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Post by LJG on Feb 8, 2021 23:22:21 GMT
The Mem is owned by Wael just in a roundabout way so as far as debts go, if he wanted to sell the Mem to get back the debt he has ‘written off’ look out! I stand to be corrected. Ok that clears that debate up ! . My second question is .. The previous owners is it basically the same case as Walel. If they got the majority shares they could in theory do the same so nothing new here OR have there been a shift in legal status from BRFC owning it to WALEL because of his vast majority shares. I am only asking these questions because most fans aren't certain me being one . Who is Walel?
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Post by LJG on Feb 8, 2021 22:08:25 GMT
You truly are a disciple of Swissgas - it will show in the shareholders account because it is equity not debt. Debt is not equity no matter what Sam Frost writes in the Post. It is completely disingenuous to say that the debt has not been written off. To all intents and purposes it certainly has. Capitalisation is generally the preferred method of doing that rather than forgiving the loan - if the shareholder were to forgive the loan that would be an immediately chargeable transfer for Inheritance Tax purposes which at 20% on £20m odd is not insignificant (it's £4m odd). So why would you suggest Wael chuck away £4m he could use to fund the club later on instead? You are confusing yourself so let's leave it there. At least we did agree that the debt had been removed as a liability. I'm not in the least confused so I'm happy not to leave it at all. You said the debt is not written off. It is. You're trying to pretend that capitalising the debt is not a method of writing it off. It is. I've explained the reason the debt would be capitalised instead of forgiven - because it would cost Wael £4m in tax. What part am I confused about?
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Post by LJG on Feb 8, 2021 21:41:19 GMT
That seems like a deliberately disingenuous misunderstanding of the type that Swissgas has tried to push. If debt is capitalised into equity it becomes shares - no longer debt. It is economically and legally distinct. When was the last time you heard that a business had gone bust because it had issued too many shares? What motivation do you have to pretend that the capitalised debt is still debt? If you're not pretending and genuinely believe that, do you really think you should be commenting on something you clearly know nothing about? You have missed the point. What I said was the debt wasn't "written off" it was converted into shares/equity so the value is still there as long as it can be realised. It definitely will not show as debt but will now be shown in the shareholders account. We actually agree of where we are now unless you believe the debt was "written off." You truly are a disciple of Swissgas - it will show in the shareholders account because it is equity not debt. Debt is not equity no matter what Sam Frost writes in the Post. It is completely disingenuous to say that the debt has not been written off. To all intents and purposes it certainly has. Capitalisation is generally the preferred method of doing that rather than forgiving the loan - if the shareholder were to forgive the loan that would be an immediately chargeable transfer for Inheritance Tax purposes which at 20% on £20m odd is not insignificant (it's £4m odd). So why would you suggest Wael chuck away £4m he could use to fund the club later on instead?
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Post by LJG on Feb 8, 2021 21:03:06 GMT
Here we go again..... A member of the SC and PC comes on here to have a go at the ownership that wrote off 21m in debt £8m of which came from the previous regime that his holy father helped to create....given that you were such.a pivotal figure in the advice to the last board perhaps you should shoulder some of the responsibility for that...?? Perhaps you could also ask your chairman and executive committee why they are being dictotorial rather than democratic when it comes to nominating their fans directors? Apparently against their own consitution and the expressed wishes of those who were nominated and seconded? Or do those members not matter either? To think that I was called a Nazi by one shareholders too...... Not sure if the £21m figure is accurate and I don't disbelieve you but that figure has not been written off, it has been converted into equity which is totally different. Good luck sorting out your other issues although I haven't got a clue what you are talking about. That seems like a deliberately disingenuous misunderstanding of the type that Swissgas has tried to push. If debt is capitalised into equity it becomes shares - no longer debt. It is economically and legally distinct. When was the last time you heard that a business had gone bust because it had issued too many shares? What motivation do you have to pretend that the capitalised debt is still debt? If you're not pretending and genuinely believe that, do you really think you should be commenting on something you clearly know nothing about?
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Post by LJG on Feb 8, 2021 17:17:56 GMT
I can't see how all this work can be carrying on now that the designer of this whole project, Ben Garner, has left the club?
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Post by LJG on Feb 8, 2021 16:57:38 GMT
The Club's auditors will hopefully by now be preparing the Business Accounts for presentation to the shareholders at the AGM. Whilst the accounts will be over 12 months old it will indicate what level of debt the Club was in that long ago, and one can only speculate what the total of debt the Club has accumulated by now. The question will no doubt be raised if there is any chance that the Club can ever be brought back to a profitable position, and if so, HOW? Currently, the football club, whilst it has a full compliment of players, it is without doubt lacking in attacking players, and in particular a striker. (do others agree?) As a shareholder I, for one, am looking forward to seeing the financial position of the club (be it a year out of date). - are you? or it too scary to contemplate? I'm looking forward to Swissgas adding all the numbers together and Sam Frost reporting it as "debt".
