Deleted
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Post by Deleted on Sept 26, 2018 15:21:49 GMT
They have pulled the plug. ........................ ............which brings me to the other reason why I find the new stand embarrassing. Bristol Energy is losing money hand over fist, was set up and further funded by Bristol City Council (i.e. Council Tax payers like me), and no longer supplies B.C.C. because its tariffs are higher than other suppliers!
Bristol City Council has invested another £2m into an energy company it owns - taking the total to about £27m. The firm, Bristol Energy, was set up in 2016 and aimed to be "a force for social good" by reinvesting its profits back into the community. Managers expect it to be in profit by 2021 - two years later than predicted. But it was stripped of its contract to supply energy to the council earlier this year after being "marginally undercut" by British Gas. A council spokesman said it had no choice but to follow strict procurement rules. The authority said it could not give special treatment to Bristol Energy, despite the fact the authority is the owner. Craig Cheney, cabinet member for finance, said: "We are fully behind Bristol Energy, but we must follow the procurement rules when awarding public contracts using public money." Peter Haigh, managing director of Bristol Energy, said: "This was a planned investment from the council, to help us give the fairest possible deal we can to our customers, and support us as we grow. "All investment will be paid back with interest, and we're on track to start paying back to the Council as planned by 2021." Bristol Energy is wholly owned by the authority but operates on the open market. The firm posted losses of £7.7m in 2016-17 but is currently supplying more than 76,000 customers. It currently employs 180 people in the city.
a good scheme but british gas will just keep undercutting
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Deleted
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Post by Deleted on Sept 26, 2018 16:25:07 GMT
Oh well, that disproves all of the itineraries that are published by the flight providers then. There are no direct flights from Bristol to Amman or from Amman to Bristol. Regards. Sorry for any confusion, but I didn't say that there were. Best Regards.
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Deleted
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Post by Deleted on Sept 26, 2018 16:37:16 GMT
The new owners, like the last, treat us as idiots. Just as well Hamer didn't take you up on your offer to raise millions for the club to build a new stadium then isn't it, or you would have us all signed up to your scheme, would have realised that the owners are in fact rotters, and would have been forced to resign. I'll email Columbo right now and thank him, we all dodged a bullet there.
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vaughan
Joined: June 2014
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Post by vaughan on Sept 26, 2018 17:53:03 GMT
You can mock, you crazy fun-loving pseudonym, but it was to show Hamer what could be done to re-develop the East Stand if they went for Mem re-development, which is exactly what they said they would do.
Have a look. Hearts Foundation. If you have no money, will to invest, it's a real alternative. The pre-requisite is some honesty.
He wrote back to me and said that they were not looking for outside investment.
I get it now. Bristol Energy were going to spend 10k on the North East Stand.
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Deleted
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Post by Deleted on Sept 26, 2018 19:13:48 GMT
You can mock, you crazy fun-loving pseudonym, but it was to show Hamer what could be done to re-develop the East Stand if they went for Mem re-development, which is exactly what they said they would do. Have a look. Hearts Foundation. If you have no money, will to invest, it's a real alternative. The pre-requisite is some honesty. He wrote back to me and said that they were not looking for outside investment. I get it now. Bristol Energy were going to spend 10k on the North East Stand. I'm not mocking Vaughan, I'm pointing out, again, that you approached him with an idea but no structure. The fact that they take sponsorship, in this case you are quoting £10,000 kind of contradicts that they won't enter into partnerships for investment into ground improvements. I said at the time, give it some thought, get a proper prospectus drawn up for investors, put together a real proposal with committed funding (I offered to join) and you would have their ear, you didn't, so you didn't. Again, as said at the time, the work needed to get your scheme up and running wouldn't have been wasted, the owners would have been under huge pressure to invest at least as much as you could demonstrate that you had convinced people to pledge, that could have saved you from being associated with a club that has a stand that would look more at home next to a 00 railway line. Attachments:
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Deleted
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Post by Deleted on Sept 27, 2018 9:11:44 GMT
How old is the first 'temporary' tent stand this year? Not that old. It was replaced just before the Cardiff City Cup game. edit August 2016
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eppinggas
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Ian Alexander
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Post by eppinggas on Sept 27, 2018 15:52:33 GMT
The stand will stay in place,the owners will carry on running the football club and the fantasist rebels will carry on with their absurd rebellion. The stand will be removed, the owners will be replaced, and the only high profile fantasist I know connected to BRFC is Waelter Mitty.
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eppinggas
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Post by eppinggas on Sept 27, 2018 15:57:09 GMT
Apologies. Add Steve "Crazy Gang" Hamer to the list of fantasists.
