1960maaan Posted September 12, 2016 Report Share Posted September 12, 2016 Tbf , they are now financially secure or at least safe in the short term. In that respect he's done a good job (where that debt has gone maybe another question.) What I don't get is originally , under Higgs , I thought everything was in place . If Sainsbury's had bought the ground it was all systems go. Now their new leader is doing feasibility studies . I thought the stall was funding , I don't blame him for not wanting to spend a large proportion of his (his families ? ) personal wealth on something that they won't own outright, but (and I've said before , I'm no financial wiz ) if the risk is too great for you and you own the club how will they attract investors who would want a large return on their investment. Another point ..... If the delusional gAss had not come out with all the Billionaire , 6th richest club in the world , Prem in three years , we're coming for you BULL then this thread would have died a long time ago. They are the gift that keeps giving , even though they don't realise and many on here don't want it ! 1 Quote Link to comment Share on other sites More sharing options...
Fiale Posted September 12, 2016 Report Share Posted September 12, 2016 46 minutes ago, daored said: Said it before and everyday being proven right, the guy is simply out of his depth. He was happy to play along with the billionaire comments when he took over, now the reality is he needs to spend money and serious money. The club is going to struggle in league 1; early signs suggest that and they need an influx of players, now got to wait till January. The ground is another matter, they need capital to find the build and every week there's an excuse, the EU vote was strange, now they've got the money but need to do another consultation. Wouldn't that have been done when they brought the club? UWE was already in place then? Unfortunately for Rover's they've got someone in who brought himself a toy and doesn't have the capital required to run it. Maybe they've got delay tactics so UWE pull out I don't think he bought them as a toy, he probably thought it was a genuinely good business deal. Possible this happened... Higgs said buy the club, it has assets and only a small amount of debt. They ask why he is selling the club then, well because he has to service a loan and has ran out of lines of credit. Wael looks at the finances, yup, a couple of loans to pay off that have fallen due, and then the club is debt free with a nice large asset in the Mem. Seems a good deal, check with Higgs what kind of cut he want's out of the deal - he ask for maybe 1-2 million and bingo - Rovers have a new owner, Dwayne Sports, who are registered in Jersey and have now got the purchase and loan payments on their books. Now he starts to realise the club runs at a loss, that the UWE deal is not a clear cut as it seemed, in fact UWE seem keen on using the land for a new faculty. Wael also realises that they will not own the land, and that Rovers will be nothing more than tenants and for that privilege they have to front most of the building costs - so he has to renegotiate to get a better deal. Wael looks at his £70 odd million wealth and starts wondering how much he should put into the club... it's a big gamble, and most of the wealth is tied up in assets, so he looks for financing, but what kind of returns can they expect from the ground for a large up front costs ? Probably nowhere enough to make it a decent deal, so he struggles to find anyone to get on board.... and that's where we now are Wael goes to sleep at night cussing Higgs and dreaming of owning a trouble free Gillingham. So Rovers are owned by a offshore company, in a tax haven, by a business man from Jordan - and what is it they say about us and Lansdown ? 14 Quote Link to comment Share on other sites More sharing options...
1960maaan Posted September 12, 2016 Report Share Posted September 12, 2016 2 minutes ago, Fiale said: So Rovers are owned by a offshore company, in a tax haven, by a business man from Jordan - and what is it they say about us and Lansdown ? This really bugs me, I hate hypocrites, and 'THEY' just don't see it. 3 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted September 12, 2016 Report Share Posted September 12, 2016 6 minutes ago, 1960maaan said: Tbf , they are now financially secure or at least safe in the short term. In that respect he's done a good job (where that debt has gone maybe another question.) What I don't get is originally , under Higgs , I thought everything was in place . If Sainsbury's had bought the ground it was all systems go. Now their new leader is doing feasibility studies . I thought the stall was funding , I don't blame him for not wanting to spend a large proportion of his (his families ? ) personal wealth on something that they won't own outright, but (and I've said before , I'm no financial wiz ) if the risk is too great for you and you own the club how will they attract investors who would want a large return on their investment. Another point ..... If the delusional gAss had not come out with all the Billionaire , 6th richest club in the world , Prem in three years , we're coming for you BULL then this thread would have died a long time ago. They are the gift that keeps giving , even though they don't realise and many on here don't want it ! It wouldn't have even been that bad if it was just the fans, but I heard their own club rep doing the summariser role the first match after the takeover, reiterate these exact "facts". Surely that would have been a good time for the club, through the local media outlet, to correct the misinformation. The fact they didn't take that opportunity comes as misleading at best and dishonest at worst. 1 Quote Link to comment Share on other sites More sharing options...
