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Post by 4evergas67 on Nov 19, 2017 23:27:29 GMT
So anyone remember back on the old forum and af about board members buying up houses around the mem?
Well i've been told that this nice little nest egg has come back to bite them on the ass because the Al-Qadi's don't need them for the regeneration plans.
Bit of major butt hurt for the old guard who thought they would make a killing under Higgs and his sainsbury's deal.
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Post by chippenhamgas on Nov 19, 2017 23:31:39 GMT
what regeneration plans?!
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Post by madgas on Nov 19, 2017 23:35:23 GMT
Haha.
Out of interest, do you know where the houses are that the old guard supposedly own? Houses within the site or on the roads?
I’d hope the old guard weren’t hoping to make a killing over Rovers? Gasincider tells me there coming back to save us?
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Post by madgas on Nov 19, 2017 23:36:38 GMT
So anyone remember back on the old forum and af about board members buying up houses around the mem? Well i've been told that this nice little nest egg has come back to bite them on the ass because the Al-Qadi's don't need them for the regeneration plans. Bit of major butt hurt for the old guard who thought they would make a killing under Higgs and his sainsbury's deal. Also, come on that nest egg has still paid out. House prices in Bristol are crazier than this forum. |
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Post by 4evergas67 on Nov 19, 2017 23:48:27 GMT
So anyone remember back on the old forum and af about board members buying up houses around the mem? Well i've been told that this nice little nest egg has come back to bite them on the ass because the Al-Qadi's don't need them for the regeneration plans. Bit of major butt hurt for the old guard who thought they would make a killing under Higgs and his sainsbury's deal. Also, come on that nest egg has still paid out. House prices in Bristol are crazier than this forum. It was to do with extending the footprint of the land for sainsbury's to build on. But originally for the plans for the new mem. |
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Post by madgas on Nov 19, 2017 23:54:21 GMT
Also, come on that nest egg has still paid out. House prices in Bristol are crazier than this forum. It was to do with extending the footprint of the land for sainsbury's to build on. But originally for the plans for the new mem. Cool. It makes sense that a director at some point in time would have bought a house or two around that area. But I’m guessing those properties have risen a 100k in that time, they ain’t struggling. |
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Post by 4evergas67 on Nov 20, 2017 0:03:18 GMT
It was to do with extending the footprint of the land for sainsbury's to build on. But originally for the plans for the new mem. Cool. It makes sense that a director at some point in time would have bought a house or two around that area. But I’m guessing those properties have risen a 100k in that time, they ain’t struggling. Oh yeah your right these guys aint strapped for cash and are probably raking in it in with rent but i think they thought there would be a massive payout one day. |
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Post by Hugo the Elder on Nov 20, 2017 1:02:44 GMT
Pretty sure this has already been mentioned on one of the other threads.
Someone posted that the deal was supposed to be that the houses would be sold to Rovers at 125k over market value I think. Or possibly 125% of market value. One or the other.
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Post by gas2 on Nov 20, 2017 3:11:30 GMT
Filton avenue or the tent end the houses that were bought I think
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Post by Langford Gas on Nov 20, 2017 8:29:06 GMT
what regeneration plans?! Exactly ! Thats why they don't need them |
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Post by hawkgas on Nov 20, 2017 8:34:27 GMT
I remember discusions at an agm some years ago, where it had been neccesary to purchase a property for the Sainsbury option to go ahead, If I recall correctly the director had to pay well over the odds to get the property, I believe this was a personal purchase and not some form of loan taken against the Mem. As always the club was far from cash rich so well done that Director for putting up his own money in looking to help the club. The Director was and still is a life long Rovers fan, if he has or will make a profit good luck to him.
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Post by Hugo the Elder on Nov 20, 2017 8:43:35 GMT
I remember discusions at an agm some years ago, where it had been neccesary to purchase a property for the Sainsbury option to go ahead, If I recall correctly the director had to pay well over the odds to get the property, I believe this was a personal purchase and not some form of loan taken against the Mem. As always the club was far from cash rich so well done that Director for putting up his own money in looking to help the club. The Director was and still is a life long Rovers fan, if he has or will make a profit good luck to him. There is making a profit and making a killing at the club's expense. Still, good on him eh? |
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Post by hawkgas on Nov 20, 2017 8:48:13 GMT
I remember discusions at an agm some years ago, where it had been neccesary to purchase a property for the Sainsbury option to go ahead, If I recall correctly the director had to pay well over the odds to get the property, I believe this was a personal purchase and not some form of loan taken against the Mem. As always the club was far from cash rich so well done that Director for putting up his own money in looking to help the club. The Director was and still is a life long Rovers fan, if he has or will make a profit good luck to him. There is making a profit and making a killing at the club's expense. Still, good on him eh? |
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Post by peterparker on Nov 20, 2017 8:48:47 GMT
I remember discusions at an agm some years ago, where it had been neccesary to purchase a property for the Sainsbury option to go ahead, If I recall correctly the director had to pay well over the odds to get the property, I believe this was a personal purchase and not some form of loan taken against the Mem. As always the club was far from cash rich so well done that Director for putting up his own money in looking to help the club. The Director was and still is a life long Rovers fan, if he has or will make a profit good luck to him. maybe his Chinese friends can buy it off him |
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Post by hawkgas on Nov 20, 2017 8:49:54 GMT
He personaly paid for a property the club needed to get planning acepted, he paid well over the odds, how is this making a killing at the clubs expense?
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Post by peterparker on Nov 20, 2017 8:57:58 GMT
how much did he pay, because Zoopla seems to think these houses are worth 400k+
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Post by Captain Jayho on Nov 20, 2017 9:11:33 GMT
Filton avenue or the tent end the houses that were bought I think Yeah I think it was Alton Road at the tent end from memory. Could be wrong though. |
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Post by Hugo the Elder on Nov 20, 2017 9:13:52 GMT
He personaly paid for a property the club needed to get planning acepted, he paid well over the odds, how is this making a killing at the clubs expense? What was the deal agreed with the club to repurchase the property? |
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Post by stuart1974 on Nov 20, 2017 9:24:57 GMT
Filton avenue or the tent end the houses that were bought I think Yeah I think it was Alton Road at the tent end from memory. Could be wrong though. I recall Filton Avenue too, to facilitate the movement of building materials being one reason. Not sure of its validity though. |
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Post by stuart1974 on Nov 20, 2017 9:31:31 GMT
I remember discusions at an agm some years ago, where it had been neccesary to purchase a property for the Sainsbury option to go ahead, If I recall correctly the director had to pay well over the odds to get the property, I believe this was a personal purchase and not some form of loan taken against the Mem. As always the club was far from cash rich so well done that Director for putting up his own money in looking to help the club. The Director was and still is a life long Rovers fan, if he has or will make a profit good luck to him. maybe his Chinese friends can buy it off him With the Budget due out on Wednesday and the Government looking to get house building incentivised, I wonder if there is some correlation? |
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