Cheshiregas
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Post by Cheshiregas on Dec 17, 2014 19:49:07 GMT
MSP CAPITAL LTD of Poole Dorset according to companies house and GoD has also been repaid as well as Barclays. holmes appears to be correct. Companies House says it's MSP Capital Ltd (Co No 01543169) of Poole that have been given belts and braces security of the Mem and land around. Looks like the bank and Deltavon (GoD's Co) have been repaid. The Directors of MSP are John Drinkwater, Martin Higgins, David Capra, Paul Miracca. JD is ex-Goldman Sachs. It does development, business and bridging finance. Hope its not the latter as that can be expensive and costly.... These type of people are far less sympathetic and patient than banks when getting their money back. You don't miss deadlines or payments or else you get penalised. They are also more likely to call in the receiver if the club don't pay up. If it is bridging finance it could be that we are near the end and the Sainsbury deal could be concluded or compensation paid soon. However if it is a gamble that things will be resolved soon, it could be a costly gamble if the Sainsbury issue drags on. Let's hope it is the former....
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Post by fatherjackhackett on Dec 17, 2014 19:54:41 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. Yeah, players are like robots, you just buy them and off they go. The running of the club definitely doesn't impact on how much money there is for new players, how they are found, how the recruitment is handled, how they are attracted to the club, that just happens. Who the hell cares about a youth system as well? Yeah buying players might cost more, and the players will have no link to the club or the fans, but who cares about that? Also all that rubbish about the system of play they go into, the facilities and personnel used to coach them, how they are managed and motivated, how their transition to the club is handled, how their contracts are handled, all of that mumbo jumbo won't affect their performance one bit... 90% of fans want exactly the same as stevek. And therein lies the crux of the matter.
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Cheshiregas
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Post by Cheshiregas on Dec 17, 2014 19:56:50 GMT
Indeed Father but that can only happen if we still have a viable club to support that is still in existence....
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Post by gasbound on Dec 17, 2014 19:57:30 GMT
That wasn't the story at the time No it wasn't a story it was and is a fact. I think Im going nuts. Barclays sign the S106 agreement on the 4th December (S106 on Council planing website) and 3 days later there loan is settled and Rovers take on 5 MSP loans instead. what happened over 3 days to change the finances at the club. I agree with holmes money to buy the Memorial stadium came from barclays and a certain ex-directors company. is it possible time was up to pay back the loan to a certaIN ex-director and Barclays refused to increase their loan so the club re-financed elsewhere. my hopes of siting in a new stadium are fading!
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dagnogo
Joined: June 2014
Posts: 872
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Post by dagnogo on Dec 17, 2014 20:20:19 GMT
So these folks are the business equivalent of Wonga.com.
Once the banks have washed their hands of you, and people who care can't help (or in Rovers' case, people who care haven't even been given the courtesy of a call back), you run to someone who will shout you a few quid, in their own words, "short-term".
I won't quote Denis Dunford as you all know what he said.
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Post by lulworthgas on Dec 17, 2014 21:12:29 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying!
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dagnogo
Joined: June 2014
Posts: 872
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Post by dagnogo on Dec 17, 2014 21:24:25 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Difference is you can probably run your household finances without plunging yourself further into debt every year!
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Post by gasheadnaboo on Dec 17, 2014 21:36:48 GMT
Hey, as long as we get to watch Rovers line up against the likes of Gateshead and Welling United every week who cares? Solvency is overrated anyway, just look at Bournemouth!
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Dec 17, 2014 22:10:41 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Forgetting the football, all what you're doing personally is a great idea provided you get similar terms/term and lower interest rate, but don't do it just because of "the inevitable interest rate rise after Christmas", basically because although rates will one day rise the issue is after which Christmas and not necessarily this next Christmas. All the fundamentals which could lead to a rise are against it and that's before the latest frankly hideous crisis with the rouble... inflation is so low we're almost looking at deflation, money supply similar, so poor the government would like more rather than less borrowing, we need concerted and consistent wage rise inflation above the RPI, house prices really aren't as bad as they have been(when I bought my first house my rate was 13.25%) except in the South East which is rather good for those of us who live here but aren't looking to buy something bigger, price rises into our largest market, the EU, are completely unacceptable and because of the relatively strong growth and stability in the UK economy we really need to do very little to stimulate overseas investment. AIMHO of course.
