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Post by Jon the Stripe on Sept 18, 2015 16:04:27 GMT
Firstly i am sad i was the one who had to break this news - my reasons are honourable i assure you and i have spent many days considering whether i was right to do so I have known about this for a period of weeks and have given ample time for it to surface itself - Sadly it has not - I believe what i have passed on to be true and if proved otherwise i am fully prepared to fall on my sword and apologise fully for being wrong as well as lose any respect i may/may not have from Gasheads - i feel supporters deserve to know something if it has a bearing on the future of the club we love and not just known to a few - i am also not a fan of 'i know something you don't know' and think everyone has the right to do know if its 'out there' my tin hat is firmly on and i know i will come in for plenty of stick in fact its already begun - that is my issue and i will have to live with it - thanks for some of the kind comments and i promise you i have only done this because i genuinely feel its the right thing to do and will of course keep you updated if i find out anything new Cheers and UTG - JTS I do wonder who has leaked this any why? I hope you aren't being played. I see why they call you Pessimist Gas! Thanks for the concern - only time will tell but i don't think that is the case - UTG
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Post by michaelb on Sept 18, 2015 16:06:43 GMT
Is this consortium led by CS ? No - UTG Thanks, My gut feeling is Higgs has brought CS in to instigate their plan B and this had made this consortium make their move.
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Thatslife
"Decisions are made by those who turn up"
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Post by Thatslife on Sept 18, 2015 16:08:24 GMT
Firstly i am sad i was the one who had to break this news - my reasons are honourable i assure you and i have spent many days considering whether i was right to do so I have known about this for a period of weeks and have given ample time for it to surface itself - Sadly it has not - I believe what i have passed on to be true and if proved otherwise i am fully prepared to fall on my sword and apologise fully for being wrong as well as lose any respect i may/may not have from Gasheads - i feel supporters deserve to know something if it has a bearing on the future of the club we love and not just known to a few - i am also not a fan of 'i know something you don't know' and think everyone has the right to do know if its 'out there' my tin hat is firmly on and i know i will come in for plenty of stick in fact its already begun - that is my issue and i will have to live with it - thanks for some of the kind comments and i promise you i have only done this because i genuinely feel its the right thing to do and will of course keep you updated if i find out anything new Cheers and UTG - JTS Hi Jon, it's been known for some time that a consortium is being put together as l posted the other day, only thing that was not known was the exact make up of the consortium but I suspect the USE, South Gloucestershire Council and the American company behind the UWE would be a good educated guess as well as some current shareholders. If you own any shares you could be in for a windfall.
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Post by PessimistGas on Sept 18, 2015 16:08:34 GMT
Hi Jon Can I just check - are you saying that your information is that an approach has been made but the club have declined it, or are not engaging with the potential investor? And that's why you feel the need to break the news, as if that's correct the club is potentially being held back? Many thanks As far as i am aware the club are declining the offer at present - engagement is on going albeit slowly and possibly relunctantly mate If that is true then this could be dynamite.
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Post by Deleted on Sept 18, 2015 16:10:36 GMT
Firstly i am sad i was the one who had to break this news - my reasons are honourable i assure you and i have spent many days considering whether i was right to do so I have known about this for a period of weeks and have given ample time for it to surface itself - Sadly it has not - I believe what i have passed on to be true and if proved otherwise i am fully prepared to fall on my sword and apologise fully for being wrong as well as lose any respect i may/may not have from Gasheads - i feel supporters deserve to know something if it has a bearing on the future of the club we love and not just known to a few - i am also not a fan of 'i know something you don't know' and think everyone has the right to do know if its 'out there' my tin hat is firmly on and i know i will come in for plenty of stick in fact its already begun - that is my issue and i will have to live with it - thanks for some of the kind comments and i promise you i have only done this because i genuinely feel its the right thing to do and will of course keep you updated if i find out anything new Cheers and UTG - JTS Is this consortium led by CS ? More importantly for Nick, if this is true then how does it sit with Sainsbury's? The contract (if it still exists as a legal document) ties them to placing the money in an account and that money being released as the UWE build progresses. So, even if Higgs wins his appeal, how would all of these dots get joined up?
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Post by PessimistGas on Sept 18, 2015 16:12:36 GMT
Is this consortium led by CS ? More importantly for Nick, if this is true then how does it sit with Sainsbury's? The contract (if it still exists as a legal document) ties them to placing the money in an account and that money being released as the UWE build progresses. So, even if Higgs wins his appeal, how would all of these dots get joined up? Presumably Higgs would need to drop the pointless appeal and cut his losses.
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Deleted
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Post by Deleted on Sept 18, 2015 16:30:36 GMT
More importantly for Nick, if this is true then how does it sit with Sainsbury's? The contract (if it still exists as a legal document) ties them to placing the money in an account and that money being released as the UWE build progresses. So, even if Higgs wins his appeal, how would all of these dots get joined up? Presumably Higgs would need to drop the pointless appeal and cut his losses. In which case, he would be resigning himself to losing his share (as dictated by shareholding presumeably?) of the difference between today's market value of the stadium and what he is trying to get Sainsbury's to pay, and he would have to write off the costs to date, and stump up the extra £375,000ish which was the 2nd half of Sainsbury's costs. That would be a significant hit for him to take.
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Post by a more piratey game on Sept 18, 2015 16:31:55 GMT
I too am of a similar opinion. I too understand that there are offers on the table......! I don't know any more than that. A crazy set of circumstances I agree. I think alastair durden said there have been discussions, but that's far short of offers on the table I don't know Mr Stripey, but he seems one of the least bulls**tty people on here
so how about something like.....
