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Post by Deleted on Nov 3, 2017 18:31:36 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..... 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. If an investor believes they'll get a rate of return (and that investor could be a Jordanian bank hedging it's assets of savings investments) then they'll invest |
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Post by toddy1953 on Nov 3, 2017 18:33:53 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 awnd 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. This is the bit that bothers me. If we get the go ahead for the Colony, we are likely to be at least £30m in debt in 5 years before the rebuilding costs. i have no idea of whether any of the accusations around DS not paying bills are true or not, personally I would have thought that the 'family' are withholding payment for contractual reasons, if true, as it could damage their reputation by just not paying. Since the blizzare way the collapse of UWE was announced, and the Mem, suddenly becoming viable, something just doesn't feel right. |
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Post by Deleted on Nov 3, 2017 18:38:08 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. ------------- View AttachmentAgree totally but the fact that almost all the clubs with much smaller crowds have built new stadiums. Agree they have, but under totally different circumstances and expectations. I hope the new stadium comes off but can’t see it personally. Just look at the location for starters! At least your comparison is a fairly realistic one! The Man Utd, Severn Bridge and Hinckley C comparison are, well mental. |
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Post by toddy1953 on Nov 3, 2017 18:54:09 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..... I understand this Henbury, but when I first went for a mortgage, the bank told me to clear my car loan & secure a big pay rise & then they would consider it. DS are looking for £50-60m investment for a 3rd Div Football team in lots of debt already. It would be interesting to see what our attendance break even figure will be & for how many years to service that debt. |
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Post by Deleted on Nov 3, 2017 18:57:57 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..... I understand this Henbury, but when I first went for a mortgage, the bank told me to clear my car loan & secure a big pay rise & then they would consider it. DS are looking for £50-60m investment for a 3rd Div Football team in lots of debt already. It would be interesting to see what our attendance break even figure will be & for how many years to service that debt. Not saying it's the case but what if it's their own bank providing the investment? They can control it all then including the rate of return etc |
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Post by toddy1953 on Nov 3, 2017 19:40:39 GMT
I understand this Henbury, but when I first went for a mortgage, the bank told me to clear my car loan & secure a big pay rise & then they would consider it. DS are looking for £50-60m investment for a 3rd Div Football team in lots of debt already. It would be interesting to see what our attendance break even figure will be & for how many years to service that debt. Not saying it's the case but what if it's their own bank providing the investment? They can control it all then including the rate of return etc Yeah could be the case, but it won't be their money, so will still have to make it attractive. Obviously I don't know the details of the UWE deal, but we were told that the finance for that was in place & at least we would still have the Mem to sell to offset some of the debt / pay for the Colony. Not lost all faith but very concerned that all the euphoria of 20 months ago will end in tears |
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Post by Deleted on Nov 3, 2017 20:23:19 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...... 😂😂😂 |
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Post by Deleted on Nov 4, 2017 0:25:10 GMT
£45k, no disputes raised, no replies to demands, writ being issued. So we can't afford 45 grand? That doesn't make any sense. There must be a reason we have chosen not to pay. £2k paid this week |
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Post by Deleted on Nov 4, 2017 0:39:04 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. 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) 😂😂 |
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Post by Deleted on Nov 4, 2017 7:27:45 GMT
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) 😂😂 Prove me wrong then and show me the substantiated facts or in simple terms, physical evidence. Based upon your comments you seem to have a detailed understanding or breakdown of what's going on and why it is entirely at the door of BRFC and that they are just not paying for no reason at all so it should be dead straight forward for you? Till you do I'll take your comments with a pinch of salt and as unsubstantiated scaremongering rumours. If it was as you say then the press would be all over this, especially as they read the forums and could have a number of people to speak publicly and not just hide behind a keyboard, but they haven't so whatever is going on is obviously just a non story or dread to think actually what was agreed in the first place - staged payment schedule. |
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Post by Topper Gas on Nov 4, 2017 8:26:55 GMT
When have the local press ever published anything negative about the new owners? I can't recall them ever questioning where the money is going to come from to pay for the Mem rebuild etc.
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Post by Deleted on Nov 4, 2017 8:39:59 GMT
When have the local press ever published anything negative about the new owners? I can't recall them ever questioning where the money is going to come from to pay for the Mem rebuild etc. But is that because there isn't anything negative to say? Re where the money is going to come from, it'll be from investment that will have a fixed/tracker based rate of return over a fixed period that most large investors or hedge funds etc seek. |
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Post by mftc on Nov 4, 2017 9:03:54 GMT
If we are so short of cash the £10k prize money v Swindon means we must try and win it.
Also will the club arrange a development side game on the FA second round date? With free entry at least we can get the chance to see the side and the bars might be busy- its better than Xmas shopping!
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Post by gasincider on Nov 4, 2017 9:11:52 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? What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? |
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Post by Henbury Gas on Nov 4, 2017 9:29:49 GMT
If the UWE deal is as bad as we are led to believe why would anyone else touch it? What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? and you have "Evidence - your word not mine" to backup this comment ? |
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Post by peterparker on Nov 4, 2017 10:02:33 GMT
If the UWE deal is as bad as we are led to believe why would anyone else touch it? What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? Likewise there is no evidence it was a good deal |
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Post by Antonio Fargas on Nov 4, 2017 10:34:01 GMT
What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? Likewise there is no evidence it was a good deal What seems to happen in all these threads, is that people make accusations or air their fears based on hearsay and rumour. Then when the club is defended by posters, they demand evidence from those posters. It's an inherently flawed way to go about things, imo, unless people just want a good moan about vague stuff. |
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Post by BishopstonBRFC on Nov 4, 2017 17:44:58 GMT
If the UWE deal is as bad as we are led to believe why would anyone else touch it? What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? So you've now made another statement with nothing to back it up. How do you know they didn't want to fund it? Did the Al Qadis tell you themselves? |
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Post by Topper Gas on Nov 4, 2017 18:18:50 GMT
What evidence is there that it was such a bad deal? The real reason was they didn't want to fund it. Why can't people see the bull we are fed every day? If they had the money, the training ground would be under way at a minimum. So where is it? So you've now made another statement with nothing to back it up. How do you know they didn't want to fund it? Did the Al Qadis tell you themselves? BSS told him whether he was being truthful or had his own agenda is anybody's guess |
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Post by Feeling The Blues on Nov 4, 2017 19:22:56 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? Who are you led to believe this by? |
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