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Post by peterparker on Jun 20, 2020 14:54:28 GMT
1) because Wael has plans and is trying to reassure those that were worried that he is committed. Although i dont quite understand the question.its just a chain. Dwane loaned 1883 money, who in turn loan it to the FC. The 'missing' 2m between 1883 and the FC is probably taken up as Wonga/Sainsburys cost. Whats the problem again? 2) i beleive the ordinary share are 10p a pop. 3) who knows, but its a situation facing all clubs right now. Maybe the training ground is coming out of Wael's pocket As I say, I agree what happens next is important, but lets wait til we get some info before questioning everything and just accept Wael has done a nice thing. Any deals, can be questioned as and when, but it seems, much like the Colony, sh** is going to get done one way or another and we wont hear until things happen instead of having people leaking all sorts of nonsense over the internet Actually the club are owed money by Dwayne. As for the shares being 10p, totally irrelevant. It's basically a description. Thinking back in time, I believe that it was a base price for newly issued shares. But Im Going on memory there. Whether it still carries that element of clout I can't remember. I have not denigrated Wael on any of this. Reread it. I've said if Wael is funding the training ground, I've no problem with it. I'm worried about possible new investors and what hold they may or may not have. I think if Wael is to borrow in a meaningful sense, then I hope he's getting better advice than NH and his bloody wonga loan. I assume that the club will pay a fee for use of the training ground in order to fund it. Again no problem, if it's not a ridiculously high figure. We currently pay about £50k per year at Cribbs. To fund the £2m approx at the Colony, we would have to pay in excess of £100k per annum. Unless of course, Wael is covering the cost. If he is, he would deservedly earn the grateful thanks of all gasheads. the club might be owed money, but would be in a net debtor position, anything owed would simply be offset
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Post by Deleted on Jun 20, 2020 14:55:09 GMT
If there was somebody going to start a negative post on this recent news then you don 't need to be "in the know" to know who it would be!! It does not take an accountant or any financial expert to see where the debt comes from or is built up. How many football owners actually manage to run at a profit? I don't know if we will get a Stadium or if in the future Bristol Rovers will even exist but we are only on this earth for a short time and what happens beyond that does not really interest me. My love of Bristol Rovers will not falter and all I would say is that nothing good for our club will EVER come out of people like gasincider because he is the sort who will NEVER apologise no matter what and even if Wael delivers the Stadium there will be something wrong. Don't ever expect any Humble Pie from gasincider because all he will do is bring more negatives to the table until he is proved 100% wrong. The fact is that the only person who can do ANYTHING about the future of the club is the person who owns it NOBODY ELSE matters. Supporters of the club have always; over the years since the club was formed; had to put their faith in the person or people who owned the club and this is still the case now. So unless Gasinciider or Jim Chappell or Ken Masters or anybody else have the MONEY to change the course of the club then thney may as well sit back and either enjoy the ride or preferably get off the bus! You should get some Nobody Else Matters t-shirts printed !
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Post by rusho'gas on Jun 20, 2020 15:00:57 GMT
Ironically, going back to the original post, it is about what happens next. To have a future you have to have a past.
Don't have £20m to balance my right to post on the subject, just glad we have a club to still support and a clear and decisive projection of where were are going as a club.
Nothing more expected, nothing more demanded. No forensic analysis of a business I know nothing about for kudos or browny points.
All I can say is thank you to Wael Al Qadi for not being a Darlington / Bury or numerous other clubs. Under Higgs we were in danger of heading that way.
Be grateful for the present situation, it could be a damn site worse................we could all be sh*theads...........................
