brizzle
Lindsay Parsons
No Buy . . . No Sell!
Joined: May 2014
Posts: 4,293 
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Post by brizzle on Sept 9, 2014 13:25:32 GMT
Are there any investors lurking in the wings to enable us to start again? Even rumours of will suffice to lift my weary soul? Premier Blue, even Geriatric Blue? I have been advised that the best thing to happen now to BRFC is for them to enter administration. It will remove the current board, allow a possible fan-supported / investor buy-out and hopefully engender a backs-to-the-wall mentality. Rag-bag Rovers Return. For me, such talk was always the economics of madness, but I actually think there is some Machiavellian logic in this i.e. the end justfies the means. This post reminds me of the posts last season, wishing for a relegation to the Conference where we could re-group, or some such nonsense. Be careful what you wish for is my advice, it could come true.  |
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Post by stevek192 on Sept 9, 2014 14:08:55 GMT
BG How on earth did this thread get to the old chestnut that is Kevin Spencer? The most important thing is Bristol Rovers Football Club and it seems bloody ridiculous that every thread ends up about KS and to say he did nothing is ridiculous as even he knows he did something. This thread is about Investors and going into administration.
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Post by Eclectic Blue on Sept 9, 2014 14:16:39 GMT
BG How on earth did this thread get to the old chestnut that is Kevin Spencer? The most important thing is Bristol Rovers Football Club and it seems bloody ridiculous that every thread ends up about KS and to say he did nothing is ridiculous as even he knows he did something. This thread is about Investors and going into administration. That's a little unfair, Steve. Kevin's not that old. |
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dagnogo
Joined: June 2014
Posts: 872
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Investors
Sept 9, 2014 14:23:40 GMT
via mobile
Post by dagnogo on Sept 9, 2014 14:23:40 GMT
I heard something about a Tommy Agombar, ex Hereford chairman? Not sure its true, anyone else heard that?
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rovers2
Bruce Bannister
Joined: May 2014
Posts: 326
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Post by rovers2 on Sept 9, 2014 14:24:56 GMT
OK, lets have some pretend good news. I have a group of investors, all committed to the future of the football club and investing in Rovers.
How much do you think that they should pay for the football club and ground? Lets assume loans on the Mem are about £6m and they want their money back, and also assume the FC is losing £1.5m a year. We can talk about investors all we like but it comes to the crunch, what do you want to pay?
I heard the other day that Wrexham FC is up for sale at 3.5 million . No idea of any debts they have or stadium owning rights etc. I'd guess we'd be worth a smidge more ... £4 million ? You may not be a long way off. My mythical investment team might give you £7m for the Stadium and then I would take the FC off your hands if you give me a £1m a year for three years (after all that saves you £500K each year). That would make £4m. |
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rovers2
Bruce Bannister
Joined: May 2014
Posts: 326
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Post by rovers2 on Sept 9, 2014 14:27:11 GMT
I heard something about a Tommy Agombar, ex Hereford chairman? Not sure its true, anyone else heard that? Yes I have heard that as well. I could not believe it, although it came from a good source. Going by the Hereford "experience" everyone got their road maps out for the trips to Hungerford, Chippenham and Frome? |
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Post by Northville Blue on Sept 9, 2014 14:43:14 GMT
BG How on earth did this thread get to the old chestnut that is Kevin Spencer? The most important thing is Bristol Rovers Football Club and it seems bloody ridiculous that every thread ends up about KS and to say he did nothing is ridiculous as even he knows he did something. This thread is about Investors and going into administration. Yeh, leave me out of this. Old chestnut? Try saying that to my shell....... I told them that they were useless at running a football club. Sorry to say that they have proved me right. |
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Investors
Sept 9, 2014 14:51:32 GMT
via mobile
Post by CountyGroundHotel on Sept 9, 2014 14:51:32 GMT
So administration is the best course? The administrator will have to reach an agreement with creditors, the vast majority of which are the ex-board. The creditors tell the administrator that the business has assets that outstrip the value of the creditors, and oh yes we do know this because we've had the ground valued, so sell those assets (ok the asset) and pay off the creditors.
A lot of deep thinking has gone into this plan hasn't it? God (of any faith I'm not picky) help us.
