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Post by baggins on Mar 15, 2019 13:17:52 GMT
Again? What on earth are they doing with my money? Subsidising the price of Sausage Rolls  I don't eat them, does my ticket price go down?
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Post by lpgas on Mar 15, 2019 13:20:30 GMT
Subsidising the price of Sausage Rolls I don't eat them, does my ticket price go down? You money goes towards paying about half the salaries and perhaps some insurance. The £1.75 million the Al Qadis put in cover the rest.
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Post by lpgas on Mar 15, 2019 13:21:19 GMT
I remember one of Waels first interviews. This , pretty much to the word. “ My family think I’m mad , but I love football and I can see what a great club this is and I’m ambitious and want to build this club from the ground up , evolution not revolution , they think I’m mad but I talked them in to it and slowly they are becoming more interested “ It would seem the obstacles that the family have faced along the way have left Wael fighting a corner on his own with the majority of our supporters in one of the other corners and his family in another corner . That leaves one more corner. If he can find an investor to support him in his vision , and yes I do believe he has one , then maybe he can achieve what his aim was when his family bought the club 3 years ago. I don’t hold my breathe though. if he’s still looking after 3 years then it’s time for him to move on it’s not happening To be replaced by...……………..?
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Post by baggins on Mar 15, 2019 13:21:27 GMT
I don't eat them, does my ticket price go down? You money goes towards paying about half the salaries and perhaps some insurance. The £1.75 million the Al Qadis put in cover the rest. Phew.
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Post by baggins on Mar 15, 2019 13:22:07 GMT
if he’s still looking after 3 years then it’s time for him to move on it’s not happening To be replaced by...……………..? Shhh, secret.
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Post by wertongas on Mar 15, 2019 13:39:18 GMT
This is the most honest interview yet by Wael but still things don't stack up. 1) Wael says that the club don't need money and then says they are looking for investors. 2) Wael says the money is available for the training ground development, yet sometime back Hamer said that the owners didn't realise how expensive the training ground would be to develop and that the owners had only budgeted to a third of the cost. So who is correct. 3) When I went to my daughters graduation at Bristol Cathedral a few years back the Chancellor was very enthusiastic about working with the club on the new stadium. After the feesbility study everything went quiet and eventually the club pulled out not UWE, why would UWE want to pull out and use the land for something else after having spent so much time negotiating with the club. AQ's have done a great job in keeping the club going, but Wael and the club need to Stop contradicting themselves,and get some lessons in PR. It clear that at the moment we are as far away as ever from a new stadium, no site, no planning no money. The owners set aside 15million to invest in the club, let's hope we don't exceed that in losses and they keep on supporting us. Bugger, I'm going to start coming across as a huge Wael fan at this rate: 1. He never said they're looking for investors. He said they're open to speak with investors who can speed up the project of getting BRFC a stadium Otherwise, they will do it themselves. 2. Both, wasn't the training facilities cut back? So perhaps the money is available for the scaled back version? 3. I don't know, I'd be curious to know why they did - but I don't really think it fits into not stacking up. If he said he is open to speak to investors that still means AQ' s are happy to except money from elsewhere, when they first took over the club I was told they didn't need or want money from elsewhere , secondly they scaled back plans for the training ground due to cost. . But like you said Wael didn't say they were looking for investors but I suspect they do need outside investment to move forward with the stadium, if you look at the Jordainian bank accounts you will see the family bring around 14-16 million a year from their share divies, they are rich but not super rich.
