bondigas
Joined: December 2017
Posts: 407 
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Post by bondigas on Aug 1, 2023 7:56:02 GMT
Barton will find it impossible to juggle with two people each believing they have the final say in running the club. Investors don't pour money down the drain like others before them, they want to know where their money is being spent. Tears for souvenirs is a very likely outcome with people exiting the club like lemmings jumping off a cliff.
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 7:56:37 GMT
Who's to say they are going to listen to a word Wael says if they are big investors? After seeing the state of the Mem on Saturday they'll probably want Wael as far away from decision making as possible! New owner. Fresh eyes on BRFC and the management set up. I wonder what Hussain Al Saeed will make of Barton. 1. Don't rock the boat initially, keep things in place. 2. Take a very large broom to everything. In the latter scenario - Barton and his entourage leaves, supporters will welcome the ownership. A united fan base? (I accept it's a minority who have an aversion to Barton, but a fully united fan base can only be a good thing). I would imagine it would only be a very very small minority who would take offence to a totally new management set up. Basel. Bitter rubbish. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 7:57:54 GMT
Added cash for players,transfers and wages then.
Great news if it gets signed on the dotted line.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,604
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Post by eppinggas on Aug 1, 2023 8:03:11 GMT
New owner. Fresh eyes on BRFC and the management set up. I wonder what Hussain Al Saeed will make of Barton. 1. Don't rock the boat initially, keep things in place. 2. Take a very large broom to everything. In the latter scenario - Barton and his entourage leaves, supporters will welcome the ownership. A united fan base? (I accept it's a minority who have an aversion to Barton, but a fully united fan base can only be a good thing). I would imagine it would only be a very very small minority who would take offence to a totally new management set up. Basel. Hes not a new owner, hes an investor or at least thats how the article reads. The post have gotten it wrong by saying hes buying a controlling 55% stake. It could be a significant share but for Wael to remain President he will have to have the controlling stake of at least 51% and his brother will retain a small % giving the AlQadi's still significant or majority control. Thanks ITB, apologies if I got that wrong. Why would anyone make a significant investment if they don't have a controlling interest? swissgas oldie anyone?!? |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 8:09:58 GMT
Barton will find it impossible to juggle with two people each believing they have the final say in running the club. Investors don't pour money down the drain like others before them, they want to know where their money is being spent. Tears for souvenirs is a very likely outcome with people exiting the club like lemmings jumping off a cliff. You hope. |
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eppinggas
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Ian Alexander
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Post by eppinggas on Aug 1, 2023 8:12:37 GMT
Bristol Post better re-write things if the following statement is not correct:
"The agreement will see Al Saeed purchase a 55 per cent controlling stake and become co-owner of Dwane Sports, who hold own a 96.5 per cent stake in the Gas, with Wael Al-Qadi retaining his position as club figurehead".
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Post by irenestoyboy on Aug 1, 2023 8:23:30 GMT
Bristol Post better re-write things if the following statement is not correct: "The agreement will see Al Saeed purchase a 55 per cent controlling stake and become co-owner of Dwane Sports, who hold own a 96.5 per cent stake in the Gas, with Wael Al-Qadi retaining his position as club figurehead". There is an edit at the bottom of the article saying they have gotten it wrong. "Editor's note: This story corrects an error in our print edition which erroneously claims Mr Al Saeed is purchasing a 55 per cent stake in Bristol Rovers" Not a good start for the new reporter....  |
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eppinggas
Administrator
Ian Alexander
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Post by eppinggas on Aug 1, 2023 8:33:03 GMT
