knowall
Joined: August 2019
Posts: 162
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Post by knowall on Sept 8, 2020 13:23:22 GMT
The Brfc 1883 AGM scheduled for Monday 28 September @730pm bizarrely a virtual zoom meeting as company is Not wanting to risk the life's of shareholders with the dreaded virus. Accounts being emailed future AGM minutes and agenda being emailed no paper copies. Another change allegedly to save trees! Sensible. They can keep the self important gobby ones on mute!
Nothing like opposition to being dragged kicking and screaming into decade 3 of century 21! Covid or not! Shame the SC can’t do the same thing IMO. That's a shame because we won't get to hear what you have to say!! Sorry, couldn't resist the opportunity
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 8, 2020 13:48:52 GMT
Sensible. They can keep the self important gobby ones on mute!
Nothing like opposition to being dragged kicking and screaming into decade 3 of century 21! Covid or not! Shame the SC can’t do the same thing IMO. That's a shame because we won't get to hear what you have to say!! Sorry, couldn't resist the opportunity Rather than cheap ad hominins, hows about answering John's long standing questing about The President's Club? There's another thing surfaced as well. Someone has said that they donated literally nothing to the FC last year, is that correct? Not that I care particularly but there appeared to be a suggestion that all was not well within the group?
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Post by a more piratey game on Sept 8, 2020 13:53:34 GMT
That's a shame because we won't get to hear what you have to say!! Sorry, couldn't resist the opportunity Rather than cheap ad hominins, hows about answering John's long standing questing about The President's Club? There's another thing surfaced as well. Someone has said that they donated literally nothing to the FC last year, is that correct? Not that I care particularly but there appeared to be a suggestion that all was not well within the group? As a member of Wish I Were President Club, he scrutinises others but is not himself subject to scrutiny. It's all part and parcel of the role
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Post by rowdenhill on Sept 8, 2020 13:56:48 GMT
Hominin, hominid, or homonym?
Or hominem??
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Post by a more piratey game on Sept 8, 2020 14:04:46 GMT
Hominin, hominid, or homonym? Or hominem?? This place maintains a very good standard of pedantry IMO, but rowdenhill is taking it up a notch
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Post by rowdenhill on Sept 8, 2020 14:06:03 GMT
Someone's gotta do it.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 8, 2020 14:06:58 GMT
rowdenhill is taking it up a notch Hmm... lovely pedantry.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 8, 2020 14:17:08 GMT
rowdenhill is taking it up a notch Hmm... lovely pedantry. Curses, it was spelt correctly until the 's' went on the end. The auto-correct on this forum has a lot to answer for.
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Post by a more piratey game on Sept 8, 2020 16:16:28 GMT
Curses, it was spelt correctly until the 's' went on the end. The auto-correct on this forum has a lot to answer for. gotta be rather more careful writing ad anasem I think
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Igitur
Joined: June 2014
Posts: 2,293
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Post by Igitur on Sept 15, 2020 21:21:08 GMT
Frosty was asked this in the Bristol *Edit Post's Live's Q&A this afternoon:
Here is the comment I received from a club spokesman on the matter:
Firstly, can it be stressed that any suggestion we haven’t fulfilled what we said is inaccurate and unfounded.
The capitalisation has been completed and will be reflected in the June 2020 accounts.
Shares have been issued in BRFC which can be seen on Companies House and the maximum shares we were able to issue in 1883 under our Articles have also been actioned.
The Articles are going to be updated at the AGM when the remaining shares in 1883 will be issued.
The charge is against the debt and the debt was capitalised through the above actions.
However, with no income, Wael is continuing to fund the club through this crisis which he may or may not capitalise at a later date.
The AGM is taking place later this month in a digital format.
* Edit, sorry still stuck in the Evening Post and Green 'un days.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 15, 2020 21:25:30 GMT
Thanks for posting, Igitur. I'll be a lot more relaxed when our former director can see evidence that all is as officially claimed by the club.
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Post by swissgas on Sept 15, 2020 23:36:07 GMT
Yes, thanks to Igitur for posting that statement from the “club spokesman” but with us all in such a state of high tension I’m not sure whether my commenting on it will do any good.
Everyone must read it and make their own mind up but please take this into account.
The spokesman says the suggestion that the loan may not have been capitalised is inaccurate and unfounded and that capitalisation has been completed. But then goes on to contradict himself by saying the remaining shares” will be issued after the AGM. If the capitalisation of the Dwane Sports loan had taken place then all necessary shares would have already been issued and this would show at Companies House. Why not just apologise and say the July 8th statement was premature but the capitalisation will take place after the AGM ?
If the maximum number of shares allowed to be allotted in BRFC 1883 Ltd have been allotted as a partial capitalisation of debt then why has the allotment of shares form SH01 not been filed at Companies House as is required by law within 30 days ?
