Bristol R*vers dustbin thread

[GreedyHarry]

8 minutes ago, Port Said Red said:

I may have to borrow some St Andrews Gas's IQ points so I can understand that! . 

I think you will be disappointed as he miscounted.

[BCFC11]

2 hours ago, Bianconeri said:

We’ve got a few related things here. On the one hand is how much the capital will cost the company. Any self-respecting CFO will know this, made of of the blended cost of equity and cost of borrowing. Let’s assume this investment would be entirely financed. Any investor will want a rate of return based on the risk free rate (what is available risk-free, usually the return on 25 yr government bonds) plus the credit risk premium that relates to the company, the investment, the industry etc. Risk free rate  is going to be about 2.8%, credit risk premium is really hard - heavily indebted company not currently making a profit, industry probably past peak revenues BUT the lending would be secured on the new asset.

Moot point, would the new asset plus the eventual sale of the Minimal cover the current plus new debt?

Then you have the issue if having an old stadium while the new one is built - costs go up considerably in the short term, this really hurt Arsenal so heaven knows what it does to a small club.

I’d say they’d be lucky to get away with an interest rate of less than 8%. That means each million costs £80k a year in interest alone, and the investment also has to be paid back at some point.

Payingf for the ‘80k’s’ is not a simple income generation issue. It’s virtaully unheard of for each £1 of additional revenue to add £1 to the coffers. So what margin will these ‘new income streams’ generate? We know that Ashton Gate now generates lots of new income but it’s hard to say what profit each activity delivers, though the club will know (obviously). We’ve got first mover advantage so Sags would be trying to attract market share away from an established supplier. Maybe they undercut us in their new megabowl, except that hurts margin and they’ve got all those £80ks to pay....

i wouldn’t want to have to write this an investment proposal!

 

 

 

 

So in other words, **** all chance it will ever happen.

Let them rot.

[Ska Junkie]

14 minutes ago, BCFC11 said:

So in other words, **** all chance it will ever happen.

Let them rot.

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!!!! 

Edited March 22, 2018 by Ska Junkie

[Lanterne Rouge]

Most of this financial stuff is way over my head but would I be right in thinking they`re trying to finance the rebuild via some sort of PFI equivalent? Would that be a good analogy or not?

[BCFC11]

3 minutes ago, Ska Junkie said:

We all know hoe '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!!!! 

I think it’s all Bull as it usually is with anything coming out of Whorefield, Higgs probably told Wally when he took over that the pikeys believe anything you say to just string them along.

Cant wait to see how it ends, it won’t be pretty I’m sure of it.

[SimonR]

I keep thinking that one of the Legendary club destroyers will join their board, then I remember Hamer is there already. True karmic justice would see Sisu and Soccerdome join the gasboard.

[Ska Junkie]

26 minutes ago, Red Right Hand said:

Most of this financial stuff is way over my head but would I be right in thinking they`re trying to finance the rebuild via some sort of PFI equivalent? Would that be a good analogy or not?

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.

Edited March 22, 2018 by Ska Junkie

[Guest]

12 minutes ago, Red Right Hand said:

Most of this financial stuff is way over my head but would I be right in thinking they`re trying to finance the rebuild via some sort of PFI equivalent? Would that be a good analogy or not?

Sort of, but no haha.

PFI is peculiar to private investment (ie non-govt) into public sector offerings. Bristol Sport providing the finance for a new NHS hospital in Bristol could be an example of PFI. 

Because Rovers are a private company it's not PFI, but the problems are still the same - providing the financier with a return on their investment. 

A lot of the PFI controversy surrounds the cost of the financing, but that's not peculiar to PFI. So then bear in mind that's lending to the govt- a debtor you would probably consider quite secure... 

Edited March 22, 2018 by Guest

[Bianconeri]

13 minutes ago, Red Right Hand said:

Most of this financial stuff is way over my head but would I be right in thinking they`re trying to finance the rebuild via some sort of PFI equivalent? Would that be a good analogy or not?

Strangely that’s the sort of finance package that Islamic Banks often construct for large capital projects. They set up a special-purpose company that builds or buys the asset then rents it to the end-user for a period of time. The rent is distributed, after costs, to investors who buy shares in the SPC. The end-user pays for operations and maintenance and redeems the loan, buying the asset, at the end of the term. Simplistic overview but that’s my understanding - PFI for companies via a souped-up bond arrangement.

