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Post by yattongas on Aug 1, 2023 9:41:22 GMT
I was in Interlaken last yr for this , watched really good parade go through the town . 😃 We Swiss don't do things by half's, hope you enjoyed Interlaken, and you've got over the prices there. UTG The Lidl had Waitrose prices ! 😂
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Post by Deleted on Aug 1, 2023 9:46:57 GMT
Anyone else holding their excitement for a bit until we find out more about the new investor/owner? Feels like when Wael and family took over it was pretty easy to see where the wealth came from and who they were etc. Anyone managed to find anything on this guy? (Apologies if already mentioned) Yes. Once bitten twice shy and all that. Whilst I feel this could be a good thing for BRFC I’m withholding high celebrations of joy until we can find out who exactly the fella is that’s going to effectively own somewhere in the region of 51-55% of Bristol Rovers
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Post by axegas on Aug 1, 2023 9:48:40 GMT
I'm a bit anxious about this. Could be a very very good thing for the club, could be a total disaster. Plenty of cautionary tales of unknown foreign businessmen taking ownership of clubs in the EFL.
Wael probably can't sustain the financial losses forever and we probably do need outside investment to ensure projects like the FM and stage 2 of the quarters get over the line.
I just hope Wael has done his due dillegence, he loves the club and has it's best interests at heart so there's no reason to think he hasn't.
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Post by fatherbrown on Aug 1, 2023 9:53:42 GMT
When I was at Peterbrough station a few years ago I couldn't understand all these men dressed in robes with tea towels on their heads, realised later Newcastle were in London and they had been bought out by the Saudis, I hope we don't start dressing up like they did if we do get taken over, I'd rather stick with my lederhosen.
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Post by Deleted on Aug 1, 2023 9:53:43 GMT
I'm a bit anxious about this. Could be a very very good thing for the club, could be a total disaster. Plenty of cautionary tales of unknown foreign businessmen taking ownership of clubs in the EFL.
Wael probably can't sustain the financial losses forever and we probably do need outside investment to ensure projects like the FM and stage 2 of the quarters get over the line.
I just hope Wael has done his due dillegence, he loves the club and has it's best interests at heart so there's no reason to think he hasn't. Me too. On consideration though i think its clear Wael has been seeking additional financial support for a long time. Remember tales of adverts in Middle Eastern publications etc touting the club around. Seems like a few people/investment groups have been considered. Fingers crossed this guy (and his entourage) are the right choice.
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Post by richie on Aug 1, 2023 9:55:44 GMT
I think this has always been the plan for Wael, unsurprisingly given his former / family profession. I expect the reason he has invested above and beyond throughout the previous years is not just a love of the club, but to increase its value for this kind of equity raise to take place. He will benefit financially from the sale of those shares so not completely selfless and probably more than recoups his losses (total guess though). However, what is interesting is his determination to stay involved in a big way. Clearly he does want to be here and wants to play a part. Whether that’s an ego boost, or through love of the club, it’s probably a little of both. But having someone we already know and trust involved, as a bit of a link between the money men and the club, can only be a good thing imo. It will be interesting to learn more about what kind of wealth the new investors have. If I were a betting man I’d suggest they are gonna be pretty minted! I doubt he will even get his money back. He paid off around £20 million of debts and the debts would have built up again since then. Say it's around £25-30 million now, plus what he paid for the club in the first place. Is anyone paying more than that much for a 55% stake. If we build the fruit market, he might get his money back long term, but I doubt he will get anything near that at the moment. No owner in football gets their money back, for him its about building a legacy
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Post by TAGas on Aug 1, 2023 10:02:46 GMT
Interesting times, if it isnt alway being a Gashead. Combined wealth, whatever that is, can't be bad to support the club. Be nice to hear from Wael, surely they could interview him and post on the club's website. A bit about the investment and the FM etc. Enjoying reading the Ted's schoolgirl type bitchy comments on their dedication thread. All very funny. Forgot about their thread. This news should give them another 500 pages. I would have a bet that the Ted's can't go a whole week without posting on it 🤡
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Post by kruger on Aug 1, 2023 10:06:42 GMT
Right now I'm more interested in what the hell is going on with this stand
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Post by Qatar Gas on Aug 1, 2023 10:13:39 GMT
Could be a very very good thing for the club, could be a total disaster. Plenty of cautionary tales of unknown foreign businessmen taking ownership of clubs in the EFL. I suppose with Weal still having a decent stake in the club (and possibly still the main face of the club) I hope that would help ease fears as opposed to this unknown entity buying the whole club and Weal disappearing.
