- May 8, 2005
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- #1
Heard a little bit of reliable info for those interested. Not much but..
1: Comolli has been to South America four times in the last few weeks. (would presume there's some serious interest goin on there)
2: The reason the stadium announcement is taking so long is not the site or the transport. Its simply the financing. With property prices falling, its much harder to get the loans in place.
3: Ar5ena1 are seriously worried about the property market effecting their cashflow in the next few years. A large part of the loans they borrowed for the Emirates are secured against sales of Highbury Sqaure (the development of Highbury). With property prices falling, they are worried they will not be able to sell as quickly as they need to. These fears are already limiting their cashflow now
1: Comolli has been to South America four times in the last few weeks. (would presume there's some serious interest goin on there)
2: The reason the stadium announcement is taking so long is not the site or the transport. Its simply the financing. With property prices falling, its much harder to get the loans in place.
3: Ar5ena1 are seriously worried about the property market effecting their cashflow in the next few years. A large part of the loans they borrowed for the Emirates are secured against sales of Highbury Sqaure (the development of Highbury). With property prices falling, they are worried they will not be able to sell as quickly as they need to. These fears are already limiting their cashflow now