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Post by gasandelectricity on Apr 1, 2022 19:04:24 GMT
If I’ve got this right, we managed to reduce losses despite impact of pandemic. Impressive.
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Post by Deleted on Apr 1, 2022 19:13:30 GMT
Even more impressive is that another £3.5m worth of debt is going to be written off by Wael.
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Post by yattongas on Apr 1, 2022 19:13:35 GMT
Amazing we’ve managed to reduce losses by £1m and Wael writes of another £3.5m 👏
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Post by Colyton Gas on Apr 1, 2022 21:08:23 GMT
The club can confirm that, earlier this week, the audited accounts for the year ending 30th June 2021 were completed and filed at Companies House. The 2020/21 year was arguably the most challenging in the club’s history and the main focus was survival, given the fact that we faced the prospect of no supporters and limited revenue streams. To that end, we are pleased to reduce our operating loss by almost £1,000,000 from the previous financial year. Despite the uncertainties that the financial year produced and the loss of the final fixtures of the season, all employees received their full wage throughout the pandemic. During the 2020/21 season, we set out the strategic objectives that continue to run through everything we do as a football club. These are as follows: 1. Infrastructure improvements – we were delighted to complete the first phase of our new multi-million pound training facility, The Quarters, during the course of the season. This site has improved the professionalism of the football operation and I have no doubt the results of this will be felt on the pitch. 2. Sustainability – operating sustainably became even more unattainable, given the huge impact on our revenue streams caused by the pandemic. Despite the generosity of many supporters who opted to donate their season ticket money to the club and the benefits gained from the furlough scheme, the only way that we were able to get through this difficult period was with the continued financial support of our owner, Wael Al Qadi. 3. Youth – throughout the 2020/21 season, we continued to see the progression of the academy and a number of prospects broke through into the first team, including Jed Ward - who also featured for England at U18 level. Alfie Kilgour also continued to play a key role within the first team, making 35 league appearances, and Tom Mehew scored twice in his two Papa John’s Trophy appearances. Overall, we achieved 84 first-team appearances from academy graduates in the first team over the course of the season. In addition, Kyrie Pierre and Brad Burrows were both sold to Aston Villa for significant six-figure sums. 4. Develop the fanbase – despite playing the season behind closed doors, we were delighted to sell more than 3,400 season tickets. We were also supported by fans watching the matches from home, via iFollow. Over the course of the season, we sold 68,507 subscriptions, totalling £693,505 in gross revenue. We were also delighted to be named as the ‘most improved club’ in the Fan Engagement Index in 2021, with a gain of 65 places from the previous season's position. Split into the categories of dialogue, governance and transparency, Rovers made significant improvements across the board and the previous year’s score of 30 was smashed by a much-improved 110 Index rating for 2021. A concerted effort was made throughout the pandemic to engage further with supporters, particularly with the stands being empty for the entire duration of the season. 5. Community – throughout the pandemic, our work in conjunction with our Community Trust was invaluable. The club worked closely to support the fantastic work of the Trust, aiding in projects such as garden visits by players, letters to elderly fans by club personnel and providing essential supplies to vulnerable supporters. The collaborative effort between the football club and Bristol Rovers Community Trust in response to the COVID-19 pandemic was recognised with a nomination at the 2021 Football Business Awards. The work saw the partnership nominated in the category of ‘Best Covid 19 Community Response - Non-Premier League’ in the Football Business Awards 2021. Throughout the COVID-19 pandemic, the football club has also worked closely with our charity partners, Above and Beyond, donating 1,000 tickets to NHS staff as a sign of gratitude for the work they have done to keep the country safe. 6. Continual Improvement – the aim of the club going into the pandemic was that we wanted to come out of it stronger than we went in. Sadly, that didn’t materialise on the pitch, but it feels like the benefits of that reset are now being felt with improvements across all departments. Despite the challenges of the pandemic that swept across the world and the accompanying absence of ordinary revenues, operating losses fell by £959K year-on-year, which was a positive outcome given the challenges faced. Going through tough times reminds us of what we have, and everyone at the club is incredibly grateful and thankful for the continued support of our fanbase. Furthermore, we wouldn’t have been able to continue through the year without the unbelievable dedication and support of all of our staff, who have continued to innovate and drive standards to help us work towards reaching our potential. Finally, operating at the level we do currently is only possible due to the continued investment of our owner, Wael Al Qadi. In a further demonstration of support, Wael is delighted to confirm that conversations are already underway to convert a further £3,500,000 of club debt to equity, limiting the club debt and further safeguarding our future. The full accounts will be visible on Companies House shortly.