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Post by LJG on Feb 8, 2021 11:08:57 GMT
I've always loved the way that people post unsubstantiated rumours on this forum (to a one all of which have proven to be b0llocks) and then demand that the club come out publicly to address them. I've never understood the logic behind it but I've certainly enjoyed the spectacle. Seeing as you’ve quoted me I’ll assume you are aiming your sanctimonious waffle in my direction. I haven’t posted any unsubstantiated rumours. Someone else copied and pasted something from the other forum and I merely commented on it. I also haven’t demanded the club do anything. I literally stated that an update on the stadium would be good. If you are going to try and belittle people, it’s probably best you get your facts straight yourself! I wasn't posting with sanctimony so I apologise if I gave that impression. Nor was I suggesting it was you who posted the rumours so I also apologise for that. However, your comment that there should be an update on " this whole situation" immediately after commenting on "the other project and all this talk of people being added to the board!" it seems pretty reasonable that I interpret that as asking the club for comment on the other project and people being added to the board. So again I apologise if I've misinterpreted that. My wider point is perfectly valid though. This forum started in 2014 and there are countless incidences of people saying "the board need to come out and address this" when faced with what is essentially just pub chatter taking place online - there is certainly an air of that with this rumour, in fact it is even loaded in the rumour itself, that the board have an obligation to contact this person. Why should they? Why even would they? No business that takes itself seriously no matter how small would do such a thing, why should BRFC be different? (Those are general questions, not specifically aimed at you).
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Post by LJG on Feb 7, 2021 21:49:12 GMT
There has also been a project involving two prominent Rovers fans and local businessmen who claim to hold land in South Gloucestershire ripe for development, also retaining Wael Al-Qadi's presence at the club, but that offer has never been viewed with any great credibility. That’s what Sam Frost said in June. When saying that others were interested in buying the club, but that the people behind the fruit market have exclusivity. So putting 2 and 2 together and coming up with 5! I think this party could be the ones posting. That the board don’t think their offer is as good. Obviously just guessing though as we don’t have any details. We all know we need extra revenue streams. But we’re doin don’t want to do a Coventry and sign a bad deal for the club. Sam Frost seems to have contacts some how. We could do with an update from him. Was totally oblivious to the other project and all this talk of people being added to the board! An update on this whole situation would be good but am not expecting one! I've always loved the way that people post unsubstantiated rumours on this forum (to a one all of which have proven to be b0llocks) and then demand that the club come out publicly to address them. I've never understood the logic behind it but I've certainly enjoyed the spectacle.
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Post by LJG on Feb 7, 2021 15:55:22 GMT
I have known dave for years and he is a very genuine and passionate gashead that just wants the best for this club. He does not want to add any specific detail for now but hopes this may prompt the board to re-engage with him. "re-engage" suggests he has been in talks, which is not what he was implying in his post? So how does somebody running a, seemingly loss making second home business hope to fund a £100m(?)+ leisure/retail complex, or is he really just a front for somebody with no connections to the club? Sounds like someone who's bought a floodplain or toxic waste dump thinking they could develop it and now trying to wing it on to the club. The board aren't mugs. If I got sent a crayon drawing of a stadium with a letter saying "URGENT! LAST CHANCE INVESTMENT OPPORTUNITY! All you need to do is send my lawyer in Ghana your bank details" I'd ignore it too.
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Post by LJG on Feb 5, 2021 22:27:35 GMT
Jumped on the bandwagon? Despite posting more than 20,000 times on this forum you apparently never read any of it. From 14 November last year: Jumped on the bandwagon of disliking the manager even before he was appointed, who do you seriously expect us to appointment, the recent Gaschat favourite, Paul Cook, who's probably looking for £500K p.a. and to bring in his own coaching staff on similar type of money, or Duff/Flynn who also have never won anything, finding a manager we could afford who's won something would take some doing. The betting odds for the Wimbledon manager's job make depressing reading, potential candidates wise: www.thesackrace.com/teams/afc-wimbledonWell that's not a bandwagon is it? I'm perfectly entitled to acknowledge that a person is a self-important narcissist who brags about how he predicted his team would be relegated before the season had started. Quite frankly I'd have welcomed anyone else once I'd heard his EFL podcasts. I'd have been perfectly happy with Hargreaves or Maher.
