Igitur
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Post by Igitur on Nov 27, 2015 10:20:02 GMT
So, apart from a cute question from GD and DC undermining Nicholls what else came out of the meeting of note?
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kingswood Polak
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Post by kingswood Polak on Nov 27, 2015 15:47:15 GMT
So, apart from a cute question from GD and DC undermining Nicholls what else came out of the meeting of note? Such a rush of replies I tweeted the SC about having a live feed but they said that, even though they wanted to do so, the signal was crap. I remember Ben ( dinsdale) doing it last time there was a Q&A or should I say Q&Q lol. I guess it can't have been all that memorable ?
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Peter Parker
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Post by Peter Parker on Nov 27, 2015 17:27:49 GMT
From.FB
Nick Higgs on the Stadium at last night's Supporters Club AGM: The hearing at the Court of Appeal is about holding Sainsbury's to the original terms of the contract, £30.05 million. It is not about compensation although he did add the club will be seeking an extra £5 million to compensate them for delays, rising costs etc. The hearing will be heard by a panel of three judges who will listen to the solicitors arguments. If we win Sainsbury's do technically have the right to appeal to the Supreme Court or the European Court of Human Rights but they are not certain to get a hearing and probably wouldn't go that far because of the negative PR. Interestingly he added that there around 20-30 other organisations who are suffering from a Sainsbury's change of mind who are waiting to see how our appeal goes before commencing their own action against them.
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Peter Parker
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Post by Peter Parker on Nov 27, 2015 17:28:02 GMT
From.FB
Nick Higgs on the Stadium at last night's Supporters Club AGM: The hearing at the Court of Appeal is about holding Sainsbury's to the original terms of the contract, £30.05 million. It is not about compensation although he did add the club will be seeking an extra £5 million to compensate them for delays, rising costs etc. The hearing will be heard by a panel of three judges who will listen to the solicitors arguments. If we win Sainsbury's do technically have the right to appeal to the Supreme Court or the European Court of Human Rights but they are not certain to get a hearing and probably wouldn't go that far because of the negative PR. Interestingly he added that there around 20-30 other organisations who are suffering from a Sainsbury's change of mind who are waiting to see how our appeal goes before commencing their own action against them.
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Post by Jon the Stripe on Nov 27, 2015 17:30:12 GMT
Off top of my head so don't be hard on me!
NH - Court case either 26/27th Jan with 3 judges NH - All or nothing case - Win - get circa £35 (inc costs etc) Lose - Get fukk all NH - Confident of winning NH - If lose there is a Plan B but will not go into details NH - The AVG thingy shouldnt be a problem NH - The contract with UWE has elapsed NH - Have been approached by at least 12 interested parties BB - Shop takings well up BB - we're going to Sabadell and fun shall be had by all
DC -GK position is a massive concern DC -2 players have deals for next season DC -Rotation of squad will continue as its his way DC - Still demanding his players get top 7 finish DC - 154 corners 1 goal I'm gutted! DC - Lines gets drawn back too often/Ellis just needs a clip round ear now and again/New lad (ginger) could do well/We're so close to being a good side/Fine margins/ Get the bloody beers in!
Goodnight and UTG - JTS
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Post by onedaytheuwe on Nov 27, 2015 17:48:29 GMT
JTS
I don't want to come across as attacking you or even Henbury Gas who I often challenge about his so called positive opinions. However: isn't this yet another list of hopes : dreams and make belief ??. I mean these desires are no different than 3-5 years ago and NO concrete progress is being made.
It just feels we go from one wish -list to another in order to keep the GASMYTHOLOGY going ?. I am no more excited or zealous than I was 10 years ago when we were told the memorial stadium will be developed into a championship stadium supporting a championship team. Until I see with my own eyes real developments . I will take NO notice of spin : talk and ' next season will be our season'.
I am sad to say it as a Bristol Rovers fan. We do far too much talking but with very little evidence to back it up...
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Post by a more piratey game on Nov 27, 2015 17:58:47 GMT
DC - Lines gets drawn back too often/Ellis just needs a clip round ear now and again/New lad (ginger) could do well/We're so close to being a good side/Fine margins/ Get the bloody beers in! Goodnight and UTG - JTS :-) :-) :-)
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Post by Jon the Stripe on Nov 27, 2015 18:41:06 GMT
JTS I don't want to come across as attacking you or even Henbury Gas who I often challenge about his so called positive opinions. However: isn't this yet another list of hopes : dreams and make belief ??. I mean these desires are no different than 3-5 years ago and NO concrete progress is being made. It just feels we go from one wish -list to another in order to keep the GASMYTHOLOGY going ?. I am no more excited or zealous than I was 10 years ago when we were told the memorial stadium will be developed into a championship stadium supporting a championship team. Until I see with my own eyes real developments . I will take NO notice of spin : talk and ' next season will be our season'. I am sad to say it as a Bristol Rovers fan. We do far too much talking but with very little evidence to back it up... Totally agree One Day' but i aint no rose tinter and i aint no board basher i just say what i see/hear/feel at the time mate and i'll praise or criticise if that's how i feel - UTG
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Post by Topper Gas on Nov 27, 2015 18:54:11 GMT
The UWE contract has lapsed? Was anything else added about them being prepared to wait until the Sainsbury's saga is finally sorted or could they simply now do something else with the land earmarked for the stadium?
