Very well known Exeweb poster
- May 5, 2009
- Hunkered down
Some very pertinent points in there. Let us hope the Trust and the Club have all the angles covered because the one off “big project” is a common reason for insolvency.- Is it a fixed price job for completion by a pre determined date. Who pays if it goes over budget and if there are unforeseen issues. This in my view can not be underestimated.
- Length of lease for training ground.
- Most important thing is, is the project affordable now to completion not unaffordable if we wait any longer.
- Down to Trust if the club has to pay back the loan in 4 years and their discretion if there is any interest on loan. I am sure it mentions the loan on ‘ commercial terms’ somewhere.
- Who is Taylor thinking about selling besides Key if he thinks @£1m in transfer fees is on the conservative side.
- it’s partly underpinned by robust, strong evidence that we won’t be relegated! Seriously?!
- openly admitting it puts a strain on our finance team to come up with the figures in a very short space of time when also admitting they are short of resource and the whole team has limited experience in capital investment.
- Capex including OTR 442,292. Any chance of a breakdown of this figure or is this another one in the undisclosed fee file……
- third party short diligence exercise into what’s been done so far?! Surely it’s got to be the cost of the whole project to completion.
- The First Team Manager fully supports the investment. If we are being robust now in our approach to everything with the huge sums involved and the financial implications of it going wrong very quickly. The Manager might find himself surplus to requirements because at the end of the day most of this relies on success on the pitch in both the short term and the long term.
Don’t have a go at me but think about this carefully because the ramifications could be fatal but equally it could all go through with no problems. To me it’s all a bit rushed to get it done by the end of the month but if people are prepared to put their name to it fair enough.