Shadwell Dog Posted May 18, 2022 Share Posted May 18, 2022 4 hours ago, TheScarf said: f**k me, £3million from the council. We get it tight from County fans for getting 900 grand off the council for our ground 25 year ago. Apparently that's not ok but getting £1.5 million of debt written off every year is fine. The 3 million quid was the money they got from the sale of Brockville as they owned a third of the land. It was ploughed back into the new stadium. It wasn't just cash the council had lying about and wouldn't have been available without selling Brockville and moving elsewhere. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted May 18, 2022 Share Posted May 18, 2022 How anyone can predict if we will go up or not this year when we have not signed a player yet is a bit bizzare. Prediction time is when the squad is assembled surely? 0 Quote Link to comment Share on other sites More sharing options...
Shadwell Dog Posted May 18, 2022 Share Posted May 18, 2022 4 hours ago, kiddy said: £9m? Considering the total debt that would have forced them straight into liquidation was about £1.5m, where did the rest go? https://www.heraldscotland.com/news/12302040.taxman-puts-falkirk-fc-in-hands-of-liquidator/ Nearly 9million quid. 3 million of that was the council's that they put back in. ,The rest the club had but 2.2 million was owed to the stadium city group in loans to Eddie Healey and others and legal fees. We therefor put in approx 3m and the council put in approx 3m. 0 Quote Link to comment Share on other sites More sharing options...
gav-ffc Posted May 18, 2022 Share Posted May 18, 2022 2 minutes ago, Back Post Misses said: How anyone can predict if we will go up or not this year when we have not signed a player yet is a bit bizzare. Prediction time is when the squad is assembled surely? As McGlynn has already said recruitment is key, making any predictions before we’ve even had a emoji is a bit wild. 0 Quote Link to comment Share on other sites More sharing options...
Senor Bairn Posted May 18, 2022 Share Posted May 18, 2022 1 hour ago, cb_diamond said: No, no it doesn't. 0 Quote Link to comment Share on other sites More sharing options...
PedroMoutinho Posted May 18, 2022 Share Posted May 18, 2022 (edited) Apparently Finlay Malcolm has been released by the club. Strange signing in the first place but odd that Mcglynn doesn’t want a look at him. Edited May 18, 2022 by PedroMoutinho 0 Quote Link to comment Share on other sites More sharing options...
RC55 FFC Posted May 18, 2022 Share Posted May 18, 2022 1 minute ago, PedroMoutinho said: Apparently Finlay Malcolm has been released by the club. Strange signing in the first place but odd that Mcglynn doesn’t want a look at him. Strange signing indeed but not surprised he’s being let go if that’s the case. You wouldn’t need to be Pep to know he’s not going to get you 15+ goals which is what we need from any of our main strikers. 0 Quote Link to comment Share on other sites More sharing options...
Springfield Posted May 18, 2022 Share Posted May 18, 2022 27 minutes ago, PedroMoutinho said: Apparently Finlay Malcolm has been released by the club. Strange signing in the first place but odd that Mcglynn doesn’t want a look at him. Feel for the guy, can’t blame JM, just another horrendous decision to bring the lad in. 0 Quote Link to comment Share on other sites More sharing options...
FFC 1876 Posted May 18, 2022 Share Posted May 18, 2022 41 minutes ago, PedroMoutinho said: Apparently Finlay Malcolm has been released by the club. Strange signing in the first place but odd that Mcglynn doesn’t want a look at him. Maybe Mcglynn already had him in for a trial at Raith last year and doesn't fancy him. I don't know if that's the case but it could be. 0 Quote Link to comment Share on other sites More sharing options...
Shadwell Dog Posted May 18, 2022 Share Posted May 18, 2022 46 minutes ago, PedroMoutinho said: Apparently Finlay Malcolm has been released by the club. Strange signing in the first place but odd that Mcglynn doesn’t want a look at him. I'm sure he'll have seen him play or had someone watching him. 0 Quote Link to comment Share on other sites More sharing options...
gav-ffc Posted May 18, 2022 Share Posted May 18, 2022 52 minutes ago, Springfield said: Feel for the guy, can’t blame JM, just another horrendous decision to bring the lad in. signed for the last 5 games, 1 minute played. Madness 0 Quote Link to comment Share on other sites More sharing options...
Syd Puddefoot Posted May 18, 2022 Share Posted May 18, 2022 2 hours ago, cb_diamond said: No, no it doesn't. No probs bankie boy. 0 Quote Link to comment Share on other sites More sharing options...
cb_diamond Posted May 18, 2022 Share Posted May 18, 2022 1 minute ago, Syd Puddefoot said: No probs bankie boy. -1 Quote Link to comment Share on other sites More sharing options...
HopeStreetWalker Posted May 18, 2022 Share Posted May 18, 2022 2 hours ago, gav-ffc said: As McGlynn has already said recruitment is key, making any predictions before we’ve even had a emoji is a bit wild. Could well be waiting for the release lists from the leagues above. Considine from Aberdeen would have been a great signing and just the quality and experience needed for a 1 or 2 year deal but most likely will be at Cove next season. 0 Quote Link to comment Share on other sites More sharing options...
