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Post by Topper Gas on Mar 3, 2018 21:31:36 GMT
AJB cannot sell Bristol Rovers because they do not own it - nor do they own Dwane Sports. Dwane Sports owns Bristol Rovers (or 92% of) and Dwane Sports is owned by the Al-Qadi famiy - not the AJBank. The owners of AJB are the same people who own, finance and underwrite losses on BRFC via DS or any other holding company you want to call it. The majority shareholders are Hani and his father. Wael is not a majority shareholder in either. He is a listed director of BRFC the same as Steve Hamer, who also has no controlling interest. Meaning Hani and his father is the money man for everything, meaning he controls the financial aspect and future of BRFC. If Hani and the other majority shareholders decide that no more money is to be spent on DS who own and control BRFC then Wael has no influence otherwise as he is not a majority shareholder in either company. I am not talking about AJB wanting to sell, I’m talking about whether the majority shareholders of the ALQ personal wealth who own as a collective all companies decide whether to continue to finance DS/BRFC or want the money loaned to the club repaid. The only way Wael could do it is by taking control of DS himself via any personal wealth and becoming the sole director owner and majority shareholder. But there is no evidence to suggest he has any. That is what you are choosing to ignore. And why it makes our situation potentially perilous. Clearly you can’t educate pork....only stuff it. In my view the ALQ's also being large shareholders is fairly irrelevant as given they are not majority shareholder in the bank then they clearly would have to gain approval from the other major shareholders before investing in Dwane Sports/BRFC they can't just invest in Rovers because it's their own bank. To counteract what you are suggesting it seems Wael's not that far behind Hani & Samer when it comes to his holdings in the bank: Equities % Abdul Qader Abdullah Ahmed Al-Qadi 17.6%Central Bank of Libya 12.8% The Arab Investment Co. SAA 10.3% Hamad bin Jassim bin Jabor Al-Thani 9.09% Mahmoud Khalil Abdel Rahman Abu Al-Rab 4.73% Hani Abdul Qader Al-Qadi, MBA 4.60% Samer Abdulkader Abdullah Al-Qadi 4.22%Social Security Corp. 4.08% Wael Abdel Qader Abdullah Al-Qadi 3.75%Nahawi Sohad Salah Said Al 3.64% As far as Dwane Sport is concerned we were told when they bought the club that all 4 family members had a 25% holder so there doesn't seem to be a majority shareholder as you imply, although clearly one family member as to make the final decisions but having backed Wael for 2 years at a cost of £14m then you would have to hope that they keep supporting the club, whether they are prepared to plough more in for The Colony & stadium is yet to be seen. Although if this article is correct Wael seems a wealthy individual in his own right if his family decide not to keep on backing him. www.bristolpost.co.uk/sport/football/football-news/rich-list-how-wealth-bristol-3330
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Post by peterhooper57 on Mar 3, 2018 21:43:36 GMT
If Hani and Co sell Rovers, someone else will buy it, that’s business, why all the pannic ? BRFC is about a history, legacy, a future and most importantly Supporters, non of which any business can really own, only influence and or effect. The supporters will always be the heart beat, without supporters Hani and his family own nothing. utg
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stuart1974
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Post by stuart1974 on Mar 3, 2018 22:28:52 GMT
Shareholding aside, the AJIB is run by a board of directors. There are 11 of which Hani and his father are but two.
DS is run by 4, so Hani still does not have total control here.
This is assuming that the AJIB is in fact the source of funds. For all we know they are merely using their contacts rather than direct banking facilities.
Besides, the losses will not be a surprise to them, they will have been well aware throughout the financial year how much things were costing. Even then, they still sanctioned the backroom staff, DC's contract, the relaying of the pitch, etc.
Those are not the actions of people looking to pull out. If they are willing to plug a £2m gap in the short term, and still fund tbings like that which they had no obligation to do, then in my opinion that will be because they have a plan to get things back on track.
We just don't know or understand what that plan is, which is why many are concerned. In the absence of information a negative narrative is being written.
