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Post by spiess1 on Jan 20, 2016 8:57:48 GMT
I am a massive fan of worms. And slugs.
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Post by windy1 on Jan 20, 2016 9:10:45 GMT
I am a massive fan of worms. And slugs. Is that the Purple headed one eye bed worm?
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Post by spiess1 on Jan 20, 2016 9:16:06 GMT
Worm? Snake, mate.
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Post by garystash on Jan 20, 2016 9:17:10 GMT
If we win the court case it will still have many legal hurdles left. I think we are a lon way off an outcome Court case is just a side line now, the main show is about to startThis is my feeling too. The value of the club and hence the amount of investment required cannot be calculated until after the court case, whichever way that goes. Also, investments and/or buyouts in/of businesses are often held up because of a pending court cases. If somebody wanted to exchange £2m for a share of BRFC now (pre appeal hearing) - how would you ever gauge what percentage of BRFC that would get you? NH would argue that BRFC is worth £30m for Mem (if we win the appeal) less £10m debt = £20m. Your £2m is therefore worth 10% of BRFC. However, potential investor would argue that the value of the Mem is £15m, less £10m debt = £5m. In this case £2m is worth 40% of BRFC - the same amount of cash has 4 times the value. edit - caveat here, I don't know the actual value of the Mem or the clubs' current debt, figures are for illustration only. This is why nothing can happen and everything is held up before we know the outcome of the appeal next week.
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Post by Thatslife on Jan 20, 2016 9:24:38 GMT
It won't go to the appeal court, deal will be done before then.
I believe the EWE will happen in some shape or form. As to the ownership, could be BRFC outright or with partners / investors in some sort of a consortium. An old Chinese saying is "may you live in interesting times" well we sure have those.
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Post by curlywurly on Jan 20, 2016 9:30:19 GMT
It won't go to the appeal court, deal will be done before then.....
Better hurry up then as the appeal is scheduled to be in court in 7 days time.
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Post by Thatslife on Jan 20, 2016 9:37:17 GMT
It won't go to the appeal court, deal will be done before then.....
Better hurry up then as the appeal is scheduled to be in court in 7 days time. Could happen on the court room steps, could be a case of who bottles it first.
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Post by stuart1974 on Jan 20, 2016 9:40:29 GMT
It won't go to the appeal court, deal will be done before then. I believe the EWE will happen in some shape or form. As to the ownership, could be BRFC outright or with partners / investors in some sort of a consortium. An old Chinese saying is " may you live in interesting times" well we sure have those. Isn't that meant to be a statement of foreboding? Could be fairly apt! Less than a week to go to the Appeal.
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Post by mehewmagic on Jan 20, 2016 10:33:41 GMT
re OP
sorry, would love to say yes, and of course my heart says yes. The UWE is a genuinely brilliant partnership project. a beautiful, relatively cheap stadium, in a decent area for most fans to get to. A fair capacity and modernity for our first time EVER.
but head has to say no. I've just written an article about various events related to last week, and perchance I also found an old Supp Club newsletter from 2013, and it was pretty sad looking back at our positivity (and naiviety) that it would built so fast. in mid 2013 it was already being touted that we'd be playing the 2015/6 season in the UWE. How bloody wrong was that!
A lot of this is over 3 years old. The sainsbury's contract is almost 5 years old.
Sainsbury's have won a major court case.
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Post by Langford Gas on Jan 20, 2016 10:37:40 GMT
Court case is just a side line now, the main show is about to start This is my feeling too. The value of the club and hence the amount of investment required cannot be calculated until after the court case, whichever way that goes. Also, investments and/or buyouts in/of businesses are often held up because of a pending court cases. If somebody wanted to exchange £2m for a share of BRFC now (pre appeal hearing) - how would you ever gauge what percentage of BRFC that would get you? NH would argue that BRFC is worth £30m for Mem (if we win the appeal) less £10m debt = £20m. Your £2m is therefore worth 10% of BRFC. However, potential investor would argue that the value of the Mem is £15m, less £10m debt = £5m. In this case £2m is worth 40% of BRFC - the same amount of cash has 4 times the value. edit - caveat here, I don't know the actual value of the Mem or the clubs' current debt, figures are for illustration only. This is why nothing can happen and everything is held up before we know the outcome of the appeal next week. You will get some stick if you continue to talk sense !
