yattongas
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Post by yattongas on Feb 21, 2023 15:50:48 GMT
We always seem to be unlucky with the timing of our stadium projects. The Sainsburys saga came about largely by the financial crisis resulting from the 2008 crash. 2 or 3 years earlier with the deal and Sainburys wouldn't have hesitated. Following the financial crisis raw materials and costs went up. Fast forward to 2019 and the fruit market, we then have COVID and the knock on effect to finances and also massive price rises of materials and labour. In fact I think our stadium plans are a good indicator that a financial crisis is about to happen. The best time to plant a tree is 20 yrs ago, the second best time is today . |
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Post by heartofgas on Feb 21, 2023 15:50:58 GMT
I think the problem for us Gasheads is that we are so desperate for some news and positive messages on a stadium we are unable to look at things objectively. We range from the highly cynical nothing will ever happen (which I must admit I tend to be towards) to the always positive can't see the bad news when it's right in front of them. We all want a positive outcome but it's hard to be objective when looking at these things.
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Post by Topper Gas on Feb 21, 2023 15:51:48 GMT
We always seem to be unlucky with the timing of our stadium projects. The Sainsburys saga came about largely by the financial crisis resulting from the 2008 crash. 2 or 3 years earlier with the deal and Sainburys wouldn't have hesitated. Following the financial crisis raw materials and costs went up. Fast forward to 2019 and the fruit market, we then have COVID and the knock on effect to finances and also massive price rises of materials and labour. In fact I think our stadium plans are a good indicator that a financial crisis is about to happen. You've overlooked the banking crisis put paid to the redeveloping the Mem using income from the student flats. |
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Post by Quarters on Feb 21, 2023 16:00:15 GMT
We always seem to be unlucky with the timing of our stadium projects. The Sainsburys saga came about largely by the financial crisis resulting from the 2008 crash. 2 or 3 years earlier with the deal and Sainburys wouldn't have hesitated. Following the financial crisis raw materials and costs went up. Fast forward to 2019 and the fruit market, we then have COVID and the knock on effect to finances and also massive price rises of materials and labour. In fact I think our stadium plans are a good indicator that a financial crisis is about to happen. Wasn't the mem redevelopment cancelled due to a recession and raising building costs? Think the company doing it, said they couldn't anymore. We don't seem to have any luck with stadium projects🤣 Thought it was more to do with a fall in requirements for student accom, or that was what we were told. Odd as theer is a shortage now. |
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Post by stuart1974 on Feb 21, 2023 16:08:08 GMT
Wasn't the mem redevelopment cancelled due to a recession and raising building costs? Think the company doing it, said they couldn't anymore. We don't seem to have any luck with stadium projects🤣 Thought it was more to do with a fall in requirements for student accom, or that was what we were told. Odd as theer is a shortage now. Opal, the group behind the student flats, backed out citing the 'credit crunch'. I think they went into administration a few years later. |
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Post by baggins on Feb 21, 2023 16:13:21 GMT
I don't think the UWE could just sell the land due to the deal when they purchased it cheaply from Hewlett-Packard. If they could then no doubt they'd have already sold it for housing. I'm sure if we offered them £200M there would have been a way. And if we'd offered a £billion then we'd be in the Prem. The UWE deal wasn't good for BRFC and that's the end of it. |
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Post by gasandelectricity on Feb 21, 2023 16:16:35 GMT
Chris Brown has put on Facebook that Conygar are no longer interested in building a stadium at FM site. Not too unhappy as always felt it is a rubbish location to get to. South Gloucestershire council are Pro us, there must be a bit of land available that we can use. We need plenty of parking, and let the fans drink in a stadium bar to maximise revenue. Chris Brown has not said that and has said "Just a conclusion he has come too after reading Bristol post report". Gets on my wick when people come to their own conclusions and then share it as if it is fact. |
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Post by Deleted on Feb 21, 2023 16:18:08 GMT
I'm sure if we offered them £200M there would have been a way. And if we'd offered a £billion then we'd be in the Prem. The UWE deal wasn't good for BRFC and that's the end of it. Grass cut. A thought that keeps running through my head, if UWE was still on the table and Wael was the sole owner as he is now, would he run with it? |
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Post by Tilly's Thighs on Feb 21, 2023 16:26:15 GMT
Pretty certain the deal was only viable if Sainsbury's gave us approximately £10m for the Mem than it was really worth. If it was so viable then why didn't Higgs & co not press on and build it themselves? They had run out of money and sold with the understanding that the new owners were going to run with UWE. That was from one of the ex horses mouths. Obviously not a watertight understanding!  |
