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Post by a more piratey game on Aug 23, 2017 17:50:17 GMT
as mentioned before it seems strange to me, unless the Al Qadis are strapped for cash or the club is subject to takeover discussions, for the place to be cash-deprived - another odd thing
it is supposed to be in growth mode, not squeeze mode
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
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Post by kingswood Polak on Aug 23, 2017 18:07:54 GMT
I think you are spot on and I can see maybe a decent signing made just to confuse things a little more. I've now no doubt that the AQ family have not got the interest first shown BUT as long as we keep up a decent on field performance then it will keep many quiet and will maybe have others interested in the club With creditors waiting for their cash I think a signing who cost a fee would be enough for them to enforce action. It almost did when Nichols was signed. Blimey ! I didn't take these accusations seriously but I will now. Thanks |
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Post by tauntongas on Aug 23, 2017 18:08:12 GMT
I might be drawing a false summary here but based upon (largely) hearsay:
- Dwayne Sports/The Al Qadi's bought Rovers as an investment, seeking return on what they put in and maybe as a bit of a personal project for Wael
- They spend over a year negotiating with UWE about the use/lease of the planned stadium
- During this time, they spend significant funds on transfer fees, relaying the pitch and a large patch of land for a training complex (among other things)
- Then, they feel that they will not get the stadium deal that they think they need
- After all this, the club now has money troubles and Dwayne/Al Qadi's are thinking of selling the club?
I might be missing something here, so this is a sincere request to be filled in with anything I am getting wrong; however, this seems nothing short of business insanity, if it is true.
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Post by swissgas on Aug 23, 2017 18:09:59 GMT
Why would Rovers be liable for any costs incurred in connection with land owned by Dwane Colony Ltd which is registered in Jersey ?
I should think any winding up order against that company would only yield £4.00 and a brass plate.
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Post by PessimistGas on Aug 23, 2017 18:19:18 GMT
I might be drawing a false summary here but based upon (largely) hearsay: - Dwayne Sports/The Al Qadi's bought Rovers as an investment, seeking return on what they put in and maybe as a bit of a personal project for Wael - They spend over a year negotiating with UWE about the use/lease of the planned stadium - During this time, they spend significant funds on transfer fees, relaying the pitch and a large patch of land for a training complex (among other things) - Then, they feel that they will not get the stadium deal that they think they need - After all this, the club now has money troubles and Dwayne/Al Qadi's are thinking of selling the club? I might be missing something here, so this is a sincere request to be filled in with anything I am getting wrong; however, this seems nothing short of business insanity, if it is true. What I understand is that it isn't money troubles as such, but more that Hani, for whatever reason, has decided enough is enough and is pulling back. Don't know if this decision coincided with the charge on Mem, but it would appear to fit. The UWE contract sat on his desk for weeks ready to sign but he decided to pull out, pissing off Hamer and Wael. I think that showed in Hamer's car crash of an interview and Wael has been vague and unconvincing. With regards to the training ground, I believe Hani has decided that he doesn't want to spend the amount of money it will cost to build the standard of facility the club have promised. |
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Deleted
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Post by Deleted on Aug 23, 2017 18:19:43 GMT
Why would Rovers be liable for any costs incurred in connection with land owned by Dwane Colony Ltd which is registered in Jersey ? I should think any winding up order against that company would only yield £4.00 and a brass plate. Why would Wael allow threads like these to continue? He should either put out a statement to draw a line under it, tell NQSS to wind his neck in as he is spreading misinformation, or just pay the bloke who is owed money. Or is that simplistic? |
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Deleted
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Post by Deleted on Aug 23, 2017 18:21:17 GMT
Why would Rovers be liable for any costs incurred in connection with land owned by Dwane Colony Ltd which is registered in Jersey ? I should think any winding up order against that company would only yield £4.00 and a brass plate. Dwane Colony...hahaha it just keeps getting funnier, and presumably Rovers would have to pay rent to Dwane Colony for the use of the training facilities ( when they are built) ? |
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Deleted
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Post by Deleted on Aug 23, 2017 18:24:21 GMT