Also why do we need "Plan B" if we have upto 12 investors assumingly prepared to finance the UWE?
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The Gas
Joined: May 2014
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Post by The Gas on Nov 27, 2015 23:21:46 GMT
Herewith my synopsis of the questions and answers.
Consortium/|Investor and Sainsbury Appeal
I have covered that on a separate message.
Confidentiality Clause
GD asked a very clever question. He asked how many confidentiality clauses were in force. NH said about 12. GD asked if there were any recent ones. NH paused before answering, then said two. I could see where GD was coming from but after the meeting NH told me that he could understand that GD was getting at. Perhaps that is one of the differences between GD and NH
Local Amenity Application
He said it was nonsense. He has already had some legal advice. This is just a delaying tactic. This could delay selling The Mem by 6 weeks and 6 months. Even if someone can raise a similar figure to that offer to buy The Mem, we DO NOT have to sell it to that group
Sainsbury Advice On Appeal
NH is still confident we can win. It is £28m or nothing. There is no halfway house. BRFC and Sainsbury’s legal team will appear in Court arguing whether the original decision was correct or not. No mention was made of how quickly a decision will be granted. It is not expected that Sainsbury will make “an offer” on the steps of the Court.
Ration of Sainsbury Court Wins
NH did comment but I’m afraid I have forgotten what he said. Sorry it’s old age. He did say that there are other land owners in a similar position and are awaiting the outcome. I know there was a surveyor from an Asda “build” who was at Court to advise his cleint how the case went. Perhaps some other attendees can answer this question.
Thanks to DC For Giving Us Back Pride
A Gashead thanked DC for giving us back some pride. This was well received
Loans, Any More
Again, a bit flaky on his reply. I think he said that there have been no further loans and apart from the MSP loan, which is secured against the Stadium, all the other loans, to Directors are unsecured
UWE Contract With BRFC
NH said there is no current Contract in force for BRFC to build a stadium at UWE
Any Investment Must be For The Long Term
NH said that any potential investor MUST be able to invest for the long term, not just in the short term
Jamie Lucas
DC said that Jamie Lucas had done well whilst out on loan but I think he was hinting that in his opinion he is not in the postion to replace experienced strikers already in the team. He added that Blissett had gone on loan and from his comment it seemed to me he will not be returning.
PR Advisor
Comment was made by a Gashead that the PR Advisor seemed to have disappeared. NH appeared to say that there has been nothing of substance for his to report. My assumption – he was brought to deal with any publicity for the UWE project.
Profits – BRSC
BB said that profits had increased by 82% and that they have tried to sell small value items for kids.
Sadabell
BB gave a briefing on how this friendly came about. He apologised that John Keys was not mentioned in the press release. DC said he was up for the trip. Apparently Steve Yates and A N Other will visit the area in the next few weeks. BB said that Sadabell will be letting BRFC use their team coach, that Sadabell will put together details of travel, hotels etc. Players Contracts Easter and Sinclair are the only players that have a contract beyond the end of this season. DC did confirm that NO player had an option on their existing contract.
Goal Keeper
DC said that Nicholls loan will not be extended. He hinted he was not happy with his ability at “shot stopping”. Personally, I think he should not have said that in an open meeting, especially if Nicholls is expected to be the GK for the rest of his loan.
Corners, Free Kicks
DC agreed this is an area in which we have not been great. He stated that we have had around 150 corners and scored one goal from a corner. He confirmed that they DID practice these
Team Changes Even When We Win
Concern was raise why so many team changes, even when we win games. DC said he makes changes depending on the opposition and the tactics they may adopt.
Lines Easter Playing To Deep
I raised this question because a lot of supporters around me complain that these two players appear to be far too deep. I’ve often said to fellow supporters that it is no good complaining unless you know the instructions from the manager to the player. DC said that Lines has player too deep and this was not the instructions. That is why he dropped him for 5/6 games.
I think that covers about everything. I’m sure I may have omitted something, please feel free to correct anything.
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Peter Parker
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Post by Peter Parker on Nov 28, 2015 6:18:52 GMT
The Gas, i am only going by your comment of what was said on the ACV, but it makes no sense.
If it is a delaying tactic than it can be a problem to a degree as we could be delayed. who we sell it to is irrelevant so not sure what the point of that is
If TRASH for arguments sake offered us 30m and could pay it, it wouldnt matter to us if we sold it to them as we would have what we wanted.
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The Gas
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Post by The Gas on Nov 28, 2015 7:58:33 GMT
The Gas, i am only going by your comment of what was said on the ACV, but it makes no sense. If it is a delaying tactic than it can be a problem to a degree as we could be delayed. who we sell it to is irrelevant so not sure what the point of that is If TRASH for arguments sake offered us 30m and could pay it, it wouldnt matter to us if we sold it to them as we would have what we wanted. PP - only passing on what NH said during the Q & A and in private to several of us before the Q & A.
