|
Post by Henbury Gas on Dec 16, 2019 18:50:35 GMT
Suggest you keep your stupid suggestions to yourself, not sure any genuine Gashead would want to encourage the owners to think about ground sharing. Anyway with AG now out of the question and Twerton Park no longer fit for league football, then it's not even remotely practical in any event. I would be more than happy to ground share if we got a new stadium out of it who we share with could be the problem
|
|
|
Post by Henbury Gas on Dec 16, 2019 18:51:47 GMT
Rumour is we're going to be part of the Red Bull franchise and become Red Bull Bristol Rovers. You heard it here first. Surely we would be Bullshit Bristol Rovers? the amount of sh** weve had to put up with over the years. we could rename this forum to Bullshit Gas chat
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 16, 2019 18:53:27 GMT
My understanding is that when Higgs did the deal to sell the club to Wael’s mob , in the contract there is a clause that the Mem can’t be sold until a new stadium is in place. Hopefully that is correct or we could really be in a worrying place if new owners can’t be found. There's a way around that for the owners but the outcome is unthinkable.
|
|
|
Post by Antonio Fargas on Dec 16, 2019 19:06:29 GMT
And fifteen million quid. haha so you think it’s coming out of their pockets😂 Where do you think it's coming from?
|
|
|
Post by Antonio Fargas on Dec 16, 2019 19:07:08 GMT
No matter how high in the league we go, or how much money the board pump into the club fans still try to stir stuff with ridiculous hypothetical questions. What would be your reaction if it was announced that all the stirrers just had some weird axe to grind and kept coming on the forum with ridiculous posts in order to provoke a "reaction"? pointless post £58M.
|
|
|
Post by Henbury Gas on Dec 16, 2019 19:08:03 GMT
£58.5m i've been told to cover the court case
|
|
|
Post by paulpirate on Dec 16, 2019 19:09:47 GMT
haha so you think it’s coming out of their pockets😂 Where do you think it's coming from? put against the club no way he’s paying that when he quibbles about paying a fence bill He hasn’t got the money to spend on a football club so why have one,he wouldn’t of bought us if uwe had fallen through before Been bs ever since
|
|
|
Post by Antonio Fargas on Dec 16, 2019 19:19:04 GMT
Where do you think it's coming from? put against the club... Who owns the club?
|
|
|
Post by paulpirate on Dec 16, 2019 19:20:03 GMT
nobody if they don’t sell it soon
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 16, 2019 19:37:38 GMT
nobody if they don’t sell it soon Creditors in your scenario. Swiss has stirred the pot and quoted the text book, which is not wrong. The harsh reality is the club is not viable as a going concern without director / shareholder guarantees, judging by the released accounts. We, the club, are not alone. Personally I am not sure how much longer this model of professional football can continue.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 16, 2019 19:49:44 GMT
My understanding is that when Higgs did the deal to sell the club to Wael’s mob , in the contract there is a clause that the Mem can’t be sold until a new stadium is in place. Hopefully that is correct or we could really be in a worrying place if new owners can’t be found. Twerton or lodge rd is in place..
|
|
|
Post by aghast on Dec 16, 2019 21:06:33 GMT
Rumour is we're going to be part of the Red Bull franchise and become Red Bull Bristol Rovers. You heard it here first. We’ll be called Red Bullsh*tters if the currant board are still involved! They are here for a raisin, though.
|
|
|
Post by RD on Dec 16, 2019 21:08:03 GMT
My understanding is that when Higgs did the deal to sell the club to Wael’s mob , in the contract there is a clause that the Mem can’t be sold until a new stadium is in place. Hopefully that is correct or we could really be in a worrying place if new owners can’t be found. Yes, but would you bet on it being watertight?
|
|
|
Post by Topper Gas on Dec 16, 2019 22:02:38 GMT
Where do you think it's coming from? put against the club no way he’s paying that when he quibbles about paying a fence bill He hasn’t got the money to spend on a football club so why have one,he wouldn’t of bought us if uwe had fallen through before Been bs ever since So who do you think is paying the bills when they arrive? If the UWE had fallen though before the ALQ's bought us we might well have beaten Bury to going bust! As far as the fence I sense we need to ask an ex-club employee why there was a dispute over that being paid.
