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Post by swissgas on Jun 24, 2017 16:35:45 GMT
The newly registered charge at Companies House doesn't relate to a new loan but to the credit line taken out in February 2016 which was used to repay the former shareholder, the MSP Capital loan and to finance ongoing trading losses. From the £10 million made available it's likely that about £9 million has already been spent. So why the change now to secure the charge against the Mem, to help finance/guarantee the UWE development, or some other less obvious reason. The only reason I can think of is that in February 2016 whoever provided the funds for Dwane Sports to lend to Rovers was comfortable with whatever security and guarantees Dwane Sports provided. But fifteen months on they were not feeling so comfortable and instructed Dwane Sports to take a formal charge which would make calling in the loan and getting repaid via the sale of the Mem much more straightforward. We have to hope this is not the case.
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Post by Deleted on Jun 24, 2017 16:46:57 GMT
An interesting post by poorblue and I agree with some of what he is saying although some of it is factually incorrect.
The North Stand was not built before WWII (although it may of looked it) it was built in the late 50's to replace the old black shed which ran the length of the pitch. The plan was to build it in stages but they ran out of money. The only stand that Rovers ever had that ran the full length of the pitch was the South Stand at Eastville which was built in the 1930's and that burnt down. Since that stand was built there has not been a stand that has run the full length of the pitch and that includes Twerton and the Mem - a real embarrassment.
How Higgs ever got to a situation with Sainsburys where they were initially prepared to pay £30 million for the Mem I'll never know but if if hadn't of been for all the objectors, who knows we might just be kicking off this season in a new stadium and none the wiser as to what the deal with UWE actually was and probably most fans not really caring - Higgs would have been lauded by many. The new Stadium designed under his watch in partnership with UWE has not fundamentally changed at all - so there has to be some credit given I feel.
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Post by gregsy on Jun 24, 2017 16:57:47 GMT
here's an idea lads.... if everyone who makes a random guess about either the clubs finances, the uwe situation, or the cost of a training ground pays £1per assumption then by the end of this season we should have enough money to repay the £10m loan.... sorted
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Post by Deleted on Jun 24, 2017 17:44:31 GMT
So why the change now to secure the charge against the Mem, to help finance/guarantee the UWE development, or some other less obvious reason. The only reason I can think of is that in February 2016 whoever provided the funds for Dwane Sports to lend to Rovers was comfortable with whatever security and guarantees Dwane Sports provided. But fifteen months on they were not feeling so comfortable and instructed Dwane Sports to take a formal charge which would make calling in the loan and getting repaid via the sale of the Mem much more straightforward. We have to hope this is not the case. Could there be any connection with the fact that the AJIB profits and share price has fallen recently. I think this is more to do with the situation in the Middle East, rather than bad management, so somewhat out of their control. Maybe things are being tightened up if Dwane Sports have a loan from AJIB. Just a bit of a stab in the dark, hopefully I'm way off with this.
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Post by Topper Gas on Jun 24, 2017 18:27:25 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall.
As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts.
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Post by Slide away on Jun 24, 2017 18:39:54 GMT
Lots of interesting theories again gents- many trying to second guess what chatostophic reason the Al Q's have to do such a thing (as expected)! Tell you what, I'm just going to let the bankers deal with the financing of the club, any land acquisitions and any other financial dealings which will have a impact on the future of the club and until we are told otherwise I'm not going to be even slightly interested in any of the "it might be because of this" or "it's because the finances suggest that", let the family which have made millions from understanding financial goings on make the calls and get on with it!
Surely it will soon sink in that we are now being ran properly and those who were once mates with a director down the pub are no longer in the know...
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Post by garystash on Jun 24, 2017 18:42:07 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall. As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts. About OTIBs Bert Tann. I don't know if he's city or rovers. What I do know is he's a WUM, and a good one too! He does seem to have credible information, so some of what he says may be worth listening to.
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Post by Deleted on Jun 24, 2017 18:52:08 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall. As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts. 10% of £100 is peanuts - 10% of £1 billion is mega bucks - not helped with what's going on in Qatar at the moment.
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Post by Deleted on Jun 24, 2017 19:06:21 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall. As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts. I got the info by Googling AJIB and reading a few of the things published on the web in the last month. Some of it related to their share price (Bloomberg etc), and there were also articles about politics between various countries in the Middle East, and the financial implications of these. I guess that like a lot of people, I am capable of 2 + 2 = 5, but I am capable of doing it without being drip fed by OTIB.
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Post by paulpirate on Jun 24, 2017 19:33:50 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall. As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts. 10% of £100 is peanuts - 10% of £1 billion is mega bucks - not helped with what's going on in Qatar at the moment. shall we do a sponsored walk for them
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Post by Deleted on Jun 24, 2017 19:40:42 GMT
10% of £100 is peanuts - 10% of £1 billion is mega bucks - not helped with what's going on in Qatar at the moment. shall we do a sponsored walk for them Yeah - lets - as long as it's only a mile.
