vaughan
Joined: June 2014
Posts: 1,237
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Post by vaughan on Apr 9, 2020 13:39:55 GMT
Should we not be taking some pride and solace that we have not yet gone down the furlough route?
A tad ironic given the fit and proper owner complaint to EFL.
I'm all for a bit of balance.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,055
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Post by eppinggas on Apr 10, 2020 9:18:25 GMT
Should we not be taking some pride and solace that we have not yet gone down the furlough route? A tad ironic given the fit and proper owner complaint to EFL. I'm all for a bit of balance. Fair comment. Due credit must be given to Wael / Dwane Sports for this. (No-none has hacked my account).
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Deleted
Joined: January 1970
Posts: 0
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Furlough
Apr 10, 2020 9:59:09 GMT
via mobile
Post by Deleted on Apr 10, 2020 9:59:09 GMT
Should we not be taking some pride and solace that we have not yet gone down the furlough route? A tad ironic given the fit and proper owner complaint to EFL. I'm all for a bit of balance. It does not suit an agenda Vaughan.
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Post by o2o2bo2ba on Apr 10, 2020 10:40:12 GMT
Can't we furlough Garner, Nichols and Bennett? Long term furlough.
Makes sense to me.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 10, 2020 11:14:33 GMT
Should we not be taking some pride and solace that we have not yet gone down the furlough route? A tad ironic given the fit and proper owner complaint to EFL. I'm all for a bit of balance. It does not suit an agenda Vaughan. I'm a bit lost with our company structure, so happy to be corrected, but I think that the parent company is 'offshore', if that's the case, I wouldn't be comfortable with Rovers using government funds to support the business.
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Deleted
Joined: January 1970
Posts: 0
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Furlough
Apr 10, 2020 13:50:14 GMT
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Post by Deleted on Apr 10, 2020 13:50:14 GMT
It does not suit an agenda Vaughan. I'm a bit lost with our company structure, so happy to be corrected, but I think that the parent company is 'offshore', if that's the case, I wouldn't be comfortable with Rovers using government funds to support the business. Nor would I but not for that reason. I believe 1883 ltd is registered as a limited company in the UK and staff and players are paid through that company. So the company qualifies and the country of residence of its shareholders is not really relevant.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 10, 2020 16:58:17 GMT
If it helps the club to survive then we should furlough players and staff in my view. Rovers are just another business struggling for revenue right now.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,239
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Post by kingswood Polak on Apr 10, 2020 17:00:13 GMT
We are using the furlough, as reported on points west in Tuesday but only with some employees. I’m guessing the staff but not players. Yeovil are doing it, City would not comment but Cheltenham are the only ones not using it at all
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vaughan
Joined: June 2014
Posts: 1,237
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Furlough
Apr 10, 2020 17:11:10 GMT
via mobile
Post by vaughan on Apr 10, 2020 17:11:10 GMT
There has been no announcement by the Club that any of the staff have been placed on Furlough.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 10, 2020 17:16:28 GMT
Priceless.
So we have someone moaning his head off that wealthy people should be hit in the pocket due to this crisis, then in the next breath he's saying that our multi-millionaire owners should be allowed to dip into public funds to support the club that he supports.
The really funny thing is that he probably won't even see, or accept, just how absurd his position is.
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Post by swissgas on Apr 10, 2020 17:16:37 GMT
There has been no announcement by the Club that any of the staff have been placed on Furlough. I expect the member of staff designated to make the announcement has been furloughed.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 10, 2020 23:29:55 GMT
Priceless. So we have someone moaning his head off that wealthy people should be hit in the pocket due to this crisis, then in the next breath he's saying that our multi-millionaire owners should be allowed to dip into public funds to support the club that he supports. The really funny thing is that he probably won't even see, or accept, just how absurd his position is. But your hero branson is doing it? Your just a nasty piece of work frankly.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 10, 2020 23:35:24 GMT
There has been no announcement by the Club that any of the staff have been placed on Furlough. I expect the member of staff designated to make the announcement has been furloughed. You told us all the equity on the mem was used up months ago and that they would never pay any of their own money out. So whats going on ? Surely now would be the time to bale out and cut your losses? But we still exist. Any explanation for this strange turn of events?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 11, 2020 0:09:09 GMT
Priceless. So we have someone moaning his head off that wealthy people should be hit in the pocket due to this crisis, then in the next breath he's saying that our multi-millionaire owners should be allowed to dip into public funds to support the club that he supports. The really funny thing is that he probably won't even see, or accept, just how absurd his position is. Its very very unpleasant being on this forum with someone as rude and patronising as you. Every time you post to almost everyone you reply to involves attempting to put down or ridicule that person in the most offensive way you can think of. Even stooping so low as to laugh at a posters grammar or spelling. Whats the point? Why not just put your viewpoint across without all all the other stuff?
