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Post by simon1883 on Feb 19, 2016 9:00:03 GMT
I think that is now the issue. Assuming we lose the court case, and with £10m+ debts, where is our stadium? Or even, where is our better team? This has to be just an investment, and I would bet the incorrect shareholding figures disclosed the other day were the situation after this all happened. This will mean NH and co will remain, but if they do, I hope they let the Jordanians run it. We've all surely had enough of being run like a banana republic. If so, what will we get for 38% of our club? I can't believe it will be a new stadium or team because to do all that surely they would want to take us over. Be careful what we wish for. As I understand it even now, the original consortium have not gone away. They were going to publically declare they would build the UWE and invest a lot of money in the playing side. So sadly, but hopefully, this may not be over yet. But if they don't come out now it will be all over. Someone really needs to poke the other lot. This is obviously the best deal for those owed money? Not the club?
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Post by axegas on Feb 19, 2016 9:01:14 GMT
Not doubting you at all but it seems a bit odd that they'd send a family member over to run the club if it was just a small investment. Can't believe he'll just be coming here to eat pasties and watch a couple of games of League 2 football. They take over HSBC in the world of business but they watch league 2 football in their spare time! Unless he's making us a feeder club for Chelsea of course... WHAT!? Take over HSBC? They're that big!? Yeah their bank bought 1.2 billion of HSBCs Shares have control of them in the Middle East, I saw figure that they were worth 430 million but I could have misread
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Post by gasincider on Feb 19, 2016 9:01:26 GMT
I think what threw a lot of people during this saga, was why would anyone want to invest millions in a League 2 team in a sh*t stadium. For those that can't see it even now, think of the bigger picture.
There is a massive infrastructure development about to take place at Frenchay.
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Post by simon1883 on Feb 19, 2016 9:03:23 GMT
I think what threw a lot of people during this saga, was why would anyone want to invest millions in a League 2 team in a sh*t stadium. For those that can't see it even now, think of the bigger picture. There is a massive infrastructure development about to take place at Frenchay. The income stream that develoment will make will be massive if the right people are in place. How much of it will assist the FC is open to speculation. They see this as a business opportunity not an FC opportunity in my eyes. I could, and want to be wrong.
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Post by oddsongas on Feb 19, 2016 9:04:10 GMT
I think what threw a lot of people during this saga, was why would anyone want to invest millions in a League 2 team in a sh*t stadium. For those that can't see it even now, think of the bigger picture. There is a massive infrastructure development about to take place at Frenchay. I know you think the other consortium is a better deal, but surely this deal isn't as bad as you and others are thinking? It's got to be better than the current set up?
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Post by dinsdale on Feb 19, 2016 9:06:23 GMT
People just assume its bad because they are foreign. Lets be honest i can't think of anything as bad for the club as what we have now.
If BRFC are not yet in their hearts we all have a duty to put it their !!!
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Post by Topper Gas on Feb 19, 2016 9:07:40 GMT
I think that is now the issue. Assuming we lose the court case, and with £10m+ debts, where is our stadium? Or even, where is our better team? This has to be just an investment, and I would bet the incorrect shareholding figures disclosed the other day were the situation after this all happened. This will mean NH and co will remain, but if they do, I hope they let the Jordanians run it. We've all surely had enough of being run like a banana republic. If so, what will we get for 38% of our club? I can't believe it will be a new stadium or team because to do all that surely they would want to take us over. Be careful what we wish for. As I understand it even now, the original consortium have not gone away. They were going to publically declare they would build the UWE and invest a lot of money in the playing side. So sadly, but hopefully, this may not be over yet. But if they don't come out now it will be all over. The big question must surely be is this an investemnt by Al Qadi family, or just a loan from thier bank, also do they plan on still going ahead with building the UWE to plan A, or reverting to Plan B? We really need more info before we can work out if this is a good or bad move for the club/fans. Although the real winners are MSP who get thier loan back plus 14.4% interest! It looks like the consortium, if they existed, may have missed their chance if a deal has been signed?
