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Post by a more piratey game on Jan 23, 2020 12:02:12 GMT
So with the equity spent the owners are now ploughing their own money into the club? Although i would argue losing an expensive assets value is in fact also putting your own money in.No, most probably match day income and credit lines. 'probably' suggests that this is speculation (as in speculating as to the facts, not financial speculation) have you got any insight to support that speculation? PS got to largely agree with vertigo on the bit in bold |
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Post by a more piratey game on Jan 23, 2020 12:04:40 GMT
No, most probably match day income and credit lines. 'probably' suggests that this is speculation (as in speculating as to the facts, not financial speculation) have you got any insight to support that speculation? PS got to largely agree with vertigo on the bit in bold I have wondered where the cash funding supporting Rovers has come from since the AQ takeover I'm guessing it is from AQ private funds, or else AJIB bank funding (maybe via the Jersey holding company), but I don't know. And I'm not sure what the latest accounts showed |
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TaiwanGas
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Post by TaiwanGas on Jan 23, 2020 12:35:06 GMT
Thanks Fanatical. So with Chris Jelf sunning himself in South Africa....we are running out of knights on white horses. Any suggestions from you? Or are we left to second-guess the motives of sports capital companies and the like who are just interested in asset-stripping. The only asset we had was the equity in the Memorial Stadium. That has now been spent. (I guess you could chuck in our squad value - which amounts to JCH be worth £500-£750k. When he inevitably gets sold, that money just helps plug the funding gap for the present year. We are not vulnerable to asset-strippers, because Dwane Sports have very cunningly engineered a situation where we no longer have any assets. Yes, 3-2-1 we're out of the Stadium, property developer in the wings, poised to buy, not caring about the if's and but's if can build residential/commercial immediately, just care about 'asset' land and ownership, a quick dusting of hands from the ALQ's and bye bye. |
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Post by Deleted on Jan 23, 2020 12:55:44 GMT
The only asset we had was the equity in the Memorial Stadium. That has now been spent. (I guess you could chuck in our squad value - which amounts to JCH be worth £500-£750k. When he inevitably gets sold, that money just helps plug the funding gap for the present year. We are not vulnerable to asset-strippers, because Dwane Sports have very cunningly engineered a situation where we no longer have any assets. So with the equity spent the owners are now ploughing their own money into the club? Although i would argue losing an expensive assets value is in fact also putting your own money in. If they sell the memorial stadium to pay off the debts and walk away not a penny short of when they first rocked up (big IF, admittedly), would they have “put money into the club”, in your opinion? |
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Post by a more piratey game on Jan 23, 2020 12:56:16 GMT
'probably' suggests that this is speculation (as in speculating as to the facts, not financial speculation) have you got any insight to support that speculation? PS got to largely agree with vertigo on the bit in bold I have wondered where the cash funding supporting Rovers has come from since the AQ takeover I'm guessing it is from AQ private funds, or else AJIB bank funding (maybe via the Jersey holding company), but I don't know. And I'm not sure what the latest accounts showed I've just looked up the accounts for BRFC Ltd (which is I think the one to look at, though I'm not 100% sure) The Going Concern note on page 10 states that the club relies on the Al Qadi family for working cash, through an arrangement with Dwane Sports Ltd £12.5m was owed to Group Undertakings beta.companieshouse.gov.uk/company/00051828/filing-history |
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kingswood Polak
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Post by kingswood Polak on Jan 23, 2020 15:35:42 GMT
I have wondered where the cash funding supporting Rovers has come from since the AQ takeover I'm guessing it is from AQ private funds, or else AJIB bank funding (maybe via the Jersey holding company), but I don't know. And I'm not sure what the latest accounts showed I've just looked up the accounts for BRFC Ltd (which is I think the one to look at, though I'm not 100% sure) The Going Concern note on page 10 states that the club relies on the Al Qadi family for working cash, through an arrangement with Dwane Sports Ltd £12.5m was owed to Group Undertakings beta.companieshouse.gov.uk/company/00051828/filing-historySome interesting reading. I didn’t realise Watola, had Polish heritage. His name, pronounced in Polish would be Vatowa. I never read this before so thank you |
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Post by Deleted on Jan 23, 2020 17:58:59 GMT
I've just looked up the accounts for BRFC Ltd (which is I think the one to look at, though I'm not 100% sure) The Going Concern note on page 10 states that the club relies on the Al Qadi family for working cash, through an arrangement with Dwane Sports Ltd £12.5m was owed to Group Undertakings beta.companieshouse.gov.uk/company/00051828/filing-historySome interesting reading. I didn’t realise Watola, had Polish heritage. His name, pronounced in Polish would be Vatowa. I never read this before so thank you As someone of partial Polish heritage I found that interesting KP, even if no-one else did!  |
