|
Post by Okebournegas on May 19, 2019 16:28:52 GMT
Your silence speaks volumes Henbury, yet again you’ve made yourself look a right knob , posting without engaging your brain first, just like the time you started bad mouthing city fans for allegedly attacking a young fan with learning difficulties,now that was attention seeking on another level that caused all sorts of trouble for you, you weren’t all big and clever sat behind your keyboard then were you ?I’ve never seen anyone back track on a made up story so fast in my life!!! What was the outcome with all that anyway, oh yeah a visit by the old bill and surprise, surprise no one was ever questioned over it as it never happened , just you trying to cause trouble between the two clubs. Yet you have the neck to say I’m an attention seeker.... oh dear, touched a nerve have i ah diddums No nerves touched here Henbury, I’m genuinely embarrassed for you. I asked you to point out where I’ve tried to gain attention and all you can come back with is a pedantic answer , i rest my case you sh** stirring little wum !
|
|
|
Post by piratesquarters on May 19, 2019 17:37:03 GMT
Attacking a poster not against forum rules now?
|
|
|
Post by Okebournegas on May 19, 2019 18:19:02 GMT
Attacking a poster not against forum rules now? 😂
|
|
|
Post by aghast on May 19, 2019 18:27:12 GMT
When someone from Chase school had an issue with someone from Rodway, we used to settle it with a scrap on the common after school.
I just feel it's more sophisticated to do it on the internet.
And you don't get blood on your blazer. Or have to make up some cock and bull story for your mum about accidents with chisels in woodwork.
|
|
|
Post by Okebournegas on May 19, 2019 18:41:11 GMT
When someone from Chase school had an issue with someone from Rodway, we used to settle it with a scrap on the common after school. I just feel it's more sophisticated to do it on the internet. And you don't get blood on your blazer. Or have to make up some cock and bull story for your mum about accidents with chisels in woodwork. My rule about using forums / social media , only post what you would be prepared to say to someone’s face.
|
|
|
Post by justin blue on May 19, 2019 19:06:36 GMT
When someone from Chase school had an issue with someone from Rodway, we used to settle it with a scrap on the common after school. I just feel it's more sophisticated to do it on the internet. And you don't get blood on your blazer. Or have to make up some cock and bull story for your mum about accidents with chisels in woodwork. My rule about using forums / social media , only post what you would be prepared to say to someone’s face. So you go round calling people s@@t stirring wums etc to their face. Bet that makes you popular.
|
|
|
Post by swissgas on May 19, 2019 19:13:48 GMT
Firstly singupgas I do not know why you think we are expecting Americans? - not from me anyway. As for timescale as soon as possible. Secondly Toppergas I did not suggest the Company is about to go into administration, I simply posed questions which we would usually ask at an AGM and seven weeks ago we had been denied - and by the way - we are talking about Accounts which are now TWO YEARS OUT OF DATE. Added to which we now know that the Accounts have yet to be signed off - and they only tell the story to June 2017.Our owners and our new(ish) CEO needs to get their act together. As I pointed out before a professor of football finance did a study of league 1clubs, he said the owners had set aside 15million to cover our debts which were 8 million at the time. He said the club were on a sound footing and in a better state financially than most clubs. The owners take an income of roughly 5million a year from the AJIB bank which they own a third of they also own a hotel and have interest in a tourist company. Most of their money is tied up in assets. So they are not cash rich and although it appears they have the money to run the club probably not enough cash to do any major development without outside investment or selling of assets. My point is though that the club do not appear to have financial problems so why are we getting all this scare mongering and crap. I also frequent the Dunford lounge there are always rumours going around I have learnt over time to ignore them . When I read the report about the Professor of Football Finance my first thoughts were that he had been asked for a comment and he gave a quick off the cuff answer without going into the accounts for detail. It is true that at June 30th 2017 Dwane Sports were owed £8.6 million but former shareholders were also owed nearly £1 million at that date and by the time the accounts were published, and the comments made, the company had probably lost another 2 million. So with debts amounting to nearly £12 million that £15 million credit facility was not looking quite so comfortable and the Professor should have spotted this. More concerning was that there was no revelation in the accounts as to how the losses were going to be addressed and financial stability restored which should have set alarm bells ringing with a competent analyst. And it is tempting fate to imply "the Al-Qadi's have plenty of money they will keep funding the football club come what may" even if that were true. The whole family's dividend income from their 29% share in AJIB is about £4 million before tax and the dividend income from their 27% share in the Four Seasons Hotel company (METICO) is about £370 000 before tax. How can they possibly continue to fund Rovers' losses of about £2 million per year ? But here is my take on what could be knowall's reason for optimism. When the 2018 accounts are published the Dwane Sports loan may well be up to about £12 million against the official Mem valuation shown in the accounts of £11 million. It is generally agreed that the £11 million valuation is conservative and the Sainsburys £29 million valuation unrealistic. But what if the £29 million, or even more, was not unrealistic and the true value of the land in the eyes of a particular type of developer was far in excess of what we imagine ? What if such a developer was in touch with members or former members of the Presidents Club and was so keen to get his hands on that land that if a deal could be done he would help with the construction of a new stadium for Rovers ? It may not be a huge stadium and the issue of funding the football club in future would still have to be addressed but it would give us a new start and our fate would once again be back in the hands of long standing Gasheads. This would IMO be positive but it is not what some were hoping for which may explain why knowall said "most Gasheads would like it". Pure speculation on my part but if this scenario did exist one can imagine some serious issues between the potential buyers and Dwane Sports. Would they demand an unacceptable level of profit on the land they were so astute in buying at a knock down price in 2016 ? And would Wael put a spanner in the works by insisting on remaining as a part owner so that he could continue with his football fantasies ?
