eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,197 
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Post by eppinggas on Jul 13, 2015 16:15:29 GMT
6 to 8 Gasheads were there in plenty of time before the appointed hour. The longer we waited, and the longer there was no sign of Mr Higgs and Mr Watola - the worse we felt. Mrs Proudman took no more than 30 seconds to mumble through her Judgement. Could have put on more of a show. Judge Rinder puts her to shame. The 150 paragraph Judgement was handed out and as we now all know - it was the outcome we all feared. Bizarrely a sh*thead (recently appointed barrister) was there to help trawl through the legalise and confirm the worst. He didn't gloat. Much. BBC Reporter (Alastair Durdin I think) stuck around and asked a lot of questions - generally very sympathetic to the cause. If there is any TV footage shown on local TV - then apologies if I come across as a tw*t. Win or lose today - I think it's pretty obvious we need help. We need out-side investment. We need a more professional approach. I won't bang on about the mythical 'root and branch review' again - but the fact that was swept under the carpet - still p*sses me off. A Durdin said there was definitely potential investors out there. I heard Mr Higgs saying today there were none. There is talk of an appeal? Please please please - let's not waste any more money. We were well beaten by a FTSE 100 company. Disingenuous, conniving b*stards, using their own standard contract to exploit the loop-holes that they had carefully inserted to walk away. The Judge intimates as much in the Judgement.
But they won. She chose to interpret the letter of the law.
Let's take it on the chin. Draw a line under it. And move on. UP THE GAS. RTID.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,197
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Post by eppinggas on Jul 13, 2015 16:21:25 GMT
And a pleasure to meet you Mr Ocean. Thanks for all your earlier updates...
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Post by a more piratey game on Jul 13, 2015 17:05:22 GMT
some snippets from discussions and thoughts today.....
Nick Higgs became chair as i) he's a Gashead ii) he had money iii) he was willing to put some of the money in iv) he had construction expertise and v) there was a feeling of a need for new blood
Nick put his money where his mouth is, and hasn't shied from putting in effort. The PR side of the job, however, has been completely new to him and something like a vertical learning curve. The balance of the Board either didn't have much to teach him, or didn't teach him much
given that no one else was ready to pay £30m, and the £30m price tag came with a Sainsbury's standard contract, both he and the Board made the business decision to go with it. We're guessing, but the terms probably weren't very negotiable
having gone with it, things started to unravel quite a long time ago. Rovers didn't seem to cotton on to that very quickly, and once they did they had to decide whether to push on. They were half-way down a tunnel, and either going ahead or turning back were deeply sub-optimal options
Rovers ploughed ahead. Probably due to i) hope ii) stubbornness iii) lack of an alternative iv) a chance for the directors to get some of their money back if it came off v) the chance that things would change - time changes many things, as it had for Sainsbury's on this deal but mainly due to vi) the desire for the Board/Chairman to leave Rovers as 'successes', having done what they came to do before passing the baton on to others
in ploughing ahead, PR landmines were stepped on not infrequently - most noticeably the announcement regarding 'picking your seats' at Cheltenham, the infamous interview with 20p, and the 'watertight contract' soundbite
there are other things which people don't understand, like the Wonga loan, but it does seem that overall Rovers didn't drop too many balls on the project execution side
but it hasn't worked, and doesn't look likely to work. It might be that there are alternative investors around, though whether they'd be any good for the club is anyone's guess. I'm not keen on financial engineering myself, and I can't help but think that being owned by Gasheads is something we've got right
also, some way might have to be found for the current mob to move on as 'successes'. Finding someone else willing to fund the UWE would probably allow that, but who? And in the meantime, we really don't know much about the club's financial situation |
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Post by a more piratey game on Jul 13, 2015 17:25:16 GMT
I've just seen Nick Higgs' interview. I thought it was pretty good apart from banging on about 'strong grounds to appeal'. Its cut from the same cloth as 'watertight contract' IMO
the bit I did like was when he was banging on about all the stakeholders who have put work in - the councils etc - and 'been let down'. That's much better politics, I thought
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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 Jul 13, 2015 17:40:22 GMT
I've just seen Nick Higgs' interview. I thought it was pretty good apart from banging on about 'strong grounds to appeal'. Its cut from the same cloth as 'watertight contract' IMO the bit I did like was when he was banging on about all the stakeholders who have put work in - the councils etc - and 'been let down'. That's much better politics, I thought Agree definitley one of his better stronger interviews at least with 20man. But all the.legal advice about strong grounds for appeal worry me. He seemed detrmined.to say we will find away to fund it and not thinking about the concept of losing.it and being even worse off |
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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 Jul 13, 2015 17:41:50 GMT
some snippets from discussions and thoughts today.....
