Poor old Hearn Family
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Lifelongfan
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aylesburyos
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Re: Poor old Hearn Family
Eddie please tell Baz time to lreave our stadium & sell it back for what you got it for
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Yanzi Gravy
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Re: Poor old Hearn Family
They won’t sell assets especially ones they got got nothing. What is left has huge value if the club moves on.aylesburyos wrote: ↑Sun Sep 22, 2024 9:38 pm Eddie please tell Baz time to lreave our stadium & sell it back for what you got it for
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RedDwarf 1881
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RedDwarf 1881
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Orient Punxx
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Turk
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Re: Poor old Hearn Family
Can anyone remember what the deal was we get if Hearn sells Brisbane Road? In my head it was 50% of the profit so we’d get 50% of anything over £5m but not sure if that was only in play while he was owner.
I also have a feeling we only had a 20 year lease on the ground and he bought it in what 08 but this might have been extended.
I also have a feeling we only had a 20 year lease on the ground and he bought it in what 08 but this might have been extended.
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Hoover Attack
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Re: Poor old Hearn Family
Sold from LOFC to Matchroom for £6m. Hearn stated there was a clause that if Matchroom ever sold it on (which wasn't their intention), then they would share 50% of the profit with LOFC. So for arguments sake, it was sold on for £50m, the profit would be £44m and Matchroom would give £22m back to LOFC.
Matchroom then decided to sell it to Matchroom Pension Scheme for £6m, so no profit and nothing to pay to LOFC. But Porter and LOFT and LOFTs legal guy said it was all hunky dory.
Shafted good and proper.
Matchroom then decided to sell it to Matchroom Pension Scheme for £6m, so no profit and nothing to pay to LOFC. But Porter and LOFT and LOFTs legal guy said it was all hunky dory.
Shafted good and proper.
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RedDwarf 1881
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Max B Gold
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Re: Poor old Hearn Family
How long is the lease the club have?Hoover Attack wrote: ↑Thu Sep 26, 2024 9:15 am Sold from LOFC to Matchroom for £6m. Hearn stated there was a clause that if Matchroom ever sold it on (which wasn't their intention), then they would share 50% of the profit with LOFC. So for arguments sake, it was sold on for £50m, the profit would be £44m and Matchroom would give £22m back to LOFC.
Matchroom then decided to sell it to Matchroom Pension Scheme for £6m, so no profit and nothing to pay to LOFC. But Porter and LOFT and LOFTs legal guy said it was all hunky dory.
Shafted good and proper.