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Post by dinsdale on Apr 22, 2017 7:06:55 GMT
Anyone else think the reason for the long dely in tellung us the inevitable bad news is not wanting to harm season ticket sales ? Really hope im wrong Why would anyone not buy a ticket for 23 matches at the mem next year on basis of UWE confirmed as cancelled? Genuine question as I can't see how a decision on next season ticket would be impacted for most people. I'd have thought that's very much driven by what happens on the pitch It will damage positivity and momentum i guess.
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Post by Deleted on Apr 22, 2017 7:30:53 GMT
Must be end of season time where people talk even more bull$hit. New owners have done more for this football club than anyone since Dennis dunford. August we have been told which is more than Higgs ever said. Let's see what august brings. If it's bad uwe news then it's kind of good news that we won't be taken for mugs. If it's good uwe news then I believe our business family owners have done the right deal for us and them. Right now they are all we got and I trust in them. Not sure I agree with what your saying here. I'm not a NH supporter particularly but he started the negotiations with UWE and under his watch he delivered tangible plans for the stadium which we were all able to see and are now apparently forming the basis of the ongoing negotiations with UWE. Theses plans and visuals are embedded in our heads as to what hopefully the new stadium will look like. Also under his watch he brought DC to the club and also under his watch when he realised he'd hit the wall he brought the AQ family in - it could have been a lot worse if he had just wanted to cut and run. Allegedly (I dont know) he is still owed money by the club - I think there is a certain amount of credit that should be given to him - not just the negativity which tends to abound when his name is mentioned.
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Post by Henbury Gas on Apr 22, 2017 7:59:28 GMT
I've can't see how building a bit of farmland at Almondsbury is going to keep Rovers fans happy if the UWE bites the dust plus if they've bought the 29 acres for just £250K they must be good negotiating given that farm land with no pp potential is worth at least £10K per acre. The land at Almondsbury is what is known in the trade as 'low grade agricultural land'. £250,000 was the most it was worth. I was told we paid £570,000 pounds for it Was also told that the new planning application will be submitted soon and will take 16 weeks to pass.
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Post by Slide away on Apr 22, 2017 8:14:46 GMT
Just to point out- the tosser chimp also tweeted this 2 weeks ago! (He is using the fact that he got the Taylor transfer right as substance but he also said that we were getting £5m!) Not long to wait now guys if SH Aug date is correct...I'd rather leave it in the hands of WAQ and co than believe someone hiding behind Twitter! #KTF
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Post by peterparker on Apr 22, 2017 8:18:17 GMT
I think it's all off and they are finalising Plan B before announcing the (good/bad) news. Which is what the last board did with The Mem before announcing UWE. I dont think we should be throwing our hands up and walking away whilst we stilk have time to do a deal unless absolutley it is dead. I would expect given all the noise made about the deal 'agreed' under NH not being that great that we will have been looking at plan b whilst still trying to do UWE We will know one way or another in a couple of months and i dont see why people are suddenly getting even more uptight about it. We know the deadline, that hasnt been hidden from us. What do people want SH or Wael to say? There are two answers, its dead, or we are still working to conclude a deal. Neither would make those wanting info happy will it?
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Post by Captain Jayho on Apr 22, 2017 8:34:08 GMT
I think it's all off and they are finalising Plan B before announcing the (good/bad) news. Which is what the last board did with The Mem before announcing UWE. I dont think we should be throwing our hands up and walking away whilst we stilk have time to do a deal unless absolutley it is dead. I would expect given all the noise made about the deal 'agreed' under NH not being that great that we will have been looking at plan b whilst still trying to do UWE We will know one way or another in a couple of months and i dont see why people are suddenly getting even more uptight about it. We know the deadline, that hasnt been hidden from us. What do people want SH or Wael to say? There are two answers, its dead, or we are still working to conclude a deal. Neither would make those wanting info happy will it? The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim.
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Post by peterparker on Apr 22, 2017 8:37:58 GMT
Which is what the last board did with The Mem before announcing UWE. I dont think we should be throwing our hands up and walking away whilst we stilk have time to do a deal unless absolutley it is dead. I would expect given all the noise made about the deal 'agreed' under NH not being that great that we will have been looking at plan b whilst still trying to do UWE We will know one way or another in a couple of months and i dont see why people are suddenly getting even more uptight about it. We know the deadline, that hasnt been hidden from us. What do people want SH or Wael to say? There are two answers, its dead, or we are still working to conclude a deal. Neither would make those wanting info happy will it? The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim. Haemoroging cash, or actually investing in the club?
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Post by yategas78 on Apr 22, 2017 8:42:21 GMT
What worries me is the team taken on to oversee the project(Cunagh £ Haskins) were both let go so what's that all about? Was it because the deal couldn't be done even using one of the team that built Wembley or we have it sewn up and their expertise was not required? oh well hopefully we will no soon!!
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Post by Officer Barbrady on Apr 22, 2017 8:45:10 GMT
View AttachmentJust to point out- the tosser chimp also tweeted this 2 weeks ago! (He is using the fact that he got the Taylor transfer right as substance but he also said that we were getting £5m!) Not long to wait now guys if SH Aug date is correct...I'd rather leave it in the hands of WAQ and co than believe someone hiding behind Twitter! #KTF In true chimp fashion, it you throw enough poop some of it will stick.
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Post by Henbury Gas on Apr 22, 2017 8:45:55 GMT
IF the UWE deal is dead and with our friends south of the rivers getting into bed with the UWE, whats the chance of Pantsdown building them a Stadium and using it for Bristol Sport Rugby section /UWE events.....
sends a cold chill down my old back thinking about that Rosy faced Tax dodger all over the EP saying he is doing this for "Bristol Sport".................