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Post by Deleted on Jan 23, 2020 23:59:12 GMT
So with the equity spent the owners are now ploughing their own money into the club? Although i would argue losing an expensive assets value is in fact also putting your own money in. If they sell the memorial stadium to pay off the debts and walk away not a penny short of when they first rocked up (big IF, admittedly), would they have “put money into the club”, in your opinion? Well swiss told us all the equity was used up about 2 months ago so we already know they would be out of pocket even if they sold us and left us homeless. Also why on earth sign 4 players including barrett for a fee and a keeper with considerable championship experience on loan if your desperate to sell and leave the club you own homeless? It makes no sense because why worry about the team getting relegated etc if your selling to property people and leaving the club without a ground? |
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Deleted
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Post by Deleted on Jan 24, 2020 0:09:16 GMT
It makes no sense because why... Contrary, as ever, bluesky, but you do ask pertinent questions. Why indeed. |
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eppinggas
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Post by eppinggas on Jan 24, 2020 6:10:47 GMT
If they sell the memorial stadium to pay off the debts and walk away not a penny short of when they first rocked up (big IF, admittedly), would they have “put money into the club”, in your opinion? Well swiss told us all the equity was used up about 2 months ago so we already know they would be out of pocket even if they sold us and left us homeless. Also why on earth sign 4 players including barrett for a fee and a keeper with considerable championship experience on loan if your desperate to sell and leave the club you own homeless? It makes no sense because why worry about the team getting relegated etc if your selling to property people and leaving the club without a ground? I don't think Swiss ever gave specific time frames, only educated guesses. Did we pay a fee for Barrett? Please provide a link if you have one. Call me a cynic (moi?)... looks like 4, maybe only 3, relatively cheap and cheerful loanees/signings ahead of selling JCH. Probably enough to keep the moronic 1/3 of our support happy - ie those that still retain faith in Dwane Sports. Tempted to call these people half-wits, but this a Rovers Forum... so quarter-wits would appear more appropriate. |
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Post by CabbagePatchBlues on Jan 24, 2020 7:51:33 GMT
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Post by Deleted on Jan 24, 2020 8:37:59 GMT
I have wondered where the cash funding supporting Rovers has come from since the AQ takeover I'm guessing it is from AQ private funds, or else AJIB bank funding (maybe via the Jersey holding company), but I don't know. And I'm not sure what the latest accounts showed I've just looked up the accounts for BRFC Ltd (which is I think the one to look at, though I'm not 100% sure) The Going Concern note on page 10 states that the club relies on the Al Qadi family for working cash, through an arrangement with Dwane Sports Ltd £12.5m was owed to Group Undertakings beta.companieshouse.gov.uk/company/00051828/filing-historyBristol Rovers 1883 ltd is the company above Bristol Rovers Football Club. |
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Deleted
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Post by Deleted on Jan 24, 2020 8:41:04 GMT
DWANE SPORTS LIMITED Company Number EXTUID_306465 Native Company Number 119195 Status Live Incorporation Date 6 August 2015 (over 4 years ago) Company Type RC - Registered Private Company Jurisdiction Jersey Registered Address 3rd Floor One The Esplanade St Helier Jersey JE2 3QA Jersey Directors / Officers EQUIOM (JERSEY) LIMITED, administrator Registry Page www.jerseyfsc.org/registry/do... |
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Post by a more piratey game on Jan 24, 2020 9:41:24 GMT
I've just looked up the accounts for BRFC Ltd (which is I think the one to look at, though I'm not 100% sure) The Going Concern note on page 10 states that the club relies on the Al Qadi family for working cash, through an arrangement with Dwane Sports Ltd £12.5m was owed to Group Undertakings beta.companieshouse.gov.uk/company/00051828/filing-historyBristol Rovers 1883 ltd is the company above Bristol Rovers Football Club. I looked at that. It seemed to me that the numbers are very similar, due to brfc making up the vast bulk of 1883 I didn't dwell on the differences, but guess that they are largely made up of the other less operational companies Fanatical has stated at the other place that accounts are due soon. I think they'd normally be due by end of march (9 months after year end) although I'm not sure and that could be what he was meaning |
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Peter Parker
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Post by Peter Parker on Jan 24, 2020 10:22:02 GMT