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Post by lpgas on Mar 15, 2019 13:47:10 GMT
Sorry I’m not allowing a Banned word speak to me like this and this is why I struggle with this forum. I have respect for the likes of MehewMagic and like reading his posts, he said earlier he see’s why the forum gets a bad name, people like you pal. I can take banter, some disagreeing with an opinion but I can’t accept person saying I’m acting a charade, I’m lier and I know nothing. Whilst saying all this behind a user name, that’s too easy. So we have a moderator on this forum, Gashead81. He will vouch I have been in Wael Al Qadi’s box this season with my guest from one of the biggest global on line business in the world, did I not introduce you to him Steve? This guy says I’m not friends with Wael, I would say any man who rings or texts every day 2 weeks ago whilst I was in hospital is a good man and friend to see how I was. I’m not saying Wael and the board are perfect, better due dillegence on the UWE, yes. Better PR, yes but give the man the benefit of the doubt and let’s see what happens in the next 6 months. I speak from the angle of meeting the man and he is a big fan now. I have invited Steve Gashead81 on my table for the 1883 awards night on the 10th April, if you are there Ross drop me a line and happy to meet you. Where to begin with this one. Mods such as Gashead81 should take note of that last sentence, sure that’ll violate a few t&c’s. I won’t bring it down to that level so will leave it at this a public forum, it isn’t personal to me. On platforms such as this you should know people will have other opinions, if you don’t like debate or alternative opinions a public forum isn’t the place for you. Perhaps start a blog and disable the comments. Back to the thread. In this very thread you have contradicted yourself a number of times. Claiming that ‘Wael is in it for the long term’ only to follow it up a few pages later with you expect the next 6 months to bring new investors, so which one is it? Unless you believe people would give Wael money for absolutely nothing in return. For years people have cropped up and spouted crap across the forums about stadium plans coming to fruition, American owners etc and nothing has ever come true (even the AQ takeover came out of nowhere), so forgive me if I’m sceptical when people such as yourself claim to be ‘in the know’. Maybe I come across brash but all I want is the best for the club. Ambition from the fanbase as a whole and not to accept the mediocrity that we’re constantly fed. I want us to be a fan owned self sustaining club, slowly building our infrastructure (like Exeter) OR have owners who show abit of ambition and investment. Surely that isn’t too much to ask, or too hard to understand. I’m sure Wael is a decent enough guy, again it’s nothing personal that I don’t like Dwane Sports owning our club, I don’t know him from Adam, I just don’t think he will invest any real cash to see us progress. This is backed up by his interviews and lack of progress off the field, training ground etc. Add to this the dubious hiring of Martin Starnes, saying funding for training ground isn’t an issue yet no progress being made in years, Starnes doing an interview saying Wael would refuse crowdfunding or outside investment.. etc, can you see why I’m sceptical? Progress has been made since they bought our club, commercially and especially in our community work - which is ace - as are the small stadium improvements and purchase of land for a training ground (appears dead in the water), but as stated by someone else in this thread the state things were left in by Higgs and Co realistically anything would’ve been an improvement (new hairdryers and all), we were / still are stuck in the 80’s as a club infrastructure wise. Some fans appear to be stuck in that old school mentality as well, and we will be left behind. Also as pointed out by someone a few pages back, in this interview Wael has now ruled out the redevelopment of the Mem, contradicting a previous interview he gave Twentyman. Another concern for the average fan like myself, who has no ‘insider knowledge’ and doesn’t attend matches in box 1. It’s no wonder so many in my position have packed it in all together, when just being sceptical or concerned with what is happening right before our eyes to the club is met with such outbursts and contempt. Perhaps I should take you up on the offer after all and you can give me some of the Kool-Aid. As an outsider to this conversation. Firstly new investors do not mean new owners, or even if it did it might mean that Wael and some of his family stay on the board. I hope they do. Secondly, you want Bristol Rovers to be self sufficient like Exeter. Not me. I don't want to be stuck at the Mem and probably in league 2 . We are a much bigger club than Exeter. Brentford were a fan trust owned when they were in division 2. they sold the club and have enjoyed the last few years in the Championship. Fan owned means small and given that no one on here can agree about anything it wouldn't bode well. If you think that tickets pay for much, then you are wrong. Rovers have never broken even on ticket sales alone, and I include food and drink with that. As for the Al Qadi investment, well losses of £1.75 million. the difference to the club? 27 first team squad. Development squad. U 21 squad. Coaches how many do we have? and this is not counting the bars or the shop. If this investment isn't to make us progress I don't know what is. The reality is no one who has been in charge of Rovers whilst at the Mem has looked at developing the Mem, and it wont be. Higgs did nothing except waste a lot of money on plans for the UWE and Sainsburys, but wait, I forgot we went out of the league when he was in charge. this time when Clarke had put us in to the relegation zone he gave the club money for 2 new recruits both of which are more or less responsible for giving us the last 12 points (I think that is investment don't you?). the Mem is the first ground we have owned since the 1940's. It took us over 50 years to get it. We will have a new ground but you just have to wait a little bit longer. Staying at the MEM will never give us the income to compete at the top of league one, let alone the Championship and that's where I want to see us, andI know Wael would like to see us there too.
