QuoteAh, OK. We're in fantasy land, so.
I'm not a student, by the way.
Originally Posted by pineapple stu
IE "if he does what he says"
<madness?> Special K envisages Pats in the Champions League group stage as a longterm thing</madness?>
Continuing the madness reasoning....
As a student of something how do you think Richmond/Inchicore would cope with a Champions League group match? Possible?
kdjac
Ah, OK. We're in fantasy land, so.
I'm not a student, by the way.
A fantasy land that has Pats with a new stand/pub/board/450k sponsorship/owner worth 500million.
Its madness tbh.
kdjac
Pat's won't be getting to the CL group stages any time soon.
No EL team in its present form will get to the CL, the CL is for the big clubs only.
What will get you to the CL is money and lots of it, EL teams will be lucky with 1st round UEFA football for next few years. But what is happening with Pats is what all EL fans have always wanted someone with money to burn and ambition/plan to to not lose much whichever way it goes.
I reckon he will make more money out of Pats than he puts in (within 5 years), atm hes 14 million or so down(btw for sceptics the ground is worth 12 at current market value)
kdjac
Do you have any idea how much you sound like a Shels fan circa 2002?
You've been embarrassed over your understanding of company accounts; don't go down the same route of embarrassing yourself about the possibility of getting into the group stages of the Champions' League.
Thought Nightdub answered that one about the accounts? I have no belief that we will get to the CL group stages. What our owner believes is otherwise, what you actually read is ehh even more otherwise. What is embarrassing (but suppose your not a student) is your inability to read and understand posts.
So to break it down for simple(non student reading) reading.
Pats new owner worth 500 million.
Pats new owner doesnt need to win anything to pay players.
Pats new owner has paid/put in more than grounds value.
Pats new owner a successful business man.
Pats are top of the league playing good football.
Pats new owner appointed God as Director.
Pats fans are very very happy at the moment (well maybe not the ones who think we will win league).
Pats new owner bought land that confirms his initial plans for Richmond.
Pats new owner has also bought land and converted its zoning to recreational/amenity from residential at a great loss with a view to being an academy.
Please point out where in the above i sound like a shels fan? Also bear in mind when all Pats fans left lansdowne last december we were 99.9% convinced we were going to be in tallaght asap.
Theres condescending and theres not actually reading posts and making assumptions....................
kdjac
Just for the record he hasn't spent 14 million yet.
And nobody thinks we'll be in the champions league
Oh and he's worth more than €500 million
54,321 sold - wws will never die - ***
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Stu, as I said earlier, your reservations were well-founded based on the financial situation pre-Special K. But what's encouraging is that what's actually happening now, in terms of laying foundations for the future (pun intended) seems to fit with the intentions he's expressed.
Someone asked about Pats for Richmond...we haven't gone away you know. But there doesn't seem a lot of sense campaigning against someone who so far appears to be doing exactly what we'd like to see done.
Going back to the world of high finance, I'd imagine our annual accounts are going to look VERY different from now on to what they were before.
Wikipedia says:
"In finance, a debenture is a long-term debt instrument used by governments and large companies to obtain funds. A debenture is usually unsecured in the sense that there are no liens or pledges on specific assets. It is however, secured by all properties not otherwise pledged.The advantage of debentures to the issuer is they leave specific assets unencumbered, and thereby leave them open for subsequent financing.
In the United Kingdom debentures have frequently been used as a mechanism for raising funds to build or finance sports or leisure venues...blah blah blah...Other stadia financed through the issue of debentures include Millennium Stadium, Wembley Stadium, Arsenal, Twickenham Stadium and Trent Bridge in Nottingham."
We've just issued one of those for €10.1 million. To me, that sounds like someone's intent on doing something serious with Richmond and the surrounding bits of land he's either since acquired or is aiming to acquire. Could be for apartments, could be for a snazzy stadium plus academy plus all the rest. As we keep saying, we'll have to wait and see. I like the sound of the last sentence in the Wiki quote though.
Revenge for 2002
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