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Post by bluebeard on Feb 12, 2015 0:52:16 GMT
No idea but £2.6m is a lot of money even to a millionaire. Lets hope we get some Wonga out of Sainsbury's.
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Post by 2nd May 1990 on Feb 12, 2015 1:11:26 GMT
I was told we will get nearly £500,000 by September 2015 ( in stages ) and if Lambert makes 25 apperances in 2014/15 another 20% of £2 million will also be paid. Also if he hits 25 in 2015/16 another 20% of £2 million.. I also think we only pay out 20& on the transfer not the add's on... SUMMARY 20% £4 MILLION -( 20% to Stockport nearly £500'000 20% £2 MILLION ( 25 games in 2014/15 ) £400'000 20% £2 MILLION ( 25 games in 2015/16 ) £400'000 £ 500'000 mis ( Based on other factors ) £8:5 million If we are very very lucky we could get just under £ 1.5 million over 24 months : until July 2016. But this would be based on regular football on 25 plus a season and European football... Is the 25 games all competitions, as I think he's hit that figure this season, presuming it includes sub appearances. If it's just premier league he's on 18. (5 starts, 13 sub appearances)
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 12, 2015 2:27:05 GMT
No idea but £2.6m is a lot of money even to a millionaire. Lets hope we get some Wonga out of Sainsbury's. But not so much for 5 of them collectively!
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Post by CountyGroundHotel on Feb 12, 2015 2:56:09 GMT
GD probably learned that from Kevin Spencer Lost me there I am afraid CGH, did KS demand some money back then? If I remember rightly I think KS rather than have his loan (approx £10k obviously pockets not as deep as GD!) took the balance in hospitality, boxes etc. I think at the same time there was a distasteful spat involving Colin Williams wife's loan being repaid (guess she made the loan instead of Colin for tax ' effiency' purposes ......) can't remember full details but was reported in EP. The point being I thought it was custom at Rovers for ex-directors to have loans repaid and shares purchased, if that was their desire.
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Post by CountyGroundHotel on Feb 12, 2015 3:04:47 GMT
as ive said before, ive met him twice and found him sound I'm sure he's a nice person. But I find tax avoidance and franchising sports teams classless. But he's got every right to do it if he wants to. On the bright side there is an election coming up. Vote Labour and you'll be able to create a raft of new tax 'avoiders' to hate. Or is it just SL you hate? Never heard you ever talk about a single other tax avoider.
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Post by CountyGroundHotel on Feb 12, 2015 3:10:06 GMT
but there would be plenty of investors wanting in on the deal - debt free club with pp for a new stadium and associated assets You're being silly now, have you learned nothing over the last 2 years. Debt free yes, assets none, either FL status or Conference plus invitation to invest how much, £20/30/40million to get an out of town stadium, who with enough money would be so totally dense!? The dream deal is, Sainsburys lose, we get compo max £5-£10million but my take is towards the lower end and we retain the Mem, pay off the finance company and hopefully someone pays NH some money for his shares and o/s loans to **** off into the sunset. Then we build a club to be proud of and hopefully we achieve success organically without loading ourselves up with debt...again; or we sell the Mem and enter into a ground share with Bath and invest the cash in the team. No you are going to have to explain how we will be asset less if we win the case against Sainsburys? We would then be entitled to approximately £30m, are you saying the debts to be repaid are £30m? That's before you get into the contract detail that will give x time to build the new stadium before vacating the Mem.
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Post by orgasmic on Feb 12, 2015 6:49:18 GMT
Wow! 3 whole pages of assumptions and childish bickering! Very few actual facts on this thread and a lot of "I thinks", "I believes"' " I heard some where's" and "I once read" etc etc...
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Post by frenchgashead on Feb 12, 2015 7:30:09 GMT
We all know that the club's financial position is bad. If BRFC lose the court case there will be no compensation and the debts incurred with 'Wonga' on the Mem look a disaster in the making. But the Conference rules on adminstration/insolvency are very strict. Administration means automatic 10 point deduction and insolvency means automatic relegation - to Conference South but financial problems can mean refusal to join that as happened to Hereford.
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dinsdale
Andy Rammell
Joined: May 2014
Posts: 495
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Post by dinsdale on Feb 12, 2015 7:40:21 GMT
Does Geoff still have his shares?
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Post by Topper Gas on Feb 12, 2015 8:53:41 GMT
We all know that the club's financial position is bad. If BRFC lose the court case there will be no compensation and the debts incurred with 'Wonga' on the Mem look a disaster in the making. But the Conference rules on adminstration/insolvency are very strict. Administration means automatic 10 point deduction and insolvency means automatic relegation - to Conference South but financial problems can mean refusal to join that as happened to Hereford. Perhaps that's why DC's been told he must get us promoted, NH wants to get back to the relative safe heaven of the FL!!!
