Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 14:10:53 GMT
So you know this as fact because....... You don't buy a fence without agreeing the price up front, signing contracts and agreeing payment terms. How do you know there isn't a dispute? How do you know that it wasn't agreed for payment to be made over a schedule of payments? How do you know that there isn't a clause which said there was other work due but not complete? Who knows, they might have used the wrong materials! You don't unless you are the director of the firm who put the fence up! I go back to that there is 2 sides and you're only spouting off an exaggerated one side based upon speculation. If it was as bad as you said, it would be reported in the press by now and the comment that they're Gasheads doesn't wash as this is business - completely different and non sentimental. So I may be wrong but I don't believe it is as bad as is being made out one bit and I really don't get this board bashing "You don't get this board bashing" do you really think that I like bashing the board ? I don't like things I know to be fact being totally dismissed by likes of yourself on here because they can't stand to here facts. Cue the "show us your facts" retort, not bothered as I've already said a waste of time. So you want me to believe something as fact when no facts have been presented and you don't want to show me the facts? I'm not saying you're wrong but I'm yet to read, or see a single substantiated fact - only conjecture and speculation. I could say my source told me that Hani has given the go ahead for the charge against the Mem to be withdrawn and written off and a further unsecured investment of £10m to support us through the Jan transfer window. Now I can't back it up and you can't disprove it without having substantiated facts (which isn't my source) so apologies if it grates but I'm entitled to challenge your opinion in a respectful manner. So far from the outside I have only seen investment in the infrastructure, purchasing of land, withdrawal from a commercially bad deal and small improvements in the Mem along with realistic investment in the team. Yes I've also seen an accounting practice applied and then rumours galore as to non payments, pulling out, no money, no desire, no investment etc . So I'm sorry but until proven otherwise, I will remain a supporter of the board and optimistic. I could be very wrong and if I am then feel free to point it out to me when it happens but until then respect my view that people are scaremongering and exaggerating and unnecessarily bashing the board (which I find tiresome) as I will yours which is of concern and anti-board sentiment (said with the greatest respect) |
|
|
|
Post by Henbury Gas on Nov 3, 2017 14:11:49 GMT
I seriously think SH just makes things up when put on the spot, as how can bulldozers be moving in any time soon when we haven't even applied for pp yet let alone obtained it? Plus I thought nothing was going to happen now anyway until Feb due to tax issues being resolved? They have planning permission to build Phase 1 of the development. It was conditional on the purchase of the land |
|
|
|
Post by BishopstonBRFC on Nov 3, 2017 15:25:34 GMT
Too many people on here need to wake up and see what's happening right under our noses. Show us some evidence and we might! Until then it's just words spouted either here or down the pub. |
|
|
|
Post by BishopstonBRFC on Nov 3, 2017 15:27:43 GMT
The debt under Higgs was owed to other directors, with only the mortgage monies owed to the bank. Then he took out the Wonga loan. Under Our new owners, the money is owed to the alQadis. The difference? We are still a heartbeat away from bankruptcy. As I have said before, 'mushrooms' comes to mind. The biggest difference is that we are accumulating debt at a far faster rate than we have ever done before. But the Mem is worth about £18 million to a developer. Whilst we owe the present £12-13m we will carry on. The truth is we need to get a new stadium that will generate the income we need to survive. The reality is that all us fans know that the Mem cannot do that, but many choose to pretend it will happen. Even our new owners used to say we had to leave the Mem as it was not viable, yet many of you out there choose to wear blinkers. Just think about it. We know that other retail outlets were needed at the UWE to pay for the development. So why aren't they needed at the Mem? They are if the cost of redevelopment is to be repaid. But there has been no mention of it. Why? Because the site is not big enough to to hold them even if we could get permission to build them. Wake up and smell the coffee. And for god sake stop saying what Wael has or hasn't said or done. Wael is true to his word about the club, but has no financial clout. Hani and Co have decided we are a bad risk and want out. Wael will have no say in it. Our best hope is that someone (🤐) will buy us, build the UWE and redevelop the Mem. If the UWE deal is as bad as we are led to believe why would anyone else touch it? |
|
|
|
Post by BishopstonBRFC on Nov 3, 2017 15:30:04 GMT
