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Post by Severncider on Mar 6, 2015 10:44:56 GMT
One point I omitted to add to my summary of the main points of the AGM was my own question about new investment in BRFC.
I asked " have we received any offers, either to buy or invest in the club, from either foreign or domestic prospects", the reference to foreign investment was as a result of the Guff Weekly news item.
NH confirmed that the club had been approached regarding investing in the club but the Directors (?) felt that the offers were not in the best interest of the club and would not take the club forward.
To be honest I am surprised that neither the Evening Post or other members on this forum who were at the AGM, have not pointed out this omission.
Also, the other question raised by me, regarding Chris Jelf's role as team/manager overseer, he admitted that the role had not been allocated to him as not all items in the review process have yet been implemented as they have more important issues to deal with this season. |
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Post by plymouthgas on Mar 6, 2015 11:27:08 GMT
Am i the only person who finds it strange that any approach of investment is considered 'not in the clubs best intrests'  ? |
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Post by peterparker on Mar 6, 2015 11:30:04 GMT
Investment was brought up at the pre-season Q and A, IIRC it was in relation to the Oxford bloke? And Colin Williams/Mike Turl and the answers were similar about not being or wanting it to be right for the club. No Idea if any other things have cropped up since then.
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Post by Deleted on Mar 6, 2015 11:30:49 GMT
If you had read the postings about 'possible investors' a while ago, especially the blokes involved at places like Hereford, then you have to agree with the Board's decision.....so not strange at all.
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Post by Severncider on Mar 6, 2015 11:31:34 GMT
Am i the only person who finds it strange that any approach of investment is considered 'not in the clubs best intrests' ? Just as a starter, Leeds and Cardiff Chairman's investment.
Not forgetting Salisbury and Hereford.
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Post by Topper Gas on Mar 6, 2015 11:54:42 GMT
What about Swansea's & Hull's, even Cardiff's led to the Premeriship, not every football investor is a bad one?
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Post by Deleted on Mar 6, 2015 12:14:01 GMT
What about Swansea's & Hull's, even Cardiff's led to the Premeriship, not every football investor is a bad one? And not every one is a good one! Have to trust the BoD on this one I guess. |
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Post by stigofthegas on Mar 6, 2015 12:16:28 GMT
Am i the only person who finds it strange that any approach of investment is considered 'not in the clubs best intrests' ? I really hope that you only person that thinks any offer must be in the clubs best interest. The world is full of chancers, con men and people with self-interest. Big rumours at the start of the season about potential investment. If true it would have been like sleeping with a vampire - interesting to start with but at some point the blood will be sucked dry. |
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Post by You can call me Al. on Mar 6, 2015 12:19:20 GMT
Am i the only person who finds it strange that any approach of investment is considered 'not in the clubs best intrests' ? I really hope that you only person that thinks any offer must be in the clubs best interest. The world is full of chancers, con men and people with self-interest. Big rumours at the start of the season about potential investment. If true it would have been like sleeping with a vampire - interesting to start with but at some point the blood will be sucked dry. Morning everyone. Not sure why, but my ears are burning. |
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Post by baggins on Mar 6, 2015 12:23:12 GMT
I really hope that you only person that thinks any offer must be in the clubs best interest. The world is full of chancers, con men and people with self-interest. Big rumours at the start of the season about potential investment. If true it would have been like sleeping with a vampire - interesting to start with but at some point the blood will be sucked dry. Morning everyone. Not sure why, but my ears are burning. Forget your ears, is that spare billion burning a hole in your pocket? |
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Post by buckrippers on Mar 6, 2015 12:42:10 GMT
Am i the only person who finds it strange that any approach of investment is considered 'not in the clubs best intrests' ? I really hope that you only person that thinks any offer must be in the clubs best interest. The world is full of chancers, con men and people with self-interest. Big rumours at the start of the season about potential investment. If true it would have been like sleeping with a vampire - interesting to start with but at some point the blood will be sucked dry. Totally agree with Stig. If there was anyone out there who was able to provide evidence of finances and was committed to putting money into Rovers, the board would snap their hand off. The last thing we want now is a character to come in who talks the talk but doesn't have the cash to back it up. Plenty of those in football who have conned their way into boardrooms. |
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Post by plymouthgas on Mar 6, 2015 12:43:47 GMT
Not saying the board were wrong or right to turn away the investment offers, but i would be intrested to know who the offer was from, and why the board felt it wasn't in the clubs best intrest.
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Post by peterparker on Mar 6, 2015 12:48:47 GMT
The thing is what about investment should we lose the case. I doubt we will have much choice of who could potentially swoop in.
Hopefully it doesn't come to anything like that
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Post by Severncider on Mar 6, 2015 12:52:42 GMT
Not saying the board were wrong or right to turn away the investment offers, but i would be intrested to know who the offer was from, and why the board felt it wasn't in the clubs best intrest. Some are well aware of two potential investors, as alluded too by Peter Parker.
One would have made me want to rip up my season ticket and cancel Helpline. The other, I have no idea why their approach was rejected.
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Post by Severncider on Mar 6, 2015 12:57:02 GMT
The thing is what about investment should we lose the case. I doubt we will have much choice of who could potentially swoop in. Hopefully it doesn't come to anything like that I hope you are wrong.
NH has previously indicated at Q & A sessions that he is prepared to sell his shareholding, but I hope it would be to investors who have the interests of BRFC uppermost.
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Post by plymouthgas on Mar 6, 2015 12:59:06 GMT
Not saying the board were wrong or right to turn away the investment offers, but i would be intrested to know who the offer was from, and why the board felt it wasn't in the clubs best intrest. Some are well aware of two potential investors, as alluded too by Peter Parker.
One would have made me want to rip up my season ticket and cancel Helpline. The other, I have no idea why their approach was rejected.
the only person i believe made an approach is the guy who destroyed hereford. Completely understand why he was shown the door if he did. Dont know who the others are though |
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Post by Topper Gas on Mar 6, 2015 13:23:05 GMT
The former chairman destroyed Hereford, the newcomers had a hopeless task trying to deal with £m's of debts with no assests to sell or act as security.
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Post by Deleted on Mar 6, 2015 14:06:15 GMT
This club belongs to Nick Higgs though, he has found his perfect investment in the back street lender and put everything on black in preparation of the merry or not so merry month of May.
With that in mind why would any back bench investor want to come in to bow to Higgs, and further more why would Higgs allow someone in now who has enough to pick up the pieces and take over completely? The answer is he wouldnt because he has gone to far.
May will be the month that will reveal all IMO on and off the pitch, going on previous comments by Higgs and the way he has treated the fans with contempt I see no reason why he would do what most supporters want and allow new investors on board, especially at this time.
When he makes the statement that more money coming in is not in the best interest of the club he is right, because he believes he is the club and no one is going to get hold of his toy until at least June.
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Post by stevek192 on Mar 6, 2015 15:58:27 GMT
MAYbe he has not treated the supporters with contempt, no doubt MAY will provide all the answers and whether there is a hanging or a celebration. If the UWE is built Higgs will have the last laugh and deserve it.
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Post by curlywurly on Mar 6, 2015 16:20:24 GMT
What about Swansea's & Hull's, even Cardiff's led to the Premeriship, not every football investor is a bad one? But all 3 of these faced administration because of difficulties with investors. Swansea did go into administration in 2002 and the other 2 have faced administration within the last 5 years, before they all got resurrected. If there is a re-growth model to follow, it would be Swansea's. |
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