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Post by Centenary Gas on Jul 13, 2015 10:20:57 GMT
I can handle not getting the UWE, I have my reservations about identikit stadiums anyway.
I can handle staying at the Mem for the forseeable future
I can handle the board spunking away my (and the rest of the fan's) money running the club like a bunch of muppets, season after season. Budgets in the red, paying for failure. That's football.
What I cannot handle, is my (and everyone elses) money paying for the Wonga loan, the legal fee's, and everything else with this shambles. The clubs financial future has been gambled with a £2m LOAN with £5k a WEEK interest payments. That's all very good if it works, but it hasn't. We should not have to pay for this mess that we didn't get ourselves into. The money we put into the club pays for the players, the manager, a roof over the Blackthorn, a roof over the family terrace. When I signed up to Helpline a couple of weeks ago, it was not to play my part in paying back a Wonga bill, or legal fee's. If that's where the money is going, I will be cancelling it asap.
I really do not know where this board go from here. All I know is that I will not be paying for their mistakes this time, and nor should any of the other fans have to.
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Post by z1zou on Jul 13, 2015 10:21:39 GMT
McNamara has just tweeted to say we're liable for a portion of the court costs
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Post by Deleted on Jul 13, 2015 10:22:18 GMT
Are you Greek?
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Post by Deleted on Jul 13, 2015 10:51:38 GMT
Don't worry. There is no debt or loans. Nick puts all his own money into the club.
I read it on here somewhere.
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Post by WeAreTheGas on Jul 13, 2015 10:56:06 GMT
Repaying the loan is not an option.
(I fully agree though, btw)
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Post by Centenary Gas on Jul 13, 2015 12:22:06 GMT
It gets better...
James Mcnamara @jpmcnamara7 2h2 hours ago
Rovers to be liable for "portion" of costs. To be determined by costs hearing at later date
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Post by Deleted on Jul 13, 2015 12:23:19 GMT
In short the answer to the thread title is us.
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Post by Deleted on Jul 13, 2015 12:25:23 GMT
Wasn't our lawyer4u no win no fee?
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Post by Deleted on Jul 13, 2015 12:26:18 GMT
In short the answer to the thread title is us. Not quite What has been gambled and lost is the future of the club. You cannot buy that back
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Post by Dirt Dogg on Jul 13, 2015 12:32:54 GMT
So we are now paying for brutal defeat. We've spunked millions fighting Supermarkets, lawyers, hippies and Nimbys for nothing...
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Post by Deleted on Jul 13, 2015 14:36:18 GMT
By my maths, 2.3 million is what the loan will cost us, and that I am sure is a lot less than what we had invested already. Disaster. Simple as that.
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Post by lpgas1 on Jul 13, 2015 14:43:39 GMT
So we are now paying for brutal defeat. We've spunked millions fighting Supermarkets, lawyers, hippies and Nimbys for nothing...replace with Radish Bitch |
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Post by Gas-Ed on Jul 13, 2015 18:11:17 GMT
The amount of money we now owe is frightening.
BRISTOL Rovers chairman Nick Higgs says that the board of directors had no choice but to take out a high-interest loan if they were to avoid being “starved into submission” by Sainsbury’s.
Rovers took out a short-term loan, believed to be in the region of £2 million with a company called MSP Capital in December, when it was clear their dispute with Sainsbury’s over sale of the Memorial Stadium site was going to end up in the High Court.
The club investigated issues of refinancing with existing partner Barclays to continue funding the legal challenge, which has so far cost the club in excess of £1 million, but were declined.
Instead, Rovers opted to take the loan from MSP Capital at a rate of 1.2 per cent interest per month and will have to repay the full amount and accrued interest by the end of the year.
Thank God Liverpool bought Lambert.
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Post by gregsy on Jul 13, 2015 18:17:49 GMT
So we are now paying for brutal defeat. We've spunked millions fighting Supermarkets, lawyers, hippies and Nimbys for nothing... and add to that all the planning costs.... someone had better take down those utopian uwe pictures in the bar because if they're still there on the open day i'll take them down myself and it wont be pretty.... |
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Post by Deleted on Jul 13, 2015 18:36:20 GMT
So we are now paying for brutal defeat. We've spunked millions fighting Supermarkets, lawyers, hippies and Nimbys for nothing... and add to that all the planning costs.... someone had better take down those utopian uwe pictures in the bar because if they're still there on the open day i'll take them down myself and it wont be pretty.... Would hope they are already gone Paul and been replaced with pictures of the tent, santas grotto and the state of the art visitors terrace! |
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Post by BishopstonBRFC on Jul 13, 2015 18:50:23 GMT
It gets better... James Mcnamara @jpmcnamara7 2h2 hours ago Rovers to be liable for "portion" of costs. To be determined by costs hearing at later date Hopefully it's the same amount as TRASH were liable for. |
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Post by peterparker on Jul 13, 2015 18:54:43 GMT
It gets better... James Mcnamara @jpmcnamara7 2h2 hours ago Rovers to be liable for "portion" of costs. To be determined by costs hearing at later date Hopefully it's the same amount as TRASH were liable for. Well.estimates are 500k for us. Assume similar.for Sainsburgs.and paying half.750k |
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Post by Deleted on Jul 13, 2015 19:00:18 GMT
Hopefully Raheem Stirling can pay it from his signing on fee at Man City!
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Post by lulworthgas on Jul 13, 2015 20:11:06 GMT
Daniella may get the council to pay for it. Clearly she wouldnt want to see the "war memorial" not being used as a sports venue. As her new role as head of sport and her public stance on the stadium being a memorial for the fallen, its in her best interests that Bristol Rovers are able to afford the upkeep.
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Post by Dirt Dogg on Jul 13, 2015 20:21:04 GMT
Daniella may get the council to pay for it. Clearly she wouldnt want to see the "war memorial" not being used as a sports venue. As her new role as head of sport and her public stance on the stadium being a memorial for the fallen, its in her best interests that Bristol Rovers are able to afford the upkeep. She and the rest of the Green f*ckers don't care, they'd rather it be a derelict eyesore than a asset to the whole area! |
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