How much more can we take? The last four years of drift...

Oh my post is confusing?

Firstly, I have no idea why you think that before Gorringe arrived losses were hovering around the £200k mark? To give you a picture of what they actually were for a few of the years prior to Gorringe’s appointment in late 2017. 

2010: (1,079,843)
2011: (1,267,207)
2012: (704,020)
2013: (876,720)
2014: (648,845)
2015: (704,020)
2016: (751,001)
2017: (1,301,471)

That covers all kinds of seasons, not just promotion/relegation ones.

I think there is still lots of work to go of course, but credit to Gorringe for helping us post what I believe is our highest ever turnover of £6,461,681 in the latest accounts and I do think they were making a step in the right direction before the pandemic was hit as they were hoping to cut spending by £1.7 million according to Starnes. I believe Gorringe’s job as commercial director is to grow revenue rather than dictate spending, which he has done?

Debt free. Yes we are. BRFC no longer owes BRFC 1883 LTD anything as the previous dept has been capitalised into shares. Regardless of whether you believe the merits of converting debt into equity are good ones, the fact remains that BRFC are debt free, they don’t have to pay any interest on the previous outstanding debt, that was paid off by Wael and there is no risk of the club going into liquidation if Wael was ever going to try to enforce repayment. What money is now owed, the shares satisfy the debt? It makes the club harder to sell down the line sure, but if Wael really wants to sell the club he could always convert equity back into debt and write it off himself.

We weren’t in a better place before Wael arrived. We had a costly wonga loan taken out to fund a costly court case that we were never going to win. Debts were mounting, up to 8 million by June 2015. Why do you think Higgs sold up in 2016? We are now building a new training ground, have a well funded L1 squad, have better income streams such as Gorringe’s idea to keep to keep the 1883 sponsorship draw running but sell the main prize independently. There’s no chance, I’d want the club to go back to being run by Higgs.

Who are these mystery "friends" posters keep referring to? Starnes doesn't seem to have any real past connections with Wael and has been a reasonably successful CEO at Plymouth & Yeovil previously, Widdrington was brought in by DC and until the last window most posters thought he was doing a decent good, Gorringe seemed more a friend of Hamer's than Wael's and he seems to be a reasonable job and like MS seemed to do a good job at his previous club, only Kassim is a friend and I doubt his role his involved in the day to day running of the club. 

Wael’s quest for sustainability is a relatively recent thing and he’s only been sole owner of the club for a short amount of time. You quote 2020, but that hasn’t been published yet and of course when it does come, it will have the huge caveat that COVID 19 has made sustainability almost impossible to achieve at every football club up and down the country. We simply don’t have enough evidence to suggest if Wael has made the club more sustainable after saying he wants to do so, we shall see in the years to come.

I used the term “we” to imitate the phrase that ThinWhiteDuke used in his post. Our argument was not whether Rovers were debt free at the moment, I accept we’re not if Wael has not chosen to do the same thing he did last summer, but whether what he did last summer amounted to us becoming substantially debt free at that moment in time or not. With the JCH money and the other cuts we were trying to make, I’m not sure we’ve lost as much as 4 million but again that’s just as speculative on my part as it is on yours. The accounts shall tell us when they are published.

Also who is funding the training ground? I’m pretty sure it was Dwane Sports that purchased it in 2017, not BRFC1883 Ltd which suggests “we” aren’t the ones footing the bill, rather the parent company is.

I think we are going in the right direction as a football club. I don’t believe any one on here to be “mistaken” in their views, just that some have different opinions to mine.

I agree that we all hold  differing opinions while having the same goal and, contrary to Uncle Eppers mischief making,  it isn’t a contest. But sometimes, because of our strong desire to see Rovers and Wael do well,  we form entrenched opinions which are based upon emotion and which don’t stand up to scrutiny.
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And now we have discovered that there is not enough left to recruit a decent football team.

Bearing in mind your first comment, is the last comment fact Swiss or speculation?

I understood we were near our max on players within Financial rules and couldn't bring someone else in unless we offloaded which we didn't.
Stand to be corrected naturally, thanks.

Which training facility are you referring to Swiss?