Please log in or register. Registered visitors get fewer ads.
Forum index | Previous Thread | Next thread
Council loan to Stadium Co 16:21 - May 20 with 7243 viewsjudd

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/rochdale-af

Poll: What is it to be then?

0
Council loan to Stadium Co on 17:01 - May 20 with 4389 viewsblackdogblue

We have only just paid them back to get the ground???

If the Government is paying furlough for the players / staff etc why do we need money??? We own the ground so any debts on a “mortgage” will be owed to the same company getting the loan...

Strange stories out today, must be the weather but on a better note, watch the beardy board go into complete meltdown now, wouldn’t like to be a certain MP

Poll: Prediction League ... Continue or have a World Cup Break?

1
Council loan to Stadium Co on 17:06 - May 20 with 4387 viewsBartRowou

Council loan to Stadium Co on 17:01 - May 20 by blackdogblue

We have only just paid them back to get the ground???

If the Government is paying furlough for the players / staff etc why do we need money??? We own the ground so any debts on a “mortgage” will be owed to the same company getting the loan...

Strange stories out today, must be the weather but on a better note, watch the beardy board go into complete meltdown now, wouldn’t like to be a certain MP


I know nothing about football finances so this is a guess but maybe it's to cover money that hasn't come in yet but will do e.g. the Dawson money.

I'd like to know how much the ticketing system and pitch have/will cost if we're in need of a loan from the council.

Poll: Should Bury shop elsewhere for frames?

0
Council loan to Stadium Co on 17:12 - May 20 with 4362 viewsJames1980

Perhaps the trust could find out if we were contractually obliged to complete the deal for pitch and ticketing system.

'Only happy when you've got it often makes you miss the journey'
Poll: Is moving to a new location

0
Council loan to Stadium Co on 17:15 - May 20 with 4337 viewsblackdogblue

Council loan to Stadium Co on 17:12 - May 20 by James1980

Perhaps the trust could find out if we were contractually obliged to complete the deal for pitch and ticketing system.


Hasn’t DB recently said both are going ahead regardless James??

Poll: Prediction League ... Continue or have a World Cup Break?

0
Council loan to Stadium Co on 17:25 - May 20 with 4312 viewssmaclad1

The MEN story, despite its breathless claims of details in a restricted report, only contains publicly available information and quotes from Councillor Brett.

http://democracy.rochdale.gov.uk/documents/s71929/Football%20Club%20002.pdf

Elsewhere on the Council's website is a long document called the Forward Plan which lists forthcoming decisions and which adds a little more information - "Outline proposals for a loan to the club on a commercial basis. The club had planned needed capital improvements to the stadium prior to the Covid19 pandemic which has caused cashflow issues." The only significant capital works I can think of are the pitch works in which case the loan is, in one way or another, supporting those works.

It is disappointing that the Club has had to go cap in hand to the Council again, but presumably they are offering the most beneficial terms or we were in need of a banker of last resort. Either way, if this is what was needed to get the pitch works done...
[Post edited 20 May 2020 17:27]
0
Council loan to Stadium Co on 17:31 - May 20 with 4291 viewsrochdaleriddler

Council loan to Stadium Co on 17:25 - May 20 by smaclad1

The MEN story, despite its breathless claims of details in a restricted report, only contains publicly available information and quotes from Councillor Brett.

http://democracy.rochdale.gov.uk/documents/s71929/Football%20Club%20002.pdf

Elsewhere on the Council's website is a long document called the Forward Plan which lists forthcoming decisions and which adds a little more information - "Outline proposals for a loan to the club on a commercial basis. The club had planned needed capital improvements to the stadium prior to the Covid19 pandemic which has caused cashflow issues." The only significant capital works I can think of are the pitch works in which case the loan is, in one way or another, supporting those works.