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Post by LJG on Feb 5, 2021 21:40:52 GMT
If find this amusing, after a few good results people were on here saying how well PT was speaking & it was refreshing from the BG era when the only person to blame for a bad result was the ref. Before that we had DC, get a bad result & people taking the water out of his dust ourselves down comments. It all changes if they get results? Not a bit, people will moan about the style of football & won’t go to games either if we have a successful team, remember GC anyone? The facts are some people don’t like a manager for their own reasons & will take every opportunity to have a go on social media, because they can, and it makes them feel vindicated that he wasn’t their choice, others follow like sheep. Get the feeling some only want us to win, with their choice of manager & players. Up the Rovers, whoever picks the team!But they never name their choice of manager, so whoever gets the jobs can always be targeted as they never wanted us to appoint him. It's mostly the same negative posters, although G1981 & LJH have jumped on the bandwagon this time. Given the only likely option is an internal appointment I'm content to stick with Tisdale, unless we suffer another thrashing tomorrow as that will probably seal his fate anyway, if we do then you sense it's another Dave Penney situation and that didn't end well after he departed, in fact we eventually ended up playing non-league football!! Jumped on the bandwagon? Despite posting more than 20,000 times on this forum you apparently never read any of it. From 14 November last year: Paul Tisdale for me. Reasons: lives local. Not working at the mo (I know he’s keen to get back into it). Loyal manager and is in for the long game as shown at Exeter. Speaks highly of the gas as a whole publicly and privately. Didn’t work for him at Mk dons is the only blotch. No ta. Achieved nothing of note.
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Post by LJG on Feb 5, 2021 14:33:36 GMT
Geoff: ... you're the motivator - who motivates the motivator when times are challenging for you? Who helps you through the likes of this? Paul: Have you heard me say that before? Because that's what I say. You must have heard ... I must have said that before to you. Geoff: No, I haven't actually. In all seriousness no I haven't, no, no. Paul: Yeah well, I've actually ... I've actually challenged the players with that. I just think you said it so ... so well that you've heard me say it. Geoff: No no no no. Paul: It's a challenge that I've set the players a couple of times ... Not really sure why you think that backs up what you're saying. That's exactly what I listened to before I posted what I did. It's the context you said was missing. Whether it backs up my opinion or not is just another matter of opinion.
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Post by LJG on Feb 5, 2021 14:21:21 GMT
Scary that comment isn't it! I think that's divorced of the context. Geoff asked him what he does, and he replied that it sounds just like him. So its pretty clear he meant it was such a good answer to the question about him that he thought he might have heard him say it. Geoff: ... you're the motivator - who motivates the motivator when times are challenging for you? Who helps you through the likes of this? Paul: Have you heard me say that before? Because that's what I say. You must have heard ... I must have said that before to you. Geoff: No, I haven't actually. In all seriousness no I haven't, no, no. Paul: Yeah well, I've actually ... I've actually challenged the players with that. I just think you said it so ... so well that you've heard me say it. Geoff: No no no no. Paul: It's a challenge that I've set the players a couple of times ...
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Post by LJG on Feb 5, 2021 13:49:26 GMT
"You just said that so well I thought you might have heard me say it" - that really sums this bloke up "That's so good it must have come from me".
If he's in charge we're only going out of this division one way and it ain't the top. Tisdale has made a career out of achieving nothing at this level of football then blaming the organisation he works for for that.
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Post by LJG on Feb 4, 2021 21:19:07 GMT
Someone on Twitter said to me the other day about what I expected from the club after tuesday, maybe a refund on our matchday pass. I said I wanted an apology from our manager, our captain and club captain as well as our DOF and also some commitment that they will turn it around. I guess we kind of have one here but it would have been nice if it was from the horse mouth in front of a camera. I also expect Tis to apologise in some way too if his ego will allow and he can pull himself away from writing his next daily Mail column. Of course I would prefer it if he was sacked but I’ll take an apology for starters. Good luck getting an apology from Tisdale. The bloke can do no wrong in his own eyes. He's more likely to say he predicted a 6-1 defeat before kick off.
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Post by LJG on Feb 4, 2021 12:43:33 GMT
My thoughts with his family.
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Post by LJG on Feb 3, 2021 12:59:39 GMT
Ian Holloway when he returned to the club as player-manager in 1996 was probably the last successful external appointment but even that was a bit internal given the fact he had played almost 300 games for Rovers at that point and was Gashead through and through. Possibly Gerry Francis in my humble opinion Gerry came from the playing squad didn't he?
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Post by LJG on Feb 3, 2021 12:06:35 GMT
Should never have been appointed. Go now.
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Post by LJG on Feb 3, 2021 12:03:45 GMT
Has anyone ever seen Tisdale and Buckle in the same room? By his own brag Tisdale taught Buckle everything he knows when PB was assistant at Exeter.
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Post by LJG on Feb 3, 2021 11:51:51 GMT
5-1 away to Orient on Tuesday night. Mark Wright and Carl Reagan doing f**k all for 90 minutes. Can't remember who the manager was whether it was Trolls or Penneh or any of the subsequent rollercoaster of hoodlums.
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