Bristol Post better re-write things if the following statement is not correct: "The agreement will see Al Saeed purchase a 55 per cent controlling stake and become co-owner of Dwane Sports, who hold own a 96.5 per cent stake in the Gas, with Wael Al-Qadi retaining his position as club figurehead". There is an edit at the bottom of the article saying they have gotten it wrong. "Editor's note: This story corrects an error in our print edition which erroneously claims Mr Al Saeed is purchasing a 55 per cent stake in Bristol Rovers" Not a good start for the new reporter.... But surely a 55% share of Dwane Sports represents a controlling interest of BRFC? ie 55% of 96.5% = 53.1%. What am I not understanding?!? (Please keep it short)  |
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Post by irenestoyboy on Aug 1, 2023 8:54:29 GMT
There is an edit at the bottom of the article saying they have gotten it wrong. "Editor's note: This story corrects an error in our print edition which erroneously claims Mr Al Saeed is purchasing a 55 per cent stake in Bristol Rovers" Not a good start for the new reporter.... But surely a 55% share of Dwane Sports represents a controlling interest of BRFC? ie 55% of 96.5% = 53.1%. What am I not understanding?!? (Please keep it short) DS is an umbrella company which owns BRFC (which is its own Ltd Company), The Mem (Which is its own company), Possibly the Quarters (ill ned to check). The investment is in the umbrella company, not the football club itself and its the umbrella company that has divided up the shares for investment, not the football club. So the shareholding could possibly look like this: Posted from my other edited post that you may not have seen. So if Wael had 90% and he wants a controlling share then he would have to retain 48%, Samer 4.5% and Al-Saeed 43.5% to have overall control. Thats assuming Al-Saeed is coming in with that much to begin with. |
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eppinggas
Administrator
Ian Alexander
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Post by eppinggas on Aug 1, 2023 9:21:06 GMT
But surely a 55% share of Dwane Sports represents a controlling interest of BRFC? ie 55% of 96.5% = 53.1%. What am I not understanding?!? (Please keep it short) DS is an umbrella company which owns BRFC (which is its own Ltd Company), The Mem (Which is its own company), Possibly the Quarters (ill ned to check). The investment is in the umbrella company, not the football club itself and its the umbrella company that has divided up the shares for investment, not the football club. So the shareholding could possibly look like this: Posted from my other edited post that you may not have seen. So if Wael had 90% and he wants a controlling share then he would have to retain 48%, Samer 4.5% and Al-Saeed 43.5% to have overall control. Thats assuming Al-Saeed is coming in with that much to begin with. Thanks for finding time to write that up. I still don't get it (I'm not being deliberately dense). If this goes through - who owns Bristol Rovers FC? Or don't we actually know for sure? |
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Post by irenestoyboy on Aug 1, 2023 9:29:40 GMT
DS is an umbrella company which owns BRFC (which is its own Ltd Company), The Mem (Which is its own company), Possibly the Quarters (ill ned to check). The investment is in the umbrella company, not the football club itself and its the umbrella company that has divided up the shares for investment, not the football club. So the shareholding could possibly look like this: Posted from my other edited post that you may not have seen. So if Wael had 90% and he wants a controlling share then he would have to retain 48%, Samer 4.5% and Al-Saeed 43.5% to have overall control. Thats assuming Al-Saeed is coming in with that much to begin with. Thanks for finding time to write that up. I still don't get it (I'm not being deliberately dense). If this goes through - who owns Bristol Rovers FC? Or don't we actually know for sure? DS own Bristol Rovers, which would be made up of 3 shareholders Wael, Samer and Al-Saeed. Currently its just Wael and Samer. Wael would own the controlling shares so still calls the shots. How much Al-Saeed is buying we dont know yet, thats if he passes the fit and proper test and everything the BP has written is true. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 1, 2023 9:30:11 GMT
Sorry to piss on anybody’s chips but I find this whole situation extremely disturbing. Starting with a s**t show south stand now being erected without planning permission, a ground capacity reduction for the foreseeable future to around 8000, tickets for any upcoming home games still not on general sale and now what effectively amounts to Wael baling out. All we see is the tip of the iceberg who knows the reality of what’s going on behind the scenes. For us older more experienced supporters the ghosts of the Flook and Bradshaw era may be coming to mind. Look where that ended up. What are your gut feelings Swiss?.
