Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920
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Post by Peter Parker on Dec 17, 2014 12:51:11 GMT
Don't forget the I.T specialist has been identified and has been for some time
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 17, 2014 12:52:07 GMT
That's right, over a decade of underperformance on and off the pitch, almost constant knocking on the door of relegation out of the league, was down to not signing a striker in January. and a new director looking after "Squad development" who has not been seen often near the place for many weeks... How are you Mr Jeff these days... Indeed. Well at least the directors at Jelf are looking for an exit, so hopefully some day...
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Dec 17, 2014 12:52:23 GMT
We are facing the end-game when MCP control the destiny of the asset, if UWE / Sainsburys full compensation does not materialise (highly unlikely).
Idle gossip or fact. Neither, just a reasonable interpretation if your previous major creditor (Barclays) steps away and a new company steps in with a track-record of "distressed credit" and the only asset you have is the ground.
DYOR - means do your own research. I have!!
This club is doomed, but let's look forward to 21st Century rags-to-riches existence at Twerton all over again. Geoff can come back again (older and wiser).
Higgs thinks that we are a bunch of muppets and he has a case. This was the man who led the celebrations (March 2014) in the overthrow of the judicial review probably knowing that Sainsbury's did not want to proceed. Our muppetry as Rovers fans allowed us to cling onto the delusion that we had a future (before Mansfield). We have, but only on the slimmer of hope that a water-tight (don't make me laugh) contract exists.
Smell the coffee.
Fraser.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 12:57:11 GMT
We are facing the end-game when MCP control the destiny of the asset, if UWE / Sainsburys full compensation does not materialise (highly unlikely). Idle gossip or fact. Neither, just a reasonable interpretation if your previous major creditor (Barclays) steps away and a new company steps in with a track-record of "distressed credit" and the only asset you have is the ground. DYOR - means do your own research. I have!! This club is doomed, but let's look forward to 21st Century rags-to-riches existence at Twerton all over again. Geoff can come back again (older and wiser). Higgs thinks that we are a bunch of muppets and he has a case. This was the man who led the celebrations (March 2014) in the overthrow of the judicial review probably knowing that Sainsbury's did not want to proceed. Our muppetry as Rovers fans allowed us to cling onto the delusion that we had a future (before Mansfield). We have, but only on the slimmer of hope that a water-tight (don't make me laugh) contract exists. Smell the coffee. Fraser. Nice to see a positive post from you again !
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 17, 2014 13:11:42 GMT
We are facing the end-game when MCP control the destiny of the asset, if UWE / Sainsburys full compensation does not materialise (highly unlikely). Idle gossip or fact. Neither, just a reasonable interpretation if your previous major creditor (Barclays) steps away and a new company steps in with a track-record of "distressed credit" and the only asset you have is the ground. DYOR - means do your own research. I have!! This club is doomed, but let's look forward to 21st Century rags-to-riches existence at Twerton all over again. Geoff can come back again (older and wiser). Higgs thinks that we are a bunch of muppets and he has a case. This was the man who led the celebrations (March 2014) in the overthrow of the judicial review probably knowing that Sainsbury's did not want to proceed. Our muppetry as Rovers fans allowed us to cling onto the delusion that we had a future (before Mansfield). We have, but only on the slimmer of hope that a water-tight (don't make me laugh) contract exists. Smell the coffee. Fraser. Nice to see a positive post from you again ! Trying to be balanced, he might be right - plenty of clubs, and other businesses, have gone down the venture capital route and been stung. But equally he might not be - plenty of businesses have gone down that route and come out well. We have no way of knowing, so far as I can see.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 13:27:26 GMT
If there was any 'good news' - then I am sure we would have heard it loud and clear and shouted from the roof-tops. Confidentiality my arse. Even if there was a confidentiality clause, there is a hundred ways to leak good news. The lack of communication regarding the Sainsbury's purchase of the Mem and the UWE stadium fiasco is beyond a joke. I can't believe other fans would put up with this. The Board treat the fans with utter contempt. Nick Higgs promised a "top to bottom review of the club" which fails to materialise. That makes him a liar doesn't it? All this crap with Sainsbury's should have been sorted out months ago. They don't want to proceed with the Mem purchase. Fine. Compensation is agreed. Well I guess that is what a professional organisation would have done. Why does this have to drag on interminably? We aren't going to win a long legal battle. Anyone would think we are a shambles of a non-league football club run by a bunch of totally incompetent idiots. Oh hang on... Happy Christmas. UTG. Keep taking the pills my friend things will get better and we did have a top down review you must have missed it Happy Xmas And the end result? Barry is arguing with a group of supporters about whether scarves sould be solid blue or have stripes. Brilliant, that'll sort our problems out then.... What else has changed? Sadly, I think that Vaughan's summary has a feel of reality about it.
