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Post by paulpirate on Aug 5, 2019 21:08:41 GMT
Mr Tash can I ask who the letter was addressed to that you saw? It was addressed to Mr John List of Mack (a wholesaler at the market). The letter was intended to be distributed to shareholders of the market. I know a shareholder rather well, and they showed me the letter. go Gary go |
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Post by Deleted on Aug 5, 2019 21:11:38 GMT
Yes the plans were in place and Wael told us the finance was in place and then after due diligence realised NH had agreed a deal that was not in the financial interest of the club. Our owners continued to try and get a better deal from UWE without success and finally pulled the plug.
They have now come up with their own plan, time will tell if they will be successful. That's how I see it, your perfectly entitled to your opinion oldgas about our present owner, I have mine.
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Post by Topper Gas on Aug 5, 2019 21:13:07 GMT
@totalproduce seem fairly confident nothing is going to happen soon:
"I don’t normally comment on gossip regarding the fruit market but occasionally you need to reassure your colleagues that their place of work won’t be changing anytime soon.......and certainly not within the next 2 years....."
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Post by gasandelectricity on Aug 5, 2019 21:19:59 GMT
@totalproduce seem fairly confident nothing is going to happen soon: "I don’t normally comment on gossip regarding the fruit market but occasionally you need to reassure your colleagues that their place of work won’t be changing anytime soon.......and certainly not within the next 2 years....." But if you were about to do a deal to sell your employees workplace without having finalised where you're going to go next, or the details around what will happen to those employees, you would want to reassure them that nothing is going to change soon. Additionally they don't want to upset any business they have with any of their customers who may be similarly interested. A bit like we've not announced anything around selling the Mem yet as we haven't finalised any plans for a new stadium yet. Mentioning a two year timescale is a bit funny too. Perhaps that's a sticking point in negotiations. Everyone is being very economical with their words. Nobody has said anything has been rejected, or has ruled anything out, but merely said nothing has been accepted. Reassuring. |
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Post by garystash on Aug 5, 2019 21:22:07 GMT
@totalproduce seem fairly confident nothing is going to happen soon: "I don’t normally comment on gossip regarding the fruit market but occasionally you need to reassure your colleagues that their place of work won’t be changing anytime soon.......and certainly not within the next 2 years....." Existing businesses have the option to have units built into the new development, so perhaps their workplace won't change. |
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Post by Deleted on Aug 5, 2019 21:29:03 GMT
@totalproduce seem fairly confident nothing is going to happen soon: "I don’t normally comment on gossip regarding the fruit market but occasionally you need to reassure your colleagues that their place of work won’t be changing anytime soon.......and certainly not within the next 2 years....." How many times over the years have you heard that quote from a business owner and then a few months down the line they announce the business is to close down. The difference in this case is that Total Produce will relocate to a new site with better motorway links in order to supply their customers all over the South West. Their directly employed staff will still be employed and the local independent wholesalers on the same site will move with them. Remember this is basically a warehouse business, not a business that relies on lots of machinery etc etc which would prove costly to relocate and their are lots of more modern and new warehouses readily available with minimal moving costs involved. |
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Post by gasman on Aug 5, 2019 21:40:44 GMT
So whos bought the Gulliver's site last month which is next to market
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Post by Westy on Aug 5, 2019 21:53:08 GMT
* to the Mods: sorry I've repeated this in 2 threads. I just had this brainwave and wanted to share as part of the discussion but didn't know which thread would be better! Feel free to delete one if so? China Investment Corporation? Lansdown Stephen? You know, thinking of Chinese investment has got me thinking. Perhaps there could be a while 100% eco green project. Capatlise (boom-tsk!) on the Bristol's green capital a few years ago to outside investors as a ground breaking (boom-tsk) purpose built environmentally friendly stadium/arena/hotel and conference centre. Could be a winner in the eyes of community support, council appeasement, and investors involved the chance to be part of a real important step forward in building design and eco initiatives? |
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Post by Topper Gas on Aug 5, 2019 21:58:40 GMT
Yes the plans were in place and Wael told us the finance was in place and then after due diligence realised NH had agreed a deal that was not in the financial interest of the club. Our owners continued to try and get a better deal from UWE without success and finally pulled the plug. They have now come up with their own plan, time will tell if they will be successful. That's how I see it, your perfectly entitled to your opinion oldgas about our present owner, I have mine. Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. |
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Post by toddy1953 on Aug 5, 2019 22:04:37 GMT
So whos bought the Gulliver's site last month which is next to market I don’t know, but that site was for sale at around £3.25m & was just over 4 acres. Might give a guide to the cost of land purchase price in the area |
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Post by warehamgas on Aug 5, 2019 22:15:36 GMT
