Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Apr 2, 2021 21:42:20 GMT
Just a hunch like, but I’m pretty sure I’d be more successful than anyone on here if my daddy owned a bank. Wael is hardly self made is he? Reading between the lines it seems he was bought Rovers to give him something to occupy his time while his siblings got to run rather more serious concerns. Given the utter mess he has made of it it’s not hard to see why. The AJIB have just announced profits of £ 12 million for 2020 of which the entire Al-Qadi family dividend share is just over £3 million. The Four Seasons hotel in Amman lost money in 2020 How Wael is able to fund Rovers losses of £4 or £5 million per year is a complete mystery. Money makes money. A banking family will know all the tricks of how to magic up money from thin air so I suspect he’s far from broke yet, but I don’t see how he can still be here in 20 years time. His reign has got a short shelf life unless he can rustle up some outside investment. Given the brilliant job he’s done so far running up debt and the loyalty shown to his under performing mates on the board I’ll bet investors will be queueing up begging Wael to take their life savings. I just laughed to myself at the thought of Bristol Rovers doing a bond issue. Can you imagine 😂😂😂
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Post by swissgas on Apr 2, 2021 23:39:24 GMT
The AJIB have just announced profits of £ 12 million for 2020 of which the entire Al-Qadi family dividend share is just over £3 million. The Four Seasons hotel in Amman lost money in 2020 How Wael is able to fund Rovers losses of £4 or £5 million per year is a complete mystery. Money makes money. A banking family will know all the tricks of how to magic up money from thin air so I suspect he’s far from broke yet, but I don’t see how he can still be here in 20 years time. His reign has got a short shelf life unless he can rustle up some outside investment. Given the brilliant job he’s done so far running up debt and the loyalty shown to his under performing mates on the board I’ll bet investors will be queueing up begging Wael to take their life savings. I just laughed to myself at the thought of Bristol Rovers doing a bond issue. Can you imagine 😂😂😂 He has said very publicly that he doesn’t want or need outside investment but with such a mistake ridden track record can his judgement be trusted ? IMO the open letter confirmed that he is not in control of events and, as said before, in trying to please everybody he pleases nobody. One would imagine that anyone with access to the £ 300 000 - 400 000 per month needed to fund this football club must surely have a strong grasp of figures and know precisely how much cash was needed and how much was available at any given moment. But as time goes by and these wishy washy open letters keep appearing I’ve got a terrible feeling that this may not be the case.
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