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Post by badbloodash on Jan 17, 2015 19:43:42 GMT
i've been told by someone in the construction business that due to brick works closing down during the recession British made bricks are in short supply and expensive at the moment, and this country is currently importing heavily from Belgium. given the latest construction sector inflation figures this is possibly true. if you pop over the channel consider buying and bringing back a few bricks to donate or sell to NH, though i don't know what the import duty will be and we still don't know if the building of the UWE stadium is to start any time soon! I take your comments are tongue in cheek football stadiums are constructed from concrete and steel for speed and cost and with fuel cost dropping possible that these will drop in price too we have enough hurdles in our way without material shortages image we had the go ahead and then couldn't build because of a cement shortage
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womble
Arthur Cartlidge
Joined: May 2014
Posts: 300
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Post by womble on Jan 17, 2015 20:39:31 GMT
The UK Government (BIS) publish quarterly price and cost index data for the construction sector. www.gov.uk/government/statistics/bis-quarterly-construction-price-and-cost-indices-january-to-march-2014For the year to Sept 2014 the general price increase across the sector was 6.0%, but some sectors (Private Commercial) rose by up to 9.0%, i.e. building prices are rising far in excess of inflation. The current trend in lowering oil prices may have a knock on effect (price reduction) in the next year. If we say 6% p.a. in the 2 years since the planning permission was granted, the building cost of the UWE would have therefore gone up by £4.9m from the original £40m build price. £40m build? If we had got/get the £30m from Sainsbury's then we'd still be £10m short, even ignoring the debts/loans owed to the Directors of circa £10m? Pay them off and we're suddenly £20m short. I still can't understand why a £15m/£20m stadium, with room to expend, wasn't planned from day one, as it seems the UWE was never viable from day one w/o massive external investment. £40m is the project cost. The land lease value is £8m, paid for by the naming rights for UWE. That leaves £32m, some of which will already paid for in architects, engineers, assorted consultants fees etc. The construction cost (originally at least) is probably below £30m.
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intheknow
Archie Stephens
Joined: May 2014
Posts: 232
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Post by intheknow on Jan 17, 2015 20:46:47 GMT
i've been told by someone in the construction business that due to brick works closing down during the recession British made bricks are in short supply and expensive at the moment, and this country is currently importing heavily from Belgium. given the latest construction sector inflation figures this is possibly true. if you pop over the channel consider buying and bringing back a few bricks to donate or sell to NH, though i don't know what the import duty will be and we still don't know if the building of the UWE stadium is to start any time soon! I take your comments are tongue in cheek football stadiums are constructed from concrete and steel for speed and cost and with fuel cost dropping possible that these will drop in price too we have enough hurdles in our way without material shortages image we had the go ahead and then couldn't build because of a cement shortage Id guess most of the increase is a rise in wages
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Post by gasbound on Jan 18, 2015 12:15:13 GMT
I take your comments are tongue in cheek football stadiums are constructed from concrete and steel for speed and cost and with fuel cost dropping possible that these will drop in price too we have enough hurdles in our way without material shortages image we had the go ahead and then couldn't build because of a cement shortage Id guess most of the increase is a rise in wages Yes, tongue in cheek but i believe most construction projects are quoted with some form of inflation index reference (it could be the Government produced figures) included on the pricing due to the construction period being over many months if not years. presumably there is a tender or quotation from a construction company (wasn't the Buckingham Group mentioned?) received by the club and possibly formally accepted? i know guess work and rumour. too many outstanding questions...
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Post by onedaytheuwe on Jan 18, 2015 13:19:33 GMT
BSS
Dear Brian
Please can you confirm that the legal challenge have now ended on ' extended hours' and get the club to make a statement .. We want to get behind the club using our own various links but can only do this in harmony..
Thank you
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mjhgas
Joined: May 2014
Posts: 277
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Post by mjhgas on Jan 20, 2015 7:40:53 GMT
Front page of Post on Twitter suggesting "Last ditch bid to save stadium"!!! Rovers take Sainsburys to court.
How predictable!!!
