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Finch Farm for sale (£15.3m)


Louis

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I would have thought it would have made financial sense for one of Everton's main shareholders to buy the land and loan it back to the club. It seems like a full proof investment, and considering some on the board are very wealthy indeed they could help kill two birds with one stone so to speak. They would get a guarenteed payment back from the club every year, and if it took their fancy they could also reduce the rate we pay. If he could then leave us as the beneficiaries in their will when they die then would also be good.

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  • 9 months later...
Guest blueboy122

 

 

 

They rent it to us.

 

Ah yes sorry with you now. Essentially if Capital ram sold the site to someone else, could the new owners charge us double what we have been paying previously? Therefore potentially leaving us to train in Sefton park because we can't afford the new rent that the new owners are charging?

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Guest blueboy122

No, it's all in a contract that specifies the amount of rent that will be charged.

 

Personally, I'm wondering whether the club are interested in buying Finch Farm

 

What benefit would it be?

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Well as some one else points out above, it's 1.2 million a year to rent for a 50 year contract. If we buy it outright it'll only cost us 15mil excluding VAT ( providing the asking price hasn't changed). That's a significant difference, albeit money spread over a long period.

 

Ha ha I didn't see that two people had already replied to the 'what benefit?' question! Seems i also need to read the whole thread before I post!

Edited by MoyesForPM
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  • 9 months later...

http://www.london-gazette.co.uk/issues/60518/notices/1831673/all=05798738

 

Date: 28 May 2013 Issue Number: 60518 Page number: 10479

Publication Date: Tuesday, 28 May 2013

 

Notice Code: 2442

 

Meetings of Creditors

 

FINCH FARM LIMITED

 

(Company Number 05798738)

 

Recovery House, 15-17 Roebuck Road, Hainault Business Park, Ilford, Essex IG6 3TU

 

Principal Trading Address: Suite 1 Burney Court, 113 Manor Road, Chigwell, Essex IG7 5PS

 

Notice is hereby given pursuant to Section 98 of the Insolvency Act 1986 that a meeting of creditors of the above named Company will be held at Recovery House, Hainault Business Park, 15-17 Roebuck Road, Ilford, Essex IG6 3TU on 7 June 2013 at 10.30 am for the purposes mentioned in Sections 99 to 101 of the said Act.

 

Creditors wishing to vote at the meeting must lodge their proxy, together with a full statement of account at the registered office - Recovery House, Hainault Business Park, 15-17 Roebuck Road, Ilford, Essex IG6 3TU not later than 12 noon on 6 June 2013.

 

For the purposes of voting, a secured creditor is required (unless he surrenders his security) to lodge at Recovery House, Hainault Business Park, 15-17 Roebuck Road, Ilford, Essex IG6 3TU before the meeting, a statement giving particulars of his security, the date when it was given and the value at which it is assessed.

 

Notice is further given that prior to the meeting Allan John Clark of Carter Clark, Recovery House, Hainault Business Park, 15-17 Roebuck Road, Ilford, Essex IG6 3TU, who is qualified to act as an Insolvency Practitioner (IP Number 8760), will furnish creditors free of charge with such information concerning the Company’s affairs as they may reasonably require. The telephone number of Allan John Clark is 020 8524 1447. Ryan Sinclair who can be contacted on 020 8559 5092 will be able to assist with enquiries by creditors.

 

Resolutions to be taken at the aforementioned meeting may include a resolution specifying the terms on which the Liquidator is to be remunerated. The meeting may also receive information about or be called upon to approve the costs of preparing the statement of affairs and convening the meeting.

 

15 May 2013

 

 

Marco Stellon Director

 

(1831673)

They're (the company, not Everton, Everton don't own Finch Farm) four months behind with accounts and a fortnight behind with the Annual Return. Either the company is going to be closed/wound up or they'll file accounts. If it's being wound up, it probably means that Finch Farm has been sold.

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I'm not sure that's a good thing or a bad thing. Could we see a 300 strong housing estate on our beloved training facilities?

 

Pretty sure we're "sitting tenants", Whoever bought it did so in the knowledge that we'd be there for the long term.

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