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Post by daniel300380 on Dec 22, 2017 17:40:13 GMT
Based on this, it really does beg the question - Why? I believed (wrongly) their net assets were significantly higher. IF UWE 'employed' SL (or any expert) in an advisory role he would have seen straight through this and IMO would have advised severe caution (a relatively minor overseas bank with little or no UK credibility) - hence as I've thought all along they were not able to come up with the necessary long term financial guarantees (bonds). Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Yes cause he wasn't working alongside people high up in FIFA already. Photographed with people like Maradona, Ozil and Terry etc. Rubbing noses with lower league clubs had raised his profile a lot more than that though! More likely he just wants to improve a club, like he has for football in his own country. Helping set up national youth set ups, working alongside people running for FIFA president etc. You can see he cares about that side of football. Improving our coaching set up, setting up a development side etc. |
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Post by Deleted on Dec 22, 2017 17:40:50 GMT
Based on this, it really does beg the question - Why? I believed (wrongly) their net assets were significantly higher. IF UWE 'employed' SL (or any expert) in an advisory role he would have seen straight through this and IMO would have advised severe caution (a relatively minor overseas bank with little or no UK credibility) - hence as I've thought all along they were not able to come up with the necessary long term financial guarantees (bonds). Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Can I get this straight. Swiss Gas say's the AQ family combined wealth and annual income is a lot lower than most believed and yet they spent millions just to buy Wael something to play with? Hmmmm ok |
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Post by Gastafari on Dec 22, 2017 17:42:01 GMT
Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Good job as Hamer says then that we are not in a two club city and have to worry about losing the next generation of supporters to a local rival! We are in the hands of bluffers and jokers but hey no problem let's get some perspective. We are 'lil ol' Bristol Rovers and it can't be reasonably expected that we should have the training facilities of Fleetwood Town, the status of Bournemouth or even Burton f**king Albion, or a ground as good as Tranmere Rovers! No siree we need perspective! We've had 2 promotions in 3 years which as far as im aware is quicker than Both Burton and Bournemouth managed in their rises up the leagues. |
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Post by Feeling The Blues on Dec 22, 2017 17:42:32 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! An enlightening post Swiss. Far to good to be hidden in the middle of this thread though. |
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Post by Deleted on Dec 22, 2017 17:42:36 GMT
Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Good job as Hamer says then that we are not in a two club city and have to worry about losing the next generation of supporters to a local rival! We are in the hands of bluffers and jokers but hey no problem let's get some perspective. We are 'lil ol' Bristol Rovers and it can't be reasonably expected that we should have the training facilities of Fleetwood Town, the status of Bournemouth or even Burton f**king Albion, or a ground as good as Tranmere Rovers! No siree we need perspective! I'd be watering myself if this was City. As it is, it is my own club that I have supported for 20+ years and it is heart breakingly sad that we have been rescued from going to the wall only to find out our rescuers are little better than Higgs and co. In fact, worse. If Higgs had come out and told the fanbase that 'our debts are x million we need help' the fans could have had a good go at raising 4 or 5 million. We have absolutely NO chance of supporters raising the money to buy the club at the level of debt the Al Qadi's have saddled us with. |
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Post by Deleted on Dec 22, 2017 17:43:48 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! An enlightening post Swiss. Far to good to be hidden in the middle of this thread though. Billionaire Jordanians eh?  |
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Post by Deleted on Dec 22, 2017 17:45:21 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! The following is relevant in this debate. Swansea were taken over a year ago by two Americans. However it has just come to light that the club is owned by 27 Americans who all invested in the club, not just the two who get all the headlines. |
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Post by Feeling The Blues on Dec 22, 2017 17:47:39 GMT
Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Can I get this straight. Swiss Gas say's the AQ family combined wealth and annual income is a lot lower than most believed and yet they spent millions just to buy Wael something to play with? Hmmmm ok Can you telll us how many millions they have SPENT Eric? Is the money they have put in loans or equity? Is any of the money they have put in secured against the clubs assets? |
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Post by Topper Gas on Dec 22, 2017 17:51:23 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! Pretty sure Wasps bond holders were happy to accept a 5% return when they bought the Ricoh Stadium so that's "just" a £1.25m return p.a. required not £1.8m, if we use that figure then it means for purely getting bums on seats then we need 62.5K extra fans paying £20 each for a ticket/drinks etc, given we play around 23 games a season that's an extra 2,750 fans a match which isn't that inconceivable. What's interesting this week is Barnsley, an established Championship side, 30 years or so ahead of us, sold for a rumoured £10-20m which seems a bargain if the ALQ's have already gone though £12m at Rovers, unless they've got massive debts on top? what's interesting this week is Barnsley were bought for a rumoured £20m, if so, that makes them look a steal if the ALQ's have really "invested" £12m already at Rovers. |
