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Post by rufustfirefly on Aug 3, 2023 14:56:07 GMT
At the start of the week we were experiencing 'Strange Times' with a view that the 'new owner was undermined' (by the story hitting the press), 'a smoke screen' - to disguise the disaster that is the saff stand. Unrest on the streets of Horfield.
As the week draws to a close and the President and the new investor are in a position to clarify the situation it seems that optimistic head gear is the popular fashion item in BS7.
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eppinggas
Administrator
Ian Alexander
Don't care
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Post by eppinggas on Aug 3, 2023 15:11:03 GMT
At the start of the week we were experiencing 'Strange Times' with a view that the ' new owner was undermined' (by the story hitting the press), 'a smoke screen' - to disguise the disaster that is the saff stand. Unrest on the streets of Horfield. As the week draws to a close and the President and the new investor are in a position to clarify the situation it seems that optimistic head gear is the popular fashion item in BS7. I thought it odd that the story had leaked out as I would have thought that Wael Al-Qadi would have wanted to control the narrative. We shall see how this all pans out. But like I said, I am cautiously optimistic. Which doesn't happen often. |
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TaiwanGas
Paul Bannon
Tom Ramasuts Left Foot.
Joined: June 2014
Posts: 1,538
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Post by TaiwanGas on Aug 3, 2023 15:20:10 GMT
Good news methinks, and feel quite optimistic now all is confirmed and in the public domain. I still cannot see the fruit market happening though, and think that with all the uncertainty we may press on now to re-develop the Mem in stages. Perhaps But it would be a bit strange for an investor to put in a wedge for 55% and then just sit on it, bumbling along in L1 in a stadium barely fit for purpose with no real growth prospects in sight. Yes Oldie it would be strange I agree, and I do hope something is in the pipeline. I am thinking more for the now, what can be done to maximise what we currently have. If fruity things are announced next week we will still be at the Mem for at least the next 4 seasons. I am not up to date on Conygar business but from my poor memory they are still yet to submit for planning on the FM?, perhaps I am wrong. |
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Post by droitwichgas on Aug 3, 2023 20:10:40 GMT
Good news methinks, and feel quite optimistic now all is confirmed and in the public domain. I still cannot see the fruit market happening though, and think that with all the uncertainty we may press on now to re-develop the Mem in stages. If the FM isn't happening how has Wael sold the deal to the new investors, as losing £3m p.a at the Mem hardly seems an attractive proposition to attract investors? The danger is the investors just see the FM as a money making exercise rather than a good move for the club, what seems odd to me is that the investors seem none unities on the web, where have they made their money? |
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Post by emperorsuperbus on Aug 3, 2023 20:50:25 GMT
Building anything without planning permission in this part of the world is a strange decision. 🤔
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TaiwanGas
Paul Bannon
Tom Ramasuts Left Foot.
Joined: June 2014
Posts: 1,538
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Post by TaiwanGas on Aug 3, 2023 20:53:42 GMT
Good news methinks, and feel quite optimistic now all is confirmed and in the public domain. I still cannot see the fruit market happening though, and think that with all the uncertainty we may press on now to re-develop the Mem in stages. If the FM isn't happening how has Wael sold the deal to the new investors, as losing £3m p.a at the Mem hardly seems an attractive proposition to attract investors? The danger is the investors just see the FM as a money making exercise rather than a good move for the club, what seems odd to me is that the investors seem none unities on the web, where have they made their money? The fruit market is still an unknown imo, you can read my reply to oldie as above. With detailed budgets and plans in place we all thought the UWE was a done deal when the Quadi’s came on board, but once the real negotiations started the wheels fell off fairly quickly and nothing was built. Again, I am not 100% on this but, we know nothing about Conygar plans other than they have an option to build on the 14/15 Acre FM site. I am not sure how our new investors could glean enough from Conygar at this stage to make an investment based on the FM. Perhaps our rushed venture to rebuild the South West Stand was actually a ‘selling point’ on how the Mem could be ‘rebuilt’ on a budget to get the new investors interested?, I guess one will never know, or, all will be revealed in the not to distant future. Not all investors look for a quick return, or even a return on their investment, some just seek an opportunity and are willing to take an expensive ride. |
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Post by droitwichgas on Aug 3, 2023 21:22:25 GMT
The new investors were apparently involved in the talks with Congyer so you'd have to assume that they have a fairly good understanding of what's required.
