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Post by badbloodash on Feb 21, 2016 12:50:43 GMT
agree its standard operating procedure, rightly or wrongly Something that the previous Board could never understand is that a football club is not a standard company. Sorry I didn't mean I agreed with it just that that's the done
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Deleted
Joined: January 1970
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Post by Deleted on Feb 21, 2016 12:58:37 GMT
Why should DC be upset?
Unlike the previous regime and the path we were (maybe still are) on unless we won the court case then the financial position of the club was most likely untenable and therefore so were jobs.
This takeover sorts that out in the short term as I understand it the debts are to be paid off.
The next attack must be the operating losses and negative cash flow, that will require additional funds over the share purchase price, the debt repayment and reorganisation costs.
I cannot imagine this finance group with their banking background will be tolerant of negative cash flows and operating losses season after season, their response will be interesting to say the least.
I do smile at the euphoria, as if some act of philanthropy had occurred. These guys will have done this for hard nosed business and profit reasons, some of which will be incompatible with the aspirations of fans. So before we start toasting a bright new future I do suggest we wait to see what that future is.
Having said that nothing could be worse than what has gone on over the past 6 years.
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Deleted
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Post by Deleted on Feb 21, 2016 13:05:37 GMT
Exactly how I feel. These people don't need to shaft us by selling our home to make a quick buck, I'm more than happy. As soon as Watola is got rid of the better. No doubt the new owners will treat him with more dignity than was afforded Steve Burns and the other innocents who were unceremoniously shown the door. Love the way Nick Day's attempt to tap the new owner up for a tenner was dealt with
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Post by tanksfull on Feb 21, 2016 13:10:32 GMT
Something that the previous Board could never understand is that a football club is not a standard company. Sorry I didn't mean I agreed with it just that that's the done Not suggesting you did. "Previous Board" now that's a wonderful expression!!! I can see positive reasons for making the announcement on Friday. However, whilst noting that the deal wasn't signed until just before the announcement, a bit of thought and keeping DC in the loop might have helped win a game the next day. As said above it's just as well we didn't lose.
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Post by tanksfull on Feb 21, 2016 13:22:41 GMT
Why should DC be upset? Unlike the previous regime and the path we were (maybe still are) on unless we won the court case then the financial position of the club was most likely untenable and therefore so were jobs. This takeover sorts that out in the short term as I understand it the debts are to be paid off. The next attack must be the operating losses and negative cash flow, that will require additional funds over the share purchase price, the debt repayment and reorganisation costs. I cannot imagine this finance group with their banking background will be tolerant of negative cash flows and operating losses season after season, their response will be interesting to say the least. I do smile at the euphoria, as if some act of philanthropy had occurred. These guys will have done this for hard nosed business and profit reasons, some of which will be incompatible with the aspirations of fans. So before we start toasting a bright new future I do suggest we wait to see what that future is. Having said that nothing could be worse than what has gone on over the past 6 years. I don't think he will be or is long term. For him it's all of the above and possibly more (who knows?). If the announcement had been a few days before a game it would have had time to sink in and be assessed. However it is a bit of a bombshell to recieve on a Friday when you have a game to play 24 hours or so later. I very much doubt that his job is in any danger at all at present. If it is then clearly the new owners are not what they appear to be. First impression is a very good future.
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Deleted
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Post by Deleted on Feb 21, 2016 13:25:41 GMT
Why should DC be upset? Unlike the previous regime and the path we were (maybe still are) on unless we won the court case then the financial position of the club was most likely untenable and therefore so were jobs. This takeover sorts that out in the short term as I understand it the debts are to be paid off. The next attack must be the operating losses and negative cash flow, that will require additional funds over the share purchase price, the debt repayment and reorganisation costs. I cannot imagine this finance group with their banking background will be tolerant of negative cash flows and operating losses season after season, their response will be interesting to say the least. I do smile at the euphoria, as if some act of philanthropy had occurred. These guys will have done this for hard nosed business and profit reasons, some of which will be incompatible with the aspirations of fans. So before we start toasting a bright new future I do suggest we wait to see what that future is. Having said that nothing could be worse than what has gone on over the past 6 years. Oldie, your last sentence sums everything up precisely.
