FAQ: How Much Money has Matthew Benham Put into the Club So Far?

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Those seem to be the ones across the railway rather than right in front of the ground. I wonder how much a parking place costs. Mildly tempted.
Yeah you are right, these are the blocks on the Capital Court site

1608894095930.png
 

liverbee

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It's not "surrounded by parks" though, is it.? And parking access is even less important than approach which must be both amenable and welcoming, unless the flats are very special.
 
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It's not "surrounded by parks" though, is it.? And parking access is even less important than approach which must be both amenable and welcoming, unless the flats are very special.
Neither are there plans for connection to HS2 or Crossrail (unless those plans exist in the figment of someone's imagination, of course)
 

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I do vaguely recall this, it was to do with the amount that the council receive as part of the compensation for not having social housing.

The monetary contribution would increase if the profit was over a certain amount.

This is correct. The scheme was to be subject to further viability assessments conducted on an open book basis. If those assessments illustrate a greater GDV than shown in the original viability assessment which formed part of the planning consent then the Section106 contributions would be adjusted accordingly. I imagine any overage from the club’s perspective would also be linked to those viability assessments.
 

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hobbsy

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Neither are there plans for connection to HS2 or Crossrail (unless those plans exist in the figment of someone's imagination, of course)
Isn’t there a plan in early stages of development to run trains from Hounslow up that branch behind the north stand (with a new “Lionel Road” station) through to Old Oak Common and beyond? (OOC providing the connection to Crossrail and HS2)

www.mylondon.news/news/west-london-news/west-london-trains-new-traffic-16494616
If by early stages you mean, someone has dreamed up an idea but not progressed and given it any further thought or scrutiny.

Then yes.
 

FJBee

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If by early stages you mean, someone has dreamed up an idea but not progressed and given it any further thought or scrutiny.

Then yes.
I mean, it’s an official report from TfL - so it’s probably had some scrutiny...

They at least meet the criteria of “plans”
 
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I mean, it’s an official report from TfL - so it’s probably had some scrutiny...

They at least meet the criteria of “plans”
I can make plans as well. It doesn't mean that they have a remote chance of happening however.
 

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I can make plans as well. It doesn't mean that they have a remote chance of happening however.
Do you have any intimate knowledge of TfL goings on, are you “in the know” there too?

Given this isn’t the first scheme proposed for that length of track, I wouldn’t be surprised if something gets approval and funding at some point. Seems odd to be so entirely sure it would never happen.
 
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Do you have any intimate knowledge of TfL goings on, are you “in the know” there too?

Given this isn’t the first scheme proposed for that length of track, I wouldn’t be surprised if something gets approval and funding at some point. Seems odd to be so entirely sure it would never happen.
Have a look at where they want to put the new station. Then look at the current requirements for building a NEW station (which can't be even on curve these days, let alone platform width requirements (needed for lifts for accessibility etc.) which would need the stadium moved a bit south....)

And, yes, I do know a little about it. Thanks.

It just won't happen.
 

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The last accounts state that his total commitment at 30 June 2019 stood at £100.1M of which £19.6M was specifically in relation to the stadium project. I expect that £19.6M will be repaid but that the £80M will remain the debt.

Taking those numbers at face value... If the flat sales provide a small overage profit (say £10m in time), then MB’s net commitment is £70m. For which he‘s got a brand new stadium, plus Ivan, Marcus, Bryan, Josh, Christian & co. into the bargain. The stadium and those named players alone are easily worth double the £70m. And with the new stadium, post-CoVid, the annual operating losses are significantly lower, even before the £££ of the PL. What a turnaround in a decade!
 

