Deleted
Joined: January 1970
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Post by Deleted on Mar 23, 2016 15:51:06 GMT
Yes, it's now been repaid, but that wasn't my point, and it wasn't intended to be cryptic in any way. You would assume that Higgs had £2.1m in the bank, so why take the MSP loan at 1.2% per-month (compounded-OUCH), and as it was secured against the stadium there would have been costs attached to valuing the asset, searching existing liens etc. That loan probably cost the thick end of a million quid in total, why do that when you have the money sat in the bank? How can you assume NH has got £2.1m just stuck in the bank we've no idea of his personal circumstances or what he did with his own money? Even if he did have £2.1m in the bank I doubt it was in a instant access savings account! If the annual interest rate was 14.4% how could a loan of £2.1m cost £1m as that's almost an interest rate of 50%? As far as today's BP article it's virtually the same as Hammer said in his Made in Bristol interview but I thought he said then the car park work had to start this summer and be completed by October, which would make sense as that's when most students return after the summer? It was 1.2% per month compounded, not flat, and probably a bundle of loan facility fees to be added. Also I think I had the sum borrowed incorrect, local press reported it as £2.4m rather than £2.1m. But both figures have been mentioned, so I don't know which is correct. Also, Terry (Cheshire Gas) who seems pretty clued up on financial stuff warned about the high costs of extending these loans. I made it clear that everything said about Nick's personal situation was assumption rather than statements of known fact. How much did he receive from the sale of Cowlin? Maybe he didn't have the money, or didn't have access to the money, but you would have thought that the BoD between them could have raised £2.1 / £2.4m?
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Deleted
Joined: January 1970
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Post by Deleted on Mar 23, 2016 15:59:22 GMT
Maybe it was if the club went into administration their loans were unsecured whereas the msp one was,so if they put the 2 million or so up they would get only a percentage back as unsecured creditors,i think
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Deleted
Joined: January 1970
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Post by Deleted on Mar 23, 2016 16:00:27 GMT
The talks are currently at a relentless level and have been increasing in recent weeks, a professional team have been assembled to make this happen, the cowboys have left the building. Rest assured you will be fed more consistent positive news as each month passes, none of this watertight nonsense, factual progress on and off the field. It might be difficult for many to adjust and some will want more and more, this will be the next challenge for the board in managing supporter expectations. I'm really impressed personally by what is going on behind the scenes that supporters aren't yet privvy to, and hopefully the vast majority of fans will keep a sensible head on, rather than waffle on about it being 2 weeks since the last stadium update etc, to make comparison to previous years and draw criticism in the name of the past is just fool hardy IMO. You appear to speak with some authority? I'm intrigued! Absolutely no authority whatsoever, just a small involvement with certain aspects.
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Post by Henbury Gas on Mar 23, 2016 16:26:55 GMT
How can you assume NH has got £2.1m just stuck in the bank we've no idea of his personal circumstances or what he did with his own money? Even if he did have £2.1m in the bank I doubt it was in a instant access savings account! If the annual interest rate was 14.4% how could a loan of £2.1m cost £1m as that's almost an interest rate of 50%? As far as today's BP article it's virtually the same as Hammer said in his Made in Bristol interview but I thought he said then the car park work had to start this summer and be completed by October, which would make sense as that's when most students return after the summer? It was 1.2% per month compounded, not flat, and probably a bundle of loan facility fees to be added. Also I think I had the sum borrowed incorrect, local press reported it as £2.4m rather than £2.1m. But both figures have been mentioned, so I don't know which is correct. Also, Terry (Cheshire Gas) who seems pretty clued up on financial stuff warned about the high costs of extending these loans. I made it clear that everything said about Nick's personal situation was assumption rather than statements of known fact. How much did he receive from the sale of Cowlin? Maybe he didn't have the money, or didn't have access to the money, but you would have thought that the BoD between them could have raised £2.1 / £2.4m? i also understand that £1m approx of the loan was to pay Barclays who no longer wanted to play ball with us i also understand getting the "Wonga" loan was the quickest way to payback Barclays because they wanted it PDQ
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Teigngas
Steve White
Joined: June 2014
Posts: 265
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Post by Teigngas on Mar 23, 2016 16:33:46 GMT