|
|
|
Post by Gassy on May 19, 2019 19:16:28 GMT
My rule about using forums / social media , only post what you would be prepared to say to someone’s face. So you go round calling people s@@t stirring wums etc to their face. Bet that makes you popular. I doubt me makes friends with them. But if someone was doing it, I’d tell them. Tbf okebourne is a top poster on here and Henburys comments came from nowhere attacking him from nowhere. In no way is he an attention seaker either. Don’t make accusations if you can’t back them up
|
|
|
Post by knowall on May 19, 2019 19:27:29 GMT
Firstly singupgas I do not know why you think we are expecting Americans? - not from me anyway. As for timescale as soon as possible. Secondly Toppergas I did not suggest the Company is about to go into administration, I simply posed questions which we would usually ask at an AGM and seven weeks ago we had been denied - and by the way - we are talking about Accounts which are now TWO YEARS OUT OF DATE. Added to which we now know that the Accounts have yet to be signed off - and they only tell the story to June 2017.Our owners and our new(ish) CEO needs to get their act together. Recheck the dates Knowall I think you will find the accounts will up to June 2018. 2017 accounts were filed in March 2018. Forgive me if I gave the wrong impression - what I was trying to say was our published accounts currently only tell the story to June 2017, so are now TWO YEARS OUT OF DATE. To clarify further that at an AGM the accounts would have to be shown to June 2018 and any significant changes after that date would have to be declared. I am keen to know that the owners will continue to give the assurances in the accounts as per the last set of accounts.
|
|
|
Post by daniel300380 on May 19, 2019 19:47:31 GMT
As I pointed out before a professor of football finance did a study of league 1clubs, he said the owners had set aside 15million to cover our debts which were 8 million at the time. He said the club were on a sound footing and in a better state financially than most clubs. The owners take an income of roughly 5million a year from the AJIB bank which they own a third of they also own a hotel and have interest in a tourist company. Most of their money is tied up in assets. So they are not cash rich and although it appears they have the money to run the club probably not enough cash to do any major development without outside investment or selling of assets. My point is though that the club do not appear to have financial problems so why are we getting all this scare mongering and crap. I also frequent the Dunford lounge there are always rumours going around I have learnt over time to ignore them . When I read the report about the Professor of Football Finance my first thoughts were that he had been asked for a comment and he gave a quick off the cuff answer without going into the accounts for detail. It is true that at June 30th 2017 Dwane Sports were owed £8.6 million but former shareholders were also owed nearly £1 million at that date and by the time the accounts were published, and the comments made, the company had probably lost another 2 million. So with debts amounting to nearly £12 million that £15 million credit facility was not looking quite so comfortable and the Professor should have spotted this. More concerning was that there was no revelation in the accounts as to how the losses were going to be addressed and financial stability restored which should have set alarm bells ringing with a competent analyst. And it is tempting fate to imply "the Al-Qadi's have plenty of money they will keep funding the football club come what may" even if that were true. The whole family's dividend income from their 29% share in AJIB is about £4 million before tax and the dividend income from their 27% share in the Four Seasons Hotel company (METICO) is about £370 000 before tax. How can they possibly continue to fund Rovers' losses of about £2 million per year ? But here is my take on what could be knowall's reason for optimism. When the 2018 accounts are published the Dwane Sports loan may well be up to about £12 million against the official Mem valuation shown in the accounts of £11 million. It is generally agreed that the £11 million valuation is conservative and the Sainsburys £29 million valuation unrealistic. But what if the £29 million, or even more, was not unrealistic and the true value of the land in the eyes of a particular type of developer was far in excess of what we imagine ? What if such a developer was in touch with members or former members of the Presidents Club and was so keen to get his hands on that land that if a deal could be done he would help with the construction of a new stadium for Rovers ? It may not be a huge stadium and the issue of funding the football club in future would still have to be addressed but it would give us a new start and our fate would once again be back in the hands of long standing Gasheads. This would IMO be positive but it is not what some were hoping for which may explain why knowall said "most Gasheads would like it". Pure speculation on my part but if this scenario did exist one can imagine some serious issues between the potential buyers and Dwane Sports. Would they demand an unacceptable level of profit on the land they were so astute in buying at a knock down price in 2016 ? And would Wael put a spanner in the works by insisting on remaining as a part owner so that he could continue with his football fantasies ? No one knows how much money the family have. They are private people. So it's pointless trying to work out how much money they have coming in. They have continued to fund the club, unless they ever decide to stop, not sure why everyone is trying to make it an issue. Same at every club, including c**y.