Sometimes it would be nice to be as academically and intellectually gifted as Stan Gasman eh?

In summary, not a snowball’s chance in hell of it happening without the vast majority coming from equity investment as with Steve L’s in us.

 

[Bianconeri]

33 minutes ago, Ska Junkie said:

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 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 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.

 Not far off in my opinion but the affordability / stress test would be on revenues generating enough pre-tax profit to cover the interest and not the lender taking a share of the revenue to cover the interest. That sort of shared risk approach is quite possible but would probably drive the credit risk premium higher (in my opinion). EDIT - come to think of it this is basically taking equity in the company and getting rewards through dividends.

Interest is tax-deductible but you still need to make enough to cover it, no profit equals no tax due equals no deduction for interest payments.

The repayment of the principal at the end of the term is less of an issue as refinancing Is possible.

Edited March 22, 2018 by Bianconeri

[Ska Junkie]

9 minutes ago, Bianconeri said:

 Not far off in my opinion but the affordability / stress test would be on revenues generating enough pre-tax profit to cover the interest and not the lender taking a share of the revenue to cover the interest. That sort of shared risk approach is quite possible but would probably drive the credit risk premium higher (in my opinion).

Interest is tax-deductible but you still need to make enough to cover it, no profit equals no tax due equals no deduction for interest payments.

The repayment of the principal at the end of the term is less of an issue as refinancing Is possible.

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?

Edited March 22, 2018 by Ska Junkie

[BS4 on Tour...]

4 hours ago, Unan said:

Which game is this?!

[BanburyRed]

1 hour ago, GreedyHarry said:

I think you will be disappointed as he miscounted.

By about 158...!

[Bianconeri]

2 minutes ago, Ska Junkie said:

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?

Good analogy I think. Would the lenders be happy with this though? I guess if it’s secured on the asset and the asset can be repossessed and sold for enough to cover the loan they might be.

[Unan]

3 minutes ago, BS4 on Tour... said:

Which game is this?!

Oxford Luton

[Ska Junkie]

8 minutes ago, Bianconeri said:

Good analogy I think. Would the lenders be happy with this though? I guess if it’s secured on the asset and the asset can be repossessed and sold for enough to cover the loan they might be.

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.

Edited March 22, 2018 by Ska Junkie

[BS4 on Tour...]

6 minutes ago, Unan said:

Oxford Luton

Cheers! I must have missed the relevance of this pic?

[Unan]

1 minute ago, BS4 on Tour... said:

Cheers! I must have missed the relevance of this pic?

It's Unan

[BS4 on Tour...]

2 minutes ago, Unan said:

It's Unan

Quite....

[Rudolf Hucker]

8 minutes ago, Ska Junkie said:

One more question 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.

He wouldn't. He's a lovely guy.

[In the Net]

2 hours ago, Eddie Hitler said:

Thanks, I had missed that.

Not surprised, it did fly under the radar,  not sure if it even made the local press.  It will be interesting to see what happens to the other fans' Director,  who is still in situ at the moment. 

[Rudolf Hucker]

49 minutes ago, Ska Junkie said:

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.

If the 15ers did default and the asset transferred to the lender, what would the lender possibly do with a football ground and nobody to play in it? It's a structure which surely has limited use? The lender would need to be certain that the foot club will exist through the term of the deal otherwise the lender would be in the Brown stuff.

[Guest]

5 minutes ago, Rudolf Hucker said:

If the 15ers did default and the asset transferred to the lender, what would the lender possibly do with a football ground and nobody to play in it? It's a structure which surely has limited use? The lender would need to be certain that the foot club will exist through the term of the deal otherwise the lender would be in the Brown stuff.

The value would be in the land. Demolition cost risks would be built in to the cost of financing. 

[Port Said Red]

So here's a thought, would their best bet be a very large organisation who would use the losses on their balance sheet to reduce their tax burden? Or is that something that only happens in other countries?

[Guest]

36 minutes ago, Ska Junkie said:

What would stop Wael, winding up Dwayne sports, who would essentially have no assets, leaving the lender high and dry?

