Lazza
Rod Hull
Joined: May 2014
Posts: 264 
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Post by Lazza on Jul 20, 2015 14:13:56 GMT
Got it in one Sprout. That's exactly why Talksport Radio voted us the most eligible club in Britain. The reasons given were: Not expensive to buy Huge potential fan base. Superb site to develop new stadium. Planning permission already obtained to develop the stadium. New investors could redevelop existing site with several viable alternatives which even I can think of, but not telling Scrafton and Co, unless it's an open air toilet for Mr Carstairs. Well, when you look at it like that toteend we look an excellent prospect.  Even looking at the club in the most negative manner possible surely Higgs could find a buyer *IF* he REALLY wanted to sell? Or are his words just empty? Perish the thought! |
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Post by fanatical on Jul 20, 2015 14:56:50 GMT
I wonder why people say investors won't come in because of the debts. If I could afford to clear them in exchange for the Mem I would jump at it. Our debts total approx £7.5m (inc the Wonga loan), whilst the Mem is worth between £12 & £15 million. No problem for any investor. So, are you saying that Higgs will walk away and hand the stadium over in exchange for the £7.5m (your figure) needed to clear the debt? pretty much so |
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toteend
Joined: May 2014
Posts: 305
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Post by toteend on Jul 20, 2015 15:04:03 GMT
No. He'd want his shares bought out as well I'd imagine
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 20, 2015 19:06:17 GMT
No. He'd want his shares bought out as well I'd imagine  He's going to be around for a very long time if he wants his arse wiped clean. Worryingly, only an asset stripper would pay that amount to get their hands on The Mem freehold to sell. So, if that's the asking price then that is the buyer he needs to find. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 20, 2015 21:58:06 GMT
No. He'd want his shares bought out as well I'd imagine He's going to be around for a very long time if he wants his arse wiped clean. Worryingly, only an asset stripper would pay that amount to get their hands on The Mem freehold to sell. So, if that's the asking price then that is the buyer he needs to find. I think he's still labouring under the delusion that he's got a buyer @ £30,000,000. |
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Lazza
Rod Hull
Joined: May 2014
Posts: 264
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Post by Lazza on Jul 21, 2015 7:55:03 GMT
He's going to be around for a very long time if he wants his arse wiped clean. Worryingly, only an asset stripper would pay that amount to get their hands on The Mem freehold to sell. So, if that's the asking price then that is the buyer he needs to find. I think he's still labouring under the delusion that he's got a buyer @ £30,000,000. No doubt. But it's a serious condition to be fair Bamber:- Don't think anything further needs to be added really. smiley-char152 |
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Post by michaelb on Jul 21, 2015 8:45:27 GMT
We should be eternally gratefully for people like Mr Higgs investing his money into the club over the last few years. Investing? Or blowing it? If I offered to renovate your house, messed up the job, and told you I wanted you to pay my costs back with interest, would you be happy? i have to admit i don't understand that analogy at all ?  |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Jul 21, 2015 15:11:30 GMT
1.2% per month is a pretty good return on capital and they have the stadium as security. I suspect they will be happy to extend but on the basis that there may not be too much competition for this piece of business, they could try to raise the interest rate even higher. Otherwise existing directors or new investors will have to put the money in themselves. I never understood why NH didn't lend the club the cash. I thought he was worth 30 million. If he was that confident of the contract being watertight and the probability of JS having to pay our costs it would be a no brainer That is what I have been saying all along. The he funniest thing I read was in a Facebook thread earlier last week saying the chairman had already sunk 5 million of his own money, into the project. This guy also to,d me this was in the court judgment. I read through it all again, not scanned. I cannot see anything that backs this up. Can anyone say if this has any truth to it ? |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Jul 21, 2015 15:20:53 GMT
Well, balders all moan and groan but they don't stump the reddies up, do they? I'm not throwing stones, but jeez it could be all worse....look at Salisbury, Darlington, Hereford to name but a few.. If anyone wants to cast a stone, fair play, but look at yourself first... So, what at about the one million through the share scheme ? The great value helpline and various other ways "we" continually stump up money not to mention the continued and fantastic support that comes to games each time we play ? i would say we stump up and regularly just that some of us have said enough, under the present chairman and board. Someone a lot cleverer than I worked it out that in the time our current chairman had out in his 5-7 million that us fans had contributed over 30. I'd say we stump up more than most lower league clubs could only dream about |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Jul 21, 2015 15:48:00 GMT
