Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 14, 2019 1:09:31 GMT
That's one way of getting shot of one of those dud shirts with the Mintbet logo on I suppose. Bamber, please tell me that photo isn’t real. They are taking the p*ss on a scale not seen since we signed Wilf Smith in 1975. For the figurehead of a football club aspiring to be more professional than the previous administration he really is quite shameless isn’t he? |
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trymer
Joined: November 2018
Posts: 2,570 
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Post by trymer on May 14, 2019 5:31:14 GMT
I remember when people used to say about Santa's grotto 'what could be more embarrassing and pathetic'? well now we know the answer.
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Post by The Concept on May 14, 2019 6:26:50 GMT
Yo Smudger, wanna buy ma club? Wael: "I have invited my dear friend Will to come and watch Rovers in the Wild Wild West of England. Will: "It's a great jersey man, but I would have preferred one of those original Bad Boys from 1883, so I could have been just like The Men in Black Arabs shirts." |
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Igitur
Joined: June 2014
Posts: 2,294
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Post by Igitur on May 14, 2019 7:10:04 GMT
"These ain't quarters Wael."
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Post by a more piratey game on May 14, 2019 7:23:38 GMT
still no accounts filed - it will be over 3 weeks past the deadline after Easter? 6.5 weeks late now? share scheme investors continue to be treated poorly? |
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Post by Curly Wurly on May 14, 2019 22:36:36 GMT
still no accounts filed - it will be over 3 weeks past the deadline after Easter? 6.5 weeks late now? share scheme investors continue to be treated poorly? Apologies if I have missed it, but does the fan's representative(!) on the board have anything to say about the overdue accounts?
At least when BSS was in position, one had a fair chance of a comment, but has anyone had a chat with Ken about this?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 15, 2019 1:45:47 GMT
That's one way of getting shot of one of those dud shirts with the Mintbet logo on I suppose. Bamber, please tell me that photo isn’t real. They are taking the p*ss on a scale not seen since we signed Wilf Smith in 1975. What was wrong with wilf smith? I know he played in the 1966 cup final but i was playing by the time he played his 54 ish games for rovers so i only saw him play a few times. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 15, 2019 8:48:14 GMT
They are bankers. Even if the UWE deal doesn't come off, the asset value of the Memorial Stadium is more than the price paid for BRFC. So it's a no-brainer, isn't it? eppinggas. This is the line I keep quoting and some people can't quite grasp it. What exactly did they pay to buy? Rovers Pay off the loan? Yes then promptly put it back on the club as a loan Pay off directors loans? See above Buy the shares from the board? I don't think that happened part of the pay off the loans was they got the share foc. So in effect they got the club for nothing and are racking up interest charges of 6% per annum compound . Nice work if you can get it. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 15, 2019 16:10:26 GMT
They are bankers. Even if the UWE deal doesn't come off, the asset value of the Memorial Stadium is more than the price paid for BRFC. So it's a no-brainer, isn't it? eppinggas. This is the line I keep quoting and some people can't quite grasp it. What exactly did they pay to buy? Rovers Pay off the loan? Yes then promptly put it back on the club as a loan Pay off directors loans? See above Buy the shares from the board? I don't think that happened part of the pay off the loans was they got the share foc. So in effect they got the club for nothing and are racking up interest charges of 6% per annum compound . Nice work if you can get it. As I said, it was a no brainer and we sing from the same hymn sheet. |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,361
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Post by kingswood Polak on May 15, 2019 16:31:33 GMT
What exactly did they pay to buy? Rovers Pay off the loan? Yes then promptly put it back on the club as a loan Pay off directors loans? See above Buy the shares from the board? I don't think that happened part of the pay off the loans was they got the share foc. So in effect they got the club for nothing and are racking up interest charges of 6% per annum compound . Nice work if you can get it. As I said, it was a no brainer and we sing from the same hymn sheet. A fair few more are starting to get it now. Makes it very difficult to continually support a club that we know is not going to progress. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 15, 2019 20:42:43 GMT
