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Post by Deleted on Apr 21, 2020 18:35:50 GMT
Bet you they would have made good if future revenues had not been bargained away. Who knows. Maybe UWE would have lost patience with Higgs and Sainsbury's long before the court case unless those concessions were made? Perhaps. But history says otherwise. They have not expanded anything on that site, have they? For me the question has always been, wtf happened to due diligence? That sits with the current owners
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Post by a more piratey game on Apr 21, 2020 18:38:12 GMT
I think it was an acceptable risk from their POV - get something worth, say £17m for £7m, and see if the UWE thing stacked up (or could be made to)
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Post by Deleted on Apr 21, 2020 18:58:39 GMT
Who knows. Maybe UWE would have lost patience with Higgs and Sainsbury's long before the court case unless those concessions were made? Perhaps. But history says otherwise. They have not expanded anything on that site, have they? For me the question has always been, wtf happened to due diligence? That sits with the current owners I don't know what they've done with the site. Swiss has spoken at length about cultural differences in the way business is done here as opposed to Jordan, whether there's anything in that or not, I have no idea.
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Post by splitter on Apr 21, 2020 19:08:01 GMT
Perhaps. But history says otherwise. They have not expanded anything on that site, have they? For me the question has always been, wtf happened to due diligence? That sits with the current owners I don't know what they've done with the site. Swiss has spoken at length about cultural differences in the way business is done here as opposed to Jordan, whether there's anything in that or not, I have no idea. I've never bought that scenario. UWE is an academic establishment with an International College, students from around the world and offers degrees in International Business. Are we really expected to believe that UWE do not know about doing deals with different cultures.
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Post by a more piratey game on Apr 21, 2020 19:12:19 GMT
I don't know what they've done with the site. Swiss has spoken at length about cultural differences in the way business is done here as opposed to Jordan, whether there's anything in that or not, I have no idea. I've never bought that scenario. UWE is an academic establishment with an International College, students from around the world and offers degrees in International Business. Are we really expected to believe that UWE do not know about doing deals with different cultures. I think the implication was always that the AQs weren't able to act effectively here
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Deleted
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Post by Deleted on Apr 21, 2020 19:22:45 GMT
I don't know what they've done with the site. Swiss has spoken at length about cultural differences in the way business is done here as opposed to Jordan, whether there's anything in that or not, I have no idea. I've never bought that scenario. UWE is an academic establishment with an International College, students from around the world and offers degrees in International Business. Are we really expected to believe that UWE do not know about doing deals with different cultures. What AMPG said is what I think Swiss was suggesting.
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Post by splitter on Apr 21, 2020 19:26:30 GMT
I've never bought that scenario. UWE is an academic establishment with an International College, students from around the world and offers degrees in International Business. Are we really expected to believe that UWE do not know about doing deals with different cultures. What AMPG said is what I think Swiss was suggesting. They managed to buy a football club and a patch of land. :-)
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Deleted
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Post by Deleted on Apr 21, 2020 19:31:36 GMT
What AMPG said is what I think Swiss was suggesting. They managed to buy a football club and a patch of land. :-) Any fool can spend money
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Post by Deleted on Apr 21, 2020 19:33:49 GMT
I've never bought that scenario. UWE is an academic establishment with an International College, students from around the world and offers degrees in International Business. Are we really expected to believe that UWE do not know about doing deals with different cultures. What AMPG said is what I think Swiss was suggesting. And I think that this suggestion is bollox.
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Post by droitwichgas on Apr 21, 2020 21:39:56 GMT
Who knows. Maybe UWE would have lost patience with Higgs and Sainsbury's long before the court case unless those concessions were made? Perhaps. But history says otherwise. They have not expanded anything on that site, have they? For me the question has always been, wtf happened to due diligence? That sits with the current owners Which begs the question was that more BS we were told by Wael when he suggested the UWE called off talks as they'd found an alternative use for the site, as no plans have ever been submitted to the SG planners, nor does it seem the ALQ's have ever sort an alternative site.
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womble
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Post by womble on Apr 21, 2020 22:42:01 GMT
Perhaps. But history says otherwise. They have not expanded anything on that site, have they? For me the question has always been, wtf happened to due diligence? That sits with the current owners Which begs the question was that more BS we were told by Wael when he suggested the UWE called off talks as they'd found an alternative use for the site, as no plans have ever been submitted to the SG planners, nor does it seem the ALQ's have ever sort an alternative site. Unless I’m going mad (always a possibility), I’m virtually certain that UWE made a statement at the time that said they intended to use the land for other purposes. They have after all been happy to sit on it unused for many years (they acquired it in 2008), and bought the adjacent Hewlett Packard building in 2018. They may well have future plans that no longer include a football stadium. As for cost, at the Sainsbury’s hearing it was stated that the stadium construction cost was £32m. A shortfall of £3m at the outset and an awful lot more if the construction figure did not include fitting out.
