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Post by axegas on Apr 26, 2020 14:20:04 GMT
You sure about that? Liabilities up until March 2019 £20.3 m - Liabilities up to March 2020 ? Net liabilities were £17m I thought. By next year it may be true but not at the time of the accounts and if losses continued we'd be at the £20m mark as of now. Net liabilities were £17 million and overall debt was slightly over £24 million or at least that was my understanding.
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Post by stuart1974 on Apr 26, 2020 14:22:49 GMT
Net liabilities were £17m I thought. By next year it may be true but not at the time of the accounts and if losses continued we'd be at the £20m mark as of now. Net liabilities were £17 million and overall debt was slightly over £24 million or at least that was my understanding. Not debt, it was accumulated losses.
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Post by axegas on Apr 26, 2020 14:29:38 GMT
Net liabilities were £17 million and overall debt was slightly over £24 million or at least that was my understanding. Not debt, it was accumulated losses. The BBC, Post and Itv news clearly state it to be debt, are they wrong?
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Post by Topper Gas on Apr 26, 2020 14:47:52 GMT
127,000 + 2017 + 71,000 + 2018 + 30 + 6 + 2018 + 198,000 = £402,089!!!!!!! I shouldn’t think it is as much as £402,089 by now. The £ 127,000 in 2017 would have included fencing the land so, if annual maintenance is about £ 70,000, we might be looking at around £ 338,000 owed by Dwane Colony Ltd to BRFC. Or about the same value as 1000 season tickets. How can we be paying £70K for "maintenance" at The Colony when it's basically just an unkept field behind a locked gate and a fence? Did we ever find out if that office apparently costing us £250K ever appeared on the accounts/actually existed?
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Post by stuart1974 on Apr 26, 2020 14:53:56 GMT
Not debt, it was accumulated losses. The BBC, Post and Itv news clearly state it to be debt, are they wrong? Depends on where they got the figure from, if it was from the Capital & Reserves section of the accounts then the £24m needs to be offset by the assets (shares) bringing us back to the £17m figure.
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Post by swissgas on Apr 26, 2020 15:24:43 GMT
I shouldn’t think it is as much as £402,089 by now. The £ 127,000 in 2017 would have included fencing the land so, if annual maintenance is about £ 70,000, we might be looking at around £ 338,000 owed by Dwane Colony Ltd to BRFC. Or about the same value as 1000 season tickets. How can we be paying £70K for "maintenance" at The Colony when it's basically just an unkept field behind a locked gate and a fence? Did we ever find out if that office apparently costing us £250K ever appeared on the accounts/actually existed? The £ 71,000 was shown in the 2018 accounts but the 2019 accounts are much less detailed and do not specify how much Rovers spent on behalf of Dwane Colony Ltd. The cost of the London office has never been itemized in the accounts but I believe the £ 250,000 pa figure was given by a director at an AGM.
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Post by LJG on Apr 26, 2020 15:29:52 GMT
Not debt, it was accumulated losses. The BBC, Post and Itv news clearly state it to be debt, are they wrong? Surely the Post wouldn't just print something they'd read on here would they? And surely local TV news wouldn't just regurgitate something that was in the local print press would they? That would be a truly remarkable set of circumstances since it's not like its ever happened before.
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Post by Deleted on Apr 26, 2020 17:32:27 GMT
I shouldn’t think it is as much as £402,089 by now. The £ 127,000 in 2017 would have included fencing the land so, if annual maintenance is about £ 70,000, we might be looking at around £ 338,000 owed by Dwane Colony Ltd to BRFC. Or about the same value as 1000 season tickets. How can we be paying £70K for "maintenance" at The Colony when it's basically just an unkept field behind a locked gate and a fence? Did we ever find out if that office apparently costing us £250K ever appeared on the accounts/actually existed? The owners didn’t realise that because Dwane was an offshore company and couldn’t reclaim VAT. Bristol Rovers are now paying the bills so that VAT can be reclaimed.
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Post by Topper Gas on Apr 26, 2020 17:46:06 GMT
I still don't get how anyone can spend £70K at The Colony. How have Rovers spent £70K there, the only expenditure must have been a bit of security?
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Post by peterparker on Apr 26, 2020 18:14:27 GMT
How can we be paying £70K for "maintenance" at The Colony when it's basically just an unkept field behind a locked gate and a fence? Did we ever find out if that office apparently costing us £250K ever appeared on the accounts/actually existed? The owners didn’t realise that because Dwane was an offshore company and couldn’t reclaim VAT. Bristol Rovers are now paying the bills so that VAT can be reclaimed. Which is sensible we should add
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Post by Topper Gas on Apr 26, 2020 19:09:05 GMT
The owners didn’t realise that because Dwane was an offshore company and couldn’t reclaim VAT. Bristol Rovers are now paying the bills so that VAT can be reclaimed. Which is sensible we should add Really, sensible that we're paying the bills for something we don't either own or use? No wonder under Higgs we've gone from losing less than £1m to £3m if fans accept this expenditure is sensible!