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Post by wertongas on Mar 15, 2019 13:53:17 GMT
Just to add one bit of good news is that the a proffeser in football finance said the owners had set aside 15 million to cover running of the club and revenue wise we are in a lot better situation than alot of other league one clubs. this was reported sometime ago.
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Post by baggins on Mar 15, 2019 13:57:01 GMT
Where to begin with this one. Mods such as Gashead81 should take note of that last sentence, sure that’ll violate a few t&c’s. I won’t bring it down to that level so will leave it at this a public forum, it isn’t personal to me. On platforms such as this you should know people will have other opinions, if you don’t like debate or alternative opinions a public forum isn’t the place for you. Perhaps start a blog and disable the comments. Back to the thread. In this very thread you have contradicted yourself a number of times. Claiming that ‘Wael is in it for the long term’ only to follow it up a few pages later with you expect the next 6 months to bring new investors, so which one is it? Unless you believe people would give Wael money for absolutely nothing in return. For years people have cropped up and spouted crap across the forums about stadium plans coming to fruition, American owners etc and nothing has ever come true (even the AQ takeover came out of nowhere), so forgive me if I’m sceptical when people such as yourself claim to be ‘in the know’. Maybe I come across brash but all I want is the best for the club. Ambition from the fanbase as a whole and not to accept the mediocrity that we’re constantly fed. I want us to be a fan owned self sustaining club, slowly building our infrastructure (like Exeter) OR have owners who show abit of ambition and investment. Surely that isn’t too much to ask, or too hard to understand. I’m sure Wael is a decent enough guy, again it’s nothing personal that I don’t like Dwane Sports owning our club, I don’t know him from Adam, I just don’t think he will invest any real cash to see us progress. This is backed up by his interviews and lack of progress off the field, training ground etc. Add to this the dubious hiring of Martin Starnes, saying funding for training ground isn’t an issue yet no progress being made in years, Starnes doing an interview saying Wael would refuse crowdfunding or outside investment.. etc, can you see why I’m sceptical? Progress has been made since they bought our club, commercially and especially in our community work - which is ace - as are the small stadium improvements and purchase of land for a training ground (appears dead in the water), but as stated by someone else in this thread the state things were left in by Higgs and Co realistically anything would’ve been an improvement (new hairdryers and all), we were / still are stuck in the 80’s as a club infrastructure wise. Some fans appear to be stuck in that old school mentality as well, and we will be left behind. Also as pointed out by someone a few pages back, in this interview Wael has now ruled out the redevelopment of the Mem, contradicting a previous interview he gave Twentyman. Another concern for the average fan like myself, who has no ‘insider knowledge’ and doesn’t attend matches in box 1. It’s no wonder so many in my position have packed it in all together, when just being sceptical or concerned with what is happening right before our eyes to the club is met with such outbursts and contempt. Perhaps I should take you up on the offer after all and you can give me some of the Kool-Aid. As an outsider to this conversation. Firstly new investors do not mean new owners, or even if it did it might mean that Wael and some of his family stay on the board. I hope they do. Secondly, you want Bristol Rovers to be self sufficient like Exeter. Not me. I don't want to be stuck at the Mem and probably in league 2 . We are a much bigger club than Exeter. Brentford were a fan trust owned when they were in division 2. they sold the club and have enjoyed the last few years in the Championship. Fan owned means small and given that no one on here can agree about anything it wouldn't bode well. If you think that tickets pay for much, then you are wrong. Rovers have never broken even on ticket sales alone, and I include food and drink with that. As for the Al Qadi investment, well losses of £1.75 million. the difference to the club? 27 first team squad. Development squad. U 21 squad. Coaches how many do we have? and this is not counting the bars or the shop. If this investment isn't to make us progress I don't know what is. The reality is no one who has been in charge of Rovers whilst at the Mem has looked at developing the Mem, and it wont be. Higgs did nothing except waste a lot of money on plans for the UWE and Sainsburys, but wait, I forgot we went out of the league when he was in charge. this time when Clarke had put us in to the relegation zone he gave the club money for 2 new recruits both of which are more or less responsible for giving us the last 12 points (I think that is investment don't you?). the Mem is the first ground we have owned since the 1940's. It took us over 50 years to get it. We will have a new ground but you just have to wait a little bit longer. Staying at the MEM will never give us the income to compete at the top of league one, let alone the Championship and that's where I want to see us, andI know Wael would like to see us there too. A few breaks, paragraphs wouldn't go amiss.
