Peter Parker
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Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Mar 14, 2018 11:34:49 GMT
Sounds Bristol Rovers Football Club spend £250k on an office for someone else thus increasing their losses? Happy to pay for an office on behalf of Dwane Sports if that comes off the debt owed to Dwane Sports. Simple logic isn't it? And that maybe happening but no one asked that question. Or it isn't and actually we are being charged interest on costs for Dwane Sports by Dwane Sports. This is technically called double dipping. And please do remember Dwane Sports own circa 92% of the club so they should not be using it to rack up debts on behalf of Dwane Sports to the potential detriment of the other 8% of shareholders. Exactly. People are being sucked in by Wael's little grin and calm demeanour. This is utter madness. Can you imagine a business running at a loss of £3,000,000 with the owners awarding themselves interest for lending themselves money and organising it all from an office costing a quarter of a million quid PA and located 120 miles from the shop floor? Maybe it's just me, but I would be at that business 24/7 trying to make sure that every penny spent was yielding the best possible return, and I would be sleeping in the broom cupboard to save money. Going back to my last post where I said that I can't read what these owners intend doing with the club, this is a perfect example of why it's impossible to work out. A couple of weeks ago Wael put out that orchastrated ''interview'' where he was trying to play down the family's wealth and was saying that he was uncomfortable with the speculation around what they may be prepared to spend. Roll forward 2 weeks, suddenly debt that we could never have imagined isn't even regarded as debt and they aren't one bit worried by losing £3m a year, and £250k for an office in London isn't a problem. Talk about mixed messages. Have they paid themselves any interest though? Surely that is the important part when it all comes down to it. Nick Higgs and Co's loans in same loss making business accumulated interest
We can debate the rights and wrongs, but it does seem to me people are trying to make something that Dwane Sports are doing is different to anyone else and in some way worse
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Deleted
Joined: January 1970
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Post by Deleted on Mar 14, 2018 11:51:10 GMT
Exactly. People are being sucked in by Wael's little grin and calm demeanour. This is utter madness. Can you imagine a business running at a loss of £3,000,000 with the owners awarding themselves interest for lending themselves money and organising it all from an office costing a quarter of a million quid PA and located 120 miles from the shop floor? Maybe it's just me, but I would be at that business 24/7 trying to make sure that every penny spent was yielding the best possible return, and I would be sleeping in the broom cupboard to save money. Going back to my last post where I said that I can't read what these owners intend doing with the club, this is a perfect example of why it's impossible to work out. A couple of weeks ago Wael put out that orchastrated ''interview'' where he was trying to play down the family's wealth and was saying that he was uncomfortable with the speculation around what they may be prepared to spend. Roll forward 2 weeks, suddenly debt that we could never have imagined isn't even regarded as debt and they aren't one bit worried by losing £3m a year, and £250k for an office in London isn't a problem. Talk about mixed messages. Have they paid themselves any interest though? Surely that is the important part when it all comes down to it. Nick Higgs and Co's loans in same loss making business accumulated interest
We can debate the rights and wrongs, but it does seem to me people are trying to make something that Dwane Sports are doing is different to anyone else and in some way worse
That's why I said 'awarded' and not 'paid'. I've not seen a paper trail, only have what's written on here to go on, but we are being told that a quarter of a million quid has been blown on an office, and as we weren't told that it was a temporary situation, it's likely to be ongoing, I guess my question would be, as Wael likes to tell us that he's ambitious for our football club, do you think that's the very best way to spend £250,000? It does make me wonder, if that's the level of comfort that these guys are accustomed to, where else could savings possibly be made? Meanwhile, their customers are watching a 3rd division team, from a tent playing on a bog of a pitch. Of course, the ones in the tent are quite lucky, plenty still stand out in the rain.
