Deleted
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Post by Deleted on Nov 11, 2019 10:12:29 GMT
The only way I see the current owners getting their money back will be by separating ownership of the stadium from the club. How this will be achieved remains to be seen but going back to leasing a stadium owned by a third party with no interest in football would be a sad case of history repeating itself.
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eppinggas
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Ian Alexander
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Post by eppinggas on Nov 11, 2019 11:34:59 GMT
It really is very basic. When Dwane Sports finally get rid of the mill-stone round their necks that is BRFC... The sale price will include the interest that has been accruing on the loan. This is THE PLAN. It is of course a flawed plan because they need to find a buyer. "Should" they sell - THAT is when they get their cash. For they are bankers. Shall I repeat it one last time for the hard of understanding - they are bankers. Clever accounting? Get out of here. These people are idiots. You're over-analysing. This is the hell-hole they find themselves in. A financial vicious circle. Each month that passes, the sale price goes up to take into account their ongoing losses. So a potential sale becomes less likely. you are turning into swiss (which would be a very good thing in most respects).... your words; The sale price will include the interest that has been accruing on the loan my words; it might be there to influence sale negotiations, or maybe to mitigate potential capital gains tax on a sale (by reducing the booked profit) You are guessing and over-analysing.your words; Clever accounting my words; It's very very basic. 'Accounting 101' as our transatlantic cousins might say yours words; You're over-analysing my words; they haven't taken cash out of the business my words: They are idiots. your words: Dwane Sports are smart business people and they know exactly what they are doing. The long term strategy is clear. The Club is in no danger. Evolution not revolution eh? |
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Post by swissgas on Nov 11, 2019 14:41:40 GMT
It really is very basic. When Dwane Sports finally get rid of the mill-stone round their necks that is BRFC... The sale price will include the interest that has been accruing on the loan. This is THE PLAN. It is of course a flawed plan because they need to find a buyer. "Should" they sell - THAT is when they get their cash. For they are bankers. Shall I repeat it one last time for the hard of understanding - they are bankers. Clever accounting? Get out of here. These people are idiots. You're over-analysing. This is the hell-hole they find themselves in. A financial vicious circle. Each month that passes, the sale price goes up to take into account their ongoing losses. So a potential sale becomes less likely. you are turning into swiss (which would be a very good thing in most respects).... your words; The sale price will include the interest that has been accruing on the loan my words; it might be there to influence sale negotiations, or maybe to mitigate potential capital gains tax on a sale (by reducing the booked profit) your words; Clever accounting my words; It's very very basic. 'Accounting 101' as our transatlantic cousins might say yours words; You're over-analysing my words; they haven't taken cash out of the business You have rumbled me ampg ! As Vaughan revealed many months ago I am sitting here on my atoll with pussy in lap and, yes, eppinggas is one of my agents code name Forest Cat. I thought the disguise of wig, false beer belly and vacant look would work but obviously you have seen through it. My quest for domination continues (don't titter) but there is no Capital gains tax in Jersey. |
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Post by a more piratey game on Nov 11, 2019 15:38:12 GMT
you are turning into swiss (which would be a very good thing in most respects).... You have rumbled me ampg !As Vaughan revealed many months ago I am sitting here on my atoll with pussy in lap and, yes, eppinggas is one of my agents code name Forest Cat. I thought the disguise of wig, false beer belly and vacant look would work but obviously you have seen through it. My quest for domination continues (don't titter) but there is no Capital gains tax in Jersey. gotta question your recruitment policy then swiss - Forest Cat might better be named Pub Dog, so keen is he on the places. Unlike most of us, though, he would actually need a false beer belly as to CGT in Jersey, if memory serves you preferred the Swiss-German train ;-) |
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eppinggas
Administrator
Ian Alexander
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Post by eppinggas on Nov 12, 2019 10:46:29 GMT
As Vaughan revealed many months ago I am sitting here on my atoll with pussy in lap and, yes, eppinggas is one of my agents code name Forest Cat. I thought the disguise of wig, false beer belly and vacant look would work but obviously you have seen through it. My quest for domination continues (don't titter) but there is no Capital gains tax in Jersey. gotta question your recruitment policy then swiss - Forest Cat might better be named Pub Dog, so keen is he on the places. Unlike most of us, though, he would actually need a false beer belly as to CGT in Jersey, if memory serves you preferred the Swiss-German train ;-) "Pub Dog". How very dare you. I've been called worse to be fair. Suggest you book a table sharpish in one of the poncey over-priced wine bars round Leadenhall Market for a long and very liquid "business lunch". Pot. Kettle. Sir! |
