eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,502
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Post by eppinggas on Sept 22, 2015 17:54:11 GMT
If NH was honourable, he'd accept a reasonable bid - and £40mil sounds very reasonable - and GO. He'll never get his credibility back and if he thinks he's due a return on his investment - that's just greed. He can't expect to be financially rewarded for failure after failure during his tenure. I'm sure NH is a gashead. I'm sure he's done his best. But that has not been good enough. He has to realise that the best thing for BRFC is for him to go and hand over the reins to someone else. Thanks Nick - but good-bye.
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Post by bluebeard on Sept 22, 2015 18:05:58 GMT
And back in the real world it's bit like making an offer for the equity in someone's house. My house is worth £200k with a £120k mortgage so you expect me to sell for £80k? The fact that I should have paid a bit more off while interest rates were so low and I used the mortgage to clear some credit card debt when I took it out is bad financial management. But it's none of your business. BTW I suspect Higgs would be delighted just to get most of his capital back (never mind a return) and where did £40m come from?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 18:06:56 GMT
If NH was honourable, he'd accept a reasonable bid - and £40mil sounds very reasonable - and GO. He'll never get his credibility back and if he thinks he's due a return on his investment - that's just greed. He can't expect to be financially rewarded for failure after failure during his tenure. I'm sure NH is a gashead. I'm sure he's done his best. But that has not been good enough. He has to realise that the best thing for BRFC is for him to go and hand over the reins to someone else. Thanks Nick - but good-bye. Whilst I agree with your sentiment, I don't think anyone's said they've offered £40 million to buy the club, just that they have £40 million to build the UWE stadium. Aside from that, what's the club worth? There's the rub. Is it £12 - £15 million for the land at Horfield, less say £8 million in debts (some of which are to pay off NH's loans), so call it £5 million, of which about half would go to NH. Or is it £30 million that Sainsbury's might or might not be (probably not be) contracted to buy the land for [then as above]. The difference in the cheque to NH is about £8 million.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 18:19:49 GMT
Well if there has been approach it seems like not all the directors know about it. Brian Seymour-Smith @briseymoursmith 10 mins10 minutes ago nortongashead Jamie have contacted the club to seek clarification. Will come back when I hear. Best wishes Bri
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Post by onedaytheuwe on Sept 22, 2015 18:26:34 GMT
I am slightly confused now ! VITAL broke the story that UWE contacted South Gloucestershire with a view to downsizing the stadium and going alone. We now learn via VITAL that a bid from Birmingham have come in who would fund the stadium. So are the UWE aware of this ? And if so what rights does anyone have if it is UWE land?. We also understand from NH that plan B is an option and could fund the UWE via the MEM sale. Surely : there can't be 3 agenda;s going on can there
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 18:40:42 GMT
Well if there has been approach it seems like not all the directors know about it. Brian Seymour-Smith @briseymoursmith 10 mins10 minutes ago nortongashead Jamie have contacted the club to seek clarification. Will come back when I hear. Best wishes Bri That's bizarre. If there has been an approach and a Director hasn't been told and consulted, he should resign on the spot. Secondly, on hearing about it, he should be on the phone to the chairman and / or company secretary with immediate effect, not leaving messages and hoping someone gets back to him. I look forward to hearing what he says next.
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Post by bluebeard on Sept 22, 2015 18:56:51 GMT
Well if there has been approach it seems like not all the directors know about it. Brian Seymour-Smith @briseymoursmith 10 mins10 minutes ago nortongashead Jamie have contacted the club to seek clarification. Will come back when I hear. Best wishes Bri That's bizarre. If there has been an approach and a Director hasn't been told and consulted, he should resign on the spot. Secondly, on hearing about it, he should be on the phone to the chairman and / or company secretary with immediate effect, not leaving messages and hoping someone gets back to him. I look forward to hearing what he says next. I look forward to you putting yourself forward to be BSS replacement at the forthcoming SC AGM. You come across as a bit arrogant but I do like your principles. You got my vote.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 19:15:44 GMT
Consortium Approach Rovers Vital Gas understands that a Consortium has made an approach to take over Bristol Rovers Football Club with a promise to invest at least 40 million into building a new Stadium at the UWE and further investment into the team.. It is thought that current Owner and Chairman, Nick Higgs has rejected this advance as it stands as the offer does not allow for repayment of losses that he incurred during his ownership.. The Consortium is thought to be Birmingham based but currently the identities of the individuals involved are unknown. Read more: www.bristolrovers.vitalfootball.co.uk/article.asp?a=414400#ixzz3mU74MWljSo going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder?
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mjhgas
Joined: May 2014
Posts: 277
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Post by mjhgas on Sept 22, 2015 19:17:26 GMT
Have we ruled out the Russians & Thais then? And what about Chris Samuelson?
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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 Sept 22, 2015 19:37:46 GMT
...or just some guys who like football, have been in football before & fancy a punt with the Gas. Rumour has it they have more money than we could possibly need....!!
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Angas
Joined: May 2014
Posts: 2,068
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Post by Angas on Sept 22, 2015 19:47:42 GMT
Well if there has been approach it seems like not all the directors know about it. Brian Seymour-Smith @briseymoursmith 10 mins10 minutes ago nortongashead Jamie have contacted the club to seek clarification. Will come back when I hear. Best wishes Bri I just tried to look at his twitter page. Seems he's a shy Bri.
