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Post by Deleted on Jul 13, 2015 14:45:36 GMT
Fair enough I suppose if your response was in some way constructive towards the original thread instead of making a sarcastic remark , ta ta And yours was. "And yours was" , how old? How was my original post sarcastic ? Please enlighten me
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Post by baggins on Jul 13, 2015 16:28:30 GMT
"And yours was" , how old? How was my original post sarcastic ? Please enlighten me I really can't be bothered. With you.
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Post by pucklegas on Jul 13, 2015 19:48:17 GMT
No point wasting more money on an appeal. Just throwing money which we haven't got at a lost cause.Six weeks to deliver this Judgement is an absolute disgrace. Unfortunately yet another example of British Law being an ass because common sense does not come into it. Totally agree Steve, Higgs can remain Bullish, puff his chest out and say we will appeal, BUT someone messed up here, we missed the cut off dates. Let s move on, as Mr Chappell said, throwing good money after bad, is not a good idea. Lawyers will always say you have a good chance when you are paying! Someone is culpable and needs to resign for their actions, or lack of.
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Post by BishopstonBRFC on Jul 13, 2015 19:51:49 GMT
No point wasting more money on an appeal. Just throwing money which we haven't got at a lost cause.Six weeks to deliver this Judgement is an absolute disgrace. Unfortunately yet another example of British Law being an ass because common sense does not come into it. Especially when her decision was three lines long.
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Post by BishopstonBRFC on Jul 13, 2015 19:52:28 GMT
Brilliant well I suppose I better get the rest of the board sorted. How do you fancy being vice chairman?. i'm banned from holding football club directorship due to financial mis management... You'll fit in well.
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Post by bluebeard on Jul 14, 2015 0:06:36 GMT
Yep and let hime take his £5m we owe him from the extensive club coffers.... wait a minute... Come on Henbury Most of it is secured is it not, and a large chunk is risk equity He could put the ground up for sale to the highest bidder and get his money back?
Higgs debt isn't secured against the stadium Oldie but, as majority shareholder yes, he could sell the ground and distribute the equity after clearing MSP. FWIW I think he was right to publicly claim the contract was watertight as he must have known litigation was inevitable. As far as I can tell had the 60% certainty clause been worded better and / or the successful appeal been lodged 20 days earlier Sainsburys would have been obliged to complete. It's hard to understand how reasonable endeavours doesn't apply here but the judge has made her decision and I hope we don't go down the appeal route. i have a certain amount of sympathy for Higgs but I think he needs to take responsibility for this latest catastrophe by partially financing it himself and stepping down. I am sure we can recover from this. If there are changes at the top and the team continues to show the fighting spirit of last season we will come back stronger. Who knows, there might even be a Plan B. UTG, f**k Sainsburys
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Post by Deleted on Jul 14, 2015 8:06:07 GMT
In fairness, Higgs has been trying to find a buyer. The result of this case will make that more difficult. Easier. The club is now worth f**k all but does have £14m worth of asset and planning permission for a new stadium. Until today you had to add Higgs money onto that. He lost that this morning. You have a point, the price will be cheaper but will be less attractive to an ambitious buyer without UWE
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Post by tumshie on Jul 14, 2015 8:27:28 GMT
In fairness, Higgs has been trying to find a buyer. The result of this case will make that more difficult. Easier. The club is now worth f**k all but does have £14m worth of asset and planning permission for a new stadium. U ntil today you had to add Higgs money onto that. He lost that this morning.I think that the only reason he's still here to try to get his money back
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Post by Deleted on Jul 14, 2015 9:11:32 GMT
"And yours was" , how old? How was my original post sarcastic ? Please enlighten me I really can't be bothered. With you.
Higgs out
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Post by Deleted on Jul 14, 2015 9:15:32 GMT
Easier. The club is now worth f**k all but does have £14m worth of asset and planning permission for a new stadium. Until today you had to add Higgs money onto that. He lost that this morning. You have a point, the price will be cheaper but will be less attractive to an ambitious buyer without UWE You are missing the point, the UWE permission still exists. What's needed is somebody to fund it using the £14m that the Mem can generate plus their own cash. Higgs has had 2 attempts to get stadia built using somebody else's money and failed. Now let's see if there really are investors willing to build a stadium. If there aren't then it can't really be viable after all can it?
