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Post by gashead79 on Apr 13, 2023 21:00:00 GMT
I am guessing this refers to HB saying that the club didn't respond, but this was due to an incorrect email address being used? Does that deserve an apology? It's sorted now so its all good surely? Or not? If I stated that someone hadn’t responded to correspondence, then realised that they hadn’t in fact received that correspondence, I would apologise. Everone is different I suppose. As I previously said very good news. That's fair enough. Where my pov differs, is that HB originally said that "the family" hadn't had a response. Also, regardless of one's own feeling on the situation, I just thought it ott to suggest someone on a forum should apologise for something so trivial. But as you've said, we're all different! Cheers ofid 👍🏼 |
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Post by darkbluegas on Apr 13, 2023 21:59:25 GMT
Yes he's built us a new training ground Yes he's cleared all our debts Yes he's on his way to delivering us a new stadium But apart from that, what has Wael ever done for us? I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. |
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Post by gulfofaden on Apr 14, 2023 4:38:58 GMT
Yes he's built us a new training ground Yes he's cleared all our debts Yes he's on his way to delivering us a new stadium But apart from that, what has Wael ever done for us? I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. If I take your rather uncharitable way of describing it, he’s converted his own debt to equity. Wael runs a football club which we support, therefore we have an interest in its health and virility. In the final analysis everything he does is for him, it’s his club. “It’s strange when we say Wael won us a promotion with a good L2 budget. It’s his club” Similarly I assume if he gets us relegated then it’s nothing to do with us, it’s his club, not ours. Wael has taken 20+ million and paid off certainties for uncertain returns. Anyone with half a brain can see the immense benefit of this. The club wasn’t discounted as you say either. Clubs aren’t valued like that, a loss making club with 20M debts has only a goodwill value. It was probably valued at £1 when he bought it but I doubt he paid £1 for it |
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Post by The Equaliser on Apr 14, 2023 4:48:24 GMT
Yes he's built us a new training ground Yes he's cleared all our debts Yes he's on his way to delivering us a new stadium But apart from that, what has Wael ever done for us? I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. Surely you realise running a football club is completely different to running a normal business don’t you? |
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Post by oldie on Apr 14, 2023 7:48:00 GMT
I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. Surely you realise running a football club is completely different to running a normal business don’t you? That old chestnut |
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trueblur4u
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Post by trueblur4u on Apr 14, 2023 8:39:53 GMT
As Al Quadi chose to be owner of Bristol Rovers, isn't it only natural that he should be helping to clear the club's debt?
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Post by dudelebowski on Apr 14, 2023 8:47:05 GMT
As Al Quadi chose to be owner of Bristol Rovers, isn't it only natural that he should be helping to clear the club's debt? By helping I assume you mean solely responsible😄Though it doesnt mean anyone should be any less thankful, if WAQ didn’t choose to be owner of BRFC we’d most likely be back playing National League football or a lot worse. |
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trueblur4u
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Post by trueblur4u on Apr 14, 2023 8:54:53 GMT
I most certainly appreciate what our owner has/is doing for the club. Just feel he has a financial responsibility that goes with the undertaking!
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Post by darkbluegas on Apr 14, 2023 9:00:42 GMT
I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. If I take your rather uncharitable way of describing it, he’s converted his own debt to equity. Wael runs a football club which we support, therefore we have an interest in its health and virility. In the final analysis everything he does is for him, it’s his club. “It’s strange when we say Wael won us a promotion with a good L2 budget. It’s his club” Similarly I assume if he gets us relegated then it’s nothing to do with us, it’s his club, not ours. Wael has taken 20+ million and paid off certainties for uncertain returns. Anyone with half a brain can see the immense benefit of this. The club wasn’t discounted as you say either. Clubs aren’t valued like that, a loss making club with 20M debts has only a goodwill value. It was probably valued at £1 when he bought it but I doubt he paid £1 for it Ive just never really understood this about football fans saying it's a different type of business. Fans invest emotionally in something they generally have zero control over. At one end of the scale in our competitive game you have state run clubs and stock market listed clubs at the other end community owned clubs. Wael did of course pay a price that reflected it's financial state. Which was discounted against the price he would have paid for a solvent club. If in time his investment proves to be financially astute and the club becomes solvent he will be able to sell it at a profit which I doubt he will be sharing with the fans.nor should he of course. He took the risk I suppose the point I was making we need to be mindful of the illusion of "Our Club". Other than paying to go to games I don't see any influence we have in the clubs direction. Only time will tell whether the decisions made now will see the club with a long term future. However ultimately that's nothing to do with us |
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Post by dudelebowski on Apr 14, 2023 9:01:22 GMT
I most certainly appreciate what our owner has/is doing for the club. Just feel he has a financial responsibility that goes with the undertaking! Unfortunately there are some in the ‘fanbase’ that still take him for granted and/or do not appreciate exactly what he has done and continues to do for us. I don’t believe WAQ even wants or looks for any kind of praise, I think it’s just more a case of “stop being a pack of ungrateful p ricks” 😄 |
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Post by amgas on Apr 14, 2023 9:24:19 GMT
Excellent update - we would all like things to progress faster, but I think there is no doubt Wael is doing a good job with the resources he has. He is always approachable when I have seen him at games and is a genuine Gashead. Unless you have Lansdown levels of money to throw at things it is hard to see how he could have done much more. Updates have been a bit thin on the ground but hopefully he keeps writing pieces like this as we all appreciate the openness even if the news is not always good.