The Joker Posted September 12, 2016 Report Share Posted September 12, 2016 You would of thought that the purchase of a shipping container,garden shed,gazebo stand, porch and a clock would set alarm bells ringing, i think its a case of if you want something bad enough your prepared to believe anything that's fed to you, may be wrong but i cant see this ending well. Quote Link to comment Share on other sites More sharing options...
Malago Posted September 12, 2016 Report Share Posted September 12, 2016 1 hour ago, Fiale said: I don't think he bought them as a toy, he probably thought it was a genuinely good business deal. Possible this happened... Higgs said buy the club, it has assets and only a small amount of debt. They ask why he is selling the club then, well because he has to service a loan and has ran out of lines of credit. Wael looks at the finances, yup, a couple of loans to pay off that have fallen due, and then the club is debt free with a nice large asset in the Mem. Seems a good deal, check with Higgs what kind of cut he want's out of the deal - he ask for maybe 1-2 million and bingo - Rovers have a new owner, Dwayne Sports, who are registered in Jersey and have now got the purchase and loan payments on their books. Now he starts to realise the club runs at a loss, that the UWE deal is not a clear cut as it seemed, in fact UWE seem keen on using the land for a new faculty. Wael also realises that they will not own the land, and that Rovers will be nothing more than tenants and for that privilege they have to front most of the building costs - so he has to renegotiate to get a better deal. Wael looks at his £70 odd million wealth and starts wondering how much he should put into the club... it's a big gamble, and most of the wealth is tied up in assets, so he looks for financing, but what kind of returns can they expect from the ground for a large up front costs ? Probably nowhere enough to make it a decent deal, so he struggles to find anyone to get on board.... and that's where we now are Wael goes to sleep at night cussing Higgs and dreaming of owning a trouble free Gillingham. So Rovers are owned by a offshore company, in a tax haven, by a business man from Jordan - and what is it they say about us and Lansdown ? You wanne make a small fortune from owning a football club, start with a big fortune. 1 Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted September 12, 2016 Report Share Posted September 12, 2016 2 hours ago, Libertine1 said: To be fair to him, he denied his family being worth £1.4 billion in his 1st press conference. He almost laughed at the suggestion the value was anywhere near that. That didn't stop the Rovers fans believing it though. He comes across as a pretty decent bloke-that knows not a thing about running a football club. Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted September 12, 2016 Report Share Posted September 12, 2016 (edited) Some G*s fans banging on about Steve Lansdown and his Guernsey residency... Might want to look at their owner... Dwane Sports Limited. Registered in Jersey. That company being owned by Aramis Investments and Aramis Services. Those companies being owned by Equiom (Jersey). https://www.equiomgroup.com/en/locations/jersey/ Maximum obfuscation. Edited September 12, 2016 by View from the Dolman Quote Link to comment Share on other sites More sharing options...
Kid in the Riot Posted September 12, 2016 Report Share Posted September 12, 2016 This is on BBC One tonight for those interested: http://www.bbc.co.uk/sport/football/37322993 Quote Link to comment Share on other sites More sharing options...
Super Posted September 12, 2016 Report Share Posted September 12, 2016 (edited) Same time as Corrie. Edited September 12, 2016 by Super Quote Link to comment Share on other sites More sharing options...
BCFC11 Posted September 12, 2016 Report Share Posted September 12, 2016 16 minutes ago, Kid in the Riot said: This is on BBC One tonight for those interested: http://www.bbc.co.uk/sport/football/37322993 I'd rather wipe my ass with 40 grit sand paper... after a case of the runs and inflamed hemorrhoids. 3 Quote Link to comment Share on other sites More sharing options...
