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Post by gasandelectricity on Feb 15, 2017 8:49:38 GMT
My comment was more aimed at an estimation of how much the club was worth based on the fact that the club had some pressing debts, not a throwaway comment on the previous board of directors as I am completely in agreement with your statement there. You both think the previous board of directors were the best we'd ever had? Not quite, I agree they sometimes get a hard time on here. The current lot are looking very promising.
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Deleted
Deleted Member
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Post by Deleted on Feb 15, 2017 8:50:47 GMT
I still want to know how Dwane is pronounced.
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Post by Squiffy on Feb 15, 2017 10:26:35 GMT
I still want to know how Dwane is pronounced. I'm guessing it's "duh-wah-nay", but SH has anglicised it for us.
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Post by Gasshole on Feb 15, 2017 10:40:30 GMT
Squeeze my plums, got another week working up in Detroit with the Fkin Yanks its freezing. Looking forward to heading back to NZ. Come mon you blue bast@rds.
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Post by philbemmygas on Feb 15, 2017 12:21:36 GMT
I still want to know how Dwane is pronounced. Anyway they want with all that dosh
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Post by jaunkerr on Feb 15, 2017 12:29:55 GMT
First rule of business " protect your investment" Yep. Split Asset co from trading co. If trading co goes tits up then asset co is protected. It seems to me that there are two types of rich investor: 1) Play boy business person who has always wanted to have a football team. Not interested in the day to day and will fund the company until they get bored. Vincent Tan comes to mind. 2) Business people who want to do it for profit reasons. The end game is always going to be the 'Exit strategy'. Realistically we have the 2nd. In 10-15 years time they have built up an asset and an infrastructure to make the business as a whole (Dwane Sports) more valuable than the sum of its parts. At which point they will sell, possibly to a pension scheme somewhere. We are in the same position really as DC and SH were in the summer over whatshisname. What were our options? Debt and being the next Hereford or the chance of survival and maybe more. Everyone's hands were forced in both situations. All we can do is try and enjoy the ride. So far so good. We can't begrudge our saviours (assuming we were as close to the edge that has been reported) if they want to make money. It could be a lot worse right now. Yate Town away next week? (Sorry any Yate Town fans, just the Hereford Vs Yate Town video was posted recently). That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out.
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Post by Squiffy on Feb 15, 2017 12:54:41 GMT
I'm still amazed that Abramovich is continuing to bankroll Chelski, as I can't believe he's made any real money from that enterprise. I would have thought he would be bored by now and want another yacht rather than stump up the cash for a stadium redevelopment. Perhaps he still gets a buzz from it that he can't get anywhere else and maybe, just maybe, the same is true for Wael. We will just have to hope that the rest of the AQ family feel the love too.
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Post by gasstrictband on Feb 15, 2017 13:11:47 GMT
Detroit was the motor city capital of the world ,is there any car production left in that Famous town , does Iggy Pop still strut his stuff in his home town.
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Post by baggins on Feb 15, 2017 13:13:38 GMT
I'm still amazed that Abramovich is continuing to bankroll Chelski, as I can't believe he's made any real money from that enterprise. I would have thought he would be bored by now and want another yacht rather than stump up the cash for a stadium redevelopment. Perhaps he still gets a buzz from it that he can't get anywhere else and maybe, just maybe, the same is true for Wael. We will just have to hope that the rest of the AQ family feel the love too. When you can afford mega yachts, Chelsea, at least 10 mansions throughout the World, I doubt if he's that bothered. Poor bugger.
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Post by Topper Gas on Feb 15, 2017 13:14:17 GMT
Yep. Split Asset co from trading co. If trading co goes tits up then asset co is protected. It seems to me that there are two types of rich investor: 1) Play boy business person who has always wanted to have a football team. Not interested in the day to day and will fund the company until they get bored. Vincent Tan comes to mind. 2) Business people who want to do it for profit reasons. The end game is always going to be the 'Exit strategy'. Realistically we have the 2nd. In 10-15 years time they have built up an asset and an infrastructure to make the business as a whole (Dwane Sports) more valuable than the sum of its parts. At which point they will sell, possibly to a pension scheme somewhere. We are in the same position really as DC and SH were in the summer over whatshisname. What were our options? Debt and being the next Hereford or the chance of survival and maybe more. Everyone's hands were forced in both situations. All we can do is try and enjoy the ride. So far so good. We can't begrudge our saviours (assuming we were as close to the edge that has been reported) if they want to make money. It could be a lot worse right now. Yate Town away next week? (Sorry any Yate Town fans, just the Hereford Vs Yate Town video was posted recently). That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out. The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, all you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score.