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Post by Topper Gas on Sept 22, 2015 19:50:46 GMT
Consortium Approach Rovers Vital Gas understands that a Consortium has made an approach to take over Bristol Rovers Football Club with a promise to invest at least 40 million into building a new Stadium at the UWE and further investment into the team.. It is thought that current Owner and Chairman, Nick Higgs has rejected this advance as it stands as the offer does not allow for repayment of losses that he incurred during his ownership.. The Consortium is thought to be Birmingham based but currently the identities of the individuals involved are unknown. Read more: www.bristolrovers.vitalfootball.co.uk/article.asp?a=414400#ixzz3mU74MWljSo going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder? Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 20:05:53 GMT
So going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder? Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour. Is the stadium not owned by the holding company? as in it is separate to the actual club. If so then yes the club could be sold whilst the owners keep ownership of the Memorial. If that is the case then maybe the buyers (if there are any) could rent the Memorial until UWE is built. One flaw in this is who was building the UWE? If it was the holding company rather than the club then that would have to be sold as well.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 20:13:39 GMT
So going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder? Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour. Forgive me if I come across dumb here but if this consortium succeeds and buys Rovers, UWE won't be built in a day of course. Obviously we would still play at the Memorial Stadium in the meantime while UWE was being built. Would we be paying rent to Higgs then for using the Memorial? Or will the consortium be looking to buy the Memorial off of Higgs and sell to whoever and use those funds later on when needed?
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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 Sept 22, 2015 20:14:27 GMT
So going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder? Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour. The share are in 1883ltd which owns the club and the ground
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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 Sept 22, 2015 20:16:22 GMT
So going by the above, we now know its £40million to build UWE Stadium (makes sense as costs risen) and further investment into the team. So that's what they will do once in charge. But what's the offer to Higgs? Correct me if I'm wrong but I presume they need to purchase the Memorial Stadium, pay of debts and pay off Higgs. How much will that be I wonder? Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour. The share are in 1883ltd which owns the club and the ground. The team is worth feck all. Surely investors even if building UWE would want Mem to recoup some dosh
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 20:17:46 GMT
Why do they need to buy the Mem? As far as I'm aware FL membership isn't tied in with the ground a team plays on, the consortium could simply build the UWE and move Rovers into the new stadium once it's built, leaving NH to resolve the Sainsbury's contract and then sell the Mem at his own leisure? If they did that the consortium's investment would be just the cost of building the UWE, NH should also clear most of his loans and perhaps bank a few more million if the Appeal want in his favour. Is the stadium not owned by the holding company? as in it is separate to the actual club. If so then yes the club could be sold whilst the owners keep ownership of the Memorial. If that is the case then maybe the buyers (if there are any) could rent the Memorial until UWE is built. One flaw in this is who was building the UWE? If it was the holding company rather than the club then that would have to be sold as well. Beat me to it pretty much.
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Thatslife
"Decisions are made by those who turn up"
Joined: June 2014
Posts: 669
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Post by Thatslife on Sept 22, 2015 20:28:00 GMT
Is the stadium not owned by the holding company? as in it is separate to the actual club. If so then yes the club could be sold whilst the owners keep ownership of the Memorial. If that is the case then maybe the buyers (if there are any) could rent the Memorial until UWE is built. One flaw in this is who was building the UWE? If it was the holding company rather than the club then that would have to be sold as well. Beat me to it pretty much. Or vice versa,, they could sell the ground and use the money to be part of the consortium and keep the football club.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 22, 2015 20:33:14 GMT
There will be some NIMBY group being created as we speak to stop / delay something im sure.
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Post by interceptor on Sept 22, 2015 20:34:40 GMT
Is this all getting a bit out of hand? Mr Higgs said a few months ago that he was actively seeking investment in the club - it is therefore not surprising that there are people interested in investing. For reasons I explained before, and only my opinion not anything I have inside knowledge about, Bristol Rovers looks an attractive option. I believe there is real justification in Nick Higgs pursuing an appeal, even if he does not win. There are too many inconsistencies in the final verdict and sometimes you have to speculate to accumulate.The appeal costs are miniscule compared to all the associated costs that have preceded them. The bloke is a builder, he sold his business for a lot of cash. He is not silly and he knows about building, planning consent and project management (or surrounded himself with people who did). If it were not for TRASH I suspect he would be considered the messiah. The BOD have put their own hard earned cash into the club, I suspect rather more for sentiment than profit in the past, but it is still their cash! They are closer than we have been for years to securing the future of this club whilst at least getting their cash out - Would you blame them? There is planning permission for a big football stadium about a mile and half from our current home. We want to move to a new stadium. However it happens that sounds like rather a convenient arrangement. In short, I hope there are potential investors. I want the Stadium built at UWE, so do all the stakeholders in the project. So what if its 21,000 or 22,000; its still 9,000 more than our current capacity and about 14,000 more than our generous average home gate! Yep - eye off the ball with the football for 2 years caused us to be relegated out of the league - one of the worst days of all our lives - but it actually served to unify the club and get back some momentum.
Put it this way - If Jermaine Easter scored a hat trick we would all forget our differences and celebrate together - Lets start praying for the same thing rather than bickering.
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