|
Post by Westy on Mar 19, 2020 17:39:06 GMT
Does anyone know if our players are still in training right now or when they are back? I know the April return date is very unlikely to happen,but I guess if there was any chance for it to happen then they still need to be.. I just cant remember hearing anything about it.
I've gone past the training ground every day this week, and I haven't seen them training once.
Usually I'd see them them in all weather conditions!!
I don't know when they're due back.
Season's been pushed back until the 30th of April now, BBC reported earlier! I can see that happening a few times... www.bbc.co.uk/sport/football/51962751
|
|
|
Post by Topper Gas on Mar 19, 2020 18:01:16 GMT
The EFL have now supplied a breakdown of the figures between the various leagues: "Under the terms of the relief fund, Championship clubs will receive their remaining £800,000 award payment from the Premier League on Thursday. In addition, they will be able to apply for a £584,000 interest-free loan. For League One clubs the figures are £250,000 and £183,000, and for League Two sides they are £164,000 and £120,000." Just short of £450K in total should, you'd hope, see us though the next few months, although Knowall will no doubt be gutted by this newsSorry to disappoint you Topper, but as the £250,000 is money that will eventually be due to the Club, paying it now is an excellent move and should be applauded - which I do, especially if it allows staff to keep their jobs. The £183,000 is a loan but as it is interest free then it will also be helpful in what are exceptional circumstances. Add the confirmation today that Wael Al-Qadi is to pay staff wages himself this month - also generous, especially if that is also interest free. Perhaps, in view of your comment here and previously, I should explain that my view on our Club's finances is fashioned by the fact that I spent the final 35 years of my business career providing loans. Consequently, I have seen the benefit and negative consequences of what can happen to borrowers, sometimes depending what the money is used for. In the case of football, not just Rovers, but the whole industry, for many years it has become the norm for Clubs to borrow beyond their income which can be for some, as we have seen, a recipe for disaster. Specifically about Rovers, the Club has now borrowed somewhere approaching £20 million, and here is the rub, had the money been borrowed for capital projects such as for a training ground, a new stadium, or stadium improvements - no problem as that should have improved the value of the Club. But our Club has borrowed money mostly for day to day expenditure, and hence the Club is poorer - I hope you see the difference? I acknowledge that this is a common problem generally among football clubs in this country but just because some do it does not make it right for us to do it too. Especially when interest is added. There are exceptions, of course, where the Club's owners write off the loans, as per in the case of our near neighbours, but in our case the owners have secured the loan, which for them makes sense, but in my view could render our club vulnerable while the Club continues to make losses. I hope I am wrong. But we shareholders will soon find out at the AGM. So how many foreign bank owning "billionaires" did you arrange loans for in your 35 year career? As far as the AGM do you seriously think that's going to take place any time soon given the country is now virtually in lock down.
