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Post by Topper Gas on Sept 13, 2016 13:02:37 GMT
Sadly those facts appear spot on, AJIB's market value is "only" £247m according to the FT when I checked Rooney's figures as I assumed he was taking nonsense.
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Post by Henbury Gas on Sept 13, 2016 13:10:55 GMT
Sadly those facts appear spot on, AJIB's market value is "only" £247m according to the FT when I checked Rooney's figures as I assumed he was taking nonsense. You are assuming that the company is 100% capitalised then ? My own company has 1000 shares but has a recent value of over £100,000 ...
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Post by Topper Gas on Sept 13, 2016 13:26:44 GMT
No, idea just quoting Rooney's figures as you can't seem to find anything regarding their wealth, and Wael is always non committal.
There was no obvious signs of opulence in last night's show ie no gold plated chandeliers or merc or champagne filled swimming pool.
The fact is if Wael doesn't put some of his own money into the UWE you can't see how Rovers can affordable a £50m+ loan.
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Post by Antonio Fargas on Sept 13, 2016 13:46:47 GMT
Some interesting facts put on the B Post website article about the TV programme by a reader, from these figures it looks like Wael isn't even as wealthy as NH? Arab Jordan Investment Bank (AJIB) has entered into an agreement to acquire HSBC Bank Middle East Limited's banking business in Jordan. At 30 September 2013, that Business comprised four branches with gross assets of approximately USD1.2 billion. The transaction is expected to be completed during the first half of 2014. www.ajib.com/en/content/arab-jordan-investment-bank-agrees-acquire-hsbc-bank-middle-east-limiteds-banking-business-0
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Post by Deleted on Sept 13, 2016 13:47:35 GMT
So we are all going to believe everything Mr Rooney (whoever he may be) says about the wealth of our owner and his ability to deliver the UWE. Pure speculation by Mr Rooney as far as I am concerned, who is he to know that our new owners are limited as to what finances they can muster to deliver the UWE! Wael has said all the finance is in place already and I for one am quite happy to believe him and certainly take no notice of a keyboard speculator who watched the programme.
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Post by stuart1974 on Sept 13, 2016 13:58:16 GMT
Does it really matter how much he is worth, surely it is more important how much his business contacts are worth. It's not what you know but who you know.
Incidentally, the radio interview with his friend (Samir is his name and can be heard at 26 minutes into the Having a Gas show last week) was asked this direct question and specifically worded by the interviewer. The answer for what it is worth, is "enough".
It seems to me that some on here are overly sceptical.
If I may borrow Rich's analogy, the bus the previous driver was taking us on has broken down several times. We are now on a new bus with a new driver. We are still headed for the same destination but rather than going round and round a roundabout we are taking a scenic route. Some are worrying about second guessing the navigator to enjoy the views while we can. We may get lost or break down again but let us enjoy the more comfortable ride and deal with it when we have to.
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Post by grayraydon on Sept 13, 2016 14:00:29 GMT
So we are all going to believe everything Mr Rooney (whoever he may be) says about the wealth of our owner and his ability to deliver the UWE. Pure speculation by Mr Rooney as far as I am concerned, who is he to know that our new owners are limited as to what finances they can muster to deliver the UWE! Wael has said all the finance is in place already and I for one am quite happy to believe him and certainly take no notice of a keyboard speculator who watched the programme. Hear, hear, I trust that when Wael says the financing is in place that it actually is rather than listen to some anonymous bloke on the internet, couldn't care less how much money the family has anyway, none of my business and I would've quite liked it if Wael said to the useless reporter last night "bit nosy aren't you, what business is it of yours"
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Post by garystash on Sept 13, 2016 14:09:26 GMT
No, idea just quoting Rooney's figures as you can't seem to find anything regarding their wealth, and Wael is always non committal. There was no obvious signs of opulence in last night's show ie no gold plated chandeliers or merc or champagne filled swimming pool. The fact is if Wael doesn't put some of his own money into the UWE you can't see how Rovers can affordable a £50m+ loan. Look, if financing was an issue I am absolutely sure WAQ would say so. As for how can we afford it - I don't think we have to? I was under the impression we were seeking investors who will risk their money for an ROI on the income the stadium generates. We are not seeking a loan that we will need to repay.
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Post by Topper Gas on Sept 13, 2016 15:31:40 GMT
Perhaps somebody can explain how BRFC!883 are going to finance the annaul interest on a £50m loan if Wael is not going to invest millions in the project himself? That alone would mean around 5,000 fans a match were needed to just to meet the fiance charges.
As far as HSBC's book of business Rooney as correctly identified AJIB increased thier capital by just JD50m to take on that book of business, AJIB profits are running at around JD25m p.a. as a comparison Hargreaves Lansdown are turning out profits of £200m p.a.