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Taking those numbers at face value... If the flat sales provide a small overage profit (say £10m in time), then MB’s net commitment is £70m. For which he‘s got a brand new stadium, plus Ivan, Marcus, Bryan, Josh, Christian & co. into the bargain. The stadium and those named players alone are easily worth double the £70m. And with the new stadium, post-CoVid, the annual operating losses are significantly lower, even before the £££ of the PL. What a turnaround in a decade!
It's a very high-level view, not a million miles out but there's few things that have been lost in the simplification:
  • The published accounts are for BFC, although Matthew is the owner of BFC you have to disconnect the two (even though reference to multiple yachts is amusing). BFC has a debt to him that will not go away.
  • You can't factor in any anticipation of overage as I don't believe there can be much optimism on property prices, particularly given the delays caused by the pandemic and the ongoing economic misery.
  • They way the figures are reported shows there are distinct categories: property (presumably LRDL); operating; player trading.
  • The loans associated to the property development are separate from loans to cover operating losses and were secured, presumably on the land parcels acquired for the development and GP. It looks like these loans are being repaid, linked to the development agreement, and the outstanding sum of £19.6 has probably been repaid by now (it was much higher).
  • The new stadium agreed value is £52M.
  • Operating losses will continue, with serious hit next season due to frozen ST's.
  • Player trading and the asset value of players (under £14M in the accounts end 2019 season) is highly speculative and unpredictable – it could vanish overnight.
There are those closer to the club who may correct my assumptions, based solely on an amateur reading of the published accounts.
 

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Have a look at where they want to put the new station. Then look at the current requirements for building a NEW station (which can't be even on curve these days, let alone platform width requirements (needed for lifts for accessibility etc.) which would need the stadium moved a bit south....)

And, yes, I do know a little about it. Thanks.

It just won't happen.
If that was the case, that it would be impossible, why would an official TfL report (who I’m sure would know a lot more than you - I mean, it is their job) be suggesting it as a possibility? I’d take that as pretty conclusive evidence that it could happen.

Regardless, your original comment which I was replying to said there were no plans at all - I’m not saying they’re going to happen, but clearly there are / have been plans within at least the past 18 months, there’s an official report.

No need to have such a sh*tty attitude in your replies either - don’t know what’s got you so riled up!
 

SH

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It's a very high-level view, not a million miles out but there's few things that have been lost in the simplification:
  • The published accounts are for BFC, although Matthew is the owner of BFC you have to disconnect the two (even though reference to multiple yachts is amusing). BFC has a debt to him that will not go away.
  • You can't factor in any anticipation of overage as I don't believe there can be much optimism on property prices, particularly given the delays caused by the pandemic and the ongoing economic misery.
  • They way the figures are reported shows there are distinct categories: property (presumably LRDL); operating; player trading.
  • The loans associated to the property development are separate from loans to cover operating losses and were secured, presumably on the land parcels acquired for the development and GP. It looks like these loans are being repaid, linked to the development agreement, and the outstanding sum of £19.6 has probably been repaid by now (it was much higher).
  • The new stadium agreed value is £52M.
  • Operating losses will continue, with serious hit next season due to frozen ST's.
  • Player trading and the asset value of players (under £14M in the accounts end 2019 season) is highly speculative and unpredictable – it could vanish overnight.
There are those closer to the club who may correct my assumptions, based solely on an amateur reading of the published accounts.

“The published accounts are for BFC, although Matthew is the owner of BFC you have to disconnect the two.” Really? I think you’re missing the wood for the legal trees here...

In any case, my - very high-level - simplification was merely to highlight that the hydra-headed MB/BFC/LRDL/AOA is S/T trading poor but L/T asset rich due to the astute handling of the club’s finances. Whereas other Championship clubs have hocked their grounds (and more) to fund losses, the owner is long a stadium and a £100+m (??) squad in return for the investment to date. Nice one Matthew 🥰
 
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If that was the case, that it would be impossible, why would an official TfL report (who I’m sure would know a lot more than you - I mean, it is their job) be suggesting it as a possibility? I’d take that as pretty conclusive evidence that it could happen.
Anything is possible given enough time and resources!

Don't mean to come across with an "sh*tty attitude", but I am very aware of what is going on in this arena and I can promise you that it is not going to happen. There will be never be a station where the Sega building is now. Not whilst any of us are alive anyway, or our grandchildren.

TfL have people that get money to come up with crap like this. LBH councillors come up with crap like this because they want votes. The Mayor (not just this one but those from both sides) come up with crap like this because they want votes. It doesn't mean that it will happen...

As I said, I could draw some plans and then there are "plans", but I have plans to become owner of BFC and win us the Champions League 10 times in a row. It doesn't mean that it will happen, chiefly because somebody else got there first!
 