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Post by Henbury Gas on Mar 14, 2018 11:51:26 GMT
Sounds Bristol Rovers Football Club spend £250k on an office for someone else thus increasing their losses? Happy to pay for an office on behalf of Dwane Sports if that comes off the debt owed to Dwane Sports. Simple logic isn't it? And that maybe happening but no one asked that question. Or it isn't and actually we are being charged interest on costs for Dwane Sports by Dwane Sports. This is technically called double dipping. And please do remember Dwane Sports own circa 92% of the club so they should not be using it to rack up debts on behalf of Dwane Sports to the potential detriment of the other 8% of shareholders. Exactly. People are being sucked in by Wael's little grin and calm demeanour. This is utter madness. Can you imagine a business running at a loss of £3,000,000 with the owners awarding themselves interest for lending themselves money and organising it all from an office costing a quarter of a million quid PA and located 120 miles from the shop floor? Maybe it's just me, but I would be at that business 24/7 trying to make sure that every penny spent was yielding the best possible return, and I would be sleeping in the broom cupboard to save money. Going back to my last post where I said that I can't read what these owners intend doing with the club, this is a perfect example of why it's impossible to work out. A couple of weeks ago Wael put out that orchastrated ''interview'' where he was trying to play down the family's wealth and was saying that he was uncomfortable with the speculation around what they may be prepared to spend. Roll forward 2 weeks, suddenly debt that we could never have imagined isn't even regarded as debt and they aren't one bit worried by losing £3m a year, and £250k for an office in London isn't a problem. Talk about mixed messages. Maybe it's Wael and co behind the HA all along
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 14, 2018 11:54:14 GMT
Exactly. People are being sucked in by Wael's little grin and calm demeanour. This is utter madness. Can you imagine a business running at a loss of £3,000,000 with the owners awarding themselves interest for lending themselves money and organising it all from an office costing a quarter of a million quid PA and located 120 miles from the shop floor? Maybe it's just me, but I would be at that business 24/7 trying to make sure that every penny spent was yielding the best possible return, and I would be sleeping in the broom cupboard to save money. Going back to my last post where I said that I can't read what these owners intend doing with the club, this is a perfect example of why it's impossible to work out. A couple of weeks ago Wael put out that orchastrated ''interview'' where he was trying to play down the family's wealth and was saying that he was uncomfortable with the speculation around what they may be prepared to spend. Roll forward 2 weeks, suddenly debt that we could never have imagined isn't even regarded as debt and they aren't one bit worried by losing £3m a year, and £250k for an office in London isn't a problem. Talk about mixed messages. Maybe it's Wael and co behind the HA all along If you can work out what the agenda is please let me know.
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Mar 14, 2018 12:15:16 GMT
The most important thing is that they are here for the long-term and the Manager accepts the travel of direction - evolution.
The rumours seem to have stopped.
We all want results at 4.53pm first and foremost, but we all aspire to be part of a harmonious and progressive football club. The yardstick for the latter is stadium development and the clamour for this is getting louder. The supporters are not so willing to accept rag-bag Rovers anymore. This will produce a new justified pressure.
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Post by Henbury Gas on Mar 14, 2018 12:20:00 GMT
The most important thing is that they are here for the long-term and the Manager accepts the travel of direction - evolution. The rumours seem to have stopped. We all want results at 4.53pm first and foremost, but we all aspire to be part of a harmonious and progressive football club. The yardstick for the latter is stadium development and the clamour for this is getting louder. The supporters are not so willing to accept rag-bag Rovers anymore. This will produce a new justified pressure. I'm a great believer in that if DC gets the results right @ 4.53pm the money will follow....
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Post by CountyGroundHotel on Mar 14, 2018 12:40:11 GMT
Sounds Bristol Rovers Football Club spend £250k on an office for someone else thus increasing their losses? Happy to pay for an office on behalf of Dwane Sports if that comes off the debt owed to Dwane Sports. Simple logic isn't it? And that maybe happening but no one asked that question. Or it isn't and actually we are being charged interest on costs for Dwane Sports by Dwane Sports. This is technically called double dipping. And please do remember Dwane Sports own circa 92% of the club so they should not be using it to rack up debts on behalf of Dwane Sports to the potential detriment of the other 8% of shareholders. Exactly. People are being sucked in by Wael's little grin and calm demeanour. This is utter madness. Can you imagine a business running at a loss of £3,000,000 with the owners awarding themselves interest for lending themselves money and organising it all from an office costing a quarter of a million quid PA and located 120 miles from the shop floor? Maybe it's just me, but I would be at that business 24/7 trying to make sure that every penny spent was yielding the best possible return, and I would be sleeping in the broom cupboard to save money. Going back to my last post where I said that I can't read what these owners intend doing with the club, this is a perfect example of why it's impossible to work out. A couple of weeks ago Wael put out that orchastrated ''interview'' where he was trying to play down the family's wealth and was saying that he was uncomfortable with the speculation around what they may be prepared to spend. Roll forward 2 weeks, suddenly debt that we could never have imagined isn't even regarded as debt and they aren't one bit worried by losing £3m a year, and £250k for an office in London isn't a problem. Talk about mixed messages. Losing money hand over fist and people are happy we are paying for someone else's office. You couldn't make it up anywhere else
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Mar 14, 2018 12:49:11 GMT
Football is about passion and it generates strong opinions.
However last week's events at West Ham showed what an unhappy football club looks like.
