Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 5:50:47 GMT
Jesus Christ.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,053
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Post by eppinggas on Oct 25, 2019 7:08:29 GMT
Jesus Christ.[/quotre] What's happened my feathered friend?
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Post by lostinspace on Oct 25, 2019 7:23:01 GMT
come on you can't duck out of this !!
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 9:21:02 GMT
come on you can't duck out of this !! He’s just seen the size of his bill.
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dido
Predictions League
Peter Aitken
Joined: May 2014
Posts: 1,883
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Post by dido on Oct 25, 2019 12:52:57 GMT
Shoves is not well, clearly. He needs to see a quack.
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 13:35:48 GMT
Some of us half-wondered whether it might happen. But nothing ever ducking happens.
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 15:09:14 GMT
If the Fruit Bowl Stadium was 'only' an add-on to a much larger regeneration of St Phillips... I would say that is a far better option then staying where we are and stagnating/decaying under Dwane Sports. Requires quite a leap of faith admittedly. I'm ready to leap. Re: Dwane Sports - I hear some people trot out the "better the devil you know" excuse. A depressing state of affairs. And to pre empt your question Bambi - I have absolutely no idea how the numbers would stack up. The numbers don't work, unless The Mem site is worth a lot more than we realise. Bolton are stuffed with £40m of debt, and they already have a stadium and infrastructure in place. Would be nice for these dreamers consortium members to break cover and explain how they are going to make this work financially. In the back of my mind I keep getting stuck with the thought that we could end up with houses on The Mem, a couple of people making a huge pile of dosh and no new stadium. Are you sure about the 40m,the figure not so long ago was close to 170m.but surely if they went into administration then the new owners would have negotiated a deal to clear all the debts at a nominal fee say 10p in the pound and the debtors would have had to accept that offer or get nothing if the club closed as is likely with bury
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 15:38:58 GMT
The numbers don't work, unless The Mem site is worth a lot more than we realise. Bolton are stuffed with £40m of debt, and they already have a stadium and infrastructure in place. Would be nice for these dreamers consortium members to break cover and explain how they are going to make this work financially. In the back of my mind I keep getting stuck with the thought that we could end up with houses on The Mem, a couple of people making a huge pile of dosh and no new stadium. Are you sure about the 40m,the figure not so long ago was close to 170m.but surely if they went into administration then the new owners would have negotiated a deal to clear all the debts at a nominal fee say 10p in the pound and the debtors would have had to accept that offer or get nothing if the club closed as is likely with bury Sorry. Should have been clearer. The £40m was the reported figure for investment following their recent takeover. In 2 blocks of £20m was reported. I have no idea what happened to any historic debt. I'm not that interested, it was only of interest because of the crazy amount of interest Bolton are stuck with paying, £40m @ 6%, £6575 a day, every day, just in interest.
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 16:53:35 GMT
Are you sure about the 40m,the figure not so long ago was close to 170m.but surely if they went into administration then the new owners would have negotiated a deal to clear all the debts at a nominal fee say 10p in the pound and the debtors would have had to accept that offer or get nothing if the club closed as is likely with bury Sorry. Should have been clearer. The £40m was the reported figure for investment following their recent takeover. In 2 blocks of £20m was reported. I have no idea what happened to any historic debt. I'm not that interested, it was only of interest because of the crazy amount of interest Bolton are stuck with paying, £40m @ 6%, £6575 a day, every day, just in interest. Just over twice the amount rovers are being charged
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 17:14:42 GMT
Sorry. Should have been clearer. The £40m was the reported figure for investment following their recent takeover. In 2 blocks of £20m was reported. I have no idea what happened to any historic debt. I'm not that interested, it was only of interest because of the crazy amount of interest Bolton are stuck with paying, £40m @ 6%, £6575 a day, every day, just in interest. Just over twice the amount rovers are being charged Is it? Have you got the section from the accounts that demonstrates that please?