That's all regulated between between banking law, land law, contract law, company law etc.

One example is a mortgage. That's a loan secured against an asset and so in some scenarios a court could order the property is transferred to the lender, even if it was sold. Or you could have a term of the loan which prevents sell of assets, you might make a condition of finance that you have voting rights, or rights to appoint director. 

The reality is a lender can do a lot to protect their position. 

Edited March 22, 2018 by Guest

[New2City]

28 minutes ago, Rudolf Hucker said:

The lender would need to be certain that the foot club will exist through the term of the deal otherwise the lender would be in the Brown stuff.

I work in commercial lending (in the USA), but we certainly look at the attractability of the collateral to help determine if we are going to do the loan and at what interest rate. It's one thing to end up repossessing a commercial building; we can sell it or keep it and rent it out for cash flow. It's another thing entirely to take specialized collateral that has no market. Not only do we end up charging off the loan balance and lose the income stream of interest payments, but now we own something with no value as we can't sell it. A triple loss, really. So, we charge a lot more interest and even a higher origination fee to help offset that, unless we decline the loan in the first place.

[myol'man]

27 minutes ago, New2City said:

I work in commercial lending (in the USA), but we certainly look at the attractability of the collateral to help determine if we are going to do the loan and at what interest rate. It's one thing to end up repossessing a commercial building; we can sell it or keep it and rent it out for cash flow. It's another thing entirely to take specialized collateral that has no market. Not only do we end up charging off the loan balance and lose the income stream of interest payments, but now we own something with no value as we can't sell it. A triple loss, really. So, we charge a lot more interest and even a higher origination fee to help offset that, unless we decline the loan in the first place.

Is your first name Donald?

[Ska Junkie]

1 hour ago, New2City said:

I work in commercial lending (in the USA), but we certainly look at the attractability of the collateral to help determine if we are going to do the loan and at what interest rate. It's one thing to end up repossessing a commercial building; we can sell it or keep it and rent it out for cash flow. It's another thing entirely to take specialized collateral that has no market. Not only do we end up charging off the loan balance and lose the income stream of interest payments, but now we own something with no value as we can't sell it. A triple loss, really. So, we charge a lot more interest and even a higher origination fee to help offset that, unless we decline the loan in the first place.

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?

Edited March 23, 2018 by Ska Junkie

[havanatopia]

2 hours ago, Port Said Red said:

So here's a thought, would their best bet be a very large organisation who would use the losses on their balance sheet to reduce their tax burden? Or is that something that only happens in other countries?

Are they 'very large losses' though to a 'large organisation' ? There is little point spending a million quid on a club regularly losing a million quid a year with no prospect of that changing. The club or entity itself requires those losses if it is to avoid paying tax; if you were able to take those losses and offset them elsewhere the football club would effectivy be left to pay taxes because all of a sudden it has made a profit. 

And lets face it nobody looks to buy a business that has no prospect of making money in the medium term; if you are paying tax you are making money and that would be the only criteria attractive to a buyer.

The Wael's bought Rovers to make money through top flight football and/or to sell the Mem for development. It looks like a very long term strategy but until they spend big on a stadium like SL has done they will not be permitted entry into the top flight. Is it a case of biting off more than one can chew in this case? Is that what this discussion is all about?

Edited March 23, 2018 by havanatopia

[Eddie Hitler]

5 hours ago, Port Said Red said:

So here's a thought, would their best bet be a very large organisation who would use the losses on their balance sheet to reduce their tax burden? Or is that something that only happens in other countries?

It does happen here, I remember it happening for Lloyd's syndicates about 2005.

You can only however use these losses to offset profits in a similar business; so Steve Lansdown couldn't use Bristol Sport losses to offset Hargreaves Lansdown profits.

So that then restricts the buyer to being a profitable football club or maybe a profitable other sports club.

I can't really see that working so the accumulated losses have little value.

[Bianconeri]

9 hours ago, Ska Junkie said:

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.

The lender would view football as an income stream for whichever company took out the mortgage / owned the asset. So if the asset was repossessed or sold the rent for playing football there would be payable to the new owner (who might be the lender). As someone else said, the real value is in the land, the lender won’t want to end up owning a stadium - important point, you don’t structure these things hoping they’ll fail, lenders want their cash back / predictable income streams not an eclectic mix of assets.