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“The published accounts are for BFC, although Matthew is the owner of BFC you have to disconnect the two.” Really? I think you’re missing the wood for the legal trees here...

In any case, my - very high-level - simplification was merely to highlight that the hydra-headed MB/BFC/LRDL/AOA is S/T trading poor but L/T asset rich due to the astute handling of the club’s finances. Whereas other Championship clubs have hocked their grounds (and more) to fund losses, the owner is long a stadium and a £100+m (??) squad in return for the investment to date. Nice one Matthew 🥰
I do agree with you. There is a very large debt due to Matthew, but nothing I have seen has led me to believe that he is a spendaholic needing the money back to fund his greyhound collection, fleet of private jets, or indeed superyachts.

I have nil to little concern regarding the loans that are due to him and there is no prospect of a sudden requirement to repay them a la Noades.

The potential issue is if we need further funds and MB's primary income generation facility fails for one reason or another. However we seem to have a consistent income from player trading so even that risk is mitigated somewhat.
 

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... but nothing I have seen has led me to believe that he is a spendaholic needing the money back to fund his greyhound collection, fleet of private jets, or indeed superyachts.

... or as the financial pratfalls of the City were summarised to me in my early days back in the dinosaur era 🦕🦖 “Fast cars, fast women and slow horses.” Happy days 😂
 

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“The published accounts are for BFC, although Matthew is the owner of BFC you have to disconnect the two.” Really? I think you’re missing the wood for the legal trees here...
BFC has debtors and creditors other than MB and is able to raise money elsewhere (although it would be uncompetitive with no interests currently being charged by him!). Matthew is the current custodian and extreme benefactor, for which we are all grateful, but I scan the accounts as a fan who supported the Club before he was born and expect to be a fan whoever owns the shares.
 

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BFC has debtors and creditors other than MB and is able to raise money elsewhere (although it would be uncompetitive with no interests currently being charged by him!). Matthew is the current custodian and extreme benefactor, for which we are all grateful, but I scan the accounts as a fan who supported the Club before he was born and expect to be a fan whoever owns the shares.

jlove, my point is that if MB liquidated BFC/LRDL he'd be quids in. Obviously I don't expect him to do this and as someone who first went to GP in shorts no longer than John O'Mara's I sincerely hope and expect he won't.

It’s obviously a Christmas hangover, and I certainly don't mean to be rude, but I just don’t understand the point you’re making in relation to this? MB owns the entire ordinary and preference share capital of BFC. BU have (or had) a special share re. GP (don't know if this lapsed with the move to LR?) with no financial interest. LRDL is, in turn, 100%-owned by BFC. So, to all intents and purposes, at this moment in time, BFC/LR = MB.
 
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jlove, my point is that if MB liquidated BFC/LRDL he'd be quids in
His house might be burnt to the ground however. 😇


Re the BU Special Share, it still exists and has transferred to Lionel Road. However it is an almost pointless document these days. That doesn't mean that it will be pointless in several decades time though.
 

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His house might be burnt to the ground however. 😇


Re the BU Special Share, it still exists and has transferred to Lionel Road. However it is an almost pointless document these days. That doesn't mean that it will be pointless in several decades time though.
Thanks for that re BU.

Your first point is a bit of an empty threat as he’d obviously sail off into the sunset - Philip Green style - on one of his yachts 😉 Might have to change the song... “MB, we know where you berth?” perhaps
 

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So who is paying for the monorail ?
 

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Anything is possible given enough time and resources!

Don't mean to come across with an "sh*tty attitude", but I am very aware of what is going on in this arena and I can promise you that it is not going to happen. There will be never be a station where the Sega building is now. Not whilst any of us are alive anyway, or our grandchildren.

TfL have people that get money to come up with crap like this. LBH councillors come up with crap like this because they want votes. The Mayor (not just this one but those from both sides) come up with crap like this because they want votes. It doesn't mean that it will happen...