|
|
|
Post by warehamgas on Mar 19, 2020 18:26:32 GMT
The EFL have now supplied a breakdown of the figures between the various leagues: "Under the terms of the relief fund, Championship clubs will receive their remaining £800,000 award payment from the Premier League on Thursday. In addition, they will be able to apply for a £584,000 interest-free loan. For League One clubs the figures are £250,000 and £183,000, and for League Two sides they are £164,000 and £120,000." Just short of £450K in total should, you'd hope, see us though the next few months, although Knowall will no doubt be gutted by this newsSorry to disappoint you Topper, but as the £250,000 is money that will eventually be due to the Club, paying it now is an excellent move and should be applauded - which I do, especially if it allows staff to keep their jobs. The £183,000 is a loan but as it is interest free then it will also be helpful in what are exceptional circumstances.Add the confirmation today that Wael Al-Qadi is to pay staff wages himself this month - also generous, especially if that is also interest free. Perhaps, in view of your comment here and previously, I should explain that my view on our Club's finances is fashioned by the fact that I spent the final 35 years of my business career providing loans. Consequently, I have seen the benefit and negative consequences of what can happen to borrowers, sometimes depending what the money is used for. In the case of football, not just Rovers, but the whole industry, for many years it has become the norm for Clubs to borrow beyond their income which can be for some, as we have seen, a recipe for disaster. Specifically about Rovers, the Club has now borrowed somewhere approaching £20 million, and here is the rub, had the money been borrowed for capital projects such as for a training ground, a new stadium, or stadium improvements - no problem as that should have improved the value of the Club. But our Club has borrowed money mostly for day to day expenditure, and hence the Club is poorer - I hope you see the difference? I acknowledge that this is a common problem generally among football clubs in this country but just because some do it does not make it right for us to do it too. Especially when interest is added. There are exceptions, of course, where the Club's owners write off the loans, as per in the case of our near neighbours, but in our case the owners have secured the loan, which for them makes sense, but in my view could render our club vulnerable while the Club continues to make losses. I hope I am wrong. But we shareholders will soon find out at the AGM. Yes I agree Knowall. Don’t know much about the detailed finances of us as you do, but being an interest free loan it will effectively be a means to enable clubs to overcome the cash flow problems that arise out of no matches. In other words it will replace the income that won’t be coming from matches. When football does resume clubs will be expected, I presume, to repay the original loan without having to pay interest. As we will have had a long time without football the gates may be quite high and so produce more income than it would have done. Seems a very fair way of doing it and you’d have to be ultra-critical of the EFL to think it wasn’t a sensible move. I’m always very critical of the EFL but on this occasion I think we should give credit where it’s due. UTG!
|
|
|
Post by matealotblue on Mar 19, 2020 19:06:03 GMT
I've gone past the training ground every day this week, and I haven't seen them training once.
Usually I'd see them them in all weather conditions!!
I don't know when they're due back.
Season's been pushed back until the 30th of April now, BBC reported earlier! I can see that happening a few times... www.bbc.co.uk/sport/football/51962751Given that the Government are talking about a 12 week period to “turn the tide” on this thing....how can it be realistic for the footballing powers to even begin to think that 30th April is anywhere near a realistic date?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 19, 2020 19:22:21 GMT
Is Marty McFly playing for us? I wish he was - take us back to some better times. Fire up the Delorean
|
|
|
Post by Topper Gas on Mar 19, 2020 20:52:07 GMT
Sorry to disappoint you Topper, but as the £250,000 is money that will eventually be due to the Club, paying it now is an excellent move and should be applauded - which I do, especially if it allows staff to keep their jobs. The £183,000 is a loan but as it is interest free then it will also be helpful in what are exceptional circumstances.Add the confirmation today that Wael Al-Qadi is to pay staff wages himself this month - also generous, especially if that is also interest free. Perhaps, in view of your comment here and previously, I should explain that my view on our Club's finances is fashioned by the fact that I spent the final 35 years of my business career providing loans. Consequently, I have seen the benefit and negative consequences of what can happen to borrowers, sometimes depending what the money is used for. In the case of football, not just Rovers, but the whole industry, for many years it has become the norm for Clubs to borrow beyond their income which can be for some, as we have seen, a recipe for disaster. Specifically about Rovers, the Club has now borrowed somewhere approaching £20 million, and here is the rub, had the money been borrowed for capital projects such as for a training ground, a new stadium, or stadium improvements - no problem as that should have improved the value of the Club. But our Club has borrowed money mostly for day to day expenditure, and hence the Club is poorer - I hope you see the difference? I acknowledge that this is a common problem generally among football clubs in this country but just because some do it does not make it right for us to do it too. Especially when interest is added. There are exceptions, of course, where the Club's owners write off the loans, as per in the case of our near neighbours, but in our case the owners have secured the loan, which for them makes sense, but in my view could render our club vulnerable while the Club continues to make losses. I hope I am wrong. But we shareholders will soon find out at the AGM. Yes I agree Knowall. Don’t know much about the detailed finances of us as you do, but being an interest free loan it will effectively be a means to enable clubs to overcome the cash flow problems that arise out of no matches. In other words it will replace the income that won’t be coming from matches. When football does resume clubs will be expected, I presume, to repay the original loan without having to pay interest. As we will have had a long time without football the gates may be quite high and so produce more income than it would have done. Seems a very fair way of doing it and you’d have to be ultra-critical of the EFL to think it wasn’t a sensible move. I’m always very critical of the EFL but on this occasion I think we should give credit where it’s due. UTG! According to MS earlier Rovers haven't decided whether they are going to take the interest free loan or not, assuming the ALQ's can already get access to finance at a low interest rate anyway then there maybe no attraction in borrowing from the EFL. The other payment is apparently just the usual monthly payments being made early so won't lead to anymore borrowing.