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Deleted
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Posts: 0
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Post by Deleted on Nov 12, 2019 11:24:13 GMT
The only way I see the current owners getting their money back will be by separating ownership of the stadium from the club. How this will be achieved remains to be seen but going back to leasing a stadium owned by a third party with no interest in football would be a sad case of history repeating itself. I think that could be a best case scenario. Just as likely is that we find that the contract the sell The Mem is 'watertight' but the one to force the developers to build a stadium / arena won't be quite so 'watertight'. Dangerous times. Let me ask you this, if you owned that Fruit Market site, what would you rather stick on it, mixed use, the same as all of the other developments stretching right along the riverside, all the way to the City centre, or a stadium that will produce a fraction of the revenue and will have a tenant in an unsecure market, who, if they go to the wall, has no replacement coming in to the market behind them? Consider also the viability of the stadium as an arena, when YTL are doing their thing in Filton. I sure as heck hope that if the club is sold whoever buys it is committed and we don't use the same people to agree the contract that we used when Sainsbury's rolled us over. |
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Post by a more piratey game on Nov 13, 2019 20:45:57 GMT
I just listened to Marvin being interviewed on RadBris today. The interviewer tried really hard to get something out of him, but he wasn't squeaking (and did a very good job of handling it, I thought). There has clearly been chats though
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Post by a more piratey game on Nov 22, 2019 9:32:41 GMT
Ali Durden tweet half an hour ago.....
#BristolRovers: Al Qadis now in discussions with more than one group. Family seem keen on a deal where they retain a small % of ownership. Asking price too high at present. Sources closes to Fruit Market consortium insist that deal is still alive.
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8:57 AM - Nov 22, 2019
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Post by a more piratey game on Nov 22, 2019 14:46:41 GMT
Ali Durden tweet half an hour ago..... #BristolRovers: Al Qadis now in discussions with more than one group. Family seem keen on a deal where they retain a small % of ownership. Asking price too high at present. Sources closes to Fruit Market consortium insist that deal is still alive. 8:57 AM - Nov 22, 2019 my take - the AQs are trying to bid up the price by suggesting other parties are interested |
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Post by shineongas on Nov 22, 2019 16:05:50 GMT
Ali Durden tweet half an hour ago..... #BristolRovers: Al Qadis now in discussions with more than one group. Family seem keen on a deal where they retain a small % of ownership. Asking price too high at present. Sources closes to Fruit Market consortium insist that deal is still alive. 8:57 AM - Nov 22, 2019 my take - the AQs are trying to bid up the price by suggesting other parties are interested Yeah - As Chairman Higgs did to them. |
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Deleted
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Post by Deleted on Nov 22, 2019 18:45:48 GMT
as we speak ali durden is on points west saying 3 buyers
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Post by billyocean on Nov 22, 2019 19:30:59 GMT
as we speak ali durden is on points west saying 3 buyers I saw that too. I would have recorded and shared but I got a warning from Vimeo last time I uploaded Points West. Seemed a bit harsh. It’s the hope that kills you |
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Post by stewy2016 on Nov 22, 2019 20:06:27 GMT
as we speak ali durden is on points west saying 3 buyers I saw that too. I would have recorded and shared but I got a warning from Vimeo last time I uploaded Points West. Seemed a bit harsh. It’s the hope that kills you |
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Deleted
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Post by Deleted on Nov 22, 2019 20:49:05 GMT
as we speak ali durden is on points west saying 3 buyers Not directed at you bulbous, just in general, this is all pie in the sky. OK, so maybe The Mem site is worth more for residential than the same footprint is in St Phillips, but that same footprint in St Phillips is worth more for mixed use than it is to build a stadium on. People may well agree to a deal to get their hands on the site in BS7, but I can see the rest of this unravelling in double quick time and the football club being homeless. I'm guessing that the Mayor thinks that he's the 'glue' that holds it all together, we'll see about that when big business gets involved. Football stadium in St Phillips indeed. Just stop for a second, take a deep breath, look at a map and think about how stupid that site actually is. Then get a fag packet out and do some quick numbers. They just don't work. |
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Angas
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Post by Angas on Nov 22, 2019 23:12:10 GMT
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Deleted