Although what's said and what actually happens is always two different things when Rovers are concerned. I can't see we've seen any proof these two are particularly wealthy individuals..
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Post by o2o2bo2ba on Aug 4, 2023 6:22:42 GMT
Interesting when we play FGR ..
Oil v Just Stop Oil
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bluetornados
Predictions League
Joined: June 2014
Posts: 15,755
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Post by bluetornados on Aug 4, 2023 8:22:45 GMT
Joey Barton makes Manchester City point as he reacts to Bristol Rovers takeover..by Daniel Hargraves.Joey Barton and Andy Mangan have reacted to Bristol Rovers' announcement that the club will have a new ownership structure after the EFL approved an agreement for Kuwaiti investor Hussain AlSaeed to purchase a 55 per cent stake in Dwane Sports, who hold a majority share in the club. Rovers confirmed the takeover on Thursday following talks between president Wael Al-Qadi and AlSaeed over selling a stake in Dwane Sports. AlSaeed will join Wael A Qadi (40.5 per cent) and Samer Al-Qadi (4.5 per cent) as co-owners of Dwane Sports and, as a result, Rovers. The Kuwaiti becomes chairman of the board with his son Abdullatif as executive vice-president. Bristol Live understands AlSaeed, whose wealth remains something of an unknown given his lack of public profile, will bring additional resources to fund Barton's transfer budget for this window and beyond. With the 2023/24 League One season set to start on Saturday at Portsmouth, securing extra investment going into a new campaign while the summer window is still open for over three weeks could prove to be a major benefit for the Gas. Speaking to BBC Radio Bristol's 'Having a Gas' podcast about the takeover, Barton said: "I think for every fanbase, I think they're all realistic now in terms of you need to speculate in order to accumulate. This is football. A lot of successful businessmen come into this arena. Some of those skills that make you successful in business are transferable and obviously some of them are not. ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/53D2/production/_120685412_shutterstock_editorial_12349214ch.jpg"I always think the right type of investment in football as we've seen when done properly can be fantastic for a football club. Just look at Manchester City and what it's done to that football club but also the community and the local area. But also we've seen sometimes when that doesn't go so well. "Look, we think that the Gasheads and the people of Bristol know that with Wael you've got a really good person who cares about the football club. He's the reason I came here, I wouldn't have joined the football club if it wasn't for Wael. I came to work for him and he's been really bold with some big decisions to move the club along in the right direction." AlSaeed has been privy to discussions around the proposed development at the Fruit Market site in St Philip's Marsh with talks between Rovers and Conygar ongoing over the plausibility of the project in terms of building a stadium in that area of the city. The new chairman of the board also arrives amid issues around the construction of a new South Stand at the Mem with the Gas yet to secure planning permission for the proposed structure that will make room for another 3,414 supporters. Rovers took out a loan at the start of the summer to fund the build, secured against the Mem, while the latest club accounts for the 2021/22 season revealed record annual losses of £3.7m. "I think what everyone of the blue persuasion in Bristol wants is a nice stadium to go and build the next chapter of the club around," Barton added. "I think we're 140 years old this year and who's to say that this doesn't take the club to 200 years which would be a huge testament to all the Gasheads over the centuries who have somehow, through trial and tribulation, kept the quarter jersey going. "As I say, I'm just a custodian of the managerial seat and I think Wael is a custodian of the ownership seat. But again, if the club is going to be successful into the long-term and hopefully get to the Premier League and beyond, I think outside investment is going to be key. As Newcastle have found out." ichef.bbci.co.uk/onesport/cps/800/cpsprodpb/26CA/production/_126103990_shutterstock_editorial_13037400d.jpgBarton, however, will be absent for the trip to Portsmouth as well as the Gas' following fixtures against Ipswich Town and Barnsley as the Rovers boss serves a three-game stadium ban after swearing at a match official towards the end of last season. Therefore, first-team coach Mangan will take charge of the team for the next three games and, as a result, spoke to Bristol Live ahead of the match, sharing his thoughts on the news. "I've met the new owners and they're great," the Rovers coach confirmed. "Wael has chosen really well with the new owners, they're really friendly. Spoke to them and I really like everything they've got to say about Bristol Rovers and improving the club, which they certainly want to do. "Judging on Wael's past with the club, I think the club is in really good hands. The fans should be really excited. But again, I've also seen a lot of teams in the past waste an awful lot of money. I won't name the clubs because that would be disrespectful of me but there's a few clubs that are higher up the food chain at the moment and you can see they've wasted an awful lot of money. "What we want to do is we want to do it the correct way. That might take a little bit longer but it will create a real platform for the club to move forwards."
