|
Post by daniel300380 on May 29, 2017 12:22:08 GMT
I assume they meant the UWE was being paid for by the money we got from Sainsburys for the Mem, under the new owners the UWE has to paid for itself although Wasps RFC don't seem to have a problem doing that at the Ricoh Arena. Have to fund the majority. Still have the mem land after though to sell. Won't be worth as much for housing etc, but will still bring some money in.
|
|
|
Post by Topper Gas on May 29, 2017 12:46:52 GMT
I assume they meant the UWE was being paid for by the money we got from Sainsburys for the Mem, under the new owners the UWE has to paid for itself although Wasps RFC don't seem to have a problem doing that at the Ricoh Arena. Have to fund the majority. Still have the mem land after though to sell. Won't be worth as much for housing etc, but will still bring some money in. Problem is by the time we're in a position to sell the Mem will it actually be worth anymore than the club debts, which are already around £10m and increasing at around £1m p.a.
|
|
|
Post by alvestongas on May 29, 2017 12:53:06 GMT
If Mr Al Qadi does read this dirge, I hope for his sake he doesn't, but if he does, what do you think he feels about the rubbish being spouted or does he just sit there smiling at the inaccuracies and guesswork being bandied around as fact!
UTG
|
|
|
Post by Slide away on May 29, 2017 12:58:12 GMT
Have to fund the majority. Still have the mem land after though to sell. Won't be worth as much for housing etc, but will still bring some money in. Problem is by the time we're in a position to sell the Mem will it actually be worth anymore than the club debts, which are already around £10m and increasing at around £1m p.a. *accounts you draw your doomsday spiel from were as at April 2016...
|
|
|
Post by pucklegas on May 29, 2017 13:29:30 GMT
If Mr Al Qadi does read this dirge, I hope for his sake he doesn't, but if he does, what do you think he feels about the rubbish being spouted or does he just sit there smiling at the inaccuracies and guesswork being bandied around as fact! UTG Some of it is quite embarrassing, considering he had to persuade the family that this was a good project to invest in, glad he is a football man and would expect some of this nonsense!
|
|
|
Post by knowall on May 29, 2017 14:14:52 GMT
I assume they meant the UWE was being paid for by the money we got from Sainsburys for the Mem, under the new owners the UWE has to paid for itself although Wasps RFC don't seem to have a problem doing that at the Ricoh Arena. Sainsburys money minus directors loans minus Wonga loan leaves ? (enough to build a stadium??) I doubt it without borrowing/investment
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 29, 2017 14:44:09 GMT
I assume they meant the UWE was being paid for by the money we got from Sainsburys for the Mem, under the new owners the UWE has to paid for itself although Wasps RFC don't seem to have a problem doing that at the Ricoh Arena. Have to fund the majority. Still have the mem land after though to sell. Won't be worth as much for housing etc, but will still bring some money in. Mem for housing would bring in less than half of what Sainsburys offered and it's why we have moved from a project that was nearly self-financing to a stadium funded by investors who will be seeking a financial return. The entire financial model changed with Sainsburys backing out.
|
|
|
Post by Topper Gas on May 29, 2017 15:17:59 GMT
I assume they meant the UWE was being paid for by the money we got from Sainsburys for the Mem, under the new owners the UWE has to paid for itself although Wasps RFC don't seem to have a problem doing that at the Ricoh Arena. Sainsburys money minus directors loans minus Wonga loan leaves ? (enough to build a stadium??) I doubt it without borrowing/investment If Sainbury's had just handed NH £32m he wouldn't have needed the wonga loan to pay the legal fees etc, the director loans would have just been turned into equity in the UWE.
|
|
|
Post by Kingswood Polak on May 29, 2017 16:41:34 GMT
If Mr Al Qadi does read this dirge, I hope for his sake he doesn't, but if he does, what do you think he feels about the rubbish being spouted or does he just sit there smiling at the inaccuracies and guesswork being bandied around as fact! UTG I can field that question. He is well aware of the speculation and says you cannot please everyone or words to that effect. He's a football fan first and knows the fickle nature and ups and downs in mood and on how that can quickly change. I won't paste the reply as that's not on but I certainly don't feel any need for worry. I guess it's a matter of choice upon whether you chose to trust or not and I trust that he and his family are doing their utmost to get the best deal for the club.