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Post by Gasshole on Apr 22, 2017 8:48:03 GMT
I think it's all off and they are finalising Plan B before announcing the (good/bad) news. I think you're right. Really excited about plan B.
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Post by Captain Jayho on Apr 22, 2017 8:49:09 GMT
The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim. Haemoroging cash, or actually investing in the club? It's not investing in the club, it's lending to the club isn't it?
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Post by yategas78 on Apr 22, 2017 8:49:34 GMT
Doesn't he need the Rugby to make the B&Q warehouse viable?
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Post by Deleted on Apr 22, 2017 8:52:12 GMT
I think it's all off and they are finalising Plan B before announcing the (good/bad) news. I think you're right. Really excited about plan B. A new beginning?
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Post by paulpirate on Apr 22, 2017 8:59:54 GMT
Which is what the last board did with The Mem before announcing UWE. I dont think we should be throwing our hands up and walking away whilst we stilk have time to do a deal unless absolutley it is dead. I would expect given all the noise made about the deal 'agreed' under NH not being that great that we will have been looking at plan b whilst still trying to do UWE We will know one way or another in a couple of months and i dont see why people are suddenly getting even more uptight about it. We know the deadline, that hasnt been hidden from us. What do people want SH or Wael to say? There are two answers, its dead, or we are still working to conclude a deal. Neither would make those wanting info happy will it? The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim. are you having a laugh? I was asking someone this week about hamer who knows him well,he said he's a good bloke and the club have never been in such a good position financially,and if it wasn't for the take over we would've gone bust and playing Hereford now The stadium is still very positive and talks ongoing,I do think DC and the board are on different wavelengths with the team and wanting to get promoted to the championship
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Post by Slide away on Apr 22, 2017 9:00:35 GMT
Which is what the last board did with The Mem before announcing UWE. I dont think we should be throwing our hands up and walking away whilst we stilk have time to do a deal unless absolutley it is dead. I would expect given all the noise made about the deal 'agreed' under NH not being that great that we will have been looking at plan b whilst still trying to do UWE We will know one way or another in a couple of months and i dont see why people are suddenly getting even more uptight about it. We know the deadline, that hasnt been hidden from us. What do people want SH or Wael to say? There are two answers, its dead, or we are still working to conclude a deal. Neither would make those wanting info happy will it? The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim. Jesus Christ! "haemorrhaging cash", "increasing debt", "no forward plan", this is the sort of crap which was being banded about 3 years ago. Sounds to me that you've picked up the stats and made as many negative assumptions that you can? What's to say that the debt isn't internal' Debtor on one BRFC and Creditor on Dwane Sports?
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Post by Gasshole on Apr 22, 2017 9:11:24 GMT
I think you're right. Really excited about plan B. A new beginning?
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Post by yategas78 on Apr 22, 2017 9:14:13 GMT
Yeah the sooner the better!,
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Post by Captain Jayho on Apr 22, 2017 9:15:10 GMT
The reason I'm getting up tight about it is because seemingly under Wael's watch we are now haemorrhaging cash like there's no tomorrow (now allegedly a 15k breakeven, was 9k) and our ongoing and increasing debt is surely now close to exceeding our one tangible asset. Which would be fine if there was a clear and short term plan to move into a new stadium which would develop new revenue streams to start stemming the flow of cash ASAP. But if that prospect gets taken away or significantly delayed... well then I'm sure you can see where this is going. It is becoming abundantly clear that the Al Qadis are not looking to put their own skin into the game here and are happy to simply build debt. Yes that debt is probably at a far better rate of interest than previously but am I really the only one who is not comfortable seeing us racking up a debt that exceeds our asset with no forward plan currently locked down and a strong suspicion that we could be starting from scratch again whilst the debt continues to grow? Yes we need to do the stadium properly and ensure it provides the income and future we need, but unfortunately if it doesn't happen very quickly I struggle to see how we are going to rid ourselves of the debt that we're nurturing in the interim. are you having a laugh? I was asking someone this week about hamer who knows him well,he said he's a good bloke and the club have never been in such a good position financially,and if it wasn't for the take over we would've gone bust and playing Hereford now The stadium is still very positive and talks ongoing,I do think DC and the board are on different wavelengths with the team and wanting to get promoted to the championship It doesn't seem to me like we've 'never been in such a good position financially' based on what we've been told by the club to date to be honest. Isn't the total debt through Dwane Sports now higher than it was before (correct me if I'm wrong), our breakeven figure almost 70% higher than it was before, and our outgoings significantly increased on what they were before? The only difference as far as I can see is that the debt is now being serviced under better conditions - but to be honest we don't have any concrete evidence of that, it's just an assumption because Wael's family own a bank and Higgs and TWatola unbelievably got into bed with some filthy loan sharks. Seems a reasonable assumption though in fairness. Don't get me wrong, I'm delighted Higgs sold out to the Al Qadis because we were going to hell in a handcart under that regime. But no matter how good of a bloke Steve Hamer is, once the debt exceeds the asset my understanding is that we're in a position where we need the Al Qadis to promise the auditors every year that they'll continue to loan more and more money to the club or we'll no longer be considered financially viable. Doesn't strike me as a great position to be in. But if you are happy with it then good for you, won't stop me questioning what they are doing and why they are doing it though.
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Post by paulpirate on Apr 22, 2017 9:41:49 GMT
Do any clubs make money? Football clubs are a toy for rich owners,I wish he would blow money on the the team but can't see it until the ground gets the go ahead
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