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Post by countygroundhotel on Jun 25, 2017 13:11:21 GMT
The strangest thing about this charge is that so many on here said before the last set of accounts that it was a FACT the club was debt free
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Post by hawkgas on Jun 25, 2017 13:18:15 GMT
With our new much more comunicative open and honest owners and board, I am sure all will be explained in the next weekly official newsletter.
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pirate
Forum Legend
Posts: 19,355
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Post by pirate on Aug 3, 2017 14:32:35 GMT
Bump.
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Post by madgas on Aug 3, 2017 14:47:26 GMT
The 10m loan is on the memorial stadium, an asset owned by Dwayne Sport.
Do people honestly believe that the stadium and Dwayne sport are separate. They have a loan- in order to run the club that is making an operating loss.
It's investment!!!!
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Post by gaelgas on Aug 3, 2017 15:47:58 GMT
The 10m loan is on the memorial stadium, an asset owned by Dwayne Sport. Do people honestly believe that the stadium and Dwayne sport are separate. They have a loan- in order to run the club that is making an operating loss. It's investment!!!! Do we know what the break even figure in terms of average crowd is? I seem to remember that under Tony the Till it was 9,000. I'm assuming it's a lot higher now.
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pirate
Forum Legend
Posts: 19,355
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Post by pirate on Aug 3, 2017 15:50:59 GMT
The 10m loan is on the memorial stadium, an asset owned by Dwayne Sport. Do people honestly believe that the stadium and Dwayne sport are separate. They have a loan- in order to run the club that is making an operating loss. It's investment!!!! Do we know what the break even figure in terms of average crowd is? I seem to remember that under Tony the Till it was 9,000. I'm assuming it's a lot higher now. 13,666
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Post by gaelgas on Aug 3, 2017 15:53:11 GMT
Do we know what the break even figure in terms of average crowd is? I seem to remember that under Tony the Till it was 9,000. I'm assuming it's a lot higher now. 13,666 Thanks, so if we average 9,500 or so again this season that will equate to the 1.6 million loss I suppose? Better have a decent cup run,get to the play off final and sell Bodin for a massive profit then...
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Post by LJG on Aug 3, 2017 15:55:35 GMT
Thanks, so if we average 9,500 or so again this season that will equate to the 1.6 million loss I suppose? Better have a decent cup run,get to the play off final and sell Bodin for a massive profit then... Capacity is 12,500. I think you've missed a little joke.
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Post by gaelgas on Aug 3, 2017 16:01:40 GMT
Thanks, so if we average 9,500 or so again this season that will equate to the 1.6 million loss I suppose? Better have a decent cup run,get to the play off final and sell Bodin for a massive profit then... Capacity is 12,500. I think you've missed a little joke. I was aware that our capacity was below the quoted figure, I am now aware that that was a little joke, thank you. To be honest I would not have been surprised if our break even figure is higher than our capacity.
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Post by LJG on Aug 3, 2017 16:03:54 GMT
Capacity is 12,500. I think you've missed a little joke. I was aware that our capacity was below the quoted figure, I am now aware that that was a little joke, thank you. To be honest I would not have been surprised if our break even figure is higher than our capacity. That would be Tony Watola-nomics.
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Post by countygroundhotel on Aug 3, 2017 18:59:50 GMT
The 10m loan is on the memorial stadium, an asset owned by Dwayne Sport. Do people honestly believe that the stadium and Dwayne sport are separate. They have a loan- in order to run the club that is making an operating loss. It's investment!!!! So they've taken over the 8% they didn't originally purchase? You do get some stupid people on here, the football club has been spending it's own money secured against it's only solid asset. Don't worry though I've heard a rumour were building a new stadium by UWE.
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Post by madgas on Aug 3, 2017 21:21:19 GMT
The 10m loan is on the memorial stadium, an asset owned by Dwayne Sport. Do people honestly believe that the stadium and Dwayne sport are separate. They have a loan- in order to run the club that is making an operating loss. It's investment!!!! So they've taken over the 8% they didn't originally purchase? You do get some stupid people on here, the football club has been spending it's own money secured against it's only solid asset. Don't worry though I've heard a rumour were building a new stadium by UWE. So wrong.
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Deleted
Deleted Member
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Post by Deleted on Aug 4, 2017 5:43:48 GMT
How do you guys know so much about the clubs financial situation?
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Post by Henbury Gas on Aug 4, 2017 6:44:06 GMT
How do you guys know so much about the clubs financial situation? the make it up so match their misguided thoughts
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Post by gasify on Aug 4, 2017 7:56:59 GMT
How do you guys know so much about the clubs financial situation? the make it up so match their misguided thoughts Isn't a fair amount of this fact, rather than fiction. We know from the accounts that were released in June that the club's debts were not written off, just that they have been replaced with a loan from Dwayne Sports. We Know that the Memorial Stadium cannot be sold now without satisfying the loan or permission from Dwayne Sports. We know that if the club did an 82 Ltd the Stadium will satisfy the Dwayne Sports loan first and anything left will go to the other amounts owed (the stadium could be saved in this scenario). What we don't know is not the financial side, but the reasons why: When the charge first became apparent, it was very easy to assume that it happened because the UWE was going ahead and the loans needed for the stadium build needed some 'equity' just in case. Now, it looks a little odd and doesn't fit the narrative. Maybe it was for the stadium and circumstances just changed....? I don't know the details about the 82ers but I would expect lansdown has a similar charge over their stadium. We don't own the stadium anymore and in truth we sold that when the takeover happened.
