|
|
Post by swissgas on Jul 17, 2019 0:20:13 GMT
But they won't have lost anything in running the show. Initial 7.2 million to repay the previous board and MSP Capital Further say 8.3 million to cover trading losses (running the show) excluding interest Interest say 2.0 million Total 17.5 million Mem sold for 17.5 million and loan of 17.5 million repaid I think you have been out in the sun  They had the equity in the stadium, it was there, realisable, now most of it is will need to be used to cover trading losses. That looks like a loss to me. This is beginning to feel a bit like trying to discuss actually running a business, rather than just reading a book about it, with our dear friend Oldie. 15.5 million loan plus 2 million interest = 17.5 million Sale of Mem = 17.5 million Financial result is return of capital plus 2 million interest |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 1:08:36 GMT
Wael hugs Tom Nichols. Total guesswork and speculation thread restarts. It's not all guesswork. The losses are itemised in the accounts. Thats true along with all the other EFL clubs. Its not some special unusual quirk that only applies to rovers. |
|
Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920 
|
Post by Peter Parker on Jul 17, 2019 7:06:11 GMT
I understand your hypothesis, but that is all it is a hypothesis, but feel we are talkinga long parallel lines
You are basically saying Wael is incapable (he may well be)
I am asking the real question (regardless of Wael's capabiliies) which is what/how is or how has Wael actually very really stopped anything as a mere 25% of Dwane Sports
Two developers want to buy the Mem, both offer the same price but as part of the deal one wants the football club and has the means to take it forward and provide a new stadium. This is in Rovers best interests but not Wael’s so understandably from the Al Qadi family standpoint they take the other deal which leaves Wael with the football club. Wael says ways he wants to act in the best interests of the football club and Nick Higgs spoke along similar lines. But at the end of the day most people act in what they perceive as their own interests. I would not be at all surprised if Nick had approaches from people who were far better placed than the Al Qadi family, financially and skill wise, to take Rovers forward but these people were not offering such generous compensation to the Rovers shareholders. We may be in a situation now where Wael could say “I’ve had a go and it hasn’t worked out so let someone with a better chance than me take over the club” If he did that he might be legitimately classed as a passionate Gashead with the club’s best interests at heart.
I missed the bit where you answered the question Swiss.
If's, but's and maybe's. I don't necessarily disagree with your hypothesis and whether it could happen or not. Maybe I am making it difficult by mentioning his stake in the club
I am more interested in, is there any REAL EVIDENCE that anything was in the pipeline for Wael to object to whatever the limits of Wael's capabailities in running the FC?
|
|
|
|
Post by fanatical on Jul 17, 2019 7:54:54 GMT
Two developers want to buy the Mem, both offer the same price but as part of the deal one wants the football club and has the means to take it forward and provide a new stadium. This is in Rovers best interests but not Wael’s so understandably from the Al Qadi family standpoint they take the other deal which leaves Wael with the football club. Wael says ways he wants to act in the best interests of the football club and Nick Higgs spoke along similar lines. But at the end of the day most people act in what they perceive as their own interests. I would not be at all surprised if Nick had approaches from people who were far better placed than the Al Qadi family, financially and skill wise, to take Rovers forward but these people were not offering such generous compensation to the Rovers shareholders. We may be in a situation now where Wael could say “I’ve had a go and it hasn’t worked out so let someone with a better chance than me take over the club” If he did that he might be legitimately classed as a passionate Gashead with the club’s best interests at heart.
I missed the bit where you answered the question Swiss.
If's, but's and maybe's. I don't necessarily disagree with your hypothesis and whether it could happen or not. Maybe I am making it difficult by mentioning his stake in the club
I am more interested in, is there any REAL EVIDENCE that anything was in the pipeline for Wael to object to whatever the limits of Wael's capabailities in running the FC?
you will find out soon enough |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 9:22:42 GMT
It's not all guesswork. The losses are itemised in the accounts. Thats true along with all the other EFL clubs. Its not some special unusual quirk that only applies to rovers. Who said that it was? |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 9:23:23 GMT
I missed the bit where you answered the question Swiss.