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Post by baggins on Feb 15, 2017 13:27:42 GMT
That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out. The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, all you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score. He bought us without family say so didn't he?
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Post by peterparker on Feb 15, 2017 13:30:38 GMT
I'm still amazed that Abramovich is continuing to bankroll Chelski, as I can't believe he's made any real money from that enterprise. I would have thought he would be bored by now and want another yacht rather than stump up the cash for a stadium redevelopment. Perhaps he still gets a buzz from it that he can't get anywhere else and maybe, just maybe, the same is true for Wael. We will just have to hope that the rest of the AQ family feel the love too. it's a front isn't it?
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Post by BishopstonBRFC on Feb 15, 2017 13:33:17 GMT
That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out. The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, all you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score. Saw a couple of guys heading towards the boxes both wearing Rovers coats with WAQ on last night. Last night can't have done any harm in their interest of Rovers!
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Post by baggins on Feb 15, 2017 13:39:08 GMT
I'm still amazed that Abramovich is continuing to bankroll Chelski, as I can't believe he's made any real money from that enterprise. I would have thought he would be bored by now and want another yacht rather than stump up the cash for a stadium redevelopment. Perhaps he still gets a buzz from it that he can't get anywhere else and maybe, just maybe, the same is true for Wael. We will just have to hope that the rest of the AQ family feel the love too. it's a front isn't it? Not the Jordanian Popular front?
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Post by Squiffy on Feb 15, 2017 13:46:43 GMT
Not the Jordanian Popular front? Feck off, it's the Popular Front of Jordan! Otter's noses anyone?
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Post by baggins on Feb 15, 2017 13:52:20 GMT
Not the Jordanian Popular front? Feck off, it's the Popular Front of Jordan! Otter's noses anyone? Splitter.
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Post by LJG on Feb 15, 2017 13:52:39 GMT
That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out. The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, all you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score. You do post some sh1te based on absolutely no evidence whatsoever don't you?
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Post by Henbury Gas on Feb 15, 2017 14:02:27 GMT
That is exactly as I see it and I have always been bothered about how long the owners will stay. Only time will tell. The fact that Wael is an avid fan could be the difference though and I certainly hope he feels we are something he wants to remain involved in & he builds us up into the very best we can be. Longevity of ownership has been my only worry with the buy out. The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, a ll you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score. I'm sure goods news is literary just round the corner
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Post by Topper Gas on Feb 15, 2017 15:39:49 GMT
The problem with that is Wael's got to convince his family that investing in Rovers is a good idea, whereas the likes of Abramovich can just make their own decisions, all you can hope is the ALQ's can come to some reasonable deal with the UWE but the moment there seems no further news on that score. You do post some sh1te based on absolutely no evidence whatsoever don't you? The club is 25% owned by the 4 Al-Qadi's what more evidence than you want? Wael can't just plough ahead spending money without their approval plus Mr Al-Q was apparently over here recently trying to agree a deal with the UWE whilst Wael was still back in Jordan, this is clearly a project by the whole family not just Wael. The flip side being we have a seemingly v. wealthy family backing the project rather just the one wealthy individual.
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Post by bluebeard on Feb 15, 2017 15:55:02 GMT
So, to summarise the previous 18 pages, the family own the ground and the club. If they wanted to, they could sell whatever they wanted, whenever they wanted. Pretty similar set up to every other professional football club then. They clearly aren't going to throw silly money at the playing budget and who would expect them to until the ground situation is resolved? Their actions to date, not least the training site investment, suggests they are in this for the long haul with genuine intentions. Conclusion: All Good.
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