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Deleted
Joined: January 1970
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Post by Deleted on Oct 25, 2019 18:47:40 GMT
Just over twice the amount rovers are being charged Is it? Have you got the section from the accounts that demonstrates that please? Dont need it just simple arithmetic it is in the accounts that the interest is 6% and the debt is fast approaching 20m
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,236
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Post by kingswood Polak on Oct 27, 2019 11:45:54 GMT
Sorry. Should have been clearer. The £40m was the reported figure for investment following their recent takeover. In 2 blocks of £20m was reported. I have no idea what happened to any historic debt. I'm not that interested, it was only of interest because of the crazy amount of interest Bolton are stuck with paying, £40m @ 6%, £6575 a day, every day, just in interest. Just over twice the amount rovers are being charged It’s been widely reported that Dwane are charging 6%. Do you definitely know different padstow or am I misreading and missing something please. I’m being serious, my thinking is very muddled right now.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,236
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Post by kingswood Polak on Oct 27, 2019 11:54:39 GMT
'English still not your first language, then.' I'm not sure how a language could ever become your first language after not being so, unless you own a modified DeLorean. It was either your first language or it wasn't I will try my best to answer that. I was born into a polish family but here, in good old southmead hospital. We spoke Polish, ate Polish and lived Polish. I considered it my first language up until recently. I was asked to translate 14 pages of polish into English and I found it difficult, in parts. Time and lack of interaction with the Polish community has seen me lose a lot of what used to come easily. I would definitely say the English is my primary language now. The old saying of use if or lose it fits perfectly in this instance.
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TaiwanGas
Paul Bannon
Tom Ramasuts Left Foot.
Joined: June 2014
Posts: 1,281
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Post by TaiwanGas on Oct 27, 2019 12:14:29 GMT
I'm not sure how a language could ever become your first language after not being so, unless you own a modified DeLorean. It was either your first language or it wasn't I will try my best to answer that. I was born into a polish family but here, in good old southmead hospital. We spoke Polish, ate Polish and lived Polish. I considered it my first language up until recently. I was asked to translate 14 pages of polish into English and I found it difficult, in parts. Time and lack of interaction with the Polish community has seen me lose a lot of what used to come easily. I would definitely say the English is my primary language now. The old saying of use if or lose it fits perfectly in this instance. Ahh, Interaction with the Polish comunity, I miss the old Polish Club in Redland and my Gas loving Polish bud's, twas many many years ago, but still often in my thoughts.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,236
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Post by kingswood Polak on Oct 27, 2019 12:33:10 GMT
I will try my best to answer that. I was born into a polish family but here, in good old southmead hospital. We spoke Polish, ate Polish and lived Polish. I considered it my first language up until recently. I was asked to translate 14 pages of polish into English and I found it difficult, in parts. Time and lack of interaction with the Polish community has seen me lose a lot of what used to come easily. I would definitely say the English is my primary language now. The old saying of use if or lose it fits perfectly in this instance. Ahh, Interaction with the Polish comunity, I miss the old Polish Club in Redland and my Gas loving Polish bud's, twas many many years ago, but still often in my thoughts. I’m extremely angry about it being sold. It was bought, along with what used to be Arley Hill Chaple. They all gave 15% of their earnings to buy both places. It’s a fantastic testament to the work ethic and so much more, of those families, my parents being one of them. The new influx of Polish saw them get seats on the various committees and then put it to vote and it was sold, all profits went to the central polish P.O.S.K in London. The church managed to blag 3 large screen TV’s, to display hymn numbers and display words to hymns and also tarted the place up even more. I now don’t set foot in there as I cannot listen to ANY priest who preaches about giving to the poor, not while they continue to spend large amounts on the place being gilded all around the altar and so much more. Much of my childhood was spent in the club and I think it’s appalling form that it was sold yet no one even thought of contacting any of the families or offspring, that bought the place. It sold for a large amount as it’s on 4 floors and a basement and is in a prime area for prices and desirability. Apologies for going into one here but I feel robbed of my memories and now there is nowhere where I can just go to a meet up with others, like me. Apparently it’s a niche cinema now. Makes my blood boil
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Post by swissgas on Oct 27, 2019 16:17:29 GMT
