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Post by xplosivgas on Mar 26, 2016 9:16:33 GMT
Are you worried? I never got caught in the wealth hysteria, just all the other stuff. Wael and the gang didn't get where they are now without a hell of a lot of bizniz acumen. Doesn't bother me how it's delivered, so long as BRFC are the primary beneficiaries. Surely that depends on where the debt lies? If it's upto £60m against the club, rather than the owners, we're really in no better position now than under NH, apart from, probably, being better run? I suppose it won't be so bad if the owners team up with partners/investors who will get money back only if the stadium project is profitable, but if the funds are by way of a bank loan which needs monthly repayments......that could be problematic!
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Post by Gastroenteritis on Mar 26, 2016 9:40:42 GMT
I think we are getting a bit concerned over nothing, I'm pretty certain Wembley wasn't funded only by the FA. Modern business projects requires a multitude of investors all giving and gaining different benefits. I haven't done any research, but I'm sure if you look at how the modern stadiums in the prem have been financed I would expect a multitude of investors. Think about it, it's limiting Waels liability if all goes tits up. 40-60m is a lot for one guy to lose. If I had 250k I wouldn't buy a house outright with it, I would stick 50k down as a deposit, mortgage the rest and spend the 200k on a used Ferrari, hookers and Quaaludes. Booooooom!!!!
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Post by gashead1 on Mar 26, 2016 9:45:20 GMT
henbury....are you on the planning department for south glos council? Nope i own a computer shop in Westbury on trym But a lifelong friend is a senior planning officer for South Glos fair enough...... only reason I ask is, my ex is in planning at the yate office. she leads a small team, thought if you worked there you might of worked with her?
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Post by Centenary Gas on Mar 26, 2016 12:01:50 GMT
People are reading too much into this, and would also do well to remember that Wael considered the club a very long term project and there's no intention to sell at a later date.
All companies incorporate debt, even those with money in the bank and who are profitable. Investment can mean a lot of things, can just be borrowing the money until the Mem site is sold and paid for. Can also mean income from things such as naming rights.
This lot know what they are doing and have a big, successful background in growing businesses. Owning part of a huge bank won't hurt, either. I for one and more than happy trusting them to get on with it, certainly happier than the previous board.
The soundbites from anyone involved have been very complimentary, commenting on the professional and detailed nature of the team we have working on this, and being impressed with how it's progressing.
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Post by Topper Gas on Mar 26, 2016 12:49:34 GMT
What "soundbites" I've not heard anything from anyone outside of the club?
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Post by countygroundhotel on Mar 26, 2016 12:55:14 GMT
People are reading too much into this, and would also do well to remember that Wael considered the club a very long term project and there's no intention to sell at a later date. All companies incorporate debt, even those with money in the bank and who are profitable. Investment can mean a lot of things, can just be borrowing the money until the Mem site is sold and paid for. Can also mean income from things such as naming rights. This lot know what they are doing and have a big, successful background in growing businesses. Owning part of a huge bank won't hurt, either. I for one and more than happy trusting them to get on with it, certainly happier than the previous board. The soundbites from anyone involved have been very complimentary, commenting on the professional and detailed nature of the team we have working on this, and being impressed with how it's progressing. You are quite right that most companies have some form of debt but outside football most companies are run to make a profit. Try googling the number of football clubs that make a profit. We should as fans be very concerned about the financing of the stadium as ultimately it will be the football club and by extention the fans that pay for this stadium. Of course you could just bury your head in the sand instead.
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Post by Deleted on Mar 26, 2016 13:02:43 GMT
Nope i own a computer shop in Westbury on trym But a lifelong friend is a senior planning officer for South Glos fair enough...... only reason I ask is, my ex is in planning at the yate office. she leads a small team, thought if you worked there you might of worked with her? Henbury owns a computer shop. But if you ask in a certain way he has animal porn under the counter if that floats your boat.
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Post by stevek192 on Mar 26, 2016 13:14:06 GMT
I heard yesterday that there is another investor shortly to be announced who is a fried of the owners family and worth a lot more than his family. I know nothing further other than the source seemed genuine. We shall just have to wait and see and of course I would not be at all surprised to see a few more Board members announced.I have every confidence that we are in for an exciting ride ahead and in good genuine hands so lets just strap ourselves in and go along with it. Not worth questioning everything but just accept that if we were not sold we could well have been going into administration NOW.
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Post by socrates on Mar 26, 2016 13:24:52 GMT
So Brighton's 30,750 capacity ground cost £93m in 2011. A 21,700 stadium for £60m sounds like a bargain!! I don't like brightons ground either. It's a nice peice of architecture but it doesn't look like a football stadium to me.
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Post by Okebournegas on Mar 26, 2016 13:24:54 GMT
No ! It's easier to moan and be negative and spout off about things that we don't have a clue about !!!