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oldie
Joined: September 2021
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Post by oldie on Aug 4, 2023 8:54:01 GMT
If the FM isn't happening how has Wael sold the deal to the new investors, as losing £3m p.a at the Mem hardly seems an attractive proposition to attract investors? The danger is the investors just see the FM as a money making exercise rather than a good move for the club, what seems odd to me is that the investors seem none unities on the web, where have they made their money? The fruit market is still an unknown imo, you can read my reply to oldie as above. With detailed budgets and plans in place we all thought the UWE was a done deal when the Quadi’s came on board, but once the real negotiations started the wheels fell off fairly quickly and nothing was built. Again, I am not 100% on this but, we know nothing about Conygar plans other than they have an option to build on the 14/15 Acre FM site. I am not sure how our new investors could glean enough from Conygar at this stage to make an investment based on the FM. Perhaps our rushed venture to rebuild the South West Stand was actually a ‘selling point’ on how the Mem could be ‘rebuilt’ on a budget to get the new investors interested?, I guess one will never know, or, all will be revealed in the not to distant future. Not all investors look for a quick return, or even a return on their investment, some just seek an opportunity and are willing to take an expensive ride. I cannot help but believe that the club are just a vehicle for a stake in the Fruit Market Development Scheme. That is where they will earn a return on their investment, otherwise why do it. Barton's analogy with Man City is ridiculous and exposes his misunderstanding. Those investors, in many (if not all) from oil rich states are no different from the people who ripped off Russian state assets. Or they Sovereign Wealth Funds which their State uses as a PR exercise to gloss over the realities inherent in their country. On another level it will be interesting how they will tolerate Barton's media outbursts and comments. I realise that this is the way of the world at the moment but I cannot get rid of a gut feeling that this is all a bit "grubby". For me, lifelong supporter of the club, I cannot help but admire Steve Lansdown by comparison, locally developed business made good. Money invested locally into his chosen club(s). Hopefully my feelings will be found to be misplaced and we are on the verge of sunny uplands of a higher level of football and achievements. |
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Post by o2o2bo2ba on Aug 4, 2023 10:28:48 GMT
Maybe if investment isn't secured with maximum return, they're not shy out there with repercussions.
Heads might roll.
Literally...
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TaiwanGas
Paul Bannon
Tom Ramasuts Left Foot.
Joined: June 2014
Posts: 1,538
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Post by TaiwanGas on Aug 4, 2023 11:59:15 GMT
The fruit market is still an unknown imo, you can read my reply to oldie as above. With detailed budgets and plans in place we all thought the UWE was a done deal when the Quadi’s came on board, but once the real negotiations started the wheels fell off fairly quickly and nothing was built. Again, I am not 100% on this but, we know nothing about Conygar plans other than they have an option to build on the 14/15 Acre FM site. I am not sure how our new investors could glean enough from Conygar at this stage to make an investment based on the FM. Perhaps our rushed venture to rebuild the South West Stand was actually a ‘selling point’ on how the Mem could be ‘rebuilt’ on a budget to get the new investors interested?, I guess one will never know, or, all will be revealed in the not to distant future. Not all investors look for a quick return, or even a return on their investment, some just seek an opportunity and are willing to take an expensive ride. I cannot help but believe that the club are just a vehicle for a stake in the Fruit Market Development Scheme. That is where they will earn a return on their investment, otherwise why do it. Barton's analogy with Man City is ridiculous and exposes his misunderstanding. Those investors, in many (if not all) from oil rich states are no different from the people who ripped off Russian state assets. Or they Sovereign Wealth Funds which their State uses as a PR exercise to gloss over the realities inherent in their country. On another level it will be interesting how they will tolerate Barton's media outbursts and comments. I realise that this is the way of the world at the moment but I cannot get rid of a gut feeling that this is all a bit "grubby". For me, lifelong supporter of the club, I cannot help but admire Steve Lansdown by comparison, locally developed business made good. Money invested locally into his chosen club(s). Hopefully my feelings will be found to be misplaced and we are on the verge of sunny uplands of a higher level of football and achievements. You may well be right Oldie, the Club could well be used as a vehicle for a stake in the FM. I do wonder how much they have to invest when the FM Stadium figures get bandied about, or perhaps our new Investors have even bigger Investors waiting in the wings, who knows. I just hope that for the now they get behind the playing budget and if not redeveloping the Mem at least invest in improving it, in other words show some financial commitment from the off, improving and investing in all things Rovers and not sat on their hands waiting for the FM to happen, even if the plans were submitted now, we would still have another 4 years at the Mem as I see it. Nothing is moving at any pace on the development of the Temple Qtr as a whole (apart from UWE) but then again the Temple Qtr, St Phillips-South Project is a 10 to 20 year project. |
