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Post by Deleted on Mar 18, 2016 13:52:04 GMT
The bloke obviously is good at his job, other wise he would have been gone.
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Post by Deleted on Mar 18, 2016 16:31:57 GMT
IMO, Toni gets a panning for whatever he says. I think we should give the guy a break right now. His hands were tied as much by Higgs as anything else and whilst I admit he has scored a couple of own goals, the new regime see something in him they need at the moment. They likely sent TW because all the rest of the board members were away/busy and TW is still the most senior man at the club available but he may have only certain information to give. He also said "I am sure I am going to be criticised" so he must read the forums and see what people say about him. He is also a gashead and we have people telling him to eff off out of the club, he is still a fellow supporter so deserves a modicum of respect. There are some on here who are witch hunting for a head to roll, last week Ed Ware was accused of underhanded profiteering and using the club to do so with little evidence. Its easy to be an arm chair director and tell someone how to run businesses but I doubt these people slating him are any more qualified than TW himself and would be able to do a job any differently under the same constraints, pressure and scrutiny. He is a Coventry City supporter. Is he? Don't talk to him then. |
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Post by Strange Gas on Mar 18, 2016 19:23:00 GMT
IMO, Toni gets a panning for whatever he says. I think we should give the guy a break right now. His hands were tied as much by Higgs as anything else and whilst I admit he has scored a couple of own goals, the new regime see something in him they need at the moment. They likely sent TW because all the rest of the board members were away/busy and TW is still the most senior man at the club available but he may have only certain information to give. He also said "I am sure I am going to be criticised" so he must read the forums and see what people say about him. He is also a gashead and we have people telling him to eff off out of the club, he is still a fellow supporter so deserves a modicum of respect. There are some on here who are witch hunting for a head to roll, last week Ed Ware was accused of underhanded profiteering and using the club to do so with little evidence. Its easy to be an arm chair director and tell someone how to run businesses but I doubt these people slating him are any more qualified than TW himself and would be able to do a job any differently under the same constraints, pressure and scrutiny. His hands may have been tied but his mouth wasn't, but was responsible for classics like "watertight", "only in relegation zone for 20 minutes" and "we didn't have a plan for relegation" and that was all in one evening! Even without an accountancy qualification, you'd have to question his judgement. But if I was Wael, I would keep him on as he is probably the only person who actually knows about the various peculiar financial structures that exist at the club. Its his work and he is best placed to help unpick it. If he is any good, he has a good chance to give himself a break, can't say fairer than that |
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Post by Gastroenteritis on Mar 18, 2016 19:32:16 GMT
It's a pity some of you were not able to hear Lee Atkins talking about how the project is being taken forward at the shareholders annual meeting. It was crystal clear that nothing hinged on today's events. can you give us some more details mukka |
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Post by Topper Gas on Mar 18, 2016 19:35:53 GMT
Pretty sure the "watertight" comments were made by NH? But as other poster have said could NH really have said the contract is not worth the paper it's written on, whilst still pursuing Sainsbury's though the courts and so keeping the UWE project alive?
I guess if we ever sit in the UWE we will owe NH & TW etc some gratitude, as if they'd just given up the fight when Sainsbury's walked then we'd be now stuck at the Mem with no money nor a new stadium project as Al-Q's wouldn't be interested in buying a Div 2 club stuck at the Mem.
Having said that what does this mean from last night's B Post "He added that the current owners were fully aware of what that plan is, but confirmed that members of the new regime were in London today exploring the possibility of securing alternative finance in a bid to get the long-running project underway as soon as possible"
I thought financing the UWE wasn't an issue??
