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Valley parade bond

Discussion in 'City Talk' started by Park bantam, Feb 5, 2020.

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  1. Park bantam

    Park bantam Regular Starter

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    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #1 Park bantam, Feb 5, 2020
  2. AucklandBantams

    AucklandBantams Youngster

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    No.
     
    #2 AucklandBantams, Feb 5, 2020
    Faithful Bantam and Rogered Tart like this.
  3. Dennis

    Dennis
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    #3 Dennis, Feb 5, 2020
  4. Park bantam

    Park bantam Regular Starter

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    A way of raising money
     
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    #4 Park bantam, Feb 5, 2020
  5. Dennis

    Dennis
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    With a facetious response like that, I wish I hadn't asked the question now!
     
    #5 Dennis, Feb 5, 2020
    bantamlad92, Rogered Tart, Storck and 1 other person like this.
  6. BradfordCityBrad

    BradfordCityBrad
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    How much would VP cost?
     
    #6 BradfordCityBrad, Feb 5, 2020
  7. Bantam Boy

    Bantam Boy
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    #7 Bantam Boy, Feb 5, 2020
  8. Bantam Boy

    Bantam Boy
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    #8 Bantam Boy, Feb 5, 2020
  9. Rogered Tart

    Rogered Tart
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    No
     
    #9 Rogered Tart, Feb 5, 2020
  10. borderlescott

    borderlescott
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    Don’t mean to sound stupid, but what happens at the end of the lease? Does Gibb’s pension fund still own it or do we regain ownership?

    Are we legally tied into staying here until the lease is up?

    At the end of the lease do we have an automatic option to buy back the ground? Who values the ground? An independent?
     
    #10 borderlescott, Feb 5, 2020
  11. Storck

    Storck Regular Starter

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    At the end he still owns it. There are options for us to extend at a fixed price but not to buy it back
     
    #11 Storck, Feb 5, 2020
  12. Bigrod

    Bigrod
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    At the end of the lease, the Gibbs personal pension fund owns it, not Gibbs himself. I assume that this is a financial device for tax purposes and if anything ‘adverse’ were to happen to his share of the business, the Pension fund would not be liable. I may well be wrong in this hypothesis, but it seems a reasonable position.
     
    #12 Bigrod, Feb 5, 2020
    bantamlad92 and Storck like this.
  13. Interested Bystander

    Interested Bystander
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    Splendid idea, I trust you'd be happy to invest your hard earned wedge into a non fixed term bond, non transferable, the interest on which is variable, at the discretion of the beneficiary, unsecured, and redeemable as and when the beneficiary decides they can afford it?
    If so, I can offer better rates under the IB "One Born Every Minute" Bond.
     
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    #13 Interested Bystander, Feb 5, 2020
    Craven Cottager, marshy77, Steve1970 and 7 others like this.
  14. Dennis

    Dennis
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    No you're wrong. It is owned by the pension fund both now and at the end of the lease because the pension fund bought VP originally. It's raison d'être is to provide a revenue stream for the pension fund.
     
    #14 Dennis, Feb 5, 2020
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  15. Storck

    Storck Regular Starter

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    except that isn’t what is suggested in the article. It is a fixed rate, fixed term loan.
     
    #15 Storck, Feb 5, 2020
  16. zico

    zico Squad Player

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    This sounds too good to be true. Where do I sign?
     
    #16 zico, Feb 5, 2020
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  17. Bigrod

    Bigrod
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    No I had assumed it was owned both now and after the end of the lease, by the Pension Fund. It will remain with them until sold. An asset separate from Flamingo Land and any other business interests that Gibb may have. In effect protected and compartmentalised.
     
    #17 Bigrod, Feb 5, 2020
  18. Interested Bystander

    Interested Bystander
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    The term isn't actually fixed nor is the rate. They are indicative as they are dependent on the ability of the Football Club to repay the Trust.
    "Scheduled Redemption Date means the date provisionally scheduled for the redemption of a Bond"
     
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    #18 Interested Bystander, Feb 5, 2020
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  19. Storck

    Storck Regular Starter

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    yep because reading the T&C they have the option of redeeming them earlier, or you will not get paid if they don’t have the funds.
     
    #19 Storck, Feb 5, 2020
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  20. Park bantam

    Park bantam Regular Starter

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    Not one for a serious investor but perhaps for fans to help the club and can afford to tie up money for their chosen period they seem to have a good start anyway
     
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    #20 Park bantam, Feb 5, 2020
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