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Debenture Offer April 2008.Pdf ’ Contents A Letter from the Chairman 6 A Summary of the Grand Stand Bronze Debenture-Seat Scheme 9 Map of the Ground 11 The Grand Stand 12 Frequently Asked Questions & Answers on Purchasing a Grand Stand Bronze Debenture 14 What Next ? 17 OVer Terms 18 section i—General Information 18 section 11—Risk Factors 20 section 111—Debenture Terms and Conditions 21 3 section 1v—Financial Information 27 section v—Application and Allocation Procedure 37 section vi—Definitions 37 Application Form 41 Heaven the first morning of a Lord’s Test a full house a breathless hush the England No 1 has reached 99 a blue sky you’re a million miles from the oYce the Champagne is on ice and your seat and your view is guaranteed for many years to come 4 A Letter from the Chairman The new issue of Grand Stand Bronze Debentures, which will give their holders the right to 2011 purchase tickets for Debenture Match Days at Lord’s for eight Cricket Seasons starting from England v Sri Lanka (Test Match) the 2009 Cricket Season (the year of the next Ashes series), is now available. The terms on England v India (Test Match) which such Debentures are being oVered are set out in this document. England v India (One-Day International) Although the right to buy tickets under the new Debentures will not start until the 2009 Cricket Friends Provident Trophy Final Season, m.c.c. will endeavour, without being bound to do so, to meet 2008 Cricket Season Applications from members of the public and corporate entities are welcome. ticket requests for Grand Stand seats from applicants who are allocated new Debentures, under this oVer. Applicants should note that there is no guarantee that such requests will be The Debentures are structured in such a way that the seat allocation benefits are only applicable honoured and the Club will accept no liability if it fails to do so. for eight Cricket Seasons, but the loan to m.c.c. is not repayable for 75 years and, given the OVers of debentures in 2007 and in 2008 resulted in the sale of 1,544 of various types of fact that no interest is paid on the loan, it should be appreciated that the monetary value of debentures and, at this time, there are 1,053 new Debentures available. m.c.c. expects that these the eventual repayment will be severely eroded. Please refer to Question 1 on page 14 and to remaining Debentures will be sold before the start of the Ashes season, particularly as there are further details on page 20. seven i.c.c. World Twenty20 England 2009 Match Days scheduled to be held at Lord’s in the You may have read in the press about the plans which m.c.c. has for rebuilding, in due course, 2009 Cricket Season in addition to the normal Test matches and One Day Internationals. three of the older stands in the Ground. This work, which is subject to planning permission, The e.c.b. has recently allocated certain matches for the 2010 and 2011 Cricket Seasons and the does not include any alterations to the Grand Stand to which the new Debentures relate. 7 matches that Lord’s is due to stage in the 2009, 2010 and 2011 Cricket Seasons are listed below. There is no doubt that the best way of choosing your Debenture seats is to visit Lord’s and 6 2009 7 take a bespoke tour of the Ground. To arrange this, or for further information, please contact England v Zimbabwe (Test Match) the Debenture Administrator, m.c.c., Lord’s Cricket Ground, London, nw8 8qn (telephone: Seven I C C World Twenty20 England 2009 Match Days 020 7616 8726; fax: 020 7616 8666; e-mail: [email protected]). England v Australia (Test Match) Friends Provident Trophy Final I very much hope that you will join us as a valued Debenture holder at Lord’s. England v Australia (One-Day International 1) England v Australia (One-Day International 2) 2010 M.C.C. is awaiting tender documents to enable the Club to bid for a Test Match during the first part of the 2010 Cricket Season England v West Indies (Test Match) Charles Fry, Club Chairman m.c.c. England v West Indies (One-Day International) England v Australia (One-Day International) Friends Provident Trophy Final The Mound Stand Debenture seating 21st July 2005 England celebrate after taking a wicket A Summary against Australia during the Ashes Test In 2009, Australia return to Lord’s of the Grand Stand Bronze Debenture-Seat Scheme • The entitlement to buy a ticket at face value for your own designated seat in the Upper Grand Stand at Lord’s for all Test Matches, One-Day