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Post by Deleted on Dec 5, 2017 19:19:46 GMT
The Al Qadis under the guise of Dwane sports are owed £10m plus interest by the club. The Mem site is worth £10-15million. The colony site is worth £1million plus.
IF the Al Qadi family have no intention of selling as they want a long term project then it means an outside bid will have to firstly stump up £26million plus the value of the 92% shares. Then they will need finances to ensure the running costs of the club can be covered. Then they will need to raise the money to build a stadium and training facility. Another £60million (?)
So unless the Al Qadis want to sell someone will need to come along with about £100million.
That counts out any ex director one would imagine.
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Post by Topper Gas on Dec 5, 2017 20:19:33 GMT
Isn't it £10-15m - £10m + interest rather than + £10m + int? Plus why do they also need to buy the colony site as isn't that DS' problem to resolve? Plus if the ALQ's did want out they may need to cut their losses and run as otherwise they'll have to find another £2m to cover another 12 months losses? THe UWE would have to be financed by "investors" which was always the case?
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Post by Midsomer Murderer on Dec 5, 2017 23:16:06 GMT
oh good the lunatics are talking finance again But it's not just us lunatics MM because Darrel Clarke is talking about finance as well. He has said his net spend on transfers is only £135 000 and I'm sure when Steve Hamer mentioned us having something like Fleetwood's £9 million training ground Darrell was wondering where the money was coming from just like we were. Wael and his family refuse to talk about finances and try to give the impression everything is under control but clearly it's not. The debt when they took over was about £7.2 million (£4.5 million former shareholders + £2.7 million MSP Capital) and now we have been told they have invested £12 million so a further £4.8 million must have been spent since then. It looks like £3.7 was to cover trading losses and £1.1 million was on the land at Almondsbury which is registered in the name of Dwane Colony Ltd.. I honestly thank you for that Swiss but I am one of those melodramatic fools, neurotic to the bone, no doubt about it. I believe that as it is their own money they owe me no explanation of how and when they spend it. It's just these same numbers appear on every thread and to be honest I do not thing anyone really knows or understands.
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Post by Deleted on Dec 6, 2017 0:04:34 GMT
But it's not just us lunatics MM because Darrel Clarke is talking about finance as well. He has said his net spend on transfers is only £135 000 and I'm sure when Steve Hamer mentioned us having something like Fleetwood's £9 million training ground Darrell was wondering where the money was coming from just like we were. Wael and his family refuse to talk about finances and try to give the impression everything is under control but clearly it's not. The debt when they took over was about £7.2 million (£4.5 million former shareholders + £2.7 million MSP Capital) and now we have been told they have invested £12 million so a further £4.8 million must have been spent since then. It looks like £3.7 was to cover trading losses and £1.1 million was on the land at Almondsbury which is registered in the name of Dwane Colony Ltd.. I honestly thank you for that Swiss but I am one of those melodramatic fools, neurotic to the bone, no doubt about it. I believe that as it is their own money they owe me no explanation of how and when they spend it. It's just these same numbers appear on every thread and to be honest I do not thing anyone really knows or understands. Youve touched on part of the problem,most of us havnt got a clue how big business works and we just dont know what to make of all this stuff. We watch a game and can put our views across about the match whether we played 100 league games,400 western league games,watched rovers for 30 years or just started watching them this season but the strange world of wealthy bankers is from another planet even though its obvious swiss gas has good business insight.
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Post by knowall on Dec 6, 2017 17:40:28 GMT
The Al Qadis under the guise of Dwane sports are owed £10m plus interest by the club. The Mem site is worth £10-15million. The colony site is worth £1million plus. IF the Al Qadi family have no intention of selling as they want a long term project then it means an outside bid will have to firstly stump up £26million plus the value of the 92% shares. Then they will need finances to ensure the running costs of the club can be covered. Then they will need to raise the money to build a stadium and training facility. Another £60million (?) So unless the Al Qadis want to sell someone will need to come along with about £100million. That counts out any ex director one would imagine. I gather you went to the Twatola school of finance
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Post by Topper Gas on Dec 6, 2017 18:08:59 GMT
I honestly thank you for that Swiss but I am one of those melodramatic fools, neurotic to the bone, no doubt about it. I believe that as it is their own money they owe me no explanation of how and when they spend it. It's just these same numbers appear on every thread and to be honest I do not thing anyone really knows or understands. Youve touched on part of the problem,most of us havnt got a clue how big business works and we just dont know what to make of all this stuff. We watch a game and can put our views across about the match whether we played 100 league games,400 western league games,watched rovers for 30 years or just started watching them this season but the strange world of wealthy bankers is from another planet even though its obvious swiss gas has good business insight. I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses.