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Post by bluebeard on Feb 12, 2015 9:46:16 GMT
Wow! 3 whole pages of assumptions and childish bickering! Very few actual facts on this thread and a lot of "I thinks", "I believes"' " I heard some where's" and "I once read" etc etc... Some of the speculation is wide of the mark and the point scoring gets a bit boring. However, I think that overall the forum has called it correctly so far. Summary, the club finances are shot, we have taken short term finance in a final roll of the dice / calculated strategic move* in the hope / knowledge* that at worst / best* we will receive compensation / full payment* from Sainsburys. *delete as appropriate.
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Cheshiregas
Global Moderator
Joined: May 2014
Posts: 2,165
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Post by Cheshiregas on Feb 12, 2015 10:15:33 GMT
Wow! 3 whole pages of assumptions and childish bickering! Very few actual facts on this thread and a lot of "I thinks", "I believes"' " I heard some where's" and "I once read" etc etc... So are people not allowed to express an opinion then? We haven't quite got to the stage of 1930s Germany yet in this country. It's a football forum not the United Nations, what do you expect? Perhaps if the Board hadn't become so secretive over the years and developed a siege mentality with the club's fans there wouldn't be so much speculation.....
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Post by fanatical on Feb 12, 2015 10:23:42 GMT
but there would be plenty of investors wanting in on the deal - debt free club with pp for a new stadium and associated assets You're being silly now, have you learned nothing over the last 2 years. Debt free yes, assets none, either FL status or Conference plus invitation to invest how much, £20/30/40million to get an out of town stadium, who with enough money would be so totally dense!? The dream deal is, Sainsburys lose, we get compo max £5-£10million but my take is towards the lower end and we retain the Mem, pay off the finance company and hopefully someone pays NH some money for his shares and o/s loans to **** off into the sunset. Then we build a club to be proud of and hopefully we achieve success organically without loading ourselves up with debt...again; or we sell the Mem and enter into a ground share with Bath and invest the cash in the team. as usual monstermouth - you speak before you read properly - 'new stadium and associated assets' meaning a new 'state of the art' stadium plus all the associated benefits (look at the plans and see what comes with the stadium!) -and if you live in south glos - it is not out of town and with train and road network nearby a very well positioned 'stadium' (arena) with easy access to south wales and all of england. In the right hands a potential money making machine - believe me there are already several interested parties.
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Cheshiregas
Global Moderator
Joined: May 2014
Posts: 2,165
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Post by Cheshiregas on Feb 12, 2015 10:25:12 GMT
Does Geoff still have his shares? dinsdale as far as I am aware he hasn't sold his shares but we won't know until the next Annual Return (on directorships and shareholdings). In 2013 he transferred 50,000 shares each to Matthew and Peter Dunford.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Feb 12, 2015 13:07:54 GMT
but there would be plenty of investors wanting in on the deal - debt free club with pp for a new stadium and associated assets You're being silly now, have you learned nothing over the last 2 years. Debt free yes, assets none, either FL status or Conference plus invitation to invest how much, £20/30/40million to get an out of town stadium, who with enough money would be so totally dense!? The dream deal is, Sainsburys lose, we get compo max £5-£10million but my take is towards the lower end and we retain the Mem, pay off the finance company and hopefully someone pays NH some money for his shares and o/s loans to **** off into the sunset. Then we build a club to be proud of and hopefully we achieve success organically without loading ourselves up with debt...again; or we sell the Mem and enter into a ground share with Bath and invest the cash in the team. I think you misunderstand the writ. Rovers are attempting to get enforcement of the contract, plus damages from Sainsbury's for unnecessarily delaying fulfilment of the contract. So if successful, Rovers would receive approx. £30m plus damages and Sainsburys would become de facto owners of the Mem.
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irishrover
Global Moderator
Joined: June 2014
Posts: 3,372
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Post by irishrover on Feb 12, 2015 14:21:04 GMT
Wow! 3 whole pages of assumptions and childish bickering! Very few actual facts on this thread and a lot of "I thinks", "I believes"' " I heard some where's" and "I once read" etc etc... Have you not been on an internet forum before?
