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Post by gasandelectricity on Jan 7, 2017 12:19:57 GMT
Can we have an idea of where the information on this is coming from? And move away from cryptic ITK talk.
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Post by justin blue on Jan 7, 2017 12:33:06 GMT
Can we have an idea of where the information on this is coming from? And move away from cryptic ITK talk. I heard it thru the grapevine.
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Post by oldgas on Jan 7, 2017 12:43:36 GMT
Quite agree. I only reported to the forum exactly what the Chairman told me. I asked the the question in a way and manner which gave him the opportunity to give a non-committed reply. Unless he is a he sort of person who gets a kick out of laying red herrings, sending people on a wild goose chase (feel free to add any other similes you can think of) then I can only assume he is confident in the time - frame he volunteered. The most important thing is 3 points this afternoon, to put the Charlton debacle to bed. old gas did he make you feel a bit more confident after speaking to him though? Absolutely. I thought long and hard before posting the topic. If he had told me the information was in confidence I would not have breathed a word. If his answer had been equivocal I wouldn't have posted and added to the myriad conspiracy theories hatched on a daily basis. I reported exactly what was said. No more, no less. If it doesnt happen I guess that means something catastrophic has happened since our conversation.
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Post by chippenhamgas on Jan 7, 2017 12:57:15 GMT
If uwe don't move from what they are asking for the land there will be no deal. Think you will find we have moved past that point now Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it.
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Post by Deleted on Jan 7, 2017 13:13:14 GMT
Think you will find we have moved past that point now Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it. When the UWE bought the land from HP .a. they had a favourable deal and b. the price of land was much cheaper back then. Probably a third cheaper than todays prices. So at todays prices of course they will want nearly double what they paid nearly 9/10 years ago. Couple with Waels investors not wanting to build a £40 million investment on land they wont own, talks will take longer than a couple of months. It is a waiting game.
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Post by Topper Gas on Jan 7, 2017 13:20:55 GMT
Out of interest why would the UWE take less than the open market value of the land, if the stadium is no longer the UWE Stadium? As to them it's now just a piece of real estate on which they need to get the best return, similar to Rovers when they come to sell the Mem?
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Post by Antonio Fargas on Jan 7, 2017 13:30:11 GMT
Out of interest why would the UWE take less than the open market value of the land, if the stadium is no longer the UWE Stadium? As to them it's now just a piece of real estate on which they need to get the best return, similar to Rovers when they come to sell the Mem? Synergy. They'd still be getting the use of the facilities and they'd still have the potential attractiveness that they have been boasting about in their prospectus. So if they were prepared to have a stadium on the site for 125 years with no lump sum financial return then there has to be something in it for them that would presumably mitigate the price for the freehold, otherwise their original plan would make no sense. Either that, or the original deal was more lucrative for them than selling the freehold, and if that were the case, I would say that that means it was almost certainly a bad deal for us as a club in the long term. fwiw, I never really bought into the massive synergy that this development was supposed to achieve, anyway. I don't see that there's very much to be gained by having a stadium next to a Uni for either party. But that's what we were always told.
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Post by Topper Gas on Jan 7, 2017 20:09:01 GMT
The problem now is that it will be BRFC's stadium on BRFC's own land not the UWE Stadium. I doubt my kids would be rushing to study at a uni because they could use the gym at the nearby XYZ Stadium.
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Post by gasandelectricity on Jan 7, 2017 20:37:59 GMT
The problem now is that it will be BRFC's stadium on BRFC's own land not the UWE Stadium. I doubt my kids would be rushing to study at a uni because they could use the gym at the nearby XYZ Stadium. I think there's a point further up though - is it really a draw at all regardless of it is connected to UWE or not. I've never been convinced.
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Post by oldgas on Jan 7, 2017 20:39:24 GMT
Think you will find we have moved past that point now Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it. Yes, but do you know this for a fact? Have you been told by these advisors or indeed those they are advising at UWE what the land is worth and how much BRFC should pay for it? Just interested, so if you do know, please share.
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Post by Feeling The Blues on Jan 7, 2017 22:01:04 GMT
Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it. Yes, but do you know this for a fact? Have you been told by these advisors or indeed those they are advising at UWE what the land is worth and how much BRFC should pay for it? Just interested, so if you do know, please share. That's right oldgas but you could also ask the poster that he replied to the same question about knowing what he said for a fact. It might be poster A makes up some bollox so poster B makes up some in answer to it. Thanks for posting a summary of your conversation with Wael and Hamer though.Its the only enlightening thing anyone has said on the subject of UWE for a couple of months.
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Post by Topper Gas on Jan 7, 2017 23:35:24 GMT
Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it. Yes, but do you know this for a fact? Have you been told by these advisors or indeed those they are advising at UWE what the land is worth and how much BRFC should pay for it? Just interested, so if you do know, please share. If we're now trying to buy rather than lease the land then why wouldn't the UWE get an independent valuer to put a value on the land? Something is clearly holding up the deal since the feasibility report was produced.
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Post by peterhooper57 on Jan 8, 2017 2:18:08 GMT
This is all becoming far too ******* boring, time for the Rovers and the UWE to shake hands and say their good-byes. It would appear the UWE want to keep their land and WAQ wants to buy the land, they are not going to agree. lets jog on.
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Post by knowall on Jan 8, 2017 8:34:57 GMT
Can we have an idea of where the information on this is coming from? And move away from cryptic ITK talk. I heard it thru the grapevine. after the grapes had been crushed I guess?
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Post by chippenhamgas on Jan 8, 2017 9:00:01 GMT
I firmly believe the redevelopment of the mem will be back on the agenda soon.
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Post by bluegashead on Jan 8, 2017 9:41:26 GMT
If that true then there is only so far we could go so I hope that never happens otherwise it will be league 1 championship yoyo club
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Post by gaslife on Jan 8, 2017 9:57:32 GMT
I firmly believe the redevelopment of the mem will be back on the agenda soon. The only sensible redevelopment of the old rugby ground site would be to flatten it and build houses. The council now realises this.
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Post by chippenhamgas on Jan 8, 2017 10:31:04 GMT
I firmly believe the redevelopment of the mem will be back on the agenda soon. The only sensible redevelopment of the old rugby ground site would be to flatten it and build houses. The council now realises this. We own a piece of land, the piece of land we want to buy is too expensive. To find another and follow through to completion would take five years. Pp for a redevelopment at the mem wouldn't be a problem. If uwe falls through it will be mem redevelopment.
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Post by daniel300380 on Jan 8, 2017 10:34:07 GMT
Think you will find we have moved past that point now Unfortunately i think you will find we haven't. Uwe have their advisors telling them exactly what that land is worth and that's what they want. We don't want to pay it. How do you know this?? Sounds like guess work. We might have agreed a price now. Unless you have been taking part in the meetings? If we really want the land and they really want to sell it, they will agree a price somewhere in the middle and for all you know, they might have already.
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Post by Strange Gas on Jan 8, 2017 10:36:03 GMT
The only sensible redevelopment of the old rugby ground site would be to flatten it and build houses. The council now realises this. We own a piece of land, the piece of land we want to buy is too expensive. To find another and follow through to completion would take five years. Pp for a redevelopment at the mem wouldn't be a problem. If uwe falls through it will be mem redevelopment. I agree. A key reason it wasn't an option was to release the value tied up in the land. If we are now rightly looking to buy land, staying put becomes a more viable option again. I can't see that the 3k capacity difference of redeveloped Mem vs UWE is material
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