that we’ve diversified the investor base to secure our medium term plans.
We haven’t got £105m to fund us through the next couple of transfer windows and go shoot-or-bust for a PL push. Instead we’ve raised the capital to cover our losses and take our spending to the maximum permitted for a number of years, while spending a chunk on infrastructure. Training ground, cat one etc.
The new money will come in as a share purchase. Three lions have also invested more money, ORG haven’t, and are having their equity diluted as a result. This is entirely normal. They wouldn’t want to fund us solely forever, and the other investors will bring skills and contacts over and above the money.
£105m is a lot … but I’d have thought we will burn through it in 3-4 years. Nevertheless having the medium term funding secured is a significant step, and those of us (and opposing fans) who worried about our ability to fund ourselves should we not get promoted should be reassured (or disappointed).
I don’t think this is going to be enough to fund a new Cobbold stand though. That will require a lot more planning
|  |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
