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Post by Henbury Gas on Jul 10, 2014 9:09:00 GMT
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Post by Deleted on Jul 10, 2014 9:10:22 GMT
Link, y u no work?
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Post by Henbury Gas on Jul 10, 2014 9:17:44 GMT
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Post by 1883 on Jul 10, 2014 9:19:34 GMT
Worked for me, still a bit vague but a positive I reckon.
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Post by Deleted on Jul 10, 2014 9:22:42 GMT
Depends on how you want to read it. It is certainly not a yes but it's not a no either. It's more of a nothing really, just a response to lotty.
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Post by newmarketgas on Jul 10, 2014 9:28:31 GMT
Hence why the board say nothing! would you go to our fans with a big yes ? when Sainsbury might still say no ? The supporters would not blame Sainsbury but they would blame the BOD, just like the Greens have got off the hook !
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Post by fanboy on Jul 10, 2014 9:32:17 GMT
I understood why the board couldn't comment on this issue to be fair. I think communication is poor but this one is kind of unavoidable. I can't tell if it's positive or not from this article to be honest but the fact talks are ongoing and the board still discuss the UWE's importance would suggest they're just trying to pin down the final contracts. If it was in real doubt then the board would be running around like headless chickens by now.
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Post by Henbury Gas on Jul 10, 2014 9:35:14 GMT
Depends on how you want to read it. It is certainly not a yes but it's not a no either. It's more of a nothing really, just a response to lotty. i think this maybe the reason the club have been quiet :- "To do so would place us in breach of our contractual commitments to the other parties "
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Post by Finnish Gas on Jul 10, 2014 10:05:07 GMT
Sainsbury's confirms commitment to Bristol - but stops short of commitment to store in HorfieldBy The Bristol Post | Posted: July 10, 2014 MemorialStadium SAINSBURY'S has reiterated its commitment to Bristol – although the supermarket has stopped short of giving a concrete commitment to its planned store on the site of the Memorial Stadium in Horfield. The fortunes of Bristol Rovers are tied up with the supermarket giant's plans, which are crucial to the funding of a new stadium for the club. In one of his final acts as Sainsbury's chief executive, Justin King – whose last day was yesterday – wrote to Bristol North West MP Charlotte Leslie who, with other city MPs last week called on the company to confirm it was going ahead with the project. Concerns were raised that the deal might collapse after Sainsbury's pulled out of a number of other store projects elsewhere in the UK. In his letter, seen by the Bristol Post, he writes: "We are committed to Bristol and the wider city region, and have been ever since we opened our first store in the city almost 45 years ago. We directly employ over 800 people through our 10 Bristol stores and, of course, many more through our Emerson's Green Distribution Centre and other stores in the City region." Related content Mr King blamed the delays to the project on a series of "legal challenges". Despite Bristol City Council rubber-stamping Sainsbury's planning application in January 2013, the legal challenges "have taken more than 18 months to conclude, a particularly long wait, even for an application of this complexity", he says. The outgoing boss insists that the retailer has "continued our dialogue with Bristol Rovers" and that it is monitoring the "situation closely". The letter continues: "I am aware of the support locally for the redevelopment and the additional investment in the region that this potentially unlocks. However, I am sure you will appreciate we cannot discuss the progress or status of our commercially confidential discussion with Bristol Rovers or UWE until they are concluded. "To do so would place us in breach of our contractual commitments to the other parties." He concludes: "We understand the imperative to "get this scheme moving" and once we are in a position commercially and contractually to discuss the next steps we will do so; but unfortunately it is not possible for us to respond in more detail at the moment." Ms Leslie described the letter as "encouraging", adding: "It is really good to hear that Sainsbury's is still committed to Bristol and they seem to have a deep understanding of how much the deal means to the city in terms of local people, infrastructure and the economy." Read more at www.bristolpost.co.uk/Sainsbury-confirms-commitment-Bristol/story-21443839-detail/story.html
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Post by Finnish Gas on Jul 10, 2014 10:13:59 GMT
Sainsbury's confirms commitment to Bristol but not to planned store on the site of the Memorial Stadium Sainsbury's has reiterated its commitment to Bristol – although the supermarket has stopped short of giving a concrete commitment to its planned store on the site of the Memorial Stadium in Horfield. The fortunes of Bristol Rovers are tied up with the supermarket giant’s plans, which are crucial to the funding of a new stadium for the club. In one of his final acts as Sainsbury’s chief executive, Justin King – whose last day was yesterday Wednesday – wrote to Bristol North West MP Charlotte Leslie who, with other city MPs last week called on the company to confirm it was going ahead with the project. Concerns were raised that the deal might collapse after Sainsbury’s pulled out of a number of other store projects elsewhere in the UK. In his letter, seen by the Bristol Post, he writes: “We are committed to Bristol and the wider city region, and have been ever since we opened our first store in the city almost 45 years ago. We directly employ over 800 people through our 10 Bristol stores and, of course, many more through our Emerson’s Green Distribution Centre and other stores in the City region.” Mr King blamed the delays to the project on a series of “legal challenges”. Despite Bristol City Council rubber-stamping Sainsbury’s planning application in January 2013, the legal challenges “have taken more than 18 months to conclude, a particularly long wait, even for an application of this complexity”, he says. The outgoing boss insists that the retailer has “continued our dialogue with Bristol Rovers” and that it is monitoring the “situation closely”. The letter continues: “Sainsbury’s is aware of the wider investment potential related to the proposals and as you know this wider economic benefit was part of the planning case for this application.” “I am aware of the support locally for the redevelopment and the additional investment in the region that this potentially unlocks. However, I am sure you will appreciate we cannot discuss the progress or status of our commercially confidential discussion with Bristol Rovers or UWE [University of the West of England] until they are concluded. “To do so would place us in breach of our contractual commitments to the other parties.” He concludes: “We understand the imperative to “get this scheme moving” and once we are in a position commercially and contractually to discuss the next steps we will do so; but unfortunately it is not possible for us to respond in more detail at the moment.” While Mr King’s letter stops short of confirming the building work will go ahead, Ms Leslie described the letter as “encouraging”, adding: The Bristol North West MP told the Post: “This is really encouraging. “It is really good to hear that Sainsbury’s is still committed to Bristol and they seem to have a deep understanding of how much the deal means to the city in terms of local people, infrastructure and the economy.” Ms Leslie said she would, again, seek cross-party support to write to Mr King’s successor, the group’s now former commercial director, Mike Coupe, to maintain an “ongoing dialogue” with the company and to reiterate the case to proceed with the redevelopment.