Bristol Rovers 1883 ltd is the company above Bristol Rovers Football Club. I looked at that. It seemed to me that the numbers are very similar, due to brfc making up the vast bulk of 1883 I didn't dwell on the differences, but guess that they are largely made up of the other less operational companies Fanatical has stated at the other place that accounts are due soon. I think they'd normally be due by end of march (9 months after year end) although I'm not sure and that could be what he was meaning The accounts will be due on Companies House by 31st March for Y/E 30 June 2019
No doubt meltdown will ensue if they are late
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Post by Deleted on Jan 24, 2020 10:52:23 GMT
If they sell the memorial stadium to pay off the debts and walk away not a penny short of when they first rocked up (big IF, admittedly), would they have “put money into the club”, in your opinion? Well swiss told us all the equity was used up about 2 months ago so we already know they would be out of pocket even if they sold us and left us homeless. Also why on earth sign 4 players including barrett for a fee and a keeper with considerable championship experience on loan if your desperate to sell and leave the club you own homeless? It makes no sense because why worry about the team getting relegated etc if your selling to property people and leaving the club without a ground? We've done this conversation multiple times, and it's been explained why the value is so high. Not the £28m that Sainsbury's agreed to, but there's still equity in that site yet. |
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Deleted
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Post by Deleted on Jan 24, 2020 11:01:43 GMT
Well swiss told us all the equity was used up about 2 months ago so we already know they would be out of pocket even if they sold us and left us homeless. Also why on earth sign 4 players including barrett for a fee and a keeper with considerable championship experience on loan if your desperate to sell and leave the club you own homeless? It makes no sense because why worry about the team getting relegated etc if your selling to property people and leaving the club without a ground? I don't think Swiss ever gave specific time frames, only educated guesses. Did we pay a fee for Barrett? Please provide a link if you have one. Call me a cynic (moi?)... looks like 4, maybe only 3, relatively cheap and cheerful loanees/signings ahead of selling JCH. Probably enough to keep the moronic 1/3 of our support happy - ie those that still retain faith in Dwane Sports. Tempted to call these people half-wits, but this a Rovers Forum... so quarter-wits would appear more appropriate. On the club website or the bbc website it clearly states we payed an undisclosed fee for barrett,im staggered that a rovers fan did not know that. So swiss is wrong this time but correct on all the other stuff? Anyway once again why sign anyone if your selling up and leaving the club homeless? |
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Deleted
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Post by Deleted on Jan 24, 2020 11:03:42 GMT
Well swiss told us all the equity was used up about 2 months ago so we already know they would be out of pocket even if they sold us and left us homeless. Also why on earth sign 4 players including barrett for a fee and a keeper with considerable championship experience on loan if your desperate to sell and leave the club you own homeless? It makes no sense because why worry about the team getting relegated etc if your selling to property people and leaving the club without a ground? We've done this conversation multiple times, and it's been explained why the value is so high. Not the £28m that Sainsbury's agreed to, but there's still equity in that site yet. Well seeing as your finger is right on the pulse on this subject when will the equity run out? |
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Deleted
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Post by Deleted on Jan 24, 2020 11:28:07 GMT
We've done this conversation multiple times, and it's been explained why the value is so high. Not the £28m that Sainsbury's agreed to, but there's still equity in that site yet. Well seeing as your finger is right on the pulse on this subject when will the equity run out? How would I know. How much is going to be spent. Has the site actually be valued. Will interest be claimed? Far too many variables. What I can say with a degree of confidence is that there's plenty of equity left in The Mem site yet. As a footnote, please make an effort to use some punctuation, it would make your posts a lot easier to understand. Nobody expects perfection, but a little effort can sometimes go a long way. |
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Deleted
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Post by Deleted on Jan 24, 2020 11:47:35 GMT
Well seeing as your finger is right on the pulse on this subject when will the equity run out? How would I know. How much is going to be spent. Has the site actually be valued. Will interest be claimed? Far too many variables. What I can say with a degree of confidence is that there's plenty of equity left in The Mem site yet. As a footnote, please make an effort to use some punctuation, it would make your posts a lot easier to understand. Nobody expects perfection, but a little effort can sometimes go a long way. Thats just plain rude and does you no credit. |
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