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Post by peterparker on Sept 9, 2018 7:32:08 GMT
So the new owners will build UWE, the Al Qadis will get the Mem. They wont be Rovers fans will they, but not foreign, unless Ed Ware and his Merchant Venturer mates are involved Who will own UWE Stadium and how much will the football club get back after the new owners take their repayment cut and UWE take whatever they want and on land we dont own So just as many questions as always and pretty much the sort of questions when Nick Higgs and UWE announced the project in the first place Plan was always for us to own it but lease the land its on Is that the plan under the apparent new owners though?
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Post by blueridge on Sept 9, 2018 7:34:57 GMT
So the new owners will build UWE, the Al Qadis will get the Mem. They wont be Rovers fans will they, but not foreign, unless Ed Ware and his Merchant Venturer mates are involved Who will own UWE Stadium and how much will the football club get back after the new owners take their repayment cut and UWE take whatever they want and on land we dont own So just as many questions as always and pretty much the sort of questions when Nick Higgs and UWE announced the project in the first place Plan was always for us to own it but lease the land its on The lease was for only 125 years - a major sticking point for Wael - apparently!!! 😦
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Post by Deleted on Sept 9, 2018 7:36:27 GMT
Anybody have any form of physical evidence to back up any of these rumours? I refuse to be inflated up by one to be yet deflated once again. Put up or the other one 😜
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Post by knowall on Sept 9, 2018 7:38:01 GMT
Only confirming, I have been told the same as spoony. Whether you choose to believe it or not, is your prerogative. Do they have the financial backing required or will we be a toy and after a couple of years decide the Gas are not for them? wonder whether one of them is called Ed? Exciting news if true and seems knowall should be knighted and re named Sir Knew it all along 😂I accept - where do I collect my gong?
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Post by blueridge on Sept 9, 2018 7:39:13 GMT
Anybody have any form of physical evidence to back up any of these rumours? I refuse to be inflated up by one to be yet deflated once again. Put up or the other one 😜 Don't think too many on here will be too bothered whether you're "inflated" or "deflated" frankly.
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Post by Deleted on Sept 9, 2018 7:40:15 GMT
Anybody have any form of physical evidence to back up any of these rumours? I refuse to be inflated up by one to be yet deflated once again. Put up or the other one 😜 Don't think too many on here will be too bothered whether you're "inflated" or "deflated" frankly. ok ignore that bit - any evidence?
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Post by simon1883 on Sept 9, 2018 7:40:25 GMT
I don't believe so, no. I don't think any of the old guard are involved. That couldn’t be possible... could it? Anyway, I’m off to get some more petroleum from the local garage.....
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Post by Deleted on Sept 9, 2018 7:49:52 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info.
Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again.
The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5.
The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams.
the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts.
as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit?
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Post by singupgas on Sept 9, 2018 7:52:13 GMT
We have to persue this deal with uwe and i would rather die trying to make us a success then settle for the state we have been in for my entire lifetime. No more f**king tented village. Selling our best players for peanuts and watching every other league club leapfrog us in facilities and ambition. I refuse to look left from where I am at the mem. Can't bare looking at the tents.
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Post by singupgas on Sept 9, 2018 7:57:34 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? What I don't get is, if we had the money and we spent millions on the ground, why or how could uwe have any say on non matchday, commercial revenue. The agreement is to pay to have the stadium built on their land. I would yes all for Wael seeking outside investment, but if I am honest I have been put off by the lack of communication, showing face. I don't really support someone who goes into hiding. Plus there will always be that feeling that the family won't back the club with serious money, even if the stadium is built.
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Post by spoony on Sept 9, 2018 7:57:43 GMT
Ok, I started this so here goes, I got wind of this towards the end of last season but like many thought it was just more talk. I can tell you that today from an impeccable source widely respected amongst the Gas family and far too dignified to utter an unsubstantiated rumour that the club has been sold with completion expected next month, he understands that the buyer owns a construction company in Southampton. Oh, the training ground won't happen at the colony its already built almost complete by the UWE alongside the M32 I am not ITK just passing this on I have heard similar, relating to the training ground except that UWE training ground is to be used whilst colony is being built
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Post by gasandelectricity on Sept 9, 2018 7:59:57 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? This sounds the most sensible to me. Also feels like the best deal for the club. If true would put Wael back in the good books!
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Post by Deleted on Sept 9, 2018 8:06:46 GMT
I respect your opinions on what you have been told and your right to discuss them but it all sounds a bit far fetched so I'm not getting too excited yet!