|
|
|
Post by Hugo the Elder on May 19, 2019 20:05:51 GMT
As I pointed out before a professor of football finance did a study of league 1clubs, he said the owners had set aside 15million to cover our debts which were 8 million at the time. He said the club were on a sound footing and in a better state financially than most clubs. The owners take an income of roughly 5million a year from the AJIB bank which they own a third of they also own a hotel and have interest in a tourist company. Most of their money is tied up in assets. So they are not cash rich and although it appears they have the money to run the club probably not enough cash to do any major development without outside investment or selling of assets. My point is though that the club do not appear to have financial problems so why are we getting all this scare mongering and crap. I also frequent the Dunford lounge there are always rumours going around I have learnt over time to ignore them . When I read the report about the Professor of Football Finance my first thoughts were that he had been asked for a comment and he gave a quick off the cuff answer without going into the accounts for detail. It is true that at June 30th 2017 Dwane Sports were owed £8.6 million but former shareholders were also owed nearly £1 million at that date and by the time the accounts were published, and the comments made, the company had probably lost another 2 million. So with debts amounting to nearly £12 million that £15 million credit facility was not looking quite so comfortable and the Professor should have spotted this. More concerning was that there was no revelation in the accounts as to how the losses were going to be addressed and financial stability restored which should have set alarm bells ringing with a competent analyst. And it is tempting fate to imply "the Al-Qadi's have plenty of money they will keep funding the football club come what may" even if that were true. The whole family's dividend income from their 29% share in AJIB is about £4 million before tax and the dividend income from their 27% share in the Four Seasons Hotel company (METICO) is about £370 000 before tax. How can they possibly continue to fund Rovers' losses of about £2 million per year ? But here is my take on what could be knowall's reason for optimism. When the 2018 accounts are published the Dwane Sports loan may well be up to about £12 million against the official Mem valuation shown in the accounts of £11 million. It is generally agreed that the £11 million valuation is conservative and the Sainsburys £29 million valuation unrealistic. But what if the £29 million, or even more, was not unrealistic and the true value of the land in the eyes of a particular type of developer was far in excess of what we imagine ? What if such a developer was in touch with members or former members of the Presidents Club and was so keen to get his hands on that land that if a deal could be done he would help with the construction of a new stadium for Rovers ? It may not be a huge stadium and the issue of funding the football club in future would still have to be addressed but it would give us a new start and our fate would once again be back in the hands of long standing Gasheads. This would IMO be positive but it is not what some were hoping for which may explain why knowall said "most Gasheads would like it". Pure speculation on my part but if this scenario did exist one can imagine some serious issues between the potential buyers and Dwane Sports. Would they demand an unacceptable level of profit on the land they were so astute in buying at a knock down price in 2016 ? And would Wael put a spanner in the works by insisting on remaining as a part owner so that he could continue with his football fantasies ? Pure speculation indeed.
|
|
|
Post by Hugo the Elder on May 19, 2019 20:07:24 GMT
Can we tone down the personal insults please.
