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Post by Henbury Gas on Apr 22, 2017 9:54:54 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 Was reported this week that the premier clubs turned over £3.6b and still lost over £100m.....
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Post by Topper Gas on Apr 22, 2017 9:57:56 GMT
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. Under NH we all felt we'd reached the end of the line and either he had to find a buyer or the club would probably have to be put into Admin, we would have probably survived as a league club but would be stuck in Div 2 with a points deduction along with serious financial problems to overcome. Under the ALQ's they appear to have the finances to control the debt, so we are in far better shape. You also can't imagine a major player in the Jordanian banking industry will want a bankrupt EFL football club on their CV. Plus if it was all going Pete Tong I'd imagine the last place Wael would have been yesterday was at the open training session meeting and greeting fan and the press etc? I'm led to believe Currah and co were given the boot as the ALQ's wanted to takeover negotiations direct with the UWE, as they felt they were going nowhere. Perhaps we'll never agree a deal with the UWE but I guess it's better to have no deal than the Coventry City type deal NH may well have been prepared to agree in order to get his money back.
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Post by Feeling The Blues on Apr 22, 2017 10:06:56 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!! Actions always speak louder than words and that action showed us quite some time ago that things were not as we were being told. Why people ignore such actions and carry on with happy clappy blind faith I don't know! Current actions like this little link up between City and UWE no matter how small it seems shows that from UWE's point of view they are not expecting to develop any further relationship with us.
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Post by Mr Pond on Apr 22, 2017 10:15:06 GMT
The UWE site would make a great concert venue. Exactly what Pantsdown wanted on his dog walking Arena.
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Post by Deleted on Apr 22, 2017 10:29:39 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 Was reported this week that the premier clubs turned over £3.6b and still lost over £100m..... If the figures are correct that shows a debt toughly of 0.003% of turnover (think I've got enough '0's) which most clubs outside of the Premiership would be delighted with - albeit it's still a (minuscule) debt. WRT the original poster I don't think our owners see BRFC as a "plaything" - these guys are hard nosed business bankers - hence the protracted negotiations.
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Post by Deleted on Apr 22, 2017 10:46:33 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!! Actions always speak louder than words and that action showed us quite some time ago that things were not as we were being told. Why people ignore such actions and carry on with happy clappy blind faith I don't know! Current actions like this little link up between City and UWE no matter how small it seems shows that from UWE's point of view they are not expecting to develop any further relationship with us. Name one uk university based in a city with two fc's that does not have some connection with both clubs in the area.
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Post by amgas on Apr 22, 2017 10:53:50 GMT
In all honesty UWE are not going to turn down the chance for their students to have opportunities at City, and clearly City are keen to get their claws into everything. Not surprising at all to be honest and means nothing one way or the other in terms of our stadium. Looking forward to the day when we put up the Rovers advertising south of the River and start getting in their face the same way as they have done in our "territory". Think that day is coming soon and one way or another we will be in the same league as them again in the very new future. At that point the whole game changes in terms of things like Media coverage.
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Post by Hugo the Elder on Apr 22, 2017 11:11:43 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? I'd like to know if it's dead.
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Post by Hugo the Elder on Apr 22, 2017 11:13:02 GMT
Actions always speak louder than words and that action showed us quite some time ago that things were not as we were being told. Why people ignore such actions and carry on with happy clappy blind faith I don't know! Current actions like this little link up between City and UWE no matter how small it seems shows that from UWE's point of view they are not expecting to develop any further relationship with us. Name one uk university based in a city with two fc's that does not have some connection with both clubs in the area. Nottingham.
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Post by newmarketgas on Apr 22, 2017 11:17:50 GMT
UWE ?
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Post by knowall on Apr 22, 2017 11:22:00 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. UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy
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Post by Topper Gas on Apr 22, 2017 11:33:55 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!! Actions always speak louder than words and that action showed us quite some time ago that things were not as we were being told. Why people ignore such actions and carry on with happy clappy blind faith I don't know! Current actions like this little link up between City and UWE no matter how small it seems shows that from UWE's point of view they are not expecting to develop any further relationship with us. What actions? All we've been told is that talks are still progressing, until somebody tells us other wise then there's no reason to believe they aren't? I think you need to stop "feelingtheblues" and liven up a bit!
