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Post by Deleted on Dec 17, 2014 15:38:54 GMT
Apparantly the club have moved our stadium loan debt from our long term partners Barclays to a private equity firm MCP.
Anyone got any idea as to why ? Or the implications of owing money to a private equity firm as opposed to a mortgage with a bank?
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Post by Deleted on Dec 17, 2014 15:42:12 GMT
They must think they are going to realize some profit from that debt pretty soon?
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Post by Deleted on Dec 17, 2014 15:56:45 GMT
I have no idea about the financial sector but it must either be a restructuring of debt because we are struggling???, getting a better deal on interest compared to the mortgage ?, first signs of a takeover ?? Or related to having to be debt free on building the stadium. Genuinely have no idea why we have done this but hope we can be told I wonder if they will get a say in the boardroom as often happens with venture capital
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Post by Deleted on Dec 17, 2014 16:21:16 GMT
Beware the scaremongers. This information as far as i know started on OTIB (City Forum) and was posted on our Independent Forum by a certain C03, who i believe has also registered on here, just checked his posts and i don't consider him to have Rovers interests at heart shall we say. Not saying he's not correct, but go careful not to react to things that we know little about. That said, i'm sure the conspiracy theorists are gonna love this.
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Post by RD on Dec 17, 2014 16:27:14 GMT
Spot on Big Jock. Some Rovers fans will lap this up til the cows come home (not you Dins as I know you're asking out of genuine interest). That said, unfortunately some Rovers fans will love this. I wouldn't be surprised to see one or two posters appear from out of the blue again shortly
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Post by Deleted on Dec 17, 2014 16:33:49 GMT
RABBLE RABBLE RABBLE
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Post by Deleted on Dec 17, 2014 16:34:30 GMT
Apparantly the club have moved our stadium loan debt from our long term partners Barclays to a private equity firm MCP. Anyone got any idea as to why ? Or the implications of owing money to a private equity firm as opposed to a mortgage with a bank? Care to expand on a previous post you made about big news due Wednesday tea time?
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Post by Deleted on Dec 17, 2014 16:35:58 GMT
Beware the scaremongers. This information as far as i know started on OTIB (City Forum) and was posted on our Independent Forum by a certain C03, who i believe has also registered on here, just checked his posts and i don't consider him to have Rovers interests at heart shall we say. Not saying he's not correct, but go careful not to react to things that we know little about. That said, i'm sure the conspiracy theorists are gonna love this. Check companies house, what dinsdale has stated about loans is factual.
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Post by RD on Dec 17, 2014 16:45:00 GMT
Apparantly the club have moved our stadium loan debt from our long term partners Barclays to a private equity firm MCP. Anyone got any idea as to why ? Or the implications of owing money to a private equity firm as opposed to a mortgage with a bank? Care to expand on a previous post you made about big news due Wednesday tea time? I think that was a joke!
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Post by Deleted on Dec 17, 2014 17:21:57 GMT
It may be factual, but in the current climate, if you took out a loan a few years back it makes sense to re-new it with someone else to take advantage of the low interest rates. Anyone here got a fixed-rate mortgage from a while back? If so, I suggest you re-mortgage.
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Post by bigtgas on Dec 17, 2014 17:43:07 GMT
The loan was up for renewal. Barclays were not interested and basically despite sending in a small posse down to negotiate simply took the pi$$. The value of the Mem had substantially increased and we told them to bugger off and did a deal elsewhere with someone who was interested.
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Post by LJG on Dec 17, 2014 17:47:46 GMT
Cue 9 pages of total guesses and people repeating the words "Water tight" until they lose all meaning.
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Post by Deleted on Dec 17, 2014 18:12:00 GMT
Apparantly the club have moved our stadium loan debt from our long term partners Barclays to a private equity firm MCP. Anyone got any idea as to why ? Or the implications of owing money to a private equity firm as opposed to a mortgage with a bank? Care to expand on a previous post you made about big news due Wednesday tea time? no, I made a joke comment because people kept bull sh**ting about the UWE and someone said whens the news coming then and I said wednesday about tea time. It was meant as a joke. I can 100% safely say I have no idea whatsoever what is going on with UWE
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Post by Deleted on Dec 17, 2014 18:16:46 GMT
Guys please can we avoid having a dig at something that isn't happening. Nobody is having conspiracy theories or a dig.This is a genuine question about something that has happened. Its annoying when important threads become tools for point scoring before anything is even said.