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Post by stevek192 on Dec 17, 2014 13:36:24 GMT
Who really cares about a bloody "Top down review"? All I want is a return to our League status and this season. Get the right signings in January and we will get that. It will be the best review possible..sideways,backwards,top to bottom ..who bloody cares. Its the Football that we watch week in week out that I care about.
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Post by Antonio Fargas on Dec 17, 2014 13:46:16 GMT
Who really cares about a bloody "Top down review"? All I want is a return to our League status and this season. Get the right signings in January and we will get that. It will be the best review possible..sideways,backwards,top to bottom ..who bloody cares. Its the Football that we watch week in week out that I care about. The football is influenced by how the club is run. And how the club is run was supposed to be influenced by the review. Obviously you don't have to care about it, though.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 13:47:51 GMT
Keep taking the pills my friend things will get better and we did have a top down review you must have missed it Happy Xmas And the end result? Barry is arguing with a group of supporters about whether scarves sould be solid blue or have stripes. Brilliant, that'll sort our problems out then.... What else has changed?Sadly, I think that Vaughan's summary has a feel of reality about it. We sacked a few people....
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Alveston Gas
Brucie Bannister
Once a Gashead always a Gashead
Joined: June 2014
Posts: 746
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Post by Alveston Gas on Dec 17, 2014 14:07:38 GMT
I don't necessarily agree that because Barclays don't want to continue with the loan, we must be stuffed. Banks everywhere are looking to de-risk, with private money stepping in and picking up that risk. Doesn't necessarily mean that the risk has increased. It could be that Barclays just don't want that risk on their books anymore, but MCP are happy to have it, with a similar yield, because their attitude to risk can be different. MCP aren't a bank, so have different capital requirements to a bank - they are private equity firm effectively acting as a shadow bank. They will have different attitudes to risk, can be more flexible and long term, and more involved in the company. Alternatively they could be asset strippers. Hard to tell without look at some of their past transactions. De-risk yes
However I thought the point/assumption was if Barclays were aware UWE and all it's bells and whistles were forthcoming they wouldn't have called in the loan
Not saying that is right, but you can see the logic
Who says they have called in the loan? Finance has been been in place for donkeys years with Barclays. A long term facility that unless you break the covenants is a continuing facility. The more likely answer is that a rate review was on the cards, Barclays wanted to hike it up - we found someone who would provide the facility cheaper than what Barclays wanted to increase the rate to!
