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Post by swissgas on Jul 10, 2021 15:41:19 GMT
The BRFC Ltd accounts for the year to June 30th 2020 have been filed at Companies House and will be available to view within 10 days.
The BRFC (1883) Ltd accounts have not yet been filed so are still overdue according to the Companies House website.
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trymer
Joined: November 2018
Posts: 2,303
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Post by trymer on Jul 10, 2021 16:35:10 GMT
Will the accounts show how many million pounds the owner paid into the club last year to make Rovers debt free ?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 16:42:21 GMT
Will the accounts show how many million pounds the owner paid into the club last year to make Rovers debt free ? No because it didn't occur during the latest accounting year but the chairman might add a note stating that it happened after the year ending June 2020. Looking at the shares issue in Dec 2020 it looks like £18m were paid for the shares. This will be shown in the accounts of Bristol Rovers 1883 Ltd and not Bristol Rovers FC.
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trymer
Joined: November 2018
Posts: 2,303
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Post by trymer on Jul 10, 2021 16:55:59 GMT
Will the accounts show how many million pounds the owner paid into the club last year to make Rovers debt free ? No because it didn't occur during the latest accounting year but the chairman might add a note stating that it happened after the year ending June 2020. Looking at the shares issue in Dec 2020 it looks like £18m were paid for the shares. This will be shown in the accounts of Bristol Rovers 1883 Ltd and not Bristol Rovers FC. Thanks.
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Post by swissgas on Jul 10, 2021 17:19:39 GMT
No because it didn't occur during the latest accounting year but the chairman might add a note stating that it happened after the year ending June 2020. Looking at the shares issue in Dec 2020 it looks like £18m were paid for the shares. This will be shown in the accounts of Bristol Rovers 1883 Ltd and not Bristol Rovers FC. Thanks. Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,353
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Post by kingswood Polak on Jul 10, 2021 17:46:37 GMT
Will the accounts show how many million pounds the owner paid into the club last year to make Rovers debt free ? No because it didn't occur during the latest accounting year but the chairman might add a note stating that it happened after the year ending June 2020. Looking at the shares issue in Dec 2020 it looks like £18m were paid for the shares. This will be shown in the accounts of Bristol Rovers 1883 Ltd and not Bristol Rovers FC. Can you maybe tell me as to why it is split up into different groups now please. I could understand it when we were not owned by the same people but it seems odd when, I think, we are owned by the same person or some kind of version that starts with Dwane ? I know the filing is not such a big deal as the fines are small but, surely, it shouldn’t be that difficult especially when we have an investment banker at the helm
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Post by droitwichgas on Jul 10, 2021 17:49:32 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Did anybody want the record set straight?
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,353
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Post by kingswood Polak on Jul 10, 2021 17:50:41 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Have our neighbours ever been late with accounts ? Just interested as to why this could be. Are we still using Taylor/Wessling ?
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 18:02:17 GMT
No because it didn't occur during the latest accounting year but the chairman might add a note stating that it happened after the year ending June 2020. Looking at the shares issue in Dec 2020 it looks like £18m were paid for the shares. This will be shown in the accounts of Bristol Rovers 1883 Ltd and not Bristol Rovers FC. Can you maybe tell me as to why it is split up into different groups now please. I could understand it when we were not owned by the same people but it seems odd when, I think, we are owned by the same person or some kind of version that starts with Dwane ? I know the filing is not such a big deal as the fines are small but, surely, it shouldn’t be that difficult especially when we have an investment banker at the helm I can't answer that KP. There has been a change in the way the club presents its accounts so perhaps somebody could ask at the AGM if one is held.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 18:03:50 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Did anybody want the record set straight? I appreciate Swissgas explaining the finer details even if you don't care or understand them.
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trymer
Joined: November 2018
Posts: 2,303
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Post by trymer on Jul 10, 2021 18:25:28 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Did anybody want the record set straight? I thought that what Swiss said was interesting, I am glad that he provides such information.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 18:34:21 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Did anybody want the record set straight?I wouldn't waste your breath.