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Post by Henbury Gas on Feb 19, 2016 9:07:44 GMT
The Power List: Where Wealth And Influence Lie In Jordan’s Business World ABDULKADER AL-QADI FAMILYPROMINENT INDIVIDUALS: Abdulkader Abdullah al-Qadi, Chairman of the Arab Jordan Investment Bank PLC (AJIB), Hani Abdulkader al-Qadi, AJIB CEO and General Manager. MAIN SECTORS: Banking and tourism. WHY THEY MATTER: With its takeover of HSBC’s assets in Jordan, AJIB has become a banking force to be reckoned with. Abdulkader Abdullah al-Qadi started his career in Qatar, where he acted as a financial adviser to senior officials. He then came back to Jordan to establish the Arab Jordan Investment Bank (AJIB) in 1978. AJIB has a banking arm based in Qatar, the Arab Jordan Investment Bank (Qatar) L.L.C., which was founded in 2006 to serve clients in the Gulf region. It also has two subsidiaries; the United Arab Jordan Company for Investment and Financial Brokerage and the Arab Advisors Group, a research and consulting company. Abdulkader al-Qadi is a main shareholder with 17.6 percent. His sons—Hani, Samer, and Wael—are also prominent shareholders with combined shares of 13.5 percent. The bank’s growing importance in Jordan’s banking sector is clear with the list of shareholders including the Libyan Foreign Bank (12.79 percent), the Arab Investment Company (10.25 percent), Sheikh Hamad bin Jassim bin Jaber Al Thani (9 percent), and Jordan’s Social Security Corporation (4 percent). AJIB’s investment capabilities have contributed to its growth locally and regionally. A major new $1.2 billion deal to acquire HSBC bank’s assets in Jordan proved the bank is a powerhouse and a force to be reckoned with. Following the agreement, AJIB decided to raise the bank’s capital to JD150 million, from JD100 million. Under the takeover plan, which is due to be completed by May-June of this year, AJIB will take on HSBC’s 36,000 retail and 2,000 corporate customers, as well as most of the bank’s 250 full-time employees. Commenting on the deal, Hani al-Qadi said the acquisition was part of AJIB’s growth strategy, and the business acquired complemented the bank’s existing product line and consolidated its market share in the Jordanian market. Abdulkader al-Qadi and his sons are also major shareholders in the Mediterranean Tourism Investment company which owns the lavish Four Seasons Hotel Amman. Abdulkader al-Qadi is the company’s chairman. www.venture-mag.com/index.php?option=com_k2&view=item&id=675:the-power-list-where-wealth-and-influence-lie-in-jordan%E2%80%99s-business-world&Itemid=3 Do they own MSP as well ?
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Post by Henbury Gas on Feb 19, 2016 9:09:24 GMT
I think what threw a lot of people during this saga, was why would anyone want to invest millions in a League 2 team in a sh*t stadium. For those that can't see it even now, think of the bigger picture. There is a massive infrastructure development about to take place at Frenchay. I can confirm in the order of £300m including hotels etc
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Post by garystash on Feb 19, 2016 9:09:28 GMT
I think if we now get our debts paid, UWE built, and the club own the stadium - we've done extremely well. Anything else is a bonus.
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Post by Gasshole on Feb 19, 2016 9:09:22 GMT
We should buy Ashton gate and rebuild it in the desert ala Dismal land. We should buy everything, were rich. I'm gonna build a swimming pool in the back yard, then drive my Toyota into it.
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Post by Hugo the Elder on Feb 19, 2016 9:10:13 GMT
People just assume its bad because they are foreign. Lets be honest i can't think of anything as bad for the club as what we have now. If BRFC are not yet in their hearts we all have a duty to put it their !!! I assume its bad because "investment" suggests we will keep the same people in charge. Do you trust Toni to run things any better than the last 10yrs, especially if he has a few Dinars in his back pocket? A fish rots from the head. We need a serious look at the mistakes of the past so we can be sure we make the most of any potential influx of money.