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Post by grayraydon on Sept 13, 2016 15:43:51 GMT
Perhaps somebody can explain how BRFC!883 are going to finance the annaul interest on a £50m loan if Wael is not going to invest millions in the project himself? That alone would mean around 5,000 fans a match were needed to just to meet the fiance charges. As far as HSBC's book of business Rooney as correctly identified AJIB increased thier capital by just JD50m to take on that book of business, AJIB profits are running at around JD25m p.a. as a comparison Hargreaves Lansdown are turning out profits of £200m p.a. Who cares what Hargreaves Lansdown are doing? What relevance does that have on anything?
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Post by spiess1 on Sept 13, 2016 15:56:23 GMT
PLUS that Rooney is a rampant sh*thead. (Gullable is not in the dictionary, Topper Gas)
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Post by Antonio Fargas on Sept 13, 2016 16:17:03 GMT
Perhaps somebody can explain how BRFC!883 are going to finance the annaul interest on a £50m loan if Wael is not going to invest millions in the project himself? That alone would mean around 5,000 fans a match were needed to just to meet the fiance charges. As far as HSBC's book of business Rooney as correctly identified AJIB increased thier capital by just JD50m to take on that book of business, AJIB profits are running at around JD25m p.a. as a comparison Hargreaves Lansdown are turning out profits of £200m p.a. Look, calm down. The AQs obviously have a plan in mind. And obviously they're not going to give us all the details, especially before the deals have all been done. We can't explain exactly how this is going to work, but then, nor can you, and nor can your mate Rooney, and your speculation about a £50m loan is just that. So, we just need to either trust the AQs or not. Most people on here have decided to trust them, based on what we know about them, and how things have gone so far, and gut feeling. So you can decide whether to trust them or not. But really, you just need trust them, or don't trust them. But demanding people on here explain the financial arrangements around the stadium to your satisfaction while you're going on the word of some random bloke on the BP comments page is ridiculous. Trust them or don't, and whine about it or don't, but don't make ridiculous requests in place of reasonable arguments.
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Post by toddy1953 on Sept 13, 2016 16:21:10 GMT
It's the evil post, so neither factual or interesting
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Post by youmadethatup on Sept 13, 2016 16:23:36 GMT
I'm sure there are plenty of investments the AL Qadi family are involved in that we have no idea about and why should we ? One thing you can guarantee is that any'chosen facts' will be spun in a self serving way by those on OTIB and elsewhere red is a popular colour. What matters though is that a new stadium will be built , that is viable. That a category 2 academy will be built. That new training facilities are being purchased and developed. That a u21 department now exists. That the medical and backroom staff and facilities are being improved. That money is being made available to bring in good young talent and to ensure wages offers can be matched (within reason) so the club doesn't HAVE to sell like in the past. Now a sale can be made if it's a good financial deal for the club.
What rovers fans should also remember is....these are the improvements being made within the first year of new owners at league one level. The future will bring much more improvements as they become needed.
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Post by Topper Gas on Sept 13, 2016 16:38:11 GMT
PLUS that Rooney is a rampant sh*thead. (Gullable is not in the dictionary, Topper Gas) Gullible or not, unfortunately all what he has to say is backed up by info readily available on the internet. Let's see what the feasibility study brings, but Wael seems to be a millionaire rather than a billionaire.
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Post by garystash on Sept 13, 2016 16:44:45 GMT
PLUS that Rooney is a rampant sh*thead. (Gullable is not in the dictionary, Topper Gas) Gullible or not, unfortunately all what he has to say is backed up by info readily available on the internet. Let's see what the feasibility study brings, but Wael seems to be a millionaire rather than a billionaire. I reckon there are more billionaires that have got it wrong than have got it right. Wael will give rovers all his energy, and that might be all we need. :-)
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Post by garystash on Sept 13, 2016 16:47:19 GMT
PLUS that Rooney is a rampant sh*thead. (Gullable is not in the dictionary, Topper Gas) Gullible or not, unfortunately all what he has to say is backed up by info readily available on the internet. Let's see what the feasibility study brings, but Wael seems to be a millionaire rather than a billionaire. Also, if the Al-Qadis are here to drag us into oblivion - what can we do about it? At least we'll have our club for a few more years than it looked like we would under Higgs.
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Post by Jon the Stripe on Sept 13, 2016 16:55:39 GMT
PLUS that Rooney is a rampant sh*thead. (Gullable is not in the dictionary, Topper Gas) Gullible or not, unfortunately all what he has to say is backed up by info readily available on the internet. Let's see what the feasibility study brings, but Wael seems to be a millionaire rather than a billionaire. Billionaire,millionaire call him what you want, all I think he wants to be called is prudent.
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Post by xplosivgas on Sept 13, 2016 17:04:33 GMT
It's kind of like we've gone on dragon's den and won investment from that above-average looking brunette. She's no Peter Jones, but she's still got a head on those shoulders and with her connections can make it work.
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Post by Deleted on Sept 13, 2016 17:27:40 GMT
I think it's important to remember the benefit of this takeover is not personal wealth. This families contacts are obviously far reaching, future investments will not come solely from the Al - Quadis and I think limiting their exposure shows good business sense. I am excited to see who else will be investing in our future rather than how much the owners will be investing. As for lasts night show......... His wife's not up to much is she..... Gulp!
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