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Post by peterhooper57 on Nov 23, 2024 11:29:24 GMT
One thing for sure they are not making any more land; I do not know whether the owners have any money be it their own or by way of guaranteed backers. We do know the two tier no idea student politicking BCC will not proactively get behind any proposed major development in BS7. The owners do not speak to a ever diminishing, split match day support, a cynical view would suggest the new regime carry on as-is, build up debt, run the club into the ground and fire sale the asset "land". Eastville 86 revisited. Conversely, owners are in fact cash rich, commercially savvy, have BRFC longevity interest at the core of their values, and the savannah biome sun will be soon shinning and welcoming Pep and his gladiators to a newly constructed THFC style stadium. Only time will tell, you decide. hmm.
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Post by Quarters on Nov 23, 2024 11:30:06 GMT
Only my opinion - I feel the current owner had to get Wael ‘out of the way’ as he could with his 45% ownership, be a potential blocker to any future sale. No doubt in my mind that this is a pre-cursor to an eventual sale of the club - certainly within the next two years - maybe sooner. If it takes 18 months for the transfer of shares to complete can a sale happen in that time? |
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Post by bluecamel on Nov 23, 2024 11:41:40 GMT
Thanks Wael for all that you tried to do, but I also fear the “What have you done ?” fear factor for selling us to the “Unknown”. Let’s be honest we know nothing about the new owners and there is no information available via the normal searches. I have received messages from Cheltenham, Oxford, sh*t, and Walsall fans, and every one of them put it one way or another, oh dear sinking ship ? I don’t know about that, we could be in for a massive shock and the newbie’s take us to the promised land - I won’t hold my breath UTFG
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Post by Hugo the Elder on Nov 23, 2024 11:42:33 GMT
Maybe the new owners haven't invested because Wael was involved.
A bit like no home improvements get done while a couple are going through a divorce.
Why spend money on the club just to increase the value owed to someone you don't like?
Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment.
I liked Wael, but it's been clear things are not working with 2 owners in place.
I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions.
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roadman
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Post by roadman on Nov 23, 2024 12:08:31 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. |
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Post by yattongas on Nov 23, 2024 12:14:38 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. But I thought you said earlier that they plan on selling after planning has been agreed for new stand ? |
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Post by trickortreat on Nov 23, 2024 12:17:55 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. Never explain, never complain. |
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Post by Strange Gas on Nov 23, 2024 12:30:24 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. Totally agree with this esp as now apparent they didn’t agree on stuff. This can only be good, unless of course it’s bad! |
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Post by bambergashead on Nov 23, 2024 12:30:59 GMT
What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. Never explain, never complain. Never say never... |
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roadman
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Post by roadman on Nov 23, 2024 12:31:08 GMT
What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. But I thought you said earlier that they plan on selling after planning has been agreed for new stand ? That is my gut feeling and view, I am just countering Hugo’s thinking they may not be spending until Wael goes. I think they have smelled the coffee, we are a major loss making club haemorrhaging money monthly, look at the previous accounts. We are 4 points off 4th bottom, I don’t want to hear how many we are off 6th because we are miles off that form. Attendances are dropping, major fall out with their shareholder partner and I bet the Dad is saying and thinking, get what we need to get done and off load. If Simon Jordan (great book) can lose millions, this lot can as well and then you see the Shef Wednesday owner worth a reported £500 million asking fans for money, I realise this lot don’t have the minerals of a long term project. I don’t think people think or realise the magnitude of Wael leaving, his share of a £300k loss a month was £120k, they have to find this now on top of building new stands. You have to sell a lot or take away meals in Kuwait to cover these losses. |
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Post by Hugo the Elder on Nov 23, 2024 12:35:11 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. I'm not disagreeing with you, but my position is that I don't know. I'll tip my hand and say I'm very concerned about our owners, but I'm not quite ready to burn them at the stake. Another analogy is like when a new manager comes in and you need to wait until he's brought in his own squad before you judge them. That's how I see our new owners. I'm not overly impressed with their set up and tactics but with Weal going, I'm happy to give it 6 months to see how it plays out now it's truly them and only them that are responsible for what direction we head in. I'll repeat, I have my doubts as the signs so far do not look good but I'm not having a massive meltdown just yet, and I get the feeling most are in the same boat as me. If you are correct (and I suspect you mostly are) then we should be keeping a very close eye on things but in reality there is very little we can do other than hope we don't end up in big trouble. |
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Post by justin blue on Nov 23, 2024 13:04:35 GMT
Weal has gone as always expected when he brought the new owners in. Like all other ex owners he tried his best for the club and I’m sure when he brought in the new owners he thought it would be good for the club going forward.