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Deleted
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Post by Deleted on Apr 21, 2020 23:05:34 GMT
Which begs the question was that more BS we were told by Wael when he suggested the UWE called off talks as they'd found an alternative use for the site, as no plans have ever been submitted to the SG planners, nor does it seem the ALQ's have ever sort an alternative site. Unless I’m going mad (always a possibility), I’m virtually certain that UWE made a statement at the time that said they intended to use the land for other purposes. They have after all been happy to sit on it unused for many years (they acquired it in 2008), and bought the adjacent Hewlett Packard building in 2018. They may well have future plans that no longer include a football stadium. As for cost, at the Sainsbury’s hearing it was stated that the stadium construction cost was £32m. A shortfall of £3m at the outset and an awful lot more if the construction figure did not include fitting out. Wiki has UWE build cost at £40m, I seem to remember £45m was the figure being used at the time by the same people who were claiming £30m for Sainsbury's, I know it doesn't prove anything, but the Sainsbury's number was in the right ball park. Before taking too much notice of that figure on Wiki though, probably worth pointing out that in the same section it also has Rovers as both owners and tenants en.wikipedia.org/wiki/UWE_Stadium
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Post by Deleted on Apr 21, 2020 23:20:31 GMT
How typical of those who have no involvement in the Share Scheme.... Ken Masters, you mean?
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womble
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Post by womble on Apr 21, 2020 23:56:14 GMT
Unless I’m going mad (always a possibility), I’m virtually certain that UWE made a statement at the time that said they intended to use the land for other purposes. They have after all been happy to sit on it unused for many years (they acquired it in 2008), and bought the adjacent Hewlett Packard building in 2018. They may well have future plans that no longer include a football stadium. As for cost, at the Sainsbury’s hearing it was stated that the stadium construction cost was £32m. A shortfall of £3m at the outset and an awful lot more if the construction figure did not include fitting out. Wiki has UWE build cost at £40m, I seem to remember £45m was the figure being used at the time by the same people who were claiming £30m for Sainsbury's, I know it doesn't prove anything, but the Sainsbury's number was in the right ball park. Before taking too much notice of that figure on Wiki though, probably worth pointing out that in the same section it also has Rovers as both owners and tenants en.wikipedia.org/wiki/UWE_StadiumThe £32m figure was provided by a Rovers fan who attended the hearing and posted updates on the other forum. Unfortunately I’ve forgotten his name and I believe he’s since passed away, although my apologies if I’ve got that wrong.
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Deleted
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Post by Deleted on Apr 22, 2020 9:28:45 GMT
Wiki has UWE build cost at £40m, I seem to remember £45m was the figure being used at the time by the same people who were claiming £30m for Sainsbury's, I know it doesn't prove anything, but the Sainsbury's number was in the right ball park. Before taking too much notice of that figure on Wiki though, probably worth pointing out that in the same section it also has Rovers as both owners and tenants en.wikipedia.org/wiki/UWE_StadiumThe £32m figure was provided by a Rovers fan who attended the hearing and posted updates on the other forum. Unfortunately I’ve forgotten his name and I believe he’s since passed away, although my apologies if I’ve got that wrong. I think your summary is about right The bottom line being we never had the funds to build it.
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eppinggas
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Post by eppinggas on Apr 22, 2020 12:15:41 GMT
I think it was an acceptable risk from their POV - get something worth, say £17m for £7m, and see if the UWE thing stacked up (or could be made to) Exactly this. And they must have realised pretty quickly that the UWE didn't stack up. Consultants were heralded in, and quietly ushered out in the space of a few months. It's been a sh*t show ever since. IMHO.
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Post by Deleted on Apr 22, 2020 12:33:23 GMT
How typical of those who have no involvement in the Share Scheme.... Ken Masters, you mean? He may have joined, eventually, after standing for election, but I never saw him out on the terraces with a clip board trying to sell the scheme and sign up new members. Can't see his Son on that list either. Says something when your own Son, the one who was like a shadow and was with him literally everywhere Rovers related for years won't bung a tenner a month in to support his old Man. Of course, his Son may use a different surname and may be on that list, in which case I apologise.
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Post by droitwichgas on Apr 22, 2020 12:42:58 GMT
The £32m figure was provided by a Rovers fan who attended the hearing and posted updates on the other forum. Unfortunately I’ve forgotten his name and I believe he’s since passed away, although my apologies if I’ve got that wrong. I think your summary is about right The bottom line being we never had the funds to build it. If NH had "banked" £30m+ from Sainsbury I sense worrying about whether we were a few £m short on the building costs would have been the least of our worries!
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Post by Deleted on Apr 22, 2020 14:09:06 GMT
I think your summary is about right The bottom line being we never had the funds to build it. If NH had "banked" £30m+ from Sainsbury I sense worrying about whether we were a few £m short on the building costs would have been the least of our worries! You think? Homeless, with not enough money to build the planned for stadium. That's not a worry?
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Post by Deleted on Apr 22, 2020 14:13:57 GMT
If NH had "banked" £30m+ from Sainsbury I sense worrying about whether we were a few £m short on the building costs would have been the least of our worries! You think? Homeless, with not enough money to build the planned for stadium. That's not a worry? I'm not sure, but I think he may be suggesting that Higgs may have found a way to pocket the dosh and scarper?
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