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Post by poorblue on Jun 20, 2020 15:53:34 GMT
I know nothing!. However if I recall correctly Wael at takeover stated the Sainsbury matter did not affect UWE going forward. He also stated finance was in place to build the stadium. UWE failed for unknown reasons stated by Wael as UWE failure to agree and respond. Again if I recall correctly the UWE land would be leased on a 125 year lease and the funding of the build was Wael money, FA money and Sports Council money (and a n other money?). There was no mention of partnering with other interested parties such as developers. Thus the one difference I can see is the cost of land with regard to Fruit Market or any other site. So the outstanding question is does whatever any potential stadium site involve leasehold or purchase of land. If leasehold it is status quo (as per UWE costs) but additional capital if land has to be purchased. So does Wael have the additional money to purchase or does he need to partner with others to raise that capital? What do you know that makes you negative and it's unlikely? Finance rates are at an all time low. There have been many rumours (fantasy?) about associated hotels, sports centres shopping malls etc by Dwayne Sport or any new company that may be formed. The Fruit Market site is on the edge of a huge complete redevelopment of St Phillips Island and large redevelopment companies are poised to move in and regenerate this run down area as confirmed by Mr Mayor Marvin Rees himself who stated he is supportive of Rovers. UTG Agree with most of that. As I understand it, the deal was about the developer building the stadium, in return for the Mem, plus a balance of rent for want of a better word to cover the costs. The Mem is worth somewhere between £15-20m. The land at The Fruit Market has a cost of somewhere North of £55m. This would of course incorporate other businesses around it like at Bolton or MK Dons etc. Wael may or may not have the funding to square that circle, but if the developer and Wael come to an agreement, it could be a number of ways in which they may proceed. Wael could sell the Mem to them on the basis of them guaranteeing us a long term lease at the new stadium, subject to the ongoing cost per annum. But most importantly, would we keep the majority if not all the income generated by the new stadium. So he now has between £15-20m in his back pocket. But i I think the more likely scenario could be that Wael hands over the Mem on the basis of an agreed number of years on the new site, which would help the developer to mitigate his initial outlay. There are are many ways it can be done, but it all comes back to who is funding it, and what they may or may not demand in return. We certainly don't want to end up as another Coventry. The mayor has spoken many times that he wants to see a sport and leisure set up there, in fact it would become the new Bristol C*ty centre. Which is why it is an opportunity we cannot afford to miss. It would certainly be at the heart of the future Bristol, and one that Lansdown could never wish to emulate t'other side of the river. I am being cautious. This is Rovers, and we've had so many set backs, it's scary. I haven't said it's unlikely. In fact I'm pretty certain it will happen. If it doesn't, we have no real future, as we will die at the Mem. Wael knows that, so now it's on him. If he succeeds, I'll help erect the new statue on the centre. Now that would really water off the sh*theads. This is my last reply on the matter. Twice you have agreed with me with a comment "Agree with most of it" You now state "I haven't said it's unlikely. I quote you with a cut and paste from your earlier response It would be be great if Wael could buy the land and build the stadium himself. The reality is that that is not likely. Notice the slight difference between not likely and unlikely. Is there a difference? As far as I know nothing is in the public domain. Wael appeared to have the money to build a stadium at UWE , why do you now doubt the money has gone? Rumours that Wael pulled out of UWE was he wanted to own the land not have it on leasehold and add hotels etc. Why are you still convinced he will now accept leasehold on the FM? Is it that the Bristol Post holds that view? BP were completely in the dark regarding the training ground works so why would they be correct for the FM. Keep an open mind and relax as Doris Day sang Que sera sera what ever will be will be.
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Post by Topper Gas on Jun 20, 2020 16:23:34 GMT
So at 10p a share, Wael has awarded himself 180 million shares? Crikey. It'll take a while to shift that lot if he ever decides to sell them. Have a look at the share prices in the paper. The 10p is not relevant. Any chance you could give me a link to where Rovers share price is listed in a "paper"? The more you post the more I'm starting to think you're off your rocker, have you just been making up nonsense about unpaid bills etc for years so posters believe you really are an "incider"? When Gasoutsider is now more fitting a forum name.
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Post by Topper Gas on Jun 20, 2020 16:27:22 GMT
Seriously are you a screw loose or something, Wael clears £18m of debts, writes off £2m of interest, is committed to spending £2m+ on a new training ground but you are questioning whether he can pay the wage bill over the summer, having spent over £20m do you seriously think he's then going to struggle to find the £1m or so for the wages, it does beggar belief what you are posting on this thread. Sorry Topper. I thought your level of knowledge was better than that. You just have no idea, so not worth responding to. That makes two of us then but I don't pretend that I'm an "incider" and continually have to make up nonsense that we're in financial difficulties.
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Post by yattongas on Jun 20, 2020 16:32:20 GMT
Ironically, going back to the original post, it is about what happens next. To have a future you have to have a past. Don't have £20m to balance my right to post on the subject, just glad we have a club to still support and a clear and decisive projection of where were are going as a club. Nothing more expected, nothing more demanded. No forensic analysis of a business I know nothing about for kudos or browny points. All I can say is thank you to Wael Al Qadi for not being a Darlington / Bury or numerous other clubs. Under Higgs we were in danger of heading that way. Be grateful for the present situation, it could be a damn site worse................*we could all be sh*theads*......................... Perish the thought 🤢
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Post by warehamgas on Jun 20, 2020 16:50:46 GMT
What happens next is always important obviously but to think about that at a moment like this seems negative and very parsimonious. (Sorry, can’t think of a better, more appropriate word) I’m not sure if, after 50+ years of support I’ve ever seen a more positive message than that given to me as a supporter yesterday. It’s not really a plan but more a message of intent. It was well written, designed to deal with all the worries that have come his way during his tenure as owner. He’s dealt with the obstacles one by one. They may not all be solved, the SC place on the board not resolved but firmly placed in the court of the SC to deal with. But he has addressed the training ground and the new ground and what he’s trying to do.
Again, no promises have been made but I guess he’s said as much as he can regarding the ground and together with what Starnes said a few weeks ago in his letter has resulted in many of us putting two and two together. His intentions are clear, I hope he can implement them. I’ll wait on that one and keep my fingers crossed before I break out the champagne.
