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Post by HKYellow on Sept 8, 2010 2:57:48 GMT
Hopefully from OxVox meeting we could establish how much it would possibly cost to purchase the stadium. As already discussed, this would be the final piece in bring the club back to ownership by the club and fans.
Personally I would be happy to invest in a share issue as feel it would be a safe investment and shouldnt lose value.
As some other clubs have done, the question is as supporters, would you and how much would you be prepared to invest in purchasing the stadium?
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Post by The New Matt Murphy on Sept 8, 2010 9:00:09 GMT
Surely, if nothing else this thread will provide evidence that a supporters group alone will never be able to raise a significant figure towards the purchase of the stadium?
Even if the mean contribution were £100 each, of which (and this is a hugely optimistic figure!) 8,000 fans contributed, this leaves us with a supporters group total of £80,000.
This is approximately 180th of the total needed to purchase the stadium.
Please don't assume my cynicism in this area, I think OxVox/12th Man initiatives are fantastic and I'm proud to be an Oxford fan when I think what the fans have done since those dark days when FOUL was set up, I just think this is too great a project to get involved with.
Perhaps our contribution would be more appropriate in funding aesthetic improvements within the stadium confines once the stadium has been purchased?
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Post by malcolmnl on Sept 8, 2010 10:34:13 GMT
Aggree Matt, its just too big for us. But I'm sure our cash can be put to good use by the club in aother areas.
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Post by HKYellow on Sept 8, 2010 11:06:14 GMT
Guys, what I was saying if the club did a share or bond issuance.
For example if the stadium cost if 5 million and the club sells 50,000 shares and 100GBP each or 500,000 at 10GBP then would be upto us supporters if and how much we would want to invest. It could be quite a attractive and safe investment considering the low interest rate banks offer these days. Those wealther supporters obviously could purchase more.
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Post by KidInTheRiot on Sept 8, 2010 11:09:03 GMT
What happens if I would invest more then 100,000 GBP? I can't vote currently
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Post by The New Matt Murphy on Sept 8, 2010 11:43:28 GMT
Guys, what I was saying if the club did a share or bond issuance. For example if the stadium cost if 5 million and the club sells 50,000 shares and 100GBP each or 500,000 at 10GBP then would be upto us supporters if and how much we would want to invest. It could be quite a attractive and safe investment considering the low interest rate banks offer these days. Those wealther supporters obviously could purchase more. As I said in my previous post, I don't disagree with the sentiment but those figures are overly ambitious in my opinion. In terms of an investment as you describe, I can only really imagine OUFC fans and their family members being interested in making an investment for sentimental purposes, the chance to own a little bit of the club they love? If I'm right, I really can't invisage 10,000 people being able and willing to invest, let alone 50,000! I saw someone sighting Arsenal's example in another thread. Arsenal are a world-renound club with fans all over the globe, probably running into the millions. Our relative fan base is miniscule in comparison so the market is that much smaller. I just don't see it working with a club of our size, and I think raises tricky ownership issues for the future. To issue shares, surely we'd have to become a Plc and float on the stock market? In doing so, could this leave us susceptible to relinquishing significant, if not majority shares in OUFC The Company to unwanted investment from people with less than honest intentions, such as our mate Firoz? |
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Post by The New Matt Murphy on Sept 8, 2010 11:44:36 GMT
KITR, if you could afford to invest/contribute those sorts of sums, why haven't you invested already?
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Post by Jimmy Ike on Sept 8, 2010 11:49:59 GMT
Surely, if nothing else this thread will provide evidence that a supporters group alone will never be able to raise a significant figure towards the purchase of the stadium? ....and, of course, the lesson that if we do put some money together to buy the ground, it'd probably be a good idea to get the figures checked before announcing the total raised.... |
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Post by KidInTheRiot on Sept 8, 2010 11:58:07 GMT
KITR, if you could afford to invest/contribute those sorts of sums, why haven't you invested already? Just saying if I had that kind of money there is no option to pick. Unfortunately for myself I don't have that problem. Currently* *probably never will |
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Post by The New Matt Murphy on Sept 8, 2010 12:19:26 GMT
KITR, if you could afford to invest/contribute those sorts of sums, why haven't you invested already? Just saying if I had that kind of money there is no option to pick. Unfortunately for myself I don't have that problem. Currently* *probably never will I like the use of the word probably, though! Perrenially optimistic! |
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Post by m on Sept 8, 2010 13:13:27 GMT
"Even if the mean contribution were £100 each, of which (and this is a hugely optimistic figure!) 8,000 fans contributed, this leaves us with a supporters group total of £80,000.
This is approximately 180th of the total needed to purchase the stadium."
!
We've only just suggested the scheme and we're £720,000 down!
Agree with your point though.
Sadly I doubt the club will ever own the stadium.
