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Post by CabbagePatchBlues on Aug 1, 2023 11:45:40 GMT
I'm a bit confused as to the club set-up should it move to a leasehold stadium. Does it mean that any money invested in the club will go to the playing side and training ground to make the club fit for purpose in the Championship and above? It won't need to invest in a stadium it doesn't own, surely, or sell the Mem come to think of it.
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Post by lostinspace on Aug 1, 2023 12:28:34 GMT
I just sense he likes being totally in control, I wonder if wealthy investors will allow that? My guess would be new investors would listen to Wael and Joe.In the main Joe would remain very much the Boss.The money people would give him a budget. I would'nt see any reason to rock the boat as JB is doing a very good job. is he? |
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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 12:45:58 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. So if the Post article is correct - we have a new owner. If the Post has gone to print (with the edit) without getting the facts straight, they're going to look very stupid. Wael wants to stay as a figurehead, which is fine by me. But he relinquishes control. I'll say it again - why would anyone make a significant investment in BRFC if they didn't have an equally significant control over where the money gets spent? The situation is as clear as the ticketing arrangements for the Barnsley match at the Mem. |
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Post by swissgas on Aug 1, 2023 13:18:47 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?. In my considered opinion Dave, there is panic on the streets of Horfield  |
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Post by irenestoyboy on Aug 1, 2023 13:27:41 GMT
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. So if the Post article is correct - we have a new owner. If the Post has gone to print (with the edit) without getting the facts straight, they're going to look very stupid. Wael wants to stay as a figurehead, which is fine by me. But he relinquishes control. I'll say it again - why would anyone make a significant investment in BRFC if they didn't have an equally significant control over where the money gets spent? The situation is as clear as the ticketing arrangements for the Barnsley match at the Mem. This is exactly my point. Either way the BP have got it wrong. Having to spoken to someone at the club this morning about a completely separate matter, i did drop it in conversation and they told me the BP didnt even contact the club before writing the article...now they didnt say it was total nonsense but they "had written what they felt like rather than the truth". So make of that what you will..... I've no doubt that we have some investment coming our way, but who owns how much and what % etc seem to be completely speculative at the moment. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 13:37:57 GMT
My guess would be new investors would listen to Wael and Joe.In the main Joe would remain very much the Boss.The money people would give him a budget. I would'nt see any reason to rock the boat as JB is doing a very good job. is he? Is he what LIS? |
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Post by lostinspace on Aug 1, 2023 13:54:29 GMT
what your second sentence says..or infers !! |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 13:56:32 GMT
what your second sentence says..or infers !! I think so.He's our football man. |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Aug 1, 2023 14:19:52 GMT
So if the Post article is correct - we have a new owner. If the Post has gone to print (with the edit) without getting the facts straight, they're going to look very stupid. Wael wants to stay as a figurehead, which is fine by me. But he relinquishes control. I'll say it again - why would anyone make a significant investment in BRFC if they didn't have an equally significant control over where the money gets spent? The situation is as clear as the ticketing arrangements for the Barnsley match at the Mem. This is exactly my point. Either way the BP have got it wrong. Having to spoken to someone at the club this morning about a completely separate matter, i did drop it in conversation and they told me the BP didnt even contact the club before writing the article...now they didnt say it was total nonsense but they "had written what they felt like rather than the truth". So make of that what you will..... I've no doubt that we have some investment coming our way, but who owns how much and what % etc seem to be completely speculative at the moment. Only 76% gives any one shareholder "controlling" interest, which Wael has currently in Dwane Sports. If he fells 25% or more he loses that. This is a fact. If he wants a "title", it's meaningless. |
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Post by droitwichgas on Aug 1, 2023 14:30:26 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. In the UK President is a meaningless title, there's loads of President's and VP's who have zero control over anything a company does. The BP article names the prospect owner and gives a precise % he will own in DS, if the reporter hasn't spoken to the club perhaps the prospect owner, or his agent, has given him the information? You do now wonder if building the new stand was only done to try and impress the prospective owner, if not, then it seems odd timing to take out an high interest loan just when you are about to sell the club. Hopefully that new owner will appoint both an experienced CEO and Club Secretary as soon as he takes over. Then tells JB that he won't tolerate any more bad publicity from his manager and to also stop the nonsense of changing Rovers fans to view his club related tweets. |
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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 14:39:07 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?. In my considered opinion Dave, there is panic on the streets of Horfield Whilst I appreciate Rick Astley and Blossoms put on a tremendous set at Glastonbury, I was rather hoping for a tad more from our resident detective. |
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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 14:50:01 GMT
This is exactly my point. Either way the BP have got it wrong. Having to spoken to someone at the club this morning about a completely separate matter, i did drop it in conversation and they told me the BP didnt even contact the club before writing the article...now they didnt say it was total nonsense but they "had written what they felt like rather than the truth". So make of that what you will..... I've no doubt that we have some investment coming our way, but who owns how much and what % etc seem to be completely speculative at the moment. Only 76% gives any one shareholder "controlling" interest, which Wael has currently in Dwane Sports. If he fells 25% or more he loses that. This is a fact. If he wants a "title", it's meaningless. So the Post should be saying (if the 55% stake in Dwane Sports is correct) that "Al Saeed would become the largest shareholder in Dwane Sports, but would not have the sole controlling interest"? I think the title of President, though effectively meaningless, does mean a lot to Wael Al-Qadi. Doesn't make him a bad person. Interesting times. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 15:05:47 GMT
Maybe Joe would work with Wael/El Presidente,while Wael would chat to new bloke regularly and on big decisions.
