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Post by philbemmygas on Mar 15, 2018 12:27:32 GMT
I am none the wiser than most on this forum; I always liked Nick Higgs as a bloke as he seemed a genuine Gashead. It became increasingly apparent towards the end of his tenure that we were on dodgy ground and finacially exposed; wonga loan etc..
Wael and family almost came riding over the hill on a herd of white chargers; two years down the line and we have seen some progress. This is alas painfully slow (too slow for some) and has allowed another lynch mob to attempt to unsettle the fan base.
Personally I see no reason to panic; we are moving in the right direction playing wise in my opinion. I am aware that people are shakey around the financial structuring; but it is not anything I can alter without winning a massive rollover in the Euro millions so I am not going to have a coronary about it.
Lets get down to Plymouth on Saturday turn the "janners" over and take stock on our league position; thats what concerns me (or not) on a daily basis.
UTG
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Post by knowall on Mar 15, 2018 12:55:10 GMT
I am none the wiser than most on this forum; I always liked Nick Higgs as a bloke as he seemed a genuine Gashead. It became increasingly apparent towards the end of his tenure that we were on dodgy ground and finacially exposed; wonga loan etc.. Wael and family almost came riding over the hill on a herd of white chargers; two years down the line and we have seen some progress. This is alas painfully slow (too slow for some) and has allowed another lynch mob to attempt to unsettle the fan base. Personally I see no reason to panic; we are moving in the right direction playing wise in my opinion. I am aware that people are shakey around the financial structuring; but it is not anything I can alter without winning a massive rollover in the Euro millions so I am not going to have a coronary about it. Lets get down to Plymouth on Saturday turn the "janners" over and take stock on our league position; thats what concerns me (or not) on a daily basis. UTG wise words Sir
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Post by baggins on Mar 15, 2018 12:55:29 GMT
I am none the wiser than most on this forum; I always liked Nick Higgs as a bloke as he seemed a genuine Gashead. It became increasingly apparent towards the end of his tenure that we were on dodgy ground and finacially exposed; wonga loan etc.. Wael and family almost came riding over the hill on a herd of white chargers; two years down the line and we have seen some progress. This is alas painfully slow (too slow for some) and has allowed another lynch mob to attempt to unsettle the fan base. Personally I see no reason to panic; we are moving in the right direction playing wise in my opinion. I am aware that people are shakey around the financial structuring; but it is not anything I can alter without winning a massive rollover in the Euro millions so I am not going to have a coronary about it. Lets get down to Plymouth on Saturday turn the "janners" over and take stock on our league position; thats what concerns me (or not) on a daily basis. UTG Stop being so rational.
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Post by oldgas on Mar 15, 2018 18:40:46 GMT
I am none the wiser than most on this forum; I always liked Nick Higgs as a bloke as he seemed a genuine Gashead. It became increasingly apparent towards the end of his tenure that we were on dodgy ground and finacially exposed; wonga loan etc.. Wael and family almost came riding over the hill on a herd of white chargers; two years down the line and we have seen some progress. This is alas painfully slow (too slow for some) and has allowed another lynch mob to attempt to unsettle the fan base. Personally I see no reason to panic; we are moving in the right direction playing wise in my opinion. I am aware that people are shakey around the financial structuring; but it is not anything I can alter without winning a massive rollover in the Euro millions so I am not going to have a coronary about it. Lets get down to Plymouth on Saturday turn the "janners" over and take stock on our league position; thats what concerns me (or not) on a daily basis. UTG Whilst I agree with what you say; its hardly a lynch mob, is it? A few dozen people on a forum is hardly going to sway the owners one way or the other. I participate on this forum because I like to see what others think, and to express my opinion. I have also come to like a number of the persona who make up this little community of ours. I would also like to witness Bolders at work, but that's probably something for an explicit adult only forum. You know, the Dark Web, that kind of place! I still think the owners/manager/players probably have a read of the forum for a laugh. At the end of the day it's all harmless fun, and we shouldn't take ourselves too seriously.
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Post by Kingswood Polak on Mar 15, 2018 19:42:36 GMT
Respect the supporters after all without them we got nothing. I respect all Gas fans mate. Doesn't stop them talking out of their arse though. You, of course, talk perfect sense and have run several clubs, right .
