kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Dec 13, 2019 20:28:21 GMT
Sorry, you are correct. They have spent what was basically a gift. That's an interesting point KP. If you are correct, then it could mean that Higgs handed the club over at below market value and trusted these guys as, to drag up an expression from the past, ''custodians''. How's that playing out do you reckon? That’s why WAQ was running around, like a pantomime dame, telling everyone how cheap a club is. It galls me
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Deleted
Joined: January 1970
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Post by Deleted on Dec 13, 2019 22:04:33 GMT
That's an interesting point KP. If you are correct, then it could mean that Higgs handed the club over at below market value and trusted these guys as, to drag up an expression from the past, ''custodians''. How's that playing out do you reckon? That’s why WAQ was running around, like a pantomime dame, telling everyone how cheap a club is. It galls me Not get stressed about that me old Mate. It may have been cheap then, but they are pretty well exposed financially now. They won't be making anything out of this deal. I know that doesn't help us, but it does make his boasting about the original terms of the deal look a bit silly.
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eppinggas
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Ian Alexander
Don't care
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Post by eppinggas on Dec 14, 2019 10:14:15 GMT
1. Dwane Sports continue (well that's debatable in itself, I prefer to use the word "start") to fund annual losses of £2mil+. 2. Dwane Sports slash the wage bill and operate BRFC on an even keel. I would suggest that leads us to Div 2. Not the end of the world in itself. 3. Some chap with £50mil burning a hole in his pocket comes along and buys us. 4. Dwane Sports put us into Administration. I actually think this is very unlikely, though not an impossibility. I think 4 is highly likely if Dwane do not find a buyer. How else will they get back the money that Hani is keen to recover? Care to give a % ratings on the potential outcomes? Here's mine FWIW. 1. 10% 2. 75% 3. 5% 4. 10% UTG.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Dec 14, 2019 10:28:54 GMT
That’s why WAQ was running around, like a pantomime dame, telling everyone how cheap a club is. It galls me Not get stressed about that me old Mate. It may have been cheap then, but they are pretty well exposed financially now. They won't be making anything out of this deal. I know that doesn't help us, but it does make his boasting about the original terms of the deal look a bit silly. But I am very worried BG. I agree with @philton in that I do see admin as a distinct possibility. Trying to piece together all the bits of information I’ve had, it seems the owners are asking too much but WAQ is also wanting to stay on. It’s like buying a car but promising you give the previous owner, lifts when wanted. Silly analogy I know but the best I can come up with right now. For most of us, the Rovers has been in our lives since we became sentient. Yes, I can moan with the best but it fills me with an awful feeling to think of there not being a Rovers. I don’t think the owners care at all and are just running down the clock
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 14, 2019 10:52:15 GMT
Not get stressed about that me old Mate. It may have been cheap then, but they are pretty well exposed financially now. They won't be making anything out of this deal. I know that doesn't help us, but it does make his boasting about the original terms of the deal look a bit silly. But I am very worried BG. I agree with @philton in that I do see admin as a distinct possibility. Trying to piece together all the bits of information I’ve had, it seems the owners are asking too much but WAQ is also wanting to stay on. It’s like buying a car but promising you give the previous owner, lifts when wanted. Silly analogy I know but the best I can come up with right now. For most of us, the Rovers has been in our lives since we became sentient. Yes, I can moan with the best but it fills me with an awful feeling to think of there not being a Rovers. I don’t think the owners care at all and are just running down the clock Spend a few mins looking at why businesses are placed into administration, what the process and objective is.
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eppinggas
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Ian Alexander
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Post by eppinggas on Dec 14, 2019 11:03:49 GMT
But I am very worried BG. I agree with @philton in that I do see admin as a distinct possibility. Trying to piece together all the bits of information I’ve had, it seems the owners are asking too much but WAQ is also wanting to stay on. It’s like buying a car but promising you give the previous owner, lifts when wanted. Silly analogy I know but the best I can come up with right now. For most of us, the Rovers has been in our lives since we became sentient. Yes, I can moan with the best but it fills me with an awful feeling to think of there not being a Rovers. I don’t think the owners care at all and are just running down the clock Spend a few mins looking at why businesses are placed into administration, what the process and objective is. But surely that is what philton is saying - putting BRFC1983 Ltd into Administration is 'a way' that Dwane Sports can get there money back. And that if the Football Club ceases to exist then there is no covenant saying that "a permanant home for Bristol Rovers must be found before the Memorial Stadium is sold". Am I being too negative / simplistic? (It won't be the first time)!
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Deleted
Joined: January 1970
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Post by Deleted on Dec 14, 2019 11:20:22 GMT
Spend a few mins looking at why businesses are placed into administration, what the process and objective is. But surely that is what philton is saying - putting BRFC1983 Ltd into Administration is 'a way' that Dwane Sports can get there money back. And that if the Football Club ceases to exist then there is no covenant saying that "a permanant home for Bristol Rovers must be found before the Memorial Stadium is sold". Am I being too negative / simplistic? (It won't be the first time)! Haven't seen this covenant, but in my experience they aren't usually 'watertight', apart from that, as far as I'm aware, administration wouldn't achieve anything. In fact, the costs and loss of control would almost certainly outweigh any logistical issues with that contract clause / covenant, if it actually exists.
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eppinggas
Administrator
Ian Alexander
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Post by eppinggas on Dec 14, 2019 11:30:08 GMT
But surely that is what philton is saying - putting BRFC1983 Ltd into Administration is 'a way' that Dwane Sports can get there money back. And that if the Football Club ceases to exist then there is no covenant saying that "a permanant home for Bristol Rovers must be found before the Memorial Stadium is sold". Am I being too negative / simplistic? (It won't be the first time)! Haven't seen this covenant, but in my experience they aren't usually 'watertight', apart from that, as far as I'm aware, administration wouldn't achieve anything. In fact, the costs and loss of control would almost certainly outweigh any logistical issues with that contract clause / covenant, if it actually exists. OK, thanks. Who'd have thunk it. Me being too simplistic. Over to philton!