So Sags would have a contract to use the stadium for ‘x’ years at ‘y’ rent to DS Offshore. If DS Offshore went pop this contract would have to be novated / renegotiated with the new owners. Since DS Offshore owns virtually all of SagFC if one goes the other does, however DS Offshore could sell off the ‘asset’ called SagFC and end up as landlords to a third party?

DS Offshore needs to have enough equity in the asset to make winding up a highly unattractive option. The lenders have first charge and may prevent any further charges in the asset. 

 

[Eddie Hitler]

Work calls so I can't look at them now but to flag that their June 2017 accounts are now available for (free) download at Companies' House. Ladies and Gentlemen: sharpen your pencils!

https://beta.companieshouse.gov.uk/company/04501223/filing-history

[The Gasbuster]

11 hours ago, Red Right Hand said:

Most of this financial stuff is way over my head but would I be right in thinking they`re trying to finance the rebuild via some sort of PFI equivalent? Would that be a good analogy or not?

Bearing in mind how the 15ers have gone about their business in the past; it is more likely that they will go down the route of "P.P.I." investment, rather than P.F.I.

This finance route involves their 7-8,000 regular mugs making simultaneous P.P.I. claims, then hoping for the best !

Edited March 23, 2018 by The Gasbuster

[Rudolf Hucker]

11 minutes ago, The Gasbuster said:

Bearing in mind how the 15ers have gone about their business in the past; it is more likely that they will go down the route of "P.P.I." investment, rather than P.F.I.

This finance route involves their 7-8,000 regular mugs making simultaneous P.P.I. claims, then hoping for the best !

I think that you mean MFI. Buy now, pay later.

[Bristol Rob]

10 minutes ago, Rudolf Hucker said:

I think that you mean MFI. Buy now, pay later.

We've got #DMS they have #DFS

[JackofromSanJavier]

1 hour ago, Eddie Hitler said:

Work calls so I can't look at them now but to flag that their June 2017 accounts are now available for (free) download at Companies' House. Ladies and Gentlemen: sharpen your pencils!

https://beta.companieshouse.gov.uk/company/04501223/filing-history

All I can say is 'Section 35' ...............which clearly (again) states that Dwayne Sports ltd is incorporated in Jersey.  Therefore, I'm afraid the idiotic G*slogic on-and-on-and-on claim that we're owned by a non-uk entity (Sir Steve) really doesn't have the desired effect, does it?  Still, why let facts get in the way of a childish pop at  a real benefactor, eh?  Same old, same old............. nobs 

[Unan]

[wendyredredrobin]

what is the point in having a tax dodging company in Jersey when you never make a profit?

Edited March 23, 2018 by wendyredredrobin

[Unan]

Realistic, fans not going to games/locked out..

 

[Unan]

22 hours ago bidefordgas, markczgas, and 2 more like this

Quote

 

Post by lastminutewinner on 22 hours ago

22 hours ago Kingswood Polak said:

Mar 16, 2018 at 10:01am socrates said:

What difference will it make if he’s “ got the blinkers on “ as you put it or whether his eyes are wide open ?
What difference is it going to make if your obsessed with the 82ers or you say **** em we’re Rovers this is our club so who cares about them ?
We’re all entitled to our opinion but none of it makes any difference to whether the 82ers are successful or we’re successful or not.
All we can do is support our club.

 

______________

 

That is undoubtedly true but do you care that there will be a F.C. in the FL called Bristol Rovers and are still relatively well supported. 
You think I’m obsessed with city ? Not true but I see their crowds and I see their plans and then I look at ours and it’s pretty clear to see who is taking the initiative. I’d like to think that we can pick up some floating fans and alliances but, as it is, the only gasheads are kids being born into it and not all of them are nailed on certainties 
That is all I am trying to say but fair enough, looks like I’m in a very small minority. I am old enough to remember how many of our own changed alliance when they got to the old division 1 and it hurt to see friends, at school, suddenly turn up with their city scarves. 
It will happen and I hope they can feel our hot breath upon them when it does. The “gap” is getting bigger while we do nothing 

 

______________

I agree;

Wael talks a lot of evolution but the only evolving thing I can see is that City will pick up more and more younger/floating fans and while we are still all talk and no trousers.

