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Post by chewbacca on Dec 1, 2020 15:50:31 GMT
Maybe I am naive or maybe it is because I am not a share scheme shareholder, but who says it hasn’t been done? We only have your word? Companies House and all of the statements / communications from the club say it has? If it is the physical share certificate then it could be that it is just you that hasn’t received it? Re asking the question, it is the Company Secretaries role to process the paperwork and you have asked them the question but not got a reply? If that’s the case your issue is with them as it’s their job ! You should chase them up! Also when and how did you ask? For a significant period non essential businesses were closed and staff furloughed with the rules of furlough meaning no work can be done in that period. I have no idea whether they fall into that camp or not but it might well explain the lack of action. It seems to me that it is you / G.I that have the concern so it should be your responsibility to ask Martyn, Tommy and Wael as Directors for an answer as being shareholders it is your right. I can’t understand why you’re asking other people to do that for you? And rather than come on here and scaremonger with assumptions and speculation, why not wait until you get your response and post that or post what the real issue is for you which is you were expecting something to be done by now, haven’t had your own personal confirmation yet, have asked a question and not received a reply - poor customer service but in a Covid-19 impacted world, probably explainable.... This is what frustrates me about you and G.I. ...... you post snippets or assumptions or speculation which may have some substance but you don’t know for fact, you dress it up as factual and generally always to have a go at the board? I have no idea what the board or Wael have done to you for your dis trust? From my viewpoint (which might be wrong) all I can see is Wael having done everything he has ever said he would? Might be a bit slower than fans would like but it’s still been done and I see no reason to not trust him?? Maybe you and GI can explain what they haven’t (backed factually rather than speculatively) done or what your reasons are for distrusting them so much? Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. I was pretty scathing in my criticism of Al Qadi Ownership v1.0, it seemed to lack any real plan or idea of what to do to move the club forward. The Al Qadi Ownership v2.0 has already been a lot more productive with the training ground a great start. With regards to the debt, I imagine there might be a bit of deal cutting around with the family. Complete conjecture but seems like it could potentially be the case. With regards to all owners I'll give them a clean slate and as this is v2.0 he has that. The clock however is ticking and the longer this issue goes on the more the questions will build.
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Post by Deleted on Dec 1, 2020 20:51:18 GMT
Maybe I am naive or maybe it is because I am not a share scheme shareholder, but who says it hasn’t been done? We only have your word? Companies House and all of the statements / communications from the club say it has? If it is the physical share certificate then it could be that it is just you that hasn’t received it? Re asking the question, it is the Company Secretaries role to process the paperwork and you have asked them the question but not got a reply? If that’s the case your issue is with them as it’s their job ! You should chase them up! Also when and how did you ask? For a significant period non essential businesses were closed and staff furloughed with the rules of furlough meaning no work can be done in that period. I have no idea whether they fall into that camp or not but it might well explain the lack of action. It seems to me that it is you / G.I that have the concern so it should be your responsibility to ask Martyn, Tommy and Wael as Directors for an answer as being shareholders it is your right. I can’t understand why you’re asking other people to do that for you? And rather than come on here and scaremonger with assumptions and speculation, why not wait until you get your response and post that or post what the real issue is for you which is you were expecting something to be done by now, haven’t had your own personal confirmation yet, have asked a question and not received a reply - poor customer service but in a Covid-19 impacted world, probably explainable.... This is what frustrates me about you and G.I. ...... you post snippets or assumptions or speculation which may have some substance but you don’t know for fact, you dress it up as factual and generally always to have a go at the board? I have no idea what the board or Wael have done to you for your dis trust? From my viewpoint (which might be wrong) all I can see is Wael having done everything he has ever said he would? Might be a bit slower than fans would like but it’s still been done and I see no reason to not trust him?? Maybe you and GI can explain what they haven’t (backed factually rather than speculatively) done or what your reasons are for distrusting them so much? Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. Stop wasting your time Swissgas, nobody cares.
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Post by horfield on Dec 2, 2020 10:12:12 GMT
We will all care if the organisation holding the charge on the Mem exercises it.
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Post by stuart1974 on Dec 2, 2020 10:33:29 GMT
We will all care if the organisation holding the charge on the Mem exercises it. Depends on the circumstances and whether the Charge is held by the owner of the club or a third party.
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Post by chewbacca on Dec 2, 2020 10:37:55 GMT
Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. Stop wasting your time Swissgas, nobody cares. Well, I do...
