Re: Matthew Ellis Takeover : Mon May 29, 2023 10:56 am  

wrencat1873 wrote:

The answer to this question is obvious.
The price will be one hell of a lot lower in our current position that, say, Saints, who are the top club in RL in this country.
Anyone wanting Trinity right now "could" be getting a bargain and despite our absolutely shambolic season.

Yes, it will take plenty of cash but, that's the theory of it.

The company that I worked for specialised in buying businesses on the brink and turning them into viable concerns and they were pretty damn good at it.
Mind you, they had no interest in RL clubs.

Understand that, but how are we cheaper than 2-3 years ago. If anything, we are on paper more expensive. We have a asset now with the stand. The ground loan is the only extra cost.

3 years ago - no loan but no stand and pay rent.
Now - 3mil loan but a 10 mil stand and no rent.

So on paper, we appear more expensive.

This isn't a negative post, on the contrary it appears from the outside that this guy sees value. We don't hold that value as a championship club, so he must have solid plans and be confident to get us back up, based on grading.

[PopTart]

Re: Matthew Ellis Takeover : Mon May 29, 2023 11:03 am  

I don't think it's particularly cheaper now. It's not like Carter is selling shares at a profit or loss.
Itscabout the potential I would think.
3 years ago we were only ever going to struggle along even with investment in the team.
Now when Minards is talking him in to it he can talk about the potential of the club and the possible A grade status. That is worth an investment.

Re: Matthew Ellis Takeover : Tue May 30, 2023 8:19 am  

Out of interest, does anybody know the difference between the council loan repayments and what was payed in rent to the previous owners.

Re: Matthew Ellis Takeover : Tue May 30, 2023 8:57 am  

lifelongfan wrote:

Out of interest, does anybody know the difference between the council loan repayments and what was payed in rent to the previous owners.

The loan payment is higher per month but is more beneficial because at least we own the asset.

Re: Matthew Ellis Takeover : Tue May 30, 2023 9:30 am  

125k vs 200k or so I have read, but as above better long term. Not with a 200k fee for the SMC if that is true though. If it were, as landlord, id charge the SMC 300k per year!

Re: Matthew Ellis Takeover : Tue May 30, 2023 1:00 pm  

Khlav Kalash wrote:

125k vs 200k or so I have read, but as above better long term. Not with a 200k fee for the SMC if that is true though. If it were, as landlord, id charge the SMC 300k per year!

Thanks both of you.
I understand the reasons, just wondered what the figures were, to compare with what other clubs are paying to rent or buy.
Liking your last sentence.

[PopTart]

Re: Matthew Ellis Takeover : Tue May 30, 2023 3:22 pm  

Am I right in thinking we couldn't earn from the food vendors and drinks either while we were renting?
Or have I made that up?

Re: Matthew Ellis Takeover : Tue May 30, 2023 3:24 pm  

PopTart wrote:

Am I right in thinking we couldn't earn from the food vendors and drinks either while we were renting?
Or have I made that up?

Yes I believe you are correct which I believe was stated as a plus at the time.

Re: Matthew Ellis Takeover : Tue May 30, 2023 3:42 pm  

PopTart wrote:

Am I right in thinking we couldn't earn from the food vendors and drinks either while we were renting?
Or have I made that up?

Going back to 2012, it was decided that the vending would be outsourced, and the company concerned were charged a rental, though the monthly payment didn't seem to be enough really.

The reason they did this, was to save accounting hassles, due to quantities of invoicing etc.

Re: Matthew Ellis Takeover : Tue May 30, 2023 3:55 pm  

PopTart wrote:

Am I right in thinking we couldn't earn from the food vendors and drinks either while we were renting?
Or have I made that up?

That used to be the case, first brought in under Glover and carried on by MC for a while but i think since about 2017 it has been in house again.