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Post by Deleted on Aug 28, 2017 20:38:44 GMT
Why would it be private, I know what my MD's done in the past, we all know what Dunford and Higgs did in there business life's? What's Wael's full time job now, President of Rovers or is he back working at AJIB now he's back in Jordan for a couple of months? You'd be quite happy for WAQ to outline what deals he's done on behalf of his clients over the last 12 months? Seriously? Who is your MD? Name, Business, dealings and contacts, I'm sure he'd be delighted to know you've just put that out here. No Bags. Nobody is saying that. What is being questioned is this 'successful businessman' claim.
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Post by baggins on Aug 28, 2017 20:40:11 GMT
You'd be quite happy for WAQ to outline what deals he's done on behalf of his clients over the last 12 months? Seriously? Who is your MD? Name, Business, dealings and contacts, I'm sure he'd be delighted to know you've just put that out here. No Bags. Nobody is saying that. What is being questioned is this 'successful businessman' claim. Ever heard of a poor businessman buying a Football Club?
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Post by Deleted on Aug 28, 2017 20:40:54 GMT
50% from Barclays 50% from private investors. According to reports there was a 2 million pound loan from the bank that was cleared a few years ago.so now you are saying it was 50% from investors whereas a few days ago it was 100% Unless my memory is a bit cloudy, and it frequently is nowadays.......but didn't Barclays 'call in' the mortgage loan, and didn't the Board have to find alternative finance from somewhere else?
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Post by Deleted on Aug 28, 2017 20:41:36 GMT
No Bags. Nobody is saying that. What is being questioned is this 'successful businessman' claim. Ever heard of a poor businessman buying a Football Club? The family bought the club, not Wael.
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Post by Deleted on Aug 28, 2017 20:41:41 GMT
No Bags. Nobody is saying that. What is being questioned is this 'successful businessman' claim. Ever heard of a poor businessman buying a Football Club? Michael knighton
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Post by Deleted on Aug 28, 2017 20:44:23 GMT
According to reports there was a 2 million pound loan from the bank that was cleared a few years ago.so now you are saying it was 50% from investors whereas a few days ago it was 100% Unless my memory is a bit cloudy, and it frequently is nowadays.......but didn't Barclays 'call in' the mortgage loan, and didn't the Board have to find alternative finance from somewhere else? [b No that was a different loan.the mortgage was a certain figure for a set number of years and as long as payments were made on time couldn't be called in. I think this is where the confusion has arisen the investors put money up to cover the loan not the mortgage
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Post by Deleted on Aug 28, 2017 20:49:29 GMT
Unless my memory is a bit cloudy, and it frequently is nowadays.......but didn't Barclays 'call in' the mortgage loan, and didn't the Board have to find alternative finance from somewhere else? [b No that was a different loan.the mortgage was a certain figure for a set number of years and as long as payments were made on time couldn't be called in. I think this is where the confusion has arisen the investors put money up to cover the loan not the mortgage Sounds about right
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Post by Deleted on Aug 28, 2017 21:15:49 GMT
[br Good job the rugby club went bust and we bought it for a song. Fair play to the Dunfords for what they did there but nothing else to shout from the rooftops I would suggest. Pretty shrewd dealings in the transfer market kept us solvent for 20 years. And they acquired a piece of real estate for 2.5m now probably worth 15m. Dunford and higgs were only modestly wealthy compared to the al qadi's. The new owners have invested nothing. Why buy a football club that needs a new stadium when you aren't prepared to invest the necessary funds to build one. Actually without wanting to bash the Dunford family as I do appreciate what they did at the club. If Kenny Hibbit had not had his leg broken against Sunderland Rovers would have been relegated that season and the club would have folded.Crowds were already at the 2-3000 mark and would have nose dived. The fortune continued by chance that having no money forced the club to bring on youngsters and look for rejects that might be ok. Yates,Stewart,Browning,Archer,Maddison,Gurney ,G Taylor ,Penrice etc. Some of these might not have got the chance had the club money to bring in outside players on bigger wages. Fortune threw the Mem in rovers direction. People worked hard for all these things its true but they were not obtained by throwing money around. Did the Dunford family have the mortgage or did BRFC have the mortgage ?
The new owners have invested money, to suggest otherwise is like saying any other board member in the past has not invested money. Ridiculous.
The other lot on OTIB are constantly yelling...prove it...wheres the proof ? Now they have an excuse they are all criminals and its second nature for that to come out their mouths as they are no doubt being collared by the law all the time.
where is the proof is not a valid argument its a misdirection on a flimsy theory someone is propagating. We are not in a court of law ,just a place for discussion on things BRFC. All posts should really start..."in my opinion" but most people with half a brain take this as a given .
Cant remember why I was replying now slipped into a rant ...sorry all !
