HHP Funding in place....

James Brent has released details of his funding 'Plan B'

Dougie wrote:

James Brent has released details of his funding 'Plan B'

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The letter is carefully worded to appear to be supportive whilst in fact offering heavily contingent support with that support obviously contingent on getting the units sold. To that end the Odeon appears to be on board, still, and we have been assured that 70% of the total is already signed up so either we're all geared up for an imminent start or... we're not. The letter is interpretable however you want to interpret it.

We need some straight answers here as to where we are. Exactly what is the hold up now? Surely with The Odeon + 70% there is already enough ink on paper to get a scaled-down HHP going? But it hasn't started yet so obviously not. And what is meant by "a scaled-down HHP" anyway?

If it means building the despised mini-stand, not hiving off the corners and not encircling the ground with suffocating development then it is possible that Home Park could be extended in the future and all of a sudden it looks like a far more supportable option - as far as I am concerned at least. Bit we don't know.

So what is it that Brent is actually hawking around now? Is it HHP, still, or is it HHPlite and if it is the latter then what is that? If it isn't actually anything yet then why not get fans on-board and consult them/us about what we want or at least let us know a budget that we have to work to so that we can get a handle on what might be possible.

And if none of it is possible then why has the relationship between PAFC and PCC broken down so badly and how can we set about healing the divide between them so that PCC just might be inclined to help?

Dougie wrote:

James Brent has released details of his funding 'Plan B'

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Proper LOL.

Dougie wrote:

James Brent has released details of his funding 'Plan B'

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Quality Dougie.!

Brilliant Dougie

stick it on porkys twatter

In fairness, this letter was at least delivered and not "stuck in traffic".

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More last minute clutching at straws from Brent's propaganda machine

Look and you see a men of straw - this is entering the rediculous stage, I am a proud to have supported this club for most of my life (58 next week) but do one Brent, you are not our saviour!!

Last throw of the dice BRENT HERALD TO THE RESCUE (It took them two days to agree on the wording)

A MAJOR financial firm says it would be “very interested” in funding £50million plans for a cinema, ice rink and new grandstand at Home Park.

Plymouth Argyle published a letter from Legal and General Investment Management following concerns about the viability of the much-delayed plans for Higher Home Park.

The club said earlier this month that a rival development project which would see a cinema built at Bretonside could threaten the project – and in turn Argyle.

Legal and General funded the Barbican Leisure Park, which boasts the city’s largest cinema, and is behind much of the £350million regeneration of Millbay.

Fund manager Andrew Ferguson said in a letter to Argyle chairman James Brent dated December 12: “Your scheme at Higher Home Park would form a similar long-term hold for us. As one of the largest investors into the UK leisure market, we are confident that the scheme is viable”

Mr Ferguson said the company has “substantial capital resources” to finance such schemes and would be interested in funding the project subject to a raft of conditions.

“The design of the scheme is critical to delivering a full line up of tenants who are keen to be represented in within Plymouth an support the cinema operator, Odeon,” he added.

“We believe Higher Home Park is an exciting project, which will materially enhance Plymouth’s leisure offering whilst also providing a catalyst to support the longer-term sustainability of Plymouth Argyle.”

The Home Park plans were approved by Plymouth City Council in August 2013 but work is yet to begin.

Comments

headv | Saturday, December 20 2014, 4:52AM

I find it a waste of time to post in Mr Brent Herald, like a lot of poster's from Argyle Talk Democratic (the only independent Argyle web site) most of our post are deleted with no justification, only that it disagree with Mr Brent's plans.

Hugh-Jarse  |  December 19 2014, 10:44PM

As the Herald appeared to miss it, here is the most telling part of this so called ''offer of funding'' ''Please note that this does not constitute an offer nor is it intended to create any legally binding obligation on the part of Legal & General investment management, it affiliates or any of the funds under their control'' I'm surprised the Herald forgot to mention this part of the letter (cough, cough), anyway the letter clearly states without any ambiguity this is not a letter confirming funding but actually a piece of fluff possibly from an associate of James Brent with an interest in Barbican leisure park committing to a grand total of nothing at all. Frankly a rather desperate and rather heavy handed attempt to deflect attention (and one that had totally failed)

hello_world  |  December 19 2014, 10:27PM

More empty promises. Brent has been making promises he can't fund for years. Pavilions redevelopment, where is it? Civic Center redevelopment, where is it? Home Park redevelopment, where is it? Add to the list his hotels that are going bankrupt and you will see what type of man James Brent is

jonjoslime  |  December 19 2014, 9:20PM

This was a party political broadcast from the Plymouth Daily Brent


firkinjeffery  |  December 19 2014, 9:08PM

In a nutshell Brent has no £££s

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Of the many ironies that pervade the club at the moment perhaps the most extraordinary is that of Peter Jones trying to pull out all the PR stops for Brent. This is the man who used multiple accounts in the social media everyday for years to ridicule the Stapleton era with, amongst many others, the mantra 'Players not Property'. Staggering hypocrisy on display now from this self-centred parasite.

Still, if we didn't know before we know fore shore now that newspapers are little better than broadcast channels for those with influence. Even tinpot little locals rags like The Herald.

At least Murdoch owns The Sun and the chicanery is all out in the open. Here the people of Plymouth, mostly, have no idea at all of the level of manipulation: Webb's column, favourable front pages on request, critical comments on the website deleted, lack of dispassionate questioning - all we're missing is the gushing editorial comment... Goebbels was an amateur in comparison.