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Post by LJG on Dec 2, 2020 10:49:10 GMT
Maybe I am naive or maybe it is because I am not a share scheme shareholder, but who says it hasn’t been done? We only have your word? Companies House and all of the statements / communications from the club say it has? If it is the physical share certificate then it could be that it is just you that hasn’t received it? Re asking the question, it is the Company Secretaries role to process the paperwork and you have asked them the question but not got a reply? If that’s the case your issue is with them as it’s their job ! You should chase them up! Also when and how did you ask? For a significant period non essential businesses were closed and staff furloughed with the rules of furlough meaning no work can be done in that period. I have no idea whether they fall into that camp or not but it might well explain the lack of action. It seems to me that it is you / G.I that have the concern so it should be your responsibility to ask Martyn, Tommy and Wael as Directors for an answer as being shareholders it is your right. I can’t understand why you’re asking other people to do that for you? And rather than come on here and scaremonger with assumptions and speculation, why not wait until you get your response and post that or post what the real issue is for you which is you were expecting something to be done by now, haven’t had your own personal confirmation yet, have asked a question and not received a reply - poor customer service but in a Covid-19 impacted world, probably explainable.... This is what frustrates me about you and G.I. ...... you post snippets or assumptions or speculation which may have some substance but you don’t know for fact, you dress it up as factual and generally always to have a go at the board? I have no idea what the board or Wael have done to you for your dis trust? From my viewpoint (which might be wrong) all I can see is Wael having done everything he has ever said he would? Might be a bit slower than fans would like but it’s still been done and I see no reason to not trust him?? Maybe you and GI can explain what they haven’t (backed factually rather than speculatively) done or what your reasons are for distrusting them so much? Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. Yeah but we all know your track record on being able to accurately collect and interpret Companies House records - a 100% strike out rate so far. How much debt is being capitalised anyway? Not £24m is it?
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Post by phillistine on Dec 2, 2020 11:05:39 GMT
Well Rovers aren't a listed company, so they can behave in whatever way suits them, react to whatever the world does and by rights, and technically, we have no business to ask why. Only the nature of the business means we actually get any information from the board of directors. So fans have no choice other than to have faith that the owners act in the best interests of the club. Evidence is that Wael does what he says he is going to do. The evidence is that sometimes he doesn't do things as quickly as us fans would like. So I have no reason to disbelieve he won't do what he says at this stage. All I will say is a man who has put the likely sum of about £4m into a training complex for us is serious about us as a club. You say that its a quandary with serious implications that you write with such inflamed passion about it on both forums.. Now I admit, finance, or rather the deep intricacies of accounting finance where capitalisation of debt is concerned is not my speciality, and its likely not the speciality of most of the people here I would assume, but if its so serious that you need to write about it on a fans forum in a tone where we all need to be concerned about it, then surely the best way is that you take what would be 5 mins out of your day and repeat the question to Wael or Martyn via an email or social media direct message? Then you can post the reply on here as well? That way you get the transparency you were after, an answer to a question and then we can really see the positives or negatives in what would be a proper context. Especially when you have been banging this same drum for months on the other forum too. Why haven't you raised it in all that time? Or you can do a gasincider, which is to light a blue touch paper with half of a snippet of knowledge on a subject and retire for others to speculate, which is what you have done so far on both forums and a typical behavioural trait of a forum troll. This statement, made by the club on July 8th, is plainly and simply wrong. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ My point applies in all walks of life not just in business and finance. If you say you have done something and it is later discovered that you actually haven’t done it then people will lose confidence in you. As a small shareholder I was entitled to ask the company secretaries Taylor Wessing why the share issue to clear the debt owed to Dwane Sports Ltd had not gone ahead but they didn’t reply. Please excuse my ignorance of certain things but when i look at the charge that Dwane Sports have over Bristol Rovers 1983 Ltd it is for a loan facility up to £10 million. it was originally put in place to provide working capital shortly aftet the family became involved. This made me wonder if it is still being maintained for the same reason - ie to provide working capital at a time when debts must be spiralling. Wael talked of additional share issue but he didnt mention that they would be in BR 1883 Ltd. We can't look at the dealings of Dawne Sports Ltd because that is registered in Jersey but might it be that the shares were issued in that company as the debts were to them. If the shareholding in 1883 had been diluted then the supporters clubs would have needed to sanction this and we know that their relationship with Wael was like just prior to the news. i do not know any of the answers but just raise the questions as i know from my own experience that there is usually a reason that things happen as they do