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Post by a more piratey game on Sept 27, 2018 16:00:56 GMT
....and where it is.....? DWANE DEVELOPMENTS UK LIMITED. (From beta.companieshouse.gov.uk/company/11253528). Registered office address: 5 New Street Square, London, United Kingdom, EC4A 3TW. Sort of Fleet Street area. Ye Olde Cheshire Cheese in a great pub, just around the corner. a stone's throw from the Rovers v Shamesbury's court room though
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Deleted
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Post by Deleted on Sept 27, 2018 16:18:57 GMT
The stand will stay in place,the owners will carry on running the football club and the fantasist rebels will carry on with their absurd rebellion. The stand will be removed, the owners will be replaced, and the only high profile fantasist I know connected to BRFC is Waelter Mitty. Another rebel searching frantically for a cause.
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Deleted
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Post by Deleted on Sept 27, 2018 16:20:57 GMT
The stand will be removed, the owners will be replaced, and the only high profile fantasist I know connected to BRFC is Waelter Mitty. Another rebel searching frantically for a cause. Or another rose tinted ostrich
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Deleted
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Post by Deleted on Sept 28, 2018 0:20:45 GMT
I managed to get a copy of the petition which is being put before the rovers owners. Here it is
We bristol rovers fans true and faithful do not like your rather unsightly temporary stand and would respectfully request that you dismantle it and remove it from the ground with immediate effect. Although we realise that all 3 temporary stands,the bar,the electronic scoreboard,the built in water irrigation system,the laying of a new pitch,the formation of a development squad,the backing of the manager in the transfer market as well as the introduction of professional coaches and dietary expertise has indeed improved the club we never the less are acutely embarrassed by the temporary stand and want the families to be evicted back to the terraces. Yours in good faith 243 rovers fans and 1,896 city fans which makes over 2,000 true fans in the petition.
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eppinggas
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Post by eppinggas on Sept 28, 2018 8:04:41 GMT
The stand will be removed, the owners will be replaced, and the only high profile fantasist I know connected to BRFC is Waelter Mitty. Another rebel searching frantically for a cause. Yup - I am, quite literally, revolting. Serious question vertigo - do you think we will have new owners within a month? IMHO opinion we need new owners to move the Club forward. The current ones have been "rumbled" (well some bright chaps knew there was something amiss well before the UWE collapse. Take a bow swissgas). I think quite a few of us had serious concerns with the owners post UWE, and the shambolic PR disaster that ensued. Right now, incredibly, there are still a few people that think the Al-Qadi's are (and I paraphrase) "doing an excellent job and are here for the long run". For these people - please please please take a look at the stunning piece of cutting edge architecture that is the new family stand. It is symbolic of their tenure. It is a failure. It illustrates perfectly what they have achieved in terms of improving infrastructure in the 2 1/2 years they have been in charge. It's a tent that someone else has paid for. If I was Bristol Energy - I would be suing. Some people are happy with it. I would suggest that some people are very easily pleased and content with mediocrity. It's not even mediocre. It is an embarrassment. Regards, Rebel.
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Igitur
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Posts: 2,294
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Post by Igitur on Sept 28, 2018 8:18:08 GMT
Don't worry we have put in a bid for the 4 500 temporary stand put up at the Ryder Cup.
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Cheshiregas
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Post by Cheshiregas on Sept 28, 2018 8:27:37 GMT
Another rebel searching frantically for a cause. Serious question vertigo - do you think we will have new owners within a month? The thing is epping that nobody knows. There are rumours, made up stories and conjecture. Do I wish there was more progress ~ yes. Do I wish there was more communication ~ yes Do I wish that DC's team were performing better ~ certainly Do I wish we were sitting in a shiny new stadium ~ of course. The truth is nobody knows. There are people who have an axe to grind with the previous regime and those who want to undermine the current regime. Between the two sets there is a lot of anger, petulance and bitterness.... the equivalent of Brexit Britain.... Raging Rovers perhaps. The good thing is that the majority of fans just want to get behind the team, see their team win and don't give a sh!t where they sit/stand as long as they are watching the Gas.