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Cheshiregas
Global Moderator
Joined: May 2014
Posts: 2,789
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Post by Cheshiregas on Dec 17, 2014 22:22:59 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Are you going to a regulated lender, specialised financier or bridging company? You do not appear to be building a new house whilst keeping the existing one hoping someone will buy it, saddled with debts whose repayment would exceed your annual income, spending more than you earn or looking to bridge a gap. You appear to be someone who understands their sound financial position and is taking advantage of timing to save money by getting a lower rate through a standard lender. Football clubs do not have good ratings, most are financially illiquid supported only by their directors/fans and need finance to keep going. If BRFC were that good their bank would not seek refinancing or ex-directors seek repayment.....
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Post by droitwichgas on Dec 17, 2014 22:25:55 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Since when was Rovers run like another company? I bet you are not thinking of transfering your mortgage from a bank/building soc to a Wonga type loan company. What seems odd is why Barclays would sign the S106 just days before having their loan paid off, why didn't they just leave it for MCP Cap to deal with, as why sign something they seemingly will have no further involvement with, unless they are the lead bankers for the UWE?
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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 23:20:52 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Don't be too hasty rates won't rise for a long time yet!
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Post by bluebeard on Dec 18, 2014 9:03:58 GMT
MSP CAPITAL LTD of Poole Dorset according to companies house and GoD has also been repaid as well as Barclays. holmes appears to be correct. Companies House says it's MSP Capital Ltd (Co No 01543169) of Poole that have been given belts and braces security of the Mem and land around. Looks like the bank and Deltavon (GoD's Co) have been repaid. The Directors of MSP are John Drinkwater, Martin Higgins, David Capra, Paul Miracca. JD is ex-Goldman Sachs. It does development, business and bridging finance. Hope its not the latter as that can be expensive and costly.... These type of people are far less sympathetic and patient than banks when getting their money back. You don't miss deadlines or payments or else you get penalised. They are also more likely to call in the receiver if the club don't pay up. If it is bridging finance it could be that we are near the end and the Sainsbury deal could be concluded or compensation paid soon. However if it is a gamble that things will be resolved soon, it could be a costly gamble if the Sainsbury issue drags on. Let's hope it is the former.... This is the great thing about internet forums, 2 days of speculation over the role of MCP Capital when we have actually refinanced via MSP! MCP are venture capitalists MSP are property lenders so I think your assessment is spot on CG.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Dec 18, 2014 9:14:57 GMT
I'm meeting someone tomorrow to swap financial institutions on the mortgage of my home. Shaving approx 3% off my current deal and getting fixed before the inevitable interest rate rise after Christmas. IThis is the time to square finances and can't see it being any different for any company. I hope my wife doesn't think I'm going bankrupt. Best keep her off this thread or she might start worrying! Don't be too hasty rates won't rise for a long time yet! Indeed, with inflation at 1% and personal debt still massive, I think the markets are pricing in for much later in 2015. That said, they ain't going down much, so nothing wrong with getting a fix in (I just got a 5 year one), no need to rush though
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Dec 18, 2014 10:33:51 GMT
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Post by shineongas on Dec 18, 2014 10:58:30 GMT
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eppinggas
Administrator
Ian Alexander
Don't care
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Post by eppinggas on Dec 18, 2014 12:53:54 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. Steve - you write some excellent match reports. Best you stick to that. A Club that was comfortably solvent 10 years ago is now (estimated) £8mil in debt, despite owning our own ground / despite relatively high attendances / despite additional revenue from the rugby club etc etc. We are now playing non-league football. We won't get promoted back to the league whilst the club is run by the current bunch of idiots. Idiots that do not communicate with the fan-base that is the club's life-blood. When Higgs said they were taking on a full review - I thought - excellent - they get it. They acknowledge that mistakes have been made in the past and a review would help identify those mistakes AND MAKE SURE WE DO NOT REPEAT THEM. Yeah - great review - "it was all that John Wards fault and we're actually really well run". Will the Club rise again given it's current management / structure? Yeah - pigs & Higgs might fly.