Thanks Weal for all you have done.
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exetergas
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Post by exetergas on Nov 23, 2024 13:16:18 GMT
I must have met Wael 5 or 6 times at various grounds around the country. Always friendly and interested in our thoughts on the club and appreciative of our support. A real gentleman. I am sorry to see him go. Higgs was nice enough but sadly three generations of Dunfords all thought as a mere supporter I was beneath them. Can only speak as I find.
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Post by Tilly's Thighs on Nov 23, 2024 14:08:30 GMT
Maybe the new owners haven't invested because Wael was involved. A bit like no home improvements get done while a couple are going through a divorce. Why spend money on the club just to increase the value owed to someone you don't like? Not saying this is the case but if the 2 owners of our club don't get on, you can hardly expect investment. I liked Wael, but it's been clear things are not working with 2 owners in place. I'm prepared to give the new (sole) owners a bit of time before I jump to doomsday conclusions. What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. Roady, you obviously have your ear to the ground, finger on the pulse etc. After the JCH fiasco you said that the club was not well regarded within football circles, due to the son meddling, and not having a clue etc. They seem to have recruited a few new faces behind the scenes, although I have no idea if these are good additions or not. Do you think that the owners can keep the club going long enough to make us "saleable"? I know it's not an exact science, so maybe your gut feeling? Cheers. |
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Post by neilv93 on Nov 23, 2024 14:10:24 GMT
What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. I'm not disagreeing with you, but my position is that I don't know. I'll tip my hand and say I'm very concerned about our owners, but I'm not quite ready to burn them at the stake. Another analogy is like when a new manager comes in and you need to wait until he's brought in his own squad before you judge them. That's how I see our new owners. I'm not overly impressed with their set up and tactics but with Weal going, I'm happy to give it 6 months to see how it plays out now it's truly them and only them that are responsible for what direction we head in. I'll repeat, I have my doubts as the signs so far do not look good but I'm not having a massive meltdown just yet, and I get the feeling most are in the same boat as me. If you are correct (and I suspect you mostly are) then we should be keeping a very close eye on things but in reality there is very little we can do other than hope we don't end up in big trouble. A very measured and completely agreeable take. Am I on the right forum? |
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roadman
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Post by roadman on Nov 23, 2024 14:25:58 GMT
What wealthy successful business people buy a project to lose £300k a month plus and just sit still until they get hold of the business and don’t spend a penny until they get the sole control, the answer is no one! The proof is they are spending money on the Peterborough United manual they swallowed. A year on, we should be full steam ahead now, on the curve the likes of Brighton, Swansea, Cardiff, Bournemouth went on. It’s rubbish we are waiting on planning, so are OUFC but the owners have said their plans. How about this “we plan on spending this ********* to make the Memorial Stadium a minimum 16,000 plus all seater stadium. We and we and we, are doing this. Put pressure on the council, it’s what investors do in real estate, we will create jobs, we will do this and that, NOTHING. Tell us your intentions, meat on the bone, be bullish. Roady, you obviously have your ear to the ground, finger on the pulse etc. After the JCH fiasco you said that the club was not well regarded within football circles, due to the son meddling, and not having a clue etc. They seem to have recruited a few new faces behind the scenes, although I have no idea if these are good additions or not. Do you think that the owners can keep the club going long enough to make us "saleable"? I know it's not an exact science, so maybe your gut feeling? Cheers. I have no idea but look at the simple facts, they had to pass the fit and proper persons test with the FA, they must have money. Wael is around for 18 months, he won’t let it sink. We still have the Quarters land and it’s a lot of land. I don’t see us in financial trouble or them, just see us as a club now being used for profit. This isn’t a Jack Walker owning us or even a wealthy American who can see the exploitation of the TV networks. This is a play thing, the son isn’t self made as Wael wasn’t, this is Father’s helping fulfil his child’s dreams stuff. In the Al Qadi family case, Hani felt it wasn’t for them, as long as the Father thinks it’s ok for them, it will be. At £4 million a loss a year, if you have £20 million to throw at the project, remortgaging the Mem, Quarters land, they have a long time to run as Wael did. If I were them, I’d be getting a manager now who can unite the fan base and their project, get £2.5 million for a Shaq Forde playing well, as I said, winning football covers up so much. 4 years 🪂 payments from the Championship is massive if you go up and don’t spend stupid. For all I say, the Rovers is a good project managed well, issue is we haven’t been in the Championship since 1990 and many have failed tryout to do it now. |