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Post by Antonio Fargas on Mar 19, 2016 9:26:12 GMT
Pretty sure the "watertight" comments were made by NH? But as other poster have said could NH really have said the contract is not worth the paper it's written on, whilst still pursuing Sainsbury's though the courts and so keeping the UWE project alive? I guess if we ever sit in the UWE we will owe NH & TW etc some gratitude, as if they'd just given up the fight when Sainsbury's walked then we'd be now stuck at the Mem with no money nor a new stadium project as Al-Q's wouldn't be interested in buying a Div 2 club stuck at the Mem. Having said that what does this mean from last night's B Post "He added that the current owners were fully aware of what that plan is, but confirmed that members of the new regime were in London today exploring the possibility of securing alternative finance in a bid to get the long-running project underway as soon as possible" I thought financing the UWE wasn't an issue?? Well, you can over-analyse. Istm if I wanted to buy a second hand car I'd still be exploring the possibility of buying one, until I actually bought it. And even if I wanted to buy a crappy bike for 50 quid, I'd still have to go to the cashpoint. |
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Post by knowall on Mar 19, 2016 10:18:13 GMT
he knows where all the skeletons are |
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Post by phillistine on Mar 19, 2016 10:19:42 GMT
Pretty sure the "watertight" comments were made by NH? But as other poster have said could NH really have said the contract is not worth the paper it's written on, whilst still pursuing Sainsbury's though the courts and so keeping the UWE project alive? I guess if we ever sit in the UWE we will owe NH & TW etc some gratitude, as if they'd just given up the fight when Sainsbury's walked then we'd be now stuck at the Mem with no money nor a new stadium project as Al-Q's wouldn't be interested in buying a Div 2 club stuck at the Mem. Having said that what does this mean from last night's B Post "He added that the current owners were fully aware of what that plan is, but confirmed that members of the new regime were in London today exploring the possibility of securing alternative finance in a bid to get the long-running project underway as soon as possible" I thought financing the UWE wasn't an issue?? It is apparent that some monied owners see their footie clubs as a personal indulgence, a toy at which they will continue to throw personal or business money. This is ok whilst the guy behind it is happy to play but if the individuals personal situation changes then the proverbial "s**t" hits the fan. It would seem that our owners are business men through and through and are looking at Rovers as an investment that will wipe its own backside rather than an indulgence. For this reason they want a stadium which has many uses and finance is being commercially raised at the best rates they can negotiate to keep this as a stand alone project. This doesnt mean that the owners couldn't pay for the rebuild themselves and indeed any finance raised will need a certain amount of guarantees because a financial institution is not going to lend upwards of £20 million to Dwane Sports , a new start up, without good reason. We also have to be aware that they own 92% of the club which effectively means that if the family make the club worth say £30 million by personal investment, the 8% fan shareholding will suddenly be worth £2.4 million - happy Christmas everyone. Alternatively they could say that if the club needs to raise say £30 million then Dwane Sports will put in £27.6m and the fans will need to raise £2.4 million ( being 8% of the monies needed.). This ceases to be an issue id BRFC Ltd raises the money . As it is a good chunk of the existing debt has already been paid off but I suspect that this was part of the purchase agreed for the 92% with NH and crew to relieve them of any guarantees. |
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Post by knowall on Mar 19, 2016 10:23:57 GMT
The bloke obviously is good at his job, other wise he would have been gone. As a Director once famously said of Twatola - 'if he was any good he would not be working for us'! |
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Post by womble on Mar 19, 2016 10:31:08 GMT
Pretty sure the "watertight" comments were made by NH? But as other poster have said could NH really have said the contract is not worth the paper it's written on, whilst still pursuing Sainsbury's though the courts and so keeping the UWE project alive? I guess if we ever sit in the UWE we will owe NH & TW etc some gratitude, as if they'd just given up the fight when Sainsbury's walked then we'd be now stuck at the Mem with no money nor a new stadium project as Al-Q's wouldn't be interested in buying a Div 2 club stuck at the Mem. Having said that what does this mean from last night's B Post "He added that the current owners were fully aware of what that plan is, but confirmed that members of the new regime were in London today exploring the possibility of securing alternative finance in a bid to get the long-running project underway as soon as possible" I thought financing the UWE wasn't an issue?? If you watch Keith Brookman's interview with TW, particularly 3.30 onwards, he does not use the word possibility, about financing for UWE. The Post may not have quoted him verbatim. |