So you know this as fact because....... You don't buy a fence without agreeing the price up front, signing contracts and agreeing payment terms. How do you know there isn't a dispute? How do you know that it wasn't agreed for payment to be made over a schedule of payments? How do you know that there isn't a clause which said there was other work due but not complete? Who knows, they might have used the wrong materials! You don't unless you are the director of the firm who put the fence up! I go back to that there is 2 sides and you're only spouting off an exaggerated one side based upon speculation. If it was as bad as you said, it would be reported in the press by now and the comment that they're Gasheads doesn't wash as this is business - completely different and non sentimental. So I may be wrong but I don't believe it is as bad as is being made out one bit and I really don't get this board bashing "You don't get this board bashing" do you really think that I like bashing the board ? I don't like things I know to be fact being totally dismissed by likes of yourself on here because they can't stand to here facts. Cue the "show us your facts" retort, not bothered as I've already said a waste of time. Why is it a waste of time? If I actually saw some facts I'd happily put my hands up and say fair enough. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 17:00:27 GMT
"You don't get this board bashing" do you really think that I like bashing the board ? I don't like things I know to be fact being totally dismissed by likes of yourself on here because they can't stand to here facts. Cue the "show us your facts" retort, not bothered as I've already said a waste of time. Why is it a waste of time? If I actually saw some facts I'd happily put my hands up and say fair enough. My view too |
|
|
|
Post by Slide away on Nov 3, 2017 17:04:08 GMT
Why is it a waste of time? If I actually saw some facts I'd happily put my hands up and say fair enough. My view too One fact is that the board were quoted on numerous occasions stating that staying at the mem was no feesable for the clubs future- now it's the preferred/only option?! That doesn't stack up to me... |
|
|
|
Post by Topper Gas on Nov 3, 2017 17:06:35 GMT
The debt under Higgs was owed to other directors, with only the mortgage monies owed to the bank. Then he took out the Wonga loan. Under Our new owners, the money is owed to the alQadis. The difference? We are still a heartbeat away from bankruptcy. As I have said before, 'mushrooms' comes to mind. The biggest difference is that we are accumulating debt at a far faster rate than we have ever done before. But the Mem is worth about £18 million to a developer. Whilst we owe the present £12-13m we will carry on. The truth is we need to get a new stadium that will generate the income we need to survive. The reality is that all us fans know that the Mem cannot do that, but many choose to pretend it will happen. Even our new owners used to say we had to leave the Mem as it was not viable, yet many of you out there choose to wear blinkers. Just think about it. We know that other retail outlets were needed at the UWE to pay for the development. So why aren't they needed at the Mem? They are if the cost of redevelopment is to be repaid. But there has been no mention of it. Why? Because the site is not big enough to to hold them even if we could get permission to build them. Wake up and smell the coffee. And for god sake stop saying what Wael has or hasn't said or done. Wael is true to his word about the club, but has no financial clout. Hani and Co have decided we are a bad risk and want out. Wael will have no say in it. Our best hope is that someone (🤐) will buy us, build the UWE and redevelop the Mem. If the UWE deal is as bad as we are led to believe why would anyone else touch it? Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. |
|
|
|
Post by paulpirate on Nov 3, 2017 17:09:20 GMT
The debt under Higgs was owed to other directors, with only the mortgage monies owed to the bank. Then he took out the Wonga loan. Under Our new owners, the money is owed to the alQadis. The difference? We are still a heartbeat away from bankruptcy. As I have said before, 'mushrooms' comes to mind. The biggest difference is that we are accumulating debt at a far faster rate than we have ever done before. But the Mem is worth about £18 million to a developer. Whilst we owe the present £12-13m we will carry on. The truth is we need to get a new stadium that will generate the income we need to survive. The reality is that all us fans know that the Mem cannot do that, but many choose to pretend it will happen. Even our new owners used to say we had to leave the Mem as it was not viable, yet many of you out there choose to wear blinkers. Just think about it. We know that other retail outlets were needed at the UWE to pay for the development. So why aren't they needed at the Mem? They are if the cost of redevelopment is to be repaid. But there has been no mention of it. Why? Because the site is not big enough to to hold them even if we could get permission to build them. Wake up and smell the coffee. And for god sake stop saying what Wael has or hasn't said or done. Wael is true to his word about the club, but has no financial clout. Hani and Co have decided we are a bad risk and want out. Wael will have no say in it. Our best hope is that someone (🤐) will buy us, build the UWE and redevelop the Mem. If the UWE deal is as bad as we are led to believe why would anyone else touch it? wael & co gone by may Fact |
|
|
|
Post by BishopstonBRFC on Nov 3, 2017 17:26:25 GMT
If the UWE deal is as bad as we are led to believe why would anyone else touch it? wael & co gone by may Fact The ONLY fact at the moment is nobody had provided any facts. Like I said if/when I see some I'll happily eat humble pie but until then I'm prepared to give the board the benefit of the doubt. |
|
|
|
Post by Henbury Gas on Nov 3, 2017 17:31:55 GMT
If the UWE deal is as bad as we are led to believe why would anyone else touch it? Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... |
|
|
|
Post by aghast on Nov 3, 2017 17:41:18 GMT
If I were a rich Chinese investor I might well lend £50M to the UK government to be repaid over 20 years with interest.