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Post by Deleted on Mar 3, 2018 23:00:24 GMT
Flippant remarks aside, this whole thing about Hani being the money man, and Wael being the playboy who was given a little football club to keep him out of mischief, is clearly just made-up stuff. We have no idea about how close the relationship is between the members of the family, but a forum myth seems to have developed that Wael wants to spend millions, and Hani is the evil dark lord stopping it happening. It's just speculation and gossip. Until we have some news, how can we judge the family? Which is why we need some news. Or want it, at least. Hamer himself told us that Hani needs business cases for any spending so, to us Gasheads at least, Hani might as well be the dark lord.
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Post by Colyton Gas on Mar 3, 2018 23:06:23 GMT
Hope Mr Wael was there to-day to see we are a million years behind in the stadium stakes.Having said that ,their club is a bit soulless.
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Post by singupgas on Mar 3, 2018 23:13:48 GMT
Hope Mr Wael was there to-day to see we are a million years behind in the stadium stakes.Having said that ,their club is a bit soulless. Can't really compare our fan base with theirs. I can imagine (dream) of Rovers playing in a stadium like theirs though. If only.
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Post by Topper Gas on Mar 3, 2018 23:21:24 GMT
Shareholding aside, the AJIB is run by a board of directors. There are 11 of which Hani and his father are but two. DS is run by 4, so Hani still does not have total control here. This is assuming that the AJIB is in fact the source of funds. For all we know they are merely using their contacts rather than direct banking facilities. Besides, the losses will not be a surprise to them, they will have been well aware throughout the financial year how much things were costing. Even then, they still sanctioned the backroom staff, DC's contract, the relaying of the pitch, etc. Those are not the actions of people looking to pull out. If they are willing to plug a £2m gap in the short term, and still fund tbings like that which they had no obligation to do, then in my opinion that will be because they have a plan to get things back on track. We just don't know or understand what that plan is, which is why many are concerned. In the absence of information a negative narrative is being written. DC's the prize asset of the business lose him and the business could lose millions if we were relegated, so tying him down to a 5 year contract was money well spent and it could well be he demanded the relaying of the pitch etc. Off the field there's hardly any money been spent in the last year or so and whether we will get the new club shop and toilets this summer only time will tell but it seems there's been no big expenditure since the UWE talks ended.
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Post by peterparker on Mar 4, 2018 6:31:44 GMT
Flippant remarks aside, this whole thing about Hani being the money man, and Wael being the playboy who was given a little football club to keep him out of mischief, is clearly just made-up stuff. We have no idea about how close the relationship is between the members of the family, but a forum myth seems to have developed that Wael wants to spend millions, and Hani is the evil dark lord stopping it happening. It's just speculation and gossip. Until we have some news, how can we judge the family? Which is why we need some news. Or want it, at least. Hamer himself told us that Hani needs business cases for any spending so, to us Gasheads at least, Hani might as well be the dark lord. So like a real business then. Just because that happens doesnt mean they wont spend money as clearly they have. Why did they buy land for a training ground for instance
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stuart1974
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Post by stuart1974 on Mar 4, 2018 8:24:07 GMT
Shareholding aside, the AJIB is run by a board of directors. There are 11 of which Hani and his father are but two. DS is run by 4, so Hani still does not have total control here. This is assuming that the AJIB is in fact the source of funds. For all we know they are merely using their contacts rather than direct banking facilities. Besides, the losses will not be a surprise to them, they will have been well aware throughout the financial year how much things were costing. Even then, they still sanctioned the backroom staff, DC's contract, the relaying of the pitch, etc. Those are not the actions of people looking to pull out. If they are willing to plug a £2m gap in the short term, and still fund tbings like that which they had no obligation to do, then in my opinion that will be because they have a plan to get things back on track. We just don't know or understand what that plan is, which is why many are concerned. In the absence of information a negative narrative is being written. DC's the prize asset of the business lose him and the business could lose millions if we were relegated, so tying him down to a 5 year contract was money well spent and it could well be he demanded the relaying of the pitch etc. Off the field there's hardly any money been spent in the last year or so and whether we will get the new club shop and toilets this summer only time will tell but it seems there's been no big expenditure since the UWE talks ended. Agree about DC but he was already under contract so it remains committed expenditure they didn't need to make if they were looking to restrict spending. As for the UWE they appear to have spent a further tranche of funds trying to make that work. And thus we end and restart a circular argument. 😐
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Post by oldgas on Mar 4, 2018 10:00:15 GMT
Leave it out sounds like a right load of old pork pies Saying i like pork pies is a could be a very racist remark.... How do you know that i'm not a follower of the muslim faith and as such i could have you in court... At the risk of being a Pedant, I think you'll find it would be a faith hate crime. Being a Muslim isn't a race, it's the follower of a particular religion. Anyway, I've never seen you down the Mosque. Have you lapsed in your faith, my brother?
