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Post by splitter on Sept 27, 2018 14:08:38 GMT
There was a strong rumour ref why UWE were genuinely surprised that Rovers pulled out. It was because UWE asked for some proof of financial commitment and this was not forthcoming. I now believe that UWE was no more than an opportunity in Alq's eyes. Once that became less attractive as an investment opportunity in Hani's eyes, they were left with club that Hani did not value or want to own. Wael meanwhile was trying to forge his reputation in the football world - hence the obfuscation. Trust, honesty..another chapter in the BRFC book of Expectation Management. Dr F just asked where your statement of "Due diligence in progress" came from. What you have offered are rumour and opinion. Better answers need to be forthcoming. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 27, 2018 14:09:56 GMT
The AlQs want out. Due diligence from new owner in progress. IMHO they wanted out pretty much as soon as UWE failed. It was the only thing that made any sense. The only thing (in my mind) that didn't add up was the amount spent on 'senior management' and the London office. This amounts to extremely expensive window dressing for a potential buyer. I'm sure it takes a long time to sell a football Club. I am hopeful the new owners will do a better job with due diligence and we can actually move forward as a football Club. UTG. They will sell it to anyone with the cash. We are arguably in more trouble than we were under Higgs. Hani is at the controls and his priority will be getting his money back first and foremost and who he sells to a distant second. |
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Post by a more piratey game on Sept 27, 2018 14:38:12 GMT
UWE asked for some proof of financial commitment and this was not forthcoming. I remember talk about asking for a bond. Probably part of the same thing |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 27, 2018 15:00:14 GMT
Wasn't it reported that Higgs wanted some form of proof of funds for UWE before selling the club to them?
Either way, the question I would love an answer to is "did they ever have the money to build the UWE in the first place?"
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george
Joined: March 2016
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Post by george on Sept 27, 2018 15:36:42 GMT
The AlQs want out. Due diligence from new owner in progress. Is this something you know to be true ? or simply someone told you this ? |
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Sept 27, 2018 16:05:34 GMT
I am not the person doing the due diligence!!
So yes, someone has provided the information.
I have heard the rumours before. The fact that Oldie supported them made me take interest. It depends on the sources.
Only at end of August, someone texted me to say that they had no plans for investment, despite all the BS. However, the Club was NOT up for sale.
Now I have been reliably informed that the due diligence is under way.
I am not Henbury, who should be nick-named Wee Willy Winker. 😉😉😉😉😉😉
I fear for the future, but I am glad that the present owners have been rumbled. The trouble is that we will never trust (guilty as charged) any owners again, which is a massive shame and significant weakness going forwards.
Of course DYOR.
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crater
Joined: June 2014
Posts: 1,444
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Post by crater on Sept 27, 2018 19:00:06 GMT
So in a nutshell nobody really knows fu*k all
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 27, 2018 19:18:58 GMT
Just one long winded thread filled with hearsay and rumour.
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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 Sept 28, 2018 1:09:03 GMT
Is it due diligence OF the new owner or BY the new owner? Hopefully the former!
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Cheshiregas
Global Moderator
Joined: May 2014
Posts: 2,979
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Post by Cheshiregas on Sept 28, 2018 8:35:08 GMT
The trouble is that we will never trust (guilty as charged) any owners again, which is a massive shame and significant weakness going forwards. I stopped trusting owners a long time ago when so many lied to fans. I suppose as it is only now that you have stopped trusting owners, you were happy with Higgs lies about going to Cheltenham etc.... interesting. |
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Sept 28, 2018 9:01:56 GMT
Keep prodding the bear with the stick if you so wish.
I was not happy with Nick Higgs and again it centres on honesty.
I will never forget the euphoria when we won the court case ref objections to Sainsbury's. Points West showed Rovers fans celebrating on the steps of the court-house and on next Friday night game, I remember supporters singing "We've got our Stadium" with gusto.
What the Supporters had not been told was that Sainsbury's had already notified the Club that they were pulling out.
Trust?
It is going to take a long time to establish and any business plan ultimately relies on us.
