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Post by droitwichgas on Nov 19, 2018 19:20:39 GMT
The Colony is owned by Dwane Sports and they paid £2mil for it. A price tag of £25mil with the Colony thrown in for good measure... is still IMHO totally unrealistic. it might be unrealistic, just wondering whether any sale by The Al-Qadi's is factoring in 29 acres of land at The Colony site especially if it is Southampton, Hampshire, Liverpool, Reading, Isle of Man Builders who are apparently buying us this weekWhere's that nugget of info come from as nobody else has suggested a deal is that close? I'm not convinced The Colony site has any additional value as development potential as it's all green belt and S Glos seem committed to keeping a "green necklace" that side of the M5. |
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Deleted
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Post by Deleted on Nov 19, 2018 19:32:17 GMT
I went in West Enclosure on Sat. When floodlights were on, it could have been 1982 at Eastville, given the state of the ground. Basic! Hard to justify why so little has been spent. But they have spent considerably more on the ground/pitch than the previous owners. |
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vaughan
Joined: June 2014
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Post by vaughan on Nov 19, 2018 19:41:05 GMT
Indeed. Pitch is excellent, even better than Wembley.
I literally stumbled onto a MadeinBristol programme which featured a drone taking aerial shots of Mem and Keith Brookman providing history.
The good news is that there is room to expand based on aerial perspective.
I would prefer UWE though.
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Post by droitwichgas on Nov 19, 2018 21:00:43 GMT
I went in West Enclosure on Sat. When floodlights were on, it could have been 1982 at Eastville, given the state of the ground. Basic! Hard to justify why so little has been spent. But they have spent considerably more on the ground/pitch than the previous owners. One win league win at home this season suggests that wasn't the wisest move! I feel comparing the Mem to Eastville is a bit of an insult.....to Eastville as we never had, or needed, tents at the latter. |
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Deleted
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Post by Deleted on Nov 19, 2018 21:50:01 GMT
But they have spent considerably more on the ground/pitch than the previous owners. One win league win at home this season suggests that wasn't the wisest move! I feel comparing the Mem to Eastville is a bit of an insult.....to Eastville as we never had, or needed, tents at the latter. I believe you should always strive to have a good playing surface like we have now. I suppose "vaughan" was comparing it to eastville in 1982 because it was a decrepit run down dump by then. |
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Deleted
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Post by Deleted on Nov 20, 2018 0:42:55 GMT
I went in West Enclosure on Sat. When floodlights were on, it could have been 1982 at Eastville, given the state of the ground. Basic! Hard to justify why so little has been spent. But they have spent considerably more on the ground/pitch than the previous owners. Yes, the previous owners are truly the highest of bars. They can both be crap. |
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Deleted
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Post by Deleted on Nov 20, 2018 1:24:36 GMT
But they have spent considerably more on the ground/pitch than the previous owners. Yes, the previous owners are truly the highest of bars. They can both be crap. Agree. The new owners are better known for what they have failed to deliver rather than what they have. |
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Post by swissgas on Nov 20, 2018 14:50:49 GMT
On reflection I think the specific reason for the charge was that the original deal left £930 000 still owing to two former shareholders and in the aftermath of the take over Dwane soon realized the position they were in and indicated that the £930 000 may not be repaid. But they were probably advised that if a successful action was taken to force repayment the plaintiffs could obtain a charge over the Mem to secure what they were owed. And so they made a preemptive strike by placing their own first charge over the Mem. In the end common sense prevailed and a "proportionate amount" of £722 000 was paid to the former shareholders as shown in the June 2017 accounts. do you know why the discount swiss - surely not a sign of things not being what they were told they were? The note in the accounts doesn't say the rest has been written off it says the proportionate amount of £722 000 was paid within the terms of the sale agreement so the balance of £208 000 is probably still owed and shown within other creditors. If you look at the snippets of evidence we have over the past 2 3/4 years I think you can easily reach the conclusion that Steve Hamer's comment in the early days about there being a difference in business culture between Jordan and Britain was highly relevant. In other cultures those with significant wealth may be used to having the power to ride roughshod over legally binding agreements which they cannot do in Britain. And likewise there may be a tendency to believe that, when faced with their apparent strength, a public body (such as the UWE) would back down and be willing to grant concessions unavailable to those perceived as weaker. This is a polite way of saying that Dwane Sports may have thought that what they can do in Jordan they could also do in Britain and it has backfired on them. |