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Post by gashead1981 on Apr 14, 2023 9:58:15 GMT
Yes he's built us a new training ground Yes he's cleared all our debts Yes he's on his way to delivering us a new stadium But apart from that, what has Wael ever done for us? I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. You're incorrect here DBG, he clears or pays off the clubs debts. The losses that are run up aren't personal self indulgent purchases that he's allowing the club to purchase on his behalf, so they aren't his personal debts. Also the company makes losses for a specific reason, like insufficient infrastructure, but it would be a good company should it have it, so whilst Wael may choose to run the company at a loss, its with a long term vision of eventually growing the business so it is profitable or for future sale profit. If Wael chooses to, he could allow the club to run into debt and not pay it off or capitalise the shares, eg, Steve Lansdown at BC, but that could pose problems with credit facilities to suppliers or credit companies should we want to borrow money for whatever reason especially if you don't have physical asset security to borrow against. If you buy a company for a £1, but that company has £12m in debts, you in effect pay £12m for it, because those debts will have to be settled eventually and all you are doing is becoming the guarantor for those debts to prevent the company from entering administration. You can do that by injecting cash, paying off the debts and capitalising the shares or by putting the company into administration, purchasing the assets and pheonixing the company (which presents another set of challenges as BCFC found out in 1982). |
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Deleted
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Post by Deleted on Apr 14, 2023 22:30:02 GMT
I always think its weird when people say he's cleared out debts when talking about club owners. What he's actually done is cleared his own debts. He runs a company and his decisions leda to that company making a loss. So when he clears them he's clearing his own debts. If he bought the business that had debts he bought the company at a discount to the price it would achieve if solvent. You're incorrect here DBG, he clears or pays off the clubs debts. The losses that are run up aren't personal self indulgent purchases that he's allowing the club to purchase on his behalf, so they aren't his personal debts. Also the company makes losses for a specific reason, like insufficient infrastructure, but it would be a good company should it have it, so whilst Wael may choose to run the company at a loss, its with a long term vision of eventually growing the business so it is profitable or for future sale profit. If Wael chooses to, he could allow the club to run into debt and not pay it off or capitalise the shares, eg, Steve Lansdown at BC, but that could pose problems with credit facilities to suppliers or credit companies should we want to borrow money for whatever reason especially if you don't have physical asset security to borrow against. If you buy a company for a £1, but that company has £12m in debts, you in effect pay £12m for it, because those debts will have to be settled eventually and all you are doing is becoming the guarantor for those debts to prevent the company from entering administration. You can do that by injecting cash, paying off the debts and capitalising the shares or by putting the company into administration, purchasing the assets and pheonixing the company (which presents another set of challenges as BCFC found out in 1982). Weird to use Lansdown as an example. I think you’ll find he converts debt to shares often. |
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Post by gashead1981 on Apr 15, 2023 8:55:11 GMT
You're incorrect here DBG, he clears or pays off the clubs debts. The losses that are run up aren't personal self indulgent purchases that he's allowing the club to purchase on his behalf, so they aren't his personal debts. Also the company makes losses for a specific reason, like insufficient infrastructure, but it would be a good company should it have it, so whilst Wael may choose to run the company at a loss, its with a long term vision of eventually growing the business so it is profitable or for future sale profit. If Wael chooses to, he could allow the club to run into debt and not pay it off or capitalise the shares, eg, Steve Lansdown at BC, but that could pose problems with credit facilities to suppliers or credit companies should we want to borrow money for whatever reason especially if you don't have physical asset security to borrow against. If you buy a company for a £1, but that company has £12m in debts, you in effect pay £12m for it, because those debts will have to be settled eventually and all you are doing is becoming the guarantor for those debts to prevent the company from entering administration. You can do that by injecting cash, paying off the debts and capitalising the shares or by putting the company into administration, purchasing the assets and pheonixing the company (which presents another set of challenges as BCFC found out in 1982). Weird to use Lansdown as an example. I think you’ll find he converts debt to shares often. He also leaves lots of losses in the entities of Pula Sports, the stadium and the football club. |
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