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Post by gasman on Jul 14, 2015 10:20:19 GMT
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Post by Antonio Fargas on Jul 14, 2015 10:42:21 GMT
You have a point, the price will be cheaper but will be less attractive to an ambitious buyer without UWE You are missing the point, the UWE permission still exists. What's needed is somebody to fund it using the £14m that the Mem can generate plus their own cash. Higgs has had 2 attempts to get stadia built using somebody else's money and failed. Now let's see if there really are investors willing to build a stadium. If there aren't then it can't really be viable after all can it? Yeah, if you can't find 16m to fund a 30m stadium, then something is wrong. I imagine what Higgs wants is the 16m plus enough to cover whatever the board's forked out so far. So more like 23m.
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Post by supergas on Jul 14, 2015 11:33:16 GMT
You are missing the point, the UWE permission still exists. What's needed is somebody to fund it using the £14m that the Mem can generate plus their own cash. Higgs has had 2 attempts to get stadia built using somebody else's money and failed. Now let's see if there really are investors willing to build a stadium. If there aren't then it can't really be viable after all can it? Yeah, if you can't find 16m to fund a 30m stadium, then something is wrong. I imagine what Higgs wants is the 16m plus enough to cover whatever the board's forked out so far. So more like 23m. Trouble is, the last investor in, especially if they're 'riding to the rescue' will always want the biggest share of the *ahem* 'profits' UWE will generate. I guess any investor stumping up 50% of the build from this point will want at least 75% of the profits for the foreseeable future....
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Post by RD on Jul 14, 2015 12:14:45 GMT
BS5, I get that you're upset - we all are.
But please refrain from the personal abuse you are dishing out.
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Post by Deleted on Jul 14, 2015 12:51:34 GMT
Of course we're all upset. I had to go out this morning to buy a new Kitten. The last cat flew through the air for about 50 yards !
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Post by Deleted on Jul 14, 2015 14:55:02 GMT
BS5, I get that you're upset - we all are. But please refrain from the personal abuse you are dishing out. [br "Personal abuse", please highlight this
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Post by Deleted on Jul 14, 2015 15:15:42 GMT
Come on Henbury Most of it is secured is it not, and a large chunk is risk equity He could put the ground up for sale to the highest bidder and get his money back?
Higgs debt isn't secured against the stadium Oldie but, as majority shareholder yes, he could sell the ground and distribute the equity after clearing MSP. FWIW I think he was right to publicly claim the contract was watertight as he must have known litigation was inevitable. As far as I can tell had the 60% certainty clause been worded better and / or the successful appeal been lodged 20 days earlier Sainsburys would have been obliged to complete. It's hard to understand how reasonable endeavours doesn't apply here but the judge has made her decision and I hope we don't go down the appeal route. i have a certain amount of sympathy for Higgs but I think he needs to take responsibility for this latest catastrophe by partially financing it himself and stepping down. I am sure we can recover from this. If there are changes at the top and the team continues to show the fighting spirit of last season we will come back stronger. Who knows, there might even be a Plan B. UTG, f**k Sainsburys Higgs doesn't own the ground, it's owned by brfc1883ltd or something similar, its done like that so if brfc were ever to go into admin the ground couldn't be sold as its owned by a different entity.
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Post by bluebeard on Jul 14, 2015 19:03:29 GMT
Higgs debt isn't secured against the stadium Oldie but, as majority shareholder yes, he could sell the ground and distribute the equity after clearing MSP. FWIW I think he was right to publicly claim the contract was watertight as he must have known litigation was inevitable. As far as I can tell had the 60% certainty clause been worded better and / or the successful appeal been lodged 20 days earlier Sainsburys would have been obliged to complete. It's hard to understand how reasonable endeavours doesn't apply here but the judge has made her decision and I hope we don't go down the appeal route. i have a certain amount of sympathy for Higgs but I think he needs to take responsibility for this latest catastrophe by partially financing it himself and stepping down. I am sure we can recover from this. If there are changes at the top and the team continues to show the fighting spirit of last season we will come back stronger. Who knows, there might even be a Plan B. UTG, f**k Sainsburys Higgs doesn't own the ground, it's owned by brfc1883ltd or something similar, its done like that so if brfc were ever to go into admin the ground couldn't be sold as its owned by a different entity. True but Higgs and co also own BRFC 1883
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