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Post by swissgas on Feb 12, 2015 14:31:42 GMT
In the right hands a potential money making machineWe have heard this talk for 4 years and Nick Higgs once described it as a cash cow but no one has ever been willing to provide any detail. I guess what you are saying is that there are people "in the know" who have all the details and are anxiously waiting for the stadium to be built so they can jump in and milk the cow ? But, as we've debated many times before, what is so special about this development which makes it so attractive ? The UWE already have their own facilities at the heart of the campus which are well established, well run and on the face of it bigger and better than anything included in the stadium plans ? Is anyone able to say why the Rovers facilities, within a football stadium on the edge of the campus, are so appealing ? I have very little idea of commercial property lease rates in South Gloucestershire but if the plan was to lease out the facilities what revenue would they yield ? Convenience store 5000 sq ft Gymnasium 13700 sq ft Teaching space 22750 sq ft The banqueting area could not be leased out because presumably the club would need it on match days and I'm unsure of what non match day revenue could be expected given the competing facilities nearby and the lack of experience in running conferences or other non-football related events in this market ? What actual net return will these facilities make, in hard cash, which enables them to be described as a money making machine ?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 12, 2015 15:10:11 GMT
In the right hands a potential money making machineWe have heard this talk for 4 years and Nick Higgs once described it as a cash cow but no one has ever been willing to provide any detail. I guess what you are saying is that there are people "in the know" who have all the details and are anxiously waiting for the stadium to be built so they can jump in and milk the cow ? But, as we've debated many times before, what is so special about this development which makes it so attractive ? The UWE already have their own facilities at the heart of the campus which are well established, well run and on the face of it bigger and better than anything included in the stadium plans ? Is anyone able to say why the Rovers facilities, within a football stadium on the edge of the campus, are so appealing ? I have very little idea of commercial property lease rates in South Gloucestershire but if the plan was to lease out the facilities what revenue would they yield ? Convenience store 5000 sq ft Gymnasium 13700 sq ft Teaching space 22750 sq ft The banqueting area could not be leased out because presumably the club would need it on match days and I'm unsure of what non match day revenue could be expected given the competing facilities nearby and the lack of experience in running conferences or other non-football related events in this market ? What actual net return will these facilities make, in hard cash, which enables them to be described as a money making machine ? I've often wondered why the new stadium is viewed as such a Golden Ticket that makes the club so hugely attractive to investors who would flock to buy out the existing Directors, but sort of assumed there must be something I'm missing and / or that it was their conundrum. To my mind it would make the company the owners of a good stadium, with associated but not unique facilities, and an underperforming football club. Revenue stream wise, other than a restricted number of concerts per year, the stadium, as a sports ground, would largely be tied into hosting the football club. As a money generating development, per se, on that site, it's suboptimal (all that grass taking up space). For a football club, it's a huge improvement on the Mem, both in attracting people in, having the potential for bigger crowds should we ever have a team to attract them, and generating more (but probably not goldmine proportions) from non-football use of the facilities. If it's potential that would be for sale, we've already got that. For a start, fill the Mem: you run events, make sure you fill the venue. Also, regarding the product, try to run core activity such that we're at least in the football league. Flog that on, with or without development of a new stadium, and the company would be worth a damn site more than it is today. Not being tied in to a just built and option closing new facility might almost be seen as a benefit in the marketing. Revenue streams from a gym and convenience store et al are surely marginal.
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Feb 12, 2015 15:35:49 GMT
In the right hands a potential money making machineWe have heard this talk for 4 years and Nick Higgs once described it as a cash cow but no one has ever been willing to provide any detail. I guess what you are saying is that there are people "in the know" who have all the details and are anxiously waiting for the stadium to be built so they can jump in and milk the cow ? But, as we've debated many times before, what is so special about this development which makes it so attractive ? The UWE already have their own facilities at the heart of the campus which are well established, well run and on the face of it bigger and better than anything included in the stadium plans ? Is anyone able to say why the Rovers facilities, within a football stadium on the edge of the campus, are so appealing ? I have very little idea of commercial property lease rates in South Gloucestershire but if the plan was to lease out the facilities what revenue would they yield ? Convenience store 5000 sq ft Gymnasium 13700 sq ft Teaching space 22750 sq ft The banqueting area could not be leased out because presumably the club would need it on match days and I'm unsure of what non match day revenue could be expected given the competing facilities nearby and the lack of experience in running conferences or other non-football related events in this market ? What actual net return will these facilities make, in hard cash, which enables them to be described as a money making machine ? I've often wondered why the new stadium is viewed as such a Golden Ticket that makes the club so hugely attractive to investors who would flock to buy out the existing Directors, but sort of assumed there must be something I'm missing and / or that it was their conundrum. To my mind it would make the company the owners of a good stadium, with associated but not unique facilities, and an underperforming football club. Revenue stream wise, other than a restricted number of concerts per year, the stadium, as a sports ground, would largely be tied into hosting the football club. As a money generating development, per se, on that site, it's suboptimal (all that grass taking up space). For a football club, it's a huge improvement on the Mem, both in attracting people in, having the potential for bigger crowds should we ever have a team to attract them, and generating more (but probably not goldmine proportions) from non-football use of the facilities. If it's potential that would be for sale, we've already got that. For a start, fill the Mem: you run events, make sure you fill the venue. Also, regarding the product, try to run core activity such that we're at least in the football league. Flog that on, with or without development of a new stadium, and the company would be worth a damn site more than it is today. Not being tied in to a just built and option closing new facility might almost be seen as a benefit in the marketing. Revenue streams from a gym and convenience store et al are surely marginal. I know a family of 5 who no longer got to the Mem as in the dads words it is expensive to go and stand and probably get wet.
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Post by swissgas on Feb 12, 2015 15:43:13 GMT
1.2% per month seems an astounding rate of interest to be paying for a secured loan by a company owned by such wealthy businessmen. Are we absolutely sure the Dorset based people behind MSP Capital have no connection with Dorset based Harry Redknapp and the consortium he has been linked with which is seeking to buy a football club ? Is there not a possibility that a conversation went along the lines of "we can't determine exactly what we'll offer until you've sorted things out with Sainsburys but we'll loan you the money now to get you out of the sh*t if you agree to sell to us by the end of the year when the outcome is known and the price fixed" ? That might be described as a "waterboarded contract"
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