I might be drawing a false summary here but based upon (largely) hearsay: - Dwayne Sports/The Al Qadi's bought Rovers as an investment, seeking return on what they put in and maybe as a bit of a personal project for Wael - They spend over a year negotiating with UWE about the use/lease of the planned stadium - During this time, they spend significant funds on transfer fees, relaying the pitch and a large patch of land for a training complex (among other things) - Then, they feel that they will not get the stadium deal that they think they need - After all this, the club now has money troubles and Dwayne/Al Qadi's are thinking of selling the club? I might be missing something here, so this is a sincere request to be filled in with anything I am getting wrong; however, this seems nothing short of business insanity, if it is true. What I understand is that it isn't money troubles as such, but more that Hani, for whatever reason, has decided enough is enough and is pulling back. Don't know if this decision coincided with the charge on Mem, but it would appear to fit. The UWE contract sat on his desk for weeks ready to sign but he decided to pull out, pissing off Hamer and Wael. I think that showed in Hamer's car crash of an interview and Wael has been vague and unconvincing. With regards to the training ground, I believe Hani has decided that he doesn't want to spend the amount of money it will cost to build the standard of facility the club have promised. That's how I see it Pess. |
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Post by a more piratey game on Aug 23, 2017 18:29:43 GMT
What I understand is that it isn't money troubles as such, but more that Hani, for whatever reason, has decided enough is enough and is pulling back. Don't know if this decision coincided with the charge on Mem, but it would appear to fit. The UWE contract sat on his desk for weeks ready to sign but he decided to pull out, pissing off Hamer and Wael. I think that showed in Hamer's car crash of an interview and Wael has been vague and unconvincing. With regards to the training ground, I believe Hani has decided that he doesn't want to spend the amount of money it will cost to build the standard of facility the club have promised. That's how I see it Pess. want to speculate on what might happen next NQSS - maybe in 'reverse order of probabilities'? |
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Deleted
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Post by Deleted on Aug 23, 2017 18:36:10 GMT
That's how I see it Pess. want to speculate on what might happen next NQSS - maybe in 'reverse order of probabilities'? Sorry AMPG I haven't given it any thought. Most of the fanbase appear too be comfortable and I'm far removed from the club now. I know what I know because those involved have been nvolved with their support for the club for years and I consider them to be friends so I hope they get paid soon. |
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Post by swissgas on Aug 23, 2017 18:36:11 GMT
Why would Rovers be liable for any costs incurred in connection with land owned by Dwane Colony Ltd which is registered in Jersey ? I should think any winding up order against that company would only yield £4.00 and a brass plate. Why would Wael allow threads like these to continue? He should either put out a statement to draw a line under it, tell NQSS to wind his neck in as he is spreading misinformation, or just pay the bloke who is owed money. Or is that simplistic? I have no idea whether or not anyone is owed money for work done at the site designated to be a training ground but I should have thought the contracts for such work would have been with the owners of the land in which case any claims should be addressed to them. |
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Post by a more piratey game on Aug 23, 2017 18:41:05 GMT
want to speculate on what might happen next NQSS - maybe in 'reverse order of probabilities'? Sorry AMPG I haven't given it any thought. Most of the fanbase appear too be comfortable and I'm far removed from the club now. I know what I know because those involved have been nvolved with their support for the club for years and I consider them to be friends so I hope they get paid soon. me too last time we had no money a 'white knight' appeared if Hani has really decided that the club has to live on its cashflows, things will get sticky very quickly. And my guess is that, resultant family tension notwithstanding, he would want to extract as much money from a sale as possible - which will be while the UWE planning permission is still live anyone on here got a few tens of millions of quids spare, just in case? |
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Post by PessimistGas on Aug 23, 2017 18:48:56 GMT
Sorry AMPG I haven't given it any thought. Most of the fanbase appear too be comfortable and I'm far removed from the club now. I know what I know because those involved have been nvolved with their support for the club for years and I consider them to be friends so I hope they get paid soon. me too last time we had no money a 'white knight' appeared if Hani has really decided that the club has to live on its cashflows, things will get sticky very quickly. And my guess is that, resultant family tension notwithstanding, he would want to extract as much money from a sale as possible - which will be while the UWE planning permission is still live anyone on here got a few tens of millions of quids spare, just in case? I find the unconditional hero worship of the owners as frustrating as I do bizarre. I feel that if they really wanted to build a stadium and training ground then both would be well underway by now. It's going to be in interesting few months whatever happens. |
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Post by droitwichgas on Aug 23, 2017 18:56:22 GMT
Why would Wael allow threads like these to continue? He should either put out a statement to draw a line under it, tell NQSS to wind his neck in as he is spreading misinformation, or just pay the bloke who is owed money. Or is that simplistic? I have no idea whether or not anyone is owed money for work done at the site designated to be a training ground but I should have thought the contracts for such work would have been with the owners of the land in which case any claims should be addressed to them. Perhaps the authority to proceed with the work at The Colony was given by Rovers, hence why they are being threatened with legal action? Although if we're only talking about £30K wouldn't be easy just to pay it off to keep them quiet, unless this debt is just the tip of the ice berg? [ It could only happen at Rovers, owned by shareholders of a Jordanian bank and we apparently now have money issues!! |
