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Post by madridgas on Feb 19, 2016 17:37:33 GMT
Having seen the interviews of both the new owner and the new chairman, I like what they both said about building the club "brick by brick" or year by year
IMHO this is how a financially savvy person (you know the sort that went to Harvard) might rebuild the club:
- Brick one - Repay the MSP loan - ASAP - It is bleeding us cash (So that will be £3m that has been invested / lent on top of whatever the purchase cost was)
- Brick two - Look at the financial structure of the club - How could we lose £900k last year? I am not convinced it is only just players wages, but a combination of a better run club, better marketing / commercial sales etc. (Steady the boat)
- Brick three - Back Darryl with a little money to get some loan players in if needed - Making the Play-Offs can be a great money spinner for the club as well as being fantastic for the fans (Keep the good feeling going)
- Brick four - Review the UWE project and if it is really in the interests of the club - Push on ASAP
If we do this, keep Darryl and what is so good on the pitch, not only could there be a good future for the club but I'd certainly still be saying "We've got our Rovers back"
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Post by Dirt Dogg on Feb 19, 2016 17:42:19 GMT
Good post. The UWE isn't essential right away but we need to move into a new ground in the next 3 years. I'm glad the commercial side of the club was mentioned as that's something that has been sh*te for years and needs to be resolved. Now BB has gone maybe we'll see a Nike or Adidas kit next year? After all, our affinity with Errea came from BB.
Getting back into league 1 in the next two years should also be an aim. Anything after that will be a bonus! Such an exciting day in our clubs history, I hope the future for us is a good one!
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Post by paulrandallstash on Feb 19, 2016 17:53:28 GMT
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Post by inee on Feb 19, 2016 18:02:44 GMT
Having seen the interviews of both the new owner and the new chairman, I like what they both said about building the club "brick by brick" or year by year IMHO this is how a financially savvy person (you know the sort that went to Harvard) might rebuild the club: - Brick one - Repay the MSP loan - ASAP - It is bleeding us cash (So that will be £3m that has been invested / lent on top of whatever the purchase cost was) - Brick two - Look at the financial structure of the club - How could we lose £900k last year? I am not convinced it is only just players wages, but a combination of a better run club, better marketing / commercial sales etc. (Steady the boat) - Brick three - Back Darryl with a little money to get some loan players in if needed - Making the Play-Offs can be a great money spinner for the club as well as being fantastic for the fans (Keep the good feeling going) - Brick four - Review the UWE project and if it is really in the interests of the club - Push on ASAP If we do this, keep Darryl and what is so good on the pitch, not only could there be a good future for the club but I'd certainly still be saying "We've got our Rovers back" Mostly agree but the first brick should be to pay back ex directors and investors loans as without them we wouldn't be here, first ones should be people like GD and others who have been waiting a while
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Post by madridgas on Feb 19, 2016 18:10:18 GMT
Having seen the interviews of both the new owner and the new chairman, I like what they both said about building the club "brick by brick" or year by year IMHO this is how a financially savvy person (you know the sort that went to Harvard) might rebuild the club: - Brick one - Repay the MSP loan - ASAP - It is bleeding us cash (So that will be £3m that has been invested / lent on top of whatever the purchase cost was) - Brick two - Look at the financial structure of the club - How could we lose £900k last year? I am not convinced it is only just players wages, but a combination of a better run club, better marketing / commercial sales etc. (Steady the boat) - Brick three - Back Darryl with a little money to get some loan players in if needed - Making the Play-Offs can be a great money spinner for the club as well as being fantastic for the fans (Keep the good feeling going) - Brick four - Review the UWE project and if it is really in the interests of the club - Push on ASAP If we do this, keep Darryl and what is so good on the pitch, not only could there be a good future for the club but I'd certainly still be saying "We've got our Rovers back" Mostly agree but the first brick should be to pay back ex directors and investors loans as without them we wouldn't be here, first ones should be people like GD and others who have been waiting a while Great point and fully agree. Both non interest and interest bearing loans for those that want repaying.
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Post by Topper Gas on Feb 19, 2016 18:31:25 GMT
Having seen the interviews of both the new owner and the new chairman, I like what they both said about building the club "brick by brick" or year by year IMHO this is how a financially savvy person (you know the sort that went to Harvard) might rebuild the club: - Brick one - Repay the MSP loan - ASAP - It is bleeding us cash (So that will be £3m that has been invested / lent on top of whatever the purchase cost was) - Brick two - Look at the financial structure of the club - How could we lose £900k last year? I am not convinced it is only just players wages, but a combination of a better run club, better marketing / commercial sales etc. (Steady the boat) - Brick three - Back Darryl with a little money to get some loan players in if needed - Making the Play-Offs can be a great money spinner for the club as well as being fantastic for the fans (Keep the good feeling going) - Brick four - Review the UWE project and if it is really in the interests of the club - Push on ASAP If we do this, keep Darryl and what is so good on the pitch, not only could there be a good future for the club but I'd certainly still be saying "We've got our Rovers back" Mostly agree but the first brick should be to pay back ex directors and investors loans as without them we wouldn't be here, first ones should be people like GD and others who have been waiting a while Surely that's all done and dusted as otherwise NH & co wouldn't be handing over control? I also assume if due diligence has taken place the new owners will already know where the club is leaking money/where money can be made. Given we're in touch of a Play Off place they really need to back DC with money to get in players to ensure we at least make the Play Offs, then they want to tie Lockyer into a decent contract plus any other players DC is worried about losing in the summer. I assume they'll also want to ensure DC's not going to jump ship? Once the Sainsbury's decision is known they then need to either press on with the UWE plans or, if that's a non starter, look at developing the Mem.
