Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 16:32:36 GMT
Has he?
I assume that it was him who signed the contract with Sainsbury's and didn't tie up the loose ends of any PP appeal being sighted and agreed by the vendor?
Sat behind that, whilst I'm not daft enough to think for a second that people like Carstairs can be totally controlled, with better PR and managing the relationships with local residents and traders, the impact that minority groups such as TRASH can have could certainly have been minimised.
You've quite possibly misunderstood the point that I was attempting to make Bamber. When I referred to NH's ''real'' life I was referring to his time pre-BRFC (Cowlins), and not to his time at the helm of BRFC. Or if it comes to that . . . at any time in his involvement with our beloved club. One (kind) word on that episode to date, misguided. Sorry, I think I understood what you meant.
Did he build Cowlin from nothing, or inherit it, then keep it ticking over in a 'soft' market, then get lucky with the timing of selling up?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 16:37:54 GMT
Has he?
I assume that it was him who signed the contract with Sainsbury's and didn't tie up the loose ends of any PP appeal being sighted and agreed by the vendor?
Sat behind that, whilst I'm not daft enough to think for a second that people like Carstairs can be totally controlled, with better PR and managing the relationships with local residents and traders, the impact that minority groups such as TRASH can have could certainly have been minimised.
That's exactly right Bamber And I dont know for sure, but think the original Mem development was on Cowlin's order book when he sold it And it was a significant value, I seem to recall. I could be wrong, of course That's what the BEP reported but Higgs gets very funny when it's mentioned.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 16:45:02 GMT
oh aye, the books look a lot healthier with the stadium on cowlins books, i always recall his first words on his windfall, i wont be spending any of it on rovers
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rennesgas
Alfie Biggs
First Rovers match 1964
Joined: May 2014
Posts: 82
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Post by rennesgas on Jul 2, 2015 16:50:27 GMT
You've quite possibly misunderstood the point that I was attempting to make Bamber. When I referred to NH's ''real'' life I was referring to his time pre-BRFC (Cowlins), and not to his time at the helm of BRFC. Or if it comes to that . . . at any time in his involvement with our beloved club. One (kind) word on that episode to date, misguided. Sorry, I think I understood what you meant.
Did he build Cowlin from nothing, or inherit it, then keep it ticking over in a 'soft' market, then get lucky with the timing of selling up?
Cowlins was founded in the early 1800's. NH was one of the directors who was in the right place at the right time when they sold up to Balfour Beatty.
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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 Jul 2, 2015 16:52:58 GMT
You've quite possibly misunderstood the point that I was attempting to make Bamber. When I referred to NH's ''real'' life I was referring to his time pre-BRFC (Cowlins), and not to his time at the helm of BRFC. Or if it comes to that . . . at any time in his involvement with our beloved club. One (kind) word on that episode to date, misguided. Sorry, I think I understood what you meant.
Did he build Cowlin from nothing, or inherit it, then keep it ticking over in a 'soft' market, then get lucky with the timing of selling up?
In that case I apologise for misunderstanding you, so no need for you to apologise to me as it's clearly my lack of knowledge that has led us to where we are. The power of discourse eh? But is the chairman misguided or incompetent or what, in his chairmanship of the club do you think?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 17:00:29 GMT
Sorry, I think I understood what you meant.
Did he build Cowlin from nothing, or inherit it, then keep it ticking over in a 'soft' market, then get lucky with the timing of selling up?
In that case I apologise for misunderstanding you, so no need for you to apologise to me as it's clearly my lack of knowledge that has led us to where we are. The power of discourse eh? But is the chairman misguided or incompetent or what, in his chairmanship of the club do you think? That's the problem with my state education combined with no intonation on messageboards, sometimes it's all too easy to get the wrong end of the stick
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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 Jul 2, 2015 17:07:20 GMT
In that case I apologise for misunderstanding you, so no need for you to apologise to me as it's clearly my lack of knowledge that has led us to where we are. The power of discourse eh? But is the chairman misguided or incompetent or what, in his chairmanship of the club do you think? That's the problem with my state education combined with no intonation on messageboards, sometimes it's all too easy to get the wrong end of the stick And there was me thinking that you were one of David (call me Dave) Cameron's ''posh boys.'' How wrong can you be, eh?
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The Gas
Joined: May 2014
Posts: 484
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Post by The Gas on Jul 2, 2015 17:37:45 GMT
Regardless of the outcome the bridging finance company will want their money back. If we default and fail to pay on the day the penalties will no doubt be horrendous. The Mem isn't worth £30mln or necessarily £15mln, it is only worth what someone will pay for it and in a fire sale that will probably struggle to cover all of our debt. The Administrator will be looking to get the money back for the bridging finance company not make friends.... Yes, you are right as always.
But, I wasn't assuming that the site was worth £30m, my gut feeling is somewhere between £8m~10m for residential development.
With the only significant external debt being £2m to Wonga, and in a worst case scenario situation we are saddled with our own legal costs and those of Sainsbury's, maybe add another £2m, that's still only half of the value of the site.
I know that Nick has made some odd decisions, but surely even he wouldn't put a company into administration so that he could pay the administrators a hefty percentage to fire-sale the asset and then pay him back out of whatever funds remain?
Total and utter crap
Sainsbury have brought this Court action, not BRFC.
Therefore even if we lost the case we cannot be held responsible for Sainsbury's court cost.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 17:46:13 GMT
Yes, you are right as always.
But, I wasn't assuming that the site was worth £30m, my gut feeling is somewhere between £8m~10m for residential development.
With the only significant external debt being £2m to Wonga, and in a worst case scenario situation we are saddled with our own legal costs and those of Sainsbury's, maybe add another £2m, that's still only half of the value of the site.
