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Post by a more piratey game on Apr 12, 2017 22:49:21 GMT
Or, there's agreement in principle / heads of terms. Lawyers now have to write and agree that in a contract. Once that's done, and signed, they'll announce it No idea, personally. That's how see it Seth. just wondering - do you hear of any change out there CIS?
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Deleted
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Post by Deleted on Apr 14, 2017 18:01:08 GMT
just wondering - do you hear of any change out there CIS? Heard that it's a stand off. Freehold or bust.
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Post by a more piratey game on Apr 14, 2017 18:07:28 GMT
just wondering - do you hear of any change out there CIS? Heard that it's a stand off. Freehold or bust. ooh - that does make sense
it means that it wasn't the 'done deal' though
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Deleted
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Post by Deleted on Apr 14, 2017 19:17:28 GMT
just wondering - do you hear of any change out there CIS? Heard that it's a stand off. Freehold or bust. I am firmly of the opinion that any football club who owns their own stadium, and the land it's built on, can always rely on that fact to survive financial calamity. It is when a club become rent-paying tenants that things seem oft to go so wrong, as the club have so limited assets and are so dependent on the landlord. If the club's position is Freehold Or Bust, then I support this absolutely. Higgs selling the club's crown jewels to fund his escape (and repayment), leaving us UWE's tenants never sat well with me. With bizarre hindsight, I'm glad Sainsbury's killed the idea.
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Deleted
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Post by Deleted on Apr 14, 2017 22:28:23 GMT
Heard that it's a stand off. Freehold or bust. ooh - that does make sense
it means that it wasn't the 'done deal' though
Apparently not. 🤔
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Deleted
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Post by Deleted on Apr 15, 2017 16:38:53 GMT
Heard that it's a stand off. Freehold or bust. I am firmly of the opinion that any football club who owns their own stadium, and the land it's built on, can always rely on that fact to survive financial calamity. It is when a club become rent-paying tenants that things seem oft to go so wrong, as the club have so limited assets and are so dependent on the landlord. If the club's position is Freehold Or Bust, then I support this absolutely. Higgs selling the club's crown jewels to fund his escape (and repayment), leaving us UWE's tenants never sat well with me. With bizarre hindsight, I'm glad Sainsbury's killed the idea. People were called rude names on here and accused of being 'anti Rovers' for asking for clarification about who would own what etc and questioning whether the Sainsbury's deal could actually be a bad thing. But there you go
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crater
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Post by crater on Apr 16, 2017 10:59:46 GMT
All we really know is that the new board do not like the original Higgs plan for the UWE and that as we are still in talks with the UWE, that the feasibility study must have concluded it was worth proceeding with. I still think it will happen but I have a hunch that if the board announce the UWE is not happening they will at the same time announce plans for a new stadium elsewhere or a revamped Mem
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Post by CountyGroundHotel on Apr 16, 2017 11:31:21 GMT
Heard that it's a stand off. Freehold or bust. I am firmly of the opinion that any football club who owns their own stadium, and the land it's built on, can always rely on that fact to survive financial calamity. It is when a club become rent-paying tenants that things seem oft to go so wrong, as the club have so limited assets and are so dependent on the landlord. If the club's position is Freehold Or Bust, then I support this absolutely. Higgs selling the club's crown jewels to fund his escape (and repayment), leaving us UWE's tenants never sat well with me. With bizarre hindsight, I'm glad Sainsbury's killed the idea. In any situation the Club won't own any new ground. It's just a question of if Dwane Sports own the freehold or leasehold and then we will lease from them.
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crater
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Post by crater on Apr 16, 2017 11:40:44 GMT
Think the point may be that the UWE do not want to sell the land
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dido
Predictions League
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Post by dido on Apr 16, 2017 11:41:32 GMT
CIS:"Heard that it's a stand off." So we're doing an Oxford?
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Deleted
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Post by Deleted on Apr 16, 2017 13:00:44 GMT
In any situation the Club won't own any new ground. It's just a question of if Dwane Sports own the freehold or leasehold and then we will lease from them. That is concerning then. But Dwane Sports is the big question regarding ownership, of the club, the ground, the land, etc. I don't know the purpose of Dwane Sports. Do any of us really? If Dwane Sports will be UWE landlords and BRFC their tenants... then who owns what at the Memorial Ground?
