Deleted
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Post by Deleted on Sept 22, 2015 20:44:33 GMT
I think this is where we are. It's going to be hard to agree a price to buy/sell at whilst the Sainsbury's situation is still in flux. For what it's worth, I think Jon's rumour is probably accurate, but still don't see what was gained from leaking it. It gave us soomething to gossip about, but hard to see how it will create trust and help negotiations with Nick and the people considering investing. If the intention was to try to put pressure on Higgs, just look at the Sainsbury's situation, he isn't someone who just shrugs his shoulders and gives up. Hi Bamber always enjoy reading your posts so i'll give you my response - my 'rumour' is fact to the best of my knowledge - i think some people may be seeing this purely as an attack on our chairman by myself and this is not true - my motive if any was to 'out' the story cause if i know it others must too and why shouldn't everyone know? - plus try to get either the club or the consortium to 'show their hand' cause like everyone else i would like more and fuller details of whats happening - of course time will tell if i was right or wrong to do so and i have to live with that - just thought i tried to clarify ok mate - UTG Fair enough. I'm pretty sure that there's something in this 'rumour', it's been circulating for ages, but I can't nescecerally agree that forcing it out into the open is going to help negotiations, or that everybody has a right to know at this stage. I gather that the media were working yesterday trying to find details and that the best they can come up with is that the new money is Birmingham based (as confirmed today by Vital), that may or may not be true, but it looks to me as if you have been used to leak the information because the investors are frustrated that Nick won't do a deal on their terms. It's hard to see him changing his mind unless there's a significant backlash from supporters accusing him of holding the club back. Not sure if you think I'm seeing what you have done as an attack on Higgs, not fussed either way if it was, he's a big boy and can look after himself. If he has a problem he knows how to contact you, but I can't see why he would. Life is far too short to worry about whether you have done the right thing here, if you act with integrity and have done what you believe to be the best thing for the FC then, regardless of what happens next, you have nothing to regret.
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james83
Joined: August 2014
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Post by james83 on Sept 22, 2015 21:06:24 GMT
Higgs and all previous board members have always stated that previous bids were not in the clubs interest so even if this consortium is true and has millions I doubt Higgs will sell as he is running it like a business to himself! Anyone who buys a football club shouldn't expect to make money because you won't in this game and Nick knows this and due to his loss of money he's holding out to recoup his loss back! Maybe the fans should protest against him if their is a strong wealthy consortium to buy us and deliver the new stadium we so badly need? UTG!
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Post by singupgas on Sept 22, 2015 21:09:23 GMT
As my old man keeps telling me, you shouldn't believe it until you've seen it, everything is speculation and rumour. When this becomes news in local newspaper and on the beeb website, then ill believe there is something serious going on.
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Deleted
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Post by Deleted on Sept 22, 2015 21:09:45 GMT
Higgs and all previous board members have always stated that previous bids were not in the clubs interest so even if this consortium is true and has millions I doubt Higgs will sell as he is running it like a business to himself! Anyone who buys a football club shouldn't expect to make money because you won't in this game and Nick knows this and due to his loss of money he's holding out to recoup his loss back! Maybe the fans should protest against him if their is a strong wealthy consortium to buy us and deliver the new stadium we so badly need? UTG! Other than by selling an asset or making a trading profit will Higgs be able to recover his losses?
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Deleted
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Post by Deleted on Sept 22, 2015 21:37:14 GMT
Another thread of piss jousting.
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Deleted
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Post by Deleted on Sept 22, 2015 21:41:14 GMT
I just hope something is made public before Saturday so we can have time to discuss a plan for Saturday in a form of a protest for example.
