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Post by chewbacca on May 30, 2019 10:34:09 GMT
To be fair, this is only an annual loss. Under Higgs we lost every week.
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Post by toddy1953 on May 30, 2019 10:36:42 GMT
Genuine question, if you're a fan who's debating whether or not to buy one, what would sway you in the direction of buying one? Is it the football? Price? I'm sure both together influence. Obviously last season was a bad one, would a boring mid table finish next season sway you to buy? Or do you want to challenge a bit more? Good question. I have renewed, but waited for the last day, to get the early bird price. I’m lucky that the pension stretches to it (well that’s what I told the Mrs). I would be happy with mid table, but it doesn’t have to be boring. Last season reminded me of my childhood - making up excuses as to why you couldn’t go to Sunday School/Church, but ending up going anyway - except you can’t sneak off for 15 min & have a sh** in the bogs at the Mem. I think during the roller coaster of the last 5 years the club has missed a fantastic opportunity to get new fans on board with what could have been a brilliant journey. Planning for a new stadium finally agreed, training ground land, Wembley visit, promotions, but unfortunately our current & previous owners, couldn’t/wouldn’t make it happen. Mid table in this division will be fine for me as long as we look like we are giving it a go.
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Post by Kingswood Polak on May 30, 2019 11:13:47 GMT
Don't forget that they need to spend 15 million just to buy in BEFORE they spunk 30m+ on a new stadium. I'm fairly confident the Al Qadi's are not going to let sentiment cloud their judgment and give Rovers away to a good home for a knockdown price like Higgs did. They will want the amount they have put in repaid as well as the interest on top. It is becoming increasingly clear that we had one chance to get it right when Higgs sold up because (as the Al Qadi's discovered) the club and the stadium for a knock down price with all that equity to draw upon was a damn good deal. Sadly Higgs blew it, selling the club to people who never had the means to deliver on the infrastructure needed, only the means to pile debt onto the club reasonably risk free (for them) because of the safety net of the equity. Now the equity has been sucked up on failed plans, bloated staff and an office in London in order to effect real change we need a 24 carat gold idiot with a spare 50million (at least) to commit to buying out the current owners, then building a new stadium somewhere and make us self-sufficient. Some time around 2040 they might start to see a return. Regarding the bit in bold, they'll only see a return if we remained a bigger fish in the lower leagues, or went up to the Championship or Premier League and didn't bother trying to compete with the rest of the clubs' transfer fees and wage bills. Football really is not a money making enterprise, I simply don't understand why people buy into it? Vanity? The kudos of being able to say they own a football club shouldn’t be underestimated. The many clubs, that have been bought by foreign concerns, all enjoy playing with their toys. Just our bad luck that we have got the ones who don’t seem to want to move us forward
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Post by geddongas on May 30, 2019 11:16:53 GMT
What I really hope is that the efforts from Tom Gorringe to actually try and increase visibility of the club and the season tickets around the city are not abandoned if we do have affected ST sales this year due to the poor performance on the pitch.
It's hard to take but support for the club is so important for us to develop as we don't have the other revenue streams. If people consistently don't buy season tickets we are only on the way down. So this coming season is vital for us. In footballing terms, we need to provide entertainment that makes people want to buy a ST for 2020/21. In business/marketing terms we cannot be dissuaded by a poor performance this year, as IMO TG's work is probably the only positive step at the club at the moment.
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Post by Deleted on May 30, 2019 11:23:39 GMT
Companies house have confirmed that rovers have submitted their accounts, little bit of good news. There is nothing to get overly excited about. The strike off notice was an automatic ping by CH because as of last Friday, nothing had been uploaded, but Grant Thornton have said they had submitted them. So all this excitement is effectively over nothing. That strike off notice will also probably disappear once they realise the dates correlate. Nothing to get excited about...except of course for the needless bad publicity for the club. The likes of the Bristol Post need no excuse to do their shoddy journalism and paint us in a bad a light. So why do our current owners continually give them the opportunity? You wouldn't run a high street business this way, so why run a football club like it?