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Post by Deleted on Mar 15, 2018 19:46:08 GMT
I am none the wiser than most on this forum; I always liked Nick Higgs as a bloke as he seemed a genuine Gashead. It became increasingly apparent towards the end of his tenure that we were on dodgy ground and finacially exposed; wonga loan etc.. Wael and family almost came riding over the hill on a herd of white chargers; two years down the line and we have seen some progress. This is alas painfully slow (too slow for some) and has allowed another lynch mob to attempt to unsettle the fan base. Personally I see no reason to panic; we are moving in the right direction playing wise in my opinion. I am aware that people are shakey around the financial structuring; but it is not anything I can alter without winning a massive rollover in the Euro millions so I am not going to have a coronary about it. Lets get down to Plymouth on Saturday turn the "janners" over and take stock on our league position; thats what concerns me (or not) on a daily basis. UTG Whilst I agree with what you say; its hardly a lynch mob, is it? A few dozen people on a forum is hardly going to sway the owners one way or the other. I participate on this forum because I like to see what others think, and to express my opinion. I have also come to like a number of the persona who make up this little community of ours. I would also like to witness Bolders at work, but that's probably something for an explicit adult only forum. You know, the Dark Web, that kind of place! I still think the owners/manager/players probably have a read of the forum for a laugh. At the end of the day it's all harmless fun, and we shouldn't take ourselves too seriously. Never underestimate the influence of a football forum. It has in the past led to Resignations, hastily released statements and paranoia resulting in forums being closed and threats of legal action being made. The directors/owners are viewing constantly, now and in the past.
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Post by Hugo the Elder on Mar 15, 2018 20:17:08 GMT
I respect all Gas fans mate. Doesn't stop them talking out of their arse though. You, of course, talk perfect sense and have run several clubs, right . Ah, the old "not allowed an opinion unless you've done it yourself" put down eh? May as well close the forum then since I'm pretty sure no one on here has even played league football, let alone run a club.
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Post by singupgas on Mar 15, 2018 20:28:10 GMT
You, of course, talk perfect sense and have run several clubs, right . Ah, the old "not allowed an opinion unless you've done it yourself" put down eh? May as well close the forum then since I'm pretty sure no one on here has even played league football, let alone run a club. To be fair to KP here, contradictions first post on this subject was immediately shutting down people, who at this time are concerned and only want the best for brfc. - Page 3, last post.
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Post by Hugo the Elder on Mar 15, 2018 20:37:01 GMT
Ah, the old "not allowed an opinion unless you've done it yourself" put down eh? May as well close the forum then since I'm pretty sure no one on here has even played league football, let alone run a club. To be fair to KP here, contradictions first post on this subject was immediately shutting down people, who at this time are concerned and only want the best for brfc. - Page 3, last post. Aye, that may well be right but I'm sure there could have been a better counter argument to his posting than this. I wasn't modding btw, just making an observation. This thread has been discussed and debated pretty well so far as it goes. It's nice to see.
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Post by Kingswood Polak on Mar 22, 2018 12:38:00 GMT
You, of course, talk perfect sense and have run several clubs, right . Ah, the old "not allowed an opinion unless you've done it yourself" put down eh? May as well close the forum then since I'm pretty sure no one on here has even played league football, let alone run a club. Not so much that but the repeating of it @hugotheelder. I’m not putting anyone down per se but it would be good if maybe they could explain their level of expertise.