Evolution is OK, but you still have to manage expectations and ours have been raised by change of ownership. The manager has reflected this himself. Wael seems philosophical about the challenge of managing them.He should make some money from the London Office by turning it into a Buddhist Retreat, given his calmness under pressure.😂
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 14, 2018 12:50:37 GMT
The most important thing is that they are here for the long-term and the Manager accepts the travel of direction - evolution. The rumours seem to have stopped. We all want results at 4.53pm first and foremost, but we all aspire to be part of a harmonious and progressive football club. The yardstick for the latter is stadium development and the clamour for this is getting louder. The supporters are not so willing to accept rag-bag Rovers anymore. This will produce a new justified pressure. I'm a great believer in that if DC gets the results right @ 4.53pm the money will follow.... Great, we can upgrade to a better office in London.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 14, 2018 12:52:50 GMT
Football is about passion and it generates strong opinions. However last week's events at West Ham showed what an unhappy football club looks like. No, last week showed what West Ham looks like today, the same as it always has, a club, like 1982, Chelsea, Millwall, Cardiff, Swansea, all clubs in denial about the hooligan problem that's followed them for generations.
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Mar 14, 2018 13:20:03 GMT
West Ham, Hull, Blackpool, Blackburn, Charlton....
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Mar 14, 2018 13:27:06 GMT
Officegate will be the new fencegate
Loads of discussion and outrage on social media, but won't change a thing. A bit like Craig's height.
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Post by DudeLebowski on Mar 14, 2018 13:30:37 GMT
Another day, another attempt at whipping up a scandal.
Imagine having that much spare time or energy.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 14, 2018 13:33:33 GMT
West Ham, Hull, Blackpool, Blackburn, Charlton.... Now you're talking about something entirely different. West Ham are, and have always been a vile club with violence never far away. I can only imagine the depths of desperation, new stadium paid for by the tax payer, free Policing, PL football, no wonder they riot. They are just thugs who latch on to a football club, don't make excuses for them.
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irishrover
Global Moderator
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Posts: 3,372
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Post by irishrover on Mar 14, 2018 14:53:48 GMT
I mean you can argue about the details of what constitutes progress, reasonable expectations, whether the owners are making best use of resources etc but I have a bit more of a fundamental issue with the whole 'evolution not revolution' thing. Namely, that we actually need some sort of revolution. The gap between the Championship and most of League 1 is massive now and likely to keep getting bigger so slow improvements are unlikely to help close it. Neither is incremental change likely to deal with the underlying structural problems that continue to build the debt mountain. The main hope of having the kind of takeover we did is that it would lead to dramatic change - at the moment that seems unlikely. That is dissapointing.
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Mar 14, 2018 15:19:19 GMT
Irish - absolutely spot on. Our expectations were raised to the extent that we thought that rag-bag Rovers could now compete in money-bags Championship.
We were a tad hasty...
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Igitur
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Posts: 2,294
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Post by Igitur on Mar 14, 2018 15:28:33 GMT
I mean you can argue about the details of what constitutes progress, reasonable expectations, whether the owners are making best use of resources etc but I have a bit more of a fundamental issue with the whole 'evolution not revolution' thing. Namely, that we actually need some sort of revolution. The gap between the Championship and most of League 1 is massive now and likely to keep getting bigger so slow improvements are unlikely to help close it. Neither is incremental change likely to deal with the underlying structural problems that continue to build the debt mountain. The main hope of having the kind of takeover we did is that it would lead to dramatic change - at the moment that seems unlikely. That is dissapointing. To me, three or so seasons ago we did not have a team capable of even staying in Division 4 and the hapless NH leading us to God knows what, now we have a squad comfortable in 10th ish place of Division 3 with cover in all areas and a stronger youth set up with some playing for the XI. The kind of money to buy our way from the Conference to the Championship and beyond is more than the al-Qs have. There is gentle evolution and I'm not disappointed with it, albeit with the odd story coming out which every football team has. This is old ground we are going over.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Mar 14, 2018 16:05:12 GMT
5k a week for an office and. 2 staff . Where is it Canary Wharf penthouse Well it's there money they are spending Its equity from the mem
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Post by One F in Dunford on Mar 14, 2018 16:14:18 GMT
Irish - absolutely spot on. Our expectations were raised to the extent that we thought that rag-bag Rovers could now compete in money-bags Championship. We were a tad hasty... The problem was, you had Nick Day telling people that “they had more money than God” (although I’m not sure what that means). It then spread quickly that they had bags of money to spend on “rag-bag Rovers “. I Cannot recall the Al Qadi family ever stating that they had pots of money to spend, but many fans got carried away.
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Mar 14, 2018 16:25:19 GMT
Well it's there money they are spending Its equity from the mem I guess we can argue over semantics and interpretations, but it is there money secured against The Mem. Have we reached the apocalypse of liabilities exceeding assets yet, The Doomsday scenario that many are prophesising? Perhaps the end of days shall come to pass or maybe it just won't
All they have done differently compared to the previous ownership is secured there loan against The Mem, which they own and can do what they want with whether the money is secured against it or not.
People can criticise there ownership and running of the club, but I struggle to see what they have done that is worse or particularly different than anything that has happened before them in terms of financing the club, yet is now painted as something sinister
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