Perhaps someone can check out how much BCFC are 'in debt' to Lansdown, Chelsea 'in debt' to Abramovic, etc etc etc. I see MK Dons lost 63k per week last season. I imagine Accrington are probbaly 'in debt' to Andy Hoult.
Just like about every other club.
Nothing to see here, no record to be set straight despite one or two wanting to create a bit of alarm.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 18:46:21 GMT
Did anybody want the record set straight? I wouldn't waste your breath.
Perhaps someone can check out how much BCFC are 'in debt' to Lansdown, Chelsea 'in debt' to Abramovic, etc etc etc. I see MK Dons lost 63k per week last season. I imagine Accrington are probbaly 'in debt' to Andy Hoult.
Just like about every other club.
Nothing to see here, no record to be set straight despite one or two wanting to create a bit of alarm.
Poster advises against wasting breath and then proceeds to ignore their own advice.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 10, 2021 18:50:44 GMT
I wouldn't waste your breath.
Perhaps someone can check out how much BCFC are 'in debt' to Lansdown, Chelsea 'in debt' to Abramovic, etc etc etc. I see MK Dons lost 63k per week last season. I imagine Accrington are probbaly 'in debt' to Andy Hoult.
Just like about every other club.
Nothing to see here, no record to be set straight despite one or two wanting to create a bit of alarm.
Poster advises against wasting breath and then proceeds to ignore their own advice.
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920
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Post by Peter Parker on Jul 11, 2021 8:02:51 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Who ever said, or suggested it was new money?
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bloogas
Joined: July 2016
Posts: 1,108
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Post by bloogas on Jul 11, 2021 9:28:23 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Who ever said, or suggested it was new money? Answers on a postcard......
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 11, 2021 10:02:25 GMT
Did anybody want the record set straight? I wouldn't waste your breath.
Perhaps someone can check out how much BCFC are 'in debt' to Lansdown, Chelsea 'in debt' to Abramovic, etc etc etc. I see MK Dons lost 63k per week last season. I imagine Accrington are probbaly 'in debt' to Andy Hoult.
Just like about every other club.
Nothing to see here, no record to be set straight despite one or two wanting to create a bit of alarm.
Don't throw one blanket over everybody here. With the 2 examples you've given; Chelski. He keeps doing it, can clearly afford it, and they are dining at the top table. European champions aren't they? 1982. This is an odd one, very odd. He's putting circa £10m a year in and just hoping that they get lucky and the golden ticket comes their way. Had he have put £50m in 5 years ago they could now be an established PL club and would be maybe turning a profit or perhaps costing about the same for him to support (see examples below). My issue is, as has been explained to you previously, I can't see where Wael has income to be able to continue to service losses of £1m a year, let alone £3m, and that's a worry. PL clubs, accounts for year to end of June 2018. Burnley +£45m. Everton -£13m. Huddersfield +£30m. Leicester +£2m. Newcastle +£23m. Swansea -£3m.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 11, 2021 10:13:54 GMT
Just to add to what Pop has said the transaction was a paper one so Wael didn’t actually roll up at the bank with 18 million in used notes and pay it into Rovers account. What he did was come to an arrangement with his brothers Hani and Samer to take over their portion of the debt which in my estimate amounted to about 10.4 million.He then capitalised that debt. Saying this is not an attempt by me to take away the credit from Wael, because what he did was of great value to the club, it is purely to set the record straight. IMO it serves no good purpose to send out signals to Gasheads implying that Wael has come up with 18 million of new money or that the club is permanently debt free when that is patently not true. It is much better to set out the facts in a straightforward way and let us make our own mind up. In this case the true picture is that Wael has capitalised 18 million of debt which is a very good thing but the debt keeps accruing at an alarming rate which is much greater than our competitors and that is a very bad thing. Who ever said, or suggested it was new money? Don't be too hard on people for things they say, here's a quote from Wael himself;
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Post by lavalamp on Jul 11, 2021 10:31:27 GMT
Poster advises against wasting breath and then proceeds to ignore their own advice.
Poster called contradiction contradicts himself, what are the chances of that? 🤔
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Jul 11, 2021 10:34:09 GMT
Looks like the Bristol Rovers FC accounts are now visible and the capitalisation is included.
Over to the accountants amongst us for the analysis.
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