Proposed Agenda for WST EGM 2019

[krux]

Originally Posted by -luke

So... If im not misunderstanding...

£1,000,000 valuation
100 year lease
£10,000 per year

Let me get my chequebook because that sounds like a lucrative deal which I would love to invest in

Isn't it £100k per year?

Anyway the lease on the ground allows you to generate revenue. Its not an investment in itself.

Its like a lease on a shop. You still have to do something to attract rvenue
Posted via mobile theme

[Inside Left]

Originally Posted by krux

Because we have the right to use to use it and derive economic benefits from it in the long term. Its not like we are renting it year to year. The concerts is a nice simple example of this.

Ita not the same as owning it, as there will be restrictions, but it us still an asset. Hence it being on the books as such.
Posted via mobile theme

Have you read the agreement ?

[-luke]

Originally Posted by krux

Isn't it £100k per year?

Anyway the lease on the ground allows you to generate revenue. Its not an investment in itself.

Its like a lease on a shop. You still have to do something to attract rvenue
Posted via mobile theme

Whats 100 x 100k?

Try again

[Inside Left]

Originally Posted by Liverpool Red

The WST clearly think the club has assets because they incorporated a company called WST Assets Ltd. If you look at the balance sheet of that company, the accountants value the lease of the ground at more than £1 million. That, together, with the moves that have been made to improve the ground to make it fit to hold events clearly suggests those in power believe there is money to be made from the club’s lease of the ground.

Most sports clubs have separate at arms lengths companies to protect the various sections of those clubs. In the WST case it was formed without the knowledge of the members.
I personally felt notice should have been given to members. Many on here would disagree and have blind faith in the system.

[krux]

Originally Posted by -luke

Whats 100 x 100k?

Try again

I'm fairly sure then lease is 100k per year...
Posted via mobile theme

[dixienormous]

Originally Posted by krux

I'm fairly sure then lease is 100k per year...
Posted via mobile theme

You're right, it is.

[-luke]

Originally Posted by krux

I'm fairly sure then lease is 100k per year...
Posted via mobile theme

Yes it is...

We have to pay 100k per year

Thats not what we make on it though is it. Therefore not an asset.

[Birdy]

Anyway lets get back on topic, why people are not sending their emails in is beyond me. Lets get EGM done.

[FieldtownRed]

Originally Posted by -luke

Yes it is...

We have to pay 100k per year

Thats not what we make on it though is it. Therefore not an asset.

From investopedia:

“What Is an Asset?
An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.”

I’d say it’s an asset to us.