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Post by tauntongas on Aug 23, 2017 18:59:12 GMT
I might be drawing a false summary here but based upon (largely) hearsay: - Dwayne Sports/The Al Qadi's bought Rovers as an investment, seeking return on what they put in and maybe as a bit of a personal project for Wael - They spend over a year negotiating with UWE about the use/lease of the planned stadium - During this time, they spend significant funds on transfer fees, relaying the pitch and a large patch of land for a training complex (among other things) - Then, they feel that they will not get the stadium deal that they think they need - After all this, the club now has money troubles and Dwayne/Al Qadi's are thinking of selling the club? I might be missing something here, so this is a sincere request to be filled in with anything I am getting wrong; however, this seems nothing short of business insanity, if it is true. What I understand is that it isn't money troubles as such, but more that Hani, for whatever reason, has decided enough is enough and is pulling back. Don't know if this decision coincided with the charge on Mem, but it would appear to fit. The UWE contract sat on his desk for weeks ready to sign but he decided to pull out, pissing off Hamer and Wael. I think that showed in Hamer's car crash of an interview and Wael has been vague and unconvincing. With regards to the training ground, I believe Hani has decided that he doesn't want to spend the amount of money it will cost to build the standard of facility the club have promised. Thanks for adding to the summary. The news that the contract was on Hani's desk for weeks and that he has been the carpet-puller on the entire deal that the club seemed to be so close to, seems like pretty sensitive leaking - surely only Hamer, Wael or one of the family would know that the reason for the contract not being signed for weeks was due to Hani's change of heart? If what you have been told is true then both UWE and the training ground represent similar reactions from the cheque-signer: - UWE deal on the table, but rejected because it isn't good enough for Hani/the owners - Training ground purchased but Hani/the owners now do not want to spend the kind of money it takes to put a quality facility there If things are that tight or reliant upon such fine margins of negotiation, perhaps buying a football club wasn't such a good idea for them, eh? I still think there is more to this. I don't know why or what but it feels like there is a lot more going on than even the rumour mill can waggle a wiggly stick at. IF there isn't any more than what you've said, then it's all a bit boring, worrying and pathetic. |
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Post by tauntongas on Aug 23, 2017 19:04:13 GMT
want to speculate on what might happen next NQSS - maybe in 'reverse order of probabilities'? Sorry AMPG I haven't given it any thought. Most of the fanbase appear too be comfortable and I'm far removed from the club now. I know what I know because those involved have been nvolved with their support for the club for years and I consider them to be friends so I hope they get paid soon. To confirm: a group of people who are supporters of Rovers, that have been in (or around) business with Rovers for years, are now thinking of taking legal action against the club because of an unpaid service or product? |
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Peter Parker
Global Moderator
Richard Walker
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Post by Peter Parker on Aug 23, 2017 19:15:20 GMT
What I understand is that it isn't money troubles as such, but more that Hani, for whatever reason, has decided enough is enough and is pulling back. Don't know if this decision coincided with the charge on Mem, but it would appear to fit. The UWE contract sat on his desk for weeks ready to sign but he decided to pull out, pissing off Hamer and Wael. I think that showed in Hamer's car crash of an interview and Wael has been vague and unconvincing. With regards to the training ground, I believe Hani has decided that he doesn't want to spend the amount of money it will cost to build the standard of facility the club have promised. Thanks for adding to the summary. The news that the contract was on Hani's desk for weeks and that he has been the carpet-puller on the entire deal that the club seemed to be so close to, seems like pretty sensitive leaking - surely only Hamer, Wael or one of the family would know that the reason for the contract not being signed for weeks was due to Hani's change of heart? If what you have been told is true then both UWE and the training ground represent similar reactions from the cheque-signer: - UWE deal on the table, but rejected because it isn't good enough for Hani/the owners - Training ground purchased but Hani/the owners now do not want to spend the kind of money it takes to put a quality facility there If things are that tight or reliant upon such fine margins of negotiation, perhaps buying a football club wasn't such a good idea for them, eh? I still think there is more to this. I don't know why or what but it feels like there is a lot more going on than even the rumour mill can waggle a wiggly stick at. IF there isn't any more than what you've said, then it's all a bit boring, worrying and pathetic. Yeah, i just cant get my head round it all. Everything i hear makes sense but it still seems like an important peice is missing that doesnt make any of it make sense |
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Post by tauntongas on Aug 23, 2017 19:39:54 GMT