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Post by xplosivgas on Dec 6, 2017 18:34:51 GMT
Youve touched on part of the problem,most of us havnt got a clue how big business works and we just dont know what to make of all this stuff. We watch a game and can put our views across about the match whether we played 100 league games,400 western league games,watched rovers for 30 years or just started watching them this season but the strange world of wealthy bankers is from another planet even though its obvious swiss gas has good business insight. I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses. I suspect we'll sell a few players, bring a few in. No fees disclosed either way, creating sufficient fog for many to think perhaps there has been some investment...maybe. When in fact we've just tredded water, at best.
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Post by stuart1974 on Dec 6, 2017 20:13:38 GMT
Youve touched on part of the problem,most of us havnt got a clue how big business works and we just dont know what to make of all this stuff. We watch a game and can put our views across about the match whether we played 100 league games,400 western league games,watched rovers for 30 years or just started watching them this season but the strange world of wealthy bankers is from another planet even though its obvious swiss gas has good business insight. I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses. Agree with your second point, but we don't know your first is correct or not. Even if they did have a plan I doubt it would be broadcast until things are in place and even then it could be commercially sensitive.
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Post by Hugo the Elder on Dec 6, 2017 21:06:18 GMT
The Al Qadis under the guise of Dwane sports are owed £10m plus interest by the club. The Mem site is worth £10-15million. The colony site is worth £1million plus. IF the Al Qadi family have no intention of selling as they want a long term project then it means an outside bid will have to firstly stump up £26million plus the value of the 92% shares. Then they will need finances to ensure the running costs of the club can be covered. Then they will need to raise the money to build a stadium and training facility. Another £60million (?) So unless the Al Qadis want to sell someone will need to come along with about £100million. That counts out any ex director one would imagine. I gather you went to the Twatola school of finance Twatola once told me he'd lost count of the number of times he'd failed maths at school.
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Post by Deleted on Dec 6, 2017 21:08:09 GMT
The Al Qadis under the guise of Dwane sports are owed £10m plus interest by the club. The Mem site is worth £10-15million. The colony site is worth £1million plus. IF the Al Qadi family have no intention of selling as they want a long term project then it means an outside bid will have to firstly stump up £26million plus the value of the 92% shares. Then they will need finances to ensure the running costs of the club can be covered. Then they will need to raise the money to build a stadium and training facility. Another £60million (?) So unless the Al Qadis want to sell someone will need to come along with about £100million. That counts out any ex director one would imagine. I gather you went to the Twatola school of finance Is the Mem site worth £10million ? Are the Al qadis owed upto £10million in loans ? Did the Colony cost £1million ? Do the family own 92% of the clubs shares ? Will a new stadium cost £40million plus ? will the finished training/academy camp cost £5-10million ? Are there running costs that will need paying ?
I am assuming the above ,if you can show this is not the case please do.
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Post by aghast on Dec 6, 2017 21:21:40 GMT
Since Wael said "the finance is in place" to build the UWE, I'm assuming the finance is no longer in place, since the Mem will now be a bit-by-bit development. I wonder who the financiers were? The family? The bank they part-own? UWE themselves even?
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Post by axegas on Dec 6, 2017 21:32:20 GMT
Since Wael said "the finance is in place" to build the UWE, I'm assuming the finance is no longer in place, since the Mem will now be a bit-by-bit development. I wonder who the financiers were? The family? The bank they part-own? UWE themselves even? I don't think the decision to have a bit by bit development is just about cost. Doing it all at once would mean potentially relocating for a couple of years which isn't the easiest thing to achieve. A stand by stand development, in theory, could be just as expensive as a new stadium. I think C*ty's redevelopment cost £70m, far more than the UWE would have cost. As for the identity of the "financiers" as you call them, that's anyone's guess. I think we can rule UWE out though as Hamer spoke about meeting to get potential investors on board which to me, sounds unlikely to be UWE as they made it clear that we were the ones to pay for the stadium. If they had intended to finance it, we probably would have been sitting in it by now.
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Post by Deleted on Dec 6, 2017 23:04:04 GMT
Youve touched on part of the problem,most of us havnt got a clue how big business works and we just dont know what to make of all this stuff. We watch a game and can put our views across about the match whether we played 100 league games,400 western league games,watched rovers for 30 years or just started watching them this season but the strange world of wealthy bankers is from another planet even though its obvious swiss gas has good business insight. I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses. Well its clear were losing money i think? but is it £2m per year? Nichols fee increases by the week and so does our debt but neither is clear or factual are they?
