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Post by ThisCharmingMan on Sept 25, 2015 10:57:17 GMT
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Post by Antonio Fargas on Sept 25, 2015 11:01:59 GMT
I will qualify that by asking in what other business would you be able to put money in and still get every penny back regardless of success or how well you had done. I was self employed for nearly 12 years and if I hadn't got my business in order I would have lost my investment. Football seems to be immune to reality. Every single business out there. If you ran a business then you know that you had assets on the books. If you sell the business then you sell the assets of the company and it is goodwill that determines the trading value. I dont think that this is any different It's completely different because the sort of goodwill you have taking on a tradition local football club that has obligations in the community, and a captive fan base, is completely different to the sort of goodwill you need to take into account when buying a carpet factory. |
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Post by Severncider on Sept 25, 2015 11:27:56 GMT
Yes, it is "If".
I'm sure that NH will ask for proof of those funds, you cannot rustle up a reported £40m from nowhere.
Whilst I have not seen or heard NH's comments that he has not been approached by any "consortium" and that he will not deem to reply to "rumours", is he really saying that over the last few weeks he has not been approached by "anyone" with regard to an investment/takeover and he has no idea of any such approach.
He can, of course refuse to answer that but he will find it very difficult to fob off such a question at the AGM.
He hasn't said anything. I think this is the article that I was referring too BP Report |
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Post by I Voted For Kodos on Sept 25, 2015 11:34:51 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling. Here's to another 20 pages.  UTG! |
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Post by Deleted on Sept 25, 2015 11:44:34 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling. Here's to another 20 pages. UTG! if you are starting work there are a plethora of names you could go for. - workgas - ihatemondaysgas - mybossisacuntgas - workingforthemangas - stuckinacorporatenightmaregas - ipaytaxgas - anotherdayolderanddeeperindebtgas |
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Post by fanboy on Sept 25, 2015 11:46:13 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling. Here's to another 20 pages. UTG! if you are starting work there are a plethora of names you could go for. - workgas - ihatemondaysgas - mybossisacuntgas - workingforthemangas - stuckinacorporatenightmaregas - ipaytaxgas - anotherdayolderanddeeperindebtgas Hopefully it doesn't change to 'McdonaldsGas' any time soon. |
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Post by lpgas on Sept 25, 2015 11:48:31 GMT
Looking back it was never going to happen, to do all the things the "consortium" were going to do it would have taken £60million. Building a new stadium is one thing, it's running costs are something else. Rates; electricity: gas: maintenance; wages, and it was said that it would employ up to 200 people. So new stadium 40 mill, running cost for first year 1 mill, pay off debts 8 mill, buy shares, possibly 10 mill? and are you going to buy the Mem whilst building the new ground? well that's another 15 mill or thereabouts.
And you probably not see a penny back. We don't investors, we need a sugar daddy
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Post by justin blue on Sept 25, 2015 11:58:12 GMT
I think this is the article that I was referring too BP ReportIs that the one that says NH has not responded to media rumours? |
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Post by Deleted on Sept 25, 2015 11:59:12 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling. Here's to another 20 pages. UTG! if you are starting work there are a plethora of names you could go for. - workgas - ihatemondaysgas - mybossisacuntgas - workingforthemangas - stuckinacorporatenightmaregas - ipaytaxgas - anotherdayolderanddeeperindebtgas Mmmmm, I get the impression, reading between the lines, that work is not going too well for you? |
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Post by Hugo the Elder on Sept 25, 2015 12:00:11 GMT
Looking back it was never going to happen, to do all the things the "consortium" were going to do it would have taken £60million. Building a new stadium is one thing, it's running costs are something else. Rates; electricity: gas: maintenance; wages, and it was said that it would employ up to 200 people. So new stadium 40 mill, running cost for first year 1 mill, pay off debts 8 mill, buy shares, possibly 10 mill? and are you going to buy the Mem whilst building the new ground? well that's another 15 mill or thereabouts. And you probably not see a penny back. We don't investors, we need a sugar daddy Giving up so soon? |
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Post by justin blue on Sept 25, 2015 12:00:46 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Here's to another 20 pages. UTG! ;)At least you've got an excuse. |
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Post by Topper Gas on Sept 25, 2015 12:15:36 GMT
Looking back it was never going to happen, to do all the things the "consortium" were going to do it would have taken £60million. Building a new stadium is one thing, it's running costs are something else. Rates; electricity: gas: maintenance; wages, and it was said that it would employ up to 200 people. So new stadium 40 mill, running cost for first year 1 mill, pay off debts 8 mill, buy shares, possibly 10 mill? and are you going to buy the Mem whilst building the new ground? well that's another 15 mill or thereabouts. And you probably not see a penny back. We don't investors, we need a sugar daddy Surely whether the investors can afford the deal is a separate issue, as at the moment NH is denying there's anybody interested, not that there is a consortium interested but he doesn't believe they can afford to complete the project? Given NH always sold the UWE on it's fantastic income streams perhaps the consortium agree with him and see this as a fantastic investment opportunity? Don't forget the owners of Wasps felt paying £30m for the Rioch Staduim was a good move, and they don't appear asset strippers etc. Likewise both Rotherham & Brighton have found someone who'll invest big money to build them new stadia. As far as paying £10m for Rovers shares that sounds like holding the investors to ransom, are you NH in disguise?? |
