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Post by blueridge on Feb 28, 2018 21:57:07 GMT
Not really. The money will have been spent. The fact that it's possible for them to recover that via a sale of the assets is a bit of a different matter. That's assuming the assets are still greater than the debts? If the Mem is worth around £15m it can be long now before the we have no assets if we continue to lose £2m/3m p.a. It will be interesting to know where all this money is being spent given that DC's continually complaining about his budget. I would suggest Business Class airfares between London & Amman & other flights associated with BRFC business - salaries for The Chairman, Finance Director & Commercial Manager - Hotel Accommodation & expenses for these individuals during the working week (these boys don't come cheap) and First Class Hotel Accomodation for Wael whist over here on BRFC business and off course the associated costs for the huge increase in back room staff for the Playing Side. On top of this lot consultancy costs et al associated with the new infrastructure planned!!! I'm sure there's a lot more which will come out in the wash.
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Post by aghast on Feb 28, 2018 22:05:41 GMT
That's assuming the assets are still greater than the debts? If the Mem is worth around £15m it can be long now before the we have no assets if we continue to lose £2m/3m p.a. It will be interesting to know where all this money is being spent given that DC's continually complaining about his budget. I would suggest Business Class airfares between London & Amman & other flights associated with BRFC business - salaries for The Chairman, Finance Director & Commercial Manager - Hotel Accommodation & expenses for these individuals during the working week (these boys don't come cheap) and First Class Hotel Accomodation for Wael whist over here on BRFC business and off course the associated costs for the huge increase in back room staff for the Playing Side. On top of this lot consultancy costs et al associated with the new infrastructure planned!!! I'm sure there's a lot more which will come out in the wash. I'm sure you're right there. All those consultants, trips and new staff will have cost hundreds of thousands over the year. However, if those expenses were incurred to change us from a tinpot outfit into a club ready for the Championship, then it will be money well spent.
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Post by orgasmic on Feb 28, 2018 22:07:47 GMT
The figure quoted seems to be accurate. Why would that lack credibility? As I said attack the post not the poster. Rules are rules after all. his previous posts have shown a lack of credibility and good intention albeit I do concede this figure may be accurate in this instance. The motive though is always a concern. Oh how I wish his posts reflected his well-meaning character. But the rules state to “Constructively attack posts not posters.” I’ve simply highlighted that this rule has been breached and asked mods to take action. I’m sure you can’t have an issue with that?
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Post by LJG on Feb 28, 2018 22:09:14 GMT
That's assuming the assets are still greater than the debts? If the Mem is worth around £15m it can be long now before the we have no assets if we continue to lose £2m/3m p.a. It will be interesting to know where all this money is being spent given that DC's continually complaining about his budget. I would suggest Business Class airfares between London & Amman & other flights associated with BRFC business - salaries for The Chairman, Finance Director & Commercial Manager - Hotel Accommodation & expenses for these individuals during the working week (these boys don't come cheap) and First Class Hotel Accomodation for Wael whist over here on BRFC business and off course the associated costs for the huge increase in back room staff for the Playing Side. On top of this lot consultancy costs et al associated with the new infrastructure planned!!! I'm sure there's a lot more which will come out in the wash. Hahaha brilliant. Rovers fans really are f**king fantastic. "They're not spending enough! They're not spending enough! The bins haven't been collected and the players haven't been paid. They're not spending enough!" "£3m in losses?! They're spending too much! They're spending too much! They're chucking money away on hotels and flights and strippers! They're spending too much!" F**king magic roundabout bullsh*t. F**k this lads, I'm off for a few weeks until the latest instalment of Topper's Question Time has blown over.
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Post by Dirt Dogg on Feb 28, 2018 22:11:40 GMT
When has gasinsider ever been right about anything? The bloke obviously gets a kick out of bullshitting over online forums.
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Post by Topper Gas on Feb 28, 2018 22:30:20 GMT
When has gasinsider ever been right about anything? The bloke obviously gets a kick out of bullshitting over online forums. But Knowall has more or less confirmed the headline figure is correct?
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Post by Topper Gas on Feb 28, 2018 22:37:05 GMT
I would suggest Business Class airfares between London & Amman & other flights associated with BRFC business - salaries for The Chairman, Finance Director & Commercial Manager - Hotel Accommodation & expenses for these individuals during the working week (these boys don't come cheap) and First Class Hotel Accomodation for Wael whist over here on BRFC business and off course the associated costs for the huge increase in back room staff for the Playing Side. On top of this lot consultancy costs et al associated with the new infrastructure planned!!! I'm sure there's a lot more which will come out in the wash. Hahaha brilliant. Rovers fans really are f**king fantastic. "They're not spending enough! They're not spending enough! The bins haven't been collected and the players haven't been paid. They're not spending enough!" "£3m in losses?! They're spending too much! They're spending too much! They're chucking money away on hotels and flights and strippers! They're spending too much!" F**king magic roundabout bullsh*t. F**k this lads, I'm off for a few weeks until the latest instalment of Topper's Question Time has blown over. So the usual resort to using foul language from you, well done it only took 5 pages tonight before you lost your rag, I guess defending Wael's becoming a bit too hard for ya.
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Post by axegas on Feb 28, 2018 22:43:30 GMT
When has gasinsider ever been right about anything? The bloke obviously gets a kick out of bullshitting over online forums. Wasn't he the one who started the new beginning thread? Obviously he used to have so called "sources" but I don't think the corridors of power have been that kind to him recently.