It is disappointing that the Club has had to go cap in hand to the Council again, but presumably they are offering the most beneficial terms or we were in need of a banker of last resort. Either way, if this is what was needed to get the pitch works done...
[Post edited 20 May 2020 17:27]


I think it is good that the modernisation of the ticketing system and the pitch repairs are going ahead. I’m sure Rochdale isn’t the only club with cash flow problems, we have had no match day income for months, and whilst most staff are furloughed there are still some that need paying. Better to owe the council, than some dodgy bank imo

Poll: Will you download and use the contract tracing App being launched by the Govt

2
Council loan to Stadium Co on 17:49 - May 20 with 4240 viewsdawlishdale

It seems very strange to me that we have approached RMBC ahead of our Bank. almost too strange to be true...There were plenty of adverse comments made by a prominent Director aimed firmly at RMBC regarding their hardball tactics when we were negotiating to buy the stadium shares from them.

Wonder if our Bank said no and we had no choice?
0
Council loan to Stadium Co on 17:56 - May 20 with 4218 viewsDalenet

Council loan to Stadium Co on 17:31 - May 20 by rochdaleriddler

I think it is good that the modernisation of the ticketing system and the pitch repairs are going ahead. I’m sure Rochdale isn’t the only club with cash flow problems, we have had no match day income for months, and whilst most staff are furloughed there are still some that need paying. Better to owe the council, than some dodgy bank imo


How many dodgy banks do you know? They are all pretty much regulated up to their eyes. Can't even fart without an approved procedure
0
Login to get fewer ads

Council loan to Stadium Co on 17:57 - May 20 with 4209 viewsDale23years

Council loan to Stadium Co on 17:56 - May 20 by Dalenet

How many dodgy banks do you know? They are all pretty much regulated up to their eyes. Can't even fart without an approved procedure


Bury can tell us a few
[Post edited 20 May 2020 17:57]

Poll: Renewing your season ticket

1
Council loan to Stadium Co on 18:02 - May 20 with 4192 viewsJames1980

Council loan to Stadium Co on 17:15 - May 20 by blackdogblue

Hasn’t DB recently said both are going ahead regardless James??


Is it because we had paid deposits signed contracts and could have lost them or be in breach of contract if those projects are not completed?

'Only happy when you've got it often makes you miss the journey'
Poll: Is moving to a new location

0
Council loan to Stadium Co on 18:02 - May 20 with 4190 viewsjudd

Council loan to Stadium Co on 17:25 - May 20 by smaclad1

The MEN story, despite its breathless claims of details in a restricted report, only contains publicly available information and quotes from Councillor Brett.

http://democracy.rochdale.gov.uk/documents/s71929/Football%20Club%20002.pdf

Elsewhere on the Council's website is a long document called the Forward Plan which lists forthcoming decisions and which adds a little more information - "Outline proposals for a loan to the club on a commercial basis. The club had planned needed capital improvements to the stadium prior to the Covid19 pandemic which has caused cashflow issues." The only significant capital works I can think of are the pitch works in which case the loan is, in one way or another, supporting those works.

It is disappointing that the Club has had to go cap in hand to the Council again, but presumably they are offering the most beneficial terms or we were in need of a banker of last resort. Either way, if this is what was needed to get the pitch works done...
[Post edited 20 May 2020 17:27]


Hi smaclad1, I cannot find the dates of the council decision and the quote that you have posted. Any chance you can enlighten me please?

Poll: What is it to be then?

0
Council loan to Stadium Co on 18:04 - May 20 with 4184 viewsjudd

Council loan to Stadium Co on 17:56 - May 20 by Dalenet

How many dodgy banks do you know? They are all pretty much regulated up to their eyes. Can't even fart without an approved procedure


Think bury FC and their myriad of lenders

Poll: What is it to be then?

0
Council loan to Stadium Co on 18:17 - May 20 with 4153 viewsBigDaveMyCock

Council loan to Stadium Co on 17:56 - May 20 by Dalenet

How many dodgy banks do you know? They are all pretty much regulated up to their eyes. Can't even fart without an approved procedure


To consumers yes, to corporates no. Freedom of contract. The big clearing banks are more regulated than the smaller banks/funders.

Poll: Was the Incredible Hulk a sh!thouse?