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Post by droitwichgas on Aug 1, 2023 15:08:21 GMT
I'm a bit confused as to the club set-up should it move to a leasehold stadium. Does it mean that any money invested in the club will go to the playing side and training ground to make the club fit for purpose in the Championship and above? It won't need to invest in a stadium it doesn't own, surely, or sell the Mem come to think of it. I think you're getting ahead of yourself given that Congyer haven't even confirmed they are seeking pp let alone getting it and then building the stadium, if we can't even build a semi permanent stand without major issues I don't hold out much hope of a new stadium being ready in the next decade. If you invested £m's of your own money in Rovers would you want Wael, TG or DB involved in the today running or the club, I certainly wouldn't. |
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Post by droitwichgas on Aug 1, 2023 15:10:24 GMT
Maybe Joe would work with Wael/El Presidente,while Wael would chat to new bloke regularly and on big decisions. Or Weal would be side lined just dealing with FM issues before suddenly disappearing off the scene, like as happened to a few CEO's when they stay on board after their company's are taken over? |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 15:24:33 GMT
Maybe Joe would work with Wael/El Presidente,while Wael would chat to new bloke regularly and on big decisions. Or Weal would be side lined just dealing with FM issues before suddenly disappearing off the scene, like as happened to a few CEO's when they stay on board after their company's are taken over? Maybe Wael will run away with Geoff Twentymann.😏 We'll see. I hope and expect egos will be controlled, with Wael and new bloke working as a team. |
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oldie
Joined: September 2021
Posts: 7,543
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Post by oldie on Aug 1, 2023 16:01:20 GMT
Only 76% gives any one shareholder "controlling" interest, which Wael has currently in Dwane Sports. If he fells 25% or more he loses that. This is a fact. If he wants a "title", it's meaningless. So the Post should be saying (if the 55% stake in Dwane Sports is correct) that "Al Saeed would become the largest shareholder in Dwane Sports, but would not have the sole controlling interest"? I think the title of President, though effectively meaningless, does mean a lot to Wael Al-Qadi. Doesn't make him a bad person. Interesting times. Pretty much Epping |
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Post by Topper Gas on Aug 1, 2023 16:12:14 GMT
Or Weal would be side lined just dealing with FM issues before suddenly disappearing off the scene, like as happened to a few CEO's when they stay on board after their company's are taken over? Maybe Wael will run away with Geoff Twentymann.😏 We'll see. I hope and expect egos will be controlled, with Wael and new bloke working as a team. Today's signing of Connor Taylor suggests the new owners are content to work with Wael/JB leaving them to make the big decisions, on the field anyway, as I assume they must have approved the signing. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 16:27:12 GMT
Maybe Wael will run away with Geoff Twentymann.😏 We'll see. I hope and expect egos will be controlled, with Wael and new bloke working as a team. Today's signing of Connor Taylor suggests the new owners are content to work with Wael/JB leaving them to make the big decisions, on the field anyway, as I assume they must have approved the signing. We've signed him! Great news and as you say clarifies my expectations of Joe,Wael and new bloke. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Aug 1, 2023 17:29:37 GMT
Maybe a £300,000 for Connor Taylor.
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