Well that all sounds very positive. If there is no regular updates it is only natural to assume things have gone tits up because that`s what happened in the past. Hopefully this is now a thing of the past. I guess its down to interpretation and how you view 'regular updates', most of us would like to know about important developments and milestones reached in the project, yet you will have some fans who want to know every single intricate detail, to that end it sounds like it is going to be probable that stadium tours will take place during construction, as they have done at other stadiums such as the Liberty Stadium, this will appease those fans who want to know how many parts sand to cement are used on the stadium, how the paint is sprayed on to the seats etc. Personally I think (and hope) that the club will follow the american way and make the stadium a destination to spend the entire day/evening, as opposed to a 90 minute experience, with a music license, a full pitch length bar area that when the dividing curtain is removed can house 3000 in one room for a live band after a game, and of course for those who need to travel a hotel on site as well, lots of exciting times ahead. Personally I am not worried about intricate details as long as we know that things are progressing, but in the past silence has usually heralded bad news. Although to be fair even when we have been told things they usually turn out to be lies errors. The American stadium thing is something I have always thought would work. Now we have a forward thinking board who knows?
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Post by pirateduncan on Mar 23, 2016 16:34:34 GMT
Given the euphoria and rhetoric about how the new owners are in a different universe to the old it is a little disappointing to discover that;- a) The funding for the build is not already in place and hasn't been for some time haha
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 23, 2016 16:46:30 GMT
Given the euphoria and rhetoric about how the new owners are in a different universe to the old it is a little disappointing to discover that;- a) The funding for the build is not already in place.b) They are still thinking about extending this legal fight ( after pronouncing that it made no difference to whether the stadium was built or not) Not stressed about this in any way. Etihad Stadium, Emirates Stadium etc. If we end up with the stadium sponsored by the local chippy then we should start to worry.
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nerdgas
Joined: May 2014
Posts: 145
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Post by nerdgas on Mar 23, 2016 17:31:34 GMT
I dunno what all you moaning tosspots are whinging about. It's clear that this 'lone wolf' approach and piling debt on the club was all part of the masterplan to turn us into the most attractive footballing purchase outside of the premier league. In Higgs we tru....... No I can't bring myself to say it.... You are of course completely right! Of course I am. Now this car park..... we're building it on Horfield Common right?
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Deleted
Joined: January 1970
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Post by Deleted on Mar 23, 2016 17:45:15 GMT
You are of course completely right! Of course I am. Now this car park..... we're building it on Horfield Common right? It would be worth putting in an application just to watch Carstairs' head explode
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nerdgas
Joined: May 2014
Posts: 145
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Post by nerdgas on Mar 23, 2016 17:47:55 GMT
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Post by davehuddscousin on Mar 23, 2016 19:56:06 GMT
I've tried the 'made in Bristol' link, but all I get is this message:
"Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Access from your area has been temporarily limited for security reasons
Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence firewall rules. The reason you access was limited is: "Access from your area has been temporarily limited for security reasons".
If this is a false positive, meaning that your access to your own site has been limited incorrectly, then you will need to regain access to your site, go to the Wordfence "options" page, go to the section for Firewall Rules and disable the rule that caused you to be blocked. For example, if you were blocked because it was detected that you are a fake Google crawler, then disable the rule that blocks fake google crawlers. Or if you were blocked because you were accessing your site too quickly, then increase the number of accesses allowed per minute.
If you're still having trouble, then simply disable the Wordfence firewall and you will still benefit from the other security features that Wordfence provides. If you are a site administrator and have been accidentally locked out, please enter your email in the box below and click "Send". If the email address you enter belongs to a known site administrator or someone set to receive Wordfence alerts, we will send you an email to help you regain access. Please read this FAQ entry if this does not work. "
Can anyone translate it into English?