|
|
|
Post by warehamgas on Mar 19, 2020 22:13:51 GMT
Yes I agree Knowall. Don’t know much about the detailed finances of us as you do, but being an interest free loan it will effectively be a means to enable clubs to overcome the cash flow problems that arise out of no matches. In other words it will replace the income that won’t be coming from matches. When football does resume clubs will be expected, I presume, to repay the original loan without having to pay interest. As we will have had a long time without football the gates may be quite high and so produce more income than it would have done. Seems a very fair way of doing it and you’d have to be ultra-critical of the EFL to think it wasn’t a sensible move. I’m always very critical of the EFL but on this occasion I think we should give credit where it’s due. UTG! According to MS earlier Rovers haven't decided whether they are going to take the interest free loan or not, assuming the ALQ's can already get access to finance at a low interest rate anyway then there maybe no attraction in borrowing from the EFL. The other payment is apparently just the usual monthly payments being made early so won't lead to anymore borrowing. Thanks, I hadn’t listened to him. If we do that then I suppose that’s one of the advantages of having banking owners. But for the vast majority of clubs I’m sure it will be very welcome. UTG!
|
|
|
Post by Icegas on Mar 20, 2020 4:23:30 GMT
I've gone past the training ground every day this week, and I haven't seen them training once.
Usually I'd see them them in all weather conditions!!
I don't know when they're due back.
Season's been pushed back until the 30th of April now, BBC reported earlier! I can see that happening a few times... www.bbc.co.uk/sport/football/51962751Im sorry but when they come back if its in 6/8 time min then then they will need a near full pre season to be able to continute.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 20, 2020 8:58:31 GMT
Im sorry but when they come back if its in 6/8 time min then then they will need a near full pre season to be able to continute. Sheffield United and Rotherham (to name just two) have carried on with full training and were even due to play a full scale practice match behind closed doors yesterday. I would expect our players will be following a programme at home and watching what they eat etc before normal training resumes. The players will still have a good level of fitness when they get the green light to play matches. I don’t agree that a full preseason would be required as it will only be match sharpness missing and everyone will be in the same boat so a level playing field.
|
|
|
Post by knowall on Mar 20, 2020 10:09:35 GMT
Yes I agree Knowall. Don’t know much about the detailed finances of us as you do, but being an interest free loan it will effectively be a means to enable clubs to overcome the cash flow problems that arise out of no matches. In other words it will replace the income that won’t be coming from matches. When football does resume clubs will be expected, I presume, to repay the original loan without having to pay interest. As we will have had a long time without football the gates may be quite high and so produce more income than it would have done. Seems a very fair way of doing it and you’d have to be ultra-critical of the EFL to think it wasn’t a sensible move. I’m always very critical of the EFL but on this occasion I think we should give credit where it’s due. UTG! According to MS earlier Rovers haven't decided whether they are going to take the interest free loan or not, assuming the ALQ's can already get access to finance at a low interest rate anyway then there maybe no attraction in borrowing from the EFL. The other payment is apparently just the usual monthly payments being made early so won't lead to anymore borrowing. I think you miss the point about the interest free loan offered by the EFL, while the Al-Qadi's will have access to low interest rate finance, they charge the Football Club at a premium rate for the money they are lending to us.