But would I lend £50M to Bristol Rovers on the same terms?
I think not......
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 17:52:00 GMT
Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... But those examples are based on a fairly strong risk free rate of return - traffic flow - power consumption - and at high interest rates with little or no chance of default. The club somehow has to generate revenue streams in addition to a minimum (if we believe The Chairman) crowds of 15k to break even. That's why they said very early on that The Mem was a non starter for further development - with little or no chance of further expansion if needed. Up until July of this year then had no Plan B - fact and additional revenue hadn't even been addressed for a Mem scenario. I really cant see it happening. |
|
|
|
Post by gashead1981 on Nov 3, 2017 18:01:36 GMT
Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... HG is correct in what he says. Emirates airlines effectively paid for Arsenals new ground. Walkers did the same for Leicester. It wasn't about "naming rights". Money went in the opposite direction to help fund the elephant in the first instance. Clearly the UWE deal isn't a good enough partner for investment in the long term. It would cost the club more. The new board has never said the mem site is unfeasable. Just the existing ground on it. The site footprint is a good plot to rebuild on. But it will take some investment and planning to do so. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 18:04:17 GMT
Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... Meanwhile back in the real world, we are talking here about a third division football club with an average gate of 7/8,000 which investors won’t be queuing up to lose their money on a stadium redevelopment. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 18:09:57 GMT
Turning that around why did the ALQ's originally think it was a good deal when they bought the club and spent 18 months discussing the deal? Something else to ponder if we're now £10/12m in debt and losing £1/2m pa, the Mem likely to cost £30/40m to regenerate and take a minimum of 5 years, The Colony £5/10m, them where do the pro ALQ lobby think that money, £50/65m, is going to come from via just "evolution" and if the ALQ's somehow find it how is it ever going to be repaid, or even the interest payments (5%/£2.5m+ pa) going to be met? Probably the best we can hope for is a new grandstand at the Mem and a small clubhouse at The Colony. When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... henburygas and cuckoo land springs to mind ( new stadium) |
|
|
|
Post by Henbury Gas on Nov 3, 2017 18:14:19 GMT
When the 2nd seven bridge was built it was built with money from a French investor. We paid back the investor over 20+ years from Tolls etc. Next Year the Bridge belongs to the Govt. Did we the Govt put any money into the project at the start ? The new power station being built is being paid for by French and Chinese Money.... do i need to spell it out for you Our New Stadium will be paid for by an investment by other parties and we will paid them back over ?? years..... henburygas and cuckoo land springs to mind ( new stadium) Oh i'm defo cuckoo.......... |
|
|
|
Post by Colyton Gas on Nov 3, 2017 18:19:02 GMT
BENSON 52. Meanwhile back in the real world, we are talking here about a third division football club with an average gate of 7/8,000 which investors won’t be queuing up to lose their money on a stadium redevelopment. -------------  Agree totally but the fact that almost all the clubs with much smaller crowds have built new stadiums. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 18:26:55 GMT
One fact is that the board were quoted on numerous occasions stating that staying at the mem was no feesable for the clubs future- now it's the preferred/only option?! That doesn't stack up to me... Only in its curent state. The land is fine just needs a rebuild to a footprint that is feasible (which historically with additional income streams through hotels, retail and accommodation was proven so) |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 3, 2017 18:28:29 GMT
wael & co gone by may Fact The ONLY fact at the moment is nobody had provided any facts. Like I said if/when I see some I'll happily eat humble pie but until then I'm prepared to give the board the benefit of the doubt. Exactly! |
|