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Post by womble on Jun 24, 2017 19:51:47 GMT
Why would AJIB profits/share price have any direct effect on loans given to Rovers, I can't imagine Lloyds etc would want additional security in a similar situation with their customers. This is another ### herring raised by Bert Tann on the OTIB, has AJIB share price has only dropped by around 10% so hardly a big fall. As far as NH and the Sainsbury's deal, it seems NH fell for a typical Sainsbury's "sting" where they out bid the competition but never really have any intention of building a new superstore, so insert crafty get out clauses in their contracts. About OTIBs Bert Tann. I don't know if he's city or rovers. What I do know is he's a WUM, and a good one too! He does seem to have credible information, so some of what he says may be worth listening to. He never says anything positive about Rovers, so it's a fairly safe bet that he's a city fan pretending to be rovers fan on a city forum. None of his information is not in the public domain and before the Al Qadi takeover, he used to peddle weird conspiracy theories involving the Merchant Venturers. The most bizarre aspect is that some of the 82ers seem to believe that he's a genuine rovers fan.
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Post by garystash on Jun 24, 2017 20:45:30 GMT
About OTIBs Bert Tann. I don't know if he's city or rovers. What I do know is he's a WUM, and a good one too! He does seem to have credible information, so some of what he says may be worth listening to. He never says anything positive about Rovers, so it's a fairly safe bet that he's a city fan pretending to be rovers fan on a city forum. None of his information is not in the public domain and before the Al Qadi takeover, he used to peddle weird conspiracy theories involving the Merchant Venturers. The most bizarre aspect is that some of the 82ers seem to believe that he's a genuine rovers fan. I appreciate he never says anything positive about rovers, but the same could be said about some people on here. I wouldn't be surprised if he was gas, as some of his ramblings do have elements of truth (unsure if it's all public knowledge though). He has been saying - in a roundabout way - for some time that we will be tenants of uwe because the AQs don't have tge money to build it. That's what the Merchant Venturer post was about. A reference to Chris Booy, and him getting justice for us 'stealing' the Mem from the rugby club by making us pay to rent the uwe after we pay to build it.
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Post by Hugo the Elder on Jun 24, 2017 20:49:44 GMT
Pretty sure I saw Hamer on the Gloucester Road yesterday with a bag full of what looked like 100 million Mojos.
Hamer out.
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Post by womble on Jun 24, 2017 20:56:51 GMT
He never says anything positive about Rovers, so it's a fairly safe bet that he's a city fan pretending to be rovers fan on a city forum. None of his information is not in the public domain and before the Al Qadi takeover, he used to peddle weird conspiracy theories involving the Merchant Venturers. The most bizarre aspect is that some of the 82ers seem to believe that he's a genuine rovers fan. I appreciate he never says anything positive about rovers, but the same could be said about some people on here. I wouldn't be surprised if he was gas, as some of his ramblings do have elements of truth (unsure if it's all public knowledge though). He has been saying - in a roundabout way - for some time that we will be tenants of uwe because the AQs don't have tge money to build it. That's what the Merchant Venturer post was about. A reference to Chris Booy, and him getting justice for us 'stealing' the Mem from the rugby club by making us pay to rent the uwe after we pay to build it. His posting style is very distinctive and he never appears to post on either of the Rovers' forums. He's been banging on about the Merchant Venturers since the days when Nick Higgs was in charge. All rather odd.
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Post by yategas78 on Jun 24, 2017 21:19:46 GMT
Do GASHEADS really go on to the Turd Forum whatever next😡
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Post by 4evergas67 on Jun 24, 2017 21:31:03 GMT
About OTIBs Bert Tann. I don't know if he's city or rovers. What I do know is he's a WUM, and a good one too! He does seem to have credible information, so some of what he says may be worth listening to. He never says anything positive about Rovers, so it's a fairly safe bet that he's a city fan pretending to be rovers fan on a city forum. None of his information is not in the public domain and before the Al Qadi takeover, he used to peddle weird conspiracy theories involving the Merchant Venturers. The most bizarre aspect is that some of the 82ers seem to believe that he's a genuine rovers fan. Or in fact they believe he is actually Bert Tann. Now that would be really bizarre. Anyway lets face it we have half a dozen or so teds on here at the moment all starting the old (oh i loves the gas but.......) threads and then liking each others posts.
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Post by hargravegas on Jun 25, 2017 7:04:36 GMT
Maybe if you armed about to push the button on massive investment in building the new ground, it's important to have a charge on the old one that will in some way or other contribute to those costs?
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Post by Langford Gas on Jun 25, 2017 9:14:10 GMT
I have no idea the reasoning behind this "charge" I hope it might be similar to a bank overdraft albeit a mighty big one. What I do know is that I feel far more comfortable about the whole set of circumstances than I did post Sainsbury's !!
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Post by Kingswood Polak on Jun 25, 2017 12:58:46 GMT
When does the football start? Ain't that the truth. Too much being read into stuff we wouldn't normally go into what gets me is the way both our fans and that lot down the road's fans, will go into a forensic investigation on. I still feel very confident that we have lots more good to come. Let the professional businessman go through that other stuff and with DC signing a new FIVE YEAR contract then surely that must say so thing as to where we are headed, no !
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