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Post by Feeling The Blues on Jul 14, 2015 7:05:50 GMT
It's time for Plan B not throwing more money and time at this doomed Sainsburys contract. We cannot afford (potentially) another year of uncertainty whilst we await for an appeal to be heard. More time where an acceptable offer with new investors cannot be agreed because of that uncertainty, more time for UWE to go cold on the idea, more time for prices to go up on the project, more time wasting time.
So, where are we on the potential new investor front? In his statement yesterday Higgs said;
"With regard to the possibility of other investors coming on board, the Chairman said; “We have no one interested in coming in and taking over the club at this point in time, though it’s been well documented that we have spoken to a number of different people over the last 12 months. To date, however, no one has come in with an acceptable offer.”
So does this mean he has received offers but that they haven't been acceptable? If so why have they not been acceptable? Are they unacceptable because these investors also lack the wherewithal to get UWE built without the help of Sainsburys, or is it unacceptable because they DO have the finance to do that but are not willing to pay Mr Higgs and cos debts off and the price for the shares they want? Is there a conflict of interest here that means we are set on the path to oblivion with King Nick sat at the controls more interested in getting the best deal for himself rather than the club?
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Post by chippenhamgas on Jul 14, 2015 7:14:15 GMT
It's time for Plan B not throwing more money and time at this doomed Sainsburys contract. We cannot afford (potentially) another year of uncertainty whilst we await for an appeal to be heard. More time where an acceptable offer with new investors cannot be agreed because of that uncertainty, more time for UWE to go cold on the idea, more time for prices to go up on the project, more time wasting time. So, where are we on the potential new investor front? In his statement yesterday Higgs said; "With regard to the possibility of other investors coming on board, the Chairman said; “We have no one interested in coming in and taking over the club at this point in time, though it’s been well documented that we have spoken to a number of different people over the last 12 months. To date, however, no one has come in with an acceptable offer.” So does this mean he has received offers but that they haven't been acceptable? If so why have they not been acceptable? Are they unacceptable because these investors also lack the wherewithal to get UWE built without the help of Sainsburys, or is it unacceptable because they DO have the finance to do that but are not willing to pay Mr Higgs and cos debts off and the price for the shares they want? Is there a conflict of interest here that means we are set on the path to oblivion with King Nick sat at the controls more interested in getting the best deal for himself rather than the club? simple, higgs & co want their money back, which is why they're appealing the decision, i think we need clarification on who is funding this appeal, the club or higgs personally. No one is going to pay off a former group of directors who have run up debts because of their own mismanagement. |
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Thatslife
"Decisions are made by those who turn up"
Joined: June 2014
Posts: 669 
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Post by Thatslife on Jul 14, 2015 7:39:09 GMT
It's time for Plan B not throwing more money and time at this doomed Sainsburys contract. We cannot afford (potentially) another year of uncertainty whilst we await for an appeal to be heard. More time where an acceptable offer with new investors cannot be agreed because of that uncertainty, more time for UWE to go cold on the idea, more time for prices to go up on the project, more time wasting time. So, where are we on the potential new investor front? In his statement yesterday Higgs said; "With regard to the possibility of other investors coming on board, the Chairman said; “We have no one interested in coming in and taking over the club at this point in time, though it’s been well documented that we have spoken to a number of different people over the last 12 months. To date, however, no one has come in with an acceptable offer.” So does this mean he has received offers but that they haven't been acceptable? If so why have they not been acceptable? Are they unacceptable because these investors also lack the wherewithal to get UWE built without the help of Sainsburys, or is it unacceptable because they DO have the finance to do that but are not willing to pay Mr Higgs and cos debts off and the price for the shares they want? Is there a conflict of interest here that means we are set on the path to oblivion with King Nick sat at the controls more interested in getting the best deal for himself rather than the club? simple, higgs & co want their money back, which is why they're appealing the decision, i think we need clarification on who is funding this appeal, the club or higgs personally. No one is going to pay off a former group of directors who have run up debts because of their own mismanagement. I don't think being bullied out of a far reaching plan to take the club forward is mismanagement. The BOD is trying to do the best for the club, they were out flanked by a unethical multinational giant. |
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Post by droitwichgas on Jul 14, 2015 7:43:54 GMT
I understand we have 14 days to submitan appeal so I doubt one was entered yesterday, we therefore need confirmation one has been entered before we seek clarification how it's funded, but you can bet if one is entered it will be the Wonga loan funding it! Although on what grounds can we actually appeal as the Judgement looks "watertight" to me?
