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Post by Antonio Fargas on Aug 2, 2018 12:32:20 GMT
I agree with this, but I think the main difference is the owners are foreigners and/or not gasheads. If we have a gashead owning us, then it's ok to be under-achieving and a bit crap, coz let's face it, that's almost our entire history. If we have a foreign/not-gashead owner then people (not unreasonably) wonder why did they buy us? It's not coz they're gasheads, so what's the reason? Obviously you are too young to remember that we were once a championship side, and that it was a Gashead owner who purchased the Mem for the club. Next? No, I'm not too young, but that has nothing to do with the comment I just made. If you read what I said a bit more carefully, you might understand it a bit better.
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Post by baggins on Aug 2, 2018 12:42:30 GMT
I agree with this, but I think the main difference is the owners are foreigners and/or not gasheads. If we have a gashead owning us, then it's ok to be under-achieving and a bit crap, coz let's face it, that's almost our entire history. If we have a foreign/not-gashead owner then people (not unreasonably) wonder why did they buy us? It's not coz they're gasheads, so what's the reason? Obviously you are too young to remember that we were once a championship side, and that it was a Gashead owner who purchased the Mem for the club. Next? So why did he sell?
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Post by lpgas on Aug 2, 2018 12:42:58 GMT
Obviously you are too young to remember that we were once a championship side, and that it was a Gashead owner who purchased the Mem for the club. Next? well, with the help of other peoples money Yes , but would you prefer to be still at Twerton? or Cheltenham, or Swindon. It was GD who held all the negotiations, and gave the club a mortgage to pay for the Mem
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Post by Deleted on Aug 2, 2018 12:43:09 GMT
How I see things:
The family needed to find something for Wael to do as not need in family bank or hotel business - Hani is regarded by family as the one for running the family businesses.
Rovers was available at a good price and UWE made it even more attractive so it's bought for Wael.
With UWE failing and ongoing losses the family focused on boosting revenue streams and try to keep DC on side with new contract, pitch and infrastructure staff.
They hope development squad will unearth a gem.
With heavy losses the family do not want to invest further funds in development of Colony or new Stadium but spend heavily on 'professional staff' who they hope can develop new income so club can break-even.
Colony only likely to happen if housing can meet a big chunk of costs as Hani does not want to spend £5 million even for facilities that do not produce new income and add to costs.
So big questions are can the family get planning permission for part of Colony and can new 'professional sraff' turn the clubs finance around. Both are perhaps long-shots and in short terms will certainly add to costs.
If and when family has had enough of plugging losses with their own money they will want to sell but big problem likely as loans would need to be partly written off to attract a buyer.
Then comes the big choice - write off big chunk of loan in order to sale the club or liquidate to sell the Mem. and recoup most of the loans.
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Post by baggins on Aug 2, 2018 12:45:35 GMT
well, with the help of other peoples money Yes , but would you prefer to be still at Twerton? or Cheltenham, or Swindon. It was GD who held all the negotiations, and gave the club a mortgage to pay for the Mem And brought us to within days of non existence.
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Post by lpgas on Aug 2, 2018 12:49:08 GMT
Yes , but would you prefer to be still at Twerton? or Cheltenham, or Swindon. It was GD who held all the negotiations, and gave the club a mortgage to pay for the Mem And brought us to within days of non existence. GD? or are you talking about Higsy Baby?
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Post by peterparker on Aug 2, 2018 12:50:35 GMT
well, with the help of other peoples money Yes , but would you prefer to be still at Twerton? or Cheltenham, or Swindon. It was GD who held all the negotiations, and gave the club a mortgage to pay for the Mem Of course not.
All I am saying and not a criticism, but just more evidence we have always needed other peoples money
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Post by baggins on Aug 2, 2018 12:52:12 GMT
And brought us to within days of non existence. GD? or are you talking about Higsy Baby? Does it matter? One of them employed Solicitors that missed caviats to allow Sainsburys to back out of the deal, then couldn't handle the financial commitments of the Club anymore, and sold up. And had their debts paid off. You asked next?
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Post by baggins on Aug 2, 2018 13:01:31 GMT
Did they think they were on too a good thing with the UWE ? Did they buy it for Football reasons ? Why give out mixed messages like training ground,new stadium,revamp the mem etc,landing lights are on Now were it really matters on the pitch Will they back DC I don’t think so. Time for them to come out with their plans for the future of our football club not a tent and a lick of paint. COME ON WAEL AND CO LETS HEAR YOU Prices have gone up and I’m prepared too pay them for something in return Mr Wael. Just be thankful they did otherwise you'd have water all to do every other Saturday.
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Post by Antonio Fargas on Aug 2, 2018 13:03:02 GMT
New electronic turnstiles Redeveloped bar(s) Redeveloped club shop Two new stands (Probably) a lot of additional income from new sponsor partners There's probably more things, those were just off the top of my head. You may not like the transfer dealings so far, but you can't say they haven't been spending money on improving the infrastructure. I would argue that those improvements mentioned are a given for a club our size. Nothing above and beyond whatsoever. Are we supposed to be thankful for our match day experience and infrastructure being raised to the point where it is on par with the likes of Accrington and Forest Green? And yet, no one did it before. So, not so given.
