hackajack
Established Member
Dunno I'm not sure I'd want to look out on my memories every day.
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The Official Arsenal Board / Takeover etc thread
- Thread starter junialum
- Start date
- Replies 2,987
- Views 157,564
asajoseph
Established Member
banduan said:
At current prices, if you bought one of those flats you'd be getting ripped off. Give it a couple of years, and they'll start to hit the market again - you'll get a massive markdown on what they're currently being sold for.
Anyway, doesn't say a great deal beyond what's already been published in the financial reports, beyond giving at least one tangible step that the club has taken to mitigate the risk they're currently facing. As Stu correctly said, until that money's in the bank, it's not a sure-fire bet by any means. It could be starting start to make sense to a lot of people to default on their deposits right about now.
It's a case of 'watch-this-space' for the next 3-6 months, I think.
It's worth bearing in mind that the flats weren't priced at the peak of the market, but a year or so earlier. They can slip back a bit before they even get back to that level; add that to the fairly large deposits, and I don't think anyone is voluntarily walking away from their purchase. There may be a few people who can't get the loan they were counting on to complete.
hesham
Established Member
<a class="postlink" href="http://www.arsenalnewsreview.co.uk/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=1105&cntnt01origid=30&cntnt01returnid=42" onclick="window.open(this.href);return false;">http://www.arsenalnewsreview.co.uk/inde ... eturnid=42</a>
Arsenal shares being traded
Arsenal shares being traded
asajoseph
Established Member
Someone who was struggling to raise a mortgage for one of the Highbury Square appartments?
The irony would almost make it worthwhile...
hackajack
Established Member
I reckon that was keeping it in the family stuff - I'm sure you could squeeze more £££ out of Usmanov.
asajoseph
Established Member
You wouldn't trade across an exchange if you were simply giving your shares to a family member, and I'd bet that's where Myles has got his information from.
hackajack
Established Member
I think they still have to notify the exchange since shares are publicly traded. Hopefully it's Stan taking a few off one of the board's mates.