NH really needs to accept defeat and move on to Plan B or if there isn't one move on and let somebody find one.
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addyap
Joined: June 2014
Posts: 39
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Post by addyap on Jul 14, 2015 8:15:16 GMT
One point for us to take on board is how long this appeals saga could go on for?
Say we appeal and win; what's stopping Sainsbury's appealing that decision? Unless I'm mistaken, there isn't a limit to the number of appeals possible (happy to stand corrected if someone knows the real situation in this regard). This is unhealthy for the club, for the fans, for everyone connected to BRFC. How long would all this go on for?
Even if we win a potential appeal, as far as I'm concerned, that wouldn't be the end of this. In the meantime, we'd incur continuing costs. The rest you know...
Antony
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dagnogo
Joined: June 2014
Posts: 872
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Post by dagnogo on Jul 14, 2015 8:20:32 GMT
What constitutes an acceptable offer?
The likelihood of someone coming in and putting the club out of the red is very low, but remember that the BoD probably want some money for their shares, too.
If you're a wealthy foreign businessman you can buy clubs elsewhere without paying out as much money.
The interested parties will come shortly after the administrators, I think.
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Jul 14, 2015 10:30:52 GMT
1. I think we should appeal. Read through the judges notes
2. How many foreigners have bought clubs here and made the successful. Very few there has been as many disasters as there have successes
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 14, 2015 10:48:49 GMT
1. I think we should appeal. Read through the judges notes 2. How many foreigners have bought clubs here and made the successful. Very few there has been as many disasters as there have successes I don't really get the who foreign owner moaning. There are two types of owner; good and bad. George Reynolds, Stuart Lovering, John Batchelor, Peter Risdale, Craig Whyte & Alex Hamilton were all British... |
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dagnogo
Joined: June 2014
Posts: 872
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Post by dagnogo on Jul 14, 2015 10:50:32 GMT
1. I think we should appeal. Read through the judges notes 2. How many foreigners have bought clubs here and made the successful. Very few there has been as many disasters as there have successes I don't really get the who foreign owner moaning. There are two types of owner; good and bad. George Reynolds, Stuart Lovering, John Batchelor, Peter Risdale, Craig Whyte & Alex Hamilton were all British... Nick Higgs, Geoff Dunford, Barry Bradshaw...all British. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 14, 2015 11:07:14 GMT
I don't really get the who foreign owner moaning. There are two types of owner; good and bad. George Reynolds, Stuart Lovering, John Batchelor, Peter Risdale, Craig Whyte & Alex Hamilton were all British... Nick Higgs, Geoff Dunford, Barry Bradshaw...all British. Like. |
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Post by timothyq on Jul 15, 2015 10:59:07 GMT
To be fair, I can't think of many occasions when football clubs have been bought out and the big dreams of the new owners have been realised. We've seen some sleeping giants climb the leagues, arguably doing no more than returning to where they belong and the occasional Russian billionaire who needs a global public profile to deter assassins (allegedly), but more often than not sugar daddies bounce around the league system, maybe having a few seasons in the premier league before other teams catch up in terms of spending and they start to fall back to where the club should be.
Don't get me wrong, someone willing and able to take the club out of danger and invest some money in the future would be well received, but my wildest dream is someone to resolve the directors loans, remove NH and TW, and get the club on a decent financial footing.
The problem is, if we found such an investor and we established ourselves as a upper midtable / playoff challenger, then by 2017 there would be plenty of people on this forum complaining at the boards lack of ambition and calling for the chairman to get his chequebook out.
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The Gas
Joined: May 2014
Posts: 484
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Post by The Gas on Jul 15, 2015 11:24:28 GMT
It's time for Plan B not throwing more money and time at this doomed Sainsburys contract. We cannot afford (potentially) another year of uncertainty whilst we await for an appeal to be heard. More time where an acceptable offer with new investors cannot be agreed because of that uncertainty, more time for UWE to go cold on the idea, more time for prices to go up on the project, more time wasting time. So, where are we on the potential new investor front? In his statement yesterday Higgs said; "With regard to the possibility of other investors coming on board, the Chairman said; “We have no one interested in coming in and taking over the club at this point in time, though it’s been well documented that we have spoken to a number of different people over the last 12 months. To date, however, no one has come in with an acceptable offer.”