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Post by Deleted on Mar 15, 2019 14:13:08 GMT
Just to add one bit of good news is that the a proffeser in football finance said the owners had set aside 15 million to cover running of the club and revenue wise we are in a lot better situation than alot of other league one clubs. this was reported sometime ago. Sounds like a Nutty Professor
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Post by wertongas on Mar 15, 2019 14:21:06 GMT
Just to add one bit of good news is that the a proffeser in football finance said the owners had set aside 15 million to cover running of the club and revenue wise we are in a lot better situation than alot of other league one clubs. this was reported sometime ago. Sounds like a Nutty Professor All professors are nutty.
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Post by yattongas on Mar 15, 2019 14:58:44 GMT
My take. Sounds like good news is coming inside the next 12 months re the ground . I did hear a rumour land by the fruit market was being considered.... but that could be rubbish! As for owners and outside investment possibly available, surely anyone would consider that? Why would you turn it down flatly? It doesn’t mean you’re desperate to sell up but if it would help the club move forward you’d hear them out. As a Gashead , if I was the owner and had £100m in bank but a multi billionaire said he’d invest I’d take him up on it ( after due diligence). Anyway.... my glass is over half full.
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Post by swissgas on Mar 15, 2019 15:08:37 GMT
Bugger, I'm going to start coming across as a huge Wael fan at this rate: 1. He never said they're looking for investors. He said they're open to speak with investors who can speed up the project of getting BRFC a stadium Otherwise, they will do it themselves. 2. Both, wasn't the training facilities cut back? So perhaps the money is available for the scaled back version? 3. I don't know, I'd be curious to know why they did - but I don't really think it fits into not stacking up. If he said he is open to speak to investors that still means AQ' s are happy to except money from elsewhere, when they first took over the club I was told they didn't need or want money from elsewhere , secondly they scaled back plans for the training ground due to cost. . But like you said Wael didn't say they were looking for investors but I suspect they do need outside investment to move forward with the stadium, if you look at the Jordainian bank accounts you will see the family bring around 14-16 million a year from their share divies, they are rich but not super rich. Just to clarify this. The total annual dividend paid out by the Arab Jordan Investment Bank is about £16 million The share of annual dividend paid to the combined Al-Qadi family is about £5 million Which, at a guess, may be close to the combined annual income of Nick Higgs, Barry Bradshaw, Ed Ware and Chris Jelf.
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Post by markczgas on Mar 15, 2019 15:19:28 GMT
If he said he is open to speak to investors that still means AQ' s are happy to except money from elsewhere, when they first took over the club I was told they didn't need or want money from elsewhere , secondly they scaled back plans for the training ground due to cost. . But like you said Wael didn't say they were looking for investors but I suspect they do need outside investment to move forward with the stadium, if you look at the Jordainian bank accounts you will see the family bring around 14-16 million a year from their share divies, they are rich but not super rich. Just to clarify this. The total annual dividend paid out by the Arab Jordan Investment Bank is about £16 million The share of annual dividend paid to the combined Al-Qadi family is about £5 million Which, at a guess, may be close to the combined annual income of Nick Higgs, Barry Bradshaw, Ed Ware and Chris Jelf. Aren't dividends and annual incomes slightly different things ?