I know that Nick has made some odd decisions, but surely even he wouldn't put a company into administration so that he could pay the administrators a hefty percentage to fire-sale the asset and then pay him back out of whatever funds remain?
Total and utter crap
Sainsbury have brought this Court action, not BRFC.
Therefore even if we lost the case we cannot be held responsible for Sainsbury's court cost.
And why was this case brought?
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The Gas
Joined: May 2014
Posts: 484
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Post by The Gas on Jul 2, 2015 17:57:53 GMT
Total and utter crap
Sainsbury have brought this Court action, not BRFC.
Therefore even if we lost the case we cannot be held responsible for Sainsbury's court cost.
And why was this case brought? That has nothing to do with it.
YOU SAID, we WOULD be saddled with Sainsbury's costs, which is patently UNTRUE
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 18:04:38 GMT
And why was this case brought? That has nothing to do with it.
YOU SAID, we WOULD be saddled with Sainsbury's costs, which is patently UNTRUE
No I didn't, read it again.
What I was doing was investigating a potential future scenario, which would have everything to do with why Sainsbury's are asking the question of the good Lady in court.
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Jul 2, 2015 19:42:24 GMT
In Hitlers final days in the bunker he ordered non-existant armies about a map hoping that they would push back the Russians.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 19:59:07 GMT
In Hitlers final days in the bunker he ordered non-existant armies about a map hoping that they would push back the Russians. No he didnt you dillup He had sex with Eva Braun and then they shot themselves. Its a bit like Beavis & Butthead at Nos 10 & 11 Downing St Pretending Britain is great, or Nick and Geoff, "We are a big club with huge potential" Sadly, like the bemused Germans in the 1930s, The general population and Rovers fans, scream "Feed me, feed me, for I am not worthy"
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 2, 2015 20:21:35 GMT
In Hitlers final days in the bunker he ordered non-existant armies about a map hoping that they would push back the Russians. No he didnt you dillup He had sex with Eva Braun and then they shot themselves. Its a bit like Beavis & Butthead at Nos 10 & 11 Downing St Pretending Britain is great, or Nick and Geoff, "We are a big club with huge potential" Sadly, like the bemused Germans in the 1930s, The general population and Rovers fans, scream "Feed me, feed me, for I am not worthy" Farage said that there were 84 billion Bulgarians on their way to these shores, they obviously think that Britain is great.
Or were they just coming so that they could stand by the perimeter fence, watching, so that they could tell their children, and they could tell their children's children, ''we were there the day that they broke ground at UWE''?
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Jul 2, 2015 20:33:09 GMT
This is all becoming a farce isn't it.....oh, hang on a minute.....
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Post by mentors on Jul 3, 2015 21:45:49 GMT
If Sainsburys do pull out, i don't think any investor around the world can ignore that Planning Permission is in place for a 21,000 seater, and the diggers are parked up outside waiting to be let in. This summer has to be now or never for a takeover, i will have a lot more respect for Nick if he sells and lets someone else take the club on, rather than dig his heels in like a squatter. His spell here as chairman has been a disaster, and it's obviously put a dent in his wallet, we will have to wait an see if this story goes anywhere, but the silence throughout June has been interesting. No one who's amassed enough money to buy Rovers will want the UWE...that's just a pipe dream for committed supporters who're blind to the financial reality of a stadium much too large for our needs. If they want the club as a going concern they'll try to pay less than the value of the assets which will leave a short fall in the directors loan account...so someone will need to take a haircut. Most likely scenarios are, we win we get compo and stay at the Mem provided it's enough to pay back the loan note holder, we lose we go bust and the directors buy the club for FA but less the Mem which becomes the property of the loan note holder. UWE is an unrealistic expectation.
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Post by stevek192 on Jul 3, 2015 23:17:48 GMT
Mentors, really think you have it ALL TOTALLY WRONG. Our best chance of getting investors is WITH the UWE Stadium. Why would they want to invest in a run down Mem? Investors want to make the club successful and therefore will aim to make the club a success to fill the UWE. Thankgod you aren't on the Board!!!!
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Post by chelt_gas on Jul 3, 2015 23:33:36 GMT
With Bournemouth, burnley, Watford, Blackpool and crystal palace making the step up to the prem then rovers can market an opportunity to certain investors. The stadium with future expansion shows a business development model.
If Fleetwood, ebbs fleet, Eastleigh and Crawley can attract backers then rovers should already be on radars of certain investors. The directors are hoping for this.
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Post by warmleygas on Jul 4, 2015 4:21:57 GMT
So umm yeah, anyone have any idea when we will hear the verdict? Is there a deadline?
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Post by Curly Wurly on Jul 4, 2015 6:53:19 GMT
So umm yeah, anyone have any idea when we will hear the verdict? Is there a deadline? Sainsbury's and Bristol Rovers drones on. This scarecrow of a suit has, in course of time, become so complicated, that no man alive knows what it means. The parties to it understand it least; but it has been observed that no two Chancery lawyers can talk about it for five minutes, without coming to a total disagreement as to all the premises. Innumerable children have been born into the cause; innumerable young people have married into it; innumerable old people have died out of it. Scores of persons have deliriously found themselves made parties in Sainsbury's and Bristol Rovers, without knowing how or why; whole families have inherited legendary hatreds with the suit. The little plaintiff or defendant, who was promised a new rocking-horse when Sainsbury's and Bristol Rovers should be settled, has grown up, possessed himself of a real horse, and trotted away into the other world. Fair wards of court have faded into mothers and grandmothers; a long procession of Chancellors has come in and gone out; the legion of bills in the suit have been transformed into mere bills of mortality; but Sainsbury's and Bristol Rovers still drags its dreary length before the Court, perennially hopeless.
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