Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 29, 2016 12:17:42 GMT
When is that book coming out? I'm sure GD said he was going to write one. Could it possibly be that a member of the previous Board was telling lies? Surely not. Dunsford's Diaries is out soon.
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Post by droitwichgas on Nov 29, 2016 22:19:58 GMT
2 points Bamber ~ as far as I remember Higgs was not prepared for us to lose to Sainsbury as we had a "watertight" case. If you recall the talk (from certain Board member(s) with loose lips) was that other directors were not prepared to cough up any more money and it was not certain Higgs had the desire or intent to fork out his own money to meet the loan rollover for MSP either. Had that not been met MSP could have taken the stadium to meet BRFC obligations and that administration could have followed if working capital wasn't available. The Bank certainly wasn't prepared to bail us out. But anyway that's the past and I am sure when GoD's book comes out we will all know another side to the story.. I think that Higgs was being advised that the case was worth fighting and that he stood a good chance of getting Sainsbury's to be ordered to cover all costs associated with the MSP loan, I always thought we would lose, and was called some rude names for saying so, but there you go Ref administration, was never going to happen. Higgs wouldn't have handed over control of the stadium for the sake of £3m, the only way that would ever have happened, regardless of what other directors were playing at, is if he literally didn't have the money to pay MSP. Didn't TW suggest they kept the court case open because once that died so did any hope of getting an investor to buy the club/build the UWE, to be fair it seems a plan that worked, by the skin of the club's teeth. Not really sure what Plan B was if Wael had bought the Gills instead!
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Post by mrbluesky on Nov 29, 2016 23:27:06 GMT
directors gone zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 29, 2016 23:39:24 GMT
I think that Higgs was being advised that the case was worth fighting and that he stood a good chance of getting Sainsbury's to be ordered to cover all costs associated with the MSP loan, I always thought we would lose, and was called some rude names for saying so, but there you go Ref administration, was never going to happen. Higgs wouldn't have handed over control of the stadium for the sake of £3m, the only way that would ever have happened, regardless of what other directors were playing at, is if he literally didn't have the money to pay MSP. Didn't TW suggest they kept the court case open because once that died so did any hope of getting an investor to buy the club/build the UWE, to be fair it seems a plan that worked, by the skin of the club's teeth. Not really sure what Plan B was if Wael had bought the Gills instead! I don't remember Watola saying that. And if he did it looks like he was wrong because the club was only sold after the case was lost. My guess, and that's all it is, just a guess, is that Plan B could have been for Higgs to pay off MSP, then struggle by as we have been, maybe selling the car park to a developer to get back the money he had lost.
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Post by o2o2bo2ba on Nov 30, 2016 6:25:07 GMT
So a director has gone and it's been a week.
No one here really understands the implications of this.
No one here has really mourned the loss.
In fact, unless he has had directly impacted on our downturn on-pitch form, no one has felt his loss on a supporter level. He wasn't and isn't a GasHead.
His services can be replaced, so as much as it's nice to be informed a little about what's going on, I see this as a subject we move quickly on from because my faith is in club owners to put people in place that has their heads and hearts in taking our club forward..
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