What shocks here is how easily the Herald's subservience has been achieved.

why the need for a cinema? just build an ice arena a decent one with an rink for ice events/basketball and whatever else that could be homed there and a rink for the public to use in the same building. that would make more money than a cinema imo.

Oh and build a top notch grandstand that is grand and not cheap and small.

Sorry to sound like the pig, but this Grand Grandstand, who pays for it's construction?

The profits from the Cinema, Hotel, Retail outlets etc construction and leasing + a further shakedown of the PCC.

Angry deleted the cinema, The hotel, nobody would pay for............... the retail outlets are proving hard to let because of the premium required to build a mere ministand and PCC wont defend more expenditure on a football team in this austere age and with an election in May, what's your plan B?

Edits for my bad spelling.

Angry wrote:

why the need for a cinema? just build an ice arena a decent one with an rink for ice events/basketball and whatever else that could be homed there and a rink for the public to use in the same building. that would make more money than a cinema imo.

Oh and build a top notch grandstand that is grand and not cheap and small.

Because an arena for ice/basketball/concerts on its own doesn't pay. Many moons ago I was in a position to speak with the country's two major arena operators - both willing to operate an arena in Plymouth on a split profit basis but both saying that building one doesn't pay. It must be either part of a larger project or built with funds from the public purse.

PatDunne wrote:

Angry deleted the cinema............... the retail outlets are proving hard to let because of the premium required to build a mere ministand and PCC wnt defend more expenditure on a football team in this austere age and with an election in May, what's your plan B?

Brent apparently has an HHP-lite alternative but that still includes the Cinema and retail outlets as a minimum - He's saying Bretonside will scupper even this AND he still wants a shed load more money from PCC. It's the perfect storm. His Plan B must surely be getting the hell out of Dodge.

Hitch wrote:

PatDunne wrote:

Angry deleted the cinema............... the retail outlets are proving hard to let because of the premium required to build a mere ministand and PCC wnt defend more expenditure on a football team in this austere age and with an election in May, what's your plan B?

Brent apparently has an HHP-lite alternative but that still includes the Cinema and retail outlets as a minimum - He's saying Bretonside will scupper even this AND he still wants a shed load more money from PCC. It's the perfect storm. His Plan B must surely be getting the hell out of Dodge.

Word is he's after more than £2m for the club and that's not including the land he asset-stripped from the club.

At that price he's going to be in Dodge City for some time to come.

Do you know if the £2 million includes the rest of the administration debts that he hasn't paid?

Frank Bullitt wrote:

Do you know if the £2 million includes the rest of the administration debts that he hasn't paid?

What do you think, Frank.................................

I reckon he was hoping to box the club in, making it village enough for the likes of the windsor boys to buy, with a generous sponsor providing the pay off. He'd still own the land and receive rent but not have to deal with the riffraff any longer.

Frank Bullitt wrote:

Do you know if the £2 million includes the rest of the administration debts that he hasn't paid?

Probably not but it depends on how you define what counts as admin debt. It could be closer to definitely not.

When I said upwards of £2m the figure bandied about was £5M with about £2M as the barest mininum possible.

In fact that was less than the lowest possible figure which was a suggested £2.2m and I rounded down to the whole number.

Sir Francis Drake wrote:

Still, if we didn't know before we know fore shore now that newspapers are little better than broadcast channels for those with influence. Even tinpot little locals rags like The Herald.

At least Murdoch owns The Sun and the chicanery is all out in the open. Here the people of Plymouth, mostly, have no idea at all of the level of manipulation: Webb's column, favourable front pages on request, critical comments on the website deleted, lack of dispassionate questioning - all we're missing is the gushing editorial comment... Goebbels was an amateur in comparison.

What shocks here is how easily the Herald's subservience has been achieved.

One of the (many) things that pisses me off about all this is the way so many of the decision makers, money men and related PR operatives / minders seem to think that everybody in Plymouth is thick as shite, has the memory of a goldfish, or of course both.

Not that there aren't some who fit that description, mind.

Sir Francis Drake wrote:

Hitch wrote:

PatDunne wrote:

Angry deleted the cinema............... the retail outlets are proving hard to let because of the premium required to build a mere ministand and PCC wnt defend more expenditure on a football team in this austere age and with an election in May, what's your plan B?

Brent apparently has an HHP-lite alternative but that still includes the Cinema and retail outlets as a minimum - He's saying Bretonside will scupper even this AND he still wants a shed load more money from PCC. It's the perfect storm. His Plan B must surely be getting the hell out of Dodge.

Word is he's after more than £2m for the club and that's not including the land he asset-stripped from the club.

At that price he's going to be in Dodge City for some time to come.

I suppose if he can somehow borrow the money to buy back the freehold, the team get a promotion with a resultant upswing in attendance, L&G don't mind the Bretonside development enough to pull out altogether, PCC cave and put more money into the HHP grandstand/scheme - somebody somewhere might think the whole package is worth a punt. Many more stars have to align now and as it stands at the moment the club is surely just un-buyable for anybody, whether or nor Brent wants £2 mill. I wonder if L&G would want to buy the freehold from Brent at some point to go along with a possible HHP-lite investment?

Personally speaking, in the present climate, with Brent's rep clearly in tatters, I don't see this perfect storm just blowing itself out without taking casualties.