|
|
|
Post by darkbluegas on Mar 20, 2020 10:36:20 GMT
Rugby Union have made the sensible decision to pack in the season for all clubs except the premier league. Just sorting what to do with who gets what as a result.
|
|
|
Post by Topper Gas on Mar 20, 2020 11:07:28 GMT
According to MS earlier Rovers haven't decided whether they are going to take the interest free loan or not, assuming the ALQ's can already get access to finance at a low interest rate anyway then there maybe no attraction in borrowing from the EFL. The other payment is apparently just the usual monthly payments being made early so won't lead to anymore borrowing. I think you miss the point about the interest free loan offered by the EFL, while the Al-Qadi's will have access to low interest rate finance, they charge the Football Club at a premium rate for the money they are lending to us. But who owns the club? Not sure 5% is a premium rate, it sounds competitive to me, not Wonga rates like the last board were prepared to accept. Anyway keep up your anti-Wael agenda if it makes you feel better.
|
|
|
Post by knowall on Mar 20, 2020 11:08:10 GMT
Sorry to disappoint you Topper, but as the £250,000 is money that will eventually be due to the Club, paying it now is an excellent move and should be applauded - which I do, especially if it allows staff to keep their jobs. The £183,000 is a loan but as it is interest free then it will also be helpful in what are exceptional circumstances. Add the confirmation today that Wael Al-Qadi is to pay staff wages himself this month - also generous, especially if that is also interest free. Perhaps, in view of your comment here and previously, I should explain that my view on our Club's finances is fashioned by the fact that I spent the final 35 years of my business career providing loans. Consequently, I have seen the benefit and negative consequences of what can happen to borrowers, sometimes depending what the money is used for. In the case of football, not just Rovers, but the whole industry, for many years it has become the norm for Clubs to borrow beyond their income which can be for some, as we have seen, a recipe for disaster. Specifically about Rovers, the Club has now borrowed somewhere approaching £20 million, and here is the rub, had the money been borrowed for capital projects such as for a training ground, a new stadium, or stadium improvements - no problem as that should have improved the value of the Club. But our Club has borrowed money mostly for day to day expenditure, and hence the Club is poorer - I hope you see the difference? I acknowledge that this is a common problem generally among football clubs in this country but just because some do it does not make it right for us to do it too. Especially when interest is added. There are exceptions, of course, where the Club's owners write off the loans, as per in the case of our near neighbours, but in our case the owners have secured the loan, which for them makes sense, but in my view could render our club vulnerable while the Club continues to make losses. I hope I am wrong. But we shareholders will soon find out at the AGM. So how many foreign bank owning "billionaires" did you arrange loans for in your 35 year career? As far as the AGM do you seriously think that's going to take place any time soon given the country is now virtually in lock down. Unsure what you mean by your first sentence and guess you are just being sarcastic? But if you are serious I will just say it is unusual if you do business in America not to meet the very wealthy. As far as the AGM the Club auditors will be required to present Accounts to shareholders on time this year, unlike last year when they were late. And they should, of course, be delivered as usual by post or email to shareholders before the meeting.
