I am sat in front of the radio, awaiting the start of the match, looking through the threads and, for what it is worth, my statement (it seems that we all have to make a statement nowadays) is as follows:
The AFT are only delaying the sale in the interests of greater transparency. If the board want to purchase the freehold then they will purchase the freehold, albeit six months later than when they show their intention to do so.
This should not be a problem, either to the board or to the fanbase.
Brent, although being majority shareholder, has to have the approval of his fellow board members and they will have to be united in that decision. A board in disharmony is not a good thing to have.
Tony Wrathall (who purportedly lost a six figure sum) will know what happened last time and he will have to give his approval to the purchase again.
It is normal for the supporter to not want to get anywhere near administration again. God knows what it has cost the Club, not just in financial terms, not just in 'look where we are in the league' terms, not just loss of jobs terms, but the "we almost died" terms.
We are slowly coming out of a prolonged period of instability. Brent, who didn't want anything to do with the football club to begin with, picked up the pieces and has steered us to where we are today.
However, we need to now look ahead and think how we are going to im,prove our lot in the future. How are we going to build a new grandstand, how are we going to improve our facilities, and how are we going to get back to the Championship?
We need money to do all of these things.
We need lots of money to build a new grandstand.
Brent will not provide us with any more money than what is required for self sufficiency. A good thing when we came out of administration, but we need to go further. Brent has said that he will pass the Club onto others, when he is unable to improve the Club further.
What have we got that would entice others to take over from Brent?
Nothing, Nada, Zilch.
However, the purchase of the freehold would be a start.
It would be collateral, it would be an asset, it would be something that would increase in value as the Club improved its position in the footballing world.
However, we must know HOW the freehold is to be purchased. Where is the money coming from? How will it be repaid? And, most importantly we must know WHO has possession of it.
The Club has repaid quite a large amount of debt since we came out of administration, and it is reported that we may become debt clear by October (although I know we will still have some debt covered by Hallett). Why can the Club not do the same with the freehold? The amounts are similar. I'm sure there will be a way this can be done.
Actually, the purchase of the freehold was NOT the reason we went into administration.
We nearly died, not because we owned our own ground, not because we borrowed money against it, but because the then board took a huge gamble, an extremely risky gamble, a gamble that should not have been taken in hindsight.
They spent money they didn't have, they gambled on getting the money from being part of the England World Cup grounds. They could even have had reassurances from the FA that they would have used Home Park when England got the go ahead.
Personally, I blame Sepp Blatter and his criminal cohorts for the downfall of our Club, but there is no doubt that their decision to hold the World Cup elsewhere other than in England, put the mockers on the boards plans. They couldn't pay the debts, and the rest is history as they say.
The purchase of the lease may have triggered the opportunity for the Club to enter the World Cup dream, but the purchase of the lease did not directly lead to our demise. The board took an unprecedented risk with the Club and lost. THAT is the reason why we went into administration, not the purchase of the lease per se.
There are many other football clubs out there that own their own grounds. Their boards have not risked all or nothing because of it. Most have found that an appreciating asset is a boon and have been able to improve their lot because of it.
It is natural not to want history to repeat itself, but the purchase of the ground does NOT lead to the inevitable ruin of the Club and I say the Club must purchase the freehold if it has any chance of improving and progressing into the future. Not purchasing the freehold will hinder the Club's continued progress and the club will stagnate without progress.