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Post by splitter on Sept 28, 2018 8:48:16 GMT
Another rebel searching frantically for a cause. Yup - I am, quite literally, revolting. Serious question vertigo - do you think we will have new owners within a month? IMHO opinion we need new owners to move the Club forward. The current ones have been "rumbled" (well some bright chaps knew there was something amiss well before the UWE collapse. Take a bow swissgas). I think quite a few of us had serious concerns with the owners post UWE, and the shambolic PR disaster that ensued. Right now, incredibly, there are still a few people that think the Al-Qadi's are (and I paraphrase) "doing an excellent job and are here for the long run". For these people - please please please take a look at the stunning piece of cutting edge architecture that is the new family stand. It is symbolic of their tenure. It is a failure. It illustrates perfectly what they have achieved in terms of improving infrastructure in the 2 1/2 years they have been in charge. It's a tent that someone else has paid for. If I was Bristol Energy - I would be suing. Some people are happy with it. I would suggest that some people are very easily pleased and content with mediocrity. It's not even mediocre. It is an embarrassment. Regards, Rebel. To be honest, not even from the first day of the AlQ's tenure did I think that they would be throwing in their own money to complete the building of the UWE. I am sure they mentioned that they would be looking at outside investment right from the start but that seemed to get glossed over in some sort of euphoria that was surrounding the club at the time. As investment bankers, I had always assumed that they would be well versed in raising capital from outside investors to complete large projects. I had always assumed that they were going to use a vehicle such as a bond so that investors would get a return on investment over a long period of time. When the UWE collapsed I remember reading comments such as, "It wasn't right for Dwane, but that doesn't mean it wasn't right for Rovers'. Nobody knows what was said or why the deal collapsed. I do remember well before the AlQs turned up there were many of us who were questioning the cut of non-matchday revenue between UWE and Rovers. The sort of phrase used above made it sound like the AlQs only wanted to proceed if they were going to get something for themselves. I do not think this was true. In my mind, the business case would always have to stack up and show a clear profit as that is the only way that you would be able to sell any kind of bond or debenture to outside investors. If it "Wasn't right for Dwane", it means it wasn't right for an investment vehicle, therefore there would be no way to raise the capital.
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Deleted
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Post by Deleted on Sept 28, 2018 9:02:40 GMT
Yup - I am, quite literally, revolting. Serious question vertigo - do you think we will have new owners within a month? IMHO opinion we need new owners to move the Club forward. The current ones have been "rumbled" (well some bright chaps knew there was something amiss well before the UWE collapse. Take a bow swissgas). I think quite a few of us had serious concerns with the owners post UWE, and the shambolic PR disaster that ensued. Right now, incredibly, there are still a few people that think the Al-Qadi's are (and I paraphrase) "doing an excellent job and are here for the long run". For these people - please please please take a look at the stunning piece of cutting edge architecture that is the new family stand. It is symbolic of their tenure. It is a failure. It illustrates perfectly what they have achieved in terms of improving infrastructure in the 2 1/2 years they have been in charge. It's a tent that someone else has paid for. If I was Bristol Energy - I would be suing. Some people are happy with it. I would suggest that some people are very easily pleased and content with mediocrity. It's not even mediocre. It is an embarrassment. Regards, Rebel. To be honest, not even from the first day of the AlQ's tenure did I think that they would be throwing in their own money to complete the building of the UWE. I am sure they mentioned that they would be looking at outside investment right from the start but that seemed to get glossed over in some sort of euphoria that was surrounding the club at the time. As investment bankers, I had always assumed that they would be well versed in raising capital from outside investors to complete large projects. I had always assumed that they were going to use a vehicle such as a bond so that investors would get a return on investment over a long period of time. When the UWE collapsed I remember reading comments such as, "It wasn't right for Dwane, but that doesn't mean it wasn't right for Rovers'. Nobody knows what was said or why the deal collapsed. I do remember well before the AlQs turned up there were many of us who were questioning the cut of non-matchday revenue between UWE and Rovers. The sort of phrase used above made it sound like the AlQs only wanted to proceed if they were going to get something for themselves. I do not think this was true. In my mind, the business case would always have to stack up and show a clear profit as that is the only way that you would be able to sell any kind of bond or debenture to outside investors. If it "Wasn't right for Dwane", it means it wasn't right for an investment vehicle, therefore there would be no way to raise the capital. Exactly.
