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Post by buckaroo on Nov 10, 2019 22:55:26 GMT
And they don't tell us anything, and there's still the issue of sausage rolls. I've had some sausage rolls in my time and no mistake the ones at the mem are not even in the bottom half. Incidentally the finest sausage roll money can buy can be found at the M5 Gloucester services. aka Tellytubbyland.
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Post by Deleted on Nov 12, 2019 14:55:30 GMT
58 million.
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Post by Deleted on Nov 12, 2019 15:04:02 GMT
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Post by Deleted on Nov 12, 2019 16:03:17 GMT
Um...now look...now look, mate, I've definitely 'ad enough of this. That plan is definitely deceased, and when I first read about it not 'alf a year ago, you assured me that its total lack of movement was due to it bein' tired and shagged out following a prolonged negotiation.
It’s dead, deceased.......it’s *k*ng snuffed it.
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Post by gasandelectricity on Nov 12, 2019 16:06:57 GMT
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Post by Deleted on Nov 12, 2019 16:11:42 GMT
Great defender, half decent radio presenter.
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Post by singupgas on Nov 12, 2019 16:37:22 GMT
Be surprised to hear anything at all, ever.
Dont have 58 pence to rub together, let alone 58 million.
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Post by matealotblue on Nov 12, 2019 16:56:47 GMT
Ah yes. The number of light years till it’s built.
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Post by singupgas on Nov 12, 2019 16:58:59 GMT
The longest planning process. Got to laugh.
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Post by legas on Nov 12, 2019 17:01:39 GMT
Do you think there’s a fruit market in Blackpool and there’s been some kind of mix up?
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Post by Deleted on Nov 12, 2019 17:07:57 GMT
Do you think there’s a fruit market in Blackpool and there’s been some kind of mix up? Well they are the tangerines. Poor whale.
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Post by swissgas on Nov 12, 2019 17:50:17 GMT
Do you think there’s a fruit market in Blackpool and there’s been some kind of mix up? Well they are the tangerines. Poor whale. Not poor financially. His family are charging interest of about £2000 per day on the money they have loaned Rovers.
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Post by aghast on Nov 12, 2019 18:07:51 GMT
Well they are the tangerines. Poor whale. Not poor financially. His family are charging interest of about £2000 per day on the money they have loaned Rovers. I've never been totally clear about this, Swiss. Who is lending money to whom? Is it all internal? Are Dwane Sports lending to 1883 Ltd (owned by Dwane Sports) or something? This is what I assume. And if so, who is lending the money to Dwane Sports? Or is it external in some way? Eg AJIB lending money to Dwane, who account for the interest on this debt as some kind of liability on their balance sheet? And since Dwane own the club, a liability for Dwane equals a liability for BRFC. I suppose it all boils down to the same thing in the end. We are up to our necks in debt.
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Post by Topper Gas on Nov 12, 2019 18:18:52 GMT
Not poor financially. His family are charging interest of about £2000 per day on the money they have loaned Rovers. I've never been totally clear about this, Swiss. Who is lending money to whom? Is it all internal? Are Dwane Sports lending to 1883 Ltd (owned by Dwane Sports) or something? This is what I assume. And if so, who is lending the money to Dwane Sports? Or is it external in some way? Eg AJIB lending money to Dwane, who account for the interest on this debt as some kind of liability on their balance sheet? And since Dwane own the club, a liability for Dwane equals a liability for BRFC. I suppose it all boils down to the same thing in the end. We are up to our necks in debt. Either Wael or Hamer suggested that the interest was only showing on the accounts (as it did under the previous owner?) but is not being paid out to the ALQ's.
