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Post by Blue Mist on Aug 21, 2017 18:52:54 GMT
Just a stab in the dark but could the loan at 6%pa rather than giving the money as equity save the club money in tax.
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Post by PessimistGas on Aug 21, 2017 18:56:03 GMT
Not sure about unlimited funds, they aren't pouring in any funds. Asset stripping/making a quick buck etc. is rather extreme, I certainly wouldn't go that far, my main concern would be what happens when the £10m runs out, or if the family decide they've had enough? Higgs, Dunford etc may have been incompetent but I don't think it is it question that they are both fans who love the club. What do you actually know about the family to justify such blind faith? Wael is clearly emotionally invested, I doubt the same can be said for people who actually call the shots. But thats the question. I doubt the family would have given Wael such a toy to play with as it were without knowing it would cost them a few quid, unless they grossly underestimated the riches of a 4th division football club. That's exactly my concern to be honest. I fear that they may have grossly underestimated the ongoing costs and level of investment required and are now pulling back.
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bs5
Joined: June 2014
Posts: 456
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Post by bs5 on Aug 21, 2017 20:03:54 GMT
I think Wael is a football man who is in this for right reasons (unless he is the world's greatest liar). I am am unsure of the family's motives or what exactly they are hoping to get out of it, but Swiss has summed up my concerns perfectly. Wael has stated the loan isn't a loan but an investment, in which case why not put the money in as equity? It doesn't add up. Thing is everything we ‘know’ can be cut so many different ways. Wael might be into football, but ultimately the family own the club and I can only guess given the nature of their business they aren’t into vanity projects. They aren’t in the same league of Steve Lansdown who can sink a small fortune into a football club because he wants to.
To rip up UWE and go back to square one must be costing Dwane /The Al-Qadi’s in it’s self, because what are they gaining. UWE must have been one s*** deal when you look at it like that, because on the face of it, it should generate more revenue. If these apparent consortiums lurking in the background are there, when were/are they known to the Al-Qadi’s? If they were known of (and the Al-Qadi’s wanted to sell) surely there was an argument for Dwane Sports to proceed with the UWE and ‘increase’ the value of BRFC, knowing they could sell up at a good price
Not sure if they would get a good price though as all we would own was the stadium not the land it would of been built on having then our only asset to sold off thereafter
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 21, 2017 20:11:35 GMT
Just a stab in the dark but could the loan at 6%pa rather than giving the money as equity save the club money in tax. You have to make money to pay tax.
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Post by Colyton Gas. on Aug 21, 2017 20:19:14 GMT
Really depressing when we see other club's new shiny stadiums with superb facilities for visiting fans.Please time to stop the Bulls*** and get on with it.Be patient!! I'm 71 and have been waiting longer than most.So many hopes dashed over so many years and the vibes don't suggest any real ambition from within.Bloke who was supposed to oversee the new build long gone,,18 months of totally no updates so I like many others assumed it was all on course.Bolton fans called our tent,'Like something out of Chernobyl. Chairman's 'Crazy Gang' comments didn't suggest much hope but I will still support the Gas as I did in the Conference. DC ,thanks for your loyalty but the need to 'Improve the Infrastructure' seems as far away as ever.DC deserves better End of rant.See you at Craven Cottage!!!!!
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Post by badbloodash on Aug 22, 2017 5:25:17 GMT
If what people are saying Dwayne are charging us 6% per month it won't be long before we are bust 72% per annum on 10 million is 3 times what the club generates per season anyone know where I can get 6% per month Your maths is out. I stand corrected only going on kp original post of 6 % per month Swiss gas saying 6% per annum but my maths were right but even if we are paying 600 k per annum that's a fair chunk of our income gone
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,261
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Post by kingswood Polak on Aug 22, 2017 12:18:14 GMT
Not sure about unlimited funds, they aren't pouring in any funds. Asset stripping/making a quick buck etc. is rather extreme, I certainly wouldn't go that far, my main concern would be what happens when the £10m runs out, or if the family decide they've had enough? Higgs, Dunford etc may have been incompetent but I don't think it is it question that they are both fans who love the club. What do you actually know about the family to justify such blind faith? Wael is clearly emotionally invested, I doubt the same can be said for people who actually call the shots. But thats the question. I doubt the family would have given Wael such a toy to play with as it were without knowing it would cost them a few quid, unless they grossly underestimated the riches of a 4th division football club. Some sums must have been done with the UWE project over the 18 months, so what about it, makes it so unviable to them, that staying at a run down Mem (which we all doubt will get redevloped) is a better option. At best, they will sell up for nothing and expect their loan/investment/interest paid back over a period of time. This is what I believe/fear will happen. It does seem one of the posters of otib was pretty spot on. I'd love to know how he/she gets their information so early
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,261
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Post by kingswood Polak on Aug 22, 2017 12:20:58 GMT
I stand corrected only going on kp original post of 6 % per month Swiss gas saying 6% per annum but my maths were right but even if we are paying 600 k per annum that's a fair chunk of our income gone Sorry Dave, I misread then posted wrong information. Lesson learned
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Aug 22, 2017 12:43:37 GMT
I stand corrected only going on kp original post of 6 % per month Swiss gas saying 6% per annum but my maths were right but even if we are paying 600 k per annum that's a fair chunk of our income gone Just to be a picky little sh!t for a moment, 6% per month compound would have been 101.2% a year, not 72%...