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Peter Parker
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Richard Walker
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Post by Peter Parker on Sept 28, 2018 9:56:28 GMT
Yup - I am, quite literally, revolting. Serious question vertigo - do you think we will have new owners within a month? IMHO opinion we need new owners to move the Club forward. The current ones have been "rumbled" (well some bright chaps knew there was something amiss well before the UWE collapse. Take a bow swissgas). I think quite a few of us had serious concerns with the owners post UWE, and the shambolic PR disaster that ensued. Right now, incredibly, there are still a few people that think the Al-Qadi's are (and I paraphrase) "doing an excellent job and are here for the long run". For these people - please please please take a look at the stunning piece of cutting edge architecture that is the new family stand. It is symbolic of their tenure. It is a failure. It illustrates perfectly what they have achieved in terms of improving infrastructure in the 2 1/2 years they have been in charge. It's a tent that someone else has paid for. If I was Bristol Energy - I would be suing. Some people are happy with it. I would suggest that some people are very easily pleased and content with mediocrity. It's not even mediocre. It is an embarrassment. Regards, Rebel. To be honest, not even from the first day of the AlQ's tenure did I think that they would be throwing in their own money to complete the building of the UWE. I am sure they mentioned that they would be looking at outside investment right from the start but that seemed to get glossed over in some sort of euphoria that was surrounding the club at the time. As investment bankers, I had always assumed that they would be well versed in raising capital from outside investors to complete large projects. I had always assumed that they were going to use a vehicle such as a bond so that investors would get a return on investment over a long period of time. When the UWE collapsed I remember reading comments such as, "It wasn't right for Dwane, but that doesn't mean it wasn't right for Rovers'. Nobody knows what was said or why the deal collapsed. I do remember well before the AlQs turned up there were many of us who were questioning the cut of non-matchday revenue between UWE and Rovers. The sort of phrase used above made it sound like the AlQs only wanted to proceed if they were going to get something for themselves. I do not think this was true. In my mind, the business case would always have to stack up and show a clear profit as that is the only way that you would be able to sell any kind of bond or debenture to outside investors. If it "Wasn't right for Dwane", it means it wasn't right for an investment vehicle, therefore there would be no way to raise the capital. Never got that "It wasnt right for Deane, but ok for Rovers" line How did anyone think it was going to get built without a source of money
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eppinggas
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Post by eppinggas on Sept 28, 2018 10:09:33 GMT
To be honest, not even from the first day of the AlQ's tenure did I think that they would be throwing in their own money to complete the building of the UWE. I am sure they mentioned that they would be looking at outside investment right from the start but that seemed to get glossed over in some sort of euphoria that was surrounding the club at the time. As investment bankers, I had always assumed that they would be well versed in raising capital from outside investors to complete large projects. I had always assumed that they were going to use a vehicle such as a bond so that investors would get a return on investment over a long period of time. When the UWE collapsed I remember reading comments such as, "It wasn't right for Dwane, but that doesn't mean it wasn't right for Rovers'. Nobody knows what was said or why the deal collapsed. I do remember well before the AlQs turned up there were many of us who were questioning the cut of non-matchday revenue between UWE and Rovers. The sort of phrase used above made it sound like the AlQs only wanted to proceed if they were going to get something for themselves. I do not think this was true. In my mind, the business case would always have to stack up and show a clear profit as that is the only way that you would be able to sell any kind of bond or debenture to outside investors. If it "Wasn't right for Dwane", it means it wasn't right for an investment vehicle, therefore there would be no way to raise the capital. Exactly. Exactly Splitter! Exactly Oldie! We agree (don't we?). Dwane Sports f*cked up their due diligence and never had a hope of raising external finance because the numbers involved with UWE would not give them an acceptable ROI. They have been treading water ever since. I would suggest they have been reaching out to potential buyers for over a year. I totally understand the need for confidentiality in any dealings they might have with future owners / Stadium plans. Hence the silence. Total silence would have been more acceptable than the crap that has been put out over the last year. I did use the phrase "It wasn't right for Dwane Sports, but that doesn't mean it wasn't right for Rovers". Because it is true. Bristol Rovers would have been happy to return minimal profit to Dwane Sports and sit in the UWE on a 100 year lease. That would have been flipping marvelous for us supporters. Dwane Sports / their backers would obviously not be happy with this arrangement. It was a non-starter. In the absence of a billionaire philanthropist Gashead... perhaps our new owners are looking longer term and a lower ROI? And hopefully they won't tell "material inaccuracies". Hope springs eternal. UTG.
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Deleted
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Post by Deleted on Sept 28, 2018 10:37:12 GMT
Epping I too have doubts over the quality of their due diligence. But that's a mistake, nothing more. What was not, definitely not, in the best interests of the club was taking on debt and mortgaging future revenues to build the stadium. That was my belief on the modus operandi of the previous owners. Issues like that may have crept into the lease arrangement set up originally with UWE. If then UWE refused to negotiate on that then it is entirely possible that ROI at an acceptable level was not achievable. In which case it was very sensible for Dwayne Sports to pull out. What has been very poor in the meantime is communications from the BOD. Wael, quite frankly, shouldn't be allowed anywhere near a live interview. They need a pro comms guy.
Whilst we wait I speculate that the UWE is not dead, that a method of realising value from current fixed assets is under discussion and a method of financing the funding gap, if any, is being investigated.
Now, unless fans can put up, then let the risk takers take their course. I think what we can say is what has happened in the last 2.5 years or so is far better than happened in the previous 3 years. Plus, the journey may not be over.
Btw, the new family stand looks ridiculous. Well intentioned, but ridiculous. But Gorringe quoting a 3 year ROI on all investments lends credence to my instincts.
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