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Post by Captain Jayho on Feb 23, 2018 21:16:12 GMT
Pardon my financial incompetence and inexperience here but wouldn't that be a positive? Correct should have put it the other way Good. Thought I was going nuts! |
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Post by Topper Gas on Feb 23, 2018 22:22:33 GMT
Depends what Stuart means and how he meant to phrase his answer. I thought (according to some) although maybe wrong that 1883ltd had to purchase/pay for the Colony land, although this would have come from the credit facility. Anyway. I await the meltdown when assets exceed liabilities and Dwane sports have ACCRUED another lot of interest That is pretty much what I was getting at. Although the land may be under Dwane Colony, do we know for sure DS paid for it directly or that its acquisition and perhaps even development costs won't find its way onto the accounts of BRFC 1883 either through the direct access of the credit facility or through some form of movement between two subsidiaries of DS. Do we know for sure whether DC is a separate company or another subsidiary of DS? If we do then great, as SH's comment of '£12m investment' won't actually mean £12m debt on BRFC's accounts as the training ground is kept separate. Pretty sure there were' two companies registered in Jersey, Dwane Sports & Dwane Sports Colony but there only seems to be the former now, so not sure who owns The Colony anymore but when the land was bought it was suggested DS purchased it, not Rovers/BRFC1883. Perhaps the ownership issue will be clarified at the AGM? |
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Post by gasandrew on Feb 23, 2018 23:20:33 GMT
Whatever way you look at it Dwayne Sports will own it even if it's in 1883 Ltd accounts
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Post by gasandrew on Mar 12, 2018 17:22:43 GMT
Kick off 7.30 tonight followed by Q & A for shareholders after formal business of AGM has been completed
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Post by bluestone on Mar 12, 2018 18:53:52 GMT
I can't wait to see the feedback on here, it's going to be a complete meltdown for some (Wael's lost interest, no money to invest, stadium redevelopment = were getting more tents and will take a decade to complete, colony going nowhere blah blah blah), for some it may be over excitement (next year we're going up, top 6 budgets, landing lights are coming back on etc etc).
I'll say right now that it will be more of the same, evolution not revolution, hopefully announcement of various improvements planned over the coming year and there's nothing wrong with that as far as I'm concerned. My expectations are already firmly in the right place, I'm a very happy gas head who is ready to renew his ST right now.
UTG!
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Post by gasandrew on Mar 12, 2018 21:40:10 GMT
Just back from meeting.
Playing budget 15th in league based on figs sent out by EFL some clubs in league budget around £9million!
Circa £300k being spent on academy team wages etc which is viewed by club as in investment in getting players through to the 1st team.
Contractors appointed for training ground but details will be revealed when planning application made shortly.
Al Qadi family committed to club
We are paying for an office in London for Dwayne Sports
Wait for it - DC still thinks Nicholls will come good
Harrison contract runs out at end of next season.
Will post more if I can recall anything I have missed
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Post by singupgas on Mar 12, 2018 21:43:39 GMT
There really no mention of the ground situation?
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Post by gasandrew on Mar 12, 2018 21:59:14 GMT
Not really they are still considering their options
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Post by stuart1974 on Mar 12, 2018 21:59:33 GMT
Just back from meeting. Playing budget 15th in league based on figs sent out by EFL some clubs in league budget around £9million! Circa £300k being spent on academy team wages etc which is viewed by club as in investment in getting players through to the 1st team. Contractors appointed for training ground but details will be revealed when planning application made shortly. Al Qadi family committed to club We are paying for an office in London for Dwayne Sports Wait for it - DC still thinks Nicholls will come good Harrison contract runs out at end of next season. Will post more if I can recall anything I have missed [br Thanks for the update. What was the atmosphere like? Fairly positive or unconvincing responses? |
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Post by gasandrew on Mar 12, 2018 22:04:03 GMT
Somewhere in between for the majority of the meeting
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Post by Deleted on Mar 12, 2018 22:08:22 GMT
Where was henburys announcement?