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Post by Topper Gas on Mar 19, 2016 11:07:08 GMT
Pretty sure the "watertight" comments were made by NH? But as other poster have said could NH really have said the contract is not worth the paper it's written on, whilst still pursuing Sainsbury's though the courts and so keeping the UWE project alive? I guess if we ever sit in the UWE we will owe NH & TW etc some gratitude, as if they'd just given up the fight when Sainsbury's walked then we'd be now stuck at the Mem with no money nor a new stadium project as Al-Q's wouldn't be interested in buying a Div 2 club stuck at the Mem. Having said that what does this mean from last night's B Post "He added that the current owners were fully aware of what that plan is, but confirmed that members of the new regime were in London today exploring the possibility of securing alternative finance in a bid to get the long-running project underway as soon as possible" I thought financing the UWE wasn't an issue?? If you watch Keith Brookman's interview with TW, particularly 3.30 onwards, he does not use the word possibility, about financing for UWE. The Post may not have quoted him verbatim. But was this the same interview given they've quoted it's speak marks you'd hope the reporter would quote him verbatim? Although I guess we are talking about a B Post reporter! I still can't understand why somebody who owns a bank needs to seek external finance. |
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Post by Severncider on Mar 19, 2016 11:28:58 GMT
If you watch Keith Brookman's interview with TW, particularly 3.30 onwards, he does not use the word possibility, about financing for UWE. The Post may not have quoted him verbatim. But was this the same interview given they've quoted it's speak marks you'd hope the reporter would quote him verbatim? Although I guess we are talking about a B Post reporter! I still can't understand why somebody who owns a bank needs to seek external finance. Because there are people willing to pay for building UWE even at this late stage |
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Post by Deleted on Mar 19, 2016 12:22:32 GMT
The bloke obviously is good at his job, other wise he would have been gone. As a Director once famously said of Twatola - 'if he was any good he would not be working for us'! Spot on, I must have heard it from the same Director. |
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Post by Topper Gas on Mar 19, 2016 14:01:13 GMT
As a Director once famously said of Twatola - 'if he was any good he would not be working for us'! Spot on, I must have heard it from the same Director. Surely you could say that about anybody who doesn't work for the likes of Arsenal etc? As there's a better club to work for? |
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Post by Topper Gas on Mar 19, 2016 14:04:04 GMT
Because there are people willing to pay for building UWE even at this late stage Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. |
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Post by Deleted on Mar 19, 2016 15:46:47 GMT
Because there are people willing to pay for building UWE even at this late stage Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. Where is it stated they are borrowing money? I thought they were talking to investors! |
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Post by knowall on Mar 19, 2016 17:01:36 GMT
Because there are people willing to pay for building UWE even at this late stage Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. put simply = Banks don't have their own money - they borrow and lend the money they have borrowed at a premium. |
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Post by nsgas on Mar 19, 2016 17:45:14 GMT
Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. put simply = Banks don't have their own money - they borrow and lend the money they have borrowed at a premium. Then if they lent themselves the money, they wouldn't have to pay the premium. |
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Post by Topper Gas on Mar 19, 2016 18:15:33 GMT
Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. Where is it stated they are borrowing money? I thought they were talking to investors! I thought they were "funders" rather than investors, I read that as looking for funding for the UWE, not looking for somebody to invest in the stadium, which would surely mean they'd want shares in the stadium in exchange for their investment? |
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Post by beaver132 on Mar 19, 2016 18:25:29 GMT
Because there are people willing to pay for building UWE even at this late stage Still don't understand why you'd borrow money from a competitor, it's like Barclays lending me money they get from RBS, or Ford buying cars from Vaxhall. If the Jordanian Bank was a small outfit I could see the logic but not one worth billions. I guess it'll all make sense eventually. Banks do borrow from each other. It's called the interbank exchange rate or something like that. Barclays and others got into bother recently for 'fixing' the rate. |
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