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Peter Etherington's avatar

Thanks for sharing your thoughts, Rob. To you and me, the promises the new stadium sponsors are making seem implausible and frankly baffling. Others will take them at face value, though, and stump up for a slice of the dream. For their sake, I hope we're both wrong and it all goes swimmingly.

Perhaps the acid test is if the club owners themselves are willing invest in these schemes. For them, however, a 25k loss is probably easier to shrug off than your average fan in the stands. I wonder if any of the Bromley board at the time put money into Buy2LetCars?

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Rob Shirley's avatar

Peter, so much to respond too, but being on holiday with only my iPhone it would take ages to reply to everything.

I first, tongue in cheek, noted on the forum the fantastic returns available from Reloc8 EM. To offer £185,000.00 on a £25,000.00 investment ‘guaranteed’ is without doubt a nonsense, does this sponsorship come with a club endorsement, no, the same as the roofing company who pays for his perimeter board doesn’t. However the game changer is when the Chairman in open forum confidently says “we have done our due diligence, they paid their sponsorship money in full” it gives an air of credibility to the scheme.

Quite what due diligence the club did is what bothers me. Within five minutes of company checks, website scanning and linked in investigation the only thing that screamed out to me was “walk away old son”.

If the scheme is water tight and the club are short of cash to finish the terrace roof why not invest in Reloc8 EM and get the money that way. If AW’s budget is as low as we are led to believe, invest the whole budget with Reloc8 EM we would make Wrexham look like paupers.

I’m not sure whether Sourced Property who it appears Reloc8 EM are a franchisee of (same scenario as cars to let) are registered with the FCA, surely the club would have been satisfied that they are from their due diligence.

My point would be, if a company is offering £185k return for a minimal £25k investment which apparently the investor gets back, why would they need investor's.

I’m back for the Gateshead game, if you’re there, let’s have a chat, Mash will point me out.

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