Stadium redevelopment

I suspect that in ten years time many will be looking back and feeling ashamed at their lack of belief . The club will be a different place to what it was five years ago.

The owners after all could have EASILY come into the club and stated that BRFC was on the verge of admin that they have stabilised the club. That due to the Sainsburys
deal falling through and the court case losses that the money was not there to build a new stadium.
That they would try to balance the books and keep BRFC in business and that hopefully they would be able at some point to improve the Memorial stadium.

That would have been easy.
They could have lumped all the blame on the previous boards done a huge cost cutting exercise (to save the club) by getting rid of all youth teams ,reduced the squad by half and relied on loan players.Begged the fans for volunteer labour to keep the club going. Then limped on for years and years.

Bristol council do not own the colston hall anymore its owned by seperate company

Supported by your zimmer frame  

People keep bringing the feasibility study up, saying it said all was good etc etc.

Wael told us the UWE kept revisiting the "very important commercial issues".

Surely if terms were renogotiated AFTER the feasibility study was done, the results of the study are rendered invalid.

We are getting a new stadium so we can carry on dreaming so please keep your negativity to yourself.

UTG.

That's the key point, I think.

There's no way the owners would have paid for a feasibility study if based purely on a rose-tinted view of the club maximising its revenue in every area possible.  It's easy to see how that would have been approved, but it would have been pointless and a waste of money, since it would not have reflected the actual "agreement" that UWE and the club had at that time.

So the feasibility report must surely have been based on what had been agreed at the time it was commissioned. And those negotiations would have reached the stage where it was looking financially viable.

There must have been a deal on the table acceptable to both sides at some point, otherwise there would never have been a feasibility study.

Then something happened to make the feasible become non-feasible.

I prefer not to think Wael is lying, so therefore UWE must have come back with some new less generous proposals at a very late stage.

From UWE's point of view, they were just continuing to negotiate the best deal for themselves.

From Wael's point of view, the club had just spent a large sum of money on employing accountants/auditors/business consultants to evaluate the deal on the table, and then the deal was swiped away by their would-be partner.

So what do the club do?  Carry on negotiating and having another feasibility study, at great cost to the club?

I'm assuming that the owners then went back to UWE to say this was not acceptable behaviour, and they need to set out their final position.  Hence the deadline that Wael referred to in the past.

UWE tried continue negotiations and to call our bluff, since they knew, or thought they knew, how much we wanted the stadium, but the Al-Qadis weren't having any of it.

So they pulled the plug on the whole thing, rather than wasting hundreds of thousands of pounds on trying to finalise a deal which would never have been agreed unless it was to UWE's liking.

That's my view.

I'm exhausted now.

Well quite. I think there is generally a lack of understanding of what a feasibility study even is on this forum.

Goodness this place is ceaselessly repetitious.

You can say that again.

My take on u w e is they could screw higgs and co for what they wanted out of ro ers but along came the family who are well used to amateurs and they seen right through the university and could see they were trying to get more from us as the family had much more financial clot that's when al wael pulled the plug on the stadium