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Deleted
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Post by Deleted on Nov 20, 2018 17:08:08 GMT
do you know why the discount swiss - surely not a sign of things not being what they were told they were? The note in the accounts doesn't say the rest has been written off it says the proportionate amount of £722 000 was paid within the terms of the sale agreement so the balance of £208 000 is probably still owed and shown within other creditors. If you look at the snippets of evidence we have over the past 2 3/4 years I think you can easily reach the conclusion that Steve Hamer's comment in the early days about there being a difference in business culture between Jordan and Britain was highly relevant. In other cultures those with significant wealth may be used to having the power to ride roughshod over legally binding agreements which they cannot do in Britain. And likewise there may be a tendency to believe that, when faced with their apparent strength, a public body (such as the UWE) would back down and be willing to grant concessions unavailable to those perceived as weaker. This is a polite way of saying that Dwane Sports may have thought that what they can do in Jordan they could also do in Britain and it has backfired on them. When questioned about that charge Wael sounded as if he was saying that there wasn't a reason for it, it was being placed there, and I'll have to paraphrase here, ''because in business you never know what can happen tomorrow''. If what you suggest is correct, he knew exactly what was coming tomorrow and the charge was to prevent it! Did we decide for ourselves that all debt was internal, or were we told this by the club? I would have thought that Hamer could have explained UK business practice, but then again.... Having said that, they would have just seen Sainsbury's wriggle out of a contract with ease, so that may have given them ideas about how things are done here? What a mess. |
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Post by splitter on Nov 20, 2018 17:23:21 GMT
do you know why the discount swiss - surely not a sign of things not being what they were told they were? The note in the accounts doesn't say the rest has been written off it says the proportionate amount of £722 000 was paid within the terms of the sale agreement so the balance of £208 000 is probably still owed and shown within other creditors. If you look at the snippets of evidence we have over the past 2 3/4 years I think you can easily reach the conclusion that Steve Hamer's comment in the early days about there being a difference in business culture between Jordan and Britain was highly relevant. In other cultures those with significant wealth may be used to having the power to ride roughshod over legally binding agreements which they cannot do in Britain. And likewise there may be a tendency to believe that, when faced with their apparent strength, a public body (such as the UWE) would back down and be willing to grant concessions unavailable to those perceived as weaker. This is a polite way of saying that Dwane Sports may have thought that what they can do in Jordan they could also do in Britain and it has backfired on them. Do you have any direct dealings with them that suggest that this "Jordanian Way" is actually true? Has anyone from UWE said that they felt that they were being bullied? Whatever they AlQadi's do, you always seem to have a negative spin. In the last couple of days, a rumour emerged that a possible new owner had tried to negotiate with UWE and met resistance. Were they also trying to negotiate in the "Jordanian way"? |
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,619
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Post by eppinggas on Nov 20, 2018 17:36:00 GMT
The note in the accounts doesn't say the rest has been written off it says the proportionate amount of £722 000 was paid within the terms of the sale agreement so the balance of £208 000 is probably still owed and shown within other creditors. If you look at the snippets of evidence we have over the past 2 3/4 years I think you can easily reach the conclusion that Steve Hamer's comment in the early days about there being a difference in business culture between Jordan and Britain was highly relevant. In other cultures those with significant wealth may be used to having the power to ride roughshod over legally binding agreements which they cannot do in Britain. And likewise there may be a tendency to believe that, when faced with their apparent strength, a public body (such as the UWE) would back down and be willing to grant concessions unavailable to those perceived as weaker. This is a polite way of saying that Dwane Sports may have thought that what they can do in Jordan they could also do in Britain and it has backfired on them. When questioned about that charge Wael sounded as if he was saying that there wasn't a reason for it, it was being placed there, and I'll have to paraphrase here, ''because in business you never know what can happen tomorrow''. If what you suggest is correct, he knew exactly what was coming tomorrow and the charge was to prevent it! 1. Did we decide for ourselves that all debt was internal, or were we told this by the club? 2. I would have thought that Hamer could have explained UK business practice, but then again.... Having said that, they would have just seen Sainsbury's wriggle out of a contract with ease, so that may have given them ideas about how things are done here? 3. What a mess.1. The accounts show that BRFC owe Dwane Sports £Xmil, and DS have no external borrowing (I'm sure someone will correct me if I'm wrong). 2. Steve Hamer - would appear to have no purpose. Or clue. Wonder when his contract is up? 3. One thing we are pretty much all agreed on (apart from possibly Vertigo). |
