wrencat1873 wrote:The debt is a loan from WMDC, very similar to having a mortgage on your house.
Once it's paid the clubs owners will have a extremely valuable asset.
As long as there are no issues with making the repayments, it's massively better than renting something that "we" will never own.
Again, correct.
Even though we have not paid it off, miles away yet, it still sits on our balance sheets as an asset. Giving us a better credit rating and making us more attractive as an investment (though clearly not in the truest sense).
It's like these members shares. You won't ever get a dividend, but if all goes well you will still have a shares in a company/team you love that in say ten years time with the land and the stand will have assets in excess of ten million. Not too shabby.