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Post by countygroundhotel on Aug 4, 2017 8:13:58 GMT
the make it up so match their misguided thoughts Isn't a fair amount of this fact, rather than fiction. We know from the accounts that were released in June that the club's debts were not written off, just that they have been replaced with a loan from Dwayne Sports. We Know that the Memorial Stadium cannot be sold now without satisfying the loan or permission from Dwayne Sports. We know that if the club did an 82 Ltd the Stadium will satisfy the Dwayne Sports loan first and anything left will go to the other amounts owed (the stadium could be saved in this scenario). What we don't know is not the financial side, but the reasons why: When the charge first became apparent, it was very easy to assume that it happened because the UWE was going ahead and the loans needed for the stadium build needed some 'equity' just in case. Now, it looks a little odd and doesn't fit the narrative. Maybe it was for the stadium and circumstances just changed....? I don't know the details about the 82ers but I would expect lansdown has a similar charge over their stadium. We don't own the stadium anymore and in truth we sold that when the takeover happened. Please shut up you're talking to people that don't like facts, particularly in Henbury case when he isn't handing them out, and prefer fiction and sucking up whatever the club tell them.
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Post by gasify on Aug 4, 2017 8:15:59 GMT
Isn't a fair amount of this fact, rather than fiction. We know from the accounts that were released in June that the club's debts were not written off, just that they have been replaced with a loan from Dwayne Sports. We Know that the Memorial Stadium cannot be sold now without satisfying the loan or permission from Dwayne Sports. We know that if the club did an 82 Ltd the Stadium will satisfy the Dwayne Sports loan first and anything left will go to the other amounts owed (the stadium could be saved in this scenario). What we don't know is not the financial side, but the reasons why: When the charge first became apparent, it was very easy to assume that it happened because the UWE was going ahead and the loans needed for the stadium build needed some 'equity' just in case. Now, it looks a little odd and doesn't fit the narrative. Maybe it was for the stadium and circumstances just changed....? I don't know the details about the 82ers but I would expect lansdown has a similar charge over their stadium. We don't own the stadium anymore and in truth we sold that when the takeover happened. Please shut up you're talking to people that don't like facts, particularly in Henbury case when he isn't handing them out, and prefer fiction and sucking up whatever the club tell them. *Buttons lip*
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 4, 2017 8:21:59 GMT
the make it up so match their misguided thoughts Isn't a fair amount of this fact, rather than fiction. We know from the accounts that were released in June that the club's debts were not written off, just that they have been replaced with a loan from Dwayne Sports. We Know that the Memorial Stadium cannot be sold now without satisfying the loan or permission from Dwayne Sports. We know that if the club did an 82 Ltd the Stadium will satisfy the Dwayne Sports loan first and anything left will go to the other amounts owed (the stadium could be saved in this scenario). What we don't know is not the financial side, but the reasons why: When the charge first became apparent, it was very easy to assume that it happened because the UWE was going ahead and the loans needed for the stadium build needed some 'equity' just in case. Now, it looks a little odd and doesn't fit the narrative. Maybe it was for the stadium and circumstances just changed....? I don't know the details about the 82ers but I would expect lansdown has a similar charge over their stadium. We don't own the stadium anymore and in truth we sold that when the takeover happened. If that's all accurate. What happens next? I'd love to know.
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Post by gasify on Aug 4, 2017 8:34:10 GMT
Isn't a fair amount of this fact, rather than fiction. We know from the accounts that were released in June that the club's debts were not written off, just that they have been replaced with a loan from Dwayne Sports. We Know that the Memorial Stadium cannot be sold now without satisfying the loan or permission from Dwayne Sports. We know that if the club did an 82 Ltd the Stadium will satisfy the Dwayne Sports loan first and anything left will go to the other amounts owed (the stadium could be saved in this scenario). What we don't know is not the financial side, but the reasons why: When the charge first became apparent, it was very easy to assume that it happened because the UWE was going ahead and the loans needed for the stadium build needed some 'equity' just in case. Now, it looks a little odd and doesn't fit the narrative. Maybe it was for the stadium and circumstances just changed....? I don't know the details about the 82ers but I would expect lansdown has a similar charge over their stadium. We don't own the stadium anymore and in truth we sold that when the takeover happened. If that's all accurate. What happens next? I'd love to know. Me too, oh and also the lottery numbers for the weekend. The only thing that we do know pretty much 100% is that the season starts tomorrow!
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