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Post by Kingswood Polak on May 30, 2019 11:38:54 GMT
“Shoddiness, lack of organisation or professional management”. Sorry, doesn’t fill me with any confidence to how the club is being run even if it is just a small fine. And to think we had so many experts on the payroll too. The owners certainly don’t half know how to make us look bad. I look forward to anyone’s post, after the AGM, I can see that being tricky.
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Post by Kingswood Polak on May 30, 2019 11:49:20 GMT
Back to the faithful 6k plus floaters IF we could start well and play some decent & entertaining football then crowds will rise, ST or not. I know a few that came back after the second promotion but many of them have only been coming sporadically. We had such promise but no investment. It’s all about how results and style of play. If we are competing then crowds would go up. We are, by and large, a faithful bunch, we are also maybe too tolerant.
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Post by mehewmagic on May 30, 2019 12:35:38 GMT
Popped into the shop today to purchase a few things. Got chatting to staff who said season ticket sales are well down on this time last year :-(. Was always going to be a tough one. Not just a poor season but an awful season at home; one of the worst ever. The old adage of keeping your home fans happy was well and truly busted. 😕 Plus of course ST sales are based on historic results / happiness so last year was based on 4 amazing seasons and the solidity built up during that time. We may never get so many ST sales again.
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Post by gashead1981 on May 30, 2019 12:41:39 GMT
There is nothing to get overly excited about. The strike off notice was an automatic ping by CH because as of last Friday, nothing had been uploaded, but Grant Thornton have said they had submitted them. So all this excitement is effectively over nothing. That strike off notice will also probably disappear once they realise the dates correlate. Nothing to get excited about...except of course for the needless bad publicity for the club. The likes of the Bristol Post need no excuse to do their shoddy journalism and paint us in a bad a light. So why do our current owners continually give them the opportunity? You wouldn't run a high street business this way, so why run a football club like it? Ooh the BP finally has something they have found themselves to write about. Bully for them. The papers will write what they want anyway regardless of fact.. thats why they sell such sensationalist headlines. The accounts were submitted on time as confirmed by the accountants and it was only the bank holiday weekend that triggered the automatic reply from companies house. How much of those facts do you want to misinterpret to bash the board even more? People will know here that in the past I haven't been their greatest fans but even I can see through some of the stupidity being written here.
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Post by mehewmagic on May 30, 2019 12:45:51 GMT
Another thing being discounted is the ALQ's bringing investors on board and only selling off a percentage of the clubs shares, which is their preferred option at the moment. If the owners manage to do this raising extra revenue in the process, sell off the mem for a tidy amount and find a suitable site for a new stadium, there is a chance we can become a more sustainable club than we are currently. I appreciate that is a lot of if, buts and maybe's however it is the leap that the ALQ's need to take if anything good is going to come out of this for either us or them. We need to focus on getting a new stadium however we can and then deal with the debt after that in my view. Slashing the wage bill drastically and firing half the staff will more than likely mean that our league one status will be in jeopardy as well as proving to be demoralising for staff and supporters alike. Increased revenue streams from a new stadium will reduce the debts better than austerity ever will in my opinion. Anyone buying in will want a majority stake - given the way the Al Qadi's have run the club so far if they came to you and said "Ere mate, couldn't lend us 15 million quid could you and we might be able to get you a return in 20 years once we have paid off the debt that we have already run up and paid ourselves our interest as preferential creditors?". You'd tell them to water right off and rightly so. They haven't proven themselves to be very shrewd at all and one shred of this rumour nonsense that I *can* believe is that Wael wanting to remain on the board is proving a sticking point for any would be investor. With all due respect to the guy he is nothing but a show pony and anyone with any real clout and ability to effect change will want him and his family out of the picture because they simply bring nothing of any use to the table. TBH that's not a rumour as such, it's just common sense. Nearly all football ownership partnerships with no clear majority owner end in trouble. And even those that have a majority owner often struggle due to politics, history, personalities, need for new investment etc.
