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Post by baggins on Mar 14, 2018 13:44:09 GMT
I see. Sort of. So, none of us who pay to go through the gate every other week need worry about it as it's not us liable for the millions we owe or need to come up with to keep us going? Thank crap for that. For a second there I was concerned about my season ticket renewal price. Well we should if the lender requires payment, and I have no idea of DS intentions here, then the football club we all love either finds the cash to repay the loan or we go into administration. I think it's worth being concerned about but you and others may not. I can't worry about things I have no control over. DS, Wael, the Al Qadi family, have more financial nounce than I'll ever have, and they've given no indication whatsover they'll leave us high and dry. In fact, seems like the complete opposite.
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Post by warehamgas on Mar 14, 2018 13:47:27 GMT
The two employees are Karim, he of the failed to materialise kit, and our old favourite Mr Dubery our dietary expert. As for the reasons tentatively given that UWE kept revisiting previously agreed items, why then did the vice chancellor the morning after it was called off say he was amazed it had been cancelled, and he was in fact awaiting heads of terms from us? I know a lot less than most about the behind the scenes behaviour of our board and the UWE board and have only followed the story on here and in the BEP. But to answer your question about why the VC said what he said it was obviously a case of trying to redirect all the flack elsewhere, to misdirect and muddy the waters after a big project for the UWE had just gone wrong. Wael has no one to answer to, we are a private company, no public to answer to (yes I know we have fans but legally I meant). The UWE will have to answer to someone, they are a public body responsible for public and government finance. After all that time spent negotiating the UWE would have to come out and “blame” someone or express surprise. You really don’t need to be itk to see the motives of the UWE in seeking to misdirect reasons why the project failed. Whatever, our owners decided it wasn’t right for us so we move on. UTG!
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Post by peterparker on Mar 14, 2018 13:50:26 GMT
The two employees are Karim, he of the failed to materialise kit, and our old favourite Mr Dubery our dietary expert. As for the reasons tentatively given that UWE kept revisiting previously agreed items, why then did the vice chancellor the morning after it was called off say he was amazed it had been cancelled, and he was in fact awaiting heads of terms from us? I know a lot less than most about the behind the scenes behaviour of our board and the UWE board and have only followed the story on here and in the BEP. But to answer your question about why the VC said what he said it was obviously a case of trying to redirect all the flack elsewhere, to misdirect and muddy the waters after a big project for the UWE had just gone wrong. Wael has no one to answer to, we are a private company, no public to answer to (yes I know we have fans but legally I meant). The UWE will have to answer to someone, they are a public body responsible for public and government finance. After all that time spent negotiating the UWE would have to come out and “blame” someone or express surprise. You really don’t need to be itk to see the motives of the UWE in seeking to misdirect reasons why the project failed. Whatever, our owners decided it wasn’t right for us so we move on. UTG! sshh don't say things like that.
we can't trust anything Wael and/or Steve Hamer say, but are expected to believe that the VC and UWE speaks nothing but 100% the truth.
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Post by countygroundhotel on Mar 14, 2018 14:11:58 GMT
Well we should if the lender requires payment, and I have no idea of DS intentions here, then the football club we all love either finds the cash to repay the loan or we go into administration. I think it's worth being concerned about but you and others may not. I can't worry about things I have no control over. DS, Wael, the Al Qadi family, have more financial nounce than I'll ever have, and they've given no indication whatsover they'll leave us high and dry. In fact, seems like the complete opposite. Completely fair point of view but if that is the case I'm confused why you're still reading about the financial situation of the club after 15 odd pages.
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Post by faggotygas on Mar 14, 2018 14:28:20 GMT
So what is THE MEMORIAL STADIUM COMPANY LIMITED, Company number 03536554, still active on Companies House? Genuine question. It’s dormant. Ah ok - Current status = Active but the accounts filed are indeed dormant company accounts.
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Post by faggotygas on Mar 14, 2018 14:33:17 GMT
Well we should if the lender requires payment, and I have no idea of DS intentions here, then the football club we all love either finds the cash to repay the loan or we go into administration. I think it's worth being concerned about but you and others may not. I can't worry about things I have no control over. DS, Wael, the Al Qadi family, have more financial nounce than I'll ever have, and they've given no indication whatsover they'll leave us high and dry. In fact, seems like the complete opposite. low and wet?
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Post by baggins on Mar 14, 2018 14:36:46 GMT
I can't worry about things I have no control over. DS, Wael, the Al Qadi family, have more financial nounce than I'll ever have, and they've given no indication whatsover they'll leave us high and dry. In fact, seems like the complete opposite. Completely fair point of view but if that is the case I'm confused why you're still reading about the financial situation of the club after 15 odd pages. I find it interesting.
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Post by Deleted on Mar 14, 2018 15:02:28 GMT
Has whale found his wallet yet?