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Post by matealotblue on Mar 23, 2016 20:12:09 GMT
I've tried the 'made in Bristol' link, but all I get is this message: "Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Access from your area has been temporarily limited for security reasons Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence firewall rules. The reason you access was limited is: "Access from your area has been temporarily limited for security reasons". If this is a false positive, meaning that your access to your own site has been limited incorrectly, then you will need to regain access to your site, go to the Wordfence "options" page, go to the section for Firewall Rules and disable the rule that caused you to be blocked. For example, if you were blocked because it was detected that you are a fake Google crawler, then disable the rule that blocks fake google crawlers. Or if you were blocked because you were accessing your site too quickly, then increase the number of accesses allowed per minute. If you're still having trouble, then simply disable the Wordfence firewall and you will still benefit from the other security features that Wordfence provides. If you are a site administrator and have been accidentally locked out, please enter your email in the box below and click "Send". If the email address you enter belongs to a known site administrator or someone set to receive Wordfence alerts, we will send you an email to help you regain access. Please read this FAQ entry if this does not work. " Can anyone translate it into English?You're stuffed?
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Post by severnbeachline on Mar 23, 2016 20:30:38 GMT
I've tried the 'made in Bristol' link, but all I get is this message: "Your access to this site has been limited Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503) Reason: Access from your area has been temporarily limited for security reasons Important note for site admins: If you are the administrator of this website note that your access has been limited because you broke one of the Wordfence firewall rules. The reason you access was limited is: "Access from your area has been temporarily limited for security reasons". If this is a false positive, meaning that your access to your own site has been limited incorrectly, then you will need to regain access to your site, go to the Wordfence "options" page, go to the section for Firewall Rules and disable the rule that caused you to be blocked. For example, if you were blocked because it was detected that you are a fake Google crawler, then disable the rule that blocks fake google crawlers. Or if you were blocked because you were accessing your site too quickly, then increase the number of accesses allowed per minute. If you're still having trouble, then simply disable the Wordfence firewall and you will still benefit from the other security features that Wordfence provides. If you are a site administrator and have been accidentally locked out, please enter your email in the box below and click "Send". If the email address you enter belongs to a known site administrator or someone set to receive Wordfence alerts, we will send you an email to help you regain access. Please read this FAQ entry if this does not work. " Can anyone translate it into English? "Site is down, yo. Try again in a few minutes."
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Post by fanatical on Mar 23, 2016 20:54:24 GMT
Why didn't Carstairs object when Bristol Rugby sold some of the ground for housing?
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Mar 23, 2016 21:38:24 GMT
Why didn't Carstairs object when Bristol Rugby sold some of the ground for housing? Because that wasn't part of the site that was dedicated as the Memorial Ground, the land sold for housing was simply the training pitches. He may not have been living in Bristol at the time either.......
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Mar 23, 2016 22:06:13 GMT
Why didn't Carstairs object when Bristol Rugby sold some of the ground for housing? Because that wasn't part of the site that was dedicated as the Memorial Ground, the land sold for housing was simply the training pitches. He may not have been living in Bristol at the time either....... I'd have thought that the whole site was dedicated as a memorial and it was later Bristol Rugby Club decided to enclose part of it for their own ends?
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bs14gas
Robin. S. Layer
Joined: May 2014
Posts: 462
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Post by bs14gas on Mar 23, 2016 22:13:36 GMT
Just get the damn thing built! Pleeeease.
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Post by didlesknowmydad on Mar 24, 2016 0:26:18 GMT
You appear to speak with some authority? I'm intrigued! Absolutely no authority whatsoever, just a small involvement with certain aspects. Now that tells me something and nothing!
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dido
Predictions League
Peter Aitken
Joined: May 2014
Posts: 1,883
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Post by dido on Mar 24, 2016 8:26:51 GMT
1986gas is (possibly) to be the Attendant at the new UWE carpark.
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Post by Henbury Gas on Mar 24, 2016 9:29:05 GMT
1986gas is (possibly) to be the Attendant at the new UWE carpark. He used to do that a Bristol Zoo until they cotton on to him..
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