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BrightCiderLife

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BrightCiderLife last won the day on July 11 2015

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  1. Bristol Rovers Dustbin Thread

    Work hard, retire early and enjoy spending the money - you can't take it with you
  2. Bristol Rovers Dustbin Thread

    The mortgage analogy is only an analogy - this is not a mortgage. A mortgage lender can take possession in default of payment because that is a term of the mortgage deed. The mortgage also operates a charge. But an ordinary charge does not also contain a right to possession. A charge has the advantage of giving you priority if the person who owes you money becomes insolvent. If, and this is purely hypothetical, NLBR were to become insolvent (I am not in the know at all and actually doubt this will happen), the chargeholder would be paid the value of their charge in full from the sale of the land, any surplus would then be split between anyone else owed money. Football League rules mean football debts (wages etc) are paid first, so those at the back of the queue would be anyone non-footballing people like HMRC, contractors, pie suppliers, fence builders etc. The chargeholder can, with the court's permission, force a sale but it is difficult and expensive, especially as the chargeholder (WAQ/DS) would be taking NLBR (which he/they own) to court. If they sell NLBR, it is unlikely the new purchaser wouldn't also acquire the Mem so the charge would fall away, providing the loan is repaid. It would get murkier if NLBR was sold and either the loan wasn't repaid or the new owners didn't also take on the Mem, but I'll cross that bridge if we need to. Most football clubs are bought and sold cheaply on the understanding that all debts will be paid (I think Rangers were sold for just £1 when they were sold before their financial difficulties became known). That's what Higgs did - the £10m loan was to pay off all the debts (or so we are told). The charge doesn't increase the asking price, WAQ have just taken a different approach from Higgs. I'll leave you to decide if it suggests that Higgs was confident that he would be paid in full when he sold because the club had some (apparent) value to a buyer, and that on the other hand WAQ was concerned about the club's value and so made sure he would be paid by taking a charge over the most valuable asset which could be sold without a buyer for NLBR being found. On a side note, I am not aware SL has ever taken a charge out over BCFC, Bristol Sport or any of their assets.
  3. Bristol Rovers Dustbin Thread

    I've seen a few posts in which people say that WAQ's charge over the Mem means NLBRFC2015 either don't own it or that it's value has been reduced. Neither is wrong exactly, but also neither is an accurate description of the effect of a charge. Essentially, it works the same as a mortgage. The charge doesn't change who owns the land. However, if it is sold, the charge holder (WAQ/Dwayne Sports) gets paid first. We're told the charge is to cover the £10m loan meaning the charge holder gets the first £10m of any sum paid to buy the ground. It does not devalue the property. Same as if you sell a house with a mortgage, the bank gets its cut first, and you get whatever is left (proceeds of sale). It is, however, unlikely the ground would be sold. If the club is sold, WAQ/DS will be bought out and their loan repaid, meaning the charge will be removed. The new owners can then charge or sell their new asset as they wish. The charge doesn't change who owns the Mem or its value, except that in effect, the charge holder 'owns' the first £10m and so the value to the seller (not the buyer) is reduced by the same amount.
  4. Bristol Rovers Dustbin Thread

    I think their Coach 2 is @Robbored's minibus that only comes out for special trips to 'Wembly'.
  5. Bristol Rovers Dustbin Thread

    "One nil on your big day out, one nil on your big day out...!"
  6. Bristol Rovers Dustbin Thread

    I see where you're coming from Bert but there's an option between the two put forward that seems more likely than the first: SL buys the Mem, kicks R*vers out and brings the rugby club home. Whether that is a cost worth paying when they're happy at AG and the running costs of the Mem may prevent that anyway.
  7. Bristol City or England?

    Not sure I follow the reasoning from a lot on here: I don't like the overpaid prima donnas, but I do want City to join the league that created the overpaid prima donnas. I went for England because I think in my lifetime I will see City promoted to the Prem, possibly more than once, whereas I doubt I'll ever see us winning the World Cup. Therefore, if it were a choice of what happens in 2018, I'd go for England - City then have another 3 years to secure promotion before I can ask the OTIB genie for another wish!
  8. Bristol Rovers Dustbin Thread

    Or as I like to call him, the Gaptain!
  9. In the Courts

    Just a helpful pointer for those who haven't had to study legal Latin: Actues Reus is the criminal deed (punching, glassing, stabbing etc.) Mens Rea is the criminal thought (wanting to cause bodily injury). Chris Rea is driving home for Christmas (unlike Rooney, possibly).
  10. Are you serious? You're saying the only reason Wolves played that way is because fewer of their players are British. Of course, when Warnock's predominantly British Rotherham visited the Gate two years ago, and Redknapp's Birmingham last season, both games were of a feast samba football redolent of one of the legendary Brazilian or Dutch teams of yesteryear. Of course there's no way that English teams or players could possibly feign injuries, deceive the officials, steal yards at throw ins and free kicks, or not give the ball back when more sporting teams should. In the modern game, people cheat, dive and moan and it has nothing to do with where they're born. Take the racist blinkers off.
  11. What ever antics were being used by Wolves last night, they had nothing to do with the players' nationality or blood. Many players these days roll around for no need, try and con the officials and generally don't act within the spirit of the game as we'd all like. To say it is only foreign players who do it is factually inaccurate and racist (by saying someone dives/cheats simply because of their race is to single them out for their race). I'm sure I need not remind anyone that John Terry is as big a cheat as we'll see at the Gate this year and he was England captain. We've got a nice long thread laughing at the Gappers for a whole series of calamities, several of which relate to their fans alleged racism - let's not drop to their level. Due to my own ignorance I don't know if the Wolves players and manager have a fair bit of form for this sort of thing - if they do then by all means call out the individuals but don't accuse all foreigners of being cheats, as I don't think Pisano, Magnússon, Dhiedhou, Đurić, Eliasson or Engvall etc would appreciate it!
  12. Matty Taylor's Having a Party

    No need for the violent suggestion here. It somewhat undermines your point. Which is worse: man socialising with colleagues during time off; or man getting punched for socialising with colleagues during time off? I think this one can be filed under 'storm in a teacup'.
  13. Would City games sell out with cheaper prices?

    19k a week @ £30 each or 21k @ £10..? The choice is between £570,000 or £210,000. The difference is £360k. Had we done that just once last season we wouldn't have been able to sign Matty Taylor so I think Bristol Sport has got this one right. They're maximising the finances while ensuring that most fans who want to attend can attend.
  14. Freddie Hinds (Merged)

    If giving a second yellow, there is no option to play on and then come back to send him off. Either you blow up immediately and send him off, or you play on and no second booking.
  15. Bristol Rovers Dustbin Thread

    So after all this it seems their long list of no-fixed-abodes has grown: Twerton, Eastville, the aborted move to Cheltenham, and now we can add the NotYetihad and the No Camp. Never has a team played at so many 'home' grounds without building anything (canopies and carpets aside). Always Look On The Bright Cider Life
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