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Frank Bullitt
Posts: 1208
Join date: 2011-05-10
Location: Ipswich
 | | Subject: A question to Chris Webb Fri Sep 09, 2011 9:21 am | |
| Dear Chris
Now that it seems that James Brent will buy Argyle I think this leave the Trust in an interesting position. It has been reported that part of Brent's bid involves the sale of HP back to the council. Instead of selling it to the council why don't the trust buy it?
This would involve raising millions of pounds but this is achievable. With the trust then charging PAFC a reasonable rent the coffers would quickly swell and untold good could be done with it - whether its youth development, buying players, community projects or helping ex players. It could even be used to buy a place on the board. With the trust owning the ground they would have untold influence over whatever regime is in the boardroom.
I personally think that this could give the trust the push and high profile project it needs.
Just a thought
Frank |
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Mock Cuncher
Posts: 925
Join date: 2011-05-12
Age: 91
Location: Kingsbridge Castles
| | Subject: Re: A question to Chris Webb Fri Sep 09, 2011 9:58 am | |
| +1
Maybe it could try and incorporate the PAYD Trust's debt into the plan? That's £280k in one hit. |
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pepsipete
Posts: 2530
Join date: 2011-05-11
Age: 73
Location: Whitleigh Plymouth
| | Subject: Re: A question to Chris Webb Fri Sep 09, 2011 9:59 am | |
| Good idea, but I can't see them raising that much cash. |
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Frank Bullitt
Posts: 1208
Join date: 2011-05-10
Location: Ipswich
| | Subject: Re: A question to Chris Webb Fri Sep 09, 2011 10:03 am | |
| I agree that it is a huge amout (2.5m?), but with a possible income of 200k a year from Argyle I would imagine there are numerous options available to raise the money. |
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seadog
Posts: 1364
Join date: 2011-05-10
Age: 53
Location: Sailing on the salt sea
| | Subject: Re: A question to Chris Webb Fri Sep 09, 2011 12:33 pm | |
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Tringreen
Posts: 3375
Join date: 2011-05-10
Age: 61
Location: Larnaca, Cyprus
| | Subject: Re: A question to Chris Webb Fri Sep 09, 2011 1:14 pm | |
| | Frank Bullitt wrote: | Dear Chris
Now that it seems that James Brent will buy Argyle I think this leave the Trust in an interesting position. It has been reported that part of Brent's bid involves the sale of HP back to the council. Instead of selling it to the council why don't the trust buy it?
This would involve raising millions of pounds but this is achievable. With the trust then charging PAFC a reasonable rent the coffers would quickly swell and untold good could be done with it - whether its youth development, buying players, community projects or helping ex players. It could even be used to buy a place on the board. With the trust owning the ground they would have untold influence over whatever regime is in the boardroom.
I personally think that this could give the trust the push and high profile project it needs.
Just a thought
Frank |
Keep thinking Frank..................... it's what we're good at on here. Can't do much else, the way things are. |
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Guest
Guest
| | Subject: Re: A question to Chris Webb Sat Sep 10, 2011 12:20 am | |
| | Frank Bullitt wrote: | Dear Chris
Now that it seems that James Brent will buy Argyle I think this leave the Trust in an interesting position. It has been reported that part of Brent's bid involves the sale of HP back to the council. Instead of selling it to the council why don't the trust buy it?
This would involve raising millions of pounds but this is achievable. With the trust then charging PAFC a reasonable rent the coffers would quickly swell and untold good could be done with it - whether its youth development, buying players, community projects or helping ex players. It could even be used to buy a place on the board. With the trust owning the ground they would have untold influence over whatever regime is in the boardroom.
I personally think that this could give the trust the push and high profile project it needs.
Just a thought
Frank |
Hi Frank
Sorry for the delay. Only just spotted your question.
I can only answer from a personaly viewpoint and not on behalf of the Society Board.
I completely understand where you are coming from but I think it is wrong to assume that the Trust (or anyone else) could simply replace James Brent in the structure of his bid.
Council - James Brent has an excellent relationship with PCC. It may well be that the Trust could convince the CC of the merits of buying the Ground but I think JB is better placed than anyone to do this.
Lombard. - As JB puts it - they will need to take a "hair cut" in order for his deal to work. JB has excellent relationships with Lombard via his hotel business and has a top notch reputuation in the business world. I honestly do not think the Trust on its own could do the same deal as JB is pushing for.
Time - this Club has 2-3 weeks at most. A decision as major as this would need to go via the members, we would need to get expertise in to help with various aspects of the proposal and we would be launching from a standing start.
In short Frank - anymore delays and Argyle are dead. We can't afford that. Long term I really believe the Trust can grow and invest intoArgyle. For now we must all concentrate on saving the Club.
Chris |
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Frank Bullitt
Posts: 1208
Join date: 2011-05-10
Location: Ipswich
| | Subject: Re: A question to Chris Webb Sat Sep 10, 2011 9:13 am | |
| Thanks Chris - I agree its a long term dream and there are matters at hand that are far more important. But I think its something worth investigating when things settle down - I really like the idea of the trust having some bricks and mortar in Argyle. |
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Mock Cuncher
Posts: 925
Join date: 2011-05-12
Age: 91
Location: Kingsbridge Castles
| | Subject: Re: A question to Chris Webb Sat Sep 10, 2011 12:11 pm | |
| | Chris Webb wrote: |
I completely understand where you are coming from but I think it is wrong to assume that the Trust (or anyone else) could simply replace James Brent in the structure of his bid. |
I read that it wouldn't be a case of replacing James Brent, rather a case of replacing the council? |
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Frank Bullitt
Posts: 1208
Join date: 2011-05-10
Location: Ipswich
| | Subject: Re: A question to Chris Webb Fri Oct 21, 2011 12:06 pm | |
| I am sure I read somewhere that the club will have the option of buying the ground back from the council in 5 years time for £1.6 million. Is that true or am I going mad? If it is true........I refer you to my original question at the top of this thread  |
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Guest
Guest
| | Subject: Re: A question to Chris Webb Fri Oct 21, 2011 12:38 pm | |
| | Frank Bullitt wrote: | I am sure I read somewhere that the club will have the option of buying the ground back from the council in 5 years time for £1.6 million. Is that true or am I going mad?
If it is true........I refer you to my original question at the top of this thread |
If that is correct then this really must be a huge priority for the Trust, but why would PCC want to give up, as we're told, such a valuable asset with such a valuable rent? |
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