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Post by knowall on Mar 22, 2018 16:34:55 GMT
Indeed. In a previous AGM, Higgsy admitted they couldn't even afford a Chief Exec until we got a new stadium. It was why Boycey did all the marketing in his lunch hour, Higgsy did the player negotiations, the supporters club helped out, etc etc. It was a corner shop. Christ, they even sought a director to have IT experience. They did their best, but it was pitiful come the end and by the grace of god (and darrell) we got out of the Conference. We are now a professional club with professional people. Its a massive sea change and that takes investment (and initial losses), we have a medical & fitness infrastructure, under 23 development squad beginning to bear fruit, hugely expanded academy, marketing department and now even have a business development office in London. Lets hope that bears fruit too, because hopefully when we get a stadium to capture all the benefits of this work we really are ready to go places. I spot no asset stripping. In fact, the opposite. But hey, Gasinsider thinks we are on the road to oblivion - probably because of no more titbits from the corner shop. Pretty sure what I prefer. 2 ways of looking at it though. We were run that way because we were losing money and we didn’t want to increase the debt we already had. Now the ALQs have come in and put all those things in place and increased our debt further in 2 years the previous board had done in 5. Now that debt has to be guaranteed or loaned to the club. So as long as that continues all well and good. But what gasinsider is concerned about is what if the debt outstrips the assets owned and the current board decide to no longer finance or underwrite the club? With no solid foundations for the future yet to be released, or by the sound of it even planned together with a training ground not even in the name of the club and currently a piece of waste ground, there are genuine concerns. All we have is the word that Wael is in it for the long term, but there isn’t any long term plans...so what does he exactly mean? Ok bumbling along under the last board was a painful process but our debt was certainly lower. I’m not entirely sure if the threat of immediate administration was there. That was something that rattled around over years which started black and gold campaigns etc. And that self prophecy turned into a complete nonsense. Currently, we are kind of better off than we were, but kind of not due to the heavy price of debt we are taking on. Geoff Dunford did appoint a CEO - and then sacked him when he was told by the CEO how the Club should be run, and Nick Higgs would not have anyone tell him how the Club should be run (even by his co-directors) That could be a clue as to why BRFC1883 almost fell into administration or oblivion. The current owners take the advice of professionals and so the new CEO like the new Financial Director will be listened to and the cost should bring the results we all crave - success off the field as well as on the field. Exactly the same as the reason we are having success on the field is that we listen to the Manager. Makes sense to me
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Post by Severncider on Mar 22, 2018 19:34:35 GMT
2 ways of looking at it though. We were run that way because we were losing money and we didn’t want to increase the debt we already had. Now the ALQs have come in and put all those things in place and increased our debt further in 2 years the previous board had done in 5. Now that debt has to be guaranteed or loaned to the club. So as long as that continues all well and good. But what gasinsider is concerned about is what if the debt outstrips the assets owned and the current board decide to no longer finance or underwrite the club? With no solid foundations for the future yet to be released, or by the sound of it even planned together with a training ground not even in the name of the club and currently a piece of waste ground, there are genuine concerns. All we have is the word that Wael is in it for the long term, but there isn’t any long term plans...so what does he exactly mean? Ok bumbling along under the last board was a painful process but our debt was certainly lower. I’m not entirely sure if the threat of immediate administration was there. That was something that rattled around over years which started black and gold campaigns etc. And that self prophecy turned into a complete nonsense. Currently, we are kind of better off than we were, but kind of not due to the heavy price of debt we are taking on. Geoff Dunford did appoint a CEO - and then sacked him when he was told by the CEO how the Club should be run, and Nick Higgs would not have anyone tell him how the Club should be run (even by his co-directors) That could be a clue as to why BRFC1883 almost fell into administration or oblivion. The current owners take the advice of professionals and so the new CEO like the new Financial Director will be listened to and the cost should bring the results we all crave - success off the field as well as on the field. Exactly the same as the reason we are having success on the field is that we listen to the Manager. Makes sense to me That is not the whole story, perhaps you could expand on your comment.