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Deleted
Joined: January 1970
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Post by Deleted on Feb 21, 2016 13:31:39 GMT
Why should DC be upset? Unlike the previous regime and the path we were (maybe still are) on unless we won the court case then the financial position of the club was most likely untenable and therefore so were jobs. This takeover sorts that out in the short term as I understand it the debts are to be paid off. The next attack must be the operating losses and negative cash flow, that will require additional funds over the share purchase price, the debt repayment and reorganisation costs. I cannot imagine this finance group with their banking background will be tolerant of negative cash flows and operating losses season after season, their response will be interesting to say the least. I do smile at the euphoria, as if some act of philanthropy had occurred. These guys will have done this for hard nosed business and profit reasons, some of which will be incompatible with the aspirations of fans. So before we start toasting a bright new future I do suggest we wait to see what that future is. Having said that nothing could be worse than what has gone on over the past 6 years. Oldie, your last sentence sums everything up precisely. It's been going on longer than 6 years. But, apart from the bloke who hadn't even considered the cost of relegation, they are all gone, so it's onwards and upwards, at long last
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Angas
Joined: May 2014
Posts: 2,068
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Post by Angas on Feb 21, 2016 14:38:27 GMT
Why should DC be upset? Unlike the previous regime and the path we were (maybe still are) on unless we won the court case then the financial position of the club was most likely untenable and therefore so were jobs. This takeover sorts that out in the short term as I understand it the debts are to be paid off. The next attack must be the operating losses and negative cash flow, that will require additional funds over the share purchase price, the debt repayment and reorganisation costs. I cannot imagine this finance group with their banking background will be tolerant of negative cash flows and operating losses season after season, their response will be interesting to say the least. I do smile at the euphoria, as if some act of philanthropy had occurred. These guys will have done this for hard nosed business and profit reasons, some of which will be incompatible with the aspirations of fans. So before we start toasting a bright new future I do suggest we wait to see what that future is. Having said that nothing could be worse than what has gone on over the past 6 years. I don't think he will be or is long term. For him it's all of the above and possibly more (who knows?). If the announcement had been a few days before a game it would have had time to sink in and be assessed. However it is a bit of a bombshell to recieve on a Friday when you have a game to play 24 hours or so later. I very much doubt that his job is in any danger at all at present. If it is then clearly the new owners are not what they appear to be. First impression is a very good future. The impression I got was that DC and the players found out the news in bits and pieces, as we all did. Had it been a straightforward announcement at say 10am giving them a basic summary of what was happening that might have been different, but I know I was on tenterhooks with each piece of news that was drip fed to us and I can imagine it was the same for them.
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Feb 21, 2016 16:19:28 GMT
As many of you know I'm a reasonably regular contributor to this forum and have been regularly critical of how poorly the club is managed operationally and commercially. However I travel from Newport every home game with four others and often to away games where I share lifts with various others from Bristol. None of them won't have a bad word to say about Nick Higgs, a number of whom personally know him and are very scathing of the opinions of both forums towards him. They strongly consider that he and the board have been very unlucky with the developments of both stadiums and that he and others have done all they can to invest money in the club as much as they have been able to afford. It's not necessarily a view I support but just because a number of this forum may have a negative opinion of what has transpired these last few years including the more recent ones there are substantial numbers of our fans who don't share that negative view. Like the rest of you I'm hoping for a new start and an opportunity to be able to compete on a more even financial footing with our not so noisey neighbours because quite clearly without a new wealthy investor who is prepared to change the way the club does operate we were going to continue as 'rag bag' Rovers or if the very worst were to happen as some were predicting not continue at all
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Post by ceejayjay on Feb 21, 2016 18:36:59 GMT
Anyone spot the owner sitting behind the fourth official, at the Chelsea match. Picture on Twitter posted by Bristol Post
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Deleted
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Post by Deleted on Feb 21, 2016 18:51:53 GMT
Anyone spot the owner sitting behind the fourth official, at the Chelsea match. Picture on Twitter posted by Bristol Post I keep reading this but what does it matter? We all know he is a Chelsea fan, he told us himself. He is in the UK after buying our beloved club and I suggest he will be back in Bristol tomorrow and starting the hard process of turning our club around. So he took the afternoon off to watch some football. You never know he may be asking can we loan some of the players not getting a game, we can afford to pay them now.
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Post by nrthcmngas on Feb 22, 2016 2:27:26 GMT
I think it's pretty sad really, the fact people are so excited just shows football is about money more than anything else. I hope the Rich Arabs do bring us success, but how can you get passionate about something that is more about balance sheets than people. I wish we were fan owned battling against the odds but still seeing steady success. I would feel passionate about that, this just feels like we've just gained the ability to cheat with the best.