This kind of attitude is exactly what's wrong with the football club. Mustn't expect more from those running the club because they're paying. If you have an idea, we don't care because you're not a millionaire. And even then, two blokes who had the money got the boot because they dared to rock he boat. Thing is, the board aren't paying - it's loans with interest. Plus, the money has been wasted - how much went on Buckle and his players, McGhee and his, Ward and his? With the wage bills we had, we should've been safe in League 1 all along. The reason no-one pops up to take over now (to our knowledge, unless they have turned down offers on the quiet) is the debt. The club has always had potential, look at the fanbase and the attendances, clubs do better than us on gates half our size. But no-one's going to pay up front to cover Nick and co for their losses and their mistakes. The fact that no-one wants to blow millions to cover the debts before they invest a penny in the club doesn't mean Higgs and frienda are the beat people for the job. If only they'd see that and seek some help. Bang on the money Dagnono, always been the same. Don't ask questions. Higgs is a gashead etc. this is talk of hidden agenda then gets used. The club is very good at splitting us and making sure we stay in a constant state of argument & especially by putting out lots of disinformation via the inner circle of the inner circle. We have no engagement with the fans? This in itself makes people speculate. Divide and conquer. Personally I cannot believe we still have a good number who feel content with the present situation. It beggars belief. |
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GasMacc1
Les Bradd
Joined: May 2014
Posts: 1,423
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Post by GasMacc1 on Jul 21, 2015 15:55:27 GMT
I never understood why NH didn't lend the club the cash. I thought he was worth 30 million. If he was that confident of the contract being watertight and the probability of JS having to pay our costs it would be a no brainer That is what I have been saying all along. The he funniest thing I read was in a Facebook thread earlier last week saying the chairman had already sunk 5 million of his own money, into the project. This guy also to,d me this was in the court judgment. I read through it all again, not scanned. I cannot see anything that backs this up. Can anyone say if this has any truth to it ? In paragraph 5 it states: "the broad effect of the Retention condition was that the Club had to show that the cost of building the new stadium at Frenchay would not exceed money being made available from the purchase for that purpose". Paragraph 138 of the judgment mentions: "Mr Higgs, by an Additional Finance Agreement dated 6 November 2011 was personally committed to providing £500,000 towards the Retention". Nowhere in the judgment does it say that the chairman had sunk 5 million of his own money into the project. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 21, 2015 16:02:54 GMT
Go careful when overstating the cost of being a football club director. An ex chairman once told me that he bought c28% of Bristol Rovers for £20,000 and had nearly 25 years of hospitality home and away for his money. The club hadn't cost him any more other than a few loans which had been paid back, re loaned, paid back etc..... I bet Higgsy would weep if he had heard that story. His wife and kids must be climbing the wall watching their cash disappear.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Jul 21, 2015 16:07:17 GMT
That is what I have been saying all along. The he funniest thing I read was in a Facebook thread earlier last week saying the chairman had already sunk 5 million of his own money, into the project. This guy also to,d me this was in the court judgment. I read through it all again, not scanned. I cannot see anything that backs this up. Can anyone say if this has any truth to it ? In paragraph 5 it states: "the broad effect of the Retention condition was that the Club had to show that the cost of building the new stadium at Frenchay would not exceed money being made available from the purchase for that purpose". Paragraph 138 of the judgment mentions: "Mr Higgs, by an Additional Finance Agreement dated 6 November 2011 was personally committed to providing £500,000 towards the Retention". Nowhere in the judgment does it say that the chairman had sunk 5 million of his own money into the project. Thank you for backing my reading up. I had two guys really have a dig and tell me I had not read it and that it says Higgs had ploughed 5 million of his own money into it. I do genuinely appreciate this. I thought maybe I had a dodgy copy of the judgment.  |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Jul 21, 2015 16:11:00 GMT
Go careful when overstating the cost of being a football club director. An ex chairman once told me that he bought c28% of Bristol Rovers for £20,000 and had nearly 25 years of hospitality home and away for his money. The club hadn't cost him any more other than a few loans which had been paid back, re loaned, paid back etc..... I bet Higgsy would weep if he had heard that story. His wife and kids must be climbing the wall watching their cash disappear. Irony |
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Post by fanatical on Jul 21, 2015 16:16:06 GMT
Go careful when overstating the cost of being a football club director. An ex chairman once told me that he bought c28% of Bristol Rovers for £20,000 and had nearly 25 years of hospitality home and away for his money. The club hadn't cost him any more other than a few loans which had been paid back, re loaned, paid back etc..... I bet Higgsy would weep if he had heard that story. His wife and kids must be climbing the wall watching their cash disappear. Irony still applies - and earning interest all the while |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 21, 2015 16:18:05 GMT
Irony still applies - and earning interest all the while Does Higgs take his interest or write it off annually as previous directors have done for many years? |
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He's going to be around for a very long time if he wants his arse wiped clean. Worryingly, only an asset stripper would pay that amount to get their hands on The Mem freehold to sell. So, if that's the asking price then that is the buyer he needs to find.