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Post by yattongas on Nov 23, 2024 14:26:30 GMT
But I thought you said earlier that they plan on selling after planning has been agreed for new stand ? That is my gut feeling and view, I am just countering Hugo’s thinking they may not be spending until Wael goes. I think they have smelled the coffee, we are a major loss making club haemorrhaging money monthly, look at the previous accounts. We are 4 points off 4th bottom, I don’t want to hear how many we are off 6th because we are miles off that form. Attendances are dropping, major fall out with their shareholder partner and I bet the Dad is saying and thinking, get what we need to get done and off load. If Simon Jordan (great book) can lose millions, this lot can as well and then you see the Shef Wednesday owner worth a reported £500 million asking fans for money, I realise this lot don’t have the minerals of a long term project. I don’t think people think or realise the magnitude of Wael leaving, his share of a £300k loss a month was £120k, they have to find this now on top of building new stands. You have to sell a lot or take away meals in Kuwait to cover these losses. You could well be right , who knows? but….. if you and I owned a loss making widget factory and we had a falling out , would I want to spend my money buying you out ? Knowing that I’d then have to fund my losses and now your losses on top. I’d have to be mad or very loaded. Something doesn’t add up . |
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roadman
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Post by roadman on Nov 23, 2024 14:39:31 GMT
That is my gut feeling and view, I am just countering Hugo’s thinking they may not be spending until Wael goes. I think they have smelled the coffee, we are a major loss making club haemorrhaging money monthly, look at the previous accounts. We are 4 points off 4th bottom, I don’t want to hear how many we are off 6th because we are miles off that form. Attendances are dropping, major fall out with their shareholder partner and I bet the Dad is saying and thinking, get what we need to get done and off load. If Simon Jordan (great book) can lose millions, this lot can as well and then you see the Shef Wednesday owner worth a reported £500 million asking fans for money, I realise this lot don’t have the minerals of a long term project. I don’t think people think or realise the magnitude of Wael leaving, his share of a £300k loss a month was £120k, they have to find this now on top of building new stands. You have to sell a lot or take away meals in Kuwait to cover these losses. You could well be right , who knows? but….. if you and I owned a loss making widget factory and we had a falling out , would I want to spend my money buying you out ? Knowing that I’d then have to fund my losses and now your losses on top. I’d have to be mad or very loaded. Something doesn’t add up . But if you owned it and I said I am refusing to fund it anymore, you’d have no choice to buy me out or we go the administration route. So you and your FD, look at what reserves you have and what assets you can sell to raise buying me out, you have a plot of land you can sell, hence the 18 months?!?! It will kill them Wael is staying on as President, it was so clear in the statement, he’s insisted on this. Wael Al Qadi has called their bluff, I’m convinced he’s said no more money and I go on my terms. If he is funding £120k a month, over 18 months he’s saved £2 million and he had no control now anyway either. Aggressive well financed businessmen have this done and dusted straight away. I’m convinced this isn’t the end of Wael if they sell and he does a deal to retain say 10%, I think he’s laughing in Jordan now. |
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Post by Hugo the Elder on Nov 23, 2024 14:49:21 GMT
So you think Wael may return to ownership in some form if/when the owners sell up?
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roadman
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Post by roadman on Nov 23, 2024 15:11:33 GMT
So you think Wael may return to ownership in some form if/when the owners sell up? It wouldn’t surprise me, if he’s smart which I guess he is, for him to have to wait for his money for 18 months, you’d like to think he’s got a clause that if they sell he can get the selling price. Look at Dunford and the rugby lot, if either party went into admin, the other party could get the other half for £20k or so. The most striking thing about yesterday’s statement for me was it said he was still President for 18 months. |
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