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Post by oldie on Aug 2, 2023 11:55:31 GMT
The £20m if it comes Waels way will pay back what he has spent on the club. Hopefully he will do well in the end as he certainly deserves it. Not sure he is winning quite yet but hope he does as he has more vision, enthusiasm and results than any other past owner. The fact that Wael issued more shares surely suggests that he is effectively diluting his own shareholding and effectively bringing more equity into the Club rather than taking any cash out. The only way that he will financially win in the short term is that it effectively reduces his liability for existing debt. Let me know please if you see this in a different way Correct As I understand it the new investors are buying shares from the expanded share capital, in Dwane Sports. The avenues for previous investors to take cash out are so limited in the current circumstances other than BRFC selling the mem and returning the cash to Dwane Sports as the principal shareholder.
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Post by Gasshole on Aug 2, 2023 12:00:16 GMT
The £20m if it comes Waels way will pay back what he has spent on the club. Hopefully he will do well in the end as he certainly deserves it. Not sure he is winning quite yet but hope he does as he has more vision, enthusiasm and results than any other past owner. The fact that Wael issued more shares surely suggests that he is effectively diluting his own shareholding and effectively bringing more equity into the Club rather than taking any cash out. The only way that he will financially win in the short term is that it effectively reduces his liability for existing debt. Let me know please if you see this in a different way I ❤️ Wael, we need to win the Champions League for him. Then he can open a Rovers shop at Amman airport.
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Post by Gasshole on Aug 2, 2023 12:04:44 GMT
Not forgetting shops in Kingswood ,Kuwait City and Bristol Airport.
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Post by amgas on Aug 2, 2023 12:27:02 GMT
Followed by branches in Ashton, Manchester, Liverpool and London.
Looking forward to kids there wearing Rovers shirts and being called glory hunters by their mates at school who support their local teams.
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Post by Gasshole on Aug 2, 2023 12:32:20 GMT
Followed by branches in Ashton, Manchester, Liverpool and London. Looking forward to kids there wearing Rovers shirts and being called glory hunters by their mates at school who support their local teams. Global Gas init……we’ll be everywhere , like cockroaches. Up The Roaches
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Post by phillistine on Aug 2, 2023 12:33:14 GMT
Owning 45% of a championship football club playing in a decent city centre stadium is probably more valuable than owning 100% of a 1st division club playing at the Mem . Plus he’ll have an extra £20m in his sky rocket. Wael is winning ! The £20m if it comes Waels way will pay back what he has spent on the club. Hopefully he will do well in the end as he certainly deserves it. Not sure he is winning quite yet but hope he does as he has more vision, enthusiasm and results than any other past owner. Wale will not be getting £20 million or whatever the figure is. He will probably not be getting anything personal out of this. The Investor is not buying the club but he/ they will effectively invest the money in Dwayne Sports and in return he will get a % shareholding. Effectively they are building a " war chest" - ie funds which allow the club to push forward. There will be contractual agreements about how the money can be used but that certainly will not allow Wael to take any out personally. Wael will be no better or worse off by this but more funds will be available to push Rovers on
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Post by Gasshole on Aug 2, 2023 12:34:49 GMT
I’m in Santorini at the mo, and there’s another 3 under the mini fridge.
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Post by Topper Gas on Aug 2, 2023 14:16:07 GMT
The £20m if it comes Waels way will pay back what he has spent on the club. Hopefully he will do well in the end as he certainly deserves it. Not sure he is winning quite yet but hope he does as he has more vision, enthusiasm and results than any other past owner. Wale will not be getting £20 million or whatever the figure is. He will probably not be getting anything personal out of this. The Investor is not buying the club but he/ they will effectively invest the money in Dwayne Sports and in return he will get a % shareholding. Effectively they are building a " war chest" - ie funds which allow the club to push forward. There will be contractual agreements about how the money can be used but that certainly will not allow Wael to take any out personally. Wael will be no better or worse off by this but more funds will be available to push Rovers on If they put £20m in DS' back account what stops Wael just taking it straight out to pay off the debts which have been run up annually? If DS is worth say £40m then surely Wael's not just going to hand over 55% of the company for nothing in return?
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Post by gasandelectricity on Aug 2, 2023 14:21:02 GMT
Wale will not be getting £20 million or whatever the figure is. He will probably not be getting anything personal out of this. The Investor is not buying the club but he/ they will effectively invest the money in Dwayne Sports and in return he will get a % shareholding. Effectively they are building a " war chest" - ie funds which allow the club to push forward. There will be contractual agreements about how the money can be used but that certainly will not allow Wael to take any out personally. Wael will be no better or worse off by this but more funds will be available to push Rovers on If they put £20m in DS' back account what stops Wael just taking it straight out to pay off the debts which have been run up annually? If DS is worth say £40m then surely Wael's not just going to hand over 55% of the company for nothing in return? The 55% owned by Al Saeed stops him. The “sale” is done by diluting Waels shareholding to reflect the funding going into the account. The idea being that the business is much more valuable after the transaction than it was before - or rather will be when the investment matures. Which could still be decades.