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Post by daniel300380 on Dec 17, 2014 14:11:10 GMT
And the end result? Barry is arguing with a group of supporters about whether scarves sould be solid blue or have stripes. Brilliant, that'll sort our problems out then.... What else has changed?Sadly, I think that Vaughan's summary has a feel of reality about it. We sacked a few people.... No long term deals being given out for one. Taking a chance on more younger players. Backing the manager and letting him bring in 3 strikers in a week to try and solve our scoring problem. Plus backing him to bring in ldv on loan. You can see changes in the way we recruit players, not sure what is happening behind the scenes. I think they are finally learning lol
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Post by Topper Gas on Dec 17, 2014 14:15:00 GMT
Who really cares about a bloody "Top down review"? All I want is a return to our League status and this season. Get the right signings in January and we will get that. It will be the best review possible..sideways,backwards,top to bottom ..who bloody cares. Its the Football that we watch week in week out that I care about. I think we'll all care if we go bust between now and next summer, I bet fans on the Hereford Utd forum have said similar things in the past but they now stand 24 hrs away from extinction if their new owner doesn't stump up a £1m within the next 48 hrs. it is a major worry ownership of the Mem has paased from a (fairly) reliable bank to a venture capilist company. Pehaps the B Post can run this storey as it seems far more interesting to fans than the DC to Hartlepool storey lifted from the forums?
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Post by gasbound on Dec 17, 2014 14:29:24 GMT
i hate to say this but i thnik Vaughan's summary could be right as well. whilst i try to remain positive about the UWE stadium a bristol city suporter i chated to today (ok, i know, don't listen to him i hear you say) said look at the companies house web site at Bristol Rovers football club. I did and my hart sank. There is yet another charge, or bl***y morgage listed. does this mean the football team itself is mortgaged to MSP?
Give me strength...
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 14:30:53 GMT
We sacked a few people.... No long term deals being given out for one. Taking a chance on more younger players. Backing the manager and letting him bring in 3 strikers in a week to try and solve our scoring problem. Plus backing him to bring in ldv on loan. You can see changes in the way we recruit players, not sure what is happening behind the scenes. I think they are finally learning lol The recruitment is more likely driven by which players are willing to turn out in this pub division. EP ran a story saying that Ward was backed to bring strikers in and that when he reported back at the end of transfer deadline day that he hadn't signed anyone, he was then 'moved upstairs' (whatever that means) Clarke was put in sold charge and our fate was sealed. Not sure LDV is much of an indicator of things changing, we had Will Packwood, different position but equally as good. From here it looks to me as if the club is still run on a reactionary basis. How many managers has Higgs employed? It looks like this one may, with some luck, be able to get Rovers promotted back into a division containing Accrington Stanley and Morcambe. Whoopeee!
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 14:43:23 GMT
No long term deals being given out for one. Taking a chance on more younger players. Backing the manager and letting him bring in 3 strikers in a week to try and solve our scoring problem. Plus backing him to bring in ldv on loan. You can see changes in the way we recruit players, not sure what is happening behind the scenes. I think they are finally learning lol The recruitment is more likely driven by which players are willing to turn out in this pub division. EP ran a story saying that Ward was backed to bring strikers in and that when he reported back at the end of transfer deadline day that he hadn't signed anyone, he was then 'moved upstairs' (whatever that means) Clarke was put in sold charge and our fate was sealed. Not sure LDV is much of an indicator of things changing, we had Will Packwood, different position but equally as good. From here it looks to me as if the club is still run on a reactionary basis. How many managers has Higgs employed? It looks like this one may, with some luck, be able to get Rovers promotted back into a division containing Accrington Stanley and Morcambe. Whoopeee!small steps first... the premier will take a few more seasons What if MCP are funding the new stadium and we have it on a 100 year lease...
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Dec 17, 2014 15:00:48 GMT
Why wouldn't BRFC announce this great new strategic partnership with MCP?
The reality is that BOD knows that we are sadly a collective bunch of muppets who are either too short-sighted (beware bespectacled cats) to notice or too apathetic to switch on the risk radar when evaluating this fundamental change related to the financial structures of the Club.
Of course, we should trust Transparency Higgs, as we know from experience that he would tell us everything. See last year. Everyone knows where the club is going - that's why there are 10 pages dedicated to this thread alone.
Nick - if one of your spies e-mails this to you - do tell all (at least a paragraph) in the Chairman's report.