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Post by LJG on Dec 2, 2020 12:03:47 GMT
This statement, made by the club on July 8th, is plainly and simply wrong. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ My point applies in all walks of life not just in business and finance. If you say you have done something and it is later discovered that you actually haven’t done it then people will lose confidence in you. As a small shareholder I was entitled to ask the company secretaries Taylor Wessing why the share issue to clear the debt owed to Dwane Sports Ltd had not gone ahead but they didn’t reply. Please excuse my ignorance of certain things but when i look at the charge that Dwane Sports have over Bristol Rovers 1983 Ltd it is for a loan facility up to £10 million. it was originally put in place to provide working capital shortly aftet the family became involved. This made me wonder if it is still being maintained for the same reason - ie to provide working capital at a time when debts must be spiralling. Wael talked of additional share issue but he didnt mention that they would be in BR 1883 Ltd. We can't look at the dealings of Dawne Sports Ltd because that is registered in Jersey but might it be that the shares were issued in that company as the debts were to them. If the shareholding in 1883 had been diluted then the supporters clubs would have needed to sanction this and we know that their relationship with Wael was like just prior to the news. i do not know any of the answers but just raise the questions as i know from my own experience that there is usually a reason that things happen as they do All good questions. And a very good point that, of course the issue of shares by Dwayne Sports won't be available to view on Companies House because they are not registered here. Surely Swiss and GI haven't got a complete fundamental totally wrong again have they? One that creates a narrative that just isn't there ... like the £24m debt ...
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Post by peterparker on Dec 2, 2020 12:59:36 GMT
We will all care if the organisation holding the charge on the Mem exercises it. yes and no. The charge is merely a protection to the debtor. Even without a charge there is/was nothing stopping the Al-Qadi's as owners selling The Mem if they wanted there money back and killing the club
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Post by phillistine on Dec 2, 2020 13:48:28 GMT
it is also worth mentioning that Dwane Sports is registered in Jersey for a reason. Maybe it is easier to move funds from Jordan to Jersey, maybe it is more tax efficient to do so and keep the funds on that island.As long as the facility in the UK continues to be guaranteed by the Jersey Company then maybe we should just assume that Waei is acting as his experts suggest. Someone could of course ask him rather than undermine his credibility in a public place. He might not answer but he seems like a fairly open guy - as much as you can be running a major financial institution - so maybe he will explain
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Post by RD on Dec 2, 2020 15:47:50 GMT
This statement, made by the club on July 8th, is plainly and simply wrong. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ My point applies in all walks of life not just in business and finance. If you say you have done something and it is later discovered that you actually haven’t done it then people will lose confidence in you. As a small shareholder I was entitled to ask the company secretaries Taylor Wessing why the share issue to clear the debt owed to Dwane Sports Ltd had not gone ahead but they didn’t reply. Maybe I am naive or maybe it is because I am not a share scheme shareholder, but who says it hasn’t been done? We only have your word? Companies House and all of the statements / communications from the club say it has? If it is the physical share certificate then it could be that it is just you that hasn’t received it? Re asking the question, it is the Company Secretaries role to process the paperwork and you have asked them the question but not got a reply? If that’s the case your issue is with them as it’s their job ! You should chase them up! Also when and how did you ask? For a significant period non essential businesses were closed and staff furloughed with the rules of furlough meaning no work can be done in that period. I have no idea whether they fall into that camp or not but it might well explain the lack of action. It seems to me that it is you / G.I that have the concern so it should be your responsibility to ask Martyn, Tommy and Wael as Directors for an answer as being shareholders it is your right. I can’t understand why you’re asking other people to do that for you? And rather than come on here and scaremonger with assumptions and speculation, why not wait until you get your response and post that or post what the real issue is for you which is you were expecting something to be done by now, haven’t had your own personal confirmation yet, have asked a question and not received a reply - poor customer service but in a Covid-19 impacted world, probably explainable.... This is what frustrates me about you and G.I. ...... you post snippets or assumptions or speculation which may have some substance but you don’t know for fact, you dress it up as factual and generally always to have a go at the board? I have no idea what the board or Wael have done to you for your dis trust? From my viewpoint (which might be wrong) all I can see is Wael having done everything he has ever said he would? Might be a bit slower than fans would like but it’s still been done and I see no reason to not trust him?? Maybe you and GI can explain what they haven’t (backed factually rather than speculatively) done or what your reasons are for distrusting them so much? *** Gives standing ovation ***