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Post by peterparker on Apr 27, 2020 6:31:50 GMT
Which is sensible we should add Really, sensible that we're paying the bills for something we don't either own or use? No wonder under Higgs we've gone from losing less than £1m to £3m if fans accept this expenditure is sensible! Really. Do we have to do this again. Where does all the money come from? The same f**king people Whether or not anything has happened with The Colony, from a financial transaction stand point it makes sense
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Post by Topper Gas on Apr 27, 2020 10:14:59 GMT
Really, sensible that we're paying the bills for something we don't either own or use? No wonder under Higgs we've gone from losing less than £1m to £3m if fans accept this expenditure is sensible! Really. Do we have to do this again. Where does all the money come from? The same f**king people Whether or not anything has happened with The Colony, from a financial transaction stand point it makes sense It only makes sense to the ALQ's as paying £70K to watch grass grow in a field makes no sense to a football club, that's a decent L1 players wages gone.
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Post by peterparker on Apr 27, 2020 10:20:23 GMT
Really. Do we have to do this again. Where does all the money come from? The same f**king people Whether or not anything has happened with The Colony, from a financial transaction stand point it makes sense It only makes sense to the ALQ's as paying £70K to watch grass grow in a field makes no sense to a football club, that's a decent L1 players wages gone. you work for me, but in order to operate I need to give you £10 a month I want to buy something but am unable to, but you can. It will cost £2. I give you £2 to buy it for me tell me how you have lost out? (If we are already at the max under the 60% rule, than it doesn't matter how or what it could afford player wise)
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Post by blueridge on Apr 27, 2020 11:14:16 GMT
It only makes sense to the ALQ's as paying £70K to watch grass grow in a field makes no sense to a football club, that's a decent L1 players wages gone. you work for me, but in order to operate I need to give you £10 a month I want to buy something but am unable to, but you can. It will cost £2. I give you £2 to buy it for me tell me how you have lost out? (If we are already at the max under the 60% rule, than it doesn't matter how or what it could afford player wise) The only bankers I know that give you something for nothing.
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Post by axegas on Apr 27, 2020 11:42:11 GMT
you work for me, but in order to operate I need to give you £10 a month I want to buy something but am unable to, but you can. It will cost £2. I give you £2 to buy it for me tell me how you have lost out? (If we are already at the max under the 60% rule, than it doesn't matter how or what it could afford player wise) The only bankers I know that give you something for nothing. Oh no, make no mistake about it, we've still got to pay the money back and a 6% interest on top of that too.
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Post by Topper Gas on Apr 27, 2020 12:37:09 GMT
It only makes sense to the ALQ's as paying £70K to watch grass grow in a field makes no sense to a football club, that's a decent L1 players wages gone. you work for me, but in order to operate I need to give you £10 a month I want to buy something but am unable to, but you can. It will cost £2. I give you £2 to buy it for me tell me how you have lost out? (If we are already at the max under the 60% rule, than it doesn't matter how or what it could afford player wise) Not sure there's any evidence the £70K actually exchange hands, if so, what was it for given it's just a gated field? There's no signs that the grass is even moved more than once a year.
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Post by peterparker on Apr 27, 2020 13:01:37 GMT
you work for me, but in order to operate I need to give you £10 a month I want to buy something but am unable to, but you can. It will cost £2. I give you £2 to buy it for me tell me how you have lost out? (If we are already at the max under the 60% rule, than it doesn't matter how or what it could afford player wise) Not sure there's any evidence the £70K actually exchange hands, if so, what was it for given it's just a gated field? There's no signs that the grass is even moved more than once a year. what do you mean exchange hands? I assume you mean Dwane didn't give us the cash? If that is what you mean, then think about it. It is part of the operating loss covered by....
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Post by LJG on Apr 27, 2020 15:04:20 GMT
Not sure there's any evidence the £70K actually exchange hands, if so, what was it for given it's just a gated field? There's no signs that the grass is even moved more than once a year. what do you mean exchange hands? I assume you mean Dwane didn't give us the cash? If that is what you mean, then think about it. It is part of the operating loss covered by.... This is could be a groundbreaking moment in the history of Toppernomics.
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Post by Topper Gas on Apr 27, 2020 15:16:13 GMT
Not sure there's any evidence the £70K actually exchange hands, if so, what was it for given it's just a gated field? There's no signs that the grass is even moved more than once a year. what do you mean exchange hands? I assume you mean Dwane didn't give us the cash?If that is what you mean, then think about it. It is part of the operating loss covered by.... Nope try again. Regardless if you feel it's OK for Rovers OK's to show a £70K loss against a piece of ground we don't even own/use it's pointless arguing with you.
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