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Post by CountyGroundHotel on Apr 16, 2017 13:45:02 GMT
In any situation the Club won't own any new ground. It's just a question of if Dwane Sports own the freehold or leasehold and then we will lease from them. That is concerning then. But Dwane Sports is the big question regarding ownership, of the club, the ground, the land, etc. I don't know the purpose of Dwane Sports. Do any of us really? If Dwane Sports will be UWE landlords and BRFC their tenants... then who owns what at the Memorial Ground? As per the last set of accounts the Club owns 100% of the Memorial Stadium Company who I believe in turn own the freehold of the Mem
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Deleted
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Post by Deleted on Apr 16, 2017 14:11:02 GMT
As per the last set of accounts the Club owns 100% of the Memorial Stadium Company who I believe in turn own the freehold of the Mem That's great. But the vast majority of BRFC was bought by the Al Qadi family, who own Dwane Sports also. Is BRFC now owned by Dwane Sports, or by the Al Qadi's themselves, directly? I have trouble remembering all this.
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Post by a more piratey game on May 1, 2017 10:29:41 GMT
so, I'm wondering, what might reasonably happen between now and August that might change the situation?
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Post by a more piratey game on May 1, 2017 10:36:22 GMT
Few rumours flying around this evening regarding an announcement. Anyone got anything concrete? I've just, 2 months later, seen the irony in the question
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Peter Parker
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Richard Walker
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Post by Peter Parker on May 1, 2017 10:55:00 GMT
Well this was posted on gaschat a day or so ago
dave1883gas said:Now the cat seems to be out of the bag I can elaborate. My understanding is that the deal was concluded last week with UWE at a meeting (Friday before last) and the price agreed for the freehold / leasehold of the land. The final piece of the jigsaw should now be the handover of the cheque / bank transfer for the said monies. I have no idea of length of time until an announcement is made but my source is a friend who I have known for quite a few years and I know would not pass on this info unless he / she was sure it to be correct. I don't think anyone knows if we have agreed to buy the freehold or agreed a long lease. Let's hope now that the funds are in situ to crack on. I wouldn't have though though that the club would agree a deal unless funds were in situ. There are also some exciting news / plans for the training ground coming. To be clear I would not post on here if I didn't believe the info to be correct although obviously it is only 3rd party info. I think it's finally happening people!
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Post by a more piratey game on May 1, 2017 11:15:32 GMT
I've just read that thread. gasincider, who I think I've met, also added the following, which reads as very plausible to me....
Last I heard was that everything ok other than UWE want guarantees in place to ensure the build once started will be completed. Apparently UWE wanted the Mem tied to the UWE as a guarantee of completion. Rovers refused, so the other way of doing it is by lodging a bond to guarantee it. Trouble is this is quite expensive.
I assume this is the cause of what is hopefully the last holdup.
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kingswood Polak
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Post by kingswood Polak on May 1, 2017 11:31:25 GMT
Think the point may be that the UWE do not want to sell the land I maybe wrong but because it was gifted they cannot sell it. That's how I understand it. Personally I've never been a fan of the UWE and have always said I'd much prefer a rebuilt mem. It's become home for me in any case. If it is freehold or bust then it's a peppercorn rent anyway, at least it was. Seems NH really was ready to do anything to be able to get his cash back then ride off into his holiday home. History will judge him a diabolically bad chairman. I suspect more will come to light in due course. Now, I can't help but wonder if the Al Qadi family will want to stay. I imagine that Wael's comments about running a football club being much more difficult, has a lot to do with this. I have always thought that the owners thought the stadium was basically ready to go and have found out they've stumbled into a minefield. I feel the longer this goes on, the more it becomes a no go thing. Just my opinion obviously but my gut feel is it ain't happening. I just dread the thought of going through the whole process again, planning and the rest etc. It may be the one reason the Al Qadi's stay though. I think the plan, prior to buying the club, was to build the stadium then move on. They are a banking family afterall
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Deleted
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Post by Deleted on May 1, 2017 11:33:25 GMT
I've given up on rumours and 'good sources'. The new owners seem to have plugged the leak of information, and rightly so.
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Peter Parker
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Post by Peter Parker on May 1, 2017 12:29:01 GMT
I've given up on rumours and 'good sources'. The new owners seem to have plugged the leak of information, and rightly so. I agree with that, but i did think that the post by Dave had enough 'detail' to be more than just any old rumour and certainly wasnt posted in the ITK stylee of others
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