 

Its hard to accept the evolution not revolution philosophy when your neighbours have transformed their ground into a good modern stadium with top training facilities and signing players for £5million+.

 

It will be years before we even start to catch up with them, if at all. Anyone who thinks City's success wont affect us is very short-sighted.

 

______________

 

I think you need to be at least 35/40 to really appreciate and understand the rivalry that there USED TO BE between us and The Sh*t. It's now nearly 20 years since we last played them in a league game and although football is unpredictable we are unlikely to cross paths soon.
In the meantime, away from the pitch as you last 2 guys have stated we are drifting even further away. You quite rightly say KP that the only new Rovers fans are those that are born into it like my 11 -year -old lad , but even then some of these kids don't follow their families.

Over the last few years I have taken plenty of my lad's friends to games - not one of them has become a Gashead, they either support one of the big clubs or no-one.

One small thing I'd like the club to do more is have regular open trials (a couple of times a season) for the Academy - it's letting the local public know that the club is part of the community and interested in engaging with its supporters and Bristol folk.

 

______________

 

Thank you very much. At least one person gets what I am saying. I appreciate your back up. They now are getting a category A academy while we argue who will pay for a training ground and that will be done piecemeal as it is. We haven’t changed at all and are still very much ragbag or ragass as Cotterill said. 
I would just love to compete is all but I’m dreaming. I don’t see it happening 

 

 

[Ska Junkie]

15 minutes ago, Unan said:

Realistic, fans not going to games/locked out..

 

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'?

[glynriley]

42 minutes ago, Unan said:

Realistic, fans not going to games/locked out..

 

"What are you looking under the bed for love?"

"A pot to piss in for Wally..."

[Bar BS3]

42 minutes ago, Unan said:

Realistic, fans not going to games/locked out..

 

Why doesn’t the ***** take the poor little girl to a game with him, rather than leave a 5 year old girl at home on her own..?!

Is their an age limit of over 5 to be able to be one of the many locked out..?

[Monkeh]

the only place taqlking about rovers accounts and them being nearly 14 million in debt is OTIB you couldn't make it up,

and old Henbury is at it again.....

20 hours ago Smithy Gas said:

22 hours ago Henbury Gas said:

Its connected to the old Henbury/Filton Line which starts life in Seven Beach i think and will be part of the "New" Henbury loop line going into Parkway and Temple Meads

They are building a £6m Station at the Filton (Charlton Halt ? - Brab Hanger) and a £12m+ at Henbury 

Work has started at Ashley Down railway station to upgrade it as well

The Biggest Hold up is to Filton Junction as they need to convert it to a 4 line junction from 2 at the moment

en.wikipedia.org/wiki/Henbury_Loop_Line

 

 

Except this isn't true is it? As the Henbury Loop was rejected and they are opening a spur line rather than an efficient loop which would link effectively to Parkway/BTM?

Four tracking is also underway at Filton Junction and so shouldn't be holding up the local stations being built - although there most definitely is nothing happening at Ashley Down! 

Keep trying though... 

 

By the time the Arena is built in 2025 it will be a loop line. It will initially be a spur due to the port people dragging their corporate feet, but was told at the last local community meeting that talks are at an advanced stage  for an agreement

The Ashley Down upgrade is underway as contracts have been put out to tender.............

Keep trying for Temple Meads people may believe you one day it will be built

 

I can tell you for a fact that the loop isn't happening nether  the loop will be built nor is Ashley down out to tender

[Unan]

https://www.bristolrovers.co.uk/news/2018/march/ianholtbystatement/

 

Ian Holtby, Stadium Manager at Bristol Rovers F C has now left the Club.

[Bar BS3]

48 minutes ago, Unan said:

Realistic, fans not going to games/locked out..

 

Just looked at their prices. They make ours look pretty decent!

Their cheapest Adult ticket (to stand on a shite terrace, with a shite view) is £3 a game less than our cheapest (south stand)

Their cheapest child (terrace) ticket is only £23 for under 11’s (ours being under 12’s) But ours is only £50 in the South stand or Lansdown Upper and kids get a free shirt with that. 