If's, but's and maybe's. I don't necessarily disagree with your hypothesis and whether it could happen or not. Maybe I am making it difficult by mentioning his stake in the club
I am more interested in, is there any REAL EVIDENCE that anything was in the pipeline for Wael to object to whatever the limits of Wael's capabailities in running the FC?
you will find out soon enough Stop it, you're just making yourself look silly. |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 9:38:23 GMT
I think you have been out in the sun They had the equity in the stadium, it was there, realisable, now most of it is will need to be used to cover trading losses. That looks like a loss to me. This is beginning to feel a bit like trying to discuss actually running a business, rather than just reading a book about it, with our dear friend Oldie. 15.5 million loan plus 2 million interest = 17.5 million Sale of Mem = 17.5 million Financial result is return of capital plus 2 million interest Assuming that's an accurate valuation of the stadium then that would be true, however, as you are well aware, had they bailed out a couple of years ago, on these figures, they would have walked away with several million in their back pockets, so from that day to this, on this investment in isolation, they've reduced their nett worth. I call that a loss. |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 11:14:14 GMT
you will find out soon enough Stop it, you're just making yourself look silly. I think that ship may have sailed. |
|
vaughan
Joined: June 2014
Posts: 1,237
|
Post by vaughan on Jul 17, 2019 12:05:31 GMT
I am not sure if we are any further forward in this discussion.
I have no info BTW.
One observation.
It does not seem to me that Wael is thinking of leaving the club. If anything, he seems to have a spring in his step.
My bet is that the status quo aka evolution will continue for a while longer.
Why? He doesn't want to give it up and knows that he is not going to be lynched by some internal sceptics.
|
|
irishrover
Global Moderator
Joined: June 2014
Posts: 3,372
|
Post by irishrover on Jul 17, 2019 12:10:54 GMT
Stop it, you're just making yourself look silly. I think that ship may have sailed. Only sailed?
I'd say most contributers to this thread sailed off long ago...Then they docked, unloaded their cargo and sailed back for another trip. Some have even introduced additional ships to their fleet.
|
|
vaughan
Joined: June 2014
Posts: 1,237
|
Post by vaughan on Jul 17, 2019 12:14:37 GMT
Brilliant Irish.
|
|
|
|
Post by swissgas on Jul 17, 2019 12:46:54 GMT
I think that ship may have sailed. Only sailed?
I'd say most contributers to this thread sailed off long ago...Then they docked, unloaded their cargo and sailed back for another trip. Some have even introduced additional ships to their fleet.
You're being a nautical buoy Irish. |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 12:57:22 GMT
It's not all guesswork. The losses are itemised in the accounts. Thats true along with all the other EFL clubs. Its not some special unusual quirk that only applies to rovers. What is unique to Rovers (and how the other clubs referred to) is how that debt is to be sustained and eventually paid back. Any ideas what Rovers plan is for that? |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 13:02:08 GMT
I understand your hypothesis, but that is all it is a hypothesis, but feel we are talkinga long parallel lines
You are basically saying Wael is incapable (he may well be)
I am asking the real question (regardless of Wael's capabiliies) which is what/how is or how has Wael actually very really stopped anything as a mere 25% of Dwane Sports
Two developers want to buy the Mem, both offer the same price but as part of the deal one wants the football club and has the means to take it forward and provide a new stadium. This is in Rovers best interests but not Wael’s so understandably from the Al Qadi family standpoint they take the other deal which leaves Wael with the football club. Wael says ways he wants to act in the best interests of the football club and Nick Higgs spoke along similar lines. But at the end of the day most people act in what they perceive as their own interests. I would not be at all surprised if Nick had approaches from people who were far better placed than the Al Qadi family, financially and skill wise, to take Rovers forward but these people were not offering such generous compensation to the Rovers shareholders. We may be in a situation now where Wael could say “I’ve had a go and it hasn’t worked out so let someone with a better chance than me take over the club” If he did that he might be legitimately classed as a passionate Gashead with the club’s best interests at heart. I can quite well imagine that the AQ’s preferred buyer is someone who will give them the biggest profit on a sale, their next preferred buyer would be the one that allows them to walk off into the sunset with their money whilst retaining Wael and therefore keeping Wael occupied playing with his train set while the rest of the family concentrate on the real business. So for me, it is a very real and present danger that Wael staying on board is a vital and potentially calamitous issue that could scupper a sale. |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 17, 2019 22:01:34 GMT