Nick Higgs became chair as i) he's a Gashead ii) he had money iii) he was willing to put some of the money in iv) he had construction expertise and v) there was a feeling of a need for new blood
Nick put his money where his mouth is, and hasn't shied from putting in effort. The PR side of the job, however, has been completely new to him and something like a vertical learning curve. The balance of the Board either didn't have much to teach him, or didn't teach him much
given that no one else was ready to pay £30m, and the £30m price tag came with a Sainsbury's standard contract, both he and the Board made the business decision to go with it. We're guessing, but the terms probably weren't very negotiable
having gone with it, things started to unravel quite a long time ago. Rovers didn't seem to cotton on to that very quickly, and once they did they had to decide whether to push on. They were half-way down a tunnel, and either going ahead or turning back were deeply sub-optimal options
Rovers ploughed ahead. Probably due to i) hope ii) stubbornness iii) lack of an alternative iv) a chance for the directors to get some of their money back if it came off v) the chance that things would change - time changes many things, as it had for Sainsbury's on this deal but mainly due to vi) the desire for the Board/Chairman to leave Rovers as 'successes', having done what they came to do before passing the baton on to others
in ploughing ahead, PR landmines were stepped on not infrequently - most noticeably the announcement regarding 'picking your seats' at Cheltenham, the infamous interview with 20p, and the 'watertight contract' soundbite
there are other things which people don't understand, like the Wonga loan, but it does seem that overall Rovers didn't drop too many balls on the project execution side
but it hasn't worked, and doesn't look likely to work. It might be that there are alternative investors around, though whether they'd be any good for the club is anyone's guess. I'm not keen on financial engineering myself, and I can't help but think that being owned by Gasheads is something we've got right
also, some way might have to be found for the current mob to move on as 'successes'. Finding someone else willing to fund the UWE would probably allow that, but who? And in the meantime, we really don't know much about the club's financial situation Not cottoning on very quick. Think that sums Rovers up very well. |
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Post by Topper Gas on Jul 13, 2015 17:44:16 GMT
That was the last 30 seconds the rest was about a pointless appeal and how there's no investors lined up to pay for the UWE. Once again there's no Plan B/foresight, as there wasn't after the Opal pulled out and also following our relegation.
Although let's no worry about that as NH is a Gashead and he's spent £5m of the clubs money chasing a dream!
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Post by tbonegas on Jul 13, 2015 18:06:20 GMT
That was the last 30 seconds the rest was about a pointless appeal and how there's no investors lined up to pay for the UWE. Once again there's no Plan B/foresight, as there wasn't after the Opal pulled out and also following our relegation. Although let's no worry about that as NH is a Gashead and he's spent £5m of the clubs money chasing a dream! Plan B following relegation was an immediate return to the league. Where did that go wrong? |
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GasMacc1
Les Bradd
Joined: May 2014
Posts: 1,423
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Post by GasMacc1 on Jul 13, 2015 18:15:36 GMT
If there is any TV footage shown on local TV - then apologies if I come across as a tw*t. I've just seen you (in the shorts?), a_more_piratey_game and another Gashead (who? - not Billy Ocean I think as he wasn't in a brown shirt) on BBC Points Worst. You all came across very well. Stiff upper lips all round. I salute you! Durden: Fans who attended today's judgment say it's time for new investors to come in. "We've got the permission, we've got everything we need apart from the money. If we can get the money we can build the stadium; it looks like a great stadium. It could all turn round". "Outside help, investors, professional help is what we need at the moment. And just stick together". "Maybe if there's other people lined up that are going to give us some of the investment, maybe taking the land off us at a cheaper price; for example, up on Gloucester Road - I can imagine they're thinking closer to home now. |
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Post by a more piratey game on Jul 13, 2015 18:23:55 GMT
If there is any TV footage shown on local TV - then apologies if I come across as a tw*t. I've just seen you (in the shorts?), a_more_piratey_game and another Gashead (who? - not Billy Ocean I think as he wasn't in a brown shirt) on BBC Points Worst. You all came across very well. Stiff upper lips all round. I salute you! Durden: Fans who attended today's judgment say it's time for new investors to come in. "We've got the permission, we've got everything we need apart from the money. If we can get the money we can build the stadium; it looks like a great stadium. It could all turn round". "Outside help, investors, professional help is what we need at the moment. And just stick together". "Maybe if there's other people lined up that are going to give us some of the investment, maybe taking the land off us at a cheaper price; for example, up on Gloucester Road - I can imagine they're thinking closer to home now. my mum just called to tell me 
the other bloke was rtidrdtr (or whatever it is)
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The Gas
Joined: May 2014
Posts: 484
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Post by The Gas on Jul 13, 2015 19:42:48 GMT
Sorry I could not be there today, a more pressing medical appointment could not be broken, even for BRFC.
Just one point on potential investors. NH has said that BRFC have not received an offer for the club. Of course they haven't, no one is going to make an offer without seeing the up to date accounts.
