The Grumpy Loyal":1ltucun4 said:Adam_R":1ltucun4 said:The Grumpy Loyal":1ltucun4 said:The Grumpy Loyal":1ltucun4 said:(For Quizmike it won't let me quote more than 6 posts)
I'm sorry, but I'm afraid I do know that Stage 2 isn't costed to come in with the £5m Stage 1.
It may take a few days weeks or months for this to be confirmed, because transparency isn't a priority. It is because of that lack of transparency, that people are being duped into thinking Stage 2 is all set to go with Stage 1. It isn't. It is shiny picture propaganda.
You'll realise soon enough.
And so it came to pass.....(for QuizMike) The transcript below is from the official site.
The budget of £5m covers Stage 1 only (and does not cover the new roof and floodlight, which are being separately funded - see below). The Board currently has no agreed programme to execute Stage 2; it will proceed when it is in the interests of the Clubto do so and we have funding available.
So at last there we have it.
Now it is hardly an 'extreme view' to point out something that has proved to be 100% correct us it?
I've lost count of the number of people I've spoken to since the shiny mythical Stage2 pics were rolled out, who genuinely thought Stage2 was happening. They were duped by the shiny pictures of a nice wrap-around stand.
What's sad is that yet again we aren't grasping the nettle. If the club are willing to borrow £5m over a 30 yr period, borrowing a percentage more over an extended period and getting the job done properly (Stage2) would have meant that the capacity is there ready and waiting when we get the the 2nd tier.
Instead we'll have a realistic capacity of around 17,000 at best with segregation and people locked out.
Hey ho. Janner mentality I guess.
Easy to say "why not borrow/spend more" but in reality what position is PAFC in to increase its debt levels? We are fortunate to be given £5m at a very low interest rate because its from a favourable source. Any other multimillionaire fans out there to stump up some more? They've never come forward before so the likelihood is minimal.
So say we need £2m more to do stage 2/floodlights/ roof etc, where does that come from? Will banks lend us £2m? If so at what rates and repayment schedules. Are we still seen as high risk? Will the interest costs and repayments swallow up funds that could be invested in the team just on the off-chance that we get promoted in the next 2 years?
L1 is no walk in the park... just look at the teams there now. We aren't guaranteed promotion this season, next, within the next 5.
So we could have excess capacity and costs which are not required at this stage and have no certain or even highly likely probability that they will be other than on 1/2 occasions each season.
We've borrowed beyond our means before... lets not walk that path again eh?
Put simply, if Simon can lend us £5 and not bankrupt himself, it isn't beyond the realms of possibility for him to perhaps lend another £2m.
Let's be clear honest and realistic. PAFC's record of getting things done buildwise historically is pretty shocking. This is frustrating because we're missing a golden opportunity. Hey ho.
Pah, £2m? he'll probably find that down the back of the sofa. What a tight ar5e.
I'm sure if he could and wanted to then he would invest more to complete the project. However, maybe we should be happy that he has taken it upon himself to give us £5m and not always expect more.