I've got a lot on and really don't have time for this sh**.
|
|
|
Post by glengas on May 19, 2019 20:28:15 GMT
When I read the report about the Professor of Football Finance my first thoughts were that he had been asked for a comment and he gave a quick off the cuff answer without going into the accounts for detail. It is true that at June 30th 2017 Dwane Sports were owed £8.6 million but former shareholders were also owed nearly £1 million at that date and by the time the accounts were published, and the comments made, the company had probably lost another 2 million. So with debts amounting to nearly £12 million that £15 million credit facility was not looking quite so comfortable and the Professor should have spotted this. More concerning was that there was no revelation in the accounts as to how the losses were going to be addressed and financial stability restored which should have set alarm bells ringing with a competent analyst. And it is tempting fate to imply "the Al-Qadi's have plenty of money they will keep funding the football club come what may" even if that were true. The whole family's dividend income from their 29% share in AJIB is about £4 million before tax and the dividend income from their 27% share in the Four Seasons Hotel company (METICO) is about £370 000 before tax. How can they possibly continue to fund Rovers' losses of about £2 million per year ? But here is my take on what could be knowall's reason for optimism. When the 2018 accounts are published the Dwane Sports loan may well be up to about £12 million against the official Mem valuation shown in the accounts of £11 million. It is generally agreed that the £11 million valuation is conservative and the Sainsburys £29 million valuation unrealistic. But what if the £29 million, or even more, was not unrealistic and the true value of the land in the eyes of a particular type of developer was far in excess of what we imagine ? What if such a developer was in touch with members or former members of the Presidents Club and was so keen to get his hands on that land that if a deal could be done he would help with the construction of a new stadium for Rovers ? It may not be a huge stadium and the issue of funding the football club in future would still have to be addressed but it would give us a new start and our fate would once again be back in the hands of long standing Gasheads. This would IMO be positive but it is not what some were hoping for which may explain why knowall said "most Gasheads would like it". Pure speculation on my part but if this scenario did exist one can imagine some serious issues between the potential buyers and Dwane Sports. Would they demand an unacceptable level of profit on the land they were so astute in buying at a knock down price in 2016 ? And would Wael put a spanner in the works by insisting on remaining as a part owner so that he could continue with his football fantasies ? No one knows how much money the family have. They are private people. So it's pointless trying to work out how much money they have coming in. They have continued to fund the club, unless they ever decide to stop, not sure why everyone is trying to make it an issue. Same at every club, including c**y. The issue for me is the fact that the ambition at the club seems to have completely dried up and it appears that apart from Wael the rest of the family have given up interest. You only have to look at the Colony site to see this. City are maximising their revenue from non football events like concerts and top class conference event facilities whereas we are relying on car boot sales in the car park. I can’t see for the life of me how we can ever hope to pay back the money we owe and how we stop them spiralling out of control.without a major injection of cash and who is willing to do that?
|
|
|
Post by wertongas on May 19, 2019 20:36:25 GMT
The information regarding income AQ's receive from AJIB is not pure speculation, if you look at AJIB accounts over a few yrs their dividend payments are between 14- 18 million, and as swissgas says the family have just under a 3rd ownership which averages as an income I would have said of about 5million, most of that income goes to the old man with Wael taking the smallest cut his income would be less than a million per yr. So Wael has to rely on his father and brother for support when it comes to running the club. You can find this out by researching AJIB accounts. Don't know what the clubs debts are now but the club have been cutting back, increasing sponsorship to try and reduce losses. As for stadium value, only low cost retail are developing now and housing land is worth less than retail. So I suspect the stadium land is worth less than half the 29 million it was said Sainsbury were going to pay for it.
|
|
|
Post by Okebournegas on May 19, 2019 20:40:51 GMT
My rule about using forums / social media , only post what you would be prepared to say to someone’s face. So you go round calling people s@@t stirring wums etc to their face. Bet that makes you popular. I’m not trying to win a popularity contest , but yes if someone is acting daft I would tell them , wouldn’t you ? But you see , that’s the problem with forums , people like Henbury enjoy winding people up and saying things that they wouldn’t necessarily say in person as they are tucked safe and sound behind their keyboard. Just out of curiosity, you think it’s acceptable for Henbury to dish it out to me but you pipe up at my post ?
|
|
|
Post by daniel300380 on May 19, 2019 20:56:34 GMT
The information regarding income AQ's receive from AJIB is not pure speculation, if you look at AJIB accounts over a few yrs their dividend payments are between 14- 18 million, and as swissgas says the family have just under a 3rd ownership which averages as an income I would have said of about 5million, most of that income goes to the old man with Wael taking the smallest cut his income would be less than a million per yr. So Wael has to rely on his father and brother for support when it comes to running the club. You can find this out by researching AJIB accounts. Don't know what the clubs debts are now but the club have been cutting back, increasing sponsorship to try and reduce losses. As for stadium value, only low cost retail are developing now and housing land is worth less than retail. So I suspect the stadium land is worth less than half the 29 million it was said Sainsbury were going to pay for it. Didn't say it was. They have more business than that and the one hotel he said about though. So there is no way of knowing there total wealth. That was the point I was making.
