Deleted
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Post by Deleted on Jun 9, 2020 13:02:09 GMT
May as well just give up now. There's an embargo with a lot of contributors to this forum against ever admitting that they are wrong, and offering any kind of an apology isn't conscionable to them. I understood what you meant, I think that they did too. You'll get circular nonsense from the usual suspects, when all they have to do is just agree with what you said originally.
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Deleted
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Post by Deleted on Jun 9, 2020 14:16:51 GMT
And the shareholders of those companies are? Inter group loan, anyone? Can you confirm the shareholding of Dwayne Colony Ltd? Scrub that,I see it's been confirmed, it's the same people try to encourage him oldie - he's taken a big step today Small steps AMPG
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Post by a more piratey game on Jun 9, 2020 14:30:32 GMT
I thought Frosty's Q&A was today - soz, it was yesterday. This is what he said about the training ground...
My feeling is the pandemic has 'unlinked' those developments (training ground and stadium), to use Wael Al-Qadi's phrasing. My logic is Rovers have been able to negotiate a lower build cost with contractors due to COVID.
Rovers needed a training ground with the Cribbs lease expiring, and this was the time to strike when it would be cheapest to get the project done.
However, the money for it has been put up by Wael and indicates his commitment to the club by investing in infrastructure, but there is no sign the current ownership is closer to delivering a new stadium.
Our understand remains the only way the club gets a new stadium is through new owners, as it stands. But then Rovers surprised us with this training ground development, so I guess it cannot be completely ruled out.
Regarding the stadium...
Basically it’s as you were since my last Q&A, Ben. We're told talks between the consortium and the site's owners are progressing and there’s been no indication as yet that the coronavirus has impacted anything other than the obvious logistical delays.
The training ground is now understood to be also part of the package, should the consortium be successful in acquiring the fruit market.
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Post by a more piratey game on Jun 9, 2020 14:36:48 GMT
I remember back in the early days of the Colony there was talk that we were going to have a Level 2 (or 3, or something) training set-up, and plans were drawn up. It was costed at £6-8m or so
Hani found out, and said 'build it for £2m', or so the rumour went, which was thought to be bonkers so nothing happened
maybe this is the £2m version, with the potential for expansion?
whether it is or it isn't, it seems very positive to me
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eppinggas
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Post by eppinggas on Jun 9, 2020 16:03:23 GMT
I remember back in the early days of the Colony there was talk that we were going to have a Level 2 (or 3, or something) training set-up, and plans were drawn up. It was costed at £6-8m or so Hani found out, and said 'build it for £2m', or so the rumour went, which was thought to be bonkers so nothing happened maybe this is the £2m version, with the potential for expansion? whether it is or it isn't, it seems very positive to me It was originally a Category 2 facility and I thought £8-£10mil. Proudly announced by Steve Hamer opening on July 1st 2019. Mmmm. I would have thought that the new Training Facility "guaranteed" to us by the end of the year would be well in excess of £2mil? Well done Wael (if that specification is delivered). I'll believe it when we're training in it.
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Post by toteend3 on Jun 9, 2020 17:14:42 GMT
Looks to me like theres plenty of space to accomodate a Sparkling new Stadium, Hotels, Shops and most importantly for all the 'past their sale by date Toteenders' a large Care Home Complex along with a Weatherspoons within zimmer frame walking distance. UTG
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Deleted
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Post by Deleted on Jun 9, 2020 18:17:14 GMT
Oooooh, I can see my old house.
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Post by a more piratey game on Jun 9, 2020 18:47:29 GMT
Oooooh, I can see my old house. cue Shakey....
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Cheshiregas
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Post by Cheshiregas on Jun 10, 2020 7:53:03 GMT
So that money spent by the club is regarded as a debt owed to BRFC by Dwane and has to be repaid. Your post intimated that BRFC had spent money, full stop. So effectively its a debt to the club and not a loss on the P & L. Not quite the same thing is it, but I guess you know that.
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Post by Deleted on Jun 10, 2020 12:08:14 GMT
So that money spent by the club is regarded as a debt owed to BRFC by Dwane and has to be repaid. Your post intimated that BRFC had spent money, full stop. So effectively its a debt to the club and not a loss on the P & L. Not quite the same thing is it, but I guess you know that. I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not?
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Post by a more piratey game on Jun 10, 2020 12:11:55 GMT
So that money spent by the club is regarded as a debt owed to BRFC by Dwane and has to be repaid. Your post intimated that BRFC had spent money, full stop. So effectively its a debt to the club and not a loss on the P & L. Not quite the same thing is it, but I guess you know that. I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not? intra-group, Shirley?
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Peter Parker
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Post by Peter Parker on Jun 10, 2020 12:21:17 GMT
So that money spent by the club is regarded as a debt owed to BRFC by Dwane and has to be repaid. Your post intimated that BRFC had spent money, full stop. So effectively its a debt to the club and not a loss on the P & L. Not quite the same thing is it, but I guess you know that. I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not? Dwane Colony is a company under the ultimate parent company Dwane Sports Many of our supporters are still inquiring about the distinction between Bristol Rovers F.C and Dwane Sports.
Below is the official Dwane Sports LTD corporate press release regarding the recent acquisition of the club's new training ground site in Almondsbury, which emphasises Dwane Sports commitment to Bristol Rovers F.C and its long-term future. "Dwane Sports Group, owners of Bristol Rovers FC, are delighted to announce their acquisition of a 28-acre site in Almondsbury which Dwane will develop to accommodate the Club’s Academy and to satisfy the training requirements of the full-time professional players, as well as providing medical treatment facilities. Think that is pretty clear
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axegas
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Post by axegas on Jun 10, 2020 13:56:38 GMT
I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not? Dwane Colony is a company under the ultimate parent company Dwane Sports Many of our supporters are still inquiring about the distinction between Bristol Rovers F.C and Dwane Sports.