Popular Post Jack Dawe Posted September 12, 2016 Popular Post Report Share Posted September 12, 2016 (edited) 1 hour ago, View from the Dolman said: Some G*s fans banging on about Steve Lansdown and his Guernsey residency... Might want to look at their owner... Dwane Sports Limited. Registered in Jersey. That company being owned by Aramis Investments and Aramis Services. Those companies being owned by Equiom (Jersey). https://www.equiomgroup.com/en/locations/jersey/ Maximum obfuscation. Their one and only beef with SL is that he pumps millions into us, not them. That's it. This bitterness is compounded by the fact they have never had anyone willing or able to back them to the same degree (when they so desperately need it). Until now, of course. What they could do, with someone like SL... But to throw mud at SL simply because he is red, not blue would leave them wide open to ridicule, too easily dismissed, so they pretend to be outraged by his non-dom status. Of course, if they were geniunely affronted by football club owners not doing their bit for their country or for being questionable characters, they would be "banging on" about the owner of Sports Direct, or the one running Villa into the ground until recently, or the ones borrowing hundreds of millions to buy Man Utd and lumbering the club with the debt, or the goon at Cardiff/Fulham/Forest (take your pick), not the one employing local people at the going rate along Anchor Road and ploughing millions into the local economy in south Bristol (and rescuing long established local sporting clubs, rather than taking advantage of them at their most vulnerable). But they don't give a f*** about any of that. What pisses them off is that he is spending millions on us, not on them. It's hypocrisy laced with decades of bitter, bitter envy. A toxic combination. Edited September 12, 2016 by Jack Dawe 25 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted September 12, 2016 Report Share Posted September 12, 2016 13 minutes ago, BCFC11 said: I'd rather wipe my ass with 40 grit sand paper... after a case of the runs and inflamed hemorrhoids. Really? I imagine it will be the source of at least another 2 pages worth of comment on gullible ones. 7 minutes ago, Jack Dawe said: Their one and only beef with SL is that he pumps millions into us, not them. That's it. This bitterness is compounded by the fact they have never had anyone willing or able to back them to the same degree (when they so desperately need it). Until now, of course. What they could do, with someone like SL... But to throw mud at SL simply because he is red, not blue would leave them wide open to mockery, so they pretend to be outraged by his non-dom status. Of course, if they were geniunely affronted by football club owners not doing their bit for their country or for being questionable characters, they would be "banging on" about the owner of Sports Direct, or the one running Villa into the ground until recently, or the ones borrowing hundreds of millions to buy Man Utd and lumbering the club with the debt, or the goon at Cardiff/Fulham/Forest (take your pick), not the one employing local people at the going rate along Anchor Road and ploughing millions into the local economy in south Bristol (and rescuing long established local sporting clubs, rather than taking advantage of them at their most vulnerable). But they don't give a f*** about any of that. What pisses them off is that he is spending millions on us, not on them. It's hypocrisy laced with decades of bitter, bitter envy. A toxic combination. What they seem to forget is that he personally has probably paid more in tax etc in his life, before he moved, than many of us will earn in a lifetime. Also he continues to pay tax and create jobs through Hargreaves Lansdown and Bristol Sport, in fact he must be one of Bristol's largest employers. What a bloodsucker! 6 Quote Link to comment Share on other sites More sharing options...
Jack Dawe Posted September 12, 2016 Report Share Posted September 12, 2016 (edited) 3 minutes ago, Port Said Red said: Really? I imagine it will be the source of at least another 2 pages worth of comment on gullible ones. What they seem to forget is that he personally has probably paid more in tax etc in his life, before he moved, than many of us will earn in a lifetime. Also he continues to pay tax and create jobs through Hargreaves Lansdown and Bristol Sport, in fact he must be one of Bristol's largest employers. What a bloodsucker! Like I said, they're just full of sh1t and easily dismissed. Mike Ashley anyone? Edited September 12, 2016 by Jack Dawe 1 Quote Link to comment Share on other sites More sharing options...
pommers1965 Posted September 12, 2016 Report Share Posted September 12, 2016 http://gaschat.co.uk/thread/8138/matty-transfer-window... 2nd comment is a beauty 2 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted September 12, 2016 Report Share Posted September 12, 2016 8 minutes ago, pommers1965 said: http://gaschat.co.uk/thread/8138/matty-transfer-window... 2nd comment is a beauty So they are talking about the possible multi million pound transfer for a player who wasn't snapped up on a free in the summer. #gaslogic 2 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted September 12, 2016 Report Share Posted September 12, 2016 10 minutes ago, Bristol Rob said: So they are talking about the possible multi million pound transfer for a player who wasn't snapped up on a free in the summer. #gaslogic Well it could be argued that there are teams out there waiting to see if he continues his scoring form at League 1 level. It's not quite that illogical for once, the idea that they are now too big to sell their best players is a stunning piece of arrogance that I doubt any but about 10 clubs in Europe could genuinely claim. Quote Link to comment Share on other sites More sharing options...
Mike Hunt-Hertz Posted September 12, 2016 Report Share Posted September 12, 2016 5 minutes ago, Port Said Red said: Well it could be argued that there are teams out there waiting to see if he continues his scoring form at League 1 level. It's not quite that illogical for once, the idea that they are now too big to sell their best players is a stunning piece of arrogance that I doubt any but about 10 clubs in Europe could genuinely claim. Well they are the 6th richest in the world, so it makes perfect sense. Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted September 12, 2016 Report Share Posted September 12, 2016 7 minutes ago, Port Said Red said: Well it could be argued that there are teams out there waiting to see if he continues his scoring form at League 1 level. It's not quite that illogical for once, the idea that they are now too big to sell their best players is a stunning piece of arrogance that I doubt any but about 10 clubs in Europe could genuinely claim. Someone,please remind our friends about FFP.. Quote Link to comment Share on other sites More sharing options...