Plan A. The appeal succeeds. We're off. NH can do some building, which he probably still likes, sell the club when it suits him, and leave a hero having delivered the Stadium of OUR Dreams
Plan B. A cheaper stadium, one that might fit the budget made available by selling the Mem at current market price. With maybe some help from UWE or the Council or someone
Plan C. Sell the club to someone who can pay for the stadium
NH might be thinking something like.....
- got to keep on with the Appeal as it suggests that the club is worth a premium to the £30m we'll get from Sainsbury's. While the Appeal is still ongoing, he has that as negotiating leverage - bring Sextoy in as might help with the build if the appeal is won, might provide an experienced ally, might provide negotiating help, might give the new consortium a safe pair of hands to take on - he doesn't really want to sell before the stadium is built as then others might take whatever glory there is/he might be remembered as a failure - there's not much downside to continuing as is - there are 3 plans available. If they want it, they've got to offer a high enough price for him to want to sell it - ball in their court - he doesn't really want to sell to non-Gasheads - if they've got enough money to fund the stadium, they've got enough to pay a proper price to him - a team doing well/having been promoted should help make things more attractive
if there are ongoing negotiations, presumably they are mainly about price?
interesting times....
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Post by bs20gas on Sept 18, 2015 16:32:21 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ?
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Alveston Gas
Brucie Bannister
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Post by Alveston Gas on Sept 18, 2015 16:38:25 GMT
Thanks, My gut feeling is Higgs has brought CS in to instigate their plan B and this had made this consortium make their move. Absolutely - my thoughts too!
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Peter Parker
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Post by Peter Parker on Sept 18, 2015 16:41:38 GMT
Plan A is still flawed due to rising costs and a shortfall t o cover hence Sextoy presumably ditto plan b
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Post by PessimistGas on Sept 18, 2015 16:43:52 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? In which case these "people" need to go public.
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Thatslife
"Decisions are made by those who turn up"
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Post by Thatslife on Sept 18, 2015 17:14:00 GMT
More importantly for Nick, if this is true then how does it sit with Sainsbury's? The contract (if it still exists as a legal document) ties them to placing the money in an account and that money being released as the UWE build progresses. So, even if Higgs wins his appeal, how would all of these dots get joined up? Presumably Higgs would need to drop the pointless appeal and cut his losses. Am not sure that's the case, he is acting on a decision retrospectively so it may still go ahead especially if he remains on the board of the new consortium, which he may well be.
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Post by Jon the Stripe on Sept 18, 2015 17:16:38 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? In which case these "people" need to go public. Unforunately these type of people appear to move slowly or should i say too slowly for us mere mortals - i would expect a public announcement sometime next week - UTG
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Thatslife
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Post by Thatslife on Sept 18, 2015 17:18:15 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? You have no way of knowing that. It's also very dangerous to make statements like that as it could be deemed libellous.
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eppinggas
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Post by eppinggas on Sept 18, 2015 17:26:22 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? You have no way of knowing that. It's also very dangerous to make statements like that as it could be deemed libellous. What a surprise - That's Life threatening people with litigation again. At least he's consistent.
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ricardo
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Post by ricardo on Sept 18, 2015 17:29:00 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? In which case these "people" need to go public. Rovers do like a confidentiality clause....
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eppinggas
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Post by eppinggas on Sept 18, 2015 17:32:38 GMT
Firstly i am sad i was the one who had to break this news - my reasons are honourable i assure you and i have spent many days considering whether i was right to do so I have known about this for a period of weeks and have given ample time for it to surface itself - Sadly it has not - I believe what i have passed on to be true and if proved otherwise i am fully prepared to fall on my sword and apologise fully for being wrong as well as lose any respect i may/may not have from Gasheads - i feel supporters deserve to know something if it has a bearing on the future of the club we love and not just known to a few - i am also not a fan of 'i know something you don't know' and think everyone has the right to do know if its 'out there' my tin hat is firmly on and i know i will come in for plenty of stick in fact its already begun - that is my issue and i will have to live with it - thanks for some of the kind comments and i promise you i have only done this because i genuinely feel its the right thing to do and will of course keep you updated if i find out anything new Cheers and UTG - JTS Well done Sir. Someone with the b*llocks to stand up and share something of real value. This is in stark contrast to the usual 'in the know' gob-sh*tes who hint at things without adding any value to their smug "we know more than you" stance. This does tie in with a conversation I had with Alistair Durden outside the High Court - who said there were investors waiting in the wings, but NH was refusing to engage. Keep up the good work Jon.
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Post by Henbury Gas on Sept 18, 2015 17:34:58 GMT
You have no way of knowing that. It's also very dangerous to make statements like that as it could be deemed libellous. What a surprise - That's Life threatening people with litigation again. At least he's consistent. ![VNJK](//storage.proboards.com/5622478/images/sOgKbwbDY7NkcpmpujwF.gif)
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Post by bs20gas on Sept 18, 2015 17:37:09 GMT
so if im reading this right Ina nutshell "people" want to build us a new stadium but N.H. wont let them because he is wanting some money he put in to the club back and hes holding out in the hope of winning some back through the appeal ? You have no way of knowing that. It's also very dangerous to make statements like that as it could be deemed libellous. im asking whats happening hence the question mark.i know nothing and im just wanting to know whats going on.
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