|
Post by alloutofgas on Jul 25, 2015 19:00:37 GMT
In Bath no less. A new Lidl opened about three months ago and is taking about £300,000 per week according to a chatty member of staff. Apparently what was once a rammed car park at Sainsburys Green Park store is now half full. Yes I know that the Lidl/Aldi effect is what scuppered our plans, at least what we now know as the corporate bully is having it's arse kicked, commercially speaking.
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 25, 2015 19:11:29 GMT
Exciting stuff.
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 25, 2015 19:14:40 GMT
Wow.
|
|
|
Post by a more piratey game on Jul 25, 2015 19:16:53 GMT
Karma
|
|
|
Post by alloutofgas on Jul 25, 2015 20:45:48 GMT
Yes, jolly exciting stuff!
|
|
|
Post by Bath Gas on Jul 25, 2015 21:14:27 GMT
In Bath no less. A new Lidl opened about three months ago and is taking about £300,000 per week according to a chatty member of staff. Apparently what was once a rammed car park at Sainsburys Green Park store is now half full. Yes I know that the Lidl/Aldi effect is what scuppered our plans, at least what we now know as the corporate bully is having it's arse kicked, commercially speaking. And we all know how they managed to keep their monopoly of Bath for so long, not playing fair goes way back for them.
|
|
|
Post by davehuddscousin on Jul 26, 2015 0:21:51 GMT
I've been shopping at Lidl and Aldi for some time now. The quality of the goods sold is much better than it was when they first came to the UK 20 odd years ago. I hate Tescos (especially the Eastgate store with its poor layout and rude staff), and now I obviously will never shop at Sainsburys. Its Aldi & Lidl for me with the odd visit to B&M and Morrisons for anything I can't get there.
Great news from Bath, lets hope Brislington, Kingswood and Filton based gasheads stop using the Sainsbury store there! (Well apart from doing the 'full trolly & walk away' trick.
|
|
|
Post by Topper Gas on Jul 26, 2015 7:51:00 GMT
Not sure it's great news that all our money spent in these 2 stores is now going to two foreign owned companies shareholders?
Although Sainsbury's plight in Bath suggests they'll fight Rovers all the hand rather than hand over the £30m.
|
|
|
Post by PessimistGas on Jul 26, 2015 12:22:58 GMT
Surely the Mem, with full planning permission already obtained, is a prime site for an Aldi or Lidl to move in to an affluent area and clean up?
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 26, 2015 12:25:24 GMT
Surely the Mem, with full planning permission already obtained, is a prime site for an Aldi or Lidl to move in to an affluent area and clean up? Maybe but they wouldn't pay £30m and Sainsbury's knew that when they bid for the site. Also they prefer one acre sites and like to pay £1m for them.
|
|
|
Post by PessimistGas on Jul 26, 2015 12:46:18 GMT
Surely the Mem, with full planning permission already obtained, is a prime site for an Aldi or Lidl to move in to an affluent area and clean up? Maybe but they wouldn't pay £30m and Sainsbury's knew that when they bid for the site. Also they prefer one acre sites and like to pay £1m for them. I think it's clear that we aren't going to get 30m. I do not understand why the shortfall could not be made up with some sort of mortgage, particularly when potential the future increase in revenue is taken into account. Even if the site was sold for housing for 10-15m, would 15m+ borrowed over many years really beyond the realms of possibility? Toni says it is, but then the bloke is an incompetent pr*ck. We've just borrowed 2m short term at an extortionate interest rate FFS.
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 26, 2015 12:50:41 GMT
Maybe but they wouldn't pay £30m and Sainsbury's knew that when they bid for the site. Also they prefer one acre sites and like to pay £1m for them. I think it's clear that we aren't going to get 30m. I do not understand why the shortfall could not be made up with some sort of mortgage, particularly when potential the future increase in revenue is taken into account. Even if the site was sold for housing for 10-15m, would 15m+ borrowed over many years really beyond the realms of possibility? Toni says it is, but then the bloke is an incompetent pr*ck. We've just borrowed 2m short term at an extortionate interest rate FFS. When the club launched the share scheme it was because the club couldn't meet the repayments on a £1.2m mortgage and interest payments on the same amount to private investors. The club had no other debt. Do you really think that the club and stadium could be able to repay a loan of £15m? edit: on this occasion the incompetent fool is correct.
|
|
|
Post by stevek192 on Jul 26, 2015 13:04:02 GMT
A 15m loan would very quickly become a 20m loan.....25m loan....30m loan Administration.
|
|
|
Post by PessimistGas on Jul 26, 2015 13:11:18 GMT
A 15m loan would very quickly become a 20m loan.....25m loan....30m loan Administration. I guess the question is, does anyone truly believe that Toni and Higgs have spent the past 2 years fully, dilligently and throughly investigating ALL potential alternative sources of funding and have genuinely come up blank?
|
|
|
Post by PessimistGas on Jul 26, 2015 13:14:05 GMT
I think it's clear that we aren't going to get 30m. I do not understand why the shortfall could not be made up with some sort of mortgage, particularly when potential the future increase in revenue is taken into account. Even if the site was sold for housing for 10-15m, would 15m+ borrowed over many years really beyond the realms of possibility? Toni says it is, but then the bloke is an incompetent pr*ck. We've just borrowed 2m short term at an extortionate interest rate FFS. When the club launched the share scheme it was because the club couldn't meet the repayments on a £1.2m mortgage and interest payments on the same amount to private investors. The club had no other debt. Do you really think that the club and stadium could be able to repay a loan of £15m? edit: on this occasion the incompetent fool is correct. Indeed, which is why staying at the Mem is not a viable option. I thought that the whole idea of the UWE was to take us into a different league, literally.
|
|
|
Post by CountyGroundHotel on Jul 26, 2015 13:22:25 GMT
Maybe but they wouldn't pay £30m and Sainsbury's knew that when they bid for the site. Also they prefer one acre sites and like to pay £1m for them. I think it's clear that we aren't going to get 30m. I do not understand why the shortfall could not be made up with some sort of mortgage, particularly when potential the future increase in revenue is taken into account. Even if the site was sold for housing for 10-15m, would 15m+ borrowed over many years really beyond the realms of possibility? Toni says it is, but then the bloke is an incompetent pr*ck. We've just borrowed 2m short term at an extortionate interest rate FFS. Good luck in persuading a bank to lend to a football club. This was well covered when Barclays declined to lend us any more money & we ended up with a Wonga loan
|
|
|
Post by stevek192 on Jul 26, 2015 13:44:57 GMT
In a small way I think the way the Shares were handled with the Supporters Club show the main reason why we have "so say" no interested investors. Ok you might not find any one investor willing to come up with 40m or to buy the Board out but how about trying to find a number of smaller investors willing to invest a proportion based on the same proportion of the Stadium. I think there is a lot of self preservation here.
|
|
|
Post by Topper Gas on Jul 26, 2015 13:52:09 GMT
£10m at 2% is only £200k interest a year, surely we could afford that with the vastly increased income streams?
Surely like a house whoever loaned the money would offset it against the equity value?
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 26, 2015 13:55:51 GMT
£10m at 2% is only £200k interest a year, surely we could afford that with the vastly increased income streams? Surely like a house whoever loaned the money would offset it against the equity value? Jolly good maths, but where can I get £10m at 2% please?
|
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 26, 2015 14:21:23 GMT
£10m at 2% is only £200k interest a year, surely we could afford that with the vastly increased income streams? Surely like a house whoever loaned the money would offset it against the equity value? Jolly good maths, but where can I get £10m at 2% please? Yes please, I would take some of that.
|
|