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jw5992
Joined: July 2015
Posts: 2
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Post by jw5992 on Sept 22, 2015 21:41:40 GMT
Why is everyone suggesting the consortium would sell the mem? They could be any kind of investors with any kind of background, who's to say they dont already have a plan to recoup a large amount of money from the mem i.e developing it themself, that would recoup some of that £40m they spent on the UWE! We don't know who they are or what they do! There are endless possibilities
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LJG
Peter Beadle
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Post by LJG on Sept 22, 2015 21:50:20 GMT
I just hope something is made public before Saturday so we can have time to discuss a plan for Saturday in a form of a protest for example. This is absolutely crazy. A nice guy with good intentions posts a rumour on an Internet forum and suddenly the chairman is supposed to walk away, fellow gasheads are being slated for passing on information they've received and now we're supposed to protest in Saturday, one week later!
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Post by a more piratey game on Sept 22, 2015 21:50:05 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. I fear you are missing the gist here Epping per Vital, they are offering to pay the £40m to build the stadium (ie what it costs) and put further money into the team i think they want the club and the Mem for nowt for them to do so. And not to take on the debts. That's what it says to me, at least
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Post by singupgas on Sept 22, 2015 22:16:21 GMT
I just hope something is made public before Saturday so we can have time to discuss a plan for Saturday in a form of a protest for example. This is absolutely crazy. A nice guy with good intentions posts a rumour on an Internet forum and suddenly the chairman is supposed to walk away, fellow gasheads are being slated for passing on information they've received and now we're supposed to protest in Saturday, one week later! People on here have lost thier heads a little with this rumour, bit embarrassing really.
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Post by PessimistGas on Sept 22, 2015 23:04:35 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. Surely everyone is already praying for the same thing? Higgs nowhere near the running of our club.
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Post by Henbury Gas on Sept 23, 2015 1:10:35 GMT
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. Can do the job sat behind a keyboard ?
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eppinggas
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Post by eppinggas on Sept 23, 2015 7:04:10 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. I fear you are missing the gist here Epping per Vital, they are offering to pay the £40m to build the stadium (ie what it costs) and put further money into the team i think they want the club and the Mem for nowt for them to do so. And not to take on the debts. That's what it says to me, at least I disagree - my gist is this. There is no way Higgs would allow a consortium in to take control without them first clearing his (and any other debts). I don't blame NH for a minute in so much that he gets his money back. Want galls me is he may want an actual return on his investment. Putting aside the odd structure around the Club structure and holding company... Real round numbers - If the new stadium costs £40mil - the Mem is worth £15mil and our debts internal and external are £8mil - then a consortium would need to bid £33mil to buy the assets and build a new ground. I presume that would leave a couple of mil to help establish the Club higher up the league. Yes?
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Peter Parker
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Post by Peter Parker on Sept 23, 2015 7:17:57 GMT
I fear you are missing the gist here Epping per Vital, they are offering to pay the £40m to build the stadium (ie what it costs) and put further money into the team i think they want the club and the Mem for nowt for them to do so. And not to take on the debts. That's what it says to me, at least I disagree - my gist is this. There is no way Higgs would allow a consortium in to take control without them first clearing his (and any other debts). I don't blame NH for a minute in so much that he gets his money back. Want galls me is he may want an actual return on his investment. Putting aside the odd structure around the Club structure and holding company... Real round numbers - If the new stadium costs £40mil - the Mem is worth £15mil and our debts internal and external are £8mil - then a consortium would need to bid £33mil to buy the assets and build a new ground. I presume that would leave a couple of mil to help establish the Club higher up the league. Yes? Lets assume that all current directors would go and would want all their loans back. What are we looking at £5-7m to buy the club.
. New owners would have to service any external loans , but would take over The Mem and could build UWE assuming they entered into the current agreement that is 'open' or negotiated new terms to do so as it is UWE's land after all. Once built they could 'dispose' of the Mem in whatever business manner deemed fit
Should be that simple. obviously it isn't as I assume NH want to recoup his money and have a stronger hand in winning the appeal and maybe make a couple of quid
I concur with AMPG. I guess they would want to take over for a pound and then go about their business. Of course then there is the matter of whether NH and co walk away or come to an agreement as external creditors to be paid back over x period of time
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mjhgas
Joined: May 2014
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Post by mjhgas on Sept 23, 2015 7:22:42 GMT
Just a thought - Mr Higgs could stay on the Board and recoup his money as we march on to the Premier League over the next five years!!! Would be an ample reward for his work re the uwe!!!