|
|
|
Post by Henbury Gas on May 29, 2017 17:22:00 GMT
Two things that need reiterating. First, SH has twice at recent meetings confirmed that the land at UWE will be held as leasehold not freehold. So forget about land values etc. We won't be buying it. Second, Some need reminding that whilst NH gave most things away to UWE, the major difference was that the monies didn't need to be repaid under NH, but do in our current circumstances. You mean NH didn't expect to get his money back? pray tell me the difference oh deluded one You should know of all people Nick
|
|
|
Post by Henbury Gas on May 29, 2017 17:23:51 GMT
Have to fund the majority. Still have the mem land after though to sell. Won't be worth as much for housing etc, but will still bring some money in. Problem is by the time we're in a position to sell the Mem will it actually be worth anymore than the club debts, which are already around £10m and increasing at around £1m p.a. The club don't have debt DS has the debt !
|
|
|
Post by yatetown85 on May 29, 2017 18:01:14 GMT
So breakdown of this thread?
All in agreement that nobody knows a thing and all speculation is BS until the owners say what's going down?
Cool, I'll pop back in another 16 pages time...!
|
|
Marshy
Proper Gas
Posts: 14,129
|
Post by Marshy on May 29, 2017 18:07:11 GMT
So breakdown of this thread? All in agreement that nobody knows a thing and all speculation is BS until the owners say what's going down? Cool, I'll pop back in another 16 pages time...! Blimey your keen!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 29, 2017 18:13:00 GMT
If Mr Al Qadi does read this dirge, I hope for his sake he doesn't, but if he does, what do you think he feels about the rubbish being spouted or does he just sit there smiling at the inaccuracies and guesswork being bandied around as fact! UTG Well he could just give an update if UWE is still likely, it his silence that is giving rise to all the speculation.
|
|
|
Post by Topper Gas on May 29, 2017 20:19:03 GMT
Problem is by the time we're in a position to sell the Mem will it actually be worth anymore than the club debts, which are already around £10m and increasing at around £1m p.a. The club don't have debt DS has the debt ! Pretty sure that was BRFC1883 accounts published recently which suggested they had the debt!
|
|
|
Post by yatetown85 on May 29, 2017 20:35:04 GMT
If Mr Al Qadi does read this dirge, I hope for his sake he doesn't, but if he does, what do you think he feels about the rubbish being spouted or does he just sit there smiling at the inaccuracies and guesswork being bandied around as fact! UTG Well he could just give an update if UWE is still likely, it his silence that is giving rise to all the speculation. He's not Higgs, take a chill pill! Pointless updates are just as bad IMO!
|
|
|
Post by Henbury Gas on May 29, 2017 20:41:00 GMT
The club don't have debt DS has the debt ! Pretty sure that was BRFC1883 accounts published recently which suggested they had the debt! and who own's BRFC1883 ?
|
|
|
Post by alvestongas on May 29, 2017 20:44:50 GMT
Pretty sure that was BRFC1883 accounts published recently which suggested they had the debt! and who own's BRFC1883 ? ...and as with all sets of Accounts are historic!
|
|
|
Post by Topper Gas on May 29, 2017 21:02:06 GMT
Pretty sure that was BRFC1883 accounts published recently which suggested they had the debt! and who own's BRFC1883 ? Not sure that answers you own post which suggested BRFC1883 don't have the debt ...and as with all sets of Accounts are historic! I doubt the debt's been wiped out in the last 12 months.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 29, 2017 22:12:36 GMT
I fail to see how a 21,700 stadium was going to be built for £32million minus legal and consultancy fees. Either the club was going to take out more loans OR UWE was going to be part owners. Which obviously the current board do not want.Which may have been a sticking point in the deal. Now UWE owning the land still and buying a 25% share in the stadium and having a greater say over stadium use and 1/4 share of profits made...well that's a deal I could see them being keen to hold onto. Not a rental agreement on the land and some use of the space in the stadium.
|
|