Their under 16’s (compared to ours being under 19’s) cheapest (terrace) is £120. Ours is £99 (South stand or Landsdown Upper) 

I know which seem (by far) better value to me..! 

 

[Bristol Rob]

2 minutes ago, Unan said:

https://www.bristolrovers.co.uk/news/2018/march/ianholtbystatement/

 

Ian Holtby, Stadium Manager at Bristol Rovers F C has now left the Club.

Ian Holtby, Stadium Manager at Bristol Rovers F C has taken his 'out of office' status update to a new level.

I just throw something in Outlook.

[Super]

[SirColinOfMansfield]

9 minutes ago, Unan said:

https://www.bristolrovers.co.uk/news/2018/march/ianholtbystatement/

Ian Holtby, Stadium Manager at Bristol Rovers F C has now left the Club.

1st October 2017

There has been an awful lot of conjecture and supposition amongst our fans concerning the position of Ian Holtby at the Club.

This has arisen due to the new role that Ian has been asked to undertake at the Club as Stadium/Training Ground Manager.

With the imminent training ground development entering it’s next phase and the regeneration of the Memorial Stadium also in the development sequence, Ian, who stoically has doubled up as commercial manager for the past eight years simply would have been avalanched and overloaded with work, way beyond the call of duty.

With the appointment of new Commercial Director Tom Gorringe, who is able to dedicate with his team, all its efforts to the Club’s commercial activity, this has enabled us to liberate Ian to concentrate and assist in possibly one of the most important stages in the history of the Club.

Ian is a devoted Rovers Club man and certainly after 18 years of loyal service, someone that is not, as some might have perceived with his appointment in a new role, a loyal member of our team, that we would wish to discard.

He, like all of us the Club is now looking forward to moving forward with these exciting projects in mind, to further the Clubs amenities and facilities.

Steve Hamer
Bristol Rovers Chairman

p.s. Sod it, we have decided to discard him, after all!

[Bristol Rob]

Wonder what he did to get the boot?

 

[Super]

14 minutes ago, Unan said:

https://www.bristolrovers.co.uk/news/2018/march/ianholtbystatement/

 

Ian Holtby, Stadium Manager at Bristol Rovers F C has now left the Club.

So no thanks for his service or anything and good luck for the future!  

[nebristolred]

5 hours ago, Eddie Hitler said:

Work calls so I can't look at them now but to flag that their June 2017 accounts are now available for (free) download at Companies' House. Ladies and Gentlemen: sharpen your pencils!

https://beta.companieshouse.gov.uk/company/04501223/filing-history

Another 12 month backing from Wael then. So it seems they're alright for now...

[Monkeh]

2 minutes ago, nebristolred said:

Another 12 month backing from Wael then. So it seems they're alright for now...

we are 10 months into that 12 months backing those only take them up to june 2017 

[Bristol Rob]

5 minutes ago, Tomarse said:

The rumours are probably best left off here 

Now I'm even more intrigued.

Go on, give us a clue.

[Monkeh]

4 minutes ago, Bristol Rob said:

Now I'm even more intrigued.

Go on, give us a clue.

5 fingered

[slartibartfast]

11 minutes ago, Super said:

So no thanks for his service or anything and good luck for the future!  

would you thank him for looking after that shit-tip? 

[Bristol Rob]

5 minutes ago, Monkeh said:

5 fingered

Self appointed discount offerer?

Edited March 23, 2018 by Bristol Rob

[Monkeh]

3 minutes ago, Bristol Rob said:

Self appointed discount offerer?

no the fact he had 5 fingers, he doesn't fit in there, they aren't webbed,

[glynriley]

7 minutes ago, Monkeh said:

5 fingered

Must have stood out a mile then...

[cityal]

27 minutes ago, Super said:

Premium seating?

[Peter O Hanraha-hanrahan]

1 hour ago, Unan said:

Realistic, fans not going to games/locked out..

 

Fortunately that video finished seconds before the little girl was smashed in the back of the head by a flying broken chair that had been launched towards a ‘shithead’ playing for the opposing team.

Couldn’t quite hear the commentary on the radio in the kitchen, presumably it was from whatever game City were playing that day?

