|
Post by olskooltoteender on Jan 21, 2017 14:15:20 GMT
Well that wilk fuel the rumours Al Qadis want to sell Selling immediately after the UWE deal falls through would be the worst thing to do for them. Think how much hope value would be wiped out? A site with planning permission is a commercial asset. You don't just shrug your shoulders and walk away from a long term investment if that much is going to disappear from your book value overnight. Certainly not when a little bit of work could put that option back on the table at another site. Sometimes it is sooooo frustrating reading people's comments on here! And without wishing to sound sound arrogant or dismissive, most of us (myself included) have absolutely NO FUCKNG IDEA how business is conducted at the level that Wael, his family & SH are used to operating at, do we? This isn't Monopoly, FFS! It's not as simple as buying the plot and sticking a plastic hotel on it! Business deals like this are like icebergs - for the 10% you can see above the water, there is 90% under the water that you can't see - but it's there . . . I know it's frustrating not being in the know, or feeling like you've been kept in the dark, but this is out of necessity isn't it? We don't actually NEED to know - and I'm sorry if that makes people feel less important, but it's true. We're not financing the project, underwriting it in any way, providing materials or the site etc etc. We just have to trust that Wael & Co are acting in the best interests of the club and taking us forward in a manner that is sensible and sustainable. UTG (Puts on helmet and waits for barrage of toys being thrown out of prams . . .)
|
|
|
Post by Langford Gas on Jan 21, 2017 14:15:40 GMT
The question I have is who is carrying out these negotiations now that (as far as i am aware) the directors brought into oversee this have now left ?
|
|
|
Post by Severncider on Jan 21, 2017 14:16:48 GMT
In my chat with SH last week he did say that it was "like dealing with a committee in discussions with UWE."
"They are a public body and need to ensure everything is 100% in accordance with their remit. No-one at UWE wants to make a mistake which could affect their job/pension"
"The gap is not that great" - no idea what that meant, £1m difference or maybe £5m difference?
Clearly SH does not want to give a running commentary - now where have I heard that recently?
I am still confident (80%) that this will be completed but it may go to the wire.
People do seem to jump to the conclusion that the deal issues are about money ,be it £1m or £5m . It may well be other things like what facilities the students get to use ,parking availability ,sponsorship or some way the uwe gets a long term benefit from the stadium.
Were you there when I discussed this with SH?
|
|
|
Post by Strange Gas on Jan 21, 2017 14:16:52 GMT
I'm afraid SH is wrong.
Planning permission expires in January 2018
Cant see why S Glos wouldn't extend permission if required unless a new application comes in for site given they apparently want it. Deadline means nothing in my view.
|
|
|
Post by LJG on Jan 21, 2017 14:17:32 GMT
Selling immediately after the UWE deal falls through would be the worst thing to do for them. Think how much hope value would be wiped out? A site with planning permission is a commercial asset. You don't just shrug your shoulders and walk away from a long term investment if that much is going to disappear from your book value overnight. Certainly not when a little bit of work could put that option back on the table at another site. Sometimes it is sooooo frustrating reading people's comments on here! And without wishing to sound sound arrogant or dismissive, most of us (myself included) have absolutely NO FUCKNG IDEA how business is conducted at the level that Wael, his family & SH are used to operating at, do we? This isn't Monopoly, FFS! It's not as simple as buying the plot and sticking a plastic hotel on it! Business deals like this are like icebergs - for the 10% you can see above the water, there is 90% under the water that you can't see - but it's there . . . I know it's frustrating not being in the know, or feeling like you've been kept in the dark, but this is out of necessity isn't it? We don't actually NEED to know - and I'm sorry if that makes people feel less important, but it's true. We're not financing the project, underwriting it in any way, providing materials or the site etc etc. We just have to trust that Wael & Co are acting in the best interests of the club and taking us forward in a manner that is sensible and sustainable. UTG (Puts on helmet and waits for barrage of toys being thrown out of prams . . .) I agree. It's like someone who owns an iPhone wanting to know what Apple's next commercial acquisition will be and where they'll build new offices.
|
|
|
Post by gasandelectricity on Jan 21, 2017 14:18:30 GMT
I thought it was a great interview.
Commentary on league performance to date was interesting to hear and his perspective on Darrell moving on the unfortunate 6 was reassuring in that he said it was about ensuring we didn't break the wage cap and that we can't just keep bringing in new players.
To me he seemed confident on a deal being done on UWE at that is should be before the August deadline. Difference between Hamer and Higgs say is that he isn't the type to commit to something he can't be sure of. Points on changes at club and UWE are more than understandable. They can't keep updating us, especially if matters are commercially sensitive. The comparison to buying a house is very true and remember that there are many many more people involved and concerned with this sort of transaction.
I was encouraged by Steve's comments on the training ground, especially that we're going to look at Fleetwood's £7m facility. How anyone could still say Wael wants out after that interview is on cuckoo land - not the actions of someone about to pull out.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:18:41 GMT
So basically he is skirting around the very crux of the issue, uwe (quite rightly) want market value for their land and we don't want to pay it. I imagine the finance secured is dependant on a much lower price being paid. Someone is going on have to blink before august then, we need that land more than they need us to buy it. Please post up a link proving market value for that parcel of land.
|
|
|
Post by Severncider on Jan 21, 2017 14:19:53 GMT
I'm afraid SH is wrong.