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Post by gasandelectricity on Aug 2, 2023 14:22:57 GMT
To add if DS is worth 49mn and Al Saeed adds 51mn then the new equity reflects what they’ve put in. That’s why money doesn’t need to go out.
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Post by wertongas on Aug 2, 2023 14:43:09 GMT
20 million is a good wedge of dosh for a league 1 club. Promotion to the Championship is apparently worth 7-8 million a year, so we will have championship spending power for the next few years if the money is invested in the team as some have reported. JB has said he wants to get us in the Championship in the next two years, well he has the full backing from the owners, so has no excuses if he doesn't get us promoted. Just a shame that sum of the clubs neighbours are trying to stop us with there politically motivated nonsense objections to the new stand, some of the comments they have made makes you wonder whether they are on happy pills.
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Deleted
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Post by Deleted on Aug 2, 2023 15:44:39 GMT
Sorry to ask and potentially bring some reality to the situation but where has this figure of 20 million come from?
Is it just Gaschat fact now cause one person mentioned it?
I’d be very surprised if 55% of DS is valued at 20 million pounds
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pirate
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Post by pirate on Aug 2, 2023 15:49:09 GMT
Was hoping the Post would do a follow-up story and flesh out more details.
What is the background of the investors, their net worth, what level of investment are they prepared to put in and their ambitions?
I wonder what assurances have been given considering "there have also been offers from America and a consortium containing local businessmen but Wael Al-Qadi’s desire to retain a position of influence and control, coupled with his own scepticism of what’s being offered, has caused talks to break down"?
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Post by pepsi on Aug 2, 2023 15:58:13 GMT
Sorry to ask and potentially bring some reality to the situation but where has this figure of 20 million come from? Is it just Gaschat fact now cause one person mentioned it? I’d be very surprised if 55% of DS is valued at 20 million pounds I was thinking the same 🤔
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Post by daniel300380 on Aug 2, 2023 15:59:48 GMT
Was hoping the Post would do a follow-up story and flesh out more details. What is the background of the investors, their net worth, what level of investment are they prepared to put in and their ambitions? I wonder what assurances have been given considering "there have also been offers from America and a consortium containing local businessmen but Wael Al-Qadi’s desire to retain a position of influence and control, coupled with his own scepticism of what’s being offered, has caused talks to break down"? I doubt they know yet, didn't they have to edit it, as they had the name wrong in the first print. It looks like it is happening, but I expect we only leaked a bit of information now, due to the South stand problems. If everything else was going smoothly, we probably would have just seen the information regarding the shares.
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Post by daniel300380 on Aug 2, 2023 16:03:27 GMT
Sorry to ask and potentially bring some reality to the situation but where has this figure of 20 million come from? Is it just Gaschat fact now cause one person mentioned it? I’d be very surprised if 55% of DS is valued at 20 million pounds I think that's what people guessed, as that is roughly the amount of the debts that Wael cleared! Not sure what the value would be. We have the mem land, the training ground and land etc.
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Post by peterhooper57 on Aug 2, 2023 16:07:45 GMT
Sorry to ask and potentially bring some reality to the situation but where has this figure of 20 million come from? Is it just Gaschat fact now cause one person mentioned it? I’d be very surprised if 55% of DS is valued at 20 million pounds I think that's what people guessed, as that is roughly the amount of the debts that Wael cleared! Not sure what the value would be. We have the mem land, the training ground and land etc. As always, its all supposition, no one on here as a clue.
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Post by Topper Gas on Aug 2, 2023 16:13:18 GMT
I think that's what people guessed, as that is roughly the amount of the debts that Wael cleared! Not sure what the value would be. We have the mem land, the training ground and land etc. As always, its all supposition, no one on here as a clue. To be fair the OP had a bit of a clue as he broke the story.
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Post by Deleted on Aug 2, 2023 16:13:56 GMT
Sorry to ask and potentially bring some reality to the situation but where has this figure of 20 million come from? Is it just Gaschat fact now cause one person mentioned it? I’d be very surprised if 55% of DS is valued at 20 million pounds I think that's what people guessed, as that is roughly the amount of the debts that Wael cleared! Not sure what the value would be. We have the mem land, the training ground and land etc. I’d imagine he’s happy to not be covering a 4 million quid loss on his own anymore in the here and now! No doubt that there’ll be investment along the way but as I said yesterday nobody has a clue about who’s coming in, why they’re coming in and what they’re about.
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Post by keygas on Aug 2, 2023 16:37:45 GMT
Was hoping the Post would do a follow-up story and flesh out more details. What is the background of the investors, their net worth, what level of investment are they prepared to put in and their ambitions? I wonder what assurances have been given considering "there have also been offers from America and a consortium containing local businessmen but Wael Al-Qadi’s desire to retain a position of influence and control, coupled with his own scepticism of what’s being offered, has caused talks to break down"? Surely as the deal is subject to EFL approval, it would be unwise for the club to put out an official statement.
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