harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,428
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Post by harrybuckle on Nov 24, 2017 20:45:56 GMT
the grotto is ready at the Mem ...but the owners charging £25 entry ...present is a 2017 calendar and copy of the UWE plans
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 27, 2017 20:54:26 GMT
Whatever you think about Spurs or White Hart Lane, from a stadium architectural and engineering perspective, the progress of the new stadium at White Hart Lane, built during the last few seasons 'around' the north-west corner of the old stadium, this season finally requiring the temporary eviction of the club and demolition of the old ground in order to complete the new, looks truly remarkable. I landed on Fore Street today for a look at the exterior, right on the main road, locked into the middle of the local community (which seems to be entirely lily white and navy blue), and wished we could achieve something our size on the site of the Memorial Ground. If we cannot have such on the Ikea site, or anywhere else on the frome around Eastville, which we obviously cannot, my second preference would be to witness the development of a tightly packed loud modern second division stadium built around the non-league ground we call home. Probably UWE was the economic choice. But if it would have made complete economic sense, then why did not banker HAQ/DS give it the green light?
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Post by PessimistGas on Nov 27, 2017 21:47:32 GMT
View AttachmentWhatever you think about Spurs or White Hart Lane, from a stadium architectural and engineering perspective, the progress of the new stadium at White Hart Lane, built during the last few seasons 'around' the north-west corner of the old stadium, this season finally requiring the temporary eviction of the club and demolition of the old ground in order to complete the new, looks truly remarkable. I landed on Fore Street today for a look at the exterior, right on the main road, locked into the middle of the local community (which seems to be entirely lily white and navy blue), and wished we could achieve something our size on the site of the Memorial Ground. If we cannot have such on the Ikea site, or anywhere else on the frome around Eastville, which we obviously cannot, my second preference would be to witness the development of a tightly packed loud modern second division stadium built around the non-league ground we call home. Probably UWE was the economic choice. But if it would have made complete economic sense, then why did not banker HAQ/DS give it the green light? Depends what you mean by economic sense. UWE would have been a huge capital investment that would have been unlikely to see return for many years even if it was the best deal in the world. Ultimately, Hani for whatever reason doesn't buy into Wael's vision. I don't think the training ground will even happen if they are kicking the can down the road to 2019. We aren't an investment but a money pit, Wael himself has previously said the club is unsustainable at the Mem. The question is how big Hani is willing to let the debt pile get before he's had enough. That is a question that should concern every single one of us.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 27, 2017 22:16:57 GMT
The question is how big Hani is willing to let the debt pile get before he's had enough. That is a question that should concern every single one of us. It surely does. But why would HAQ/DS allow debt to pile up at all? HAQ/DS don't care about football. So why would HAQ/DS own BRFC if not to invest to develop and to eliminate losses in order to sell at a profit? Loss-making businesses must surely depreciate in value as the debts grow. If not to invest to develop and to eliminate losses... why the hell do HAQ/DS own BRFC?
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Post by PessimistGas on Nov 27, 2017 22:50:21 GMT
The question is how big Hani is willing to let the debt pile get before he's had enough. That is a question that should concern every single one of us. It surely does. But why would HAQ/DS allow debt to pile up at all? HAQ/DS don't care about football. So why would HAQ/DS own BRFC if not to invest to develop and to eliminate losses in order to sell at a profit? Loss-making businesses must surely depreciate in value as the debts grow. If not to invest to develop and to eliminate losses... why the hell do HAQ/DS own BRFC? I don't know the answers but I do know that only a lunatic would buy a League 2 football club hoping to make a profit. My suspicion is the family were looking for a hobby for Wael, hense the interest in Gillingham, and were happy to indulge him up to a point. They did get the Mem and the land on the cheap which was the big draw. I honestly don't think much thought was given to any sort of long term plan but Wael got carried away with Premier League standard training facilities and the like and big brother put his foot down and now more hands on. I would expect the next phase to be massive cost cutting as Hani tries to reduce the losses.