He would have to leave once we have qualified for the Champions League!!!!
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Post by Nobbygas on Sept 23, 2015 7:47:51 GMT
"Lets assume" - and with those two simple words, anything written afterwards is just guess work and pure speculation.
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Post by droitwichgas on Sept 23, 2015 7:57:22 GMT
I fear you are missing the gist here Epping per Vital, they are offering to pay the £40m to build the stadium (ie what it costs) and put further money into the team i think they want the club and the Mem for nowt for them to do so. And not to take on the debts. That's what it says to me, at least I disagree - my gist is this. There is no way Higgs would allow a consortium in to take control without them first clearing his (and any other debts). I don't blame NH for a minute in so much that he gets his money back. Want galls me is he may want an actual return on his investment. Putting aside the odd structure around the Club structure and holding company... Real round numbers - If the new stadium costs £40mil - the Mem is worth £15mil and our debts internal and external are £8mil - then a consortium would need to bid £33mil to buy the assets and build a new ground. I presume that would leave a couple of mil to help establish the Club higher up the league. Yes? The elephant in the room could be the Appeal win that and Rovers could have rights of upto £30m+ in compo and probably be worth £m's more, lose it and we're knackered!
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Peter Parker
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Post by Peter Parker on Sept 23, 2015 8:01:17 GMT
"Lets assume" - and with those two simple words, anything written afterwards is just guess work and pure speculation. Indeed. But if we are accepting their is an interested party in taking over Rovers, a fair point to start at is the current directors at least wanting their loans/investment back for a deal to be done.
As I said, on paper it should be simple, but the appeal case and potential value of the Mem site is obviously a factor complicating matters
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Post by Jon the Stripe on Sept 23, 2015 8:19:31 GMT
I disagree - my gist is this. There is no way Higgs would allow a consortium in to take control without them first clearing his (and any other debts). I don't blame NH for a minute in so much that he gets his money back. Want galls me is he may want an actual return on his investment. Putting aside the odd structure around the Club structure and holding company... Real round numbers - If the new stadium costs £40mil - the Mem is worth £15mil and our debts internal and external are £8mil - then a consortium would need to bid £33mil to buy the assets and build a new ground. I presume that would leave a couple of mil to help establish the Club higher up the league. Yes? The elephant in the room could be the Appeal win that and Rovers could have rights of upto £30m+ in compo and probably be worth £m's more, lose it and we're knackered! Could it be that's why we have appealed? - a long drawn out saga would mean we are almost impossible to value for the foreseeable future - not accusing anyone of anything btw just throwing it in the mix - UTG Edit:Just to clarify - in fairness if i was mr Higgs i would want to know the true value of the club which will only be known after the court case saga which could last years! Otherwise i may be selling something for £10 when it could be worth £20
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Post by a more piratey game on Sept 23, 2015 8:38:31 GMT
I disagree - my gist is this. There is no way Higgs would allow a consortium in to take control without them first clearing his (and any other debts). I don't blame NH for a minute in so much that he gets his money back. Want galls me is he may want an actual return on his investment. Putting aside the odd structure around the Club structure and holding company... Real round numbers - If the new stadium costs £40mil - the Mem is worth £15mil and our debts internal and external are £8mil - then a consortium would need to bid £33mil to buy the assets and build a new ground. I presume that would leave a couple of mil to help establish the Club higher up the league. Yes? The elephant in the room could be the Appeal win that and Rovers could have rights of upto £30m+ in compo and probably be worth £m's more, lose it and we're knackered! tis a good point quoting Vital: 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. .....it only says £40m into a stadium. Doesn't say anything about loans
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