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Post by badbloodash on Aug 22, 2017 20:06:40 GMT
I stand corrected only going on kp original post of 6 % per month Swiss gas saying 6% per annum but my maths were right but even if we are paying 600 k per annum that's a fair chunk of our income gone Just to be a picky little sh!t for a moment, 6% per month compound would have been 101.2% a year, not 72%... Yes you're right 101.2% and you probably are a little s**t
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Post by richmace on Aug 25, 2017 23:40:50 GMT
It seems like we (as a fanbase) have gone through the whole range of emotions regarding the Al-Qadi family. From the early days where we thought we had a Chelsea situation and an owner that would quickly propel us to the Premier League, to the current situation where we are talking about asset stripping and being kicked out of the football league.
Both extremes are nonsense, of course. It is a shame that we have not got owners who will invest significant immediate cash in our football club, I will grant that. We all hoped that was the case. I do not think that they are going to pull the plug either.
So, we are left somewhere in the middle.
I do admit to feelings of nervousness though. All is not well at Bristol Rovers FC, the seas are not calm and things are not going according to plan.
Things I like:
1. The training ground idea. 2. Redeveloping The Mem. 3. The investment in the first team.
Things I don't like:
1. The whole UWE situation. It stinks and does not feel right. 2. The lack of vision. That worries me.
We, as a club, appear to be as "lost at sea" as we have always been, and that is not good. Surely being organised and having a plan is the easiest thing that an organisation can have...
If there is a plan, then I would like to see it. I am still 100% on the side of the current board but the next few months are critical. Fingers crossed they can deliver. If not, then we are back to square one. Again.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 27, 2017 14:19:19 GMT
End of 85/86 season they were going to walk and if g.d.hadn't taken it on who knows wHethersett we would have a club to worry about History suggests that we would have done - there is not a single historic club that has ceased to exist in its entirety. Sure, some have reformed etc - that's the nice thing about English football, no matter how dire the circumstances there's always a way back. Even Bradford Park Avenue still exists. So do Hereford but can you imagine rovers in the same league as frome town
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 27, 2017 14:36:45 GMT
Just a stab in the dark but could the loan at 6%pa rather than giving the money as equity save the club money in tax. You don't pay tax on trading losses
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 27, 2017 15:19:38 GMT
History suggests that we would have done - there is not a single historic club that has ceased to exist in its entirety. Sure, some have reformed etc - that's the nice thing about English football, no matter how dire the circumstances there's always a way back. Even Bradford Park Avenue still exists. So do Hereford but can you imagine rovers in the same league as frome town Having watched us at Dartford, Altrincham and Welling... yes.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2017 19:12:28 GMT
So do Hereford but can you imagine rovers in the same league as frome town Having watched us at Dartford, Altrincham and Welling... yes. That was division 5 not 3 divisions below that
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2017 19:20:10 GMT
Having watched us at Dartford, Altrincham and Welling... yes. That was division 5 not 3 divisions below that The question was could I imagine it. The answer is yes.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2017 19:35:43 GMT
That was division 5 not 3 divisions below that Point taken, and sorry for splitting hairs. But, I do not get this fifth division. English football has had only four leage divisions all my life. Below that has always been the (Vauxhall, etc) Conference. This include a number of part-time 'grass-roots' clubs. Rovers' relegation to the conference was an abhorration. Our Latvian friend remembers watching Rovers at some of these little clubs. Fans who did can imagine seeing Rovers anywhere. I only did back when their kind were our easier pre-season friendlies. Let's keep such clubs for this. People had fun once in the conference, but let us never again see Rovers there. It's not the fifth division; it's non league. Forest Green and Yeovil are at liberty to return there. Our Rovers cannot: this mid third division should be our lower resting point. Fifth divison my tail.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2017 19:47:52 GMT
That was division 5 not 3 divisions below that Point taken, and sorry for splitting hairs. But, I do not get this fifth division. English football has had only four leage divisions all my life. Below that has always been the (Vauxhall, etc) Conference. This include a number of part-time 'grass-roots' clubs. Rovers' relegation to the conference was an abhorration. Our Latvian friend remembers watching Rovers at some of these little clubs. Fans who did can imagine seeing Rovers anywhere. I only did back when their kind were our easier pre-season friendlies. Let's keep such clubs for this. People had fun once in the conference, but let us never again see Rovers there. It's not the fifth division; it's non league. Forest Green and Yeovil are at liberty to return there. Our Rovers cannot: this mid third division should be our lower resting point. Fifth divison my tail. With automatic relegation from the 4th tier (League 2)then the Conference (whatever) becomes the 5th division. To be honest I really enjoyed that season,I much preferred the relaxed attitude and being treated like a person instead of a potential menace by stewards and staff. I wonder if football has become more interesting with automatic relegation from the league rather than the re-election farce ? Sad though that over the years many former league clubs have been unable to regain league status (yet ) and some history has been lost,the good thing is that those clubs do survive in some form.
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Deleted
Joined: January 1970
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Post by Deleted on Aug 27, 2017 20:54:46 GMT
To be honest I really enjoyed that season,I much preferred the relaxed attitude and being treated like a person instead of a potential menace by stewards and staff. I wonder if football has become more interesting with automatic relegation from the league rather than the re-election farce? Sad though that over the years many former league clubs have been unable to regain league status (yet) and some history has been lost, the good thing is that those clubs do survive in some form. I can agree with this. With automatic relegation from the 4th tier (League 2)then the Conference (whatever) becomes the 5th division. I cannot agree with this though. Your logic is faultless. But for reasons I can neither explain nor justify, I cannot accept there is a fifth division. It is fundamentally different somehow.
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