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Ska Junkie

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Ska Junkie last won the day on October 17 2017

Ska Junkie had the most liked content!

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  1. International breaks

    A few mates are Barff supporters and I've been promising to go for a while. There may be alcohol involved as well.
  2. International breaks

    I'm off to the rec tonight to watch Bath v Exeter chiefs. I couldn't care less who wins but it's better than talking to the old bat who replaced the young fit bird I married!!
  3. Bristol Rovers Dustbin Thread

    Is it just me who was expecting the little girl to come down the stairs in a City shirt saying 'stuff rovers dad, I'm going to be a city fan like all my friends'?
  4. Bristol Rovers Dustbin Thread

    Is the highlighted bit in our hypothetical scenario the land value? If not, what is the 'collateral' in our scenario? Ok, you're definitely in the business, like Bianconeri by the sounds of it. In lay mans terms why on earth would any financial organisation, lend money to a company (Dwayne sports) who have zero assets, while incurring regular losses, to build something that has no collateral value to the lender and no guarantee of a return? As a second question, why would any lender be interested when the revenues are supposedly guaranteed by the performance of a 3rd party (Bristol bloody r*vers)? It sounds utterly mad to even think about lending this scheme money? There are far too many risks aren't there?
  5. Bristol Rovers Dustbin Thread

    Two more questions if you don't mind? Would the fact that r*vers are a 3rd party in this (I assume the deal would be between the lender and Dwayne sports rather than the football club) have any bearing? What would stop Wael, winding up Dwayne sports, who would essentially have no assets, leaving the lender high and dry? I find this stuff fascinating to be honest and appreciate your input and vastly superior knowledge of finances.
  6. Bristol Rovers Dustbin Thread

    So we're talking an absolutely huge interest only mortgage then Bianconeri where the capital has to be settled at the end of the term or refinanced elsewhere?
  7. Bristol Rovers Dustbin Thread

    Essentially, as I understand it, Dwayne sports want to borrow a load of money, say £40M for redevelopment / rebuild. Given their crap financial performance currently and lack of assets, anyone who lends them that money will charge an interest rate of 8% due to that risk. This means they would have to find £3,200,000 a year to pay the interest alone. What happens if they don't pay it, gawd knows! The asset transfers to the lender I guess? The lender would then ask for a slice of revenues for, say, 30 years as payback on the loan. As the gas lose money now, they would have to make a shed load extra just to stay in the same financial position they are in now. Imagine someone who's broke and massively in debt, asking the bank for money. They would be charged much more than someone more credible as they are a much higher risk. That's how I think it works but stand to be corrected by those far more knowledgeable on these things.
  8. Bristol Rovers Dustbin Thread

    We all know how 'lovely' Wael is but even he can't sell that I should think!! £3.2M in interest alone, each and every year BEFORE any equity is paid off? OUCH!!!!
  9. RIP Per Sjöberg

    R.I.P Per, sleep well fellow red. My condolences to his family and all our red friends in Sweden.
  10. Bristol Rovers Dustbin Thread

    Blimey! A new build / redevelopment not as good as ours costing, say £40M (a reasonable figure as 2 1/2 sides of our place cost £46M?), will cost them £3,200,000 in interest alone annually, before they pay any agreed dividend? No way on this earth can they afford that and compete can they?
  11. Bristol Rovers Dustbin Thread

    IF we hit the Premier league, we could really hurt any potential deal for them, going by the above, as any 'floating' supporter would surely head to BS3 if that were the case? That would destroy any 'match day' hopes of covering those losses let alone make the required profit to cover investment charges. I appreciate the 'non matchday' stuff would be unaffected but all I can see is 'risk, risk, risk' on the part of any investor.
  12. Bristol Rovers Dustbin Thread

    Thanks Eddie. That doesn't sound good on their part then as the benefits of any new asset would be taken up for a considerable length of time, paying off the investors used to build that asset? R*vers wouldn't see much, if any, benefit for some time. If I were gas (thankfully I'm not) that would worry me considerably as there would be minimal upturn in profit although the turnover should rise. That's not a particularly good business model I suppose plus they would also be carrying the burden of the multi £Million charge on the Mem? Oh dear, how sad, never mind!
  13. Bristol Rovers Dustbin Thread

    You would have thought so PSR but I'm not sure Higgs wasn't already doing that hence why Wael and his mob had to pay him off and start accruing debt again against the asset , essentially paying off Higg's charge by putting their own on the same asset. I'm only guessing by the way. I'm intrigued as to where all this ££££ is coming from for their superdome / new tent etc as they no longer have the Sainsbury's money and can't borrow against their only asset as it's got a charge on it already and is subsequently mortgaged to the limit as I see it?
  14. Bristol Rovers Dustbin Thread

    Transferred to the charge against the land (their only asset) I guess.
  15. Bristol Rovers Dustbin Thread

    So the crux of this is that because we've done it, it's automatically assumed that they can do it? Erm, we've got 3 times the number of attending fans plus we had the funds to develop our stadium after having issues with a new stadium build which was capable of holding World cup matches. I can think of 14,000 reasons why they can't do what we've done then another 80 Million reasons why they can't in addition. It would be nice if the deluded souls actually worked out where the multitude of £Millions is going to come from to fund all their pipe dreams?