The club have shifted its stadium debt from a mortgage at a bank that it has had since we moved back to Bristol to a Private equity venture capital group that I have never heard of. I think this is genuinely something the club should tell us about. After all Higgs boasted on the tv and at the q and a about how we had reduced external debt and had it safely under control. I'm not saying we now don't but this is a big change. What say do this group now have over the club ? does it put us at greater risk of recievership ? does it constitute something very positive for us ? is it just about interest rates ? Its a big change to switch a bank for such a group.
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Post by Deleted on Dec 17, 2014 18:20:44 GMT
ps in no way is this thread meant as a criticism. If you know me or follow me on twitter or on here with an open mind you will see my interest has always been transparancy about how we run the club and what is happening.
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Post by Deleted on Dec 17, 2014 18:21:43 GMT
Maybe our reps on the Board can enlighten us,as this isn't under any confidentiality clause,is it?
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Post by Deleted on Dec 17, 2014 18:53:15 GMT
Care to expand on a previous post you made about big news due Wednesday tea time? no, I made a joke comment because people kept bull plopping about the UWE and someone said whens the news coming then and I said wednesday about tea time. It was meant as a joke. I can 100% safely say I have no idea whatsoever what is going on with UWE Oh ok fair enough, will pay more attention the the flow of a thread in future!
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Post by newmarketgas on Dec 17, 2014 19:19:03 GMT
Why should they tell us ? I own my business and I do not tell staff, customers or friends my banking details, and most certainly not people who follow my company for fun ! :0) UTG
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Post by Mark Ash on Dec 17, 2014 19:52:15 GMT
Why should they tell us ? I own my business and I do not tell staff, customers or friends my banking details, and most certainly not people who follow my company for fun ! :0) UTG Very wise of you... but I like to think that the relationship between a football club and its supporters is different from that of a normal business and its customers. After all, I've never seen punters gathering outside to sing "Oh when the Debenhams, go marching in... Oh when the Debenhams go marching in... I wanna be in that soft furnishings department... Oh when the Debenhams go marching in!"
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Post by CheshireGas on Dec 17, 2014 19:54:08 GMT
Guys please can we avoid having a dig at something that isn't happening. Nobody is having conspiracy theories or a dig.This is a genuine question about something that has happened. Its annoying when important threads become tools for point scoring before anything is even said. The club have shifted its stadium debt from a mortgage at a bank that it has had since we moved back to Bristol to a Private equity venture capital group that I have never heard of. I think this is genuinely something the club should tell us about. After all Higgs boasted on the tv and at the q and a about how we had reduced external debt and had it safely under control. I'm not saying we now don't but this is a big change. What say do this group now have over the club ? does it put us at greater risk of recievership ? does it constitute something very positive for us ? is it just about interest rates ? Its a big change to switch a bank for such a group. Companies House says it's MSP Capital Ltd (Co No 01543169) of Poole that have been given belts and braces security of the Mem and land around. Looks like maybe the bank and Deltavon (GoD's Co) have been repaid. The Directors of MSP are John Drinkwater, Martin Higgins, David Capra, Paul Miracca. JD is ex-Goldman Sachs. It does development, business and bridging finance. Hope its not the latter as that can be expensive and costly.... These type of people are far less sympathetic and patient than banks when getting their money back. You don't miss deadlines or payments or else you get penalised. They are also more likely to call in the receiver if the club don't pay up. If it is bridging finance it could be that we are near the end and the Sainsbury deal could be concluded or compensation paid soon. However if it is a gamble that things will be resolved soon, it could be a costly gamble if the Sainsbury issue drags on. Let's hope it is the former....
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