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Post by amgas on Aug 1, 2023 10:15:29 GMT
Might be wrong but I thought that was under Higgs
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Post by Topper Gas on Aug 1, 2023 10:17:49 GMT
Could be a very very good thing for the club, could be a total disaster. Plenty of cautionary tales of unknown foreign businessmen taking ownership of clubs in the EFL. I suppose with Weal still having a decent stake in the club (and possibly still the main face of the club) I hope that would help ease fears as opposed to this unknown entity buying the whole club and Weal disappearing. The worry is that he's no longer the main shareholder and it would be fairly easy for the new owners to just buy him out in the future. The other concern is this guy seems a complete unknown entity, unless he's just a front for another investor? Perhaps we'll get more information once the EFL rarifies the changes.
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Post by Gasshole on Aug 1, 2023 10:26:32 GMT
Right now I'm more interested in what the hell is going on with this stand Triple decker , with a walk through urinal stretching the full length of Alton Rd
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Post by daniel300380 on Aug 1, 2023 10:27:30 GMT
Right now I'm more interested in what the hell is going on with this stand We are awaiting for the council to get their act together. The long term future of the club is more important.
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Post by Sir Trevor B'Sol on Aug 1, 2023 10:27:34 GMT
Two points to reflect upon:
(1). The financing of the new South Stand project, as well as it's construction schedule and timing, seems more understandable following the prospect of the new investment.
(2). There is a great deal of information to be gleaned in the near future. For now, almost everything about the possible investment is conjecture, speculation or even deliberately misleading.
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Post by badengas on Aug 1, 2023 10:28:35 GMT
NOT ITK but a bit of digging seems to suggest Kuwait as a whole is looking at a Saudi PIF equivalent for the future, with a view promoting the country outside the Arab world.
Whilst we'd be a long way down any list of things to spend the petrobillions on, it does make you think about the future funding of all sorts of things.
Who knows what will happen, but fingers crossed it's good.
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Post by lavalamp on Aug 1, 2023 10:37:22 GMT
This is not the club I recognise.
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Post by Gasshole on Aug 1, 2023 10:39:44 GMT
The article also says "Additional investment is expected to be provided for the playing budget, including in the current transfer window." Is that guesswork by the Bristol Post or fact? Either way it would seem the deal is practically done subject to EFL approval. Hopefully we'll find out a bit more about them soon. You'd like to think we're going to be better off but how much remans to be seen. That will take ages counting all them trillions $$$
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Post by gasandelectricity on Aug 1, 2023 10:41:21 GMT
Not worried about this at all.
I believe this isn’t about Wael cashing out, or someone buying us as a plaything, but getting the investment needed to fund development of a new stadium for the club.
Exciting times indeed.
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Post by Qatar Gas on Aug 1, 2023 10:45:14 GMT
NOT ITK but a bit of digging seems to suggest Kuwait as a whole is looking at a Saudi PIF equivalent for the future, with a view promoting the country outside the Arab world. Whilst we'd be a long way down any list of things to spend the petrobillions on, it does make you think about the future funding of all sorts of things. Who knows what will happen, but fingers crossed it's good. Out of the six GCC countries, Kuwait is probably the one people know least about. It certainly doesn’t really have any tourism push . Although in the past nor did Saudi (other than the religious trips to Mecca). Now it’s going all out on tourism development.
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Post by dudelebowski on Aug 1, 2023 10:46:06 GMT
By all accounts many have shown interest & been shown the door, Wael wouldn’t hand over 55% to any old dude. It seems he now has his man.
Excited to see what will be bought to the table & how we progress from here.
Starting with a solid start to the season, hopefully.
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