0
Council loan to Stadium Co on 18:20 - May 20 with 4147 viewsrochdaleriddler

Council loan to Stadium Co on 17:56 - May 20 by Dalenet

How many dodgy banks do you know? They are all pretty much regulated up to their eyes. Can't even fart without an approved procedure


A lot of sub prime lenders out there, I’m guessing the football clubs bank, and others weren’t keen on lending. I don’t think RBC will sell the ground if Dale miss a payment

Poll: Will you download and use the contract tracing App being launched by the Govt

0
Council loan to Stadium Co on 18:20 - May 20 with 4144 viewsD_Alien

Not too concerned about this

The loan against assets always sounds like a risk but let's face it - if we can't repay this loan we're fooked anyway, so probably the best worst option

Poll: What are you planning to do v Newport

0
Council loan to Stadium Co on 18:26 - May 20 with 4120 viewsSandyman

https://www.rochdaleafc.co.uk/news/2016/march/rochdale-football-club-secure-full

The Council helping us out with a secured loan to ensure they get their original loan back on behalf of the Rochdale public? Maybe. At least it looks open and above board, not shady deal after shady deal with lord knows how many owners and companies, selling off car park spaces, the ground, taking out loans with no possible means of repayment or ripping off investors etc etc like one club did.

At the last fans forum, people were very impressed by the way Tony Pockney spoke on our finances. One presumes he's had something to do with this. Yes, another expense we don't need but needs must in such difficult times. Nice to hear Brett speak of RAFC as an asset to the borough for once. Keeping RAFC in business also helps secure the future for Hornets in this town as well.
4
Council loan to Stadium Co on 18:39 - May 20 with 4076 viewsboromat

Council loan to Stadium Co on 17:49 - May 20 by dawlishdale

It seems very strange to me that we have approached RMBC ahead of our Bank. almost too strange to be true...There were plenty of adverse comments made by a prominent Director aimed firmly at RMBC regarding their hardball tactics when we were negotiating to buy the stadium shares from them.

Wonder if our Bank said no and we had no choice?


I might be making this up but didn't DB or one of the board members mention the lack of support from banks to football clubs recently. Maybe it was the forum?

And maybe it isn't as much a loan as an extension to paying the existing loan on the stadium? Either way it doesn't concern me but would have preferred to hear it first from the club.

Poll: What are we more excited for?

0
Council loan to Stadium Co on 18:42 - May 20 with 4066 viewsblackdogblue

Council loan to Stadium Co on 18:26 - May 20 by Sandyman

https://www.rochdaleafc.co.uk/news/2016/march/rochdale-football-club-secure-full

The Council helping us out with a secured loan to ensure they get their original loan back on behalf of the Rochdale public? Maybe. At least it looks open and above board, not shady deal after shady deal with lord knows how many owners and companies, selling off car park spaces, the ground, taking out loans with no possible means of repayment or ripping off investors etc etc like one club did.

At the last fans forum, people were very impressed by the way Tony Pockney spoke on our finances. One presumes he's had something to do with this. Yes, another expense we don't need but needs must in such difficult times. Nice to hear Brett speak of RAFC as an asset to the borough for once. Keeping RAFC in business also helps secure the future for Hornets in this town as well.


Dig dig dig at RIPBURY 😀😀

Something though we won’t agree on mate, is now the time to shunt the Hornets to Mayfield?? Monkey on our back springs to mind. They are skint & didn’t most of their board leave? Hope the loan is for RAFC & nothing to do with paying 50% salaries for Hornets “managers & directors”

Poll: Prediction League ... Continue or have a World Cup Break?

0
Council loan to Stadium Co on 18:50 - May 20 with 4046 viewsSandyman

Council loan to Stadium Co on 18:42 - May 20 by blackdogblue

Dig dig dig at RIPBURY 😀😀

Something though we won’t agree on mate, is now the time to shunt the Hornets to Mayfield?? Monkey on our back springs to mind. They are skint & didn’t most of their board leave? Hope the loan is for RAFC & nothing to do with paying 50% salaries for Hornets “managers & directors”


Under previous regimes at Hornets, I would agree with you. However, the new owners, to date have been very accommodating. DB spoke highly of them at the fans forum. Along the lines of best relationship we've ever had with Hornets. Wonder how RL teams without the resources of even a small club like Dale are going to get through the pandemic? Can understand that a lack of Taddie's is making you a bit ratty
[Post edited 20 May 2020 18:51]
0
Council loan to Stadium Co on 19:11 - May 20 with 3984 viewsisitme