Springfield Posted May 18, 2022 Share Posted May 18, 2022 1 minute ago, HopeStreetWalker said: Could well be waiting for the release lists from the leagues above. Considine from Aberdeen would have been a great signing and just the quality and experience needed for a 1 or 2 year deal but most likely will be at Cove next season. Think someone posted that he’s already agreed a deal with CR, stays local but nevertheless would be a decent signing for us. 0 Quote Link to comment Share on other sites More sharing options...
HopeStreetWalker Posted May 18, 2022 Share Posted May 18, 2022 2 hours ago, Shadwell Dog said: Nearly 9million quid. 3 million of that was the council's that they put back in. ,The rest the club had but 2.2 million was owed to the stadium city group in loans to Eddie Healey and others and legal fees. We therefor put in approx 3m and the council put in approx 3m. Then got regally screwed in the process. Take the playing surface FFS we own the pitch but not the land it sits on have you ever heard of such an inept arrangement what we own is worthless. Then to compound the stupidity owning seats but not the stand they sit on and saddled with a 125 year lease. Council are making a fortune out us. We don't have one physical asset we can borrow against if the going gets tough which it will over the next few years. 1 Quote Link to comment Share on other sites More sharing options...
Ranaldo Bairn Posted May 18, 2022 Share Posted May 18, 2022 38 minutes ago, HopeStreetWalker said: Could well be waiting for the release lists from the leagues above. Considine from Aberdeen would have been a great signing and just the quality and experience needed for a 1 or 2 year deal but most likely will be at Cove next season. He's absolutely done. No thank you. 0 Quote Link to comment Share on other sites More sharing options...
Shadwell Dog Posted May 18, 2022 Share Posted May 18, 2022 30 minutes ago, HopeStreetWalker said: Then got regally screwed in the process. Take the playing surface FFS we own the pitch but not the land it sits on have you ever heard of such an inept arrangement what we own is worthless. Then to compound the stupidity owning seats but not the stand they sit on and saddled with a 125 year lease. Council are making a fortune out us. We don't have one physical asset we can borrow against if the going gets tough which it will over the next few years. It's actually a 175 year lease. The problem has been that the clubs deal in all this has progressively got worse as time goes on. At the start the stadium company that was created to build and run the stadium had Falkirk FC as it's majority owner. It was supposed to fund expanding the stadium by developing the land around it. The council though having said verbally originally that the ground included in the deal was right up to the railway went back on their word and it only included land up to the grangemouth road junction. The council managed to prevent any development going through too as it wanted to develope the land over at the fire station first. This then meant fcsl was no longer viable in its setup back then and the assets were to be split between the club and the council. However, due to the council having put up the 2 million quid for the north stand and loans to keep the fcsl going it meant they now had the upper hand and why we no longer own but lease the land the stadium is built on. Funnily enough accountancy advice at this time was through KPMG and Gary deans. 0 Quote Link to comment Share on other sites More sharing options...
Shadwell Dog Posted May 18, 2022 Share Posted May 18, 2022 17 minutes ago, Ranaldo Bairn said: He's absolutely done. No thank you. If he's fit enough he'd be a decent shout. Played 46 times for Aberdeen and Scotland the season before last but obviously missed a lot of last season with an injury. Cove sounds a more realistic location for him though. 0 Quote Link to comment Share on other sites More sharing options...
HopeStreetWalker Posted May 18, 2022 Share Posted May 18, 2022 8 minutes ago, Shadwell Dog said: It's actually a 175 year lease. The problem has been that the clubs deal in all this has progressively got worse as time goes on. At the start the stadium company that was created to build and run the stadium had Falkirk FC as it's majority owner. It was supposed to fund expanding the stadium by developing the land around it. The council though having said verbally originally that the ground included in the deal was right up to the railway went back on their word and it only included land up to the grangemouth road junction. The council managed to prevent any development going through too as it wanted to develope the land over at the fire station first. This then meant fcsl was no longer viable in its setup back then and the assets were to be split between the club and the council. However, due to the council having put up the 2 million quid for the north stand and loans to keep the fcsl going it meant they now had the upper hand and why we no longer own but lease the land the stadium is built on. Funnily enough accountancy advice at this time was through KPMG and Gary deans. 175 years geez its even worse than was thought. It should be the boards long term ambition and plan to buy out the council. Put some numbers together with an independent valuation. See what the cost would be over a 45 year loan and the difference between the repayments and what the council rip up the club every year. Councils are strapped for cash so the club putting a casher on the table as a one off boost to their funds could well work. The status quo in not acceptable and the longer it goes on then the more money bleeds out the club. All that is needed is the ambition and the drive to do something about it. Post was most informative - respect 4 Quote Link to comment Share on other sites More sharing options...
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