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topman
Joined: June 2014
Posts: 187
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Post by topman on Dec 18, 2014 13:07:34 GMT
If you asked a random 100 or 1000 Rovers fans the same questions about what is wrong with the club I think you would find almost complete agreement how they see matters both off and on the field over the past few years
For those of us who have tried to suggest even the most nominal / minimal capital outlay to improve matters for the club both financial and marketing wise nothing seems to be taken on board meaning that ultimately the club loses valuable income and PR etc
IF and it is a VERY BIG IF UWE was to happen I am convinced that in the absence of change of structure and staff the whole project would be probably 'fail' to progress as other clubs have done
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Post by fanatical on Dec 18, 2014 13:38:37 GMT
MSP CAPITAL LTD of Poole Dorset according to companies house and GoD has also been repaid as well as Barclays. holmes appears to be correct. Companies House says it's MSP Capital Ltd (Co No 01543169) of Poole that have been given belts and braces security of the Mem and land around. Looks like the bank and Deltavon (GoD's Co) have been repaid. The Directors of MSP are John Drinkwater, Martin Higgins, David Capra, Paul Miracca. JD is ex-Goldman Sachs. It does development, business and bridging finance. Hope its not the latter as that can be expensive and costly.... These type of people are far less sympathetic and patient than banks when getting their money back. You don't miss deadlines or payments or else you get penalised. They are also more likely to call in the receiver if the club don't pay up. If it is bridging finance it could be that we are near the end and the Sainsbury deal could be concluded or compensation paid soon. However if it is a gamble that things will be resolved soon, it could be a costly gamble if the Sainsbury issue drags on. Let's hope it is the former.... John Drinkwater and David Capra are well respected in the City. They are financial experts (Commercial accountants). If MSP have been brought in to help the club over a period when finances will need to be flexible - from now to UWE - then it could be a good move because High Street Banks like Barclays are not at all flexible. However, secondary lenders like MSP who are usually more expensive do not have high street branches dealing with the general public (supporters of football clubs) so if problems arise they can be a lot more inflexible when calling in debts because they do not have to worry about customer flack. Hopefully, the re-financing will give the BOD access to finance to overcome Sainsburys hiccups and removal costs so that we can soon be travelling to South Glos instead of Horfield to watch football.
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Post by daniel300380 on Dec 18, 2014 13:43:31 GMT
holmes appears to be correct. Companies House says it's MSP Capital Ltd (Co No 01543169) of Poole that have been given belts and braces security of the Mem and land around. Looks like the bank and Deltavon (GoD's Co) have been repaid. The Directors of MSP are John Drinkwater, Martin Higgins, David Capra, Paul Miracca. JD is ex-Goldman Sachs. It does development, business and bridging finance. Hope its not the latter as that can be expensive and costly.... These type of people are far less sympathetic and patient than banks when getting their money back. You don't miss deadlines or payments or else you get penalised. They are also more likely to call in the receiver if the club don't pay up. If it is bridging finance it could be that we are near the end and the Sainsbury deal could be concluded or compensation paid soon. However if it is a gamble that things will be resolved soon, it could be a costly gamble if the Sainsbury issue drags on. Let's hope it is the former.... John Drinkwater and David Capra are well respected in the City. They are financial experts (Commercial accountants). If MSP have been brought in to help the club over a period when finances will need to be flexible - from now to UWE - then it could be a good move because High Street Banks like Barclays are not at all flexible. However, secondary lenders like MSP who are usually more expensive do not have high street branches dealing with the general public (supporters of football clubs) so if problems arise they can be a lot more inflexible when calling in debts because they do not have to worry about customer flack. Hopefully, the re-financing will give the BOD access to finance to overcome Sainsburys hiccups and removal costs so that we can soon be travelling to South Glos instead of Horfield to watch football. According to there website they only give out loans from 1 to 12 months. Don't think the club would risk losing the mem for a short term deal, so hopefully this is a good sign that the Uwe has progressed. If it was a general loan, we would have took a longer loan with smaller payments. I'm no expect but this has to be a good sign??
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