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Post by aghast on Dec 22, 2017 17:51:29 GMT
Swissgas' analysis (if right) suggests it is a plaything for little Wael, which (imo) is corroborated by the interest in Gillingham. A cheap buy in on a club down on it's luck to add it to the portfolio and give Wael a leg up in football politics. Good job as Hamer says then that we are not in a two club city and have to worry about losing the next generation of supporters to a local rival! We are in the hands of bluffers and jokers but hey no problem let's get some perspective. We are 'lil ol' Bristol Rovers and it can't be reasonably expected that we should have the training facilities of Fleetwood Town, the status of Bournemouth or even Burton f**king Albion, or a ground as good as Tranmere Rovers! No siree we need perspective! Steve Hamer certainly raised my expectations in July 2016 ---------------------------------- The upshot is that Rovers find themselves back in the third tier of the English game – a level at which they have played more often than not since they were formed back in 1883. They have never risen higher than the division now known as the Championship but with the club's seven-figure debts believed to have been absorbed by the Al Qadis as part of the multi-million pound takeover deal, they appear to be in a better position financially than at any time in recent memory. The new owners are fronted by banker, football fanatic and new Rovers president Wael Al Qadi, with Hamer tasked with the day-to-day restructuring of the club after succeeding Nick Higgs as chairman. He previously held the same role at Swansea City and believes, in time and with the right processes in place off the field, Rovers have the potential to emulate both his former club and Bournemouth in climbing from the basement to the promised land of the Premier League. “Because we have owners who are international people, our profile has really gone global,” added Hamer. “Before, we might have been pretty regional with the odd segment of support in other cities in the UK. All of a sudden, our results are looked for not only in Jordan but also most of the Arab world. We are no longer rag, tag and bobtail Bristol Rovers, we are a pretty serious outfit and long may that continue. We must build on that. “We have very considered plans to move things forward here and so that's what we intend to do and really build a club. “The gaps between the divisions are getting wider, and it would be misleading to say that wasn't the case. You never fall into the trap of talking about five-year plans or saying 'Premier League or bust' but, by God, look at Bournemouth and what they have done. You've got to admire them. You could honestly say to any football club in the UK and say it is achievable with a bit of a following wind and a bit of luck.” Something altogether more permanent, namely a new stadium, is the prerequisite that will underpin Rovers' hopes for the future, however. A protracted and hugely expensive legal battle with Sainsbury's over the purchase of club's Memorial Stadium base scuppered the previous, Nick Higgs-led regime's bid to deliver a 21,700 all-seater arena at the University of the West of England's Frenchay campus and raised skepticism over whether the project would ever come to fruition. The takeover appears to have breathed new life into the bid, with the two parties involved attempting to reach a final agreement during the summer. Hamer said: “It needs to be high on our priority list. Whatever you say about the Memorial Stadium, it has been here for donkey's years and it is a sticking-plaster job. You are throwing large amounts of cash around every year just to preserve the health and safety aspect of it. “The great thing about the new stadium is that it brings a new audience to the game, including ladies because the facilities are better and safer, as well as boys and girls which is important. You create a far better sense of community and you are almost giving something back. It's a brave new world. “There was a previous agreement but that had some issues attached that we weren't comfortable with,” Hamer said, when asked by XtraTime about negotiations with UWE back in May. “Those issues have now been addressed and all being well there will be no other hurdles that we have to surmount. UWE, without question, is the preferred site. Conversations are pretty advanced and have been for some time and both sides would be extremely disappointed if it didn't fulfill itself.” www.xtratimewest.co.uk/football/bristol-rovers-2016-17-rise-afc-bournemouth-gives-us-all-hope-says-chairman-steve-hamer |
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Post by daniel300380 on Dec 22, 2017 17:57:49 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! What about the hotels and the other business they have all over the world? The reporter from Jordan who was interviewed at the take over said they don't know how much money they have, but it's a lot and they have a number of different businesses all over the world. They don't talk about most of there work, so you have no idea how much money they have, so stop making out you do. Unless you are a member of the family??? |
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Post by Big Jock on Dec 22, 2017 17:59:50 GMT
If you say 'Gullible' slowly it sounds like 'Oranges'.