|
|
|
Post by lastminutewinner on Dec 16, 2019 22:05:27 GMT
My understanding is that when Higgs did the deal to sell the club to Wael’s mob , in the contract there is a clause that the Mem can’t be sold until a new stadium is in place. Hopefully that is correct or we could really be in a worrying place if new owners can’t be found. Yes, but would you bet on it being watertight? About as watertight as Katie Prices snatch knowing Rovers past history
|
|
|
Post by BishopstonBRFC on Dec 17, 2019 2:44:38 GMT
Where do you think it's coming from? put against the club no way he’s paying that when he quibbles about paying a fence bill He hasn’t got the money to spend on a football club so why have one,he wouldn’t of bought us if uwe had fallen through before Been bs ever since Forgot about the fence. What comedy gold that fiasco was.
|
|
|
Post by swissgas on Dec 17, 2019 4:22:38 GMT
nobody if they don’t sell it soon Creditors in your scenario. Swiss has stirred the pot and quoted the text book, which is not wrong. The harsh reality is the club is not viable as a going concern without director / shareholder guarantees, judging by the released accounts. We, the club, are not alone. Personally I am not sure how much longer this model of professional football can continue. Selling assets to release cash is what the text book tells you to do and it also tells you to act before losing control of a situation. As you say, the club is dependent on the owners guaranteeing to fund the club which is why Hani Al-Qadi has to give that commitment before Grant Thornton sign off the accounts. The accounts were filed very late last year and it is highly likely that was because of Hani’s reluctance to give the required commitment. What is going to happen when the accounts are due in March 2020 ? Does Wael understand what happens when a company runs out of cash ? Think back to the interview with Geoff Twentyman when he was asked “are the family still fully committed to the club ?” and his answer was “ they were the last time I spoke to them”. We laughed when HRH came up with that sort of “I have no recollection” response but we won’t be laughing if Wael is misjudging the seriousness of the situation and Rovers do run out of cash. Far better to take positive action before things spiral out of control.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Dec 17, 2019 6:00:17 GMT
Creditors in your scenario. Swiss has stirred the pot and quoted the text book, which is not wrong. The harsh reality is the club is not viable as a going concern without director / shareholder guarantees, judging by the released accounts. We, the club, are not alone. Personally I am not sure how much longer this model of professional football can continue. Selling assets to release cash is what the text book tells you to do and it also tells you to act before losing control of a situation. As you say, the club is dependent on the owners guaranteeing to fund the club which is why Hani Al-Qadi has to give that commitment before Grant Thornton sign off the accounts. The accounts were filed very late last year and it is highly likely that was because of Hani’s reluctance to give the required commitment. What is going to happen when the accounts are due in March 2020 ? Does Wael understand what happens when a company runs out of cash ? Think back to the interview with Geoff Twentyman when he was asked “are the family still fully committed to the club ?” and his answer was “ they were the last time I spoke to them”. We laughed when HRH came up with that sort of “I have no recollection” response but we won’t be laughing if Wael is misjudging the seriousness of the situation and Rovers do run out of cash. Far better to take positive action before things spiral out of control. The point is though Swiss they sell the asset, pay back the debt and then what? They have an asset less balance sheet and operating losses of £500,000 to £1m at least. It's not viable. My view is that professional football cannot maintain itself with the current level of cost. Something has to give and it's the wage structure. Players are hopelessly overpaid for a socially useless job (to coin a phrase from the financial sector). The report of this month showed that on average Championship club's wage bills are 11% higher than their turnover. That's not doable. So we either raise the ticket price by 50% or cut the wage bill to the point of breakeven. That is the stark choice.
|
|
|
Post by Topper Gas on Dec 17, 2019 7:04:36 GMT
Or they sell up which is what they apparently are trying to do according to the Bristol Post?
If the ALQ's really want to make savings surely the first thing to do would be to close the Development Squad and there's no signs of that happening at the moment.
|
|
|
Post by blueridge on Dec 17, 2019 8:09:17 GMT
Cash flow is the life blood of any business to make it sustainable. If we're seeing crowds of 7k every other week - maybe half of that crowd are season ticket holders with the money from their 'receipts already 'spent' .
If we have assets in the form of players, the assets are worthless unless sold - compounded by the fact they are costing significant sums money every month to employ - hence the word untenable. Between a rock and a hard place comes to mind.
|
|