Just over twice the amount rovers are being charged It’s been widely reported that Dwane are charging 6%. Do you definitely know different padstow or am I misreading and missing something please. I’m being serious, my thinking is very muddled right now. I should probably comment here because it was me who came up with a figure close to 6% when the 2016 accounts were published. Soon after this started to be discussed on the forums Steve Hamer made condescending remarks about fans speculating on interest rates “linked to base rate” in the same interview in which he said he thought Dwane Sports would only repay themselves the loan in special circumstances “such as Rovers getting to the Premier League”. This shows the directors read the forums and care enough about what is said to comment but it is strange that I can’t remember base rate being mentioned at the time. Since then two sets of accounts have been published and these show the rate is likely to be about 4.25% which is 3.5% above base rate. The previous regime were very transparent about the interest rates they were charging on their loans and bonds (interest which they eventually wrote off) and even gave us the rate on the MSP Capital loan. The current owners do not disclose interest rates so with no dates for when tranches of the credit line were drawn down it is impossible to be precise but I think 4.25% is a fair estimate for the rate being charged. Having checked my calculations on the 2016 accounts I still think a rate close to 6% was initially being charged on the Dwane Sports loan which at that time would have been 5.5% over base rate. Since then it looks as though it has been brought down to 3.5% over base or 4.25%. Maybe someone realized that 5.5% over base was excessive, unreasonable and could not be defended ? Shall I claim credit for this and use it as evidence for my theory that probing and pressing the Directors can result in policy changes which benefit the football club ? Probably not, but still IMO it would be good for Rovers if more fans scrutinized the way in which the business is being run.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,053
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Post by eppinggas on Oct 27, 2019 16:34:26 GMT
It’s been widely reported that Dwane are charging 6%. Do you definitely know different padstow or am I misreading and missing something please. I’m being serious, my thinking is very muddled right now. I should probably comment here because it was me who came up with a figure close to 6% when the 2016 accounts were published. Soon after this started to be discussed on the forums Steve Hamer made condescending remarks about fans speculating on interest rates “linked to base rate” in the same interview in which he said he thought Dwane Sports would only repay themselves the loan in special circumstances “such as Rovers getting to the Premier League”. This shows the directors read the forums and care enough about what is said to comment but it is strange that I can’t remember base rate being mentioned at the time. Since then two sets of accounts have been published and these show the rate is likely to be about 4.25% which is 3.5% above base rate. The previous regime were very transparent about the interest rates they were charging on their loans and bonds (interest which they eventually wrote off) and even gave us the rate on the MSP Capital loan. The current owners do not disclose interest rates so with no dates for when tranches of the credit line were drawn down it is impossible to be precise but I think 4.25% is a fair estimate for the rate being charged. Having checked my calculations on the 2016 accounts I still think a rate close to 6% was initially being charged on the Dwane Sports loan which at that time would have been 5.5% over base rate. Since then it looks as though it has been brought down to 3.5% over base or 4.25%. Maybe someone realized that 5.5% over base was excessive, unreasonable and could not be defended ? Shall I claim credit for this and use it as evidence for my theory that probing and pressing the Directors can result in policy changes which benefit the football club ? Probably not, but still IMO it would be good for Rovers if more fans scrutinized the way in which the business is being run. I'll give you credit swissgas. But I'm still charging you 6%. Thanks for the update. UTG.
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Deleted
Joined: January 1970
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Post by Deleted on Oct 27, 2019 17:25:07 GMT
Is it? Have you got the section from the accounts that demonstrates that please? Dont need it just simple arithmetic it is in the accounts that the interest is 6% and the debt is fast approaching 20m Oh dear. Memo to Padstow. Don't guess at this stuff because Swiss checks it properly and keeps notes.
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Angas
Joined: May 2014
Posts: 2,066
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Post by Angas on Oct 28, 2019 8:16:32 GMT
Just over twice the amount rovers are being charged It’s been widely reported that Dwane are charging 6%. Do you definitely know different padstow or am I misreading and missing something please. I’m being serious, my thinking is very muddled right now. I think Padstow may be talking about the amount of the debt - £40m v our £20m. Could be wrong though ...
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Oct 28, 2019 10:01:40 GMT
Dont need it just simple arithmetic it is in the accounts that the interest is 6% and the debt is fast approaching 20m Oh dear. Memo to Padstow. Don't guess at this stuff because Swiss checks it properly and keeps notes. Didnt guess got it from original statements as did swiss and I also keep notes but then I am not an ex director of rovers so do not know all the board room ins and outs
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