Council loan to Stadium Co on 18:50 - May 20 by Sandyman

Under previous regimes at Hornets, I would agree with you. However, the new owners, to date have been very accommodating. DB spoke highly of them at the fans forum. Along the lines of best relationship we've ever had with Hornets. Wonder how RL teams without the resources of even a small club like Dale are going to get through the pandemic? Can understand that a lack of Taddie's is making you a bit ratty
[Post edited 20 May 2020 18:51]


It is really interesting and pleasing that the council are backing the club like this. Some may argue that the council should be spending the money elsewhere, but will miss the point that loaning the club money will earn them interest.
1
Council loan to Stadium Co on 20:22 - May 20 with 3851 viewsblackdogblue

Council loan to Stadium Co on 18:50 - May 20 by Sandyman

Under previous regimes at Hornets, I would agree with you. However, the new owners, to date have been very accommodating. DB spoke highly of them at the fans forum. Along the lines of best relationship we've ever had with Hornets. Wonder how RL teams without the resources of even a small club like Dale are going to get through the pandemic? Can understand that a lack of Taddie's is making you a bit ratty
[Post edited 20 May 2020 18:51]


You know I prefer Double Four 😀 Sam Smiths finest ale & yes would murder for a pint which reminds me... new post coming 😂

Poll: Prediction League ... Continue or have a World Cup Break?

0
Council loan to Stadium Co on 20:29 - May 20 with 3839 viewssmaclad1

Council loan to Stadium Co on 18:02 - May 20 by judd

Hi smaclad1, I cannot find the dates of the council decision and the quote that you have posted. Any chance you can enlighten me please?


Hi Judd, the decision was taken on 15th May - the document I posted earlier is on this page - http://democracy.rochdale.gov.uk/ieDecisionDetails.aspx?ID=1790

The quote is in the pdf attached to this page - http://democracy.rochdale.gov.uk/mgListPlanItems.aspx?PlanId=280&RP=116

Interestingly, the decision appears to have been taken early - but it does say that it was taken under urgency procedures so I suppose that's alright then!

Would recommend that anyone who wants to know what the Council are up to, might have been up to, or are possibly about to get up to - and how they go about it - can do no worse than having a good rummage around on these pages - http://www.rochdale.gov.uk/council-and-democracy/councillors-and-committees/Page . You'll find a lot more than the MEN or Rochdaleonline will ever tell you. Whether it enriches your life is another matter....
0
Council loan to Stadium Co on 20:34 - May 20 with 3822 viewsjudd

Council loan to Stadium Co on 20:29 - May 20 by smaclad1

Hi Judd, the decision was taken on 15th May - the document I posted earlier is on this page - http://democracy.rochdale.gov.uk/ieDecisionDetails.aspx?ID=1790

The quote is in the pdf attached to this page - http://democracy.rochdale.gov.uk/mgListPlanItems.aspx?PlanId=280&RP=116

Interestingly, the decision appears to have been taken early - but it does say that it was taken under urgency procedures so I suppose that's alright then!

Would recommend that anyone who wants to know what the Council are up to, might have been up to, or are possibly about to get up to - and how they go about it - can do no worse than having a good rummage around on these pages - http://www.rochdale.gov.uk/council-and-democracy/councillors-and-committees/Page . You'll find a lot more than the MEN or Rochdaleonline will ever tell you. Whether it enriches your life is another matter....


Cheers pal. Hope all is safe and well with you and yours.

Poll: What is it to be then?

0
Council loan to Stadium Co on 20:44 - May 20 with 3791 viewsjudd

Council loan to Stadium Co on 20:34 - May 20 by judd

Cheers pal. Hope all is safe and well with you and yours.


The costs of the loan are to be serviced by future transfer earnings.

We know we are due a sizeable amount from the Dawson deal in the next few months so should be a good deal all round.

Poll: What is it to be then?

0
Council loan to Stadium Co on 20:51 - May 20 with 3778 viewssmaclad1

Council loan to Stadium Co on 20:34 - May 20 by judd

Cheers pal. Hope all is safe and well with you and yours.


We're all Ok thanks - the lad's officially shielding and we're obviously taking great care of daughter so we've been pretty cautious. All well with you and family?
0
About Us Contact Us Terms & Conditions Privacy Cookies Advertising
© FansNetwork 2024