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Post by a more piratey game on Nov 27, 2017 23:49:53 GMT
I would expect the next phase to be massive cost cutting as Hani tries to reduce the losses. unfortunately that does follow logically from all the previous
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 28, 2017 0:07:08 GMT
I would expect the next phase to be massive cost cutting as Hani tries to reduce the losses. unfortunately that does follow logically from all the previous. Totally. But reducing lossess by cutting will run BRFC down until it's an unprecedented basket case of debt that HAQ/DS cannot offload to anyone. Then asset-strip* BRFC to repay DS? *Presumably the ground is the only real asset one could strip. That would be of such historic destruction to BRFC, no Al Qadi would dare show his face in the West of England again. There must have been something to the DS-BRFC-UWE plan/deal that we don't know about. HAQ cannot have planned for this situation, and HAQ cannot have failed to plan at all either. These billion banking bankers surely do nothing without an economic plan. Will we ever know what the plan was? It doesn't make sense, mates.
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Post by a more piratey game on Nov 28, 2017 0:15:21 GMT
unfortunately that does follow logically from all the previous. Totally. But reducing lossess by cutting will run BRFC down until it's an unprecedented basket case of debt that HAQ/DS cannot offload to anyone. Then asset-strip* BRFC to repay DS? *Presumably the ground is the only real asset one could strip. That would be of such historic destruction to BRFC, no Al Qadi would dare show his face in the West of England again. There must have been something to the DS-BRFC-UWE plan/deal that we don't know about. HAQ cannot have planned for this situation, and HAQ cannot have failed to plan at all either. These billion banking bankers surely do nothing without an economic plan. Will we ever know what the plan was? It doesn't make sense, mates. what he said. Unless, as suggested above, the purchase was a short-term indulgence of WAQ. Or something has changed with family finances. Or there has been a tiff. But, as you said, it doesn't make sense
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,179
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Post by eppinggas on Dec 2, 2017 19:26:04 GMT
Totally. But reducing lossess by cutting will run BRFC down until it's an unprecedented basket case of debt that HAQ/DS cannot offload to anyone. Then asset-strip* BRFC to repay DS? *Presumably the ground is the only real asset one could strip. That would be of such historic destruction to BRFC, no Al Qadi would dare show his face in the West of England again. There must have been something to the DS-BRFC-UWE plan/deal that we don't know about. HAQ cannot have planned for this situation, and HAQ cannot have failed to plan at all either. These billion banking bankers surely do nothing without an economic plan. Will we ever know what the plan was? It doesn't make sense, mates. what he said. Unless, as suggested above, the purchase was a short-term indulgence of WAQ. Or something has changed with family finances. Or there has been a tiff. But, as you said, it doesn't make sense Yup - it's a family tiff on a major scale. Here is my take on it. 1. Wael got very enthusiastic about the purchase of BRFC. What with the prospect of synergies with the UWE and future profits at the new Stadium. 2. Hani told him to do the numbers. 3. Wael rushed it because there were "another 10 interested buyers" (as per Nick Higgs comment). Banking is about two things. FEAR and GREED. Wael didn't want to miss out on what looked like a good deal - and he persuaded Hani to go for it. Bankers are by nature cautious, but they are also greedy. 4. The devil is in the detail. Dwane Sports re-did the numbers at the UWE - and they did not add up. Wael was sent back to renegotiate with UWE in an attempt to make them work. He failed. 5. Hani had a monumental fit and seized the purse strings. To protect his investment Dwane Sports put a charge on the Memorial Stadium. 6. It transpires that owning BRFC without the prospect of a shiny new UWE Stadium does not make BRFC a great addition to the Al-Qadi investment portfolio. That is where we are. A family at war and a Club hemorrhaging cash. Hey Wael - I bet you've heard this a few times recently. "If a deal looks like it is too good to be true - then that's probably because it IS".
