EDL s.c.a. end of year: Profit!

[fizzog]

But as you say, it's, essentially, a gigantic problem. I wonder if it could be calculated, in years, how long it would take to pay off the debt all things considered, estimates of course. Anyone?

[Zarniwoop]

Originally Posted by fizzog

But as you say, it's, essentially, a gigantic problem. I wonder if it could be calculated, in years, how long it would take to pay off the debt all things considered, estimates of course. Anyone?

At todays speed, it'll take some 30 years..

[TDLFAN]

Whatever profit they made, I hope they use it to clean the park.

[yesitsme]

Originally Posted by Zarniwoop

A good thing is that they've got over € 350 million in cash.

Btw, the new CEO said in an interview that DLRP should get an e-ticket attraction in 2012.. and the project could start next year.

an E-ticket as in one E-ticket? so that means Ratatouille OR Little Mermaid then I guess?

I don't really get why DLRP has this much debt in the first place. I know the initial build of the resort cost billions but shouldn't most of it have been paid by TWDC etc? I don't understand why they didn't as they could have made the money back from resort without cripeling it with debt or paying huge amounts of interest to the banks.

[Sir_Cliff]

Originally Posted by fizzog

But as you say, it's, essentially, a gigantic problem. I wonder if it could be calculated, in years, how long it would take to pay off the debt all things considered, estimates of course. Anyone?

If the 30 years figure is correct, then DLP would be 45-46 years old before the original debt was paid off. So think Disneyland in 2000-2001. And presumably that assumes things continue to go as well as they have in recent years.

The enormity of the problem makes you think DLRP needs a DCA-level of investment just in paying off most of the debt. That would presumably result in tens of millions of Euros in extra profits right away in lower interest payments. Perhaps that wouldn't make financial sense for any of the individual investors, though, and they're content just to plod along and hope things continue to get a little better and a little more of the debt can be paid off with each passing year. The problem is that it seems to leave the resort in a perpetual state of purgatory without enough money for upkeep or the expansion the resort needs.

[fizzog]

It really is a dreadful situation. Well, not compared to poverty but you know what I mean. From a really naive viewpoint here: how could somewhere so amazing be in so much financial trouble? Ah well.

[Sir_Cliff]

Originally Posted by fizzog

It really is a dreadful situation. Well, not compared to poverty but you know what I mean. From a really naive viewpoint here: how could somewhere so amazing be in so much financial trouble? Ah well.

What is amazing is that, for example, I was there on a drizzly Thursday afternoon in May this year outside of holidays and it was pretty packed. We got there while the early entry morning entry was going on for hotel guests and their seemed to be loads of them and the crowds didn't seem to have subsided at all by closing time at 7pm. Looking at all of that I couldn't fathom how the place could be losing money, but when you look at then tens of millions of Euros they're having to spend just to pay interest on the debt let alone pay it off, it all begins to make sense.