What exactly did they pay to buy? Rovers Pay off the loan? Yes then promptly put it back on the club as a loan Pay off directors loans? See above Buy the shares from the board? I don't think that happened part of the pay off the loans was they got the share foc. So in effect they got the club for nothing and are racking up interest charges of 6% per annum compound . Nice work if you can get it. As I said, it was a no brainer and we sing from the same hymn sheet. You have to wonder what assurances they gave Higgs about the direction of the club for him to, in effect, hand it over for less than the value of the stadium? Or was it that he wasn't able to raise the money to build UWE, so off loading the club was a face-saving exercise? Or something else? Edit. Oooh, look, page 30 and we still have the same owners. And most confusing of all, despite someone insisting that things were happening 'early May', it's now the middle of the month and the silence is deafening. |
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Post by stroudblue on May 16, 2019 7:56:35 GMT
The owners are quiet because there is nothing to say. At the end of the day, he doesn't have BRFC in his heart just a toy/tax loss exercise I don't know. Certainly there is no passion there. Our friends across the city, have had wealthy chairman down the years who were life long supporters of the club they own.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,621
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Post by eppinggas on May 16, 2019 8:32:16 GMT
As I said, it was a no brainer and we sing from the same hymn sheet. You have to wonder what assurances they gave Higgs about the direction of the club for him to, in effect, hand it over for less than the value of the stadium? Or was it that he wasn't able to raise the money to build UWE, so off loading the club was a face-saving exercise? Or something else? Edit. Oooh, look, page 30 and we still have the same owners. And most confusing of all, despite someone insisting that things were happening 'early May', it's now the middle of the month and the silence is deafening. Nick Higgs had to off-load the Club as he didn't have the personal wealth to "lend" the Club money (even at 6% pa). Hence the wonga loan. The losses (though relatively small) were unsustainable. So thankfully he was never in a position to erode the equity in the Memorial Stadium. Unfortunately we are now owned by a bank. They put a charge on the Memorial Stadium and "loan" BRFC money at 6%. It is "lent" to BRFC against collateral. They have said that it is an "inter-company loan" that won't be called in and "we shouldn't worry about it". I worry about it. We all should. In the fullness of time I suspect that we will find that Dwane Sports have not spent 1p of their own money funding Bristol Rovers FC. For the record I don't think this was the original intention. However post-UWE, Dwane Sports find themselves in an impossible position and cannot find a way out of. The solution would appear to be to wait for a super-rich white knight to ride into town and buy the Club for what Dwane Sports paid for it, PLUS all the interest accrued on the "loan", PLUS the value of the equity that has been eroded over the last 3 years. I don't have an issue with running the Club on an even keel - even in a lower Division. But I do have a massive problem with incompetent, top-heavy senior management, non-essential staff, and that f*cki*g ridiculous London Office. The equity of the Football Club has been squandered by these idiots. For the record - I would love to be proved wrong on all points. UTG. |
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Captain Jayho
Andy Tillson
Straight outta burrington...
Joined: May 2014
Posts: 472
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Post by Captain Jayho on May 16, 2019 10:18:54 GMT
You have to wonder what assurances they gave Higgs about the direction of the club for him to, in effect, hand it over for less than the value of the stadium? Or was it that he wasn't able to raise the money to build UWE, so off loading the club was a face-saving exercise? Or something else? Edit. Oooh, look, page 30 and we still have the same owners. And most confusing of all, despite someone insisting that things were happening 'early May', it's now the middle of the month and the silence is deafening. Nick Higgs had to off-load the Club as he didn't have the personal wealth to "lend" the Club money (even at 6% pa). Hence the wonga loan. The losses (though relatively small) were unsustainable. So thankfully he was never in a position to erode the equity in the Memorial Stadium. Unfortunately we are now owned by a bank. They put a charge on the Memorial Stadium and "loan" BRFC money at 6%. It is "lent" to BRFC against collateral. They have said that it is an "inter-company loan" that won't be called in and "we shouldn't worry about it". I worry about it. We all should. In the fullness of time I suspect that we will find that Dwane Sports have not spent 1p of their own money funding Bristol Rovers FC. For the record I don't think this was the original intention. However post-UWE, Dwane Sports find themselves in an impossible position and cannot find a way out of. The solution would appear to be to wait for a super-rich white knight