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Post by PessimistGas on Dec 2, 2017 21:34:58 GMT
what he said. Unless, as suggested above, the purchase was a short-term indulgence of WAQ. Or something has changed with family finances. Or there has been a tiff. But, as you said, it doesn't make sense Yup - it's a family tiff on a major scale. Here is my take on it. 1. Wael got very enthusiastic about the purchase of BRFC. What with the prospect of synergies with the UWE and future profits at the new Stadium. 2. Hani told him to do the numbers. 3. Wael rushed it because there were "another 10 interested buyers" (as per Nick Higgs comment). Banking is about two things. FEAR and GREED. Wael didn't want to miss out on what looked like a good deal - and he persuaded Hani to go for it. Bankers are by nature cautious, but they are also greedy. 4. The devil is in the detail. Dwane Sports re-did the numbers at the UWE - and they did not add up. Wael was sent back to renegotiate with UWE in an attempt to make them work. He failed. 5. Hani had a monumental fit and seized the purse strings. To protect his investment Dwane Sports put a charge on the Memorial Stadium. 6. It transpires that owning BRFC without the prospect of a shiny new UWE Stadium does not make BRFC a great addition to the Al-Qadi investment portfolio. That is where we are. A family at war and a Club hemorrhaging cash. Hey Wael - I bet you've heard this a few times recently. "If a deal looks like it is too good to be true - then that's probably because it isn't". It all fits, I think you're probably pretty close to the mark with most of this. What is harder to work out is what the exit strategy is. Looks like there isn't any sort of plan right now. Just a complete mess.
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Post by CountyGroundHotel on Dec 2, 2017 21:54:28 GMT
Yup - it's a family tiff on a major scale. Here is my take on it. 1. Wael got very enthusiastic about the purchase of BRFC. What with the prospect of synergies with the UWE and future profits at the new Stadium. 2. Hani told him to do the numbers. 3. Wael rushed it because there were "another 10 interested buyers" (as per Nick Higgs comment). Banking is about two things. FEAR and GREED. Wael didn't want to miss out on what looked like a good deal - and he persuaded Hani to go for it. Bankers are by nature cautious, but they are also greedy. 4. The devil is in the detail. Dwane Sports re-did the numbers at the UWE - and they did not add up. Wael was sent back to renegotiate with UWE in an attempt to make them work. He failed. 5. Hani had a monumental fit and seized the purse strings. To protect his investment Dwane Sports put a charge on the Memorial Stadium. 6. It transpires that owning BRFC without the prospect of a shiny new UWE Stadium does not make BRFC a great addition to the Al-Qadi investment portfolio. That is where we are. A family at war and a Club hemorrhaging cash. Hey Wael - I bet you've heard this a few times recently. "If a deal looks like it is too good to be true - then that's probably because it isn't". It all fits, I think you're probably pretty close to the mark with most of this. What is harder to work out is what the exit strategy is. Looks like there isn't any sort of plan right now. Just a complete mess.
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Post by CountyGroundHotel on Dec 2, 2017 21:57:35 GMT
Yup - it's a family tiff on a major scale. Here is my take on it. 1. Wael got very enthusiastic about the purchase of BRFC. What with the prospect of synergies with the UWE and future profits at the new Stadium. 2. Hani told him to do the numbers. 3. Wael rushed it because there were "another 10 interested buyers" (as per Nick Higgs comment). Banking is about two things. FEAR and GREED. Wael didn't want to miss out on what looked like a good deal - and he persuaded Hani to go for it. Bankers are by nature cautious, but they are also greedy. 4. The devil is in the detail. Dwane Sports re-did the numbers at the UWE - and they did not add up. Wael was sent back to renegotiate with UWE in an attempt to make them work. He failed. 5. Hani had a monumental fit and seized the purse strings. To protect his investment Dwane Sports put a charge on the Memorial Stadium. 6. It transpires that owning BRFC without the prospect of a shiny new UWE Stadium does not make BRFC a great addition to the Al-Qadi investment portfolio. That is where we are. A family at war and a Club hemorrhaging cash. Hey Wael - I bet you've heard this a few times recently. "If a deal looks like it is too good to be true - then that's probably because it isn't". It all fits, I think you're probably pretty close to the mark with most of this. What is harder to work out is what the exit strategy is. Looks like there isn't any sort of plan right now. Just a complete mess. They can exit quite easily by liquidating the club and recouping their money. No damage to their reputation does anyone really believe people doing good business with the bank they own shares in have heard of bristol rovers? Personally I've never been more concerned about the future of bristol rovers
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 2, 2017 22:09:26 GMT
No damage to their reputation does anyone really believe people doing good business with the bank they own shares in have heard of bristol rovers? This I think is what I got wrong. I thought before that they could hardly be prepared to flog our home to recoup their money and leave us broke and homeless; they'd never be able to show their faces in Bristol again. But they don't need to show their faces in Bristol again. They have a lovely big bank, and presumably adequate accommodation in which to to sleep and take a dump, in sunny Jordan. And just as you say, however important BRFC is to everyone on here, potential clients of their investment bank couldn't give the tiniest s**t about us. Merry Christmas.
