BensGrandad
New member
Just a point of iterest who actually owns the new training ground is it BHAFC or another subsiduary company and we pay a rent as per The Amex as this would affect FFP.
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training groundj
- Thread starter BensGrandad
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TSB
Captain Hindsight
You been on the sauce, BG?
BensGrandad
New member
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- #3
No it is a question which I do not consider outrageous. The Amex is owned by a subsiduary company and we pay £1m a year to rent it. If we do the same for the training ground that would set us back a good few pounds and would make our profits a lot less for FFP than if the club actually owned it and paid nothing. I know TB financed it but was it on the same principal of a no interest non repayable loan exchangeable for more shares.
So we don't own the Amex then even though Mr Bloom has pumped in £120m to build it. I might sound stupid but why are we paying someone £1m a year for rent?
Barrel of Fun
Abort, retry, fail
The stadium is owned by a separate company, which Bloom is the majority shareholder. So the club pay the stadium company rent. Ergo, Bloom pays Bloom rent.
BensGrandad
New member
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- #7
That is what I am asking is the training ground set up the same way? How will the original finance get repaid if ever?
Thank you. I can sleep easily tonight and going to have a curry and settle down and watch the football league show. Have a nice evening.
TSB
Captain Hindsight
I meant due to your spelling and lack of punctuation.
BensGrandad
New member
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- #10
Obviously nobody knows the answer.
Trust in Tony
Banned
Maybe you will find the answer on Football Rumours.
True I don't know which company owns the training ground, but I do understand it has no relevance to FFP. This has been covered many times on here.
warmleyseagull
Well-known member
Youth development costs are excluded from FFP. See http://www.financialfairplay.co.uk/financial-fair-play-explained.php. So as regards FFP, the entity that owns the training ground is irrelevant as any rent paid by BHAFC will be excluded from FFP calc.
BensGrandad
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- #14
Thank you that explains a lot. I hadnt read that link