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Post by Gassy on Mar 15, 2019 15:25:39 GMT
If he said he is open to speak to investors that still means AQ' s are happy to except money from elsewhere, when they first took over the club I was told they didn't need or want money from elsewhere , secondly they scaled back plans for the training ground due to cost. . But like you said Wael didn't say they were looking for investors but I suspect they do need outside investment to move forward with the stadium, if you look at the Jordainian bank accounts you will see the family bring around 14-16 million a year from their share divies, they are rich but not super rich. Just to clarify this. The total annual dividend paid out by the Arab Jordan Investment Bank is about £16 million The share of annual dividend paid to the combined Al-Qadi family is about £5 million Which, at a guess, may be close to the combined annual income of Nick Higgs, Barry Bradshaw, Ed Ware and Chris Jelf. Trust the Swiss to come out when it comes to dividends & tax! 😂
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Post by Topper Gas on Mar 15, 2019 15:30:28 GMT
Where to begin with this one. Mods such as Gashead81 should take note of that last sentence, sure that’ll violate a few t&c’s. I won’t bring it down to that level so will leave it at this a public forum, it isn’t personal to me. On platforms such as this you should know people will have other opinions, if you don’t like debate or alternative opinions a public forum isn’t the place for you. Perhaps start a blog and disable the comments. Back to the thread. In this very thread you have contradicted yourself a number of times. Claiming that ‘Wael is in it for the long term’ only to follow it up a few pages later with you expect the next 6 months to bring new investors, so which one is it? Unless you believe people would give Wael money for absolutely nothing in return. For years people have cropped up and spouted crap across the forums about stadium plans coming to fruition, American owners etc and nothing has ever come true (even the AQ takeover came out of nowhere), so forgive me if I’m sceptical when people such as yourself claim to be ‘in the know’. Maybe I come across brash but all I want is the best for the club. Ambition from the fanbase as a whole and not to accept the mediocrity that we’re constantly fed. I want us to be a fan owned self sustaining club, slowly building our infrastructure (like Exeter) OR have owners who show abit of ambition and investment. Surely that isn’t too much to ask, or too hard to understand. I’m sure Wael is a decent enough guy, again it’s nothing personal that I don’t like Dwane Sports owning our club, I don’t know him from Adam, I just don’t think he will invest any real cash to see us progress. This is backed up by his interviews and lack of progress off the field, training ground etc. Add to this the dubious hiring of Martin Starnes, saying funding for training ground isn’t an issue yet no progress being made in years, Starnes doing an interview saying Wael would refuse crowdfunding or outside investment.. etc, can you see why I’m sceptical? Progress has been made since they bought our club, commercially and especially in our community work - which is ace - as are the small stadium improvements and purchase of land for a training ground (appears dead in the water), but as stated by someone else in this thread the state things were left in by Higgs and Co realistically anything would’ve been an improvement (new hairdryers and all), we were / still are stuck in the 80’s as a club infrastructure wise. Some fans appear to be stuck in that old school mentality as well, and we will be left behind. Also as pointed out by someone a few pages back, in this interview Wael has now ruled out the redevelopment of the Mem, contradicting a previous interview he gave Twentyman. Another concern for the average fan like myself, who has no ‘insider knowledge’ and doesn’t attend matches in box 1. It’s no wonder so many in my position have packed it in all together, when just being sceptical or concerned with what is happening right before our eyes to the club is met with such outbursts and contempt. Perhaps I should take you up on the offer after all and you can give me some of the Kool-Aid. As an outsider to this conversation. Firstly new investors do not mean new owners, or even if it did it might mean that Wael and some of his family stay on the board. I hope they do. Secondly, you want Bristol Rovers to be self sufficient like Exeter. Not me. I don't want to be stuck at the Mem and probably in league 2 . We are a much bigger club than Exeter. Brentford were a fan trust owned when they were in division 2. they sold the club and have enjoyed the last few years in the Championship. Fan owned means small and given that no one on here can agree about anything it wouldn't bode well. If you think that tickets pay for much, then you are wrong. Rovers have never broken even on ticket sales alone, and I include food and drink with that. As for the Al Qadi investment, well losses of £1.75 million. the difference to the club? 27 first team squad. Development squad. U 21 squad. Coaches how many do we have? and this is not counting the bars or the shop. If this investment isn't to make us progress I don't know what is. The reality is no one who has been in charge of Rovers whilst at the Mem has looked at developing the Mem, and it wont be. Higgs did nothing except waste a lot of money on plans for the UWE and Sainsburys, but wait, I forgot we went out of the league when he was in charge. this time when Clarke had put us in to the relegation zone he gave the club money for 2 new recruits both of which are more or less responsible for giving us the last 12 points (I think that is investment don't you?). the Mem is the first ground we have owned since the 1940's. It took us over 50 years to get it. We will have a new ground but you just have to wait a little bit longer. Staying at the MEM will never give us the income to compete at the top of league one, let alone the Championship and that's where I want to see us, andI know Wael would like to see us there too. They couldn't have been to bad plans as the ALQ's have just spent the last 3 years discussing them with the UWE! As far as the ALQ's "investment" the sad reality is that they haven't really invested a penny they won't back when they sell the Mem to developers.