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Post by Antonio Fargas on Mar 26, 2016 13:25:10 GMT
I heard yesterday that there is another investor shortly to be announced who is a fried of the owners family and worth a lot more than his family. Hasan Abdullah Ismaik? Prince Ali bin al-Hussein? Ziyad Manasir? (Neighbour and business partner of Roman Abramovich)
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Post by Topper Gas on Mar 26, 2016 13:35:07 GMT
I heard yesterday that there is another investor shortly to be announced who is a fried of the owners family and worth a lot more than his family. I know nothing further other than the source seemed genuine. We shall just have to wait and see and of course I would not be at all surprised to see a few more Board members announced.I have every confidence that we are in for an exciting ride ahead and in good genuine hands so lets just strap ourselves in and go along with it. Not worth questioning everything but just accept that if we were not sold we could well have been going into administration NOW. Blimey how can you be worth a lot more than the Al-Quadi billionaire family? As far as not worth questioning everything, I don't see the logic in that view, particularly when our new owners seem more open to questions than the previous owners. As far as Admin as other posters have suggested why would NH risk losing his "investment" by putting the club in Admin, although what he would have done to repay MSP etc is anybodies guess.
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Post by Centenary Gas on Mar 26, 2016 14:35:27 GMT
What "soundbites" I've not heard anything from anyone outside of the club? From the AF (by 1986gas) The talks are currently at a relentless level and have been increasing in recent weeks, a professional team have been assembled to make this happen, the cowboys have left the building.
Rest assured you will be fed more consistent positive news as each month passes, none of this watertight nonsense, factual progress on and off the field.
It might be difficult for many to adjust and some will want more and more, this will be the next challenge for the board in managing supporter expectations.
I'm really impressed personally by what is going on behind the scenes that supporters aren't yet privvy to, and hopefully the vast majority of fans will keep a sensible head on, rather than waffle on about it being 2 weeks since the last stadium update etc, to make comparison to previous years and draw criticism in the name of the past is just fool hardy IMO.
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Post by Langford Gas on Mar 26, 2016 16:00:43 GMT
I heard yesterday that there is another investor shortly to be announced who is a fried of the owners family and worth a lot more than his family. I know nothing further other than the source seemed genuine. We shall just have to wait and see and of course I would not be at all surprised to see a few more Board members announced.I have every confidence that we are in for an exciting ride ahead and in good genuine hands so lets just strap ourselves in and go along with it. Not worth questioning everything but just accept that if we were not sold we could well have been going into administration NOW. Would not surprise me if Prince Ali took an interest now he won't be the FIFA president, just a hunch you understand.
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Post by youmadethatup on Mar 26, 2016 16:26:05 GMT
I heard yesterday that there is another investor shortly to be announced who is a fried of the owners family and worth a lot more than his family. I know nothing further other than the source seemed genuine. We shall just have to wait and see and of course I would not be at all surprised to see a few more Board members announced.I have every confidence that we are in for an exciting ride ahead and in good genuine hands so lets just strap ourselves in and go along with it. Not worth questioning everything but just accept that if we were not sold we could well have been going into administration NOW. Would not surprise me if Prince Ali took an interest now he won't be the FIFA president, just a hunch you understand. Well the 'team' have been talking with investors in London and elsewhere no doubt . The AL Qadi family I'm guessing still want complete ownership of the club so Iwould assume then the new party (s) are more about land investment. In the same way so much of London's upmarket property is now owned by overseas people as investments. It will be interesting to see the full plans eventually .
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Post by Topper Gas on Mar 26, 2016 18:30:53 GMT
Would not surprise me if Prince Ali took an interest now he won't be the FIFA president, just a hunch you understand. Well the 'team' have been talking with investors in London and elsewhere no doubt . The AL Qadi family I'm guessing still want complete ownership of the club so Iwould assume then the new party (s) are more about land investment. In the same way so much of London's upmarket property is now owned by overseas people as investments. It will be interesting to see the full plans eventually . Not sure what would interest them in the land? Firstly, they have to buy the land and, secondly, most of the available land will be taken up by the stadium They can't put a retail park or entertainment complex on the land, at best they could squeeze in a hotel on one of the strips of land?
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Post by Finnish Gas on Mar 26, 2016 18:33:57 GMT
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Post by Antonio Fargas on Mar 26, 2016 18:41:04 GMT
Hasan Abdullah Ismaik? Prince Ali bin al-Hussein? Ziyad Manasir? (Neighbour and business partner of Roman Abramovich) Is this pure fantasy or another "step change" that has the makings of a very significant development? I just pulled those out of my arse.
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Post by gashead1 on Mar 26, 2016 19:02:49 GMT
fair enough...... only reason I ask is, my ex is in planning at the yate office. she leads a small team, thought if you worked there you might of worked with her? Henbury owns a computer shop. But if you ask in a certain way he has animal porn under the counter if that floats your boat. its not called 'Hoah's Ark ' computers is it???.... animals and boats?
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Post by oldgas on Mar 26, 2016 19:34:01 GMT
fair enough...... only reason I ask is, my ex is in planning at the yate office. she leads a small team, thought if you worked there you might of worked with her? Henbury owns a computer shop. But if you ask in a certain way he has animal porn under the counter if that floats your boat. How do you know?
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