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Post by Antonio Fargas on Sept 23, 2015 6:30:50 GMT
We hand over money consistently and reliably; that's a business asset. Yeah if we lost 15 games, That asset would disappear quickly Like, say, if we were relegated to the Conference? No one would turn up to watch? |
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Post by LJG on Sept 23, 2015 7:02:41 GMT
Really?I think this is a perfectly fair response and you should wind your neck in. Wind my neck in? Because I've heard a different version of an Internet rumour to you? Are you actually that cretinous to say that seriously? |
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Post by peterparker on Sept 23, 2015 7:33:14 GMT
Not sure what you mean by that. Tony Watola and Nick Higgs spoke about Directors loans at the QnA. When Tony said that the nature of a loan was that it is normally paid back, nobody complained or argued the use of any monies. Granted, this was prior to the court case etc. Nick Higgs repeatedly said that he and the others were putting their own hands in their pockets to keep the club operating. Nobody disputed it. Thing is does NH want his loans repaid in full at time of purchase or would he be happy to become an external creditor paid over x period of time. Walking away/handing over the keys to the car does not necesarily mean not getting paid back |
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Post by RD on Sept 23, 2015 7:38:23 GMT
Tony Watola and Nick Higgs spoke about Directors loans at the QnA. When Tony said that the nature of a loan was that it is normally paid back, nobody complained or argued the use of any monies. Granted, this was prior to the court case etc. Nick Higgs repeatedly said that he and the others were putting their own hands in their pockets to keep the club operating. Nobody disputed it. Thing is does NH want his loans repaid in full at time of purchase or would he be happy to become an external creditor paid over x period of time. Walking away/handing over the keys to the car does not necesarily mean not getting paid back Indeed. Even if it took a few years to get the money, it's likely that would be a few years quicker than if he carries on running the club himself! |
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Post by Topper Gas on Sept 23, 2015 7:45:11 GMT
If there is an offer and NH is refusing to listen, could it be because he genuinely believes we will end up winning the appeal against Sainsbury? NH has already said on numerous occasion that he is confident of winning the appeal against Sainsburys. He would nt be appealing if he didnt would he. The danger is if the chance of winning is the only thing thats stopping him from agreeing to a deal with anyone. That would be like putting all your money on green on a roulette table. If it does come in great but the odds are slim at best and could cost us everything. I have a couple of questions if someone wants to speculate (answer) these for me. Its my understansing that there is some question over how much the new stadium will actulally cost now that there has been a significant delay in the start of the build. It was £30m any one have any guesses as to what it might end up at? This is key when looking at the total amount of investment being made by whoever they are. If the stadium is built on UWE owned land (and the agreement is that it cant be mortgaged) who actually owns the Stadium? In this respect what vlue does it actually have. I assume it would never be able to be sold so does it just start depreciating in value once its built. Surely this doesnt make us a sound invenstment. Apologies if the answer to these are obvious and ive just missed it. It just seems that potentially to keep 'everyone' happy the amount needed to be input could be. Stadium £30m - £35m Bod Loans £8m - £10m Investment in the squad £1m - £2m (should be sufficient for starters) So basically anything between £40m & £50m - Assuming that they get the mem for this which they can then sell for £15m there investment wont need to be as much as seems to be being speculated about. I guess the problem is NH wants a payday on top of those figures with the added complication w/o the Sainsbury money we'd have to sell the Mem in a fire sale with the Sainsbury's money worth anything up to £30m more but with appeals that could be years off deciding. ! Swansea don't own the ground but I doubt that would effect thier value if their owners put them for sale, this article seems to confirm that:- www.walesonline.co.uk/sport/football/football-news/swansea-city-above-bundesliga-serie-9411761It's amazing to thiunk only a few years ago both teams were bottom of Div 2 now one is worth more than Celtic & Benfica |
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Post by RD on Sept 23, 2015 7:58:31 GMT
For me, these tweets from James McNamara confirm it now: twitter.com/JPMcnamara7/with_replies?lang=en-gbPretty unlikely he'd have been given a random consortium's number! Those who still don't want to believe, that's their choice - but for me PERSONALLY, I am now convinced 100% that there is a consortium trying to buy the club. That's not to say the offer is a good one or a bad one (as we don't have the details yet), but I do now believe that JTS and Gasincider's information is accurate in the sense that there is a takeover bid underway. |
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Post by Deleted on Sept 23, 2015 7:59:30 GMT
"I guess" - See, as soon as a post starts like this, then it's just guess work. No offence intended Topper.