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Post by The New Matt Murphy on Sept 8, 2010 14:21:02 GMT
"Even if the mean contribution were £100 each, of which (and this is a hugely optimistic figure!) 8,000 fans contributed, this leaves us with a supporters group total of £80,000. This is approximately 180th of the total needed to purchase the stadium." ! We've only just suggested the scheme and we're £720,000 down! Agree with your point though. Sadly I doubt the club will ever own the stadium. Whoops. Spot the deliberate mistake! That's what you get when you write a hurried smart-alec comment I guess. |
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Post by ZeroTheHero on Sept 8, 2010 14:39:03 GMT
What's the mistake? Surely £100 x £8,000 is £800,000? (not that I wrote the original comment, mind)
Edit - unless you're saying that OxVox represent at best 10% of the supporters? Which is correct. But on the other hand, OV (or members of it) were behind much of the 12th Man initiative, which has been wholeheartedly supported by many more than just the members of the supporters group. I'd guess that more than just OV members would support a stadium buying initiative - but I'd also guess that it would be much less than 8,000 and whatever the figure, would be nowhere near enough to make a contribution that would make a difference.
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Post by 'Beav' on Sept 8, 2010 14:39:51 GMT
I can only afford about £10 so i'm the ONLY person who's put that as an answer :-\
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Post by m on Sept 8, 2010 15:10:01 GMT
"Even if the mean contribution were £100 each, of which (and this is a hugely optimistic figure!) 8,000 fans contributed, this leaves us with a supporters group total of £80,000. This is approximately 180th of the total needed to purchase the stadium." ! We've only just suggested the scheme and we're £720,000 down! Agree with your point though. Sadly I doubt the club will ever own the stadium. Whoops. Spot the deliberate mistake! That's what you get when you write a hurried smart-alec comment I guess. Aye. If there were any justice I'd be hoisted by my own stinking petard. |
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Post by scoob on Sept 8, 2010 16:21:49 GMT
Guys, what I was saying if the club did a share or bond issuance. For example if the stadium cost if 5 million and the club sells 50,000 shares and 100GBP each or 500,000 at 10GBP then would be upto us supporters if and how much we would want to invest. It could be quite a attractive and safe investment considering the low interest rate banks offer these days. Those wealthier supporters obviously could purchase more. HKY I doubt if enough fans/investors would be attracted by a share issue. These shares would be relatively high risk and no guarantee of any return from a company in a very high risk industry. I really can not see enough people investing on this basis. Maybe a bond/loan note issue at a fixed rate of interest secured against the asset of the land/stadium would be more attractive to potential investors/fans and would help reduce the financing cost of the purchase. For example £5M at say 2.5% would give an attractive rate of return at current rates but would probably save the owners 3% to 5% in interest costs compared to bank finance. This would reduce the annual finance cost of the stadium by £150k to £250k per annum. I am sure you have more up to date information re corporate lending rates and I guess that there may be a significant costs involved in any share/bond issue that will have to be factored in. Maybe a combination of shares and bonds would widen the potential base of investors. However, if rumours on otherb recent threads are true then maybe all of this will not be needed. |
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Post by bobsss on Sept 8, 2010 16:34:45 GMT
I like HK's sentiments....but the harsh reality is that it is only 'cloud cuckoo land"
Its not only raising the funds, its about having the financial clout to keep the club going thereafter. And who would run it if these unobtainable dreams were fulfilled?........................cor blimey, what a bunfight that could turn into! ;-)
Sorry folks........be grateful that we have WPL...it must be a continual worry for them - but hey, they have given us a club to be proud of and I for one are very grateful. OK, on the PR front I find them sadly lacking and would hope that one day they would see that this should be rapidly improved......but again, until the stadium is purchased they have to rely on Stadco to a large extent.....'nuff said.
If WPL should sell, we can only hope that the new 'owner' will have the fanancial where-with-all and business nous to take the club forward.
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Post by Lone Gunman on Sept 8, 2010 18:18:45 GMT
I like HK's sentiments....but the harsh reality is that it is only 'cloud cuckoo land" Its not only raising the funds, its about having the financial clout to keep the club going thereafter. And who would run it if these unobtainable dreams were fulfilled?........................cor blimey, what a bunfight that could turn into! ;-) Sorry folks........be grateful that we have WPL...it must be a continual worry for them - but hey, they have given us a club to be proud of and I for one are very grateful. OK, on the PR front I find them sadly lacking and would hope that one day they would see that this should be rapidly improved......but again, until the stadium is purchased they have to rely on Stadco to a large extent.....'nuff said. If WPL should sell, we can only hope that the new 'owner' will have the fanancial where-with-all and business nous to take the club forward. Its not about buying the club though, its about buying the stadium, i thought. I agree we're in cloud cuckoo land with this one though. We simply don't have the fans to do it. Ownership of the stadium will, i fear, only become a reality when and if we become attractive enough as a club for businesses to invest large sums to have a piece of us. |
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Post by John Lennon on Sept 10, 2010 10:32:06 GMT
How about trying to purchase the priory? Its a goldmine and if it belongs to OUFC for many years to come, it will provide decent income
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Post by KidInTheRiot on Sept 10, 2010 10:52:05 GMT
How about trying to purchase the priory? Its a goldmine and if it belongs to OUFC for many years to come, it will provide decent income I've suggested this previously. It makes a stack on home games but is dead the rest of the week. If it was a more official supporters club would it be more busier in non peak times? |
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