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Deleted
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Post by Deleted on Nov 20, 2018 18:36:23 GMT
When questioned about that charge Wael sounded as if he was saying that there wasn't a reason for it, it was being placed there, and I'll have to paraphrase here, ''because in business you never know what can happen tomorrow''. If what you suggest is correct, he knew exactly what was coming tomorrow and the charge was to prevent it! 1. Did we decide for ourselves that all debt was internal, or were we told this by the club? 2. I would have thought that Hamer could have explained UK business practice, but then again.... Having said that, they would have just seen Sainsbury's wriggle out of a contract with ease, so that may have given them ideas about how things are done here? 3. What a mess.1. The accounts show that BRFC owe Dwane Sports £Xmil, and DS have no external borrowing (I'm sure someone will correct me if I'm wrong). 2. Steve Hamer - would appear to have no purpose. Or clue. Wonder when his contract is up? 3. One thing we are pretty much all agreed on (apart from possibly Vertigo). Has anybody seen Dwane Sports accounts? |
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Post by swissgas on Nov 20, 2018 19:41:08 GMT
The note in the accounts doesn't say the rest has been written off it says the proportionate amount of £722 000 was paid within the terms of the sale agreement so the balance of £208 000 is probably still owed and shown within other creditors. If you look at the snippets of evidence we have over the past 2 3/4 years I think you can easily reach the conclusion that Steve Hamer's comment in the early days about there being a difference in business culture between Jordan and Britain was highly relevant. In other cultures those with significant wealth may be used to having the power to ride roughshod over legally binding agreements which they cannot do in Britain. And likewise there may be a tendency to believe that, when faced with their apparent strength, a public body (such as the UWE) would back down and be willing to grant concessions unavailable to those perceived as weaker. This is a polite way of saying that Dwane Sports may have thought that what they can do in Jordan they could also do in Britain and it has backfired on them. Do you have any direct dealings with them that suggest that this "Jordanian Way" is actually true? Has anyone from UWE said that they felt that they were being bullied? Whatever they AlQadi's do, you always seem to have a negative spin. In the last couple of days, a rumour emerged that a possible new owner had tried to negotiate with UWE and met resistance. Were they also trying to negotiate in the "Jordanian way"? Steve Hamer said there is a difference between business culture in Jordan and that in Britain and I think he is correct. I am not saying that one way is right and the other way is wrong but simply putting forward the proposition that Dwane Sports misjudged the situation because in their business culture the perception of strength and power is more likely to change a negotiating position than it is in British business culture. I do know for a fact that in June 2016 Dwane Sports were trying to revamp the deal with UWE so they must have purchased the club knowing they would have to renegotiate and felt confident they had the means to persuade UWE to make concessions. I was as pleased as anyone when the takeover was announced and, like many fans, wrote to Wael to offer best wishes. Some things, such as the way Michael Cunnah, Lee Atkins and Will Dubey were paraded, made me uneasy but even when those three disappeared virtually without trace I didn't comment. It was not until over twelve months after the takeover, when the accounts were published, that I commented negatively about the funding being 100% through interest bearing debt because I hold strong opinions about that. In June 2017 when the charge was registered against the Mem I expressed concern because this is not a normal thing for a 92% controlling shareholder to do and the excuse Wael gave was extremely lame. Following on from this I have been critical of the way Wael has conducted himself and again this may be rooted in the business culture difference. I realize I am treading a fine line here but I do think that in a country where wealth and a world class private education is restricted to very few people there may be a tendency for that elite few to expect others to believe them purely out of a sense of deference and because of this they may feel no obligation to substantiate what they are saying. Many fans on both forums seem mystified by what Dwane Sports are doing and why so I am just putting forward a possible explanation. |
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Post by Colyton Gas. on Nov 20, 2018 19:47:41 GMT
Superbly articulated my friend. I no longer accept the 'Can't tell you anything due to a confidentiality clause' stuff and suspect our leaders are out of their depth.-Whoever our leaders may be!!!!