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Post by Jon the Stripe on Sept 23, 2015 8:22:45 GMT
NH has already said on numerous occasion that he is confident of winning the appeal against Sainsburys. He would nt be appealing if he didnt would he. The danger is if the chance of winning is the only thing thats stopping him from agreeing to a deal with anyone. That would be like putting all your money on green on a roulette table. If it does come in great but the odds are slim at best and could cost us everything. I have a couple of questions if someone wants to speculate (answer) these for me. Its my understansing that there is some question over how much the new stadium will actulally cost now that there has been a significant delay in the start of the build. It was £30m any one have any guesses as to what it might end up at? This is key when looking at the total amount of investment being made by whoever they are. If the stadium is built on UWE owned land (and the agreement is that it cant be mortgaged) who actually owns the Stadium? In this respect what vlue does it actually have. I assume it would never be able to be sold so does it just start depreciating in value once its built. Surely this doesnt make us a sound invenstment. Apologies if the answer to these are obvious and ive just missed it. It just seems that potentially to keep 'everyone' happy the amount needed to be input could be. Stadium £30m - £35m Bod Loans £8m - £10m Investment in the squad £1m - £2m (should be sufficient for starters) So basically anything between £40m & £50m - Assuming that they get the mem for this which they can then sell for £15m there investment wont need to be as much as seems to be being speculated about. I guess the problem is NH wants a payday on top of those figures with the added complication w/o the Sainsbury money we'd have to sell the Mem in a fire sale with the Sainsbury's money worth anything up to £30m more but with appeals that could be years off deciding. ! Swansea don't own the ground but I doubt that would effect thier value if their owners put them for sale, this article seems to confirm that:- www.walesonline.co.uk/sport/football/football-news/swansea-city-above-bundesliga-serie-9411761It's amazing to thiunk only a few years ago both teams were bottom of Div 2 now one is worth more than Celtic & Benfica Topper - Just throwing it in the mix - regards valuing the club and potential take over bids -Could it be that's why we have appealed the court case? - a long drawn out saga would mean we are almost impossible to value for the foreseeable future - not accusing anyone of anything btw just throwing it in the mix - UTG |
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Post by Jon the Stripe on Sept 23, 2015 8:30:11 GMT
Just to clarify - in fairness if i was mr Higgs i would want to know the true value of the club which will only be known after the court case saga which could last years! Otherwise i may be selling something for £10 when it could be worth £20! A bonus to that scenario being its almost impossible to sell during that time
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stuart1974
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Post by stuart1974 on Sept 23, 2015 8:43:21 GMT
I am not aware of NH being some form of bogey man, and it may not even 100% be about the money but also a legacy thing.
At the moment he has on his CV two relegations, one promotion, several failed managers (hopefully one good one for the long haul, time will tell here) no new stadium despite two attempts and a lot of debt.
It may be that he wants to be remembered for something tangible and is finding it difficult to let go.
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Post by RD on Sept 23, 2015 8:50:39 GMT
I am not aware of NH being some form of bogey man, and it may not even 100% be about the money but also a legacy thing. At the moment he has on his CV two relegations, one promotion, several failed managers (hopefully one good one for the long haul, time will tell here) no new stadium despite two attempts and a lot of debt. It may be that he wants to be remembered for something tangible and is finding it difficult to let go. IF that was his motive, then that is all I would remember him for! His legacy would be that he turned down the offer for an incredibly bright future (IF the rumours are correct) for this football club, purely to massage his ego! If he genuinely wanted what was best for the club, he wouldn't do that. |
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Post by stuart1974 on Sept 23, 2015 9:06:15 GMT
I am not aware of NH being some form of bogey man, and it may not even 100% be about the money but also a legacy thing. At the moment he has on his CV two relegations, one promotion, several failed managers (hopefully one good one for the long haul, time will tell here) no new stadium despite two attempts and a lot of debt. It may be that he wants to be remembered for something tangible and is finding it difficult to let go. IF that was his motive, then that is all I would remember him for! His legacy would be that he turned down the offer for an incredibly bright future (IF the rumours are correct) for this football club, purely to massage his ego! If he genuinely wanted what was best for the club, he wouldn't do that. Totally agree, i'm no fan the current BoD and I never said it was a rational thought, just that it may weigh on his mind when agreeing or not to any offers. Not everything is cash related. |
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Post by r0che11e on Sept 23, 2015 9:07:25 GMT
We are all speculating. At some stage, either the consortium (I believe there is one), or the club will have to come clean. However the longer the club appears chooses not to respond, must mean something. Is it down to Higgs to make the final decision as he is the majority shareholder, or can the majority of the board out vote him? In this case silence is not golden, it is not fair to the fans. I believe Higgs should go, he lacks credibility in my mind, and does not have the ambition for our club that a chairman should shows. The club is at a cross road. We might have the opportunity to go forward, or I feel we are likely to be in the mire for years to come, that is if our creditors give us that long. Remember Higgs could pull the plug on us at any time.
