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Post by Deleted on Sept 23, 2015 9:59:53 GMT
Just do it man, and stop with the foreplay !
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Post by fabregas on Sept 23, 2015 10:01:09 GMT
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. As I mentioned in an earlier post I have yet to see any reference to the consortium being 'willing to buy the club'. All I have seen so far is reference to a £40m investment in UWE and up to £10m in operational budget. Perhaps they are seeking to get the club for nothing in return for their investment - who knows? However, if they genuinely wish to purchase the club for 'fair value' the appeal should not be a show-stopper. It's perfectly possible to construct a conditional contract to purchase the club and assets for an agreed price at today's value - excluding the Sainsbury appeal, and to have separate terms associated to each of the potential outcomes of the appeal. NH could also safeguard his position, in the event the new owners dropped the appeal, by insisting on a share of future profits should the eventual sale of the Mem realise a higher price than agreed at today's valuation. None of this is rocket science should the 'consortium' have genuine intentions IMO. |
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Post by baggins on Sept 23, 2015 10:03:51 GMT
Just do it man, and stop with the foreplay ! Boy, those Army orders never leave you do they? |
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Post by Deleted on Sept 23, 2015 10:11:31 GMT
Just do it man, and stop with the foreplay ! Boy, those Army orders never leave you do they? Nope. |
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Post by gasincider on Sept 23, 2015 10:14:10 GMT
As I understand it, the consortium would build the full spec UWE , AND repay ,all debts.
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Post by Topper Gas on Sept 23, 2015 10:17:57 GMT
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. As I mentioned in an earlier post I have yet to see any reference to the consortium being 'willing to buy the club'. All I have seen so far is reference to a £40m investment in UWE and up to £10m in operational budget. Perhaps they are seeking to get the club for nothing in return for their investment - who knows? However, if they genuinely wish to purchase the club for 'fair value' the appeal should not be a show-stopper. It's perfectly possible to construct a conditional contract to purchase the club and assets for an agreed price at today's value - excluding the Sainsbury appeal, and to have separate terms associated to each of the potential outcomes of the appeal. NH could also safeguard his position, in the event the new owners dropped the appeal, by insisting on a share of future profits should the eventual sale of the Mem realise a higher price than agreed at today's valuation. None of this is rocket science should the 'consortium' have genuine intentions IMO. If we eventually lose the appeal what is the club worth? Just the Mem value less overall debts of around £10m by the time all the costs have been paid/Wonga loan cleared. It could be taking into consideration just assets and not "goodwill" the club is not worth anything anyway? |
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Post by baggins on Sept 23, 2015 10:18:15 GMT
Boy, those Army orders never leave you do they? Nope. That's No Sir you maggot! |
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Post by Deleted on Sept 23, 2015 10:28:30 GMT
That's No Sir you maggot! I think I outrank you, but never call me Sir. I worked for a living. Maggot  that is soooooo polite |
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Post by baggins on Sept 23, 2015 10:31:57 GMT
That's No Sir you maggot! I think I outrank you, but never call me Sir. I worked for a living. Maggot that is soooooo polite Running around in camouflage all day is hardly working for a living. I jest. I wouldn't know hard work if it spat at me. |
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Post by Deleted on Sept 23, 2015 10:42:47 GMT
So where are we with "The Rumour" ? The consortium are from Birmingham, Alabama, so they must be KKK. Do we really want that in football? It's a disgrace I say! Higgs should resign for even considering it !
** Is this how we play the game? **
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Post by baggins on Sept 23, 2015 10:48:48 GMT
So where are we with "The Rumour" ? The consortium are from Birmingham, Alabama, so they must be KKK. Do we really want that in football? It's a disgrace I say! Higgs should resign for even considering it ! ** Is this how we play the game? ** Guess we'll know when the team run out on the pitch in blue & white quartered face hats and gowns. |
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Post by Deleted on Sept 23, 2015 11:05:34 GMT
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 Yes means perfect sense JTS, why else fight on with this crazy retrial! |
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Post by Deleted on Sept 23, 2015 11:14:38 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 ! You want to know it's coming or want me to surprise you (Hugo, you can stop giggling). Funny you should mention Hugo. Have you noticed that his disappearance coincided with "The Rumour"? Is he the man behind "The Consortium" or is he "The Face" of "The Consortium"? If he is "The Face", then is this bid only meant for Radio purposes? I think we should be told. If Hugo doesn't deny, or confirm this, then he should resign ASAP. |
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Post by Dirt Dogg on Sept 23, 2015 11:28:59 GMT
So we're being taken over by yanks?