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Post by gasincider on Feb 28, 2018 23:07:57 GMT
Sorry to keep you waiting. I was called to sort an incident with my grandson so couldn't detail much and in light of some comments on here can't be bothered to now. If it helps another £916k was written off this year regarding the UWE project so we ONLY lost £2.1m this financial year.
As for corridors of power, they tell me about the trip that was to be arranged in the summer to Sabadell, and also an improvement for our players making a grand entrance to the arena. But of course I could be lying, so what's the point.
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Post by Captain Jayho on Feb 28, 2018 23:20:02 GMT
Disappointing to see these losses on paper, but hardly unexpected.
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Post by socrates on Feb 28, 2018 23:31:18 GMT
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Post by Deleted on Feb 28, 2018 23:42:10 GMT
I think any losses have to be taken in context. The football world is crazy,most clubs in the championship are losing £10m per year and spending more than their total income on players salary. Its harder to find league one stuff but i doubt many clubs break even.
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Post by Severncider on Mar 1, 2018 1:47:02 GMT
The figures I quoted are those in the recently issued accounts received by the Shareholders who have bothered to ask for a copy, not a mythical figure some posters have suggested, even some moderators.
The comment by Gasinsider is 100% correct, it should be as he also has a copy of the accounts. I am very disappointed that some of the Moderators have spilled their usual bile, it says more about them than the OP.
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Post by Hugo the Elder on Mar 1, 2018 5:55:44 GMT
The figures I quoted are those in the recently issued accounts received by the Shareholders who have bothered to ask for a copy, not a mythical figure some posters have suggested, even some moderators. The comment by Gasinsider is 100% correct, it should be as he also has a copy of the accounts. I am very disappointed that some of the Moderators have spilled their usual bile, it says more about them than the OP. First off, it's not Moderators. It was just me. Secondly, I did not question the truthfulness of the figure quoted. Finally, I did not spill bile, but I did question the motives and intentions of the OP because of the way it was written. Context is everything. If it makes you all feel better I will ban myself for 2 weeks.
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Post by Henbury Gas on Mar 1, 2018 6:21:13 GMT
The figures I quoted are those in the recently issued accounts received by the Shareholders who have bothered to ask for a copy, not a mythical figure some posters have suggested, even some moderators. The comment by Gasinsider is 100% correct, it should be as he also has a copy of the accounts. I am very disappointed that some of the Moderators have spilled their usual bile, it says more about them than the OP. First off, it's not Moderators. It was just me. Secondly, I did not question the truthfulness of the figure quoted. Finally, I did not spill bile, but I did question the motives and intentions of the OP because of the way it was written. Context is everything. If it makes you all feel better I will ban myself for 2 weeks. Hugo, you are the last person i would ban. considering some of the guff posted on here by some people (including me), you are quite "Moderate" in your views...
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Post by Henbury Gas on Mar 1, 2018 6:23:39 GMT
If the £3m + figure is true and i have no doubt that it is (will confirm when i get my copy of the accounts) that will be a very small drop in the large ocean when we start to develop the new stadium complex.
In Wael we trust
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Post by orgasmic on Mar 1, 2018 6:37:50 GMT
The figures I quoted are those in the recently issued accounts received by the Shareholders who have bothered to ask for a copy, not a mythical figure some posters have suggested, even some moderators. The comment by Gasinsider is 100% correct, it should be as he also has a copy of the accounts. I am very disappointed that some of the Moderators have spilled their usual bile, it says more about them than the OP. First off, it's not Moderators. It was just me. Secondly, I did not question the truthfulness of the figure quoted. Finally, I did not spill bile, but I did question the motives and intentions of the OP because of the way it was written. Context is everything. If it makes you all feel better I will ban myself for 2 weeks. Context is everything. Your post didn't attack the post (ie the content), but the style the poster had written in. It effectively mocked the legitimacy of the post when you look at it in context. You have also liked posts that attack the poster not the post so have made your position on this clear. Seems it's ok to break the forum rules and attack the poster not the post if that poster (or his posts) is unpopular with mods.
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Post by gas2 on Mar 1, 2018 7:27:46 GMT
This is why we need a new stadium to generate more income out side of football ?
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Post by Deleted on Mar 1, 2018 8:00:47 GMT
No one knows FA delete this childish thread I think gasincider is trying to outdo henburygas I think you need to take a rain check, the annual results are due out before the AGM on the 12th March and it doesn't take rocket science to work out they are due around now, clearly GI's either got them or been told pf the contents, plus it seems somebody on the OTIB's got wind of the losses. Although as others have suggested some more info would be nice. Well then when all the facts are available let’s see them and just not presume making up figures and muck spreading that’s for them across the river UTG
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Post by northridinggas on Mar 1, 2018 8:05:10 GMT
I'm afraid this has turned into a typical back-biting Gaschat thread but going back to the meat of the subject I'm surprised people are so sanguine about these figures. If these losses (which in operational terms seem to be significantly worse) are being clocked up against the value of the Mem then the critical point in terms of cumulative investment/losses exceeding asset value will soon be here. We are then left with hoping that the family will continue to fund the losses on an unsecured basis (whilst moving forward with investment). They may well be prepared to do this but this feels ike blind faith which personally makes me nervous.
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