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Post by RD on Dec 2, 2020 15:51:58 GMT
Maybe I am naive or maybe it is because I am not a share scheme shareholder, but who says it hasn’t been done? We only have your word? Companies House and all of the statements / communications from the club say it has? If it is the physical share certificate then it could be that it is just you that hasn’t received it? Re asking the question, it is the Company Secretaries role to process the paperwork and you have asked them the question but not got a reply? If that’s the case your issue is with them as it’s their job ! You should chase them up! Also when and how did you ask? For a significant period non essential businesses were closed and staff furloughed with the rules of furlough meaning no work can be done in that period. I have no idea whether they fall into that camp or not but it might well explain the lack of action. It seems to me that it is you / G.I that have the concern so it should be your responsibility to ask Martyn, Tommy and Wael as Directors for an answer as being shareholders it is your right. I can’t understand why you’re asking other people to do that for you? And rather than come on here and scaremonger with assumptions and speculation, why not wait until you get your response and post that or post what the real issue is for you which is you were expecting something to be done by now, haven’t had your own personal confirmation yet, have asked a question and not received a reply - poor customer service but in a Covid-19 impacted world, probably explainable.... This is what frustrates me about you and G.I. ...... you post snippets or assumptions or speculation which may have some substance but you don’t know for fact, you dress it up as factual and generally always to have a go at the board? I have no idea what the board or Wael have done to you for your dis trust? From my viewpoint (which might be wrong) all I can see is Wael having done everything he has ever said he would? Might be a bit slower than fans would like but it’s still been done and I see no reason to not trust him?? Maybe you and GI can explain what they haven’t (backed factually rather than speculatively) done or what your reasons are for distrusting them so much? Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. Whatever - you might be able to pull the wool over some people's eyes, but some of us are intelligent enough to see the enormous fishing rod you're holding. You're perfectly entitled to have your doubts, but posting them on here without being certain is sh** stirring - nothing more, nothing less. Until the club confirm your suspicions, it's entirely possible the debt has in fact been paid off. Hence the decent thing to have done, would have been to have kept your concerns to yourself, until officially confirmed.
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Post by phillistine on Dec 2, 2020 18:51:46 GMT
Thanks for a very reasoned response but what I have posted is fact. Companies House records show that the Dwane Sports loan to BRFC 1883 Ltd has not been capitalised and so the debt has not been paid off. I am deliberately not speculating on the reason for this but instead saying it is in Rovers and Wael's best interests that the issue is clarified. Gasheads may choose to take everything at face value and put infinite trust in our leaders but I would contend that this attitude is one of the reasons Rovers are being left behind while other clubs progress. We turn a blind eye to mistakes and inconsistencies hoping the issues will go away but that, putting it bluntly, is a losing mentality. Companies House does not show that at all. it merely states that there is a facility in place which is protected by the charge. the original debt may have been paid off and this just remains in place so that the club have immeditae access to a £10 million loan through this difficlt trading period. One has a bank overdraft but you dont have to use it. you may choose to keep it as a safeguard - this is the same and its existance is irrelevant whilst Wael is bankrolling the club
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Post by swissgas on Dec 2, 2020 21:22:55 GMT
Companies House does not show that at all. it merely states that there is a facility in place which is protected by the charge. the original debt may have been paid off and this just remains in place so that the club have immeditae access to a £10 million loan through this difficlt trading period. One has a bank overdraft but you dont have to use it. you may choose to keep it as a safeguard - this is the same and its existance is irrelevant whilst Wael is bankrolling the club I think you have misunderstood the issue I highlighted. In June there was great euphoria when Wael announced he had paid off the debts and on July 8th this statement was made by the club. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ Most of the debt owed to BRFC (1883) Limited by BRFC Ltd was duly capitalised by a share allotment which was filed at Companies House on July 6th. But the debt owed to Dwane Sports Ltd by BRFC (1883) Limited has not been capitalised otherwise the share allotment would have been filed at Companies House which is a legal requirement within 30 days of the allotment being made. If you say you have done something but it is then discovered you haven't done it then the best policy is always to address the issue not rely on people forgetting about it. Gasheads are very loyal to Rovers owners but outsiders won't necessarily look at this issue in the same way and since we are going to need outsiders help it's important to make sure they have confidence that the club operates in a straightforward manner.