As I said, I could draw some plans and then there are "plans", but I have plans to become owner of BFC and win us the Champions League 10 times in a row. It doesn't mean that it will happen, chiefly because somebody else got there first!
Never said it would definitely be happening - but you said there weren’t even plans, and there clearly were. Given the date in the TfL report, it’s probably fair to assume they would be fully aware of the stadium and its footprint (given it was pretty much complete by then) - but seemingly still think it’s possible?

The space and accessibility reasons mentioned before could be quite easily gotten around - it would be interesting to know what you ‘know’ that makes you so certain it’s impossible? At the moment your posts just say “it can’t happen” and then add some random sarcastic comment that’s essentially irrelevant? I mean come on, your last comment on “anyone can have plans” doesn’t really add anything to the discussion, it just makes it seem like you think we (or at least just me) are idiots.
 

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On this matter of rail connections for the new stadium etc, when there already severe question marks (planning and funding) over eg HS2, the Elizabeth Line, the DLS extension to Thamesmead or the NLE between Kennington and Battersea etc, then we must be near the back of a very long queue, with the projects in front of us being MUCH more important to London and the rest of the country.

Realistically it ain't gonna happen.
 

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103,000,000

Let that sink in.
 
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I'm not sure what has happened to the £2.2m limited recourse loans that have disappeared off the Balance Sheet. IIRC these were to fund the Academy with some of the profits coming back to MB. However the profits never materialised. Did he lose that £2.2m? or were they converted into the "Loans" column?
 

wanderer paul

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I'm not sure what has happened to the £2.2m limited recourse loans that have disappeared off the Balance Sheet. IIRC these were to fund the Academy with some of the profits coming back to MB. However the profits never materialised. Did he lose that £2.2m? or were they converted into the "Loans" column?

Mepham’s fee? Was this used to “pay back” MB?
 

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Can someone please poke Matthew to now schedule to take a few bob out of the kitty? I know we need to invest more now to strengthen the team but geez let him get even at least - the gamble has paid off and we got dreams and a new stadium!!'
 

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I can see Matthew and Brentford's story on the big screen one day, it's remarkable what has been achieved, imagine what a stable PL club based by Kew Bridge with it's own stadium and commercial potential will be worth in a couple of years. Built and saved his football club, built a business and in the end might just stabilize his club in the PL and make a lot of money as well if he eventually sells; unbelievable achievements, in both a sporting and business context.
 
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Isleworth_Bee

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I can see Matthew and Brentford's story on the big screen one day, it's remarkable what has been achieved, imagine what a stable PL club based by Kew Bridge with it's own stadium and commercial potential will be worth in a couple of years. Built and saved his football club, built a business and in the end might just stabilize his club in the PL and make a lot of money as well if he eventually sells; unbelievable achievements, in both a sporting and business context.

Im not too sure about that. I doubt there are many owners bar the biggest clubs in the land that will make much money out of a sale after 10+years of investment.
 

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Im not too sure about that. I doubt there are many owners bar the biggest clubs in the land that will make much money out of a sale after 10+years of investment.

True but if one day he does he'd so deserve it. I think in our case where the club came from, the way stadium was financed and what we stand to be worth, in a few years never mind now I think there is the potential to make a fair profit there. I think it adds to the story, from a business context as it is remarkable, as you say even that goes against the norm in football.
 

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Decent read, but they do make it sound like hes only put £700k of his cash into the club.
It's written within the constraints of Twitter to be sensationalist, so while it is interesting at a high-level, it's hardly a documentary. It's also aimed at a US audience, so their only interest is in the Dollar, not the underlying facts and subtleties – the influence of The Goldmine Effect, for example.
 

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Genuine question.

with a new stadium with I believe no debt to it

and now PL football

what is the club actually worth?

£250m?
 

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It's written within the constraints of Twitter to be sensationalist, so while it is interesting at a high-level, it's hardly a documentary. It's also aimed at a US audience, so their only interest is in the Dollar, not the underlying facts and subtleties – the influence of The Goldmine Effect, for example.

It is a very good thread for the casual observer of the EPL who wants to know about this weird new small team they've never heard of before.
 

wanderer paul

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It is a very good thread for the casual observer of the EPL who wants to know about this weird new small team they've never heard of before.

Few oddities though. Just a rehash of old stuff that’s been out a while.
 
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