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Post by paulpirate on Dec 22, 2017 18:01:56 GMT
Good job as Hamer says then that we are not in a two club city and have to worry about losing the next generation of supporters to a local rival! We are in the hands of bluffers and jokers but hey no problem let's get some perspective. We are 'lil ol' Bristol Rovers and it can't be reasonably expected that we should have the training facilities of Fleetwood Town, the status of Bournemouth or even Burton f**king Albion, or a ground as good as Tranmere Rovers! No siree we need perspective! We've had 2 promotions in 3 years which as far as im aware is quicker than Both Burton and Bournemouth managed in their rises up the leagues. its been evolution since 1883 |
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Post by Midsomer Murderer on Dec 22, 2017 18:06:26 GMT
Good job as Hamer says then that we are not in a two club city and have to worry about losing the next generation of supporters to a local rival! We are in the hands of bluffers and jokers but hey no problem let's get some perspective. We are 'lil ol' Bristol Rovers and it can't be reasonably expected that we should have the training facilities of Fleetwood Town, the status of Bournemouth or even Burton f**king Albion, or a ground as good as Tranmere Rovers! No siree we need perspective! We've had 2 promotions in 3 years which as far as im aware is quicker than Both Burton and Bournemouth managed in their rises up the leagues. Much of the team we had then and have now did not require any serious investment and was based on the team formed when Higgs was here. |
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Post by Feeling The Blues on Dec 22, 2017 18:10:53 GMT
We've had 2 promotions in 3 years which as far as im aware is quicker than Both Burton and Bournemouth managed in their rises up the leagues. its been evolution since 1883 Devolution would be more accurate especially since 1959 |
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Post by Gastafari on Dec 22, 2017 18:13:00 GMT
We've had 2 promotions in 3 years which as far as im aware is quicker than Both Burton and Bournemouth managed in their rises up the leagues. Much of the team we had then and have now did not require any serious investment and was based on the team formed when Higgs was here. And so was/is Bournemouth's. I don't get what your point is? |
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Post by paulpirate on Dec 22, 2017 18:21:35 GMT
Much of the team we had then and have now did not require any serious investment and was based on the team formed when Higgs was here. And so was/is Bournemouth's. I don't get what your point is? bournemouth bought good players and spent quite a lot,reaping the rewards now |
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Post by Gastafari on Dec 22, 2017 18:32:31 GMT
And so was/is Bournemouth's. I don't get what your point is? bournemouth bought good players and spent quite a lot,reaping the rewards now The money they've spent recently is simply as a result of being in The Premier League. The money they spent before that, the majority of it anyway was down to selling players and bringing others in. They didn't achieve 2 promotions in 3 years like we have, they haven't got a brand new shiny stadium either. Again their owner Max Demin bought the club in 2011, 5 years before the Al-Qadi's bought us. It was a steady progress. Perspective anyone? 😉 |
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Post by Topper Gas on Dec 22, 2017 18:37:12 GMT
Some perspective is also needed about the Al Qadi family situation and their capabilities. Jordan only just makes it into the list of top 100 countries ranked by GDP and is one place below the Democratic Republic of Congo. The AJIB is about the 8th largest bank in Jordan in terms of market capitalisation and it's current stock market valuation is £270 million making the Al Qadi family stake worth about £80 million. Their total family dividend income from AJIB is about £6 million per year with Wael's portion about £700 000 pa. If the Al Qadi family are not in a position to finance a £25 million redevelopment of the Mem themselves they will have to look for outside investors. If those investors are looking for a 5% return over 25 years the redeveloped Mem will have to be producing net revenues of £1.8 million per year just to pay the outside investors. So to "sell" those investors on the deal someone will have to convince them that the Bristol Rovers business will be able to perform an amazing turnaround from £2 million losses to at least £1.8pa million profits. And then cash has to be found to finance the football team ! What about the hotels and the other business they have all over the world? The reporter from Jordan who was interviewed at the take over said they don't know how much money they have, but it's a lot and they have a number of different businesses all over the world. They don't talk about most of there work, so you have no idea how much money they have, so stop making out you do. Unless you are a member of the family??? The only hotel I'm aware of is the Four Seasons in Jordan? |
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Post by matealotblue on Dec 22, 2017 18:45:10 GMT
Which will be over 60 years since I first started supporting this club and we are STILL talking about new/better/improved stadium(s)..... That's perspective!  Think I will give up in my lifetime of ever seeing anything remotely like AG or similar as a home to the quarters. Sad but true.
Lets just throw all our toys out the pram and expect some Arab blokes just to wave a magic wand or rub a lamp and magically make the previous 140 odd years of our history disapear and miraculously make everything we've ever dreamed about come true in the space of 5 minutes? Is that honestly what you were expecting? Perspective indeed. Never said it was. But don’t worry about that. Haven’t thrown my toys out of any pram. Just expressing my frustration after all these years. And they are many (both years and frustration) Never said anything about magically making 140 years of history disappear. Not sure why I would or why you would think I would. Or reappear in 5 minutes. Apart from that that a good reply. |
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