Graham Clark":2rnt17a6 said:we should be eternally grateful to Simon and Jane for their desire and willingness to properly fund this path to a genuine sustainable football club fully embedded within the community and region it serves.
Agreed.
Graham Clark":2rnt17a6 said:we should be eternally grateful to Simon and Jane for their desire and willingness to properly fund this path to a genuine sustainable football club fully embedded within the community and region it serves.
Why quietly agree to a number of upgrades? :think:Kevin_Gollop":2vscy591 said:Knibbsworth":2vscy591 said:Does that mean the Grandstand ran into unbudgeted additional costs?
Credit to Simon Hallett, in this day and age of shysters in football we are incredibly lucky to have him at the helm.
From Jon Back's blog posted today: https://www.pafc.co.uk/news/2019/november/grandstand-blog/
JonB":2vscy591 said:In fact, one of the many things that happened over the past few months saw Simon and Jane (and the wider Board) quietly agree to a number of upgrades to the project which will be really noticeable when you are in there. At an additional cost of several hundreds of thousands of pounds, improved fixtures, fittings and finishes really lift the already great end result, and the addition of things like high-end resin floors throughout the grandstand will aid maintenance and longevity, as well as look fantastic.
arrythewurzel":tyql1olx said:Whilst the investment is welcome, history tells us this isn't good news really.
The situation is made worse by the fact that all majority of the debt/loan is with one shareholder.
I pray the stand starts to generate the income anticipated.
HC Green":1vj4db21 said:Personally I find the statement concerning in that cash is needed to ensure sufficient cash balances until the end of the current budgeting period.
This implies that expenditure is outstripping income despite attendances maintaining at last years levels.
For the future it strikes alarm bells should Argyle not get promoted as then attendances will drop causing a downturn in income.
tonycholwell":3ezzn5q7 said:Anyway, I digress, the AFT released this statement this afternoon regarding the actions by the owners.
https://www.argylefanstrust.com/2019/11 ... nvestment/
COYGs
oldage":2yliqs7n said:A remarkable amount of money to invest in a division 2 club.
However successful businessmen and financiers in particular are shrewd people and the cynic in me thinks what is in it for the Halletts?