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Post by Henbury Gas on Apr 22, 2017 11:34:29 GMT
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. UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy So you like him then.....
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Post by Cosmic Pasty on Apr 22, 2017 11:43:33 GMT
The UWE site would make a great concert venue. Exactly what Pantsdown wanted on his dog walking Arena. Hopefully UWE just want a relationship with both clubs as someone suggested. Even if the 'gentleman's agreement' extended beyond not snatching our players and went as far as not snatching our land deals, I'm fairly sure there are no gentlemen at Bristol c*ty.
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Post by Deleted on Apr 22, 2017 12:10:57 GMT
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. UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy SEMANTICS - certainly living up to your name of 'Knowall' - perhaps you can now enlighten as to what is going on. On what basis do you make these claims - don't tell me - hearsay. If NH didn't start the negotiations with UWE on behalf of BRFC - who did - a guy in a fish & shop on Gloucester Road? I dont believe (could be wrong) that the UWE plans have been resubmitted to South Gloucestershire Council for amendment - and NH was looking for an investor from the Middle East - he even advertised in the region apparently that the club was for possibly up for sale. It appears that 'The Contract' is/was the problem not necessarily the detailed plans.
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Post by Deleted on Apr 22, 2017 12:19:47 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 Was reported this week that the premier clubs turned over £3.6b and still lost over £100m..... Eventually the bubble will burst and the ridiculous level of players wages will come down ...it might take five or ten years to happen but it will happen I'm sure. I don't begrudge people earning good wages but for me wages in the Premier League and to some extent the Championship have got out of hand.
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Post by knowall on Apr 22, 2017 12:45:56 GMT
UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy So you like him then..... like and respect are two different things - judge for yourself
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Post by knowall on Apr 22, 2017 12:53:19 GMT
UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy SEMANTICS - certainly living up to your name of 'Knowall' - perhaps you can now enlighten as to what is going on. On what basis do you make these claims - don't tell me - hearsay. If NH didn't start the negotiations with UWE on behalf of BRFC - who did - a guy in a fish & shop on Gloucester Road? I dont believe (could be wrong) that the UWE plans have been resubmitted to South Gloucestershire Council for amendment - and NH was looking for an investor from the Middle East - he even advertised in the region apparently that the club was for possibly up for sale. It appears that 'The Contract' is/was the problem not necessarily the detailed plans. 1) ask any of the co-directors 2) the financials did not stack up 3) South Glos published their plan for a stadium before Rovers were involved 4) Other (local) potential 'investors' approached the Board and were turned away (I was one and am not a Gloucester Road fishmonger and neither do I listen to hearsay as you appear to do) As we all know Mr Al-Qadi came to Rovers after trying elsewhere.
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Post by knowall on Apr 22, 2017 12:58:27 GMT
The UWE site would make a great concert venue. Exactly what Pantsdown wanted on his dog walking Arena. Hopefully UWE just want a relationship with both clubs as someone suggested. Even if the 'gentleman's agreement' extended beyond not snatching our players and went as far as not snatching our land deals, I'm fairly sure there are no gentlemen at Bristol c*ty. Bristol Sport already have a connection to UWE through Bristol Rugby personnel
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Post by Topper Gas on Apr 22, 2017 13:10:20 GMT
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. UWE came to Rovers, unsustainable plans, Al-Qadi came to us. Unfortunately the reason so many have nothing good to say about NH is because he is/was a megalomaniac - kept co-directors in the dark, refused to honour club agreements, refused to consider to hand the Club over to anyone who had a current or previous connection with the club - and took us virtually into bankruptsy Then again he appointed our best manager in living memory, assisted with two consecutive promotions, had the vision to come up with the UWE plans and somehow found Jordanian billionaire's willing to buy the club. I wonder how we'll eventually look back on NH's time as Chairman, a complete failure or the architecture behind our rise to the Premiership?
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