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Post by blueridge on Dec 7, 2017 7:07:06 GMT
I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses. Well its clear were losing money i think? but is it £2m per year? Nichols fee increases by the week and so does our debt but neither is clear or factual are they? If I recall SH did say that the club needed a break even figure of 15k support per week. On that basis alone @ an average of just £15 per ticket (including additional match day spend) this equates to nearer a £2.5m loss per season based on our current average of around 8.5k support. Whether SH was just shooting numbers off at the time is anyone's guess. If true we are in deep sh$t and little wonder everything is being paired back. The Academy and Development squads were set up when UWE was still expected to go ahead and part of the bigger picture to support a Championship team- with the big scaling back of The Colony and not likely to be ready before 2019 it makes me wonder as to whether these aspirations will continue. Could the 'new' Colony support the best part of 60/70 people on a full time basis - I feel the Academy at least is looking vulnerable.
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Post by Topper Gas on Dec 7, 2017 8:31:44 GMT
I don't think you need to be a financial guru to understand that we can't continue to lose £2m+ pa, with no obvious plan to curtail the losses? January will be crunch time for me as will the ALQ's continue to pour money into the club by backing DC & not selling BB/EH or look to cut some of those losses. Well its clear were losing money i think? but is it £2m per year? Nichols fee increases by the week and so does our debt but neither is clear or factual are they? SH said a couple of weeks ago the ALQ's had now "invested" £12m in the club so that's at least another £2m increase in our debts this year, SwissGas, highlights the figures in more detail, having listened back to SH's Having a Gas interview it's clearly it's Hani who makes all the major financial decisions.
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Post by knowall on Dec 7, 2017 10:14:27 GMT
I gather you went to the Twatola school of finance Is the Mem site worth £10million ? Are the Al qadis owed upto £10million in loans ? Did the Colony cost £1million ? Do the family own 92% of the clubs shares ? Will a new stadium cost £40million plus ? will the finished training/academy camp cost £5-10million ? Are there running costs that will need paying ?
I am assuming the above ,if you can show this is not the case please do.
dissecting your maths would be a pointless exercise but as an example, an aggressive purchaser which is what you suggest would not need to purchase the Colony so knock off £11million (1 + 10 according to you)
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Post by Deleted on Dec 7, 2017 11:15:43 GMT
Well its clear were losing money i think? but is it £2m per year? Nichols fee increases by the week and so does our debt but neither is clear or factual are they? If I recall SH did say that the club needed a break even figure of 15k support per week. On that basis alone @ an average of just £15 per ticket (including additional match day spend) this equates to nearer a £2.5m loss per season based on our current average of around 8.5k support. Whether SH was just shooting numbers off at the time is anyone's guess. If true we are in deep sh$t and little wonder everything is being paired back. The Academy and Development squads were set up when UWE was still expected to go ahead and part of the bigger picture to support a Championship team- with the big scaling back of The Colony and not likely to be ready before 2019 it makes me wonder as to whether these aspirations will continue. Could the 'new' Colony support the best part of 60/70 people on a full time basis - I feel the Academy at least is looking vulnerable. Im not saying hamer didnt say we needed 15k gates which we havnt had since the 50"s but i never heard him say that. I suppose at some point accounts are published and we will see the situation more clearly.
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Post by Topper Gas on Dec 7, 2017 11:34:21 GMT
If I recall SH did say that the club needed a break even figure of 15k support per week. On that basis alone @ an average of just £15 per ticket (including additional match day spend) this equates to nearer a £2.5m loss per season based on our current average of around 8.5k support. Whether SH was just shooting numbers off at the time is anyone's guess. If true we are in deep sh$t and little wonder everything is being paired back. The Academy and Development squads were set up when UWE was still expected to go ahead and part of the bigger picture to support a Championship team- with the big scaling back of The Colony and not likely to be ready before 2019 it makes me wonder as to whether these aspirations will continue. Could the 'new' Colony support the best part of 60/70 people on a full time basis - I feel the Academy at least is looking vulnerable. Im not saying hamer didnt say we needed 15k gates which we havnt had since the 50"s but i never heard him say that. I suppose at some point accounts are published and we will see the situation more clearly. Why do you need accounts, don't you believe SH when he says the ALQ's total investment is now £12m, which is £2m+ more than last year's accounts showed?
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Post by Deleted on Dec 7, 2017 12:40:12 GMT
Im not saying hamer didnt say we needed 15k gates which we havnt had since the 50"s but i never heard him say that. I suppose at some point accounts are published and we will see the situation more clearly. Why do you need accounts, don't you believe SH when he says the ALQ's total investment is now £12m, which is £2m+ more than last year's accounts showed? So investment is exactly the same as debt? So hamer could just as easily said "the ALQ"s have racked up £12m of debt? Is that what your saying?
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Post by philbemmygas on Dec 7, 2017 12:44:13 GMT
Why do you need accounts, don't you believe SH when he says the ALQ's total investment is now £12m, which is £2m+ more than last year's accounts showed? So investment is exactly the same as debt? So hamer could just as easily said "the ALQ"s have racked up £12m of debt? Is that what your saying? Topper Try telling HMRC you don't need accounts and that word of mouth is proof of your income and expenditure
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