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Post by swissgas on Apr 11, 2020 1:06:19 GMT
I expect the member of staff designated to make the announcement has been furloughed. You told us all the equity on the mem was used up months ago and that they would never pay any of their own money out. So whats going on ? Surely now would be the time to bale out and cut your losses? But we still exist. Any explanation for this strange turn of events? I’m happy to have a go at an explanation Vertigo. Regarding Wael supposedly paying the staff wages during this difficult period I’m not sure exactly what that means. When Martyn Starnes said we were lucky to have an owner who was fully committed and would continue to support the club during this crisis many fans jumped at it as confirmation that Wael was the “good bloke” they always thought he was. Martyn didn’t say specifically how Wael was going to provide this support but, again, many fans imagined he would be writing out cheques from his personal account and depositing them directly with Rovers bank so that all wages could be paid. That is a wonderfully comforting thought to have and something of a stress reliever at this time but I suspect the reality is a little different. I think Wael will continue extending the amount of Rovers credit line and continue to funnel cash into the Dwane Sports Jersey account to fund this. And he’ll do so because in the short term he doesn’t have much choice. The post from KP in which he said he thought that Hani had ceased his association with Rovers but that Wael’s mother had been persuaded to support Wael is quite believable. The equity in the Mem was used up a long time ago as the 2019 accounts showed and anyone seriously wanting to get out would have cut their losses a year or more ago, sold the Mem for development and passed the liability of the football club for free to anyone who would take it. But Wael doesn’t want to get out and it appears is willing to risk an awful lot to keep hold of all or a substantial part of the club for himself Although Martyn Starnes denied it the club has been for sale for a long time and the agent, based in the Home Counties, must have had a very frustrating time trying to persuade potential buyers that he was serious about an asking price of 18 million. IMO Wael lives in a world of his own and despite having a wife and family to think of he carries on spending money as if it’s supply was unlimited. This might seem lovely for Gasheads looking for “positives” but in reality there is a very good chance it will end in calamity both for Wael and Rovers. We live at a time when money is being printed in vast quantities and, understandably, most people prefer not to think of the consequences. For Rovers the money is apparently still flowing in but the day will come when it stops and it’s the consequences of that happening which is so concerning and which anyone with Rovers best interests at heart should be willing to discuss now. In most cases the ground for a team to play at would still be available for a fresh start either because it was leased or because it could not be used for other purposes. And in most cases, where a business ceased and a fresh start was necessary, the owner would be relieved to step aside and no longer have the financial burden on his back. But in Rovers case I should not be at all surprised if, when the inevitable happens, a fresh start under the name BRFC will not be straightforward. Firstly because there will be nowhere to play since the Mem will be sold for development, secondly because Wael will try to find a way of playing a significant part in the new club which will put off new investors and thirdly because the fan base will be totally demoralized and divided. As always with my posts like this please take it with a pinch of salt if you wish but it would be interesting to hear posters put forward a realistic ( and hopefully more uplifting) alternative scenario.