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Post by Deleted on Aug 2, 2018 13:10:01 GMT
Did they think they were on too a good thing with the UWE ? Did they buy it for Football reasons ? Why give out mixed messages like training ground,new stadium,revamp the mem etc,landing lights are on Now were it really matters on the pitch Will they back DC I don’t think so. Time for them to come out with their plans for the future of our football club not a tent and a lick of paint. COME ON WAEL AND CO LETS HEAR YOU Prices have gone up and I’m prepared too pay them for something in return Mr Wael. Just be thankful they did otherwise you'd have water all to do every other Saturday. Every Saturday. who knows we could’ve been better or worst off others were waiting in the wings I was told.
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Post by baggins on Aug 2, 2018 13:11:41 GMT
Just be thankful they did otherwise you'd have water all to do every other Saturday. Every Saturday. who knows we could’ve been better or worst off others were waiting in the wings I was told. Waiting in the wings? Really, like who?
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Post by Topper Gas on Aug 2, 2018 13:14:53 GMT
Did they think they were on too a good thing with the UWE ? Did they buy it for Football reasons ? Why give out mixed messages like training ground,new stadium,revamp the mem etc,landing lights are on Now were it really matters on the pitch Will they back DC I don’t think so. Time for them to come out with their plans for the future of our football club not a tent and a lick of paint. COME ON WAEL AND CO LETS HEAR YOU Prices have gone up and I’m prepared too pay them for something in return Mr Wael. Just be thankful they did otherwise you'd have water all to do every other Saturday. With an asset to debt ratio of 50% plus we were never going to do a Hereford in fact no league club has recently disappeared, that's just BS spread by the Wael fanclub.
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Post by Deleted on Aug 2, 2018 13:31:36 GMT
Every Saturday. who knows we could’ve been better or worst off others were waiting in the wings I was told. Waiting in the wings? Really, like who? I don’t know that probably Rockefeller
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Post by rovers5charlton5 on Aug 2, 2018 13:47:18 GMT
So when you came to renew your s/t or match ticket do you think a) we'll have a nice pitch and decent staff this season or b) we've a good squad of players who may be able challenge for a play off spot? I would have thought that a good squad would have contained at least 2 experienced strikers and 2 less so. I also would think that at least 2 of them could head the ball reasonably well. With 25 hours to go to our first game we have one untested at this level and another useless at this level. Top 6? Don't think so Surely you mean 49 hours, so what's the problem! I trust DC, irrespective of what has happened in the past. I've blindly followed BRFC for 45 years now, and will continue to do so until the day I die. UTG!
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Post by toddy1953 on Aug 2, 2018 13:49:52 GMT
Irrespective of previous owners, the question is why did Wael & Co. buy the club. They made it known they thought they had a good deal as in today's football terms we had relatively little debt & had the asset of the Mem. They also said at the outset that as a club we need a new stadium ASAP & that they were not dependent on selling the Mem to achieve that - this suggests that they were confident of obtaining investment to build UWE. However, it seems to me that either the investors went cold on the idea following Brexit &/or they couldn't persuade UWE to let them have the deal they wanted - which means investors not getting the required returns & therefore not in the best long term interests of the club. So I think basically Wael, pusuaded the family to support his venture. So, whether we like it or they like it & it seems like Wael is the only one who possibly does, they are now owners. They knew what they were buying with the state of the stadium & it seems they have put all their eggs in one basket with UWE & now 30 months on they have to tart the stadium up a bit. However didn't they say what they are doing will pay for itself & didn't Thatchers pay towards the clubhouse revamp. As fans they do not communicate with us so we assume worse - simple things like IF the costs of the training ground has gone up 3x (although in March we were only 9 weeks away from asking for planning) why don't they say, we are not building it? Unless something positive is in the pipeline then sooner rather than later the ones in charge of the purse string will say enough is enough - they may have done so already on the playing side & they may be telling Wael, if you want a striker then you can pay for him? We seem to be building an empire off the pitch, not sure how long we can sustain that, but I suppose they could dismantle all of that including the development squad quite easily.
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Post by baggins on Aug 2, 2018 13:54:09 GMT
Just be thankful they did otherwise you'd have water all to do every other Saturday. With an asset to debt ratio of 50% plus we were never going to do a Hereford in fact no league club has recently disappeared, that's just BS spread by the Wael fanclub. BS spread by the Wael fanclub?
So, why did Higgs sell then?
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Post by baggins on Aug 2, 2018 13:56:32 GMT
Waiting in the wings? Really, like who? I don’t know that probably Rockefeller So, you just made that up. Great. Brilliant. Another "I know jack crap" but I'll just made a thread up to bash the Board. Again.
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Post by Deleted on Aug 2, 2018 14:39:33 GMT
I don’t know that probably Rockefeller So, you just made that up. Great. Brilliant. Another "I know jack crap" but I'll just made a thread up to bash the Board. Again.
Yeah if that’s what you want to think
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Post by swissgas on Aug 2, 2018 14:47:12 GMT
So, you just made that up. Great. Brilliant. Another "I know jack crap" but I'll just made a thread up to bash the Board. Again.
Yeah if that’s what you want to think In an interview with Wael on August 31st 2016 it was stated he beat 10 other bidders to secure ownership of the club. www.venturemagazine.me/2016/08/buying-into-the-beautiful-game/
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