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Sept 28, 2018 11:05:15 GMT
UWE asked for some proof of financial commitment and this was not forthcoming. I remember talk about asking for a bond. Probably part of the same thing Brooke Bond and James AMPG! Brilliant.James can sort it all out and we all love a good cuppa!  |
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Post by Gregory Stevens on Sept 28, 2018 22:13:08 GMT
What troubles me is.
Higgs wanted out for ages and sold a dummy to the Al Qadis
Now the al qadis have the club they want our. They can see the position we are in.
In decades of wondering why, with our catchment area, 40,000 at Wembley, we haven’t been targeted for development....how can Crawley get bigger backing than us?
I presume it’s accumulated debt. Our only hope is being bought by some benefactor.
Why does anyone involved with us always want out these days? Why can we never get a new ground. It’s like we’re cursed.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 28, 2018 23:05:54 GMT
What troubles me is. Higgs wanted out for ages and sold a dummy to the Al Qadis Now the al qadis have the club they want our. They can see the position we are in. In decades of wondering why, with our catchment area, 40,000 at Wembley, we haven’t been targeted for development....how can Crawley get bigger backing than us? I presume it’s accumulated debt. Our only hope is being bought by some benefactor. Why does anyone involved with us always want out these days? Why can we never get a new ground. It’s like we’re cursed. Is there a credible source on the "they want out" thing? If there is i must have missed that. |
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Post by Henbury Gas on Sept 29, 2018 7:41:30 GMT
I am not the person doing the due diligence!! So yes, someone has provided the information. I have heard the rumours before. The fact that Oldie supported them made me take interest. It depends on the sources. Only at end of August, someone texted me to say that they had no plans for investment, despite all the BS. However, the Club was NOT up for sale. Now I have been reliably informed that the due diligence is under way. I am not Henbury, who should be nick-named Wee Willy Winker. 😉😉😉😉😉😉 I fear for the future, but I am glad that the present owners have been rumbled. The trouble is that we will never trust (guilty as charged) any owners again, which is a massive shame and significant weakness going forwards. Of course DYOR. Cut that out please, its BIG WILLY W&nker to you Formal complaint on its way to the HA group of Moderators BTW i recommend you keep an eye out on any planning done by Alder King for the UWE  |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 29, 2018 7:52:46 GMT
What troubles me is. Higgs wanted out for ages and sold a dummy to the Al Qadis Now the al qadis have the club they want our. They can see the position we are in. In decades of wondering why, with our catchment area, 40,000 at Wembley, we haven’t been targeted for development....how can Crawley get bigger backing than us? I presume it’s accumulated debt. Our only hope is being bought by some benefactor. Why does anyone involved with us always want out these days? Why can we never get a new ground. It’s like we’re cursed. Is there a credible source on the "they want out" thing? If there is i must have missed that. Of course you missed it you still had your head in the sand |
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,612
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Post by eppinggas on Sept 29, 2018 8:16:28 GMT
Is there a credible source on the "they want out" thing? If there is i must have missed that. Of course you missed it you still had your head in the sand Vertigo reminds me of Comical Ali towards the end of the Iraq invasion... definitely no tanks in Baghdad (despite the fact you could see them about 200 yards away). Of course there "might" be no take-over discussions going on at all. And it is all "rumour and hearsay". So if nothing is heard by the end of November (these things take time you know), I will issue a formal apology to Vertigo and offer to buy him a pint. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 29, 2018 8:30:12 GMT
Vertigo asked a reasonable question. Anyone got a reasonable reply for him/her?
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vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Sept 29, 2018 8:39:30 GMT
I will hand over a bottle of champagne to Vertigo if nothing breaks on this story in October.
This is to celebrate his loyalty and refusal to accept anything until it happens.
Whether Wael sells or the new owners buy is still subject to due diligence. It's a standard commercial process BEFORE actual purchase.
However, the story will break, because the new owners will want to highlight their attempts - successful or not.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 29, 2018 8:54:20 GMT
Vaughan, not disputing there's something afoot, but who is the credible source?
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