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Post by swissgas on Nov 12, 2019 18:43:52 GMT
Not poor financially. His family are charging interest of about £2000 per day on the money they have loaned Rovers. I've never been totally clear about this, Swiss. Who is lending money to whom? Is it all internal? Are Dwane Sports lending to 1883 Ltd (owned by Dwane Sports) or something? This is what I assume. And if so, who is lending the money to Dwane Sports? Or is it external in some way? Eg AJIB lending money to Dwane, who account for the interest on this debt as some kind of liability on their balance sheet? And since Dwane own the club, a liability for Dwane equals a liability for BRFC. I suppose it all boils down to the same thing in the end. We are up to our necks in debt. The AJIB publishes an annual report in which it discloses transactions with related parties and there is nothing in that to hint that the bank is providing Dwane Sports with the cash for funding Rovers. The report also discloses that it holds deposits on behalf of shareholders and whilst it doesn't indicate which shareholders or the individual amounts I think it is safe to assume the family have significant deposits at the bank. So probably it is the family's cash which is being loaned to Rovers via Dwane Sports and probably they are getting a better rate of interest than they would by leaving it at AJIB. But with their dividend income and the value of their shares in AJIB having fallen by a huge amount since they took over Rovers I cannot see them wanting to keep using their cash resources to keep us afloat and I don't blame them for that. It has taken Mr Al-Qadi senior forty years to accumulate his wealth and it would be foolish for him to waste it on us and prejudice the financial future of his family. Mistakes have been made, someone has to pay, and that someone will be BRFC because we have lost most if not all of the equity we had in the Mem when Dwane Sports took over. The priority now, IMO, is to make the next step as uncomplicated as possible so we don't have to be dragged through a painful and debilitating process while the Al-Qadi family extricate themselves. I hope they will see the sense in making a clean break and allowing Rovers a fresh start in which new owners, fans and the Council come together to ensure we go forward in a dignified way.
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Post by Deleted on Nov 12, 2019 18:59:00 GMT
The longest planning process. Got to laugh. It’s quite simple really: he saw the “make us dream” flag, turned to GT and said “Right, hold my beer....”
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Post by Deleted on Nov 12, 2019 19:02:29 GMT
I've never been totally clear about this, Swiss. Who is lending money to whom? Is it all internal? Are Dwane Sports lending to 1883 Ltd (owned by Dwane Sports) or something? This is what I assume. And if so, who is lending the money to Dwane Sports? Or is it external in some way? Eg AJIB lending money to Dwane, who account for the interest on this debt as some kind of liability on their balance sheet? And since Dwane own the club, a liability for Dwane equals a liability for BRFC. I suppose it all boils down to the same thing in the end. We are up to our necks in debt. Either Wael or Hamer suggested that the interest was only showing on the accounts (as it did under the previous owner?) but is not being paid out to the ALQ's. They never said it *wouldn’t* be paid out though. IIRC they said it would be claimed if and when the club is in the premier league (I take it that was a synonym for “when the club is profitable”).
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Post by Deleted on Nov 12, 2019 19:05:13 GMT
I've never been totally clear about this, Swiss. Who is lending money to whom? Is it all internal? Are Dwane Sports lending to 1883 Ltd (owned by Dwane Sports) or something? This is what I assume. And if so, who is lending the money to Dwane Sports? Or is it external in some way? Eg AJIB lending money to Dwane, who account for the interest on this debt as some kind of liability on their balance sheet? And since Dwane own the club, a liability for Dwane equals a liability for BRFC. I suppose it all boils down to the same thing in the end. We are up to our necks in debt. The AJIB publishes an annual report in which it discloses transactions with related parties and there is nothing in that to hint that the bank is providing Dwane Sports with the cash for funding Rovers. The report also discloses that it holds deposits on behalf of shareholders and whilst it doesn't indicate which shareholders or the individual amounts I think it is safe to assume the family have significant deposits at the bank. So probably it is the family's cash which is being loaned to Rovers via Dwane Sports and probably they are getting a better rate of interest than they would by leaving it at AJIB. But with their dividend income and the value of their shares in AJIB having fallen by a huge amount since they took over Rovers I cannot see them wanting to keep using their cash resources to keep us afloat and I don't blame them for that. It has taken Mr Al-Qadi senior forty years to accumulate his wealth and it would be foolish for him to waste it on us and prejudice the financial future of his family. Mistakes have been made, someone has to pay, and that someone will be BRFC because we have lost most if not all of the equity we had in the Mem when Dwane Sports took over. The priority now, IMO, is to make the next step as uncomplicated as possible so we don't have to be dragged through a painful and debilitating process while the Al-Qadi family extricate themselves. I hope they will see the sense in making a clean break and allowing Rovers a fresh start in which new owners, fans and the Council come together to ensure we go forward in a dignified way. They need a buyer first. “Good luck with that” as the saying goes....
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Post by Hugo the Elder on Nov 13, 2019 6:07:31 GMT
Announcement ages ago.
Seriously.
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Post by Deleted on Nov 13, 2019 6:35:58 GMT
Announcement ages ago. Seriously. Who was it said that?
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