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Post by countygroundhotel on Mar 22, 2018 20:27:06 GMT
Geoff Dunford did appoint a CEO - and then sacked him when he was told by the CEO how the Club should be run, and Nick Higgs would not have anyone tell him how the Club should be run (even by his co-directors) That could be a clue as to why BRFC1883 almost fell into administration or oblivion. The current owners take the advice of professionals and so the new CEO like the new Financial Director will be listened to and the cost should bring the results we all crave - success off the field as well as on the field. Exactly the same as the reason we are having success on the field is that we listen to the Manager. Makes sense to me That is not the whole story, perhaps you could expand on your comment. Presume this is about Bill Smith who appeared for a while from Oxford if my memory is correct? Again if my memory is correct I thought he resigned. My memory also says he did nothing memorial in his time here
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Post by Deleted on Mar 23, 2018 0:39:17 GMT
2 ways of looking at it though. We were run that way because we were losing money and we didn’t want to increase the debt we already had. Now the ALQs have come in and put all those things in place and increased our debt further in 2 years the previous board had done in 5. Now that debt has to be guaranteed or loaned to the club. So as long as that continues all well and good. But what gasinsider is concerned about is what if the debt outstrips the assets owned and the current board decide to no longer finance or underwrite the club? With no solid foundations for the future yet to be released, or by the sound of it even planned together with a training ground not even in the name of the club and currently a piece of waste ground, there are genuine concerns. All we have is the word that Wael is in it for the long term, but there isn’t any long term plans...so what does he exactly mean? Ok bumbling along under the last board was a painful process but our debt was certainly lower. I’m not entirely sure if the threat of immediate administration was there. That was something that rattled around over years which started black and gold campaigns etc. And that self prophecy turned into a complete nonsense. Currently, we are kind of better off than we were, but kind of not due to the heavy price of debt we are taking on. Geoff Dunford did appoint a CEO - and then sacked him when he was told by the CEO how the Club should be run, and Nick Higgs would not have anyone tell him how the Club should be run (even by his co-directors) That could be a clue as to why BRFC1883 almost fell into administration or oblivion. The current owners take the advice of professionals and so the new CEO like the new Financial Director will be listened to and the cost should bring the results we all crave - success off the field as well as on the field. Exactly the same as the reason we are having success on the field is that we listen to the Manager. Makes sense to me GD also refused to listen to the Managing Director that he also appointed in fact he also refused to talk to him but it’s all history now.
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Post by peterparker on Mar 23, 2018 8:20:14 GMT
accounts now available on companies house
Quick notes. Credit facility increased to £15m (8.6m drawn down) investment property valued at £11.1m (assume this is solely the Mem)
Turnover £6.25m (up from £4.75m)
Players and staff costs £5.05m (up from £3.6m)
Admin costs £1.2m (up from £385k)
and we seem to have a Bank overdraft again
There are a few other things, but that gets into (even more) boring detail
argue away peeps
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Post by Topper Gas on Mar 23, 2018 8:42:47 GMT
Surprised at the increase in staff costs, I wonder hwo that compares to the likes of P'boro & Scunthorpe etc?
The accounts show as of June 2017 BRFC1883 owed around £8.5m to Dwane Sports in the form of the charge against the Mem which was valued at £11.1m, given we're losing around £2m p.a we're must now be getting v.close to our debts exceeding our assets.
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Post by Henbury Gas on Mar 23, 2018 8:45:23 GMT
Surprised at the increase in staff costs, I wonder hwo that compares to the likes of P'boro & Scunthorpe etc? The accounts show as of June 2017 BRFC1883 owed around £8.5m to Dwane Sports in the form of the charge against the Mem which was valued at £11.1m, given we're losing around £2m p.a we're must now be getting v.close to our debts exceeding our assets. Tom Nichols will be worth £5m next year that should cover it
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Post by peterparker on Mar 23, 2018 9:30:09 GMT
Surprised at the increase in staff costs, I wonder hwo that compares to the likes of P'boro & Scunthorpe etc? The accounts show as of June 2017 BRFC1883 owed around £8.5m to Dwane Sports in the form of the charge against the Mem which was valued at £11.1m, given we're losing around £2m p.a we're must now be getting v.close to our debts exceeding our assets. yes, but you will see Dwane Sports increased the credit facility to £15m in the notes.
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Post by stuart1974 on Mar 23, 2018 9:32:10 GMT
Surprised at the increase in staff costs, I wonder hwo that compares to the likes of P'boro & Scunthorpe etc? The accounts show as of June 2017 BRFC1883 owed around £8.5m to Dwane Sports in the form of the charge against the Mem which was valued at £11.1m, given we're losing around £2m p.a we're must now be getting v.close to our debts exceeding our assets. yes, but you will see Dwane Sports increased the credit facility to £15m in the notes. More importantly, are there any typing errors?
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Post by Topper Gas on Mar 23, 2018 13:56:10 GMT
Surprised at the increase in staff costs, I wonder hwo that compares to the likes of P'boro & Scunthorpe etc? The accounts show as of June 2017 BRFC1883 owed around £8.5m to Dwane Sports in the form of the charge against the Mem which was valued at £11.1m, given we're losing around £2m p.a we're must now be getting v.close to our debts exceeding our assets. yes, but you will see Dwane Sports increased the credit facility to £15m in the notes. Not sure what that's got to do with our debts exceeding our assets. although it does at least mean we're now safe until at least June 2018!
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