Thats true along with all the other EFL clubs. Its not some special unusual quirk that only applies to rovers. What is unique to Rovers (and how the other clubs referred to) is how that debt is to be sustained and eventually paid back. Any ideas what Rovers plan is for that? Thats rubbish though,all the clubs that have debt have the same problem. Whats unique about rovers debt? |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 18, 2019 9:38:43 GMT
What is unique to Rovers (and how the other clubs referred to) is how that debt is to be sustained and eventually paid back. Any ideas what Rovers plan is for that? Thats rubbish though,all the clubs that have debt have the same problem. Whats unique about rovers debt? Strewth, the point I’m making is that debt itself is not unique- everyone has it and generates it the same way through the same operating costs. But not everyone has the same means to pay their debt off, some have very rich owners, others like Fleetwood have extensive facilities outside of match days. Rovers however have few extra revenue streams in our dilapidated stadium and don’t even own our own training facilities. So I will ask again: what is the plan for paying Rovers debts off? |
|
vaughan
Joined: June 2014
Posts: 1,237
|
Post by vaughan on Jul 18, 2019 11:07:17 GMT
After Eastville, we all have our nightmare scenarios on what could happen to the ground.
We seem to be powerless to avoid a sale of our only asset to pay off debts, if that is the hard-nosed DS determine that this is the route to go.
That is why over a year ago, I was banging on about reputational damage to Wael as our best protection.
However, I have "heard" since that there was a clause put into the sale to DS preventing them from selling the Mem unless we had a permanent home in or around Bristol to move into.
If this clause does exist (has anyone bothered to find out, perhaps asked Nick Higgs?), this would make us all feel less jumpy.
|
|
vaughan
Joined: June 2014
Posts: 1,237
|
Post by vaughan on Jul 18, 2019 11:15:47 GMT
Powerless in that we never achieved the percentage share ownership via the Share Scheme to prevent a doomsday scenario.
Nick Higgs must have realised that this was the biggest risk to selling the club to foreign investment bankers aka Dwayne Sports?
The question is did he insert a watertight clause to prevent them selling the ground, like Bill Archer did ref the Goldstone Ground at Brighton.
|
|
|
|
Post by PessimistGas on Jul 18, 2019 11:23:43 GMT
After Eastville, we all have our nightmare scenarios on what could happen to the ground. We seem to be powerless to avoid a sale of our only asset to pay off debts, if that is the hard-nosed DS determine that this is the route to go. That is why over a year ago, I was banging on about reputational damage to Wael as our best protection. However, I have "heard" since that there was a clause put into the sale to DS preventing them from selling the Mem unless we had a permanent home in or around Bristol to move into. If this clause does exist (has anyone bothered to find out, perhaps asked Nick Higgs?), this would make us all feel less jumpy. I remember everyone banging on about the reputational damage to Sainsbury's. There wasn't any. |
|
Deleted
Joined: January 1970
Posts: 0
|
Post by Deleted on Jul 18, 2019 11:25:50 GMT
After Eastville, we all have our nightmare scenarios on what could happen to the ground. We seem to be powerless to avoid a sale of our only asset to pay off debts, if that is the hard-nosed DS determine that this is the route to go. That is why over a year ago, I was banging on about reputational damage to Wael as our best protection. However, I have "heard" since that there was a clause put into the sale to DS preventing them from selling the Mem unless we had a permanent home in or around Bristol to move into. If this clause does exist (has anyone bothered to find out, perhaps asked Nick Higgs?), this would make us all feel less jumpy. I asked and was told it does exist but when I asked if BRFC 1883 ltd were placed into administration or receivership would Dwane Sports be able to force a sell to recover their loans the ex director I asked wasn’t so confident. |
|