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Post by CabbagePatchBlues on Aug 4, 2023 12:16:47 GMT
The fruit market is still an unknown imo, you can read my reply to oldie as above. With detailed budgets and plans in place we all thought the UWE was a done deal when the Quadi’s came on board, but once the real negotiations started the wheels fell off fairly quickly and nothing was built. Again, I am not 100% on this but, we know nothing about Conygar plans other than they have an option to build on the 14/15 Acre FM site. I am not sure how our new investors could glean enough from Conygar at this stage to make an investment based on the FM. Perhaps our rushed venture to rebuild the South West Stand was actually a ‘selling point’ on how the Mem could be ‘rebuilt’ on a budget to get the new investors interested?, I guess one will never know, or, all will be revealed in the not to distant future. Not all investors look for a quick return, or even a return on their investment, some just seek an opportunity and are willing to take an expensive ride. I cannot help but believe that the club are just a vehicle for a stake in the Fruit Market Development Scheme. That is where they will earn a return on their investment, otherwise why do it. Barton's analogy with Man City is ridiculous and exposes his misunderstanding. Those investors, in many (if not all) from oil rich states are no different from the people who ripped off Russian state assets. Or they Sovereign Wealth Funds which their State uses as a PR exercise to gloss over the realities inherent in their country. On another level it will be interesting how they will tolerate Barton's media outbursts and comments. I realise that this is the way of the world at the moment but I cannot get rid of a gut feeling that this is all a bit "grubby". For me, lifelong supporter of the club, I cannot help but admire Steve Lansdown by comparison, locally developed business made good. Money invested locally into his chosen club(s). Hopefully my feelings will be found to be misplaced and we are on the verge of sunny uplands of a higher level of football and achievements. I've thought that all along and mentioned it once or twice. It's a massive development and a gold mine for investment banks. Having said that, Wael has done a lot for the club so far and I see no reason why he or the new guy wouldn't carry on in the same vein should the scheme get pp. It's what they're good at. |
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JeffNZ
Administrator
Jimmy Morgan
Joined: May 2014
Posts: 2,761
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Post by JeffNZ on Aug 4, 2023 17:18:11 GMT
Interesting when we play FGR .. Oil v Just Stop Oil ...or Brist-oil Rovers vs Forests of Green |
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bondigas
Joined: December 2017
Posts: 407
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Post by bondigas on Aug 4, 2023 17:37:01 GMT
I see Gorringe has tweeted that he would like the new guys to reveal their football allegiances,interests and background !
Does he think they could be sports washers or something ?
Not sure that was a wise thing to do, but there again, committing to a new stand without pp wasn't wise either !!!
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Post by Dr John Dee on Aug 11, 2023 9:53:03 GMT
The new investors were apparently involved in the talks with Congyer so you'd have to assume that they have a fairly good understanding of what's required. Although what's said and what actually happens is always two different things when Rovers are concerned. I can't see we've seen any proof these two are particularly wealthy individuals.. ISn't the solution to this for them to buy control of Conygar? My maths and business sense is ropey, and I am ready and willing to be corrected, but I see Conygar market capitalisation at around £60M, so a £30M share purchase would get you pretty close. Some player from Brighton I have never even heard of just sold for £111M. If you haven't got that sort of wonga in your back pocket, you aren't really rich as a football club owner. Scrabbling around in the dirt with £2 or £3M per year servicing a debt is just bottom feeding. |
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eppinggas
Administrator
Ian Alexander
Don't care
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Post by eppinggas on Oct 27, 2023 7:38:51 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. Well I guess that's one question answered. Gibson, now Barton. How long does the mute Director of Football have left? And if I was in Tom Gorringe's shoes I'd probably be brushing up my LinkedIn profile. For the Times they are a-Changin'. |
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