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generate a total sum of lets say a final payment of £3m and £2m up front by the end of Februaryis a very big job indeed. What do people think to the suggestion that Michelle and her board as well as the head of the Iron Trust exploring how much cash can be obtained from Grants, The NLCC, Businesses and Well off football lovers,and at the same time request supporters, football lovers, other football clubs and the Towns people of Scunthorpe and local area’s to submit their offers that they would like to donate £100 as a share holder of the Football Stadium and land.No monies to be paid upfront for these £100 shares until it is known how much Michelle and her board can raise, and how much in these shares would be required tomake up the balance.
I feel that there would be a vase number that would help in this way, now that trhe club has been taken over by people that love the club, are are doers instead of the previouse two dreamers.
JUST A SUGGESTION FROM A LONG TERM SUPPORTER OF OUR CLUB THAT HAS HIT REALLY BAD TIMES OVER THE PAST SIX YEARS.
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Good thinking, BS.
In an ideal world the £3million would be reduced by negotiation; would attract grants and donations from businesses; donations from fans – (I’ll personally scrape a grand together and will miss out on a planned holiday.)
To get the lowest % on a bank loan – guarantors become vital. If we can find, say, 6 people prepared to underwrite £250,000 to £350 thousand each on the actual loan we might just get something at under 6%.
Monthly, that should be extremely manageable.2 users thanked author for this post.
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