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Post by seanclevedongas on Feb 19, 2016 19:10:07 GMT
All debt has been cleared according to one of the interviews I heard???
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Post by Henbury Gas on Feb 19, 2016 19:15:59 GMT
The holdup with the UWE and the subject of many discussions since Sept is that Rovers want to BUY the land from the UWE not "Rent" it
Taken from an interview with the new chairman on the Radio
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Post by pirateman on Feb 19, 2016 19:24:10 GMT
I would be much happier if we owned the land
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Post by justin blue on Feb 19, 2016 19:25:09 GMT
I would hope that the new owners would be able to consolidate our debts as they are in the banking business or maybe they will clear our debts. I think they are waiting for the court case result so that they have the full picture before they start building the bright new future.......................................Oh f@@k all this cautious optimism We're so rich its unbelievable look out football world there is a new kid on the block.
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Post by inee on Feb 20, 2016 11:42:15 GMT
Mostly agree but the first brick should be to pay back ex directors and investors loans as without them we wouldn't be here, first ones should be people like GD and others who have been waiting a while Surely that's all done and dusted as otherwise NH & co wouldn't be handing over control? I also assume if due diligence has taken place the new owners will already know where the club is leaking money/where money can be made. Given we're in touch of a Play Off place they really need to back DC with money to get in players to ensure we at least make the Play Offs, then they want to tie Lockyer into a decent contract plus any other players DC is worried about losing in the summer. I assume they'll also want to ensure DC's not going to jump ship? Once the Sainsbury's decision is known they then need to either press on with the UWE plans or, if that's a non starter, look at developing the Mem. Sorry fella there was so much to read i missed the part where they said all debts were sorted . But it's just we are so used to this or that loan outstanding it's too much to take in that we are once again debt free
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Post by lpgas on Feb 20, 2016 11:48:03 GMT
Mostly agree but the first brick should be to pay back ex directors and investors loans as without them we wouldn't be here, first ones should be people like GD and others who have been waiting a while Surely that's all done and dusted as otherwise NH & co wouldn't be handing over control? I also assume if due diligence has taken place the new owners will already know where the club is leaking money/where money can be made. Given we're in touch of a Play Off place they really need to back DC with money to get in players to ensure we at least make the Play Offs, then they want to tie Lockyer into a decent contract plus any other players DC is worried about losing in the summer. I assume they'll also want to ensure DC's not going to jump ship? Once the Sainsbury's decision is known they then need to either press on with the UWE plans or, if that's a non starter, look at developing the Mem. It aint going to happen. They want a new ground. They said this in the new chairmans interview. And that is good because the Mem is 40 years out of date: Land locked with no where to expand.
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Post by beaver132 on Feb 20, 2016 13:33:42 GMT
All debt has been cleared according to one of the interviews I heard??? I understood he said something like 'would be cleared' and 'in time'?
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Post by madridgas on Feb 20, 2016 17:55:07 GMT
All debt has been cleared according to one of the interviews I heard??? I understood he said something like 'would be cleared' and 'in time'? Again IMHO he is a businessman and will go about things in the right way. If the interest cost is expensive e.g. MSP capital i'd expect it to be repaid ASAP. If it is interest free then from a business perspective you wouldn't rush to repay it, but as that was £1.5m+ with NH being the biggest lender I expect that this has fully been taken into account during the sales process
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Post by madridgas on Feb 20, 2016 18:58:00 GMT
So how much has he already put in? How much was paid for the share purchased? Amazed that no one has asked.
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Post by Congas on Feb 20, 2016 19:43:52 GMT
20 man asked him but he politely refused to comment. So would I to be honest
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Post by inee on Feb 20, 2016 21:03:59 GMT
surely the figures will be available in next years accounts
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Post by madridgas on Feb 20, 2016 23:11:50 GMT
surely the figures will be available in next years accounts Unfortunately not. The new owners have bought the shares of the club (well 92%). Next years accounts will probably just show the repayment of loans, etc. as with over four months of the financial year left it will be difficult for them to significantly change the trading position
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Post by Topper Gas on Feb 20, 2016 23:40:55 GMT
The holdup with the UWE and the subject of many discussions since Sept is that Rovers want to BUY the land from the UWE not "Rent" it Taken from an interview with the new chairman on the Radio If they won't sell what then look elsewhere, such as Filton airport land or press on with the UWE regardless?
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Post by inee on Feb 21, 2016 12:42:21 GMT
surely the figures will be available in next years accounts Unfortunately not. The new owners have bought the shares of the club (well 92%). Next years accounts will probably just show the repayment of loans, etc. as with over four months of the financial year left it will be difficult for them to significantly change the trading position but it will show if we are debt free as you said so we can get a fair guess of the price, one thing that hasn't been mentioned is we suspect they have bought BRFC the club, but no mention as far as i can tell has been made about the other companies linked to the club like the one that owns thwe ground etc
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