Groundhog stadium renaming day
Posted: Sat Jun 15, 2019 1:54 pm
Ever think you are reliving the same day over and over again? Back in February Hope CBD told us they were standing aside from the naming of the stadium to allow new sponsors Foy part of WSA Holdings to take over. In the biggest ever (where have we heard that before!) 5 year deal worth £750,000 the Stadium was to be rebranded as the Fountain of Youth Stadium. Quite like the name actually. In addition Foys were going to build a wellness clinic at the ground employing up to 20 people while paying for a new TV gantry and indoor media centre. Fast-forward to the Advertiser last week and the same deal has been announced again only this time no mention of a TV gantry and media centre, the money is going to the youth academy. Doesn't it always?
So where is the £750,000 coming from? Foys were set up in April last year with 10k capital and have yet to publish accounts. But not to worry Foys are part of WSA Holdings but wait a minute they were only set up in August last year with £100 capital and they haven’t published accounts either. Perhaps the money is coming from one of the other companies that our sponsors are directors of viz. Spanish Mortgage and Loan Compensation Ltd but they haven’t published accounts either.
It sounds to me like the business men behind this deal have had an idea but have yet to attract the necessary financial backing to build their clinic. Hopefully I’m proved wrong but can anyone remember Nevis Sport and Superseal!!! Given we are now entering our 6th year in the SPFL you would think that there is an established financially proven to be sound company out there that would like to sponsor us.
So where is the £750,000 coming from? Foys were set up in April last year with 10k capital and have yet to publish accounts. But not to worry Foys are part of WSA Holdings but wait a minute they were only set up in August last year with £100 capital and they haven’t published accounts either. Perhaps the money is coming from one of the other companies that our sponsors are directors of viz. Spanish Mortgage and Loan Compensation Ltd but they haven’t published accounts either.
It sounds to me like the business men behind this deal have had an idea but have yet to attract the necessary financial backing to build their clinic. Hopefully I’m proved wrong but can anyone remember Nevis Sport and Superseal!!! Given we are now entering our 6th year in the SPFL you would think that there is an established financially proven to be sound company out there that would like to sponsor us.