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Post by PessimistGas on Dec 2, 2017 22:14:02 GMT
It all fits, I think you're probably pretty close to the mark with most of this. What is harder to work out is what the exit strategy is. Looks like there isn't any sort of plan right now. Just a complete mess. They can exit quite easily by liquidating the club and recouping their money. No damage to their reputation does anyone really believe people doing good business with the bank they own shares in have heard of bristol rovers? Personally I've never been more concerned about the future of bristol rovers Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset.
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Post by CountyGroundHotel on Dec 2, 2017 22:51:12 GMT
They can exit quite easily by liquidating the club and recouping their money. No damage to their reputation does anyone really believe people doing good business with the bank they own shares in have heard of bristol rovers? Personally I've never been more concerned about the future of bristol rovers Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. What reputation do Dwane Sports have?
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Post by swissgas on Dec 2, 2017 23:08:32 GMT
They can exit quite easily by liquidating the club and recouping their money. No damage to their reputation does anyone really believe people doing good business with the bank they own shares in have heard of bristol rovers? Personally I've never been more concerned about the future of bristol rovers Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. Don't you think they would give the football club ( and the losses/responsibilities which go with it) to someone else for nothing but retain BRFC 1883 Ltd so the Mem could be sold for development to pay off the loan ? Wael said today "we will be starting from scratch" so perhaps the next question should be "whereabouts will we be starting from scratch ?"
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Post by PessimistGas on Dec 2, 2017 23:42:22 GMT
Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. Don't you think they would give the football club ( and the losses/responsibilities which go with it) to someone else for nothing but retain BRFC 1883 Ltd so the Mem could be sold for development to pay off the loan ? Wael said today "we will be starting from scratch" so perhaps the next question should be "whereabouts will we be starting from scratch ?" That is probably how it would go. The scary thing is that I don't think we are in the realms of complete fantasy here, the more I see and the more I hear the more likely I think it becomes.
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Post by CountyGroundHotel on Dec 2, 2017 23:49:55 GMT
Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. Don't you think they would give the football club ( and the losses/responsibilities which go with it) to someone else for nothing but retain BRFC 1883 Ltd so the Mem could be sold for development to pay off the loan ? Wael said today "we will be starting from scratch" so perhaps the next question should be "whereabouts will we be starting from scratch ?"
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Post by PessimistGas on Dec 2, 2017 23:54:42 GMT
Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. What reputation do Dwane Sports have? I was thinking more of the family. I'm not sure rocking up and asset stripping a lower league football club is going to enhance their reputation, especially as they have made a great play about how many people in Jordon are interested. Mind you, that's probably bollocks too.
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Post by CountyGroundHotel on Dec 2, 2017 23:55:06 GMT
Liquidating the club is the probably the only way they will get their money back but I disagree that is an easy option and there would be considerable damage to their reputation. I think they would want to avoid the doomsday scenario, but at all costs? As they keep dithering the losses will keep mounting until our debts exceed the value of our only asset. Don't you think they would give the football club ( and the losses/responsibilities which go with it) to someone else for nothing but retain BRFC 1883 Ltd so the Mem could be sold for development to pay off the loan ? Wael said today "we will be starting from scratch" so perhaps the next question should be "whereabouts will we be starting from scratch ?" I respect you commentary so much but BRFC Own the Memorial Co. Who own the ground. They liquidate everything or nothing surely? The asset is the football clubs, technically not Dwane Sports so need to change ownership
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