If the debt has been capitalised then why has the charge not been removed by the filing of a form MR04 at Companies House which would only take a minute but would send a very positive message to Gasheads ?
When no question has been asked about funding the club through the crisis what thought is going through the mind of the spokesman that makes him choose to bring this subject up ?
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Post by a more piratey game on Sept 16, 2020 6:20:54 GMT
When no question has been asked about funding the club through the crisis what thought is going through the mind of the spokesman that makes him choose to bring this subject up ? when I read it I took it to be an answer to a specific question from Frosty swiss - prompted by a question asked at his online Q&A yesterday
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Post by a more piratey game on Sept 16, 2020 6:23:29 GMT
When no question has been asked about funding the club through the crisis what thought is going through the mind of the spokesman that makes him choose to bring this subject up ? when I read it I took it to be an answer to a specific question from Frosty swiss - prompted by a question asked at his online Q&A yesterday Frosty has given a bit more this morning, which is mainly a reorganisation of his answer to the question yesterday I think... The capitalisation of Bristol Rovers' debt is on the verge of being completed. Club president Wael Al-Qadi committed to clearing more than £18million in debt and £2million in interest owed to parent company Dwane Sports in June by converting it into shares in the club. The move will leave the club "substantively debt free”. The process has largely been completed, but company rules mean the process will not be finalised until after the club's AGM later this month. Rovers' ownership structure involves three companies: Bristol Rovers Football Club Ltd, Bristol Rovers 1883 Ltd and Dwane Sports. The £16.5million debt owed to BRFC 1883 Ltd by BRFC has been capitalised, as shown on Companies House, but the process to clear BRFC 1883 Ltd's £18.4million debt to Dwane Sports has only partially been completed. This is due to the club's rules, which limit the number of shares which can be issued at one time. These regulations will be amended at the digital AGM, allowing the remaining shares to be issued to Al-Qadi – who bought a controlling stake in the club from his family members earlier this year. Some fans had grown concerned by the lack of paperwork on Companies House to reflect the capitalisation, but a club spokesman told Bristol Live the matter is in hand and any suggestion Al-Qadi has not fulfilled his promise is "inaccurate and unfounded".
"The capitalisation has been completed and will be reflected in the June 2020 accounts," the spokesman continued.
"Shares have been issued in BRFC Ltd which can be seen on Companies House and the maximum shares we were able to issue in 1883 Ltd under our articles have also been actioned.
"The articles are going to be updated at the AGM when the remaining shares in 1883 will be issued."
A charge against the Mem remains in place, which means in theory the owner could take the stadium in exchange for the debt.
But with the debt to be cleared imminently through the share issue, the charge will soon become irrelevant.
"The charge is against the debt and the debt was capitalised through the above actions," the spokesman added
"However, with no income, Wael is continuing to fund the club through this crisis, which he may or may not capitalise at a later date."
When the ownership restructure was announced in June, Al-Qadi told fans in an open letter: "I know that this issue is one that has caused many supporters unnecessary but understandable concern.
"However, actions speak louder than words and I hope this move demonstrates my commitment to the club and my desire to see it achieve its full potential."www.bristolpost.co.uk/sport/football/football-news/bristol-rovers-debt-situation-explained-4518525
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 16, 2020 10:48:41 GMT
Actions only speak louder than words when one has acted. Words about actions one hasn't yet done do not speak louder than words, being as they are... words.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 16, 2020 14:12:59 GMT
Yes, thanks to Igitur for posting that statement from the “club spokesman” but with us all in such a state of high tension I’m not sure whether my commenting on it will do any good. Who exactly do you mean then when referring to "us all in such a state of high tension" ??
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 16, 2020 15:53:02 GMT
Who exactly do you mean then when referring to "us all in such a state of high tension" ?? We've been bickering a little recently, and Swiss underestimates our interest in some of his analysis.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 16, 2020 16:07:50 GMT
Who exactly do you mean then when referring to "us all in such a state of high tension" ?? We've been bickering a little recently, and Swiss underestimates our interest in some of his analysis. Wondered if he was referring specifically to the capitalisation. My impression is that 99.9 % of the fan base are entirely relaxed about it, and rightly so.
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Post by a more piratey game on Sept 16, 2020 16:30:46 GMT
We've been bickering a little recently, and Swiss underestimates our interest in some of his analysis. Wondered if he was referring specifically to the capitalisation. My impression is that 99.9 % of the fan base are entirely relaxed about it, and rightly so. I'm relaxed about it, but I appreciate swiss' diligence
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 16, 2020 16:34:14 GMT
That's it. I love it. Scrutiny of BRFC ownership and financial management shall furthermore be known as... Swiss Diligence
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