- Apr 1, 2005
- 41,363
- 74,893
Well these financial results are from June 2013, which would be before Joe's loan and before last summer's transfer activities. We have the new TV deal kicking in this season which should increase our revenues by about 40 million with no increase in expenses, and we also have the new sponsorship deal with AIA to come as well.
Specifically states the capitol investment from Joe and the AIA deal.
In addition to acquiring the non-core properties and financing the Phase 1 build, ENIC has supported the Club by way of an interest free, unsecured loan of £40m. This loan will be converted, subject to shareholder approval, into non-voting preference share capital. A circular will be dispatched to shareholders in due course.
We were delighted to be able to announce, subsequent to this period, a record new shirt partnership with one of the world’s leading insurance companies, AIA, for the next 5 years. AIA is the largest independent, publicly listed Pan-Asian life insurance group and we now have the opportunity to further extend our fan base in the Asian and Oceania continents.
Also mentions the stadium.
The sale of the properties has extinguished the Club's property borrowing which had accumulated over the last decade - a decade which has seen the club acquire over 18 acres of land, successfully relocate 72 businesses, with the majority staying in the area, and invest in excess of £100m in the stadium project.