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Post by mehewmagic on May 30, 2019 12:47:57 GMT
Nothing to get excited about...except of course for the needless bad publicity for the club. The likes of the Bristol Post need no excuse to do their shoddy journalism and paint us in a bad a light. So why do our current owners continually give them the opportunity? You wouldn't run a high street business this way, so why run a football club like it? Ooh the BP finally has something they have found themselves to write about. Bully for them. The papers will write what they want anyway regardless of fact.. thats why they sell such sensationalist headlines. The accounts were submitted on time as confirmed by the accountants and it was only the bank holiday weekend that triggered the automatic reply from companies house. How much of those facts do you want to misinterpret to bash the board even more? People will know here that in the past I haven't been their greatest fans but even I can see through some of the stupidity being written here. I don't think anyone was suggesting the accounts WERE submitted in time. They were submitted late. But not as late as some thought due to holiday / backlog.
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Post by Deleted on May 30, 2019 13:12:29 GMT
Ooh the BP finally has something they have found themselves to write about. Bully for them. The papers will write what they want anyway regardless of fact.. thats why they sell such sensationalist headlines. The accounts were submitted on time as confirmed by the accountants and it was only the bank holiday weekend that triggered the automatic reply from companies house. How much of those facts do you want to misinterpret to bash the board even more? People will know here that in the past I haven't been their greatest fans but even I can see through some of the stupidity being written here. I don't think anyone was suggesting the accounts WERE submitted in time. They were submitted late. But not as late as some thought due to holiday / backlog. Wait... What... Are you suggesting some people on the forum were wrong? i am simply flabergasted.
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Post by mehewmagic on May 30, 2019 13:46:27 GMT
I don't think anyone was suggesting the accounts WERE submitted in time. They were submitted late. But not as late as some thought due to holiday / backlog. Wait... What... Are you suggesting some people on the forum were wrong? i am simply flabergasted. Err. Not sure which one you are referring to. The possible (accidental?) rewriting of history to suggest that they were not filed late is surely the biggie on that particular post.
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Post by Deleted on May 30, 2019 16:46:31 GMT
Nothing to get excited about...except of course for the needless bad publicity for the club. The likes of the Bristol Post need no excuse to do their shoddy journalism and paint us in a bad a light. So why do our current owners continually give them the opportunity? You wouldn't run a high street business this way, so why run a football club like it? Ooh the BP finally has something they have found themselves to write about. Bully for them. The papers will write what they want anyway regardless of fact.. thats why they sell such sensationalist headlines. The accounts were submitted on time as confirmed by the accountants and it was only the bank holiday weekend that triggered the automatic reply from companies house. How much of those facts do you want to misinterpret to bash the board even more? People will know here that in the past I haven't been their greatest fans but even I can see through some of the stupidity being written here. Agree that it is a crap paper. Trouble is, people believe what they read. That's if they've bothered to go past the headline. I want to support the board, but this is bad publicity that could have been avoided, at a time when we are fighting to compete with a more affluent, better run set competitor for customers/fans.
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Post by peterparker on May 31, 2019 7:38:40 GMT
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Post by lympstonegas on May 31, 2019 7:45:38 GMT
OTIB are going to just love this news
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Post by Topper Gas on May 31, 2019 7:49:43 GMT
But what's the current value of the Mem?
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Post by peterparker on May 31, 2019 7:59:28 GMT
But what's the current value of the Mem? £11.1m currently as per accounts, although it probably could be realised for a bit more
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Post by Antonio Fargas on May 31, 2019 8:02:16 GMT
OTIB are going to just love this news There's a recognised psychological condition for Gasheads who care about what OTIB think. It comes from spending too much time reading their forum and giving a sh**. It leads to not knowing whether you're really in south Bristol or not. It's called Stockwood Syndrome.
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Post by Henbury Gas on May 31, 2019 8:08:06 GMT
But what's the current value of the Mem? £11.1m currently as per accounts, although it probably could be realised for a bit more That's grim reading..... £3,268,865 to loss..... £580k Profit on Player sales..... £454K Paid in interest ffs.......... Hani taken his bit then
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