Deleted
Joined: January 1970
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Post by Deleted on Dec 9, 2014 21:33:42 GMT
Yes they are. Subject to onerous conditions. That was the wording I believe. If the conditions are satisfied, which I think they have been, then its down to the QC's to find a wrinkle. Is there one? My personal opinion is that if there was it would already be out in the open. I suspect that Sainsburys are negotiating the terms of the cancellation of the contract, hence the silence. On that basis the UWE is dead unless alternative funding is found, I believe. Where does that leave the business plan....no impact, because there wasn't one.
How are we able to confirm that Sainsburys are contractually obligated to buy the land? Its called a signature
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Deleted
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Post by Deleted on Dec 9, 2014 21:34:59 GMT
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Deleted
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Post by Deleted on Dec 9, 2014 21:52:29 GMT
Ah OK, cheers
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 9:00:05 GMT
It would be interesting to know what Chris Jelf's immediate to short term (2/3 years) plans are in terms of being a board member. 40% increase on profits this year up to 6.5m for 2014, and dividends raised to set incentives for a takeover bid. Seem to recall loose forum talk a while ago about him, not sure if it was talk of him challenging the hot seat or distancing himself from the board. Profits of what? His own business? Jelf Group. Remember though, although Chris Jelf founded the business and is a reasonably large shareholder, the business is now public and he's not THE major shareholder, nor does he run it - he's deputy chair.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 9:07:03 GMT
So, 5 to 10 million in compo, or 31 million and have a big addition to their land bank. I think the second makes most sense, after all the price of land never goes down The price will go down if you pay over the odds for it, if the land is not suitable for a supermarket etc then it's only value is for housing? That could well be Sainsbury's argument, whether that stands up in court is anybodies guess. But if we take say £10m in compo, then pay off the debts/loans it doesn't leave a lot for the Mem Development? Also it would tie up cash that could be invested more profitably elsewhere, plus security and maintenance costs etc. I imagine Sainsbury's would prefer compensation over enforcement, if it came to it. For similar reasons, I image Rovers would prefer enforcement of the contract. That would be up to a judge, my legal knowledge ends there. The compo should, in theory, be the difference between the contractual price and the current market price, plus costs, Rovers should be able to sell the Mem at market rates to whoever and continue with UWE. A lot of variables in there though.
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Post by Topper Gas on Dec 10, 2014 10:16:30 GMT
Problem with a court case is that we were not going to get an instant decision, it could take years to come before a judge and then with appeals etc years until a final outcome was known. Can NH/the BoD, the club, the UWE all wait that long, or will they be tempted to take to take a compo offer and revert to whatever Plan B might be?
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Post by stevek192 on Dec 10, 2014 10:33:19 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 11:00:29 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. Where's the fun in that?
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Deleted
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Post by Deleted on Dec 10, 2014 11:32:12 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. We could say the same about any subject on this forum including how the team is doing ?. Why discuss the team performance when we could just wait until the end of the season to see if we go up/down stay the same ?
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Post by stevek192 on Dec 10, 2014 12:15:08 GMT
Good point Henbury Gas!!
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Deleted
Joined: January 1970
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Post by Deleted on Dec 10, 2014 12:19:10 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. Yeah people Stop taking an interest in how your club is run, do not not be concerned about its future. Accept abject failure and guess the gate for the next game.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 13:06:39 GMT
I thought my point was better
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 13:07:32 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. Yeah people Stop taking an interest in how your club is run, do not not be concerned about its future. Accept abject failure and guess the gate for the next game. What's the point in that? We'll know the gate after the game, we should just wait to find out
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Post by tbonegas on Dec 10, 2014 13:21:53 GMT
Sack the board.
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brizzle
Lindsay Parsons
No Buy . . . No Sell!
Joined: May 2014
Posts: 4,293
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Post by brizzle on Dec 10, 2014 13:30:58 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. Yeah people Stop taking an interest in how your club is run, do not not be concerned about its future.
Accept abject failure and guess the gate for the next game. There's no need to be concerned about the future of BRFC, because as we speak (or post) the Chairman is still in the process of vetting a number of candidates who wish to be considered as future members of our merry band, the hierarchy division of course . . . not down with the common hoi polloi. I'm expecting an announcement any time soon.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 13:55:55 GMT
Whether the board is sacked or not sacked is none of our concern. We shall find out from the sacked or not sacked board whether the board has sacked the board or not sacked the board, when the board have or have not been sacked
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 10, 2014 13:57:41 GMT
This dribble has now gone on for years. Why not just save the stress and WAIT and find out the final decision. If the Contract is tight it will go through, if not-it won't. At the end of the day all this discussion is just a waste of time and energy. Only those parties to the contract know what is happening so lets leave it to them and get on with supporting our club. Leave it to the experts to sort. We could say the same about any subject on this forum including how the team is doing ?. Why discuss the team performance when we could just wait until the end of the season to see if we go up/down stay the same ? Of course we should remember that Bristol Rovers is just a business, and how it is run is none of our business. That's right, isn't it?
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Deleted
Joined: January 1970
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Post by Deleted on Dec 10, 2014 14:02:09 GMT
We could say the same about any subject on this forum including how the team is doing ?. Why discuss the team performance when we could just wait until the end of the season to see if we go up/down stay the same ? Of course we should remember that Bristol Rovers is just a business, and how it is run is none of our business. That's right, isn't it? That is correct sir, give the man a sweet
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Post by tauntongas on Dec 10, 2014 14:09:59 GMT
How are we able to confirm that Sainsburys are contractually obligated to buy the land? Its called a signature Oldie, I'm sorry, don't understand; I asked a sincere question. Just saying "Its called a signature" is not proof that Sainsburys are contractually obliged to buy the land. Is there a contract that is public knowledge that I am not aware of, or something? If someone (anyone) can show me, or inform me how we are able to conclude that Sainsbury's are contractually obligated to buy the land,I'll be very grateful. Thank you.
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brizzle
Lindsay Parsons
No Buy . . . No Sell!
Joined: May 2014
Posts: 4,293
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Post by brizzle on Dec 10, 2014 14:44:21 GMT
Oldie, I'm sorry, don't understand; I asked a sincere question. Just saying "Its called a signature" is not proof that Sainsburys are contractually obliged to buy the land. Is there a contract that is public knowledge that I am not aware of, or something?If someone (anyone) can show me, or inform me how we are able to conclude that Sainsbury's are contractually obligated to buy the land,I'll be very grateful. Thank you. tauntongas . . . Without wishing to get involved in the crossfire of your conversation with Oldie, but I do believe that on several occasions the Chairman has refused to confirm or deny anything to do with the contract, because of legal constraints that (he says) are written into the contract, which forbids either party from commenting publicly on any part of the contract. I think that this is accurate, but things move so slowly and there is so much speculation that fact becomes fiction and vice versa. But I have definitely heard the contract mentioned by the Chairman and the Finance Director, but obviously no details were forthcoming other than it is ''watertight'' in their opinion. Sit back, relax and enjoy the ride is my advice.
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