|
|
|
Post by justin blue on May 19, 2019 21:31:58 GMT
So you go round calling people s@@t stirring wums etc to their face. Bet that makes you popular. I’m not trying to win a popularity contest , but yes if someone is acting daft I would tell them , wouldn’t you ? But you see , that’s the problem with forums , people like Henbury enjoy winding people up and saying things that they wouldn’t necessarily say in person as they are tucked safe and sound behind their keyboard. Just out of curiosity, you think it’s acceptable for Henbury to dish it out to me but you pipe up at my post ? I can't be bothered to trawl back and see who insulted who first and I don't really care I only seen the comment above. My view is that when a poster resorts to personal insults they have lost the argument and responding in kind is just as bad. Personally if I don't agree with posters on here I agree to dissagree and if what they post annoys me I block their posts so that I don't see them. The last thing I would want to do if someone had upset me on here is to meet them for both of our sakes.
|
|
|
Post by wertongas on May 19, 2019 21:33:22 GMT
The information regarding income AQ's receive from AJIB is not pure speculation, if you look at AJIB accounts over a few yrs their dividend payments are between 14- 18 million, and as swissgas says the family have just under a 3rd ownership which averages as an income I would have said of about 5million, most of that income goes to the old man with Wael taking the smallest cut his income would be less than a million per yr. So Wael has to rely on his father and brother for support when it comes to running the club. You can find this out by researching AJIB accounts. Don't know what the clubs debts are now but the club have been cutting back, increasing sponsorship to try and reduce losses. As for stadium value, only low cost retail are developing now and housing land is worth less than retail. So I suspect the stadium land is worth less than half the 29 million it was said Sainsbury were going to pay for it. Didn't say it was. They have more business than that and the one hotel he said about though. So there is no way of knowing there total wealth. That was the point I was making. your right it is not all their income but the bank does appear to be their main earner. I just get the feeling for the time being we are lumbered with AQ's and there lack of major spending power and they are lumbered with the club and it's debt.
|
|
|
Post by daniel300380 on May 19, 2019 22:36:37 GMT
Didn't say it was. They have more business than that and the one hotel he said about though. So there is no way of knowing there total wealth. That was the point I was making. your right it is not all their income but the bank does appear to be their main earner. I just get the feeling for the time being we are lumbered with AQ's and there lack of major spending power and they are lumbered with the club and it's debt. Fans need to decide what they want. Most fans moan about Salford, Man City etc. But then they moan they want us to be the same as those clubs. We are spending the maximum allowed for SCMP. The budget did go up, due to the increased revenue, from better sponsorship deals and sponsor's. So they are trying to do it the right way. Training ground was put on hold, until they can agree a stadium deal. I have no problem with that. Where we train now, is not bad for this level anyway. When we are already losing millions a season, I wouldn't add millions to that. Until we have further revenue streams confirmed. We are only in serious problems, if the family decide enough, is enough. With all the abuse they get, I wouldn't blame them for walking away.
|
|
|
Post by Okebournegas on May 20, 2019 6:27:01 GMT
I’m not trying to win a popularity contest , but yes if someone is acting daft I would tell them , wouldn’t you ? But you see , that’s the problem with forums , people like Henbury enjoy winding people up and saying things that they wouldn’t necessarily say in person as they are tucked safe and sound behind their keyboard. Just out of curiosity, you think it’s acceptable for Henbury to dish it out to me but you pipe up at my post ? I can't be bothered to trawl back and see who insulted who first and I don't really care I only seen the comment above. My view is that when a poster resorts to personal insults they have lost the argument and responding in kind is just as bad. Personally if I don't agree with posters on here I agree to dissagree and if what they post annoys me I block their posts so that I don't see them. The last thing I would want to do if someone had upset me on here is to meet them for both of our sakes. What a stupid post ! If you can’t be bothered to trawl back through previous posts to see why I’ve said what I’ve said then don’t comment on my replies to Henbury. To be fair If you are getting offended on somebody else’s behalf and you genuinely think that me calling another poster a sh** stirring wum is an insult then perhaps a forum isn’t the best place for you , and yes if you’d rather me say this to you in person I would happily oblige.
|
|