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TaiwanGas
Paul Bannon
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Post by TaiwanGas on Apr 11, 2020 3:02:10 GMT
You told us all the equity on the mem was used up months ago and that they would never pay any of their own money out. So whats going on ? Surely now would be the time to bale out and cut your losses? But we still exist. Any explanation for this strange turn of events? I’m happy to have a go at an explanation Vertigo. Regarding Wael supposedly paying the staff wages during this difficult period I’m not sure exactly what that means. When Martyn Starnes said we were lucky to have an owner who was fully committed and would continue to support the club during this crisis many fans jumped at it as confirmation that Wael was the “good bloke” they always thought he was. Martyn didn’t say specifically how Wael was going to provide this support but, again, many fans imagined he would be writing out cheques from his personal account and depositing them directly with Rovers bank so that all wages could be paid. That is a wonderfully comforting thought to have and something of a stress reliever at this time but I suspect the reality is a little different. I think Wael will continue extending the amount of Rovers credit line and continue to funnel cash into the Dwane Sports Jersey account to fund this. And he’ll do so because in the short term he doesn’t have much choice. The post from KP in which he said he thought that Hani had ceased his association with Rovers but that Wael’s mother had been persuaded to support Wael is quite believable. The equity in the Mem was used up a long time ago as the 2019 accounts showed and anyone seriously wanting to get out would have cut their losses a year or more ago, sold the Mem for development and passed the liability of the football club for free to anyone who would take it. But Wael doesn’t want to get out and it appears is willing to risk an awful lot to keep hold of all or a substantial part of the club for himself Although Martyn Starnes denied it the club has been for sale for a long time and the agent, based in the Home Counties, must have had a very frustrating time trying to persuade potential buyers that he was serious about an asking price of 18 million. IMO Wael lives in a world of his own and despite having a wife and family to think of he carries on spending money as if it’s supply was unlimited. This might seem lovely for Gasheads looking for “positives” but in reality there is a very good chance it will end in calamity both for Wael and Rovers. We live at a time when money is being printed in vast quantities and, understandably, most people prefer not to think of the consequences. For Rovers the money is apparently still flowing in but the day will come when it stops and it’s the consequences of that happening which is so concerning and which anyone with Rovers best interests at heart should be willing to discuss now. In most cases the ground for a team to play at would still be available for a fresh start either because it was leased or because it could not be used for other purposes. And in most cases, where a business ceased and a fresh start was necessary, the owner would be relieved to step aside and no longer have the financial burden on his back. But in Rovers case I should not be at all surprised if, when the inevitable happens, a fresh start under the name BRFC will not be straightforward. Firstly because there will be nowhere to play since the Mem will be sold for development, secondly because Wael will try to find a way of playing a significant part in the new club which will put off new investors and thirdly because the fan base will be totally demoralized and divided. As always with my posts like this please take it with a pinch of salt if you wish but it would be interesting to hear posters put forward a realistic ( and hopefully more uplifting) alternative scenario. Very hard to see it any different Swiss, the accounts say it all. When Wael announced he was going to pay the staff wages, he did use the term 'intended' whereas Crystal Palace who announced similar at the time used 'promised' this made me wonder!, and I have heard that some of the staff have now been furloughed according to reports, but not sure if this is so.
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Rex
Predictions League
Joined: June 2014
Posts: 3,287
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Post by Rex on Apr 11, 2020 6:02:41 GMT
Priceless. So we have someone moaning his head off that wealthy people should be hit in the pocket due to this crisis, then in the next breath he's saying that our multi-millionaire owners should be allowed to dip into public funds to support the club that he supports. The really funny thing is that he probably won't even see, or accept, just how absurd his position is. Its very very unpleasant being on this forum with someone as rude and patronising as you. Every time you post to almost everyone you reply to involves attempting to put down or ridicule that person in the most offensive way you can think of. Even stooping so low as to laugh at a posters grammar or spelling. Whats the point? Why not just put your viewpoint across without all all the other stuff? I don't know Bambi at all, but I think it's just his style and I'm sure he wouldn't mean you to take it personally. Quite often his posts do seem to be condescending, but they often are just him forcing home his points. Well, it's either that or he's a bit of a twat sometimes
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dido
Predictions League
Peter Aitken
Joined: May 2014
Posts: 1,883
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Post by dido on Apr 11, 2020 8:59:00 GMT
I was with you all the way there, Rex, until you got to 'sometimes'!
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vaughan
Joined: June 2014
Posts: 1,237
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Furlough
Apr 11, 2020 9:09:16 GMT
via mobile
Post by vaughan on Apr 11, 2020 9:09:16 GMT
Sorry Swiss, but your Doomsday scenario thinking is wearing a bit thin now.
Wael has written to supporters to say that he will continue to fund the football club and he will make the model more sustainable.
He does not have the funds for capital investment, but he is writing the cheques to cover the losses.
There is absolutely nothing that he has said or written to indicate that he is less than committed. This is where your argument falls down. Maybe he sees Furlough as a test of his football reputation.
The fundamental change may have been that this is now his project, with sad loss of his father and disengagement of his brother. This may force him to seek external investment, but this always comes with a price in terms of control.
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knowall
Joined: August 2019
Posts: 162
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Post by knowall on Apr 11, 2020 10:09:52 GMT
Sorry Swiss, but your Doomsday scenario thinking is wearing a bit thin now. Wael has written to supporters to say that he will continue to fund the football club and he will make the model more sustainable. He does not have the funds for capital investment , but he is writing the cheques to cover the losses. There is absolutely nothing that he has said or written to indicate that he is less than committed. This is where your argument falls down. Maybe he sees Furlough as a test of his football reputation.
The fundamental change may have been that this is now his project, with sad loss of his father and disengagement of his brother. This may force him to seek external investment, but this always comes with a price in terms of control. You know this for a fact? Others say different
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