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Post by o2o2bo2ba on Nov 20, 2018 19:52:26 GMT
Having read all the information presented, this thread over and over, it's plainly obvious to me Dwayne Sports wanted legitimate business interests in UK, and got the ball rolling with preying on Higgs buffoonery.
Then appointment of a more educated buffoon chairman to airbrush any mistakes as he appears to be not have a clue what's going on, and even less knowledge about co presenting live commentary.
All this goes on while a London branch is opened. Few questions asked. Funds siphoned off in that direction, all the while it's a front for a high end knocking shop!
The rose tinters still think we are being saved.
The cynics think the saving hasn't even begun yet.
And all of us are just waiting for the next installment of 'print that'..
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harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,578
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Post by harrybuckle on Nov 20, 2018 20:41:59 GMT
Having read all the information presented, this thread over and over, it's plainly obvious to me Dwayne Sports wanted legitimate business interests in UK, and got the ball rolling with preying on Higgs buffoonery. Then appointment of a more educated buffoon chairman to airbrush any mistakes as he appears to be not have a clue what's going on, and even less knowledge about co presenting live commentary. All this goes on while a London branch is opened. Few questions asked. Funds siphoned off in that direction, all the while it's a front for a high end knocking shop! The rose tinters still think we are being saved. The cynics think the saving hasn't even begun yet. And all of us are just waiting for the next installment of 'print that'.. so lets get this correct …..you are saying is that Hani was on the grassy knole with a smoking gun in 1963 ? |
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Post by o2o2bo2ba on Nov 20, 2018 21:12:41 GMT
Having read all the information presented, this thread over and over, it's plainly obvious to me Dwayne Sports wanted legitimate business interests in UK, and got the ball rolling with preying on Higgs buffoonery. Then appointment of a more educated buffoon chairman to airbrush any mistakes as he appears to be not have a clue what's going on, and even less knowledge about co presenting live commentary. All this goes on while a London branch is opened. Few questions asked. Funds siphoned off in that direction, all the while it's a front for a high end knocking shop! The rose tinters still think we are being saved. The cynics think the saving hasn't even begun yet. And all of us are just waiting for the next installment of 'print that'.. so lets get this correct …..you are saying is that Hani was on the grassy knole with a smoking gun in 1963 ? Smoking grass in Knowle in 1963? I wouldn't know anything about that, dear chap. |
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Deleted
Joined: January 1970
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Post by Deleted on Nov 20, 2018 22:54:17 GMT
Do you have any direct dealings with them that suggest that this "Jordanian Way" is actually true? Has anyone from UWE said that they felt that they were being bullied? Whatever they AlQadi's do, you always seem to have a negative spin. In the last couple of days, a rumour emerged that a possible new owner had tried to negotiate with UWE and met resistance. Were they also trying to negotiate in the "Jordanian way"? Steve Hamer said there is a difference between business culture in Jordan and that in Britain and I think he is correct. I am not saying that one way is right and the other way is wrong but simply putting forward the proposition that Dwane Sports misjudged the situation because in their business culture the perception of strength and power is more likely to change a negotiating position than it is in British business culture. I do know for a fact that in June 2016 Dwane Sports were trying to revamp the deal with UWE so they must have purchased the club knowing they would have to renegotiate and felt confident they had the means to persuade UWE to make concessions. I was as pleased as anyone when the takeover was announced and, like many fans, wrote to Wael to offer best wishes. Some things, such as the way Michael Cunnah, Lee Atkins and Will Dubey were paraded, made me uneasy but even when those three