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Post by gashead1981 on Mar 15, 2019 15:38:21 GMT
Where to begin with this one. Mods such as Gashead81 should take note of that last sentence, sure that’ll violate a few t&c’s. I won’t bring it down to that level so will leave it at this a public forum, it isn’t personal to me. On platforms such as this you should know people will have other opinions, if you don’t like debate or alternative opinions a public forum isn’t the place for you. Perhaps start a blog and disable the comments. Back to the thread. In this very thread you have contradicted yourself a number of times. Claiming that ‘Wael is in it for the long term’ only to follow it up a few pages later with you expect the next 6 months to bring new investors, so which one is it? Unless you believe people would give Wael money for absolutely nothing in return. For years people have cropped up and spouted crap across the forums about stadium plans coming to fruition, American owners etc and nothing has ever come true (even the AQ takeover came out of nowhere), so forgive me if I’m sceptical when people such as yourself claim to be ‘in the know’. Maybe I come across brash but all I want is the best for the club. Ambition from the fanbase as a whole and not to accept the mediocrity that we’re constantly fed. I want us to be a fan owned self sustaining club, slowly building our infrastructure (like Exeter) OR have owners who show abit of ambition and investment. Surely that isn’t too much to ask, or too hard to understand. I’m sure Wael is a decent enough guy, again it’s nothing personal that I don’t like Dwane Sports owning our club, I don’t know him from Adam, I just don’t think he will invest any real cash to see us progress. This is backed up by his interviews and lack of progress off the field, training ground etc. Add to this the dubious hiring of Martin Starnes, saying funding for training ground isn’t an issue yet no progress being made in years, Starnes doing an interview saying Wael would refuse crowdfunding or outside investment.. etc, can you see why I’m sceptical? Progress has been made since they bought our club, commercially and especially in our community work - which is ace - as are the small stadium improvements and purchase of land for a training ground (appears dead in the water), but as stated by someone else in this thread the state things were left in by Higgs and Co realistically anything would’ve been an improvement (new hairdryers and all), we were / still are stuck in the 80’s as a club infrastructure wise. Some fans appear to be stuck in that old school mentality as well, and we will be left behind. Also as pointed out by someone a few pages back, in this interview Wael has now ruled out the redevelopment of the Mem, contradicting a previous interview he gave Twentyman. Another concern for the average fan like myself, who has no ‘insider knowledge’ and doesn’t attend matches in box 1. It’s no wonder so many in my position have packed it in all together, when just being sceptical or concerned with what is happening right before our eyes to the club is met with such outbursts and contempt. Perhaps I should take you up on the offer after all and you can give me some of the Kool-Aid. As an outsider to this conversation. Firstly new investors do not mean new owners, or even if it did it might mean that Wael and some of his family stay on the board. I hope they do. Secondly, you want Bristol Rovers to be self sufficient like Exeter. Not me. I don't want to be stuck at the Mem and probably in league 2 . We are a much bigger club than Exeter. Brentford were a fan trust owned when they were in division 2. they sold the club and have enjoyed the last few years in the Championship. Fan owned means small and given that no one on here can agree about anything it wouldn't bode well. If you think that tickets pay for much, then you are wrong. Rovers have never broken even on ticket sales alone, and I include food and drink with that. As for the Al Qadi investment, well losses of £1.75 million. the difference to the club? 27 first team squad. Development squad. U 21 squad. Coaches how many do we have? and this is not counting the bars or the shop. If this investment isn't to make us progress I don't know what is. The reality is no one who has been in charge of Rovers whilst at the Mem has looked at developing the Mem, and it wont be. Higgs did nothing except waste a lot of money on plans for the UWE and Sainsburys, but wait, I forgot we went out of the league when he was in charge. this time when Clarke had put us in to the relegation zone he gave the club money for 2 new recruits both of which are more or less responsible for giving us the last 12 points (I think that is investment don't you?). the Mem is the first ground we have owned since the 1940's. It