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 14, 2019 14:58:22 GMT
But surely that is what philton is saying - putting BRFC1983 Ltd into Administration is 'a way' that Dwane Sports can get there money back. And that if the Football Club ceases to exist then there is no covenant saying that "a permanant home for Bristol Rovers must be found before the Memorial Stadium is sold". Am I being too negative / simplistic? (It won't be the first time)! Haven't seen this covenant, but in my experience they aren't usually 'watertight', apart from that, as far as I'm aware, administration wouldn't achieve anything. In fact, the costs and loss of control would almost certainly outweigh any logistical issues with that contract clause / covenant, if it actually exists. Putting Bristol Rugby Club into administration is exactly what the late Arthur Holmes did to get his money back and assets were sold to recover his guaranteed loans before handing over the remnants to Malcolm Pierce. I have some knowledge of the negotiations going on behind the scenes and I would be amazed if either one of them actually materialised but fingers crossed as Bristol Rovers might get some security even if it is just a lease on a stadium owned by individuals. Strange that the lease for 125 years for the land at UWE wasn't desirable but a 25 year one for a stadium at the fruit market might be?? If a deal doesn't go through then how will the AQ's get their money back? The obvious one is the administration option but maybe, just maybe Wael has enough power to prevent this from happening as it appears he is desperate to keep hold of a substantial share holding.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 14, 2019 15:01:53 GMT
I think 4 is highly likely if Dwane do not find a buyer. How else will they get back the money that Hani is keen to recover? Care to give a % ratings on the potential outcomes? Here's mine FWIW. 1. 10% 2. 75% 3. 5% 4. 10% UTG. 2 wouldn't get Hani's capital back and I doubt if the club could afford the interest payments on the massive debt without incurring further losses so who would fund them?
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Post by eastlondongas on Dec 14, 2019 17:19:48 GMT
The man hasnt got an ounce of managerial blood in him,opposition go down to 10 and he still stick to the formation what a fool. Hahaha I love coming back to this comment! 19 Games 10 Wins 4 Draws 5 Losses 4th in League one 3 points and a game in hand INSIDE the playoffs 2 points off an automatic promotion place 52.63% league win percentage this season 1.78 points per game (82 points projection based on the traditional 46 games) What a season we're having so far.
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bloogas
Joined: July 2016
Posts: 1,090
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Post by bloogas on Dec 14, 2019 18:07:42 GMT
Some should be pleased tonight then.
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Post by a more piratey game on Dec 14, 2019 20:21:32 GMT
if he's a dick, he's now Mansfield's dick
:-(
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Dec 14, 2019 20:53:49 GMT
if he's a dick, he's now Mansfield's dick :-( And due to lack of finances, training facilities causing injuries. He knew when to leave. My best wishes and thanks to GC
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 14, 2019 22:36:43 GMT
Not get stressed about that me old Mate. It may have been cheap then, but they are pretty well exposed financially now. They won't be making anything out of this deal. I know that doesn't help us, but it does make his boasting about the original terms of the deal look a bit silly. But I am very worried BG. I agree with @philton in that I do see admin as a distinct possibility. Trying to piece together all the bits of information I’ve had, it seems the owners are asking too much but WAQ is also wanting to stay on. It’s like buying a car but promising you give the previous owner, lifts when wanted. Silly analogy I know but the best I can come up with right now. For most of us, the Rovers has been in our lives since we became sentient. Yes, I can moan with the best but it fills me with an awful feeling to think of there not being a Rovers. I don’t think the owners care at all and are just running down the clock I think you are doing yourself a disservice KP, that analogy gave me a chuckle, anyway
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Post by emperorsuperbus on Dec 14, 2019 23:26:16 GMT
if he's a dick, he's now Mansfield's dick :-( If the manager who One year ago took over a basket of a side certain to be relegated, at a basket of a club, saying just give me a bit of land to work on the players, and here we are after amazing win at Portman road fourth is not a dick, maybe fan forums calling him a dick hurt what is clearly an emotional guy, the Klopp of league one. what a year he had here.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2019 16:19:28 GMT
According to the72.co.uk/151965/mansfield-town-poach-manager-from-bristol-rovers/... This is a massive opportunity and a massive chance for me. The main attraction was the ambition of the chairman [John Radford]. How he spoke, the ambition he was displaying, the facilities at the club, it was a tremendous and huge opportunity to take on a football club and try to get them promoted. I’ve gone across to the training ground [The RH Academy] and I think the facilities are better than a lot of Championship clubs’ facilities – they are very impressive. The opportunity to manage a club like Mansfield Town, with the ambition at this football club, the facilities, and of course to be able to be at home with my wife and kids, was an absolute mammoth attraction. Maybe he is a dick.
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Deleted
Joined: January 1970
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Post by Deleted on Dec 17, 2019 16:39:39 GMT
Strong OP, but he called it right.
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Angas
Joined: May 2014
Posts: 2,067
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Post by Angas on Dec 17, 2019 17:01:10 GMT
What, so no-one commenting on the ambitious chairman, club facilities, training ground points and comparing them to ours? Strange when all you usually hear is how we don't have any of those. I know nothing about Mansfield Town so maybe that's all hogwash and his words are just what any manager says when he joins a new club? (apart from ours of course).
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Deleted
Joined: January 1970
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Post by Deleted on Dec 17, 2019 17:21:10 GMT
Their facilities are far superior to ours, frankly the ramshackle surroundings Graham left behind resemble something akin to what the Roman army used when Pontius was an air cadet.
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