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Post by Deleted on Aug 28, 2017 21:58:33 GMT
50% from Barclays 50% from private investors. According to reports there was a 2 million pound loan from the bank that was cleared a few years ago.so now you are saying it was 50% from investors whereas a few days ago it was 100% When the Memorial Stadium Company purchased the Mem from Arthur Holmes it was for £2.6m. Bristol Rovers were liable for half and the Rugby club the other half. When the rugby club went bust Rovers acquired their share of the stadium and the debt for £10k. Funded 50% by Barclays with a mortgage secured on the stadium and 50% by preferential shareholders. Read the accounts, it's all in there.
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Post by Deleted on Aug 29, 2017 10:05:36 GMT
According to reports there was a 2 million pound loan from the bank that was cleared a few years ago.so now you are saying it was 50% from investors whereas a few days ago it was 100% When the Memorial Stadium Company purchased the Mem from Arthur Holmes it was for £2.6m. Bristol Rovers were liable for half and the Rugby club the other half. When the rugby club went bust Rovers acquired their share of the stadium and the debt for £10k. Funded 50% by Barclays with a mortgage secured on the stadium and 50% by preferential shareholders. Read the accounts, it's all in there. Wrong again the mortgage was to cover the purchase of the ground in fact we paid more than the pension fund offered for it.the club then set up a holding company where rovers and rugby were part owners to protect both clubs in the event of 1 going bust the other could buy their share for 10.000 so didn't get it on the cheap The investors put in money to repay another loan which the bank called in.this was obtained first hand from both clubs by myself at the time.stop perpetuating the myth that the club got the ground on the cheap it is untrue
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Post by baggins on Aug 29, 2017 10:18:03 GMT
Ever heard of a poor businessman buying a Football Club? The family bought the club, not Wael. But Wael works for the family firm right?
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Post by Topper Gas on Aug 29, 2017 10:20:38 GMT
"the other could buy their share for 10.000 so didn't get it on the cheap"
How can getting half the ground worth £5.2m for £10K not getting it on the cheap, am I missing something? Basically it seems we paid £2.7m to Bristol RFC for a ground worth £5.2m when we bought it and now worth £10m/15m.
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Post by Topper Gas on Aug 29, 2017 10:24:08 GMT
Pretty shrewd dealings in the transfer market kept us solvent for 20 years. And they acquired a piece of real estate for 2.5m now probably worth 15m. Dunford and higgs were only modestly wealthy compared to the al qadi's. The new owners have invested nothing. Why buy a football club that needs a new stadium when you aren't prepared to invest the necessary funds to build one. Actually without wanting to bash the Dunford family as I do appreciate what they did at the club. If Kenny Hibbit had not had his leg broken against Sunderland Rovers would have been relegated that season and the club would have folded.Crowds were already at the 2-3000 mark and would have nose dived. The fortune continued by chance that having no money forced the club to bring on youngsters and look for rejects that might be ok. Yates,Stewart,Browning,Archer,Maddison,Gurney ,G Taylor ,Penrice etc. Some of these might not have got the chance had the club money to bring in outside players on bigger wages. Fortune threw the Mem in rovers direction. People worked hard for all these things its true but they were not obtained by throwing money around. Did the Dunford family have the mortgage or did BRFC have the mortgage ?
The new owners have invested money, to suggest otherwise is like saying any other board member in the past has not invested money. Ridiculous.
The other lot on OTIB are constantly yelling...prove it...wheres the proof ? Now they have an excuse they are all criminals and its second nature for that to come out their mouths as they are no doubt being collared by the law all the time.
where is the proof is not a valid argument its a misdirection on a flimsy theory someone is propagating. We are not in a court of law ,just a place for discussion on things BRFC. All posts should really start..."in my opinion" but most people with half a brain take this as a given .
Cant remember why I was replying now slipped into a rant ...sorry all !
I think the issue is the ALQ's haven't really "invested" anymore than the likes of the Dunford's & Higgs did in the past, unless they come up with some grand plans soon we may as well have been taken over by a local business man again, the real concern is what happens if they ever want out.
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Post by baggins on Aug 29, 2017 10:24:13 GMT
Ever heard of a poor businessman buying a Football Club? Michael knighton Can't find articles showing he was skint when he tried to purchase Man U and then went on to buy Carlise. But generally, it's a wealthy mans hobby.
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Post by baggins on Aug 29, 2017 10:25:43 GMT
Actually without wanting to bash the Dunford family as I do appreciate what they did at the club. If Kenny Hibbit had not had his leg broken against Sunderland Rovers would have been relegated that season and the club would have folded.Crowds were already at the 2-3000 mark and would have nose dived. The fortune continued by chance that having no money forced the club to bring on youngsters and look for rejects that might be ok. Yates,Stewart,Browning,Archer,Maddison,Gurney ,G Taylor ,Penrice etc. Some of these might not have got the chance had the club money to bring in outside players on bigger wages. Fortune threw the Mem in rovers direction. People worked hard for all these things its true but they were not obtained by throwing money around. Did the Dunford family have the mortgage or did BRFC have the mortgage ?
