WOKINGMATT Posted November 13, 2008 Share Posted November 13, 2008 Hi all, I am currently playing as Woking and have just moved into a new stadium 3 months ago, my board told me that the payment for the new one would be offset by the sale of the old one (£7m) but i havnt seen that anywhere, does it take a while for the old ground to be sold? Or do I never see this money? Any help would be cool Link to post Share on other sites More sharing options...
Carl_272 Posted November 13, 2008 Share Posted November 13, 2008 The money from the old stadium goes towards the costs of the new stadium. Link to post Share on other sites More sharing options...
playmaker Posted November 13, 2008 Share Posted November 13, 2008 The money from the old stadium goes towards the costs of the new stadium. I think he knows that. What he is asking is how long that is likely to take. Link to post Share on other sites More sharing options...
SI Staff Riz Remes Posted November 13, 2008 SI Staff Share Posted November 13, 2008 The money received from selling the old stadium is already offset against the cost of the new stadium when that is being built. So it is not an extra source of income as such, just less money needed to invest in the new stadium. Link to post Share on other sites More sharing options...
gillsminnow Posted November 13, 2008 Share Posted November 13, 2008 Think he's looking for it to appear in his income. Link to post Share on other sites More sharing options...
SI Staff Riz Remes Posted November 13, 2008 SI Staff Share Posted November 13, 2008 Think he's looking for it to appear in his income. This would have shown up in the accounts at the time the new stadium was announced as that is when all the financing is setup. Link to post Share on other sites More sharing options...
glamdring Posted November 13, 2008 Share Posted November 13, 2008 When this happened to me at Werder Bremen my finance graphs all got irritatingly squashed up by £192 million income and £192 million expenditure in one month for a new stadium. The income was £40 million for selling the old stadium and £152 million from an enormous loan to cover the rest of the stadium cost so as far as the rest of my finances went that month it was all "as you were", except of course in following months I have massive loan repayments Link to post Share on other sites More sharing options...
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