Internationals and the e.c.b. Trophy Final together with any Middlesex Twenty20 matches. • Access to tickets for the i.c.c. World Twenty20 England 2009 Match Days at Lord’s, including the final of the i.c.c. World Twenty20 England 2009. • Complimentary access to the Ground on all Other Match Days at Lord’s including Middlesex matches (other than those in the Twenty20 Cup Competition) m.c.c. matches, Oxford v. Cambridge, Eton v. Harrow and the Finals of the Club, Village, Minor Counties and Universities Challenge Competitions. • Ticket holders will have exclusive access to the Debenture bars in the Upper Grand Stand. • All purchasers are welcome (including corporate and non m.c.c. Members) • The Price of a Debenture is £8,000 (see page 37), the majority of which is repayable in 7 years. • m.c.c. may oVer to purchase the rights to tickets at a premium for some days each year 8 (as decided annually)—see pages 22 and 23. 9 • Debenture holders will need to purchase tickets for Debenture Match Days they wish to attend prior to 1st March each year, after which date their seats may be sold to other buyers. • Debentures will be sold on a first come first served basis. The above constitutes a summary of the key rights attaching to the Debentures. Those rights, as well as the oVer and issue of the Debentures, are subject to conditions and are governed by the Terms and Conditions set out on pages 18 to 39 of this document and the enclosed Application Form. Applicants should read the whole of this document before applying for Debentures. L O R D ’ S G R O U N D London NW8 8QN MARYLEBONE S TAT ION GR O V E E N D RO A D MARKETING K E Y & CATERING Lavatories OFFICES MIDDLESEX C.C.C. TICKET OFFICE MUSEUM OFFICE & SHOP LIBRARY Pimm’s, Wine & Champagne Lavatories for the Disabled TENNIS COURT i Information Point Thomas Lord Harris Harris SQUASH COURTS Memorial Garden Coronation S Scorecard Sales LORD’S TAVERN Suite * Garden Brasserie RECEPTION Garden Bar & Brasserie A Ambulance M.C.C. TOURS & Eating & Drinking Facility MEMBERSHIP OFFICE Meeting MAID A Back of the Pavilion CRICKET VA L E Grace Gate OFFICES Point Score i Major Match days only STAT I O N i Board A Coach * Mound S Ice Cream Van* ALLEN PAVILION DAILY TICKET SALES Wheelchair STAND Enclosure WARNER STAND Warner Mezzanine Restaurant Confectionery Van S T J O H N ’ S First Aid TAVERN STAND Father Time Bar Tavern Tavern Concourse Bar Bicentenary Gate GRAND STAND POLICE ROOM Grand Stand Restaurant Wheelchair W Enclosure O O D Cricketers’ Bar UPPER GRAND STAND HEAD STEWARD DEBENTURES & LOST PROPERTY Behind the Mound Stand MOUND RO STAND AD EDRICH INVESTEC COMPTON STAND MEDIA STAND Coffee* S CENTRE East Gate North Clock Tower Entrances Outfield Replay Screen Score PRINTING Bar Board Behind OFFICE Mound Stand TICKET COLLECTION POINT EUROPEAN CRICKET 10 Full Toss Bar OFFICE 11 LORD’S SHOP First LORD’S SHOP* Aid BETTING FACILITY* BETTING FACILITY* BA KER S T R E E T Picnic S ST JOHN’S W E.C.B. * STAT I O N OFFICES Area i FOOD VILLAGE* DAILY TICKET SALES NURSERY GR O U N D WELLIN O O D INDOOR CRICKET SCHOOL & North GT G YMNASIUM Gate O N P L A RO Entrances A D S N U R S E R Y PAV I L I O N C E N Vehicle Entrance Designed by Jules Akel (www.akel.co.uk)—June 2007 edition© yards 10 20 30 40 50 WELLING TO N RO A D ST JOHN’S W O O D S TAT I O N Lord’s will be hosting I C C World Twenty20 England 2009 Match Days Built in 1997–98, the attractive Upper Grand Stand consists entirely of Debenture seats. Grand Stand Bronze Debenture ticket holders have access to the two Debenture bars in the Upper Grand Stand. There is also a dedicated and convenient picnic-hamper collection point for Debenture Holders. Grand Stand Bronze Debentures give you the right to buy a ticket for your designated seat for eight Cricket Seasons. These Debentures cost £8,000 (of which £7,00 is repayable in 7 years). 12 13 Frequently Asked Questions & Answers on purchasing a Grand Stand Bronze Debenture The Grand Stand Debenture seating q1: Why are the Debentures structured as a loan repayable after 7 years ? a1: Structuring the Debentures as loans repayable after 7 years (as opposed to oVering the Debentures for an equivalent non-repayable capital payment) has financial benefits for the Club. You should note that the loan will not attract any interest or dividend. This, combined with the 7-year term, means that the “value” of the repayment of the loan will be severely eroded by the eVects of inXation.
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