I suspect that NH and most Gasheads are frustrated by this action and he is saying even if they could raise £30m, BRFC do not have to sell to them.
In other words, even if you raise the money get stuffed. This is my own interpretation and are not any views held by BRFC, just in case TRASH or similar organisation are looking at this forum.
As you indicate if anyone offers the full amount that we have already been offered, it makes little difference who pays us.
NH did point out that apparently TRASH were legally wound up some time ago to avoid further legal costs, so how come they are making any comment.
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The Gas
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Post by The Gas on Nov 28, 2015 10:52:55 GMT
Before the Q & A, I had a question for BRSC about their finances. It was:-
"What do BRSC intend to do with the proceeds of the sale of Two Mile Hill and what rent are we now paying on this property.” 1 - I knew the answer to the first part of the question but wanted it out in the public domain. The answer was the proceeds of the sale after Capital Gains tax and some other costs will be used to fit out the BRSC room/bar in the new stadium. 2 – There is a lease for six years, with a break point at three years and the rent is £5,200 a year, £100 a week which appears cheap to keep a presence in Kingswood. Later we discussed the 50/50 draw, which generates about £25k for the Supporters Club each season. One thing I did not know and have never heard of is that whatever sum BRSC generate in the 50/50 draw, it is matched by a “football league” donation of the same amount. I said if that was the case, perhaps that needed to be published regularly to convince more people to buy tickets as several at the AGM also had never known this.
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The Gas
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Post by The Gas on Nov 28, 2015 11:13:40 GMT
The one question I did not ask before, during or after the Q & A was "Nick, when are you going to have a Q & A with all the supporters" I apologise for overlooking this.
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Post by droitwichgas on Nov 28, 2015 11:17:26 GMT
Loans
One issue not mentioned is NH apparently suggested we've not paid any of the interest payments on the MSP loan and they are simply being to the amount borrowed!
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The Gas
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Post by The Gas on Nov 28, 2015 12:50:30 GMT
Loans One issue not mentioned is NH apparently suggested we've not paid any of the interest payments on the MSP loan and they are simply being to the amount borrowed! Droitwich - There are about six items discussed between NH, myself and others before or after the Q & A but before posting these I have to ensure that what I post is correct.
Your item will be included.
Please bear with me, I'll post this extra info by this evening.
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The Gas
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Post by The Gas on Nov 28, 2015 13:21:17 GMT
Before the AGM, NH arrived and came straight over to three of us and had a wide ranging discussion and answered all the questions we asked, we did not ask him the questions we had prepared. After the AGM he came up to me and spent about 10 mins answering some more questions, nothing appeared to be off limits. He said:- 1 – The MSP loan is not being repaid in instalments. The interest is being added to the capital sum and will be repaid at the latest by the third quarter day of 2016 which I take to be 29th September 2016. So you work out the total cost, £2.6m @ 1.2% per month over a maximum period of 21 months. He did say that if the sale of The Mem went through earlier it would be repaid immediately and the balance of the sale would be used to build UWE. 2 – The takeover/consortium talks are advanced and going well. I have no idea if the investors NH is talking about is the Consortium that several of us have been talking about. They may be or maybe not separate entities. 3 – As and when the investment/takeover takes place he did say that although he wasn’t sure, he didn’t believe any shares would be available to fans. I find that difficult to accept if true, as it would bar fans from buying shares and attending any AGM. Also, BRSC would have no stake in BRFC. 4 – The funding will be in place, no matter what decision is made by the Appeal Court AND that the stadium will be for 21,700 as originally planned and fully fitted out 5 – He indicated that as and when the talks are successfully concluded, that a start date for building UWE could be between February and June 2016. The first date seems very ambitious, even if an investment/takeover is completed by the end of December 2015. I have said many times, quoting dates is a nonsense as it tends to “bit you on the bum” when the date quoted fails to materialise. 6 – We asked “what if two offers are received and they both met the financial requirements, ie £40+ million in a bank account acceptable to BRFC, would an EGM be called to enable Shareholders to consider both offers and give their views?”. NH said not necessarily. I found this answer amazing, yes NH holds around 54% of the voting shares so will always win in a “card vote”. However does he not owe a duty to all the Shareholders to let them know what has been offered and for them to have their say. NH seems to think not. I think that covers everything else.
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Deleted
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Post by Deleted on Nov 28, 2015 14:00:53 GMT
have i missed the post where nh agrees a consortium are in talks with the board ?
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Post by onedaytheuwe on Nov 28, 2015 14:13:23 GMT
He told them all down at the Evening post last week these stories are rumors. Is there several NH's
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The Gas
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Post by The Gas on Nov 28, 2015 14:15:46 GMT
have i missed the post where nh agrees a consortium are in talks with the board ? Bulbous - NH does not like the word Consortium, please refrain from that and use Investors.
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