Yes the plans were in place and Wael told us the finance was in place and then after due diligence realised NH had agreed a deal that was not in the financial interest of the club. Our owners continued to try and get a better deal from UWE without success and finally pulled the plug. They have now come up with their own plan, time will tell if they will be successful. That's how I see it, your perfectly entitled to your opinion oldgas about our present owner, I have mine. Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. But Topper, what Bideford has posted is probably what happened with the UWE. I know little about the inside workings of how the UWE went wrong but even I know from what others have told me at the Mem when I come up for matches and from what the club has put out that what bideford has said is, in a nutshell, what might have happened. You, me and most on here know b***** all about the detail. As for the idea that due diligence takes place before a deal happens Mmm. In textbooks it does but you've only got to see tales in the EFL to know that in practice it doesn’t always happen. UTG! |
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Post by Westy on Aug 5, 2019 22:18:22 GMT
So whos bought the Gulliver's site last month which is next to market I don’t know, but that site was for sale at around £3.25m & was just over 4 acres. Might give a guide to the cost of land purchase price in the area Ah I had forgotten that place was the Gulliver's, that's the one I walk to and from work sometimes! Iirc it was for sale for a reasonable while. Interesting it's sold now, I'm not sure it I want to speculate any tie-in to Wael's words... |
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Post by daniel300380 on Aug 5, 2019 22:55:16 GMT
Yes the plans were in place and Wael told us the finance was in place and then after due diligence realised NH had agreed a deal that was not in the financial interest of the club. Our owners continued to try and get a better deal from UWE without success and finally pulled the plug. They have now come up with their own plan, time will tell if they will be successful. That's how I see it, your perfectly entitled to your opinion oldgas about our present owner, I have mine. Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. Wael said in an interview that experts were doing due diligence on Uwe, after he took over. It was done after, then we pulled out. He said this a few times. |
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Post by Dr Gas on Aug 5, 2019 22:59:07 GMT
Even if no deal can be agreed to buy the fruit market, doesn’t the very fact that Rovers have made a bid for a piece of land to build a stadium indicate they are trying their best to deliver on promises? Certainly it goes against those saying that Wael was just buying time by mentioning the fruit market. Yes, but then I can say I made an offer to buy a piece of land out the back of my house on which to build a super deluxe shed. I offered them 50p but the offer was rejected. According to legend we were all set to build an academy on the colony land until DS realised the budget wouldn’t cover it- maybe this is more of the same? Of all things I can quite believe we have had an offer rejected. If the city centre is being regenerated up to the fruit market doesn’t that make the land there waaaay more expensive than the sort of funds we can raise? Does the council really want a stadium in that prime real estate unless it will have a roof to double as the arena?The interesting bit is the bit about it being a 3rd party who made the offer. A 3rd party on behalf of Rovers? I believe the acoustics are better in St Phillips than in BS3, so it could become the prime concert venue in Bristol  |
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Post by Gasshole on Aug 6, 2019 0:15:48 GMT
We should have a running track around the pitch , so we can put in a bid for the Olympics. Everyone can stay in our Hotel.
Throw some sand over it - Speedway and dogs.
Fckn Jackpot.
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Post by Westy on Aug 6, 2019 0:57:26 GMT
We should have a running track around the pitch , so we can put in a bid for the Olympics. Everyone can stay in our Hotel. Throw some sand over it - Speedway and dogs. Fckn Jackpot. That's the name sorted then! |
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Post by Deleted on Aug 6, 2019 1:15:44 GMT
and do you think our current owners will pay for the full development Costs of the Fruit Market Site & The redevelopment of the mem into housing and the development of the Colony into a Cat 2 Site ?  Literally my favourite episode |
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Post by Gasshole on Aug 6, 2019 5:16:26 GMT
Mr Tash can I ask who the letter was addressed to that you saw? It was addressed to Mr John List of Mack (a wholesaler at the market). The letter was intended to be distributed to shareholders of the market. I know a shareholder rather well, and they showed me the letter. Gaschat shocker ITKer fronts up with names and deets. The news leaves KFA’s absolutely stupefied. |
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Post by Deleted on Aug 6, 2019 6:13:05 GMT
No, just another gaschat poster deciding Higgs is involved. It seems everybody on Twitter seems to know who the third party is! Who is this mystery person who re-commenced talks with the UWE then turned to the Fruit Market when they failed? The correct spelling is 'twatter'. It's for twats. |
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Post by Topper Gas on Aug 6, 2019 6:19:38 GMT
Why do you post as if you know what you are talking, due diligence takes place before a deal is agree not afterwards! Regardless NH's deal died when we lost the Sainsbury's case. It was a third party who tried to save the UWE deal likewise it's a third party trying to agree a deal with the Fruit Market owners. Wael, at best, is a bit part player not the main man. Wael said in an interview that experts were doing due diligence on Uwe, after he took over. It was done after, then we pulled out. He said this a few times. My point was Due diligence takes place prior to a takeover not after its completed: "a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential." |
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