FAQ: How Much Money has Matthew Benham Put into the Club So Far? (1 Viewer)

WarrenBee

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A drop in the ocean by comparison, but I've emailed the club twice about our Grandsons being mascots, and for my company to sponsor the same game, but as yet no one has had the courtesy to come back to me! I've just sent another email to Mark Devlin, and I'll see what response I get from him.

:banghead: :banghead: :banghead: :banghead:
 

BFC1997

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Based on that, I can see a big gamble on promotion in the next 3 years.

I don't have a huge problem with that, as long as it doesn't compromise the stadium project. Do we know for sure that the stadium we are expecting is the one that's going to be built?
Ah well
 

rebus

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abee

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I suspect the only one that knows this is Cliff Crown or Nity Raj from Smartodds. I always have a wry smile when the Times rich list comes out each year and he's not in listed, as he should sail in without a problem.
Ditto Tony Bloom
 
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I have a new number for this. :eek:

It will be in the MB interview.
 

Untouchable

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I have a new number for this. :eek:

It will be in the MB interview.
Following MBs interview, this should now be updated to a great big fat:

£106,000,000

Let that one sink in folks.
 

ruislip bee

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Following MBs interview, this should now be updated to a great big fat:

£106,000,000

Let that one sink in folks.
Circa £35m of that is to do with the new stadium. That means the rest has been spent running the club. Staggering! Thank you Mr B!
 

gbems92

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Just a selling club... How dare we sell the odd player... All to fund his lavish cashew nut and dark chocolate breakfasts I guess
 

8corner

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Following MBs interview, this should now be updated to a great big fat:

£106,000,000

Let that one sink in folks.

and still there are cynical doubters!! Quite incredible!!

He doesn't seek anything at all but....Thank you MB!!
 

West Wilts Bee

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and still there are cynical doubters!! Quite incredible!!

He doesn't seek anything at all but....Thank you MB!!
Pig ignorant spring to mind. Incredible generosity from this man who by the way is my all time hero, if ever there was a time when Bfc needed this man it was then and now. and it is only because of him that we enjoy the fantastic football that this team play.
 

nocoat

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Yet still there are complete berks on Facebook who question his motives
 
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Following MBs interview, this should now be updated to a great big fat:

£106,000,000

Let that one sink in folks.
Out of interest is that net spend?

I.e. does it take into account the profits made on certain players... or is that simply reinvested as part of the operating costs and the figure above is the EXTRA needed over and above?

Also, do you think if we made it to the Prem then he’s be able to start recouping some of that given the TV deals etc, or would that money go straight into the increased running costs associated with trying to survive in the Prem?

Lastly what is MB’s end game? Whilst he’s w fan he’s also a shrewd businessman who no doubt doesn’t want to simply gift the club money (I’m sure he accepts he may not get it back) so is it getting to the Prem, is it a new stadium with multi purpose use? At what point does he start getting something back?
 

Ashford Bees

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At what point does he start getting something back?[/QUOTE]

May 2020. When we beat Man U at old Trafford to seal a UEFA cup spot in the premier league.
 

hobbsy

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Once the flats are sold, presumably
I'm pretty sure the flat sales are straight to Wilmott Dixon. They are building us the stadium with that in mind, MB's cost for LR is mostly land acquisition and project costs.
 

ruislip bee

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I'm pretty sure the flat sales are straight to Wilmott Dixon. They are building us the stadium with that in mind, MB's cost for LR is mostly land acquisition and project costs.
Yes but surely WD have to pay us for the land the flats are on and someone has to pay us for GP too. Have we profit share on the flats too or would that be incorporated into the land value?
 

jlove

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Yes but surely WD have to pay us for the land the flats are on and someone has to pay us for GP too. Have we profit share on the flats too or would that be incorporated into the land value?
I believe the deal is (as a vast oversimplification) that we give WD the land the flats are on, plus GP, and they give us a stadium fully built on the piece of land that we keep. They build the flats and houses and do with them as they wish. So, again as a vast oversimplification, we are exchanging a large part of the LR site and GP for a brand new stadium. BFC/LRDL never builds or owns the dwellings.
 

ruislip bee

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I believe the deal is (as a vast oversimplification) that we give WD the land the flats are on, plus GP, and they give us a stadium fully built on the piece of land that we keep. They build the flats and houses and do with them as they wish. So, again as a vast oversimplification, we are exchanging a large part of the LR site and GP for a brand new stadium. BFC/LRDL never builds or owns the dwellings.
So from what you think we get the stadium but no cashflows in our favour. Wow. So Matthews £100m+ input is stuck!
 

jlove

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So from what you think we get the stadium but no cashflows in our favour. Wow. So Matthews £100m+ input is stuck!
So, as I posted, I really don't know and there may be adjustments either way. The original planning permission had a very detailed financial projection that showed a greater possibility of an overall loss on the deal than any profit. My guess from reading the accounts is that about £30m was consumed by LR, meaning about £70m has gone into BFC, covering the academy investments and operating losses season by season. I may be completely wrong with those guesses, though. There's clearly no such thing as a free stadium, whatever.
 

jlove

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How much of the 106m is loans?
My reading of the accounts has loans at £33,205,153. While not specifically identified as loans by MB, I think all the other loans were repaid. £30m is secured and I'm guessing that was LR. This year's numbers I'm also guessing will be more complex due to the CPO.
 