So does this mean he has received offers but that they haven't been acceptable? If so why have they not been acceptable? Are they unacceptable because these investors also lack the wherewithal to get UWE built without the help of Sainsburys, or is it unacceptable because they DO have the finance to do that but are not willing to pay Mr Higgs and cos debts off and the price for the shares they want? Is there a conflict of interest here that means we are set on the path to oblivion with King Nick sat at the controls more interested in getting the best deal for himself rather than the club? Nick, you say that "no one is interested in coming in and taking over the club, although you have spoken to a number of different people over the last twelve months"
If they were not discussing what was needed to take over the club, was it a chat over tea and crumpets about the previous game?
Of course "To date, however, no one has come in with an acceptable offer". How can anyone make an offer when they have not seen the "up to date financial state of the club".
I accept your (NH) comment about offers but I'm sorry, I do not believe that no-one has discussed or intimated with you the possibility of taking over the club.
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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 15, 2015 15:32:33 GMT
My apologies in advance for harping back, but when Alan Sugar made an enquiry some years ago regarding purchasing the club, he was fobbed off by the then BRFC Chairman who refused to put a price on the club. Just because an owner of anything puts their item up for sale, it doesn't necessarily mean that they are actively seeking to sell.
But I would agree that this whole scenario seems to be typical of successive BRFC Chairman.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 15, 2015 15:42:18 GMT
My apologies in advance for harping back, but when Alan Sugar made an enquiry some years ago regarding purchasing the club, he was fobbed off by the then BRFC Chairman who refused to put a price on the club. Just because an owner of anything puts their item up for sale, it doesn't necessarily mean that they are actively seeking to sell. But I would agree that this whole scenario seems to be typical of successive BRFC Chairman. I think that this was an urban myth. |
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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 15, 2015 16:16:36 GMT
My apologies in advance for harping back, but when Alan Sugar made an enquiry some years ago regarding purchasing the club, he was fobbed off by the then BRFC Chairman who refused to put a price on the club. Just because an owner of anything puts their item up for sale, it doesn't necessarily mean that they are actively seeking to sell. But I would agree that this whole scenario seems to be typical of successive BRFC Chairman. I think that this was an urban myth. On the contrary it was quite well documented at the time. The plan was that Alan Sugar and Gerry Francis would both purchase the club, and it would be Sugar's responsibility to take care of the financial affairs of the club (he being the largest shareholder), whilst Francis would concentrate on the day-to-day running of the club and team. Remember that at the time Francis was still held in high regard by our supporters, so it really did make sense. According to the media there was an approach, but the Chairman of BRFC declined to value the club, so as a consequence Alan Sugar swiftly moved on. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 15, 2015 16:23:30 GMT
I think that this was an urban myth. On the contrary it was quite well documented at the time. The plan was that Alan Sugar and Gerry Francis would both purchase the club, and it would be Sugar's responsibility to take care of the financial affairs of the club (he being the largest shareholder), whilst Francis would concentrate on the day-to-day running of the club and team. Remember that at the time Francis was still held in high regard by our supporters, so it really did make sense. According to the media there was an approach, but the Chairman of BRFC declined to value the club, so as a consequence Alan Sugar swiftly moved on. Well documented by whom? As I said, I think that it was an urban myth. |
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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 15, 2015 16:30:41 GMT
On the contrary it was quite well documented at the time. The plan was that Alan Sugar and Gerry Francis would both purchase the club, and it would be Sugar's responsibility to take care of the financial affairs of the club (he being the largest shareholder), whilst Francis would concentrate on the day-to-day running of the club and team. Remember that at the time Francis was still held in high regard by our supporters, so it really did make sense. According to the media there was an approach, but the Chairman of BRFC declined to value the club, so as a consequence Alan Sugar swiftly moved on. Well documented by whom? As I said, I think that it was an urban myth. It was reported in the local media, both the press and TV. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 15, 2015 16:33:33 GMT
Well documented by whom? As I said, I think that it was an urban myth. It was reported in the local media, both the press and TV. They also reported about a fictitious car park attendant at Bristol Zoo. Ask GD next time you see him, he will answer the question truthfully. edit: or Barry Bradshaw but stand back a little as he likes to get into your face. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 15, 2015 16:35:03 GMT
It was reported in the local media, both the press and TV. They also reported about a fictitious car park attendant at Bristol Zoo. Ask GD next time you see him, he will answer the question truthfully. Yesterday they were reporting that Nick Higgs looks like Grumpy Cat. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 15, 2015 16:35:46 GMT
They also reported about a fictitious car park attendant at Bristol Zoo. Ask GD next time you see him, he will answer the question truthfully. Yesterday they were reporting that Nick Higgs looks like Grumpy Cat. Well he did slightly but they have been reported to the RSPCA for that report. |
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