Escla wrote: ↑Thu Feb 01, 2024 8:53 am
Or in simple terms you don’t own your own house until the mortgage is completely paid off.
You do own the house though. There's just debt on it.
The stadium will be an asset on our balance sheet with debt as a liability. If we don't pay the terms of the debt the senior lender who has taken the stadium as security can collect on their debt by taken the collateral.
We should be able to re-finance the debt at a lowish rate for a long amortization. Ideally that with the increase in matchday revenue should improve our financial position.
The concern will come if the debt is not on great terms, given our financial position it's possible we won't have a long line of potential lenders at the door and those that are their may charge a higher rate due to the increased risk.
Overall I have concerns still over BMD and it's impact in the short-term (next 5 years). I do think if we can stay in the Prem that long-term we will benefit.