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Post by irenestoyboy on Aug 1, 2023 9:36:48 GMT
Sorry to piss on anybody’s chips but I find this whole situation extremely disturbing. Starting with a s**t show south stand now being erected without planning permission, a ground capacity reduction for the foreseeable future to around 8000, tickets for any upcoming home games still not on general sale and now what effectively amounts to Wael baling out. All we see is the tip of the iceberg who knows the reality of what’s going on behind the scenes. For us older more experienced supporters the ghosts of the Flook and Bradshaw era may be coming to mind. Look where that ended up. What are your gut feelings Swiss?. How can Wael be bailing out if he still owns half the club? (Still owns most of it btw) I do agree the whole stand issue is an utter shambles. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 1, 2023 9:49:44 GMT
Sorry to piss on anybody’s chips but I find this whole situation extremely disturbing. Starting with a s**t show south stand now being erected without planning permission, a ground capacity reduction for the foreseeable future to around 8000, tickets for any upcoming home games still not on general sale and now what effectively amounts to Wael baling out. All we see is the tip of the iceberg who knows the reality of what’s going on behind the scenes. For us older more experienced supporters the ghosts of the Flook and Bradshaw era may be coming to mind. Look where that ended up. What are your gut feelings Swiss?. How can Wael be bailing out if he still owns half the club? (Still owns most of it btw) I do agree the whole stand issue is an utter shambles. You are probably a lot younger than me, the fact that this move has even been made brings echoes of similar events with similar ‘positive’ implications from the past to mind. The Flook and Bradshaw era should serve as a warning in that every time someone in the past has relinquished any kind of control the club has suffered disaster. There’s a strange synchronicity here in that the collapse of Flook and Bradshaw, the shock of being out of a ground overnight and only finding out at the last home game of that season was against Chesterfield. I may be wrong bright sunny uplands and premier league football might be in view but my guts are turning over this morning based on previous experience. |
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Post by irenestoyboy on Aug 1, 2023 10:03:54 GMT
How can Wael be bailing out if he still owns half the club? (Still owns most of it btw) I do agree the whole stand issue is an utter shambles. You are probably a lot younger than me, the fact that this move has even been made brings echoes of similar events with similar ‘positive’ implications from the past to mind. The Flook and Bradshaw era should serve as a warning in that every time someone in the past has relinquished any kind of control the club has suffered disaster. There’s a strange synchronicity here in that the collapse of Flook and Bradshaw, the shock of being out of a ground overnight and only finding out at the last home game of that season was against Chesterfield. I may be wrong bright sunny uplands and premier league football might be in view but my guts are turning over this morning based on previous experience. Even the board pre ALQ was a divided ownership. Rough numbers but I think it was Higgs 60% Dunford 15% Bradshaw 15% Ware 10%. As long as Al-Saeed has the money and due dilligence has been done on our side, it should be positive. Howver we will probably never know the ins and outs so you are correct to maintain a degree of skeptism. The main difference is that we own the Mem unlike Eastville, its tied to the club and your fears about history repeating itself should be quelled. |
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Post by Portishead Pirate on Aug 1, 2023 10:13:26 GMT
Thanks for finding time to write that up. I still don't get it (I'm not being deliberately dense). If this goes through - who owns Bristol Rovers FC? Or don't we actually know for sure? DS own Bristol Rovers, which would be made up of 3 shareholders Wael, Samer and Al-Saeed. Currently its just Wael and Samer. Wael would own the controlling shares so still calls the shots. How much Al-Saeed is buying we dont know yet, thats if he passes the fit and proper test and everything the BP has written is true. As far as I see it, based on what's been said (correct me if I'm wrong!): NowDwayne Sports Limited
96.5% | Others
3.5% |
own: BRFC (1883) Limited
| (who own the Memorial Stadium) |
who in turn own 100% of: | BRFC | (Football operations and player contracts) |
Above is unchanged other than at the top level where new investor will own 55% of Dwayne Sports Limited. Effective ownership of 1883 (and therefore BRFC) becomes: New investor 55% x 96.5% = 53.08% Existing co-owners of Dwayne Sports Limited (Al-Qadi's presumably) 45% x 96.5% = 43.42% Existing others (Supporters Club and individual shareholders) = 3.5% How does that look? PP |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 1, 2023 10:36:10 GMT
You are probably a lot younger than me, the fact that this move has even been made brings echoes of similar events with similar ‘positive’ implications from the past to mind. The Flook and Bradshaw era should serve as a warning in that every time someone in the past has relinquished any kind of control the club has suffered disaster. There’s a strange synchronicity here in that the collapse of Flook and Bradshaw, the shock of being out of a ground overnight and only finding out at the last home game of that season was against Chesterfield. I may be wrong bright sunny uplands and premier league football might be in view but my guts are turning over this morning based on previous experience. Even the board pre ALQ was a divided ownership. Rough numbers but I think it was Higgs 60% Dunford 15% Bradshaw 15% Ware 10%. As long as Al-Saeed has the money and due dilligence has been done on our side, it should be positive. Howver we will probably never know the ins and outs so you are correct to maintain a degree of skeptism. The main difference is that we own the Mem unlike Eastville, its tied to the club and your fears about history repeating itself should be quelled. You may be and I hope you are right. What can’t be questioned is that Wael has resisted any and all attempts to allow any other involvement with the club previously. I think I can recall him stating that this is ‘my club’ at some point. This south stand thing may well be another episode of being crapped on by the council. Wael may well have received assurances that planning permission for replacing the two eyesore structures would be a given, waved through, I can’t see any situation in which he would have allowed the removal of the previous structures if there was any lack of certainty their replacement would be ready as advertised. He may have had a guts full, they’ve at best made him look an idiot at worst dishonest and now has to come forward without delay to give a full and frank assessment of where the club stands going forward. |