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Post by gasify on Mar 4, 2018 10:30:30 GMT
They are separate entities and as such there is no obligation on the Bank to support Bristol Rovers. The obligation is on the Shareholders of Dwane Sports. Just in the same way there was no obligation on Ware Homes or Bradshaw Holdings. The obligation was on the individuals and not another Company they owned or were shareholders of. Correct, but using your analogy of the previous board, if they withdrew funding or ran out of money or went bust, whichever you prefer, what would happen to the other company relying on profits from another source? Answer: it would collapse and so would everything under the umbrella thereof. So the bank has to underwrite the losses of another company of which the shareholders are linked. Why do you think Hani’s signature of guarantee needs to be on our accounts? Umm, maybe to do with basic financial concepts? This one is called the ‘Going Concern’ concept.
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Post by South Stand Ultra on Mar 4, 2018 11:49:44 GMT
I've read 16 pages of this, and still haven't got a clue whats going on!!!!
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Post by knowall on Mar 4, 2018 12:34:02 GMT
Flippant remarks aside, this whole thing about Hani being the money man, and Wael being the playboy who was given a little football club to keep him out of mischief, is clearly just made-up stuff. We have no idea about how close the relationship is between the members of the family, but a forum myth seems to have developed that Wael wants to spend millions, and Hani is the evil dark lord stopping it happening. It's just speculation and gossip. Until we have some news, how can we judge the family? Which is why we need some news. Or want it, at least. Hamer himself told us that Hani needs business cases for any spending so, to us Gasheads at least, Hani might as well be the dark lord. I would hope that any Board member needs a sound business case for any spending
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Post by knowall on Mar 4, 2018 12:38:05 GMT
Correct, but using your analogy of the previous board, if they withdrew funding or ran out of money or went bust, whichever you prefer, what would happen to the other company relying on profits from another source? Answer: it would collapse and so would everything under the umbrella thereof. So the bank has to underwrite the losses of another company of which the shareholders are linked. Why do you think Hani’s signature of guarantee needs to be on our accounts? Umm, maybe to do with basic financial concepts? This one is called the ‘Going Concern’ concept. Not so - only if the Companies are directly linked.
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Post by sallycinnamon on Mar 4, 2018 13:30:06 GMT
Leave it out sounds like a right load of old pork pies Saying i like pork pies is a could be a very racist remark.... How do you know that i'm not a follower of the muslim faith and as such i could have you in court... stop being a clown
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Post by South Stand Ultra on Mar 4, 2018 13:37:44 GMT
Saying i like pork pies is a could be a very racist remark.... How do you know that i'm not a follower of the muslim faith and as such i could have you in court... stop being a clown Jeez, talk about being obsessed, you can't seem to leave Henbury alone.
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Post by South Stand Ultra on Mar 4, 2018 13:47:35 GMT
O'dear. Says it all when you resort to name calling Cap fits you well pal Sure does friend.
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Post by Midsomer Murderer on Mar 4, 2018 14:55:31 GMT
let's go Dam mental la la la la
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Post by Russgas on Mar 4, 2018 15:51:13 GMT
Can we please be respectful to each other guys. I've just had to delete some of the unnecessary and childish insults on here.
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Post by gasandelectricity on Mar 4, 2018 16:51:57 GMT
Sorry if I’ve missed it but is there a copy floating around?
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