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Post by seanclevedongas on Dec 2, 2020 21:26:03 GMT
Companies House does not show that at all. it merely states that there is a facility in place which is protected by the charge. the original debt may have been paid off and this just remains in place so that the club have immeditae access to a £10 million loan through this difficlt trading period. One has a bank overdraft but you dont have to use it. you may choose to keep it as a safeguard - this is the same and its existance is irrelevant whilst Wael is bankrolling the club I think you have misunderstood the issue I highlighted. In June there was great euphoria when Wael announced he had paid off the debts and on July 8th this statement was made by the club. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ Most of the debt owed to BRFC (1883) Limited by BRFC Ltd was duly capitalised by a share allotment which was filed at Companies House on July 6th. But the debt owed to Dwane Sports Ltd by BRFC (1883) Limited has not been capitalised otherwise the share allotment would have been filed at Companies House which is a legal requirement within 30 days of the allotment being made. If you say you have done something but it is then discovered you haven't done it then the best policy is always to address the issue not rely on people forgetting about it. Gasheads are very loyal to Rovers owners but outsiders won't necessarily look at this issue in the same way and since we are going to need outsiders help it's important to make sure they have confidence that the club operates in a straightforward manner. we may as well dig up the Mem pitch too and start growing vegetables
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Post by swissgas on Dec 2, 2020 21:30:29 GMT
I think you have misunderstood the issue I highlighted. In June there was great euphoria when Wael announced he had paid off the debts and on July 8th this statement was made by the club. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ Most of the debt owed to BRFC (1883) Limited by BRFC Ltd was duly capitalised by a share allotment which was filed at Companies House on July 6th. But the debt owed to Dwane Sports Ltd by BRFC (1883) Limited has not been capitalised otherwise the share allotment would have been filed at Companies House which is a legal requirement within 30 days of the allotment being made. If you say you have done something but it is then discovered you haven't done it then the best policy is always to address the issue not rely on people forgetting about it. Gasheads are very loyal to Rovers owners but outsiders won't necessarily look at this issue in the same way and since we are going to need outsiders help it's important to make sure they have confidence that the club operates in a straightforward manner. we may as well dig up the Mem pitch too and start growing vegetables Not at all, Rovers can get out of this mess but we have to stop making these highly predictable mistakes both on the business side and on the football side of the club.
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Post by seanclevedongas on Dec 2, 2020 22:07:38 GMT
we may as well dig up the Mem pitch too and start growing vegetables Not at all, Rovers can get out of this mess but we have to stop making these highly predictable mistakes both on the business side and on the football side of the club. Sorry CH you missed the point of my post
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Post by Topper Gas on Dec 2, 2020 22:21:03 GMT
we may as well dig up the Mem pitch too and start growing vegetables Not at all, Rovers can get out of this mess but we have to stop making these highly predictable mistakes both on the business side and on the football side of the club. That's assuming the club have made a mistake and there's not a plausible explanation that so far they've chosen not to share with you.
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Post by swissgas on Dec 2, 2020 22:40:45 GMT
Not at all, Rovers can get out of this mess but we have to stop making these highly predictable mistakes both on the business side and on the football side of the club. Sorry CH you missed the point of my post After I posted I thought that might be the case But I’d just logged on and read the end of the match day thread and thought some fans might appreciate a message of hope before they jumped out of the upstairs window.
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Post by Deleted on Dec 2, 2020 23:52:42 GMT
I think you have misunderstood the issue I highlighted. In June there was great euphoria when Wael announced he had paid off the debts and on July 8th this statement was made by the club. “Following the recent Open Letter from Club President, Wael Al Qadi, the Club can confirm that the process of appointing the new Directors and capitalising the debt owed to Dwane Sports has been formally processed on Companies House. In total, club debt totalling £16.4m has been capitalised through the issue of new shares by Bristol Rovers (1883) Limited and £18.4m of debt between Bristol Rovers (1883) Limited and Dwane Sports Limited has also been eliminated by a similar share issue. “ Most of the debt owed to BRFC (1883) Limited by BRFC Ltd was duly capitalised by a share allotment which was filed at Companies House on July 6th. But the debt owed to Dwane Sports Ltd by BRFC (1883) Limited has not been capitalised otherwise the share allotment would have been filed at Companies House which is a legal requirement within 30 days of the allotment being made. If you say you have done something but it is then discovered you haven't done it then the best policy is always to address the issue not rely on people forgetting about it. Gasheads are very loyal to Rovers owners but outsiders won't necessarily look at this issue in the same way and since we are going to need outsiders help it's important to make sure they have confidence that the club operates in a straightforward manner. we may as well dig up the Mem pitch too and start growing vegetables The Vegetables are fine as they are, running around for 90 minutes every home game.
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