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Post by giddygogo on Jan 20, 2015 7:49:09 GMT
My understanding was the deadline expired and no legal challenge was submitted.. Fingers crossed
Here we go again.! See the front page of todays Bristol Post (20 Jan) I fear that this plan is now dead in the water and our much needed stadium will never be built
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Post by onedaytheuwe on Jan 20, 2015 8:54:35 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp...
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Post by PessimistGas on Jan 20, 2015 9:09:46 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp... Toni has confirmed that the contract is watertight and that the compensation amount has been set at 100% of the purchase price. Happy days.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jan 20, 2015 9:12:20 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp... I don't understand why the club haven't accepted the compensation already offered by Sainsburys unless it wasn't enough to allow Higgs and Co to walk away without leaving some personal guarantees in play. Ending up in court is a much bigger risk for us than Sainsburys who've already made provision for the Rovers compensation payment, whilst we've had to borrow to bridge a shortfall.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jan 20, 2015 9:37:03 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp... I don't understand why the club haven't accepted the compensation already offered by Sainsburys unless it wasn't enough to allow Higgs and Co to walk away without leaving some personal guarantees in play. Ending up in court is a much bigger risk for us than Sainsburys who've already made provision for the Rovers compensation payment, whilst we've had to borrow to bridge a shortfall. The Bridging loan was to enable work to start on the UWE It was wasn't it
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crater
Joined: June 2014
Posts: 1,444
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Post by crater on Jan 20, 2015 18:02:11 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp... I don't understand why the club haven't accepted the compensation already offered by Sainsburys unless it wasn't enough to allow Higgs and Co to walk away without leaving some personal guarantees in play. Ending up in court is a much bigger risk for us than Sainsburys who've already made provision for the Rovers compensation payment, whilst we've had to borrow to bridge a shortfall. How much compensation did Sainsbury's offer us?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jan 20, 2015 18:51:06 GMT
I don't understand why the club haven't accepted the compensation already offered by Sainsburys unless it wasn't enough to allow Higgs and Co to walk away without leaving some personal guarantees in play. Ending up in court is a much bigger risk for us than Sainsburys who've already made provision for the Rovers compensation payment, whilst we've had to borrow to bridge a shortfall. How much compensation did Sainsbury's offer us? Not enough to make court action sufficiently unattractive.
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Jan 20, 2015 20:45:57 GMT
How much compensation did Sainsbury's offer us? Not enough to make court action sufficiently unattractive. It was probably buy two bags of raspberries and get a third raspberry free I've not heard anywhere that a set sum of compensation has been offered ?
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Post by PessimistGas on Jan 21, 2015 17:50:27 GMT
The only good thing is the club is acting fast. I shared my source last 'friday ' ( see thread ) . So within days the club acted. Glad I got this story right as unlike the other two I shared. This was much bigger . Still don't think there will be a UWE but hope the club can get back decent comp... I don't understand why the club haven't accepted the compensation already offered by Sainsburys unless it wasn't enough to allow Higgs and Co to walk away without leaving some personal guarantees in play. Ending up in court is a much bigger risk for us than Sainsburys who've already made provision for the Rovers compensation payment, whilst we've had to borrow to bridge a shortfall. How do you know that Sainsbury's have offered the club anything?
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Post by Topper Gas on Jan 21, 2015 20:26:57 GMT
Even if they have it could just be peanuts? NH will have taken legal advice and that must be indicating it's a case worthwhile fighting or he would have just thrown in the towel. It could even be a "no win, no fee" case where NH have no risk of incurring massive costs if they lose, in fact surely they must "win" some could of compensation even if it's not £30m?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jan 21, 2015 23:04:26 GMT
Even if they have it could just be peanuts? NH will have taken legal advice and that must be indicating it's a case worthwhile fighting or he would have just thrown in the towel. It could even be a "no win, no fee" case where NH have no risk of incurring massive costs if they lose, in fact surely they must "win" some could of compensation even if it's not £30m? No fee no win lawyers only take on cast iron certs, I fear this is nothing like. My own commercial lawyer only advises clients to go to court if he thinks there's a 70% chance of winning, without going into what NH has been advised I do think this is probably a win or bust action by Rovers...so let's hope what Sainsburys have already offered isn't more than the judge considers reasonable.
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