Fan The Flames Posted 7 January, 2009 Share Posted 7 January, 2009 to assume we will get bought is rather arrogant...in this financial climate it seems.. Well you might as well call every sofa shop, car showroom and home seller arrogant then. All I go on is the comparable situations, every club that has gone bust of our size and most smaller clubs as well have been sold and continued. Yes we are in a down turn in the economy but that does not mean will we definitely wont be sold. Arrogance has nothing to do with it. Newport County, Aldershot and Maidstone are the only clubs (I know of) that have gone bust and had to start again, what happened to the grounds I don't know. Link to comment Share on other sites More sharing options...
benjii Posted 7 January, 2009 Share Posted 7 January, 2009 Thanks for that. What are the FA rules on selling a ground, anyone know? Surely they wont take precedence over the administrators though. The FA has no jurisdiction to override the legal charge that Aviva will have over the ground. If we went into admin we would be in default of our loan. Aviva would be able to exercise a power of sale or would work with the administrator to achieve a sale if they didn't want to do that. Link to comment Share on other sites More sharing options...
Thedelldays Posted 7 January, 2009 Share Posted 7 January, 2009 Well you might as well call every sofa shop, car showroom and home seller arrogant then. All I go on is the comparable situations, every club that has gone bust of our size and most smaller clubs as well have been sold and continued. Yes we are in a down turn in the economy but that does not mean will we definitely wont be sold. Arrogance has nothing to do with it. Newport County, Aldershot and Maidstone are the only clubs (I know of) that have gone bust and had to start again, what happened to the grounds I don't know. but the thing is...most other shops etc are there to make money and will be bought if they are able to do so.... woolies and the like are not able to make money...hence...................... like I said, you are probably right that we will be bought out, but I would have a concern that we may well NOT. Link to comment Share on other sites More sharing options...
Fan The Flames Posted 7 January, 2009 Share Posted 7 January, 2009 Thanks for that. What are the FA rules on selling a ground, anyone know? Surely they wont take precedence over the administrators though. I think the law change was that you could not vacate your ground until you had concrete plans for a new ground. The Brighton chairman told the FA that they had plans to build a new ground in Patcham so the FA sanctioned a temporay move to Gillingham (or it may have been Charlton for the first season). However Brighton council had turned down plans for the ground at Patcham (I assume its Waterhall) weeks before hand, it was all part of Archers plan to get Brighton out of their ground. Its been tried elsewhere since, Wrexham and York spring to mind but directors have not succeeded for reason I not aware of/can't remember. This won't help us if we go into administration but it does help stop asset strippers targeting football clubs, especially the small debt laden city centre based clubs. You are right though the locals do use the shop at the Goldstone, I know my mates (Brighton fans) still don't shop there and even drove to Purley Way to go to Toys R Us but there was no mass boycott. As you probably know Brighton have just dug the first turf at Falmer, not a minute too late as their crowds are well down and people over there are completely fed up with Withdean Link to comment Share on other sites More sharing options...
ooohTerryHurlock Posted 7 January, 2009 Share Posted 7 January, 2009 Why can't the city council gaurentee the loan on the stadium - I know they don't want to buy it or can't afford to but surely this premier sporting facility could is as important an asset as a celler full of pricelees works of art? The stadium is an integral part of the regeneration of that area. If it goes or fails it will be taken back over by pimps and toms. Also even with the reduced crowds, hundred of thousands of pounds must be generated through matchday festivities - jobs depend on the stadium being there. Its time the city council get involved and see how they can help. Why can't they loan the club money - surely its as good a home for our money than some dodgy icelandic bank! Link to comment Share on other sites More sharing options...
Dubai Saint Posted 8 January, 2009 Share Posted 8 January, 2009 I work for Aviva and remember the outcry amongst employees and shareholders when we wrote off c£6m when Marcus Evans boght Ipswich, were communicated internally that it made economic long term sense and would do it again if required. Of course Aviva having a Norwich base and 14,000 employees in Canaryland did not help. Link to comment Share on other sites More sharing options...
Dubai Saint Posted 8 January, 2009 Share Posted 8 January, 2009 Well you might as well call every sofa shop, car showroom and home seller arrogant then. All I go on is the comparable situations, every club that has gone bust of our size and most smaller clubs as well have been sold and continued. Yes we are in a down turn in the economy but that does not mean will we definitely wont be sold. Arrogance has nothing to do with it. Newport County, Aldershot and Maidstone are the only clubs (I know of) that have gone bust and had to start again, what happened to the grounds I don't know. Council own Aldershot's ground, always have done, it is a public park on non-matchdays! Link to comment Share on other sites More sharing options...
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