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Post by lympstonegas on Apr 1, 2022 21:22:25 GMT
A very positive statement after a horrendous year for any football club. We have so much to thank Wael Al Qadi for in steering us through such a difficult period in our history and still record some noticeable successes.
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Post by The Equaliser on Apr 1, 2022 21:50:32 GMT
Thank you Wael , without you we really would be looking into the abyss. We are lucky to have you 💙
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Post by onedaygas83 on Apr 1, 2022 21:54:18 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔
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Post by rovers5charlton5 on Apr 1, 2022 23:07:26 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔 He's bright enough to realise that the income streams we'd generate from a new stadium would decrease the amount of our losses which he needs to cover each season, so that tells us how hard it must be to get a new stadium done.
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Post by yattongas on Apr 1, 2022 23:46:47 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔 But then….. why buy us ?
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Post by canberragas69 on Apr 2, 2022 5:45:13 GMT
What do people know about these two: Kyrie Pierre and Brad Burrows?
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Post by craigo on Apr 2, 2022 8:48:38 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔 Hopefully the fact the debt isn't being secured against the mem land is an indication we are close to a deal?
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Post by The Equaliser on Apr 2, 2022 9:07:41 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔 With respect, I think you need to explain exactly what you mean by ‘doing a Dunford’? Both Denis and Geoff did an awful lot for our football club, both have sadly passed on now, but much like Wael today it is my opinion we would not have survived the 80’s without the Dunford family and of course Denis’s hard work and financial input. Geoff was instrumental in us owning our own stadium again, without which we also may not have survived. They have more than earned both our respect and their place in Rovers history 💙
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Post by chippenhamgas on Apr 2, 2022 9:12:19 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project.
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Post by yattongas on Apr 2, 2022 9:18:59 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project. It’s the no hope that kills you .
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Post by gasandelectricity on Apr 2, 2022 9:25:39 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project. Because having plans in public has worked out well before hasn’t it? Just because there’s nothing in the public sphere, doesn’t mean nothing is going on, and that anything that is going on won’t happen.
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Post by Colyton Gas on Apr 2, 2022 9:26:37 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project. Recall going to Cheltenham to choose my seat for two years whilst the Mem was being re -developed.I did smell a rat the week before the new season when the Mem hadn't be demolished ready for the new build and a club spokesman said the reason was ,'The players need somewhere to meet up before games'. Cheltenham would have been less of a stretch from Stafford but not heard back yet so hope I get the seat I chose near the halfway line!!!!!
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Post by bridgwatergas on Apr 2, 2022 11:09:43 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project. As we have gone from being a club that had no secrets as everything generally got leaked out by certain people to a club which is very much more professional and things get released when it happens dosent mean nothing is going on. You me and everyone else don't know what the plans are.
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Post by lympstonegas on Apr 2, 2022 12:53:40 GMT
We don't even have plans for a new stadium currently just a few vague intentions in the media. Probably the first time in 30 years there is no stadium project. As we have gone from being a club that had no secrets as everything generally got leaked out by certain people to a club which is very much more professional and things get released when it happens dosent mean nothing is going on. You me and everyone else don't know what the plans are. And some are very bitter it seems they are no longer in the know and so make up conspiracy theories
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Post by phillistine on Apr 2, 2022 13:00:18 GMT
When he delivers us a stadium I will only then feel his full commitment is true. I know people will slate my post but how can we know for sure he is clearing debt when he could be doing a Dunford etc 🤔 With respect, I think you need to explain exactly what you mean by ‘doing a Dunford’? Both Denis and Geoff did an awful lot for our football club, both have sadly passed on now, but much like Wael today it is my opinion we would not have survived the 80’s without the Dunford family and of course Denis’s hard work and financial input. Geoff was instrumental in us owning our own stadium again, without which we also may not have survived. They have more than earned both our respect and their place in Rovers history 💙 Absolutely right. Geoff Dunsford's role should never be underplayed. He realised that if we stayed at Bath too long then we would lose our identity and so deliberately made us homeless so that Bristol City Council had no choice other than to agree a ground share with the rugby club. They were not wealthy people compared to the present owners of football clubs generally and kept us going on a shoestring and deserve credit for doing so
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Post by badengas on Apr 2, 2022 14:13:02 GMT
Thanks Wael. Please don't buy Chelsea.
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