Reply To: What is the Truth

Iron Bru Forums Blast Furnace What is the Truth Reply To: What is the Truth

#249501
DesertironDesertiron
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Registered On: September 3, 2022
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Do they have the required funds more to the point? I hope so

Indeed, a fans backed consortium, six million quid required.

This is the thing. 6m gets the club and stadium, but as per the last accounts in 2021, there is a 2.2m debt to be serviced. Then you need realistically someone with similar money to invest again over the next few years to start heading back in the right direction. How much is the football league parachute payment? That goes after next year unless by some miracle we stay up and get promoted next year. On the plus side revenue would likely increase as attendances would go up and I honestly think that would even be the same if we were in NLN next year but under new ownership. Hopefully something comes up and soon. It’s a really hard deal to get done though at the price he is looking for.