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Post by Deleted on Dec 8, 2019 0:27:31 GMT
Football stadium in St Phillips indeed. Just stop for a second, take a deep breath, look at a map and think about how stupid that site actually is. Then get a fag packet out and do some quick numbers. They just don't work. The humans I go with don't mind the hike up the Muller Road from Eastville. Central city stadia do exist without car parking. It might be bananas, but I would hate an out of town identikit. |
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irishrover
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Post by irishrover on Dec 8, 2019 20:27:01 GMT
Football stadium in St Phillips indeed. Just stop for a second, take a deep breath, look at a map and think about how stupid that site actually is. Then get a fag packet out and do some quick numbers. They just don't work. The humans I go with don't mind the hike up the Muller Road from Eastville. Central city stadia do exist without car parking. It might be bananas, but I would hate an out of town identikit. The lesson from the US is interesting. 50 years ago all their sports teams packed in City Centre locations for out of town identikit stadiums (they even called them 'cookie cutters'). In the last 15 year they've all moved back in, partly because City authorities have realised the value of using sports venues to open up regeneration and bring people into City Centres. I could definitely see that happening here to some extent especially given concerns so many citys and towns have about declining high streets and encouraging people out of cars. |
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Deleted
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Post by Deleted on Dec 8, 2019 21:22:07 GMT
I could definitely see that happening here to some extent especially given concerns so many citys and towns have about declining high streets and encouraging people out of cars. I'd love it. I enjoy the crescendo as you walk on and on, finding gradually more and more gas around you, until eventually, you can barely see the gas for the gasheads, and you all just follow each other into the ground. Something like that. |
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Post by a more piratey game on Dec 19, 2019 18:22:15 GMT
Q&A with Sam Frost of Bristol Post today....
Are three consortia still vying to take over the club?
Thanks Martyn, to answer in a rather annoying fashion - yes and no. Essentially no, because the ‘Fruit Market Consortium’ remain the overwhelmingly most likely option, and have been for a year now; talks are progressing with Total Produce and there is optimism that a deal *might* be done by the New Year. There is some frustration and scepticism within the club because negotiations have gone on for this long but that particular group of investors still hold exclusivity and until they fail and/or walk away (and they also have a plan B), everybody else has to wait their turn.
The second group who have been reported by us is Backroom Partners - who involves Clive Richardson - are interested and essentially waiting in the wings but no formal discussions or plans - beyond Dwane Sports retaining some stake in the club - have been outlined. Ultimately, they can’t put forward a comprehensive proposal or offer unless the Fruit Market falls through. It should also be noted that Backroom have a number of clubs and potential takeover opportunities on the horizon, not just Rovers ... which, remains, some way off.
There was an American consortium also interested who have also been talking to Sunderland but they have since moved on from Rovers and haven’t been in contact since the summer.”
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Post by a more piratey game on Dec 19, 2019 18:26:53 GMT
How viable is the club going forward? How long can the losses be sustained? Are any potential buyers simply waiting for the club to fail?
Hi Martin, that is one hell of a question and all depends on conversations between the Al Qadi family that as much as I/we would love to be privy to but unfortunately we aren’t.
Looking at the fact, losing £3.6m isn’t sustainable and while Wael is emotionally engaged with Rovers, the rest of his family aren’t too that degree and look at the 1s and 0s and the fact there are an awful amount of minuses.
That is why the club have been up for sale for at least a year now, and that is why, if all goes according to plan they should be sold ... soon. However, how long the family are willing to keep pouring money into such a wide financial black hole is purely with them and, to be honest, is a fluid situation that also depends on their other business interests. What is the feeling now, may not be the feeling in February ... or May ... or August etc. So it’s a difficult one to answer.
What is absolutely fundamentally clear is that at some stage, it has to change and there has been some signs of progress with the overall infrastructure, beyond sticking plasters over the Mem every few weeks.
But there has been a concerted effort to try and address matters off the pitch through what is the club’s best asset(s) which is the team and its players. And the Tom Lockyer situation cannot be allowed to happen again nor can they allow a manager to have carte blanche over transfer decisions and wage offers.
Just as an outsider, although it may not look like it, the club as an organisation, they’re in much better shape than they were 12-18 months ago.
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