Gazred Posted September 12, 2016 Report Share Posted September 12, 2016 50 minutes ago, Jack Dawe said: Their one and only beef with SL is that he pumps millions into us, not them. That's it. Should be framing and mounting this one. Couldn't explain it any simpler or clearer than that. 1 Quote Link to comment Share on other sites More sharing options...
Jack Dawe Posted September 12, 2016 Report Share Posted September 12, 2016 11 minutes ago, Gazred said: Should be framing and mounting this one. Couldn't explain it any simpler or clearer than that. I "banged on" a bit too much Quote Link to comment Share on other sites More sharing options...
Gazred Posted September 12, 2016 Report Share Posted September 12, 2016 1 minute ago, Jack Dawe said: I "banged on" a bit too much As is the temptation with the blue few. They just keep giving..... Quote Link to comment Share on other sites More sharing options...
lenred Posted September 12, 2016 Report Share Posted September 12, 2016 http://gaschat.co.uk/thread/8133/terrible-truth-signings I like this one where the poster has put together a list of 7 'proven top quality league 1 players' that he wishes they had signed instead if the carp that they ended up with. Just so happens that 4 of the players listed are old servants of ours. As if they would have joined that shower - they have standards you know! #keepdreaming 1 Quote Link to comment Share on other sites More sharing options...
bert tann Posted September 12, 2016 Report Share Posted September 12, 2016 1 hour ago, Super said: Same time as Corrie. How can Samir be in two places at once ? 3 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted September 12, 2016 Report Share Posted September 12, 2016 7 minutes ago, bert tann said: How can Samir be in two places at once ? ITV+1 2 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted September 12, 2016 Report Share Posted September 12, 2016 10 minutes ago, lenred said: http://gaschat.co.uk/thread/8133/terrible-truth-signings I like this one where the poster has put together a list of 7 'proven top quality league 1 players' that he wishes they had signed instead if the carp that they ended up with. Just so happens that 4 of the players listed are old servants of ours. As if they would have joined that shower - they have standards you know! #keepdreaming Somewhere in an alternate universe there is a version of me who has gone into a very very deep depression because JET had signed for the Gas.......... Off topic I know but, does anyone know what has happened to Scott Wagstaff is he injured? Quote Link to comment Share on other sites More sharing options...
Gazred Posted September 12, 2016 Report Share Posted September 12, 2016 9 minutes ago, lenred said: http://gaschat.co.uk/thread/8133/terrible-truth-signings I like this one where the poster has put together a list of 7 'proven top quality league 1 players' that he wishes they had signed instead if the carp that they ended up with. Just so happens that 4 of the players listed are old servants of ours. As if they would have joined that shower - they have standards you know! #keepdreaming I did like this bit " I can't see why you would be puzzled at why we didn't go out and get 'proven' league 1 quality standard players, anyone who has listened to DC or has seen the type of players he's signed over the last couple of years would know that's just not his style " Not his style? He's never been anywhere he could spend any money ffs. When did they last pay a fee for a player? 1 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted September 12, 2016 Report Share Posted September 12, 2016 2 minutes ago, Gazred said: I did like this bit " I can't see why you would be puzzled at why we didn't go out and get 'proven' league 1 quality standard players, anyone who has listened to DC or has seen the type of players he's signed over the last couple of years would know that's just not his style " Not his style? He's never been anywhere he could spend any money ffs. When did they last pay a fee for a player? I believe it's true that their record signing is still the £350k?? That they paid for Andy Tilson, 20 odd years ago! Quote Link to comment Share on other sites More sharing options...
Gazred Posted September 12, 2016 Report Share Posted September 12, 2016 1 minute ago, Bar BS3 said: I believe it's true that their record signing is still the £350k?? That they paid for Andy Tilson, 20 odd years ago! You are correct! Doubt they have even spent that in total since then. Quote Link to comment Share on other sites More sharing options...
Robin 101 Posted September 12, 2016 Report Share Posted September 12, 2016 10 minutes ago, Port Said Red said: Somewhere in an alternate universe there is a version of me who has gone into a very very deep depression because JET had signed for the Gas.......... Off topic I know but, does anyone know what has happened to Scott Wagstaff is he injured? Apparently coming back from some kind of knock 2 Quote Link to comment Share on other sites More sharing options...
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