Soon she’ll be old enough to have her own phone and she can stand on the Blackthorn with the rest of them...fixated on their mobile screens, keeping tabs on how we’re doing.

Heartwarming.

[Port Said Red]

4 minutes ago, Peter O Hanraha-hanrahan said:

Fortunately that video finished seconds before the little girl was smashed in the back of the head by a flying broken chair that had been launched towards a ‘shithead’ playing for the opposing team.

Couldn’t quite hear the commentary on the radio in the kitchen, presumably it was from whatever game City were playing that day?

Soon she’ll be old enough to have her own phone and she can stand on the Blackthorn with the rest of them...fixated on their mobile screens, keeping tabs on how we’re doing.

Heartwarming.

My thoughts were that they would be going back to the kids house to take their Duvet, kit etc that they used for advert so they can repackage it for reselling.

[Port Said Red]

35 minutes ago, SirColinOfMansfield said:

1st October 2017

There has been an awful lot of conjecture and supposition amongst our fans concerning the position of Ian Holtby at the Club.

This has arisen due to the new role that Ian has been asked to undertake at the Club as Stadium/Training Ground Manager.

With the imminent training ground development entering it’s next phase and the regeneration of the Memorial Stadium also in the development sequence, Ian, who stoically has doubled up as commercial manager for the past eight years simply would have been avalanched and overloaded with work, way beyond the call of duty.

With the appointment of new Commercial Director Tom Gorringe, who is able to dedicate with his team, all its efforts to the Club’s commercial activity, this has enabled us to liberate Ian to concentrate and assist in possibly one of the most important stages in the history of the Club.

Ian is a devoted Rovers Club man and certainly after 18 years of loyal service, someone that is not, as some might have perceived with his appointment in a new role, a loyal member of our team, that we would wish to discard.

He, like all of us the Club is now looking forward to moving forward with these exciting projects in mind, to further the Clubs amenities and facilities.

Steve Hamer
Bristol Rovers Chairman

p.s. Sod it, we have decided to discard him, after all!

I would think this mans most useful attribute is that his surname rhymes with orange. 

[Super]

35 minutes ago, Tomarse said:

The rumours are probably best left off here 

Must be something bad if they come out with a one line statement !

[Red Army 75]

At the end of the video. Have a look at all the mess on the floor. That’s how to promote yourself . Show a video off the shittest stadium in England with rubbish everywhere. 

[Peter O Hanraha-hanrahan]

21 minutes ago, Port Said Red said:

My thoughts were that they would be going back to the kids house to take their Duvet, kit etc that they used for advert so they can repackage it for reselling.

They wouldn’t want to effect the value of the property in the video either. Let’s be honest, if you’re looking around a house and you see Sag duvets and posters you’re going to wonder what they’re hiding and whether they’ve really taken care of the place?

Anyway, I’m sure no one can say that a stack of programs and a fence covered in bird shit aren’t good value for money when shelling out for an ST. 

Don't get me wrong, I like standing at football, but they are literally decades behind us.

Edited March 23, 2018 by Peter O Hanraha-hanrahan

[Guest]

4 minutes ago, Red Army 75 said:

At the end of the video. Have a look at all the mess on the floor. That’s how to promote yourself . Show a video off the shittest stadium in England with rubbish everywhere. 

Pretty shocking really, but surprising - absolutely not.

 

[Bristol Rob]

1 hour ago, Unan said:

Realistic, fans not going to games/locked out..

 

WTF?

under 5? Not welcome.

Crap view? Yeap! Unless you stand on a fire hazard.

I don't imagine the person for the John Lewis Christmas ad is going to be losing any sleep.

[CotswoldRed]

15 minutes ago, Red Army 75 said:

At the end of the video. Have a look at all the mess on the floor. That’s how to promote yourself . Show a video off the shittest stadium in England with rubbish everywhere. 

Would have taken all of 30 seconds to sort that. Surprised the video guy didn't get it moved. Professional pride and all that. 

[Red Army 75]

18 minutes ago, CotswoldRed said:

Would have taken all of 30 seconds to sort that. Surprised the video guy didn't get it moved. Professional pride and all that. 

Exactly