Last week, Ms Leslie and the city’s three other MPs, Stephen Williams, Kerry McCarthy and Dawn Primarolo, wrote a joint letter to Mr King seeking assurances the building would proceed. Their calls were echoed by the Prime Minister, who urged Sainsbury’s to “press ahead” with the project. www.southwestbusiness.co.uk/news/10072014095354-sainsburys-confirms-commitment-to-bristol-but-not-to-planned-store-on-the-site-of-the-memorial-stadium/
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Post by Finnish Gas on Jul 10, 2014 10:15:26 GMT
Just hope that Mike Coupe is as committed as Justin King!
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Post by Deleted on Jul 10, 2014 10:43:48 GMT
Just hope that Mike Coupe is as committed as Justin King! It probably helps that Coupe was part of King's team and hopefully shares his view on the mem development.
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Post by curlywurly on Jul 10, 2014 11:15:10 GMT
I'm not quite a positive as Henbury following the article, but it is much better than a headline "Sainsbury's pull out of Mem sale: Radice Jubilant"
It does give a clear insight that negotiation and/or seeking full legal agreement is taking time and all parties are bound by a confidentiality clause. We'll need to be patient.
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Post by Finnish Gas on Jul 10, 2014 11:25:08 GMT
My fear is that given the changed circumstances Sainsbury's might be saying to NH that the purchase value of the Mem has diminished. This could be the reason for the current impasse - deadlock in financial negotiations. We can only speculate what is going on behind the scenes.
In my view we have no right to know what these negotiations are covering - although it would be helpful for Nick to give some reassurance to long-suffering fans - however vague - that the UWE is on track.
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Post by Deleted on Jul 10, 2014 11:44:00 GMT
In my view we have no right to know what these negotiations are covering - although it would be helpful for Nick to give some reassurance to long-suffering fans - however vague - that the UWE is on track. I agree with the first sentiment but if NH issues anything vague he will just get slaughtered by some people. Damned if you do and damned if you don't scenario.
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Post by Deleted on Jul 10, 2014 11:56:14 GMT
From the Other Place 22 minutes ago QuoteEditPost by oldie on 22 minutes ago
52 minutes ago rovers2 said:
about an hour ago frenchgashead said: I think we need to read this letter carefully. A lot is just verbiage about commitment to Bristol and means nothing. The key part is "once we are in a position commercially and contractually to discuss the next steps" The key word is commercially. I take this to mean that they still haven't decided to go ahead - i.e. whether the scheme is financially viable for them. That would be the let out if they want it.
Exactly. You can strip out all the guff about Bristol and come down to the one word "commercially". There should be no doubt about the commercials or commercial viability at this stage.
Thats what I took out of the statement as well. I cannot believe that Sainsburys had not undertaken commercial feasibility studies BEFORE they agreed a price with 1883 ltd. It appears now that they have doubts and that is why negotiations are so sensitive. Any reduction in the price offered obviously affects the new stadium viability which, to answer Henburys query on this thread, is why I suspect the UWE are now involved in the holistic negotiations and why nobody is saying anything. Personally I dont see this comment by Justin King as a positive at all, the legals may well be around whether the original offer was binding or not. As it stands my view this whole project hangs in the balance.
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Post by Deleted on Jul 10, 2014 12:10:21 GMT
Very interesting post Oldie. Thanks for posting it here.
Things still very much in the balance IMO.
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Post by Deleted on Jul 10, 2014 16:16:53 GMT
Very interesting post Oldie. Thanks for posting it here. Things still very much in the balance IMO. would be good to discuss here given the other side of centre viewpoint. But I have to say, and don't shoot me please, the absence of constructive viewpoint is deafening.
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Post by Deleted on Jul 10, 2014 16:31:48 GMT
From KITR, a OTIB poster, who always has genuine info re. the planning issues:-
I'm sure it's been mentioned previously but Sainsburys aren't happy with the contributions they have to make as part of the agreed Section 106 agreement and so they are trying to renegotiate the amounts with BCC.
This would have to go back through planning committee for the Councillors to agree to. Further delays likely but not sure it's necessarily an indication of cold feet on Sainsburys part - they are just trying to get themselves the best deal possible and are probably praying on the desperation of all involved to make the new store/stadium happen.
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Post by Deleted on Jul 10, 2014 16:58:56 GMT
From KITR, a OTIB poster, who always has genuine info re. the planning issues:- I'm sure it's been mentioned previously but Sainsburys aren't happy with the contributions they have to make as part of the agreed Section 106 agreement and so they are trying to renegotiate the amounts with BCC. This would have to go back through planning committee for the Councillors to agree to. Further delays likely but not sure it's necessarily an indication of cold feet on Sainsburys part - they are just trying to get themselves the best deal possible and are probably praying on the desperation of all involved to make the new store/stadium happen. You might say that. But the CEO of Sainsburys specifically mentioned commerciality and outstanding legal issues.
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