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Post by swissgas on Dec 20, 2019 1:55:13 GMT
Please blame Holmes on the other forum for provoking me into responding to a question about the length of lease apparently being offered by the Fruit Market Developers for their proposed stadium.
I broached the subject there earlier with my “Groundshare” theme but didn’t get far so I’ve had another go and thought it might be of interest over here.
This is the cunning plan.
1) We know developers want the Mem and we know Hani and his family want to cut their losses but Wael wants to retain a stake.
2. If Wael wants to retain a stake but the Mem has to be sold to repay his family then we need somewhere to play in the short and long terms but we also need cash to fund the business
3. The best way to attract cash from outside sources would be to have a convincing plan in place and for Wael to show his commitment to that plan by reinvesting his share of the Mem sale proceeds into the club as equity.
4. So the steps are :
a) Agree a provisional and conditional sale of the Mem to developers
b) Agree a provisional groundshare with a suitable local club
c). Commission Deloitte or other consultants to draw up a business plan for the club based on leasing the Fruit Market Stadium and using their expertise to determine the minimum lease period necessary for that plan to work
d) Go to the market using reputable agents and the comprehensive business plan with the objective of obtaining an investment of circa 19 million in equity for a 76% stake based upon Wael reinvesting 4 million for a 16% stake. (8% held by others)
e) With the strength of a company which will be capitalized at 23 million go to the City Council and the Fruit Market Developers and say to them “you want us in, this is what we need to come in, so let’s work together to make it happen”
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Post by littlestokegas on Dec 20, 2019 9:38:55 GMT
So Bristol Rovers will not own the fruit market stadium? ....... we have been down that dead-end road before surely.
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eppinggas
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Post by eppinggas on Dec 20, 2019 10:40:19 GMT
Please blame Holmes on the other forum for provoking me into responding to a question about the length of lease apparently being offered by the Fruit Market Developers for their proposed stadium. I broached the subject there earlier with my “Groundshare” theme but didn’t get far so I’ve had another go and thought it might be of interest over here. This is the cunning plan. 1) We know developers want the Mem and we know Hani and his family want to cut their losses but Wael wants to retain a stake. 2. If Wael wants to retain a stake but the Mem has to be sold to repay his family then we need somewhere to play in the short and long terms but we also need cash to fund the business 3. The best way to attract cash from outside sources would be to have a convincing plan in place and for Wael to show his commitment to that plan by reinvesting his share of the Mem sale proceeds into the club as equity. 4. So the steps are : a) Agree a provisional and conditional sale of the Mem to developers b) Agree a provisional groundshare with a suitable local club c). Commission Deloitte or other consultants to draw up a business plan for the club based on leasing the Fruit Market Stadium and using their expertise to determine the minimum lease period necessary for that plan to work d) Go to the market using reputable agents and the comprehensive business plan with the objective of obtaining an investment of circa 19 million in equity for a 76% stake based upon Wael reinvesting 4 million for a 16% stake. (8% held by others) e) With the strength of a company which will be capitalized at 23 million go to the City Council and the Fruit Market Developers and say to them “you want us in, this is what we need to come in, so let’s work together to make it happen” That all looks good on paper. Do you think Dwane Sports have the appropriate degree of business acumen and drive to achieve it? I reckon we'll get to 4 b) and stall. Twerton.
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bondigas
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Post by bondigas on Dec 20, 2019 10:45:03 GMT
Nice proposal the only problem you have is the person you have in mind to carry this out is mentally bankrupt
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Deleted
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Post by Deleted on Dec 20, 2019 11:53:49 GMT
So Bristol Rovers will not own the fruit market stadium? ....... we have been down that dead-end road before surely. Did anybody ever believe that Bristol Rovers would? The whole scheme is geared to getting Hani and the family his money back but Wael wants to retain more than a little bit for his own entertainment. I think we need to face facts that whatever takeover eventually takes place the main asset will be lost, how else does £15m+ get repaid.
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kingswood Polak
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Post by kingswood Polak on Dec 20, 2019 12:04:53 GMT
So Bristol Rovers will not own the fruit market stadium? ....... we have been down that dead-end road before surely. Did anybody ever believe that Bristol Rovers would? The whole scheme is geared to getting Hani and the family his money back but Wael wants to retain more than a little bit for his own entertainment. I think we need to face facts that whatever takeover eventually takes place the main asset will be lost, how else does £15m+ get repaid. Some will not accept that and continue to believe. Nothing will change their minds. Bad times
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Post by alloutofgas on Dec 20, 2019 13:25:01 GMT
So Bristol Rovers will not own the fruit market stadium? ....... we have been down that dead-end road before surely. ‘We’ don’t own the Mem either
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Post by Deleted on Dec 20, 2019 13:28:06 GMT
So Bristol Rovers will not own the fruit market stadium? ....... we have been down that dead-end road before surely. ‘We’ don’t own the Mem either The shareholders/company that own Bristol Rovers own the Mem. I think that if we do move away from The Memorial Stadium the stadium that we play in will be owned by a third party and we will be renting.