Below is the official Dwane Sports LTD corporate press release regarding the recent acquisition of the club's new training ground site in Almondsbury, which emphasises Dwane Sports commitment to Bristol Rovers F.C and its long-term future. "Dwane Sports Group, owners of Bristol Rovers FC, are delighted to announce their acquisition of a 28-acre site in Almondsbury which Dwane will develop to accommodate the Club’s Academy and to satisfy the training requirements of the full-time professional players, as well as providing medical treatment facilities. Think that is pretty clear So what do Dwane Developments have to do in all this, I assume they’re another subsidiary under Dwane Sports, if so will they have any role in The Colony? I think they were responsible for planning houses on the land at one point, which fell through. Also, could it be significant that Hani stepped down in March and was replace by Wael?
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Post by Deleted on Jun 10, 2020 14:23:29 GMT
I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not? intra-group, Shirley? Ha ha Yes absolutely 😊
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Peter Parker
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Post by Peter Parker on Jun 10, 2020 14:24:46 GMT
Dwane Colony is a company under the ultimate parent company Dwane Sports Many of our supporters are still inquiring about the distinction between Bristol Rovers F.C and Dwane Sports.
Below is the official Dwane Sports LTD corporate press release regarding the recent acquisition of the club's new training ground site in Almondsbury, which emphasises Dwane Sports commitment to Bristol Rovers F.C and its long-term future. "Dwane Sports Group, owners of Bristol Rovers FC, are delighted to announce their acquisition of a 28-acre site in Almondsbury which Dwane will develop to accommodate the Club’s Academy and to satisfy the training requirements of the full-time professional players, as well as providing medical treatment facilities. Think that is pretty clear So what do Dwane Developments have to do in all this, I assume they’re another subsidiary under Dwane Sports, if so will they have any role in The Colony? I think they were responsible for planning houses on the land at one point, which fell through. Also, could it be significant that Hani stepped down in March and was replace by Wael? Dwane Colony is based in Jersey. Dwane Developments is based in the UK IIRC, people 'in the know' were saying that 1883ltd/BRFC spent money regarding The Colony because of VAT/Tax. looking at dates, this is most likely prior to Dwane Developments incorporation. It could well be that the current and future payments for the work at The Colony will now go through Dwane Developments rather than 1883ltd
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Post by Deleted on Jun 10, 2020 14:27:24 GMT
So what do Dwane Developments have to do in all this, I assume they’re another subsidiary under Dwane Sports, if so will they have any role in The Colony? I think they were responsible for planning houses on the land at one point, which fell through. Also, could it be significant that Hani stepped down in March and was replace by Wael? Dwane Colony is based in Jersey. Dwane Developments is based in the UK IIRC, people 'in the know' were saying that 1883ltd/BRFC spent money regarding The Colony because of VAT/Tax. looking at dates, this is most likely prior to Dwane Developments incorporation. It could well be that the current and future payments for the work at The Colony will now go through Dwane Developments rather than 1883ltd I think you are spot on with the assumption as to why Bristol Rovers paid the original bills on The Colony.
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Post by a more piratey game on Jun 10, 2020 22:52:35 GMT
Listening to part deux of Ben Garner's interview re The Colony he said him and Starnes were considering other sites for the training ground over the last couple of months
I surmised that the whole project had been put on ice for a very long time, such that new people were now involved at the club and the whole thing was reviewed with fresh eyes
Also that the passing of Al Qadi pere had effectively unlocked things, given the timings
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Post by Deleted on Jun 11, 2020 4:15:34 GMT
Listening to part deux of Ben Garner's interview re The Colony he said him and Starnes were considering other sites for the training ground over the last couple of months. Sorry, Garner said that he was involved in considering training ground sites? The location of possibly the most significant BRFC development project for ages involves 'a here today (and if I may suggest) gone tomorrow' first-team coach or manager? Really?
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Peter Parker
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Post by Peter Parker on Jun 11, 2020 7:44:16 GMT
Listening to part deux of Ben Garner's interview re The Colony he said him and Starnes were considering other sites for the training ground over the last couple of months. Sorry, Garner said that he was involved in considering training ground sites? The location of possibly the most significant BRFC development project for ages involves 'a here today (and if I may suggest) gone tomorrow' first-team coach or manager? Really? He might be 'gone tomorrow', but he has come from a background as a highly rated coach from clubs with far better facilities than us. I would imagine his input into the make up of what is needed might be of interest to the club wanting to build it's own facility. I imagine DC had his own ideas about what he wanted/what was needed as well
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Cheshiregas
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Post by Cheshiregas on Jun 11, 2020 11:23:55 GMT
So that money spent by the club is regarded as a debt owed to BRFC by Dwane and has to be repaid. Your post intimated that BRFC had spent money, full stop. So effectively its a debt to the club and not a loss on the P & L. Not quite the same thing is it, but I guess you know that. I honestly doubt that this point us understood, otherwise why say what he did? With your banker hat on, that's an inter group loan, is it not? Depending on the basis it was agreed between the 2 entities, in essence you are correct oh wise one. Under consolidation of the accounts into the holding company the debt effectively disappears for accounting purposes. However as has been said, the initial payments were most likely made by BRFC to take account of VAT. Bankers would look at the consolidated position as the owners have said they will support the ongoing business for the foreseeable future. However I can understand that fans would look at it purely from the viewpoint of BRFC.
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