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Post by irenestoyboy on Aug 1, 2023 10:42:32 GMT
DS own Bristol Rovers, which would be made up of 3 shareholders Wael, Samer and Al-Saeed. Currently its just Wael and Samer. Wael would own the controlling shares so still calls the shots. How much Al-Saeed is buying we dont know yet, thats if he passes the fit and proper test and everything the BP has written is true. As far as I see it, based on what's been said (correct me if I'm wrong!): NowDwayne Sports Limited
96.5% | Others
3.5% |
own: BRFC (1883) Limited
| (who own the Memorial Stadium) |
who in turn own 100% of: | BRFC | (Football operations and player contracts) |
Above is unchanged other than at the top level where new investor will own 55% of Dwayne Sports Limited. Effective ownership of 1883 (and therefore BRFC) becomes: New investor 55% x 96.5% = 53.08% Existing co-owners of Dwayne Sports Limited (Al-Qadi's presumably) 45% x 96.5% = 43.42% Existing others (Supporters Club and individual shareholders) = 3.5% How does that look? PP That is incorrect information by the BP covered by their edit, and so we dont know exactly how accurate that information is. The investment is in Dwane Sports which is currently 90% Wael and 10 Samer. So Al-Saeed does buy 55% then yes, he'll be the majority shareholder of both DS and BRFC, but I still dont see how Wael can remain club president without a controlling interest, which makes me think the BPs story is about 50% accurate and they are no more ITK than you or I. |
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Post by irenestoyboy on Aug 1, 2023 10:47:43 GMT
Even the board pre ALQ was a divided ownership. Rough numbers but I think it was Higgs 60% Dunford 15% Bradshaw 15% Ware 10%. As long as Al-Saeed has the money and due dilligence has been done on our side, it should be positive. Howver we will probably never know the ins and outs so you are correct to maintain a degree of skeptism. The main difference is that we own the Mem unlike Eastville, its tied to the club and your fears about history repeating itself should be quelled. You may be and I hope you are right. What can’t be questioned is that Wael has resisted any and all attempts to allow any other involvement with the club previously. I think I can recall him stating that this is ‘my club’ at some point. This south stand thing may well be another episode of being crapped on by the council. Wael may well have received assurances that planning permission for replacing the two eyesore structures would be a given, waved through, I can’t see any situation in which he would have allowed the removal of the previous structures if there was any lack of certainty their replacement would be ready as advertised. He may have had a guts full, they’ve at best made him look an idiot at worst dishonest and now has to come forward without delay to give a full and frank assessment of where the club stands going forward. And that is his right as owner. Whatever offers hes had might not have been acceptable, he may have asked for certain conditions to be met or he really is acting in our best interests and those deals werent right for the club. I think the PP episode was complete naievty on the part of the whole board in thinking that we had permission once, that we will get it again with no opposition from all the Nimbys and Green hippys that live in that area. No doubt TG has probably instigated the idea and Wael has signed off on it, but the execution of the planning application looks shambolic. Couple that with the impatience to get it ready for this season and we have shot ourselves in the feet with both barrels. |
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Post by Portishead Pirate on Aug 1, 2023 10:48:27 GMT
As far as I see it, based on what's been said (correct me if I'm wrong!): NowDwayne Sports Limited
96.5% | Others
3.5% |
own: BRFC (1883) Limited
| (who own the Memorial Stadium) |
who in turn own 100% of: | BRFC | (Football operations and player contracts) |
Above is unchanged other than at the top level where new investor will own 55% of Dwayne Sports Limited. Effective ownership of 1883 (and therefore BRFC) becomes: New investor 55% x 96.5% = 53.08% Existing co-owners of Dwayne Sports Limited (Al-Qadi's presumably) 45% x 96.5% = 43.42% Existing others (Supporters Club and individual shareholders) = 3.5% How does that look? PP That is incorrect information by the BP covered by their edit, and so we dont know exactly how accurate that information is. The investment is in Dwane Sports which is currently 90% Wael and 10 Samer. So Al-Saeed does buy 55% then yes, he'll be the majority shareholder of both DS and BRFC, but I still dont see how Wael can remain club president without a controlling interest, which makes me think the BPs story is about 50% accurate and they are no more ITK than you or I. These are the excerpts from Bristol Live: Main text: "The agreement will see Al Saeed purchase a 55 per cent controlling stake and become co-owner of Dwane Sports, who hold own a 96.5 per cent stake in the Gas, with Wael Al-Qadi retaining his position as club figurehead." Addendum: "Editor's note: This story corrects an error in our print edition which erroneously claims Mr Al Saeed is purchasing a 55 per cent stake in Bristol Rovers." Hence how I applied the 55%. Anyway, until we know, we don't know! UTG  |
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