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My reading of the accounts has loans at £33,205,153. While not specifically identified as loans by MB, I think all the other loans were repaid. £30m is secured and I'm guessing that was LR. This year's numbers I'm also guessing will be more complex due to the CPO.
The loans are interest free.
Some of them were of a limited recourse variety to do with the academy.
@BFC1997 is there a particular reason you are asking?
 

b42long....

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The loans are interest free.
Some of them were of a limited recourse variety to do with the academy.
@BFC1997 is there a particular reason you are asking?
Who gives a **** ultimately we up to our nuts in the relationship with MB! Until, or something better comes along we are here, I looked at GP yesterday, the tracks of its decline are obvious. Someone who was prepared to take the mantel is a hero, there is a Matthew Harding stand at Chelsea, I know his ego wouldn't require it, but?
 

BFC1997

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The loans are interest free.
Some of them were of a limited recourse variety to do with the academy.
@BFC1997 is there a particular reason you are asking?
Well it’s important isn’t it.

Just as we keep tabs on how much he’s putting in we should be keeping tabs on what we owe him (beside eternal gratitude)

Any idea (assuming we get into the PL at some stage) when he takes what he’s owed?
 
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Well it’s important isn’t it.

Just as we keep tabs on how much he’s putting in we should be keeping tabs on what we owe him (beside eternal gratitude)

Any idea (assuming we get into the PL at some stage) when he takes what he’s owed?
Er...we (i.e. the club) "owe" him £106m. That's the whole point of the thread. Have I missed something more nuanced?
 

jlove

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Who gives a **** ultimately we up to our nuts in the relationship with MB! Until, or something better comes along we are here, I looked at GP yesterday, the tracks of its decline are obvious. Someone who was prepared to take the mantel is a hero, there is a Matthew Harding stand at Chelsea, I know his ego wouldn't require it, but?
I really, really hope that we never have the circumstances that caused the Matthew Harding Stand to be named thus.
 

BFC1997

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Er...we (i.e. the club) "owe" him £106m. That's the whole point of the thread. Have I missed something more nuanced?
So let me get this right....

Anything he invests (£106m total) is loaned to the BFC Ltd secured against the assets in its name? And there’s no fixed term to the loan, it’s just whenever he wants it back?

I just want to understand in Lehman’s terms the financial state of the club.
 
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So let me get this right....

Anything he invests (£106m total) is loaned to the BFC Ltd secured against the assets in its name? And there’s no fixed term to the loan, it’s just whenever he wants it back?

I just want to understand in Lehman’s terms the financial state of the club.
Well in Lehman's terms......it's slightly different. But not sure that's what you meant!

In layman's terms. Some money is lent at 0% and is on a rolling year's notice.

So MB could ask for the money that he has lent to be re-paid with a year's notice.

However not all the £106m is lent, almost £40m of it is in shares.
 

BFC1997

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Well in Lehman's terms......it's slightly different. But not sure that's what you meant!

In layman's terms. Some money is lent at 0% and is on a rolling year's notice.

So MB could ask for the money that he has lent to be re-paid with a year's notice.

However not all the £106m is lent, almost £40m of it is in shares.
Yep, so that’s what I was asking

£40m is in shares (which he knowingly accepted could decrease in value when he bought them)

£66m is in loans and he can ask for that back at any time and he just needs to give us a years notice

In Jens Lehman’s terms, is that right?
 

wanderer paul

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Excellent Twitter thread from @SwissRamble today. I suggest that you all read.
Thanks for the link. Required reading for everybody who loves our club. The job BFC have done financially in the past three years is nothing short of miraculous. Anyone in any doubt need look at only one chart:

DegmnTFXkAA4uoR.jpg


Some extraordinary insights on this blog. e.g. Given that their parachute payment will halve this year, and assuming no other changes, Aston Villa will have to find a whopping £45m next season to meet their FFP shortfall through cuts in wage bill, player or other (property?) sales :eek: Whereas BFC are £18m within the limit for the 3-year monitoring period.
 
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Fascinating read that demonstrates just how much we have achieved and how much we owe to MB.

Huddersfield achieved promotion whilst being fiscally responsible and that’s the model we have to follow.
 

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Thanks for the link. Required reading for everybody who loves our club. The job BFC have done financially in the past three years is nothing short of miraculous. Anyone in any doubt need look at only one chart:

View attachment 19201


Some extraordinary insights on this blog. e.g. Given that their parachute payment will halve this year, and assuming no other changes, Aston Villa will have to find a whopping £45m next season to meet their FFP shortfall through cuts in wage bill, player or other (property?) sales :eek: Whereas BFC are £18m within the limit for the 3-year monitoring period.
"Get your chequebook out Benham"
 

wibs

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Jeez reading that whole thread in its entirely really makes me want us to get to the Premier League, not for us the fans, but for Matthew.

I've always known it but it really is incredible the financial commitment and faith he is putting in the club.
 

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