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Post by PeterHooper57 on Feb 22, 2016 2:52:13 GMT
I think it's pretty sad really, the fact people are so excited just shows football is about money more than anything else. I hope the Rich Arabs do bring us success, but how can you get passionate about something that is more about balance sheets than people. I wish we were fan owned battling against the odds but still seeing steady success. I would feel passionate about that, this just feels like we've just gained the ability to cheat with the best. How are Rovers cheating ? the club has been up for sale for years, and Higgsie has sold it on, get over it, upwards and on-wards; Wael seems a top bloke to me, only time will tell how he will get on. I go home and away, have been watching the Gas for a long time, never though about a balance sheet once, often thought "I wonder if I will every see BRFC play in a better ground than eastville", maybe now I might. UTG
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Post by nrthcmngas on Feb 22, 2016 2:57:16 GMT
Just hoping they back Darrell like they say. Easily the best manager we've had in years and someone who given the right backing can deliver us what we want on the field. He'll have a very good managerial career and have success so here's hoping that's with us. Definitely the best manager we've had since Gerry Francis. Let's just hope they don't bring I'm some Billy big bollocks without giving him a chance
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Post by nrthcmngas on Feb 22, 2016 3:06:07 GMT
I think it's pretty sad really, the fact people are so excited just shows football is about money more than anything else. I hope the Rich Arabs do bring us success, but how can you get passionate about something that is more about balance sheets than people. I wish we were fan owned battling against the odds but still seeing steady success. I would feel passionate about that, this just feels like we've just gained the ability to cheat with the best. How are Rovers cheating ? the club has been up for sale for years, and Higgsie has sold it on, get over it, upwards and on-wards; Wael seems a top bloke to me, only time will tell how he will get on. I go home and away, have been watching the Gas for a long time, never though about a balance sheet once, often thought "I wonder if I will every see BRFC play in a better ground than eastville", maybe now I might. UTG so it's of no concern a bunch of foreigners taking over the club? Not if they have enough money it seems, lol. The only Jordan I know is the one with big tits, might be better for half time entertainment than those fat birds we had before!
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Post by CabbagePatchBlues on Feb 22, 2016 6:21:51 GMT
Fog in the Channel, the continent is isolated.
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Post by interceptor on Feb 22, 2016 7:02:47 GMT
There are very few clubs that bounce out of the conference quickly, testimony to DC's team management and motivational skills. We are now up in the playoff places and that has been achieved on a limited budget, with the same skeleton of last years team. We have other clubs sniffing around many of our players, that has not happened, other than for the odd player, for quite a few seasons. Conclusion - DC is doing a great job, suspect he will be allowed to continue. If you want to have a club with any chance of success you need significant backing and the majority of the top two leagues have foreign owners or very significant foreign shareholdings. The days of local man made good gives you 3,4,5th tier football (actually with some exceptions like City). Look how quickly lottery winners bail out when they realise £20m is not long enough and they won't have anything left soon; Torquay and Newport are the two most local examples. Football is a global sport and many countries don't have the structure and heritage of our league system, therefore investment with any hope of success in their own countries is limited. They look at England / wales and see the best league structure in the world. The fact is in football now the higher you aim the more money you need. To be sustained in the championship costs a fortune, just look at what it costs Lansdown, and he is no mug, why has he pulled every sport he can together under bristol sport - to sweat his assets of which the biggest two are stadium and fans!
If you don't invest you will slip back. If you offer and old product made on old machinery you will have a limited, ageing and declining customer. If you want to buy LP's, go to a photo processing shop, quickly make a call in a telephone box, bang out a letter on your typewriter and you are thrilled to tell your mates you have just got a car with a cassette player...........you are going to need to travel to Wrexham, Stockport, Hereford or more locally Torquay for your football.
I feel desperately sorry for those teams and fans and I am not ridiculing them. I feel excited and energised about our potential now. The fact that anyone has invested in BRFC is because of the fans - without us there would not be a club.
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Post by CabbagePatchBlues on Feb 22, 2016 8:04:25 GMT
*I feel desperately sorry for those teams and fans and I am not ridiculing them.*
Especially if they continue to be run by 'a bunch of megalomaniacal xenophobes'
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Post by Bernard Briggs on Feb 22, 2016 11:48:26 GMT
I think it's pretty sad really, the fact people are so excited just shows football is about money more than anything else. I hope the Rich Arabs do bring us success, but how can you get passionate about something that is more about balance sheets than people. I wish we were fan owned battling against the odds but still seeing steady success. I would feel passionate about that, this just feels like we've just gained the ability to cheat with the best. "Cheat" is not the right word, but the rest of what you say, I agree with 100%.
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Feb 22, 2016 20:16:35 GMT
I think it's pretty sad really, the fact people are so excited just shows football is about money more than anything else. I hope the Rich Arabs do bring us success, but how can you get passionate about something that is more about balance sheets than people. I wish we were fan owned battling against the odds but still seeing steady success. I would feel passionate about that, this just feels like we've just gained the ability to cheat with the best. "Cheat" is not the right word, but the rest of what you say, I agree with 100%. I think the right word is 'compete'
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