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Post by garystash on Feb 19, 2016 9:10:47 GMT
I think what threw a lot of people during this saga, was why would anyone want to invest millions in a League 2 team in a sh*t stadium. For those that can't see it even now, think of the bigger picture. There is a massive infrastructure development about to take place at Frenchay. I can confirm in the order of £300m including hotels etc Actually - this family are in travel. Wonder how interested they are in hotels etc in the area?
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Post by Captain Jayho on Feb 19, 2016 9:12:06 GMT
People just assume its bad because they are foreign. Lets be honest i can't think of anything as bad for the club as what we have now. If BRFC are not yet in their hearts we all have a duty to put it their !!! I assume its bad because "investment" suggests we will keep the same people in charge. Do you trust Toni to run things any better than the last 10yrs, especially if he has a few Dinars in his back pocket? A fish rots from the head. We need a serious look at the mistakes of the past so we can be sure we make the most of any potential influx of money. Toni's probably bricking it. A firm of bankers looking over his shoulder full time checking up on him must be like his worst nightmare.
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Post by therovers on Feb 19, 2016 9:13:01 GMT
I literally feel sick, my stomachs going round and round waiting for an announcement on the website. Please be as good as I'm dreaming!!
UTG
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Post by oddsongas on Feb 19, 2016 9:14:21 GMT
People just assume its bad because they are foreign. Lets be honest i can't think of anything as bad for the club as what we have now. If BRFC are not yet in their hearts we all have a duty to put it their !!! I assume its bad because "investment" suggests we will keep the same people in charge. Do you trust Toni to run things any better than the last 10yrs, especially if he has a few Dinars in his back pocket? A fish rots from the head. We need a serious look at the mistakes of the past so we can be sure we make the most of any potential influx of money. But surely the people investing will be a lot tighter with how things are run. As its their money they are putting in.
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Post by Severncider on Feb 19, 2016 9:15:39 GMT
So is there a press conference today? The BEP just say talks in an advanced stage which would suggest not? Could be cancelled due the item in the Evening Post
However, I'd be amazed if BRFC do not get out a comment before the end of today.
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Post by Henbury Gas on Feb 19, 2016 9:16:00 GMT
I assume its bad because "investment" suggests we will keep the same people in charge. Do you trust Toni to run things any better than the last 10yrs, especially if he has a few Dinars in his back pocket? A fish rots from the head. We need a serious look at the mistakes of the past so we can be sure we make the most of any potential influx of money. But surely the people investing will be a lot tighter with how things are run. As its their money they are putting in. i can see a "Director of operations" being appointed sometime very soon
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Post by grayraydon on Feb 19, 2016 9:17:03 GMT
Well I'm quite happy with this news, as others have said I can't see how they could possibly be bad/any worse for us than what we've been through over the last few years, I honestly can't believe they're going to invest any amount of money without the aim of making money and to do that we have to be a success.
As garystash says if we get the debts cleared, UWE built and we own it then that is already a million times better than what we have now, or 10 million!
Also I can stop thinking about all the possibilites so much, I have been thinking about it so much I genuinely had a dream about it last night where nobby was involved with the new takeover, fez and all!! I woke up very disturbed.
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Post by tommym9 on Feb 19, 2016 9:17:06 GMT
I assume its bad because "investment" suggests we will keep the same people in charge. Do you trust Toni to run things any better than the last 10yrs, especially if he has a few Dinars in his back pocket? A fish rots from the head. We need a serious look at the mistakes of the past so we can be sure we make the most of any potential influx of money. But surely the people investing will be a lot tighter with how things are run. As its their money they are putting in. That's my thinking, people who have built up a fortune worth hundreds of millions will run a tighter ship than the current board. I'm waiting with baited breath for an official announcement and details of the plans for taking the club forward. I'll reserve judgement until then
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