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Post by Gashead73 on Sept 25, 2015 12:41:48 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling. Here's to another 20 pages. UTG! if you are starting work there are a plethora of names you could go for. - workgas - ihatemondaysgas - mybossisacuntgas - workingforthemangas - stuckinacorporatenightmaregas - ipaytaxgas - anotherdayolderanddeeperindebtgas Think I would rather be jobseekersallowancegas than McDonaldsgas! |
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Post by gasincider on Sept 25, 2015 13:05:40 GMT
Looking back it was never going to happen, to do all the things the "consortium" were going to do it would have taken £60million. Building a new stadium is one thing, it's running costs are something else. Rates; electricity: gas: maintenance; wages, and it was said that it would employ up to 200 people. So new stadium 40 mill, running cost for first year 1 mill, pay off debts 8 mill, buy shares, possibly 10 mill? and are you going to buy the Mem whilst building the new ground? well that's another 15 mill or so How do you know all the things the consortium are going to do? How much are it's running costs? There is already a cost on these bases at the Mem. It's more relevant to ask how much will the increase be? Who said it will employ up to 200people? Maybe in the championship, but not just yet. Pay off debts of £8m Buy shares. £ 10m Then buy Mem. The value of the shares is the stadium less debts. So if stadium is £12m and debts are £8m, The shares would cost £4m after repaying the debts of £8m = £12m plus £35-£40m for the new UWE. A total of approximately £50 m. So initial outlay is about £50m. I'm no accountant but that's a £10m saving on your guess at the outset. And of course I'm guessing as well. But I'd bet my guess is more accurate. Keep the faith UTG |
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Post by Henbury Gas on Sept 25, 2015 13:09:03 GMT
Looking back it was never going to happen, to do all the things the "consortium" were going to do it would have taken £60million. Building a new stadium is one thing, it's running costs are something else. Rates; electricity: gas: maintenance; wages, and it was said that it would employ up to 200 people. So new stadium 40 mill, running cost for first year 1 mill, pay off debts 8 mill, buy shares, possibly 10 mill? and are you going to buy the Mem whilst building the new ground? well that's another 15 mill or so How do you know all the things the consortium are going to do? How much are it's running costs? There is already a cost on these bases at the Mem. It's more relevant to ask how much will the increase be? Who said it will employ up to 200people? Maybe in the championship, but not just yet. Pay off debts of £8m Buy shares. £ 10m Then buy Mem. The value of the shares is the stadium less debts. So if stadium is £12m and debts are £8m, The shares would cost £4m after repaying the debts of £8m = £12m plus £35-£40m for the new UWE. A total of approximately £50 m. So initial outlay is about £50m. I'm no accountant but that's a £10m saving on your guess at the outset. And of course I'm guessing as well. But I'd bet my guess is more accurate. Pocket money to our American friends..  |
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Post by Mancgas has left the building on Sept 25, 2015 13:12:26 GMT
Who employed the manager and then acted as DOF when he signed the players who eventually let us down? Just checking are you absolutely certain that NH signed the players that subsequently got us relegated Ask the then management how much they knew about losing Richards in the Gow deal. |
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Post by Topper Gas on Sept 25, 2015 13:20:17 GMT
Rotherham Utd's latest accounts showed turnover up 55% to £11m generating a gross progit of £2.5m, if we had anything like thier success since they moved into their new ground I'm sure we'd have far bigger attendences/turnover/profits? The ground itself would also generate non football related income/profits.
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Post by Dr Gas on Sept 25, 2015 13:43:22 GMT
Thanks for all of positive reactions to my lengthy posts. I do have too much time on my hands atm, I've finished uni, but don't start work for a couple of weeks yet. Probably need to change my forum name, or take up unicycling.
Here's to another 20 pages. UTG! Or grow a horn. |
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Post by Dr Gas on Sept 25, 2015 13:48:47 GMT
A round up of this extremely long, record-breaking, ground-breaking, possibly meaningless, possible meaningful, but definitely super super super long thread (part 1)Page 14: Neil Warnock becomes the latest name mentioned, its like a pre-season transfer thread with this amount of speculation. Amongst all of this baggins is becoming the forum’s voice of reason.
This is too scary for words. T'is the Twilight Zone incarnate. |
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Post by Deleted on Sept 25, 2015 14:08:35 GMT
I will tell you this if he is involved in any way the deal is dead,he has already been rebuffed this year What if he's come back with a better offer padstow? Do you think NH would still not entertain it because of the history? Precisely and because he has less money than NH |
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