Now if NH said he has not had discussions with any potential investors within the last twelve months he would be speaking an untruth. If NH has to repay the MSP loan PLUS all the other loans, he is in for about £5/6m.
Perhaps now is the time for NH to give serious consideration to new investors, as faith in you is diminishing by the hour.
PS - I do not blame NH for all our woes, but the negatives are outstripping the positives.
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Post by a more piratey game on Jul 13, 2015 19:45:32 GMT
we were looking for you The Gas. Hope you got a better result than BRFC did
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Post by Feeling The Blues on Jul 13, 2015 20:24:19 GMT
Sorry I could not be there today, a more pressing medical appointment could not be broken, even for BRFC. Just one point on potential investors. NH has said that BRFC have not received an offer for the club. Of course they haven't, no one is going to make an offer without seeing the up to date accounts. Now if NH said he has not had discussions with any potential investors within the last twelve months he would be speaking an untruth. If NH has to repay the MSP loan PLUS all the other loans, he is in for about £5/6m. Perhaps now is the time for NH to give serious consideration to new investors, as faith in you is diminishing by the hour. PS - I do not blame NH for all our woes, but the negatives are outstripping the positives. No one could make an offer for the club before the Sainsburys issue had been resolved. The club is going to be valued vastly differently depending on the outcome. When Higgs decides he isn't going to appeal the value will be known an offer can be made. I am sure the offer isn't going to be as acceptable to Higgs as it would have been if we won and it may be that that keeps us in the mess we are in. Obviously any investor will want to pay as little as possible for the shares so that they have more to invest in stadium and team. |
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Post by singupgas on Jul 13, 2015 21:36:20 GMT
Sorry I could not be there today, a more pressing medical appointment could not be broken, even for BRFC. Just one point on potential investors. NH has said that BRFC have not received an offer for the club. Of course they haven't, no one is going to make an offer without seeing the up to date accounts. Now if NH said he has not had discussions with any potential investors within the last twelve months he would be speaking an untruth. If NH has to repay the MSP loan PLUS all the other loans, he is in for about £5/6m. Perhaps now is the time for NH to give serious consideration to new investors, as faith in you is diminishing by the hour. PS - I do not blame NH for all our woes, but the negatives are outstripping the positives. No one could make an offer for the club before the Sainsburys issue had been resolved. The club is going to be valued vastly differently depending on the outcome. When Higgs decides he isn't going to appeal the value will be known an offer can be made. I am sure the offer isn't going to be as acceptable to Higgs as it would have been if we won and it may be that that keeps us in the mess we are in. Obviously any investor will want to pay as little as possible for the shares so that they have more to invest in stadium and team. Heres to hoping NH doesnt hang on in there for too long then if there are investors waiting in the wings. |
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Jul 13, 2015 23:05:29 GMT
No one could make an offer for the club before the Sainsburys issue had been resolved. The club is going to be valued vastly differently depending on the outcome. When Higgs decides he isn't going to appeal the value will be known an offer can be made. I am sure the offer isn't going to be as acceptable to Higgs as it would have been if we won and it may be that that keeps us in the mess we are in. Obviously any investor will want to pay as little as possible for the shares so that they have more to invest in stadium and team. Heres to hoping NH doesnt hang on in there for too long then if there are investors waiting in the wings. How about that bloke from Solihull Motors that some keep banging on about being so successful and making money for that football club, does he have enough money to buy out the board ? He could then apply his successful principals to our club and we'd soon be shooting up the leagues and making loads ?  |
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Post by singupgas on Jul 13, 2015 23:17:43 GMT
Heres to hoping NH doesnt hang on in there for too long then if there are investors waiting in the wings. How about that bloke from Solihull Motors that some keep banging on about being so successful and making money for that football club, does he have enough money to buy out the board ? He could then apply his successful principals to our club and we'd soon be shooting up the leagues and making loads ? Can't tell if you're being sensitive or sarcastic there, my real opinion is that I won't belive there are investors until they have officially come forward. |
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Jul 13, 2015 23:22:20 GMT
How about that bloke from Solihull Motors that some keep banging on about being so successful and making money for that football club, does he have enough money to buy out the board ? He could then apply his successful principals to our club and we'd soon be shooting up the leagues and making loads ? Can't tell if you're being sensitive or sarcastic there, my real opinion is that I won't belive there are investors until they have officially come forward. A bit like the new stadium really....... |
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Post by CountyGroundHotel on Jul 14, 2015 14:49:07 GMT
Heres to hoping NH doesnt hang on in there for too long then if there are investors waiting in the wings. How about that bloke from Solihull Motors that some keep banging on about being so successful and making money for that football club, does he have enough money to buy out the board ? He could then apply his successful principals to our club and we'd soon be shooting up the leagues and making loads ? He didn't last time he tried to take control. Perhaps he has come into money since then. |
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