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Post by stuart1974 on Feb 21, 2023 16:26:42 GMT
And if we'd offered a £billion then we'd be in the Prem. The UWE deal wasn't good for BRFC and that's the end of it. Grass cut. A thought that keeps running through my head, if UWE was still on the table and Wael was the sole owner as he is now, would he run with it? Probably, if they could sort out the differences that caused the original issues. Can we afford it without external support, though, as I doubt we'd sell for the necessary amount that Sainsburys were going to. |
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Post by Deleted on Feb 21, 2023 16:36:44 GMT
Grass cut. A thought that keeps running through my head, if UWE was still on the table and Wael was the sole owner as he is now, would he run with it? Probably, if they could sort out the differences that caused the original issues. Can we afford it without external support, though, as I doubt we'd sell for the necessary amount that Sainsburys were going to. The rumours are that the value of The Mem is now worth much more than Sainsbury's offer, the downside is that the build costs of UWE will have risen. My gut feeling is the differences were from within and now that Wael is the sole owner those differences are no longer there. I have no idea about the owners finances but we were told that funding wasn't an issue although that might be the downside, it is without the rest of the families involvement. |
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Post by Topper Gas on Feb 21, 2023 16:46:21 GMT
And if we'd offered a £billion then we'd be in the Prem. The UWE deal wasn't good for BRFC and that's the end of it. Grass cut. A thought that keeps running through my head, if UWE was still on the table and Wael was the sole owner as he is now, would he run with it? You have to sense the FM looked a better deal. If it cost similar then a City centre location probably would be more attractive than one in Filton. As would an on site hotel |
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Post by eric on Feb 21, 2023 17:03:55 GMT
I don't think the UWE could just sell the land due to the deal when they purchased it cheaply from Hewlett-Packard. If they could then no doubt they'd have already sold it for housing. I'm sure if we offered them £200M there would have been a way. So our whole future depends of having the good fortune to be taken over by a billionaire who is willing to throw a 20-25% of his total wealth at a new stadium. Cosmic!! |
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Post by baggins on Feb 21, 2023 17:27:31 GMT
And if we'd offered a £billion then we'd be in the Prem. The UWE deal wasn't good for BRFC and that's the end of it. Grass cut. A thought that keeps running through my head, if UWE was still on the table and Wael was the sole owner as he is now, would he run with it? Nope. |
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Post by bluebiro on Feb 21, 2023 17:27:36 GMT
Own our own ground. Why bother trying to find another location . I get it we may not have 50 million but surely there is enough money available to do at least one decent stand. Whats wrong with one at a time and when funds allow then always looking at fantasy stadia that will never belong to the club
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Post by baggins on Feb 21, 2023 17:28:22 GMT
I think I'm just going to wait for an announcement.
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Post by baggins on Feb 21, 2023 17:30:02 GMT
Own our own ground. Why bother trying to find another location . I get it we may not have 50 million but surely there is enough money available to do at least one decent stand. Whats wrong with one at a time and when funds allow then always looking at fantasy stadia that will never belong to the club Enough money to do it? Possibly. Enough money to not get any return on the investment? Doubt it. |
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Post by Topper Gas on Feb 21, 2023 17:47:56 GMT
Own our own ground. Why bother trying to find another location . I get it we may not have 50 million but surely there is enough money available to do at least one decent stand. Whats wrong with one at a time and when funds allow then always looking at fantasy stadia that will never belong to the club Enough money to do it? Possibly. Enough money to not get any return on the investment? Doubt it. We've spent 30 years trying to build something which gives a decent ROI, perhaps if we'd just built something we'd be getting a decent ROI now as a Championship side. If the FM is now dead and no alternative is imminent then we could be waiting another decade plus for a new ground, whilst losing £3m a season. |
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Post by eric on Feb 21, 2023 18:29:44 GMT
Tom Gorringe on staying at redeveloped Mem:
"Not commercially viable, not operationally viable and a non-starter from day one" You’ll need a far larger font and repeat at the top of every age before anyone takes notice 😁!! |
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Post by bluebiro on Feb 21, 2023 18:38:35 GMT
Tom Gorringe on staying at redeveloped Mem:
"Not commercially viable, not operationally viable and a non-starter from day one" You’ll need a far larger font and repeat at the top of every age before anyone takes notice 😁!! for him maybe. When he has pretty well outsourced any income streams then it probably is not. |
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