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Post by Hugo the Elder on Mar 14, 2018 15:34:49 GMT
I know a lot less than most about the behind the scenes behaviour of our board and the UWE board and have only followed the story on here and in the BEP. But to answer your question about why the VC said what he said it was obviously a case of trying to redirect all the flack elsewhere, to misdirect and muddy the waters after a big project for the UWE had just gone wrong. Wael has no one to answer to, we are a private company, no public to answer to (yes I know we have fans but legally I meant). The UWE will have to answer to someone, they are a public body responsible for public and government finance. After all that time spent negotiating the UWE would have to come out and “blame” someone or express surprise. You really don’t need to be itk to see the motives of the UWE in seeking to misdirect reasons why the project failed. Whatever, our owners decided it wasn’t right for us so we move on. UTG! sshh don't say things like that.
we can't trust anything Wael and/or Steve Hamer say, but are expected to believe that the VC and UWE speaks nothing but 100% the truth.
Yeah, Steve Hamer would never say something that later turned out to be totally bollocks. Top 16 budget.
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Post by contradiction on Mar 14, 2018 15:42:13 GMT
In fairness it's only the same handful of the usual suspects being negative amd I'm sure they would say they are justified in asking questions. If you can't challenge why we're running up £3m annual debts Inc £250K wasted on an office in London whilst being told we have a bottom half budget but a top 6 average home attendance, we may as well all become nodding dogs. You need to understand how football clubs are funded, and how playing budgets are calculated and capped.
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Post by peterparker on Mar 14, 2018 15:44:04 GMT
sshh don't say things like that.
we can't trust anything Wael and/or Steve Hamer say, but are expected to believe that the VC and UWE speaks nothing but 100% the truth.
Yeah, Steve Hamer would never say something that later turned out to be totally bollocks. Top 16 budget. That's not what I am saying though is it?
Why do some people expect us to believe the word of another business with their own interests at stake as if they have couldn't possibly be bending the truth themselves
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Post by Topper Gas on Mar 14, 2018 16:38:34 GMT
If you can't challenge why we're running up £3m annual debts Inc £250K wasted on an office in London whilst being told we have a bottom half budget but a top 6 average home attendance, we may as well all become nodding dogs. You need to understand how football clubs are funded, and how playing budgets are calculated and capped. I think you need to understand it more than me, the only cap on the playing budget is how much the owners want to spend each season. If it was my £250K I'd be spending at Horfield rather than in central London, I wonder how many other lower league clubs based outside the capital have offices in London.
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Post by contradiction on Mar 14, 2018 17:31:23 GMT
You need to understand how football clubs are funded, and how playing budgets are calculated and capped. I think you need to understand it more than me, the only cap on the playing budget is how much the owners want to spend each season. If it was my £250K I'd be spending at Horfield rather than in central London, I wonder how many other lower league clubs based outside the capital have offices in London. Nope. Read up on FFP (its actually called something else, 'football league cost protocol' or something). People really need to understand this, so that this whole bollox thread can be put to bed: You can only spend 60% of your income on the playing budget. Management costs (Darryl etc), under 21 players etc are excluded. So its all about income generated. We generate income from 9000 crowds and bugger all else, due to the Mem. So for example lets say 9000 x £20 = £180k Plus say 500 meals x £40 = 20k. So for arguments sake, lets say we generate £200k per match. x 23 = £4.6 m per season x 60 % = £2.7m playing budget. Now lets say another club on gates of 6000. 6000 x £20 = £120k per match. But lets say they also generate 2000 x £40 hospitality =80k per match. Total income 200k per match So both clubs generate the same income and hence have the same salary cap, although we had 9000 crowds and the other club 6000. Crowds are only one part of it. This is very basic, and much more is included in income generation, but its why the club need a new stadium/expanded Mem and its also why they have a new Commercial Director and also a Business Development bloke in London, as the only way to become self sustaining long term is through income generation. The only way to get to that point is to invest (spend) on the infrastructure and set up that will allow it to happen. Which will incur losses short term (which is now). Either that, or just spend what we earn, and nothing more and get relegated and become part time. Once everyone grasps this fundamental point they realise what the owners are doing by 'evolution' Bye bye
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Post by Deleted on Mar 14, 2018 17:48:13 GMT
You need to understand how football clubs are funded, and how playing budgets are calculated and capped. I think you need to understand it more than me, the only cap on the playing budget is how much the owners want to spend each season. If it was my £250K I'd be spending at Horfield rather than in central London, I wonder how many other lower league clubs based outside the capital have offices in London. Wholly and necessary? P11d disclosure? Swiss will know but best not say.
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Post by Deleted on Mar 14, 2018 17:51:58 GMT
"We can only spend what we earn" - DC's exact words before the two cup games we lost in the space of a few days.