disappeared virtually without trace I didn't comment. It was not until over twelve months after the takeover, when the accounts were published, that I commented negatively about the funding being 100% through interest bearing debt because I hold strong opinions about that. In June 2017 when the charge was registered against the Mem I expressed concern because this is not a normal thing for a 92% controlling shareholder to do and the excuse Wael gave was extremely lame. Following on from this I have been critical of the way Wael has conducted himself and again this may be rooted in the business culture difference. I realize I am treading a fine line here but I do think that in a country where wealth and a world class private education is restricted to very few people there may be a tendency for that elite few to expect others to believe them purely out of a sense of deference and because of this they may feel no obligation to substantiate what they are saying. Many fans on both forums seem mystified by what Dwane Sports are doing and why so I am just putting forward a possible explanation. The "sense of deference to the wealthy" stuff as a reason for the lack of communication is just a theory and nothing more. A guess in fact amongst a sea of guesswork here and on gaschat. |
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Post by fanatical on Nov 21, 2018 10:37:11 GMT
Do you have any direct dealings with them that suggest that this "Jordanian Way" is actually true? Has anyone from UWE said that they felt that they were being bullied? Whatever they AlQadi's do, you always seem to have a negative spin. In the last couple of days, a rumour emerged that a possible new owner had tried to negotiate with UWE and met resistance. Were they also trying to negotiate in the "Jordanian way"? Steve Hamer said there is a difference between business culture in Jordan and that in Britain and I think he is correct. I am not saying that one way is right and the other way is wrong but simply putting forward the proposition that Dwane Sports misjudged the situation because in their business culture the perception of strength and power is more likely to change a negotiating position than it is in British business culture. I do know for a fact that in June 2016 Dwane Sports were trying to revamp the deal with UWE so they must have purchased the club knowing they would have to renegotiate and felt confident they had the means to persuade UWE to make concessions. I was as pleased as anyone when the takeover was announced and, like many fans, wrote to Wael to offer best wishes. Some things, such as the way Michael Cunnah, Lee Atkins and Will Dubey were paraded, made me uneasy but even when those three disappeared virtually without trace I didn't comment. It was not until over twelve months after the takeover, when the accounts were published, that I commented negatively about the funding being 100% through interest bearing debt because I hold strong opinions about that. In June 2017 when the charge was registered against the Mem I expressed concern because this is not a normal thing for a 92% controlling shareholder to do and the excuse Wael gave was extremely lame. Following on from this I have been critical of the way Wael has conducted himself and again this may be rooted in the business culture difference. I realize I am treading a fine line here but I do think that in a country where wealth and a world class private education is restricted to very few people there may be a tendency for that elite few to expect others to believe them purely out of a sense of deference and because of this they may feel no obligation to substantiate what they are saying. Many fans on both forums seem mystified by what Dwane Sports are doing and why so I am just putting forward a possible explanation. Interesting view and well put |
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Deleted
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Post by Deleted on Nov 21, 2018 12:15:25 GMT
So wael turns up in the uk expecting everyone to fall at his feet and show deference to his mighty and obvious wealth?
I mean this was his first ever journey outside jordan and apart from the above he also noticed it was very cold and there were no camels to be seen anywhere!
"what a strange place" thought wael,"i will just have to hide away from all these people who dont know there place in society"
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