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Posts posted by ST1959

  1. On 14/04/2019 at 12:15, Red Arrow said:

    I have found some very positive comments on the Carlisle United forum from business man Andrew Lapping.

    Firstly here is Andrews background before I post his comments. 

    Non-Executive Chairman
    Andrew was a founding partner of Hamilton Capital Partners and is focused on sourcing investments, transaction structuring, banking and general fund management.

    Andrew also has extensive experience in property development and the construction and operation of hotels.

    Utilising his many years’ experience in corporate finance and taxation, Andrew has been responsible for initiating and structuring many of the commercial property and private equity transactions which Hamilton Portfolio has invested in over the past 15 years.

    Prior to establishing Hamilton Portfolio in 1999, Andrew spent 12 years with PricewaterhouseCoopers in corporate finance and tax. He is a member of the Chartered Institute of Taxation and is a non-executive director of several private companies. He is a non-executive board member of two AIM listed plc’s; Netplay plc and SRT plc.

    His comments are

    Replied by Laffy on topic New Workington stadium at last

    It looks like quite a smart way of doing it to be honest-I’m guessing council can underwrite a long lease and sell it to an annuity fund off about 40yp-say 2.5p yield with RPI increases, backed onto some commercial leases like the NHS.A lot of these deals about in the market as annuity funds are desperate for long term yield.

    To do this,you need a developer working with the Council-this would absolutely be my way of building a new BP.Its a variation of PFI but with the rate of interest being a fraction of the old PFI schemes.

    22 Mar 2019 20:50 #34by Laffy

    Replied by Laffy on topic New Workington stadium at last

    It’s a great deal-PFI type deal but off a much lower rate of interest and offset by some supporting development-I think it’s a great deal for all.Well done the council for a great ‘enabling’ development.

    Why Carlisle cannot follow the lead is beyond me.

    Replied by Laffy on topic New Workington stadium at last

    It’s very straightforward-long term interest rates are at an historic low so why not borrow money at 2pc pa for 50 years plus-pension funds love government backed loans as they are perceived as ultra low risk.

    Then lay off some of the annual interest cost by building some nice pre let commercial property alongside.

    But it’s not just about the cash.Allerdale will have a state of the art stadium which will lift the area and encourage further development.

    It’s exactly how Carlisle should go about rebuilding BP


    All very positive, would  be helpful if the local press interviewed a man like this,it would change alot of peoples opinion .


  2. thought town threw the ball about better than weve seen all season just a pity they didnt have it that much With a week to prepare for Good friday things arent as bad as some are saying Remember wrer playing whitehaven not leeds who had quite a few regular first team internationals and full timers UTT

  3. 1 minute ago, The Voodooguru said:

    That means absolutely nothing to me pal ? Is there somewhere to stand that isnt behind the posts?

    South stand is open which is where majority of leeds fans stand and where the noisy band is Lets hope we can drown them out with town songs Just picked tickets up from town shop UTT


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