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Post by Deleted on Sept 9, 2018 8:08:06 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? What I don't get is, if we had the money and we spent millions on the ground, why or how could uwe have any say on non matchday, commercial revenue. The agreement is to pay to have the stadium built on their land. I would yes all for Wael seeking outside investment, but if I am honest I have been put off by the lack of communication, showing face. I don't really support someone who goes into hiding. Plus there will always be that feeling that the family won't back the club with serious money, even if the stadium is built. That was the Al Qadi’s argument.... UWE was that we were getting the land for pretty much free, use for free on match days, income from match days and a proportion of non matchday revenue etc. They were the landholder and they were also putting some investment into the build. It it was all very complex with terms here, percentages and rights there. The discussions now is around a much simpler arrangement but in order to achieve, we need a greater investment amount hence the deal with the construction firm to remove UWE from investing in the build and enabling us to have more control on revenue. We won’t own the land though - it will still be leased.
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Post by Deleted on Sept 9, 2018 8:08:21 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? That would make sense. But only if the mem as sold housing is of significant value enough to both satisfy the investor(s) and provide the additional capital the current owners require to build the new stadium
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Post by Deleted on Sept 9, 2018 8:14:51 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? That would make sense. But only if the mem as sold housing is of significant value enough to both satisfy the investor(s) and provide the additional capital the current owners require to build the new stadium I think it’s a case of construction company builds stadium and training facility for say combined amount of £50m.... they get £18m mem site for free (£1) and build flats, houses etc on there. They could make a significant money here. Asboard member they also get any share dividend the club ever announce and there will probably be free advertising and sponsorship as well as future exclusivity arrangements. I am just speculating here now though....
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Post by Antonio Fargas on Sept 9, 2018 8:18:09 GMT
I know who the new owner is, don't want to spread any rumours but let's just say the deal is 'watertight' 👀 Watertight, Liverpool/Isle of Man consortium, is it the Douglas Ferry?
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Post by Antonio Fargas on Sept 9, 2018 8:34:14 GMT
Plan was always for us to own it but lease the land its on The lease was for only 125 years - a major sticking point for Wael - apparently!!! 😦 Pretty sure that a lot of the negotiation was over how much continuous and matchday revenue would go to the club and how much would go to UWE. Surely this is the most important element. If we get little matchday, etc, revenue, we'll just be another Coventry. If we get it all, then we may as well own the freehold. Surely the actuality will be somewhere in the middle.
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Post by Gassy on Sept 9, 2018 8:35:20 GMT
Not saying it’s true or not as I have only heard this from someone who appears to get pretty reliable info. Rovers are not being sold. What instead is happening is that Wael has been seeking outside investment to complete the training ground and either redevelop the mem or build a new stadium (could be UWE). Talks with UWE are underway and contrary to what has been said on this thread, the previous deal at UWE was not good for Rovers or the owners in the long term. Rovers would have played at the stadium for a peppercorn rent and would have received matchday income. However UWE were set to have priority for non matchday use and the income for non matchday revenue was stacked significantly in UWEs favour hereby reducing the income rovers could receive and meant rovers would not be able to compete financially or be sustainable. Commercial deals were also not stacked in the clubs favour as UWE wanted a cut of all stadia sponsorship arrangements etc. So in a nutshell rovers would have got a stadium but would have not got the revenue streams we needed. At the time UWE wouldn’t shift on this. However they have now reconsidered and discussions are tentatively underway again. The training facilities at UWE are not big enough for the number of teams UWE have and to accommodate all of Rovers sides. People are putting 2+2 together and getting 5. The deal that is being worked on with the investors is that they will get a place on the board, and they will build the colony and ‘stadium’ wherever that may be - and in return they will get the mem land for a nominal amount to build houses. The delay is that this can’t be announced until either the UWE or the new stadium land has been agreed. There is a fallback option of mem redevelopment but that would mean Rovers sacrificing income streams. the main reason people are getting confused is that this is a single construction company investor not multi investors of smaller amounts. as I said could be complete bull as it’s just what I’ve been told by someone else but would kinda fit? Well if it was made up, it’s a pretty elaborate mind. The idea of the deal seems pretty sound - although for me it sounds too good to be true
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Post by Antonio Fargas on Sept 9, 2018 8:46:14 GMT
What I don't get is, if we had the money and we spent millions on the ground, why or how could uwe have any say on non matchday, commercial revenue. The agreement is to pay to have the stadium built on their land. That would be exactly why Wael said it wasn't a good deal for the club.
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