Rotherham United's GBP 5M debt with ASD

[howdydoo]

So 5 million down.

The fans have financed the 7 million already paid of the mortgage through their attendances to the matches.

13 million still to pay on the 20 year mortgage so the interest on the load is front loaded within the mortgage deal.
If the club gets 6000 supporters per match then the mortgage will be covered.

TS is looking at either continuing until the mortgage is paid then rent the stadium to the club or sell up or passing on the mortgage on to the new owner.

What about the sponsorship deal with ASD? You could argue that pays the rent/mortgage.

The fans clearly don?t cover running the football club. What about wages and running costs.

If the club now owes ?5m to ASD, it?s a cashflow issue, not a tax fiddle.

Could be waiting on transfer money or good old Matty Taylor was allowed to overstretch the finances like never before.

The accounts will be out in Feb.

Rothbiz are a bit late with this one 😂😂

[mellowmiller]

Are you crackers?Who is going to buy him?

Whoosh..........🙂

[frogmiller]

What about the sponsorship deal with ASD? You could argue that pays the rent/mortgage.

The fans clearly don?t cover running the football club. What about wages and running costs.

If the club now owes ?5m to ASD, it?s a cashflow issue, not a tax fiddle.

Could be waiting on transfer money or good old Matty Taylor was allowed to overstretch the finances like never before.

The accounts will be out in Feb.

Rothbiz are a bit late with this one 😂😂

Good questions Howdy.

It was during or before the construction that TS himself said that a set amount of supporters would pay for the cost of the stadium. If we got another higher number then he?d build an extension.

The sponsorship. He?s certainly put a load in but you could say that that if he was a more open chairman then he could go and find other sponsorship or another owner would.
Plus he will have got return business from it.

I would never suggest that it?s a tax fiddle.

We should thank him for what he has done and I fear his successor won?t have a stadium with the deal.