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Deleted
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Post by Deleted on Dec 20, 2019 16:11:41 GMT
I think that if we do move away from The Memorial Stadium the stadium that we play in will be owned by a third party and we will be renting ...making us more vulnerable than ever before.
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Post by swissgas on Dec 20, 2019 16:25:52 GMT
I think that if we do move away from The Memorial Stadium the stadium that we play in will be owned by a third party and we will be renting ...making us more vulnerable than ever before. Not really Shoveler, whether you default on a mortgage or on a lease the result is the same. I am proposing the company should be properly capitalized from the outset which will put it in a very strong position to negotiate a secure lease on favorable terms.
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kingswood Polak
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Post by kingswood Polak on Dec 20, 2019 17:13:33 GMT
...making us more vulnerable than ever before. Not really Shoveler, whether you default on a mortgage or on a lease the result is the same. I am proposing the company should be properly capitalized from the outset which will put it in a very strong position to negotiate a secure lease on favorable terms. Do you really think any buyer will tolerate WAQ still being around ? Just my opinion but I cannot
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Post by swissgas on Dec 20, 2019 18:57:32 GMT
Not really Shoveler, whether you default on a mortgage or on a lease the result is the same. I am proposing the company should be properly capitalized from the outset which will put it in a very strong position to negotiate a secure lease on favorable terms. Do you really think any buyer will tolerate WAQ still being around ? Just my opinion but I cannot It would make it a harder sell for sure. But I think it could be done.
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Deleted
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Post by Deleted on Dec 20, 2019 19:03:51 GMT
Not really Shoveler, whether you default on a mortgage or on a lease the result is the same. Point taken, Captain. But this is why one tries to work towards paying off one's mortgage. And why to run debts that eat up all equity and thus to remortgage the gaff was such folly.
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JeffNZ
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Post by JeffNZ on Dec 20, 2019 19:05:14 GMT
Do you really think any buyer will tolerate WAQ still being around ? Just my opinion but I cannot It would make it a harder sell for sure. But I think it could be done. A small shareholding offering little influence could satisfy both parties.
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vaughan
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Post by vaughan on Dec 20, 2019 19:08:37 GMT
Swiss - you do make me laugh.
Your assumption is that Wael would put in some of his fortune - millions - in return for equity. Exactly what Lansdown does but add some zeroes to what you have asked of our President.
This is the same man who was prepared to put that Family Stand without contributing a cent to make it less embarrassing.
The man is a football fantasist who uses the money and efforts of others to make out that he is a big-wig.
DC told me that the man is "deluded".
He has sat through the whole season and this week's farce without saying a word.
Leadership? Investment?
Dream on.
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Post by Deleted on Dec 20, 2019 19:18:11 GMT
Do you really think any buyer will tolerate WAQ still being around ? Just my opinion but I cannot You cannot think any buyer will tolerate WAQ still being around? Or you cannot tolerate WAQ still being around?
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Post by swissgas on Dec 20, 2019 19:25:22 GMT
Swiss - you do make me laugh. Your assumption is that Wael would put in some of his fortune - millions - in return for equity. Exactly what Lansdown does but add some zeroes to what you have asked of our President. This is the same man who was prepared to put that Family Stand without contributing a cent to make it less embarrassing. The man is a football fantasist who uses the money and efforts of others to make out that he is a big-wig. DC told me that the man is "deluded". He has sat through the whole season and this week's farce without saying a word. Leadership? Investment? Dream on. Glad you picked that up Vaughan. But it it sounds quite reasonable doesn’t it ? Maybe others picked it up and it scares them to think Wael, as a Gashead, might not be willing put 4 million up as equity to get Rovers properly capitalized and with a Championship standard stadium so we could compete with City. That’s what the Mayor was talking about wasn’t it. Having two teams in Bristol with a realistic chance of getting to the Premiership. No one has come up with a reason that the plan wouldn’t stand at least a chance of working. Maybe someone should ask Wael if he would be interested in looking at it ?
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vaughan
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Post by vaughan on Dec 20, 2019 19:37:35 GMT
He could invest money at any time to increase our FFP.
Has he?
No, he trades on most of us not realising that he has lived his fantasy off the asset - our home - which took nearly 60 years to acquire.
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Deleted
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Post by Deleted on Dec 20, 2019 19:40:50 GMT
What has Wael ever done in his professional life that would put him in a position to have £4m laying around?
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vaughan
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Post by vaughan on Dec 20, 2019 19:45:42 GMT
He has had a great ride. General Manager of Jordanian Bank to telling everyone that he owns an English FC where he is loved...
Lovely boy, sweet dreams, but time to wake up now...
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