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Post by althepirate on Mar 14, 2018 19:08:28 GMT
I have a feeling that there has been a change of mind about the amount of finance the family want to invest in the club ex the stadium, is this why we pulled out of the UWE? I hope I'm wrong. Does anyone else think this? Mondays BOD didn't seem full of enthusiasm and ambition to me.
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Post by Severncider on Mar 14, 2018 19:19:30 GMT
Funding and Spending are two different things.
Funding is providing money but with the intention of getting it back with or without a return. When you buy a house a bank helps with the funding by giving you a mortgage. The bank doesn't own a part of the house but will expect the money it gave you (to fund the purchase) to be paid back over an agreed time with interest. If you fail to do this they will take the house off you, sell it and recover their funding that way.
If you had put a deposit of your own money towards the purchase cost you have spent this money on buying a house and you will only recover it when you sell the house.
I see. Sort of. So, none of us who pay to go through the gate every other week need worry about it as it's not us liable for the millions we owe or need to come up with to keep us going? Thank crap for that. For a second there I was concerned about my season ticket renewal price.It was implied at the AGM that the prices will rise and the Senior Citizen prices may go up by the highest amount as some wealthy Season Ticket Hoders/Shareholders said they are not paying enough. So a few wealthy individuals think the long standing supporters should shoulder the cost.
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Post by toddy1953 on Mar 14, 2018 19:35:48 GMT
I see. Sort of. So, none of us who pay to go through the gate every other week need worry about it as it's not us liable for the millions we owe or need to come up with to keep us going? Thank crap for that. For a second there I was concerned about my season ticket renewal price.It was implied at the AGM that the prices will rise and the Senior Citizen prices may go up by the highest amount as some wealthy Season Ticket Hoders/Shareholders said they are not paying enough. So a few wealthy individuals think the long standing supporters should shoulder the cost. I have heard the same not at the AGM but on a casual basis. This type of comment always amazes me, if some seniors are wealthy enough to feel they can pay more, then why don't they donate the difference to the club or buy a full priced ST. Would the club be allowed to raise the price for seniors more than others?
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Post by Topper Gas on Mar 14, 2018 19:41:13 GMT
I think you need to understand it more than me, the only cap on the playing budget is how much the owners want to spend each season. If it was my £250K I'd be spending at Horfield rather than in central London, I wonder how many other lower league clubs based outside the capital have offices in London. Nope. Read up on FFP ( its actually called something else, 'football league cost protocol' or something). People really need to understand this, so that this whole bollox thread can be put to bed: You can only spend 60% of your income on the playing budget. Management costs (Darryl etc), under 21 players etc are excluded. So its all about income generated. We generate income from 9000 crowds and bugger all else, due to the Mem. So for example lets say 9000 x £20 = £180k Plus say 500 meals x £40 = 20k. So for arguments sake, lets say we generate £200k per match. x 23 = £4.6 m per season x 60 % = £2.7m playing budget. Now lets say another club on gates of 6000. 6000 x £20 = £120k per match. But lets say they also generate 2000 x £40 hospitality =80k per match. Total income 200k per match So both clubs generate the same income and hence have the same salary cap, although we had 9000 crowds and the other club 6000. Crowds are only one part of it. This is very basic, and much more is included in income generation, but its why the club need a new stadium/expanded Mem and its also why they have a new Commercial Director and also a Business Development bloke in London, as the only way to become self sustaining long term is through income generation. The only way to get to that point is to invest (spend) on the infrastructure and set up that will allow it to happen. Which will incur losses short term (which is now). Either that, or just spend what we earn, and nothing more and get relegated and become part time. Once everyone grasps this fundamental point they realise what the owners are doing by 'evolution' Bye bye Here's the link to the FA rules we play under the Salary Cost Management Protocol (SCMP) of the FFPR in Div 1, suggest you read the rules yourself as you've clearly overlooked para's 2.6 cash injections & 2.7 equity injections there's no real salary cap just a cap on how much a club owners are prepared to spend. Regardless there's no disputing we need a new stadium but we seem as far away from that as we've ever been, the UWE is dead, the Mem regen now sounding unlikely and no obvious development land elsewhere we can buy cheaply even if there was somebody has to fund buying the land then building the stadium. www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/
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Post by Deleted on Mar 14, 2018 19:56:01 GMT
I keep saying this.......The Bristol Arena at Filton is going to be paid for by a Malaysian company (they also own Wessex Water). The council will fund the traffic infrastructure to support it. There will be a gurt big car park as the Arena is expected to hold 16,000(?). So, the car park is sorted and paid for. The traffic infrastructure is sorted and paid for, just build a Stadium on the other side of the car park. Without additional costs for car park and traffic infrastructure costs should be vastly reduced! Is it an opportunity? Ain't got a clue who is going to pay for it though :-)
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