Can't wait to be re-named the Bristol Yankees and play our home games at the Gas Bowl!
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Post by phillistine on Sept 23, 2015 11:33:15 GMT
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 Yes means perfect sense JTS, why else fight on with this crazy retrial! it stands to reason that the appeal is going to determine how much the club is valued at but this doesn't mean that the deal cannot go through. Most businesses are valued based upon future income as well as curent assets/ cash etc. The deal is structured however so that a percentage of the agreed sale value is paid upon handover and the remainder is handed over if future income matches the predictions - anything up to 3 years after the sale of the business. The difficulty with Rovers however is that if the appeal fails then the Mem might be worth say £10 million but if it goes through then it is worth £30 million ( figures picked out of the air for discussion purposes only). So it would seem sensible to do a deal based upon the lower valuation and adjust it if Sainsburies have to pay up. The one thing that I would love to know is would the consortium have been interested if UWE had not been on the horizon. Has NH actually done us a huge favour even though he looks as if he will be moving on before his dream is realised . |
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Post by RD on Sept 23, 2015 11:38:37 GMT
Yes means perfect sense JTS, why else fight on with this crazy retrial! it stands to reason that the appeal is going to determine how much the club is valued at but this doesn't mean that the deal cannot go through. Most businesses are valued based upon future income as well as curent assets/ cash etc. The deal is structured however so that a percentage of the agreed sale value is paid upon handover and the remainder is handed over if future income matches the predictions - anything up to 3 years after the sale of the business. The difficulty with Rovers however is that if the appeal fails then the Mem might be worth say £10 million but if it goes through then it is worth £30 million ( figures picked out of the air for discussion purposes only). So it would seem sensible to do a deal based upon the lower valuation and adjust it if Sainsburies have to pay up. The one thing that I would love to know is would the consortium have been interested if UWE had not been on the horizon. Has NH actually done us a huge favour even though he looks as if he will be moving on before his dream is realised . Good post, fully agree. Another poster mentioned earlier that perhaps NH wanted to stay in order to leave a legacy. If this was the case, the plans for UWE would no doubt have been pivotal in regards to the interested party; as such, even if a new owner were to actually build it, he'd have left a superb legacy anyway. |
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Post by Deleted on Sept 23, 2015 11:39:52 GMT
Yes means perfect sense JTS, why else fight on with this crazy retrial! it stands to reason that the appeal is going to determine how much the club is valued at but this doesn't mean that the deal cannot go through. Most businesses are valued based upon future income as well as curent assets/ cash etc. The deal is structured however so that a percentage of the agreed sale value is paid upon handover and the remainder is handed over if future income matches the predictions - anything up to 3 years after the sale of the business. The difficulty with Rovers however is that if the appeal fails then the Mem might be worth say £10 million but if it goes through then it is worth £30 million ( figures picked out of the air for discussion purposes only). So it would seem sensible to do a deal based upon the lower valuation and adjust it if Sainsburies have to pay up. The one thing that I would love to know is would the consortium have been interested if UWE had not been on the horizon. Has NH actually done us a huge favour even though he looks as if he will be moving on before his dream is realised . The key is the planning permission. It changes everything. |
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Post by Deleted on Sept 23, 2015 11:41:59 GMT
Can I just ask, is there even a shred of evidence that any of this is anything more than a rumour made up by a WUM?
This is not a dig at anyone, just a genuine question....
I still can find absolutely nothing on this other than the rumour itself that originated in this very thread..
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Post by RD on Sept 23, 2015 11:43:07 GMT
Can I just ask, is there even a shred of evidence that any of this is anything more than a rumour made up by a WUM? This is not a dig at anyone, just a genuine question.... I still can find absolutely nothing on this other than the rumour itself that originated in this very thread.. Yes... James McNamara was passed the number of the consortium in question and has tried to contact them for some details; no luck as yet though. Link to said tweets: twitter.com/JPMcnamara7/with_replies?lang=en-gb |
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Post by Deleted on Sept 23, 2015 11:46:46 GMT
That just seems to be a link back here mate.
I have checked his feed and can't see any mention of it...
I tend to find Vital quite reliable and they are now running this as well... Hmmmm
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