took us over 50 years to get it. We will have a new ground but you just have to wait a little bit longer. Staying at the MEM will never give us the income to compete at the top of league one, let alone the Championship and that's where I want to see us, andI know Wael would like to see us there too. A few points from your post LPG: From the interview, it became very apparent that Wael or the ALQ's are prepared to give away some shareholding in return for investment capital to develop the stadium and training ground. That smacks of either not having the money themselves or not willing to risk the money themselves. But also he made it very clear that if the plans were in place and approved and much wealthier party came along that would be willing to do it all themselves then the family would sell. That also says to me that its another Higgs scenario...or that they don't have the outright capital to invest. This What the ALQs have done is what every other board, including the last one could have done, put all these extra staff in place and paid chairman etc, but the club can't afford it, and the ALQs haven't paid for it either, they have just increased the debt on the bottom line. Thats not good business practice especially when the business is in debt, naturally accrues more debt on base staff and you are starting to run close to your asset value. You think Higgs wasted a lot of money? With trying to get any project off the ground you always have to speculate some cash, and when its a £30m stadium that will be a few quid. If it wasn't for a combination of some tree hugging numpty starting TRASH and sainsbury's going back on their agreement it would have been built. Its also very possible to say that without the UWE, the ALQs would likely have never been interested in us at all. All I will say is wasting money is having an office in London and charging the club. That is the one thing that is boiling my urine. Yes Higgs ownership took us out of the league, but he also returned us to L1. Wael may have been carried down Gloucester Road as some sort of messiah but lets be honest, it was Higgs who installed DC as manager, stuck with him through the poor start of the conference and backed him through the L2 season until March when the take over was confirmed. The ALQs had little to do with our promotion push except promising a week in vegas to the players should we do it.
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Post by wertongas on Mar 15, 2019 15:46:12 GMT
Just to clarify this. The total annual dividend paid out by the Arab Jordan Investment Bank is about £16 million The share of annual dividend paid to the combined Al-Qadi family is about £5 million Which, at a guess, may be close to the combined annual income of Nick Higgs, Barry Bradshaw, Ed Ware and Chris Jelf. Aren't dividends and annual incomes slightly different things ? You are probably right after I wrote this I did wonder whether that was the banks total or AQ share it is a little while since I checked the banks accounts the AQ's own just around 30percent of the bank so that is about right. Wael is the smallest invester about a 6th of the family investment that is less than 1million per year obviously he would have other income, but I cannot imagine he could run the club on his own and definitely at the mercy of his family esp his Dad who is by far the largest owner of assets and shares. Without selling some of the assets the owners I would thought have to borrow or get investors in to build a stadium.
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Post by warehamgas on Mar 15, 2019 16:01:21 GMT
My take. Sounds like good news is coming inside the next 12 months re the ground . I did hear a rumour land by the fruit market was being considered.... but that could be rubbish! As for owners and outside investment possibly available, surely anyone would consider that? Why would you turn it down flatly? It doesn’t mean you’re desperate to sell up but if it would help the club move forward you’d hear them out. As a Gashead , if I was the owner and had £100m in bank but a multi billionaire said he’d invest I’d take him up on it ( after due diligence). Anyway.... my glass is over half full. My glass is always half full. Being a Rovers fan it has to be. Blimey, can you imagine how miserable life would be if we took all this stuff too seriously? Optimism is my default setting with the Rovers! The alternative doesn’t bear thinking about. 😀😀😀 UTG!
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Post by stapletongas on Mar 15, 2019 16:17:35 GMT
Decent interview, don’t understand the fuss.
So Wael acts with tact and diplomacy rather than breach confidentiality in an unprofessional way.
Some Gasheads are too used to the old guard with more leaks than a colander.
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