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jozer
Joined: May 2014
Posts: 365
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Post by jozer on Sept 9, 2014 15:02:00 GMT
Putting legalities on one side, the stadium belongs to the club, the club is a community asset. What right do Higgs, Jelf, Ware, Bradshaw, King have to squander the equity in that asset, and then sell it to get their money back? Legally, they have every right to. That's the sorry thing about it all. The club is only a 'community asset' when they're rattling the collection tin or the sympathy bucket. |
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intheknow
Archie Stephens
Joined: May 2014
Posts: 232
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Investors
Sept 9, 2014 15:07:53 GMT
via mobile
Post by intheknow on Sept 9, 2014 15:07:53 GMT
I heard the other day that Wrexham FC is up for sale at 3.5 million . No idea of any debts they have or stadium owning rights etc. I'd guess we'd be worth a smidge more ... £4 million ? You may not be a long way off. My mythical investment team might give you £7m for the Stadium and then I would take the FC off your hands if you give me a £1m a year for three years (after all that saves you £500K each year). That would make £4m. You've got yourself a deal , my Nigerian advisors will be in touch shortly to let you know where to deposit the money |
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Post by fanatical on Sept 9, 2014 15:35:31 GMT
BG How on earth did this thread get to the old chestnut that is Kevin Spencer? The most important thing is Bristol Rovers Football Club and it seems bloody ridiculous that every thread ends up about KS and to say he did nothing is ridiculous as even he knows he did something. This thread is about Investors and going into administration. Yeh, leave me out of this. Old chestnut? Try saying that to my shell....... I told them that they were useless at running a football club. Sorry to say that they have proved me right. Old - yes Chest - ? Nuts - yes Right - very often |
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rovers2
Bruce Bannister
Joined: May 2014
Posts: 326
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Post by rovers2 on Sept 9, 2014 16:12:17 GMT
You may not be a long way off. My mythical investment team might give you £7m for the Stadium and then I would take the FC off your hands if you give me a £1m a year for three years (after all that saves you £500K each year). That would make £4m. You've got yourself a deal , my Nigerian advisors will be in touch shortly to let you know where to deposit the money No problem, I have the money in Zimbabwean dollars. |
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Post by Eclectic Blue on Sept 9, 2014 16:24:24 GMT
I heard something about a Tommy Agombar, ex Hereford chairman? Not sure its true, anyone else heard that? Yes I have heard that as well. I could not believe it, although it came from a good source. Going by the Hereford "experience" everyone got their road maps out for the trips to Hungerford, Chippenham and Frome? I'm wondering if there might be something in this and rather hope there isn't. If anyone sees one of the directors tonight - doubtless Mr Masters will be out and about and Mr Seymour Smith will glad-handing in the bars - maybe the question could be popped? |
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Lazza
Rod Hull
Joined: May 2014
Posts: 264
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Post by Lazza on Sept 9, 2014 16:46:48 GMT
Putting legalities on one side, the stadium belongs to the club, the club is a community asset. What right do Higgs, Jelf, Ware, Bradshaw, King have to squander the equity in that asset, and then sell it to get their money back? Legally, they have every right to. That's the sorry thing about it all. The club is only a 'community asset' when they're rattling the collection tin or the sympathy bucket. Which frankly should make us as supporters feel sick considering how many things at the Mem we have paid for over the years out of our own pockets through donations & fund raising. Covering the family stand, Mini bus, share scheme, paying money to the BoD for 2 representatives of the SC to sit in the boardroom etc, etc, etc. When are WE going to see our value for money and a return on OUR investments? |
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Sept 9, 2014 17:25:05 GMT
Tommy Agombar -
You really have to watch this (7 mins) as he talks about his plans. Not a fit and proper person, so there's no chance of him buying us.
He makes Nick Higgs seem like a consummate media professional. Sorry Nick for doubting you.
I prefer an investor who uses investment from fans (equity) to LEGALLY safeguard via Articles of Association the future of the ground - I thought that was one of the main aims of the Share Scheme. Next timearound people won't be so gullible.
Selling the ground is my biggest fear (legal entitlement) and this fear is justified given our history.
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Post by Eclectic Blue on Sept 9, 2014 17:40:40 GMT
Agombar sounds like it ought to be another ale from Sharps.
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