The capitalisation of the debt must be good and it’s good to read what those on here with a greater knowledge of finance have said. Its even been reported on the BBC! So whilst it’s good to get other views, they seem more about saving face from the ITKs and having a need to rain on our parade! At this moment, let’s just enjoy it. There are precious few times to do that.
😀😀😀
UTG!
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Post by heartofgas on Jun 20, 2020 16:52:51 GMT
To me it is clear that Wael was held back by how the ownership was set up. Now he’s in full charge we might see what was expected in Feb 2016. I must admit I had lost faith in the ownership but I guess I have to eat some humble pie. This really is great news. We have a plan and all I can say is I am truly thankful for Wael. We have stability and can look to progress towards the championship.
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Post by LJG on Jun 20, 2020 17:16:54 GMT
So at 10p a share, Wael has awarded himself 180 million shares? Crikey. It'll take a while to shift that lot if he ever decides to sell them. Have a look at the share prices in the paper. The 10p is not relevant. Dear oh dear. You genuinely are stupid or genuinely do think we are. The shares in the newspaper aren't newly subscribed for are they? They're sold on a market qat a premium. If you subscribe for a newly issued and allotted share you pay the par value - the 10p. And you have the cheek to tell Topper he's not worth replying to because he doesn't know what he's talking about.
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Post by farmygas on Jun 20, 2020 19:08:36 GMT
Seriously are you a screw loose or something, Wael clears £18m of debts, writes off £2m of interest, is committed to spending £2m+ on a new training ground but you are questioning whether he can pay the wage bill over the summer, having spent over £20m do you seriously think he's then going to struggle to find the £1m or so for the wages, it does beggar belief what you are posting on this thread. You just have no idea, so not worth responding to. Bit rich coming from you innit? Time to log off for a bit mate.
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Post by Big Jock on Jun 20, 2020 19:09:37 GMT
Worrying doesn't take away tomorrow's troubles, it takes away today's joy.
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Post by Hudson1883 on Jun 20, 2020 19:34:51 GMT
“He’s a fountain of misplaced rage. Name your cliche; Mother held him too much or not enough, last picked at football, whatever. Now he’s so angry that moments of levity actually cause him pain, gives him headaches. Happiness, for that gentleman, hurts” - Garland Greene, (Steve Buscemi) 1997
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Post by gasheadontour on Jun 20, 2020 21:34:10 GMT
If I remember rightly the club had to be debt-free before being allowed to lease a UWE stadium.
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Post by Deleted on Jun 21, 2020 17:11:48 GMT
GI , your concerns maybe fair enough but why can't we enjoy the moment, even if the stadium isn't announced in the next few weeks or months, we are debt free and have our own training base being built. Even if the debt, i admit i know naff all about accounts and what not, was internal or owed to Rovers fans directors i can't recall anything like this before. Wael has shown support now it's our turn, when we can, to turn up in numbers and show our support like i know we can. I needed this from Wael as i've never felt so, i'm finding it hard to pick the right word, detached from the club i love. Now i feel excited again, even with our manager who i'm willing to get behind again now. I'm enjoying the moment anyway. Sorry to prattle on i've had a couple. UP THE GAS
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Post by trevorgas on Jun 21, 2020 17:27:27 GMT
GI , your concerns maybe fair enough but why can't we enjoy the moment, even if the stadium isn't announced in the next few weeks or months, we are debt free and have our own training base being built. Even if the debt, i admit i know naff all about accounts and what not, was internal or owed to Rovers fans directors i can't recall anything like this before. Wael has shown support now it's our turn, when we can, to turn up in numbers and show our support like i know we can. I needed this from Wael as i've never felt so, i'm finding it hard to pick the right word, detached from the club i love. Now i feel excited again, even with our manager who i'm willing to get behind again now. I'm enjoying the moment anyway. Sorry to prattle on i've had a couple. UP THE GAS Good for you and I totally agree we don't have many days to saviour in the years we have supported,so Friday was one of those and I'm enjoying the feeling that just maybe we are not in decline anymore and we have a bright future Ps. Nowt wrong with having a couple 😆
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Post by badengas on Jun 21, 2020 17:36:02 GMT
Bugger. I opened the thread hoping to see a dog run on the pitch or maybe a streaker.
Can't be bothered to read all the above, are we all friends again now ?
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Post by Antonio Fargas on Jun 21, 2020 18:54:32 GMT
Bugger. I opened the thread hoping to see a dog run on the pitch or maybe a streaker. Can't be bothered to read all the above, are we all friends again now ? There you go:
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Post by warehamgas on Jun 21, 2020 19:02:54 GMT
Bugger. I opened the thread hoping to see a dog run on the pitch or maybe a streaker. Can't be bothered to read all the above, are we all friends again now ? Ha. You know better than that. 😉 UTG!
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Post by socrates on Jun 21, 2020 22:17:23 GMT
Wael always wanted to do what he’s doing now but couldn’t , I always believed that. Now he can and he’s doing it. He stuck with it through hard times. He’s a Gashead.
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