to ride into town and buy the Club for what Dwane Sports paid for it, PLUS all the interest accrued on the "loan", PLUS the value of the equity that has been eroded over the last 3 years. I don't have an issue with running the Club on an even keel - even in a lower Division. But I do have a massive problem with incompetent, top-heavy senior management, non-essential staff, and that f*cki*g ridiculous London Office. The equity of the Football Club has been squandered by these idiots. For the record - I would love to be proved wrong on all points. UTG. Got no idea if you are actually right about this or not - but for the record this is pretty much exactly what I think has happened as well. And it seems to me that the longer it now goes on the less likely it is that the white knight turns up. Unless there's some kind of ace up a sleeve somewhere then the club is surely becoming less and less of an attractive proposition for any investor or new owner. |
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Post by PessimistGas on May 16, 2019 11:14:05 GMT
Nick Higgs had to off-load the Club as he didn't have the personal wealth to "lend" the Club money (even at 6% pa). Hence the wonga loan. The losses (though relatively small) were unsustainable. So thankfully he was never in a position to erode the equity in the Memorial Stadium. Unfortunately we are now owned by a bank. They put a charge on the Memorial Stadium and "loan" BRFC money at 6%. It is "lent" to BRFC against collateral. They have said that it is an "inter-company loan" that won't be called in and "we shouldn't worry about it". I worry about it. We all should. In the fullness of time I suspect that we will find that Dwane Sports have not spent 1p of their own money funding Bristol Rovers FC. For the record I don't think this was the original intention. However post-UWE, Dwane Sports find themselves in an impossible position and cannot find a way out of. The solution would appear to be to wait for a super-rich white knight to ride into town and buy the Club for what Dwane Sports paid for it, PLUS all the interest accrued on the "loan", PLUS the value of the equity that has been eroded over the last 3 years. I don't have an issue with running the Club on an even keel - even in a lower Division. But I do have a massive problem with incompetent, top-heavy senior management, non-essential staff, and that f*cki*g ridiculous London Office. The equity of the Football Club has been squandered by these idiots. For the record - I would love to be proved wrong on all points. UTG. Got no idea if you are actually right about this or not - but for the record this is pretty much exactly what I think has happened as well. And it seems to me that the longer it now goes on the less likely it is that the white knight turns up. Unless there's some kind of ace up a sleeve somewhere then the club is surely becoming less and less of an attractive proposition for any investor or new owner. We are all surmising as no one really knows what is going on. But with the cloak and dagger, the secrecy, the confidentiality agreements, smoke and mirrors, are things really much different to how they were before? Compare and contrast with Accrington bloke. A club a fraction the size of us acheivieing it's potential with open and honest communication. I know vastly more about what's going on with them than I ever have with us and I only take a passing interest. It doesn't have to be like this. |
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Post by a more piratey game on May 16, 2019 13:26:48 GMT
still no accounts filed - it will be over 3 weeks past the deadline after Easter? 6.5 weeks late now? share scheme investors continue to be treated poorly? gaschat says 'AGM is on Tuesday 11th June at 19.30 at the Mem. Just received the notification in the post. Accounts only available to shareholders by email from Taylor Wessing.' |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 16, 2019 14:09:17 GMT
To date, there will have been a £100 charge for late filing. There will be another if not received by 30 June. Bigger all.
It seems likely the auditors didn't want to sign off. Either that or DS don't give a hoot.
Anyway, Linesy was mint for us.
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dido
Predictions League
Peter Aitken
Joined: May 2014
Posts: 1,883
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Post by dido on May 16, 2019 14:42:15 GMT
Will that be the mint with the hole?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on May 16, 2019 14:50:03 GMT
Will that be the mint with the hole? They went bust. |
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Post by One F in Dunford on May 16, 2019 16:09:36 GMT
To date, there will have been a £100 charge for late filing. There will be another if not received by 30 June. Bigger all. It seems likely the auditors didn't want to sign off. Either that or DS don't give a hoot. Anyway, Linesy was mint for us. I agree he was mint for us. I also can understand that League 2 is his current standard. Best of luck Linesy. |
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