Thanks for adding to the summary. The news that the contract was on Hani's desk for weeks and that he has been the carpet-puller on the entire deal that the club seemed to be so close to, seems like pretty sensitive leaking - surely only Hamer, Wael or one of the family would know that the reason for the contract not being signed for weeks was due to Hani's change of heart? If what you have been told is true then both UWE and the training ground represent similar reactions from the cheque-signer: - UWE deal on the table, but rejected because it isn't good enough for Hani/the owners - Training ground purchased but Hani/the owners now do not want to spend the kind of money it takes to put a quality facility there If things are that tight or reliant upon such fine margins of negotiation, perhaps buying a football club wasn't such a good idea for them, eh? I still think there is more to this. I don't know why or what but it feels like there is a lot more going on than even the rumour mill can waggle a wiggly stick at. IF there isn't any more than what you've said, then it's all a bit boring, worrying and pathetic. Yeah, i just cant get my head round it all. Everything i hear makes sense but it still seems like an important peice is missing that doesnt make any of it make sense The thing that confuses me the most: (A) Accepting an imperfect commercial deal from UWE but be able to sell The Mem to raise significant funds for a purpose-built, brilliantly located stadium, with terrific infrastructure and potential. ...is worse than: (B) Having to find far more cash from pretty much nowhere, to rejuvenate an extremely limited site, in a limited location, with inadequate infrastructure but you have near-full control over. If someone can help me pick the bones out of that, I'd be delighted. I cannot think of enough plausible 'cons' in the UWE deal that would mean both UWE and Rovers can get sustainable, meaningful income from such a site, even if it was shared. |
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Deleted
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Post by Deleted on Aug 23, 2017 19:56:50 GMT
Yeah, i just cant get my head round it all. Everything i hear makes sense but it still seems like an important peice is missing that doesnt make any of it make sense The thing that confuses me the most: (A) Accepting an imperfect commercial deal from UWE but be able to sell The Mem to raise significant funds for a purpose-built, brilliantly located stadium, with terrific infrastructure and potential. ...is worse than: (B) Having to find far more cash from pretty much nowhere, to rejuvenate an extremely limited site, in a limited location, with inadequate infrastructure but you have near-full control over. If someone can help me pick the bones out of that, I'd be delighted. I cannot think of enough plausible 'cons' in the UWE deal that would mean both UWE and Rovers can get sustainable, meaningful income from such a site, even if it was shared. Look all that you have to remember is that 'the Al Qadis are very successful businessmen' (don't ask for examples of their success though) and 'Wael is a gashhead'....anything else is heresy. |
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Post by swissgas on Aug 23, 2017 19:59:27 GMT
Thanks for adding to the summary. The news that the contract was on Hani's desk for weeks and that he has been the carpet-puller on the entire deal that the club seemed to be so close to, seems like pretty sensitive leaking - surely only Hamer, Wael or one of the family would know that the reason for the contract not being signed for weeks was due to Hani's change of heart? If what you have been told is true then both UWE and the training ground represent similar reactions from the cheque-signer: - UWE deal on the table, but rejected because it isn't good enough for Hani/the owners - Training ground purchased but Hani/the owners now do not want to spend the kind of money it takes to put a quality facility there If things are that tight or reliant upon such fine margins of negotiation, perhaps buying a football club wasn't such a good idea for them, eh? I still think there is more to this. I don't know why or what but it feels like there is a lot more going on than even the rumour mill can waggle a wiggly stick at. IF there isn't any more than what you've said, then it's all a bit boring, worrying and pathetic. Yeah, i just cant get my head round it all. Everything i hear makes sense but it still seems like an important peice is missing that doesnt make any of it make sense I agree it's hard to get your ahead around which is why I was so reluctant to post my thoughts about "suspicions" a month or so ago. None of it makes any sense unless you subscribe to the "cock up" theory which says the whole deal was rushed through to satisfy Wael's football passions and that no detailed due diligence or financial projections were done. This probably only hit home when Mr Al-Qadi senior became acquainted with the full facts and realized the implications of taking on responsibility for huge trading losses and massive capital expenditure projects. Owning a football club is not bankers territory it's a "wild west" landscape where gamblers, like the Brighton Chairman, thrive and play with money they can afford to lose. Pessimist Gas gets frustrated with the hero worship of the owners and I get frustrated with the constant talk on the forums of Dwane Sports "selling" Rovers. It's as if fans expect there to be a war between "investors" outbidding each other to take on Rovers liabilities. "Do I hear £10 million ? .... £11 million from the gentleman in the dark glasses ?.. ., sorry sir I've got £12 million over there from the man wearing the straitjacket". All previous majority owners have had to write off substantial sums to relieve themselves of the financial liabilities which owning Rovers brings. I think the question we may have to ask is how much the Al-Qadi family are willing to write off in order to persuade someone to take Rovers off their hands. |
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