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Post by Topper Gas on Jan 20, 2016 10:43:56 GMT
Better hurry up then as the appeal is scheduled to be in court in 7 days time. Could happen on the court room steps, could be a case of who bottles it first. I maybe wrong but I doubt many Court of Appeal cases are settled on the court room steps, as all the costs of Barristers etc will have already been incurred. As far as investors now knowing what the club's worth until after the Appeal hearing, surely that only applies if investors are interested in taking over the club/buidling the UWE and NH is prepared to sell, if they are they are keeping a very low profile!
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Post by Deleted on Jan 20, 2016 11:32:28 GMT
Could happen on the court room steps, could be a case of who bottles it first. I maybe wrong but I doubt many Court of Appeal cases are settled on the court room steps, as all the costs of Barristers etc will have already been incurred. As far as investors now knowing what the club's worth until after the Appeal hearing, surely that only applies if investors are interested in taking over the club/buidling the UWE and NH is prepared to sell, if they are they are keeping a very low profile! Keeping a low profile ? I reckon they could Limbo under a snakes belly with space to spare!
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Post by garystash on Jan 20, 2016 11:50:10 GMT
I maybe wrong but I doubt many Court of Appeal cases are settled on the court room steps, as all the costs of Barristers etc will have already been incurred. As far as investors now knowing what the club's worth until after the Appeal hearing, surely that only applies if investors are interested in taking over the club/buidling the UWE and NH is prepared to sell, if they are they are keeping a very low profile!Keeping a low profile ? I reckon they could Limbo under a snakes belly with space to spare! I'm sure if they do exist they would've signed a Non-Disclosure Agreement the same as NH has said he has done recently. They would be bound by the agreement and would have no choice but to keep a low profile.
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Post by Deleted on Jan 20, 2016 12:14:40 GMT
It won't go to the appeal court, deal will be done before then.....
Better hurry up then as the appeal is scheduled to be in court in 7 days time. Its called brinkmanship
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Post by Severncider on Jan 20, 2016 12:37:09 GMT
Could happen on the court room steps, could be a case of who bottles it first. I maybe wrong but I doubt many Court of Appeal cases are settled on the court room steps, as all the costs of Barristers etc will have already been incurred. As far as investors now knowing what the club's worth until after the Appeal hearing, surely that only applies if investors are interested in taking over the club/buidling the UWE and NH is prepared to sell, if they are they are keeping a very low profile! Should this say "investors not knowing"?
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Post by Topper Gas on Jan 20, 2016 13:14:58 GMT
Keeping a low profile ? I reckon they could Limbo under a snakes belly with space to spare! I'm sure if they do exist they would've signed a Non-Disclosure Agreement the same as NH has said he has done recently. They would be bound by the agreement and would have no choice but to keep a low profile. i assume tthe investors interested in Palce & Everton etc signed a similar agreement but it didn't stop news breaking, if ours is so more "watertight" then it's a pity we didn't use the same legal team for the Sainsbury's contract!!
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Post by Deleted on Jan 20, 2016 13:20:58 GMT
The same NDA was used by the Glaziers before they bought Man Utd or the Yanks who bought Liverpool, or the.............? The whole NDA thing is a smoke-screen.
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Post by lpgas on Jan 20, 2016 13:29:43 GMT
I don't think a deal will be made with sainsburys. If there are others waiting to see the outcome of the appeal then surely by "coming to an agreement" with Rovers makes all the others think, "if we take them to court, they will come to an agreement with us". Plus NH said he wanted the contract to be completed "in full" which I think he said is £29.9 million. He also said that to get any compensation for all the work they have put in then they would have to take Sainsbury to court again, as that would be a separate case.
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Post by beaver132 on Jan 20, 2016 13:35:10 GMT
Sorry, but maybe a reality check and bubble bursting for some. We are the appellant, and as such the weaker case by definition. Sainsburys have already won. They hold the high ground legally. We seek to overturn that decision, so the only deal to be done prior to the hearing would be us walking away. Sainsburys don't need to 'deal' unless our appeal point is overwhelmingly powerful that they have no choice but to concede. I doubt that very much.
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Post by Henbury Gas on Jan 20, 2016 14:44:09 GMT
Sorry, but maybe a reality check and bubble bursting for some. We are the appellant, and as such the weaker case by definition. Sainsburys have already won. They hold the high ground legally. We seek to overturn that decision, so the only deal to be done prior to the hearing would be us walking away. Sainsburys don't need to 'deal' unless our appeal point is overwhelmingly powerful that they have no choice but to concede. I doubt that very much. You are right in what you say BUT if by chance we do win the case that could open the floodgates for all the other pending developments shafted by the likes of Sainberries Is that worth the risk at this stage when they could just buy us off and not risk that ?
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