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intheknow
Archie Stephens
Joined: May 2014
Posts: 232
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Post by intheknow on Dec 17, 2014 15:19:16 GMT
Why wouldn't BRFC announce this great new strategic partnership with MCP? The reality is that BOD knows that we are sadly a collective bunch of muppets who are either too short-sighted (beware bespectacled cats) to notice or too apathetic to switch on the risk radar when evaluating this fundamental change related to the financial structures of the Club. Of course, we should trust Transparency Higgs, as we know from experience that he would tell us everything. See last year. Everyone knows where the club is going - that's why there are 10 pages dedicated to this thread alone. Nick - if one of your spies e-mails this to you - do tell all (at least a paragraph) in the Chairman's report. Yes we're going bust so thought we'd spunk 50k last month on Blissett.
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lockleazer
Tarki Micalleff
Joined: May 2014
Posts: 411
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Post by lockleazer on Dec 17, 2014 15:29:31 GMT
Why wouldn't BRFC announce this great new strategic partnership with MCP? The reality is that BOD knows that we are sadly a collective bunch of muppets who are either too short-sighted (beware bespectacled cats) to notice or too apathetic to switch on the risk radar when evaluating this fundamental change related to the financial structures of the Club. Of course, we should trust Transparency Higgs, as we know from experience that he would tell us everything. See last year. Everyone knows where the club is going - that's why there are 10 pages dedicated to this thread alone. Nick - if one of your spies e-mails this to you - do tell all (at least a paragraph) in the Chairman's report. Yes we're going bust so thought we'd spunk 50k last month on Blissett. last throw of the dice.... I heard that the club used all the ST money before August and were very skint.... Colin Williams offered assistance and had a very very good plan to keep the club going... it was turned down .. the club had enough money to just about get through till xmas ... well xmas is fast approaching and we have effectively re mortgaged... i though at the Q&A forum Nick and Toni said the aim was to remove loans/debt like this (secured) and they had worked hard to do so and issued loans/shares themselves to cover losses why this sudden change of plan? worrying times indeed
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 15:30:12 GMT
The recruitment is more likely driven by which players are willing to turn out in this pub division. EP ran a story saying that Ward was backed to bring strikers in and that when he reported back at the end of transfer deadline day that he hadn't signed anyone, he was then 'moved upstairs' (whatever that means) Clarke was put in sold charge and our fate was sealed. Not sure LDV is much of an indicator of things changing, we had Will Packwood, different position but equally as good. From here it looks to me as if the club is still run on a reactionary basis. How many managers has Higgs employed? It looks like this one may, with some luck, be able to get Rovers promotted back into a division containing Accrington Stanley and Morcambe. Whoopeee!small steps first... the premier will take a few more seasons What if MCP are funding the new stadium and we have it on a 100 year lease... Then Higgs would have already have called a press conference, he would have broken open another new white shirt and would be barging to the front, grinning, announcing to the world how those rotters Sainsbury's tried to pull the carpet out from under his feet, but he was too smart for them. Of course, he would have to explain how we have got from a fully funded, wholly owned and debt free stadium to being, in effect, tennants, but I'm sure little details like that wouldn't worry anyone
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 15:37:59 GMT
small steps first... the premier will take a few more seasons What if MCP are funding the new stadium and we have it on a 100 year lease... Then Higgs would have already have called a press conference, he would have broken open another new white shirt and would be barging to the front, grinning, announcing to the world how those rotters Sainsbury's tried to pull the carpet out from under his feet, but he was too smart for them. Of course, he would have to explain how we have got from a fully funded, wholly owned and debt free stadium to being, in effect, tennants, but I'm sure little details like that wouldn't worry anyone how about MCP having a clause in the contract stopping Nick from doing that until the Stadium is built ?? How about a Private investor putting £40m into the club.... How about we have sold the club to Pantsdown just to piss you off We DON'T KNOW WHAT IS GOING ON AND WE WILL NEVER KNOW UNTIL ITS A DONE DEAL
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