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Post by pucklegas on Sept 23, 2015 9:12:42 GMT
Just to clarify - in fairness if i was mr Higgs i would want to know the true value of the club which will only be known after the court case saga which could last years! Otherwise i may be selling something for £10 when it could be worth £20! A bonus to that scenario being its almost impossible to sell during that time You ve hit the nail on the head JTS, most sensible post on the whole forum, the dreaded appeal is holding us back, there are two values, one us winning the appeal and secondly losing, and the values are wholly different. think some should be more respectful to Higgs on here, remember he is a fan the same as us, just with more dosh! |
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Post by Deleted on Sept 23, 2015 9:37:21 GMT
Just to clarify - in fairness if i was mr Higgs i would want to know the true value of the club which will only be known after the court case saga which could last years! Otherwise i may be selling something for £10 when it could be worth £20! A bonus to that scenario being its almost impossible to sell during that time You ve hit the nail on the head JTS, most sensible post on the whole forum, the dreaded appeal is holding us back, there are two values, one us winning the appeal and secondly losing, and the values are wholly different. think some should be more respectful to Higgs on here, remember he is a fan the same as us, just with more dosh! That depends on the individual buyers. In our case the apparent consortium is willing to buy the club and build the stadium regardless of the appeal so it's as good as irrelevant in this case. They may well even want to withdraw the appeal should they become successful. If the true value of the club was that significant then Nick Higgs would leave the sale of the club a shut door until after the appeal unless he was sure it would fail again. |
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Post by Deleted on Sept 23, 2015 9:40:30 GMT
Just a thought, but would new owners of the club still pursue the case against Sainsbury's? If (that word again) they have the money to build UWE why would they want the hassle of the court case?
** teanbiscuits beat me to it **
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Post by RD on Sept 23, 2015 9:43:35 GMT
Just a thought, but would new owners of the club still pursue the case against Sainsbury's? If (that word again) they have the money to build UWE why would they want the hassle of the court case? Well they might be able to afford decent lawyers who would advise against appealing the decision  In all seriousness though, it's hard to say. I think they'd crack on with the stadium without waiting for the result of the appeal, but maybe leave it lodged just in case the judge did find in our favour and they were able to recoup a significant chunk of their investment. But I'd imagine they'd get independent advice on the chances of success from the appeal and then make a decision based on that. But I certainly imagine they'd start the stadium with or without the result of the appeal (if they do decide to continue with it). |
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Post by Deleted on Sept 23, 2015 9:49:38 GMT
Which brings us on nicely to what plans do the mysterious consortium have for the Mem? They must have a 'value' in their heads to enable their business plan to work?
Bugger, you lot have got me at this speculation nonsense now. Baggin's, slap me round the head with that piece of 4X2 right now.....and don't hold back !
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Post by RD on Sept 23, 2015 9:58:39 GMT
Which brings us on nicely to what plans do the mysterious consortium have for the Mem? They must have a 'value' in their heads to enable their business plan to work? Bugger, you lot have got me at this speculation nonsense now. Baggin's, slap me round the head with that piece of 4X2 right now.....and don't hold back ! Of course entirely speculating here but... I imagine they've perhaps based the value on selling it for housing. I.e. something they know they could definitely find a buyer for and have perhaps had independent people in to work out a value for the land, in respect of them selling it for housing. That way they'd be basing their purchase on a worst case scenario, that could of course become better if a different type of buyer was interested (i.e. supermarket/superstore other than Sainsburys), or if multiple real estate developers wanted it and got in to a bidding war, or indeed if they did proceed with the appeal and it actually did win. |
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Post by baggins on Sept 23, 2015 9:58:43 GMT
Which brings us on nicely to what plans do the mysterious consortium have for the Mem? They must have a 'value' in their heads to enable their business plan to work? Bugger, you lot have got me at this speculation nonsense now. Baggin's, slap me round the head with that piece of 4X2 right now.....and don't hold back ! You want to know it's coming or want me to surprise you (Hugo, you can stop giggling). |
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