Bollocks really? Never!
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Post by 2nd May 1990 on Mar 12, 2018 22:09:13 GMT
Great news about Harrison! Now hopefully we can get the contract extended but if we do lose him in the summer at least we should get a proper fee.
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Post by warehamgas on Mar 12, 2018 22:13:27 GMT
Just back from meeting. Playing budget 15th in league based on figs sent out by EFL some clubs in league budget around £9million! Circa £300k being spent on academy team wages etc which is viewed by club as in investment in getting players through to the 1st team. Contractors appointed for training ground but details will be revealed when planning application made shortly. Al Qadi family committed to club We are paying for an office in London for Dwayne Sports Wait for it - DC still thinks Nicholls will come good Harrison contract runs out at end of next season. Will post more if I can recall anything I have missed Thanks for posting. I have nothing to compare it against so I could be wrong but £300k on the development squad seems good value in today’s money crazy world. Won’t be much more than the costs of an office in London will cost! UTG! |
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Post by paulpirate on Mar 12, 2018 22:17:29 GMT
Great news about Harrison! Now hopefully we can get the contract extended but if we do lose him in the summer at least we should get a proper fee. dont think he would go for much anyway,not clinical enough for championship |
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Post by althepirate on Mar 12, 2018 22:27:53 GMT
TBH I wasn't encouraged by tonight. I thought only DC stood out as ambitious which begs the question 'how long will he wait for big things to happen? I thought there was much vagueness about the board and without any tangible evidence it comes down to trust they are investing for the long term. The stand out phrase for me was by SH 'We may develop the Mem or elsewhere'so we don't even know where our playing future lies.In Feb 2016 we bought a Porsche, we still have that Porsche but the brakes are firmly on and we have no idea what direction we will be travelling.
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Post by lisbongas on Mar 12, 2018 22:33:38 GMT
Great news about Harrison! Now hopefully we can get the contract extended but if we do lose him in the summer at least we should get a proper fee. dont think he would go for much anyway,not clinical enough for championship |
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Post by daniel300380 on Mar 12, 2018 22:34:38 GMT
TBH I wasn't encouraged by tonight. I thought only DC stood out as ambitious which begs the question 'how long will he wait for big things to happen? I thought there was much vagueness about the board and without any tangible evidence it comes down to trust they are investing for the long term. The stand out phrase for me was by SH 'We may develop the Mem or elsewhere'so we don't even know where our playing future lies.In Feb 2016 we bought a Porsche, we still have that Porsche but the brakes are firmly on and we have no idea what direction we will be travelling. Did you expect them to say anything different. Wael said not long ago we can't really about it as we are still having discussions. Expect we are looking into new sites and redeveloping the mem. If they put all thier eggs in one basket, fans would be moaning then! |
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Post by Gas Go Marching In on Mar 12, 2018 22:35:06 GMT
Hopefully Ellis keeps on scoring and we sell him in the summer. He's likely to leave us in January for too little otherwise. We must have offered him an extension already I would imagine.
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Post by singupgas on Mar 12, 2018 22:47:07 GMT
TBH I wasn't encouraged by tonight. I thought only DC stood out as ambitious which begs the question 'how long will he wait for big things to happen? I thought there was much vagueness about the board and without any tangible evidence it comes down to trust they are investing for the long term. The stand out phrase for me was by SH 'We may develop the Mem or elsewhere'so we don't even know where our playing future lies.In Feb 2016 we bought a Porsche, we still have that Porsche but the brakes are firmly on and we have no idea what direction we will be travelling. I honestly can't believe almost the entire football season has passed since we walked away from uwe deal and the club still has no idea what it's plans are. That line gives me little confidence. I would love to know what Wael is going to talk about at this summit next week. |
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Post by pirate49 on Mar 12, 2018 22:53:51 GMT
In Feb 2016 we bought a Porsche, we still have that Porsche but the brakes are firmly on and we have no idea what direction we will be travelling. ...........or whether we can afford the insurance and the petrol...................... |
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