|
|
|
Post by knowall on Mar 20, 2020 11:51:09 GMT
I think you miss the point about the interest free loan offered by the EFL, while the Al-Qadi's will have access to low interest rate finance, they charge the Football Club at a premium rate for the money they are lending to us. But who owns the club? Not sure 5% is a premium rate, it sounds competitive to me, not Wonga rates like the last board were prepared to accept. Anyway keep up your anti-Wael agenda if it makes you feel better. Firstly, if you refer back you will find I was critical of the loan the previous Board obtained even though they were under pressure to find one, and 5% is not currently particularly favourable in my view. By the way £20 million at 5% is £1 million. Secondly, I am not anti Wael, I want the best for Bristol Rovers, a Club I have supported for seventy years and there are other options available. You ask 'who owns the Club?' - answer - the shareholders, of which I am just one of many and yes, before you tell me, Dwayne are the major shareholder. Finally, as you seem to have an opinion of me and I am open as to who I am, perhaps you would also divulge who you are, rather than my responding to your avatar?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 20, 2020 12:54:55 GMT
Hot summer in this country? Good luck with that! 22/23C in Wuhan seems to be enough at the moment, similar to our typical summer. Very well researched, I don't think! Temperatures today in Brazil 28, Saudi 29, Australia 29, Thailand 33, India 31, Nigeria 32 just a small selection of hot countries where COVID-19 is spreading. But never mind, when it warms up the UK we'll all be fine!
|
|
|
Post by hardingegas on Mar 21, 2020 23:57:13 GMT
The 2019-20 season must be completed no matter how long it takes.
This might bring into place, for the 2020-21 season, the end of some of the things we all love to hate: transfer windows (which might become unworkable), unwanted Cup competitions (League Cup & EFL Trophy), meaningless international friendlies.
So for a potentially shortened 2020-21 season let's just have League games and the FA Cup.
|
|
|
Post by Topper Gas on Mar 22, 2020 12:01:15 GMT
22/23C in Wuhan seems to be enough at the moment, similar to our typical summer. Very well researched, I don't think! Temperatures today in Brazil 28, Saudi 29, Australia 29, Thailand 33, India 31, Nigeria 32 just a small selection of hot countries where COVID-19 is spreading. But never mind, when it warms up the UK we'll all be fine! www.newscientist.com/article/2233249-will-the-covid-19-coronavirus-outbreak-die-out-in-the-summers-heat/Somethings stopping it spreading in Wuhan at present, if the warmer summer weather doesn't help here then we may as well forget worrying about when Rovers will be back in action.
|
|
|
Post by Westy on Mar 23, 2020 5:07:25 GMT
Very well researched, I don't think! Temperatures today in Brazil 28, Saudi 29, Australia 29, Thailand 33, India 31, Nigeria 32 just a small selection of hot countries where COVID-19 is spreading. But never mind, when it warms up the UK we'll all be fine! www.newscientist.com/article/2233249-will-the-covid-19-coronavirus-outbreak-die-out-in-the-summers-heat/Somethings stopping it spreading in Wuhan at present, if the warmer summer weather doesn't help here then we may as well forget worrying about when Rovers will be back in action. There is only one thing I fear is "stopping" the spread in China... Firing Squad.
|
|
|
Post by Kingswood Polak on Mar 23, 2020 12:26:23 GMT
I've gone past the training ground every day this week, and I haven't seen them training once.
Usually I'd see them them in all weather conditions!!
I don't know when they're due back.
Season's been pushed back until the 30th of April now, BBC reported earlier! I can see that happening a few times... www.bbc.co.uk/sport/football/51962751I can’t see it resuming at all. This virus can carry on until a vaccine is available. We can lockdown but then be exposed to it all over again. Lockdown will buy the hospitals time but it won’t stop it. It’s a case of trying to manage it, that’s how I see it. People will revolt after a short while, it’s just human nature. sh** just got real
|
|
|
Post by Kingswood Polak on Mar 23, 2020 12:34:28 GMT
Very well researched, I don't think! Temperatures today in Brazil 28, Saudi 29, Australia 29, Thailand 33, India 31, Nigeria 32 just a small selection of hot countries where COVID-19 is spreading. But never mind, when it warms up the UK we'll all be fine! www.newscientist.com/article/2233249-will-the-covid-19-coronavirus-outbreak-die-out-in-the-summers-heat/Somethings stopping it spreading in Wuhan at present, if the warmer summer weather doesn't help here then we may as well forget worrying about when Rovers will be back in action. Do you believe any news that comes out of China , really ?
|
|