Planning permission expires in January 2018
Cant see why S Glos wouldn't extend permission if required unless a new application comes in for site given they apparently want it. Deadline means nothing in my view. SH answered that.
If we are very close to concluding a deal, they will look at extending the PP. If they are still to far apart, they will not bother.
|
|
|
Post by gasandelectricity on Jan 21, 2017 14:20:56 GMT
Cannot believe the radio meltdown, embarassing.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:21:33 GMT
So basically he is skirting around the very crux of the issue, uwe (quite rightly) want market value for their land and we don't want to pay it. I imagine the finance secured is dependant on a much lower price being paid. Someone is going on have to blink before august then, we need that land more than they need us to buy it. Please post up a link proving market value for that parcel of land. why does he need to do that? It's obvious it will have been valued prior to any likely deal.
|
|
|
Post by LJG on Jan 21, 2017 14:21:35 GMT
So basically he is skirting around the very crux of the issue, uwe (quite rightly) want market value for their land and we don't want to pay it. I imagine the finance secured is dependant on a much lower price being paid. Someone is going on have to blink before august then, we need that land more than they need us to buy it. It's not necessarily a matter of "They want market value and we don't want to pay it". There's a huge difference in value between buying the freehold of a piece of land when you are already a 100 year lease holder (as we are contracted to be soon) and buying the freehold outright. They may be saying "Freehold value of that land is eight bajillion pounds" and we might be saying "Aahhh but that doesn't account for our 100 year lease" and they might be saying "We haven't given you your 100 year lease yet". But the truth is ... we don't know.
|
|
|
Post by gasandelectricity on Jan 21, 2017 14:24:29 GMT
DC - Looking to sign another CB.
|
|
|
Post by Mr Pond on Jan 21, 2017 14:26:57 GMT
Whats happening with the carpark saga?? has it been started?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:27:02 GMT
I thought it was a great interview. Commentary on league performance to date was interesting to hear and his perspective on Darrell moving on the unfortunate 6 was reassuring in that he said it was about ensuring we didn't break the wage cap and that we can't just keep bringing in new players. To me he seemed confident on a deal being done on UWE at that is should be before the August deadline. Difference between Hamer and Higgs say is that he isn't the type to commit to something he can't be sure of. Points on changes at club and UWE are more than understandable. They can't keep updating us, especially if matters are commercially sensitive. The comparison to buying a house is very true and remember that there are many many more people involved and concerned with this sort of transaction. I was encouraged by Steve's comments on the training ground, especially that we're going to look at Fleetwood's £7m facility. How anyone could still say Wael wants out after that interview is on cuckoo land - not the actions of someone about to pull out. I agree was fairly positive ..... The UWE discussions will be extremely complex and even when they are straightforward they still take time.... My take was : Players moving on - good rationale given Training ground - very positive Taylor - cagey but positive. Sounds like no firm interest but agent has been saying a few things but maybe without substance to back it up UWE - weakest part in that no firm commitment and whilst both parties want the best outcome Hamer did also say that if it fell through then unlikely to be UWE and no other sites currently in plan or identified (publicly although who knows privately) we didn't necessarily need a new site which could mean either complete new plan for UWE or a longer term plan for the Mem?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:27:11 GMT
Please post up a link proving market value for that parcel of land. why does he need to do that? It's obvious it will have been valued prior to any likely deal. Is it? The value being based on what exactly?
|
|
|
Post by bs9trymer on Jan 21, 2017 14:30:07 GMT
Interesting that he said (twice) that the landscape has changed at UWE and that they are still building. Conjecture of course but I wonder if UWE have a plan B ? five and a half years is a long time to have land empty and things change. I wonder if UOB fail to get planning permission for their (preposterous) proposed development at the SSO site the firms financing it could offer the chance to UWE.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:32:32 GMT
why does he need to do that? It's obvious it will have been valued prior to any likely deal. Is it? The value being based on what exactly? are you for real? Size, location, likely use, topography, chances of planning permission, soil conditions to name just a few.
|
|
|
Post by chippenhamgas on Jan 21, 2017 14:41:03 GMT
Is it? The value being based on what exactly? are you for real? Size, location, likely use, topography, chances of planning permission, soil conditions to name just a few. Uwe's agents will know exactly what it is worth and have probably found interested parties willing to pay it, thus holding a gun to our heads. Whatever piece of land we want to buy now will cost top dollar.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:53:57 GMT
Has anyone actually seen any plans for the training ground? At the moment it sounds like we're going to have a few re-seeded pitches and a clubhouse akin to what you'd see in the county league? Where's the plans for the state of the art facilities? Hamer said something like "the training ground will be developed in line with the sustainability of the club" Not saying it was exactly that but i felt a bit flat after he said it.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 21, 2017 14:55:03 GMT
are you for real? Size, location, likely use, topography, chances of planning permission, soil conditions to name just a few. Uwe's agents will know exactly what it is worth and have probably found interested parties willing to pay it, thus holding a gun to our heads. Whatever piece of land we want to buy now will cost top dollar. Yet more pure speculation! Why not accept what our Chairman has said and then come back in August and say I told you all so!
|
|