The new owners have invested money, to suggest otherwise is like saying any other board member in the past has not invested money. Ridiculous.
The other lot on OTIB are constantly yelling...prove it...wheres the proof ? Now they have an excuse they are all criminals and its second nature for that to come out their mouths as they are no doubt being collared by the law all the time.
where is the proof is not a valid argument its a misdirection on a flimsy theory someone is propagating. We are not in a court of law ,just a place for discussion on things BRFC. All posts should really start..."in my opinion" but most people with half a brain take this as a given .
Cant remember why I was replying now slipped into a rant ...sorry all !
I think the issue is the ALQ's haven't really "invested" anymore than the likes of the Dunford's & Higgs did in the past, unless they come up with some grand plans soon we may as well have been taken over by a local business man again, the real concern is what happens if they ever want out. Best not slag them off on a public forum.
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Post by Deleted on Aug 29, 2017 10:44:50 GMT
"the other could buy their share for 10.000 so didn't get it on the cheap" How can getting half the ground worth £5.2m for £10K not getting it on the cheap, am I missing something? Basically it seems we paid £2.7m to Bristol RFC for a ground worth £5.2m when we bought it and now worth £10m/15m. Read my post again slowly it is self explanatory I am not going to keep repeating myself
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Post by peterparker on Aug 29, 2017 10:55:17 GMT
"the other could buy their share for 10.000 so didn't get it on the cheap" How can getting half the ground worth £5.2m for £10K not getting it on the cheap, am I missing something? Basically it seems we paid £2.7m to Bristol RFC for a ground worth £5.2m when we bought it and now worth £10m/15m.
We offered to buy half the ground for what the Rugby were going to sell to Amtrak for.
If they had sold to Amtrak they wouldn't have had a ground to play at
the 10k was a clause that could benefit either side.
you may say we got it on the cheap, but cheap by what definition. The land is worth different amounts depending on what you are buying it for. We only paid what the Rugby were asking for it
The Mem might be valued at £11m right now, but £11m for what housing. It aint worth £11m as a sports facility that's for sure. Bear in mind the land was valued at nearly £30m technically when Sainsbury's were suppose to be buying it
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Post by otleygas on Aug 29, 2017 11:03:33 GMT
Actually without wanting to bash the Dunford family as I do appreciate what they did at the club. If Kenny Hibbit had not had his leg broken against Sunderland Rovers would have been relegated that season and the club would have folded.Crowds were already at the 2-3000 mark and would have nose dived.
out of interest, what makes you say that if Kenny had not broekn his leg, we would have been relegated? I remember the game (and the crack of his leg echo around twerton), but I thought we were having a reasonably OK season that year?
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Post by Topper Gas on Aug 29, 2017 12:28:08 GMT
"the other could buy their share for 10.000 so didn't get it on the cheap" How can getting half the ground worth £5.2m for £10K not getting it on the cheap, am I missing something? Basically it seems we paid £2.7m to Bristol RFC for a ground worth £5.2m when we bought it and now worth £10m/15m.
We offered to buy half the ground for what the Rugby were going to sell to Amtrak for.
If they had sold to Amtrak they wouldn't have had a ground to play at
the 10k was a clause that could benefit either side.
you may say we got it on the cheap, but cheap by what definition. The land is worth different amounts depending on what you are buying it for. We only paid what the Rugby were asking for it
The Mem might be valued at £11m right now, but £11m for what housing. It aint worth £11m as a sports facility that's for sure. Bear in mind the land was valued at nearly £30m technically when Sainsbury's were suppose to be buying it
I thought Amtrak were content for rugby to continue at the Mem? Whatever happened it seems odd we do a deal and then within months the rugby club went bust. Just a pity we didn't manager our "windfall" a bit better given the club debts now seem to wipe out most of the Mem value anyway.
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Post by Deleted on Aug 29, 2017 15:51:17 GMT
When the Memorial Stadium Company purchased the Mem from Arthur Holmes it was for £2.6m. Bristol Rovers were liable for half and the Rugby club the other half. When the rugby club went bust Rovers acquired their share of the stadium and the debt for £10k. Funded 50% by Barclays with a mortgage secured on the stadium and 50% by preferential shareholders. Read the accounts, it's all in there. Wrong again the mortgage was to cover the purchase of the ground in fact we paid more than the pension fund offered for it.the club then set up a holding company where rovers and rugby were part owners to protect both clubs in the event of 1 going bust the other could buy their share for 10.000 so didn't get it on the cheap The investors put in money to repay another loan which the bank called in.this was obtained first hand from both clubs by myself at the time.stop perpetuating the myth that the club got the ground on the cheap it is untrue You are wrong. The preferential shareholders funded half of the entire purchase cost, Barclays the other half and I haven't said that the football club acquired the other 50% on the cheap. It left the football club owing 50% more plus the £10k. As I said, check the accounts.
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