Eddie Hitler Posted July 31, 2018 Report Share Posted July 31, 2018 12 minutes ago, phantom said: There always seems someone willing to buy into a club no matter how messed up it is, it may actually be a blessing in disguise to Rovers if the current regime leave sooner than later ? Absolutely. When they bought the club it had £6.6m of net assets (valuing the Mem at £15m) with a possible £15m gain from the Mem being sold at an overvalue. Now it has zero net assets and they have loaded on the costs including an annual bill of £250k office in London (the reason for which we have already speculated) so that the club is now losing £2m a year. In two years' the £15m loan facility (was £10m but raised in the last set of accounts) secured upon the Mem will be exhausted and then you have a club with: £2m a year losses a decaying infrastructure net liabilities of £4m a stadium effectively owned by Dwane Sports I can only assume that all the flag wavers for the current owners, like Henbury "belter" Gas, are secret Teds who want to destroy Rovers. 2 Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted July 31, 2018 Report Share Posted July 31, 2018 Not being the brightest when it comes to accounting, As I understand it then, if someone wanted to buy the Sags now, they would need to spend the 15 million to pay off the loan, plus the value of the assets (the ground, land, etc) and then cover the 4 million in liabilities and turn around a 2 million a year loss? Quote Link to comment Share on other sites More sharing options...
Swede Posted July 31, 2018 Report Share Posted July 31, 2018 So, reading into the near future the club will announce plans for ground sharing with Bath City whilst the rugby ground is developed. This will run into problems and will go on indefinitely until all of a sudden an announcement is made that the ground has been sold for housing leaving the fake sheik to disappear like a mirage back to watching football at Stamford Bridge. Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted July 31, 2018 Report Share Posted July 31, 2018 2 minutes ago, Midlands Robin said: Not being the brightest when it comes to accounting, As I understand it then, if someone wanted to buy the Sags now, they would need to spend the 15 million to pay off the loan, plus the value of the assets (the ground, land, etc) and then cover the 4 million in liabilities and turn around a 2 million a year loss? That would be double counting it. They would buy the club for whatever price but wouldn't have to buy the assets separately as they are part of the club. They would however have to repay the debt (or pay interest on it in the short term) and the liabilities; plus the ongoing loss. So to buy the club and run it for five years you would need £30m. Bargain. 1 Quote Link to comment Share on other sites More sharing options...
Monkeh Posted July 31, 2018 Report Share Posted July 31, 2018 its a classic land grab, pile the club with a mountain of debt, put it into administration and then bankruptcy buy the land at below market value to "save" the club Sell the land for development making a profit on our "investment" Rovers end up homeless and have nowhere to play because they've burnt all their bridges 1 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted July 31, 2018 Report Share Posted July 31, 2018 6 minutes ago, Midlands Robin said: Not being the brightest when it comes to accounting, As I understand it then, if someone wanted to buy the Sags now, they would need to spend the 15 million to pay off the loan, plus the value of the assets (the ground, land, etc) and then cover the 4 million in liabilities and turn around a 2 million a year loss? Sounds like you have a firm grasp to me, we won't complicate things with details like interest and amortisation though. 1 Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted July 31, 2018 Report Share Posted July 31, 2018 4 minutes ago, Swede said: So, reading into the near future the club will announce plans for ground sharing with Bath City whilst the rugby ground is developed. This will run into problems and will go on indefinitely until all of a sudden an announcement is made that the ground has been sold for housing leaving the fake sheik to disappear like a mirage back to watching football at Stamford Bridge. This is what happened to Truro City; all the fans were cheering the money that Chairman Kevin Heaney was pouring money into the club to bring it success. It was only later that they found out that he had quietly sold the ground to a developer and that was where the money came from so they were now groundless, skint, and renting at Torquay. 1 Quote Link to comment Share on other sites More sharing options...
SimonR Posted July 31, 2018 Report Share Posted July 31, 2018 19 hours ago, Bar BS3 said: A take on the old classic.... Interviewer: “so DC & LJ, what are your hopes for the season ahead..?” DC: “as things stand, I’d be happy to win more than we lose. Avoid any prolonged relegation battle and hopefully progress beyond the first round of the cups” LJ:”I’d hope we will be promoted by Easter. Id like to see us remain unbeaten at home all season and I’d like to think we could win the FA Cup, if not the league cup as well” DC: “bloody hell Lee, don’t you think that’s a bit unrealistic and ridiculous..?” LJ:”alright, calm down Darrell. You started it..!” I almost drowned in my Coffee, well played! 1 4 Quote Link to comment Share on other sites More sharing options...
pongo88 Posted July 31, 2018 Report Share Posted July 31, 2018 3 hours ago, phantom said: Sadly what might save them is there is also a lot of crap in that league. It's almost like their whole season will hang on which striker they bring in Shrewsbury, who reached the League 1 playoffs last season are 9/2 to be relegated and no money Rovers are 13/2! Quote Link to comment Share on other sites More sharing options...
Natchfever Posted July 31, 2018 Report Share Posted July 31, 2018 1 hour ago, Swede said: So, reading into the near future the club will announce plans for ground sharing with Bath City whilst the rugby ground is developed. This will run into problems and will go on indefinitely until all of a sudden an announcement is made that the ground has been sold for housing leaving the fake sheik to disappear like a mirage back to watching football at Stamford Bridge. Then see the campaign led by the local rag and north and east Bristol MP's for a ground share with us "for the benefit of all sports fans in the city|". 2 Quote Link to comment Share on other sites More sharing options...
PHILINFRANCE Posted July 31, 2018 Report Share Posted July 31, 2018 41 minutes ago, pongo88 said: Shrewsbury, who reached the League 1 playoffs last season are 9/2 to be relegated and no money Rovers are 13/2! Paul Hirst is no longer at Shrewsbury. Quote Link to comment Share on other sites More sharing options...
Taz Posted July 31, 2018 Report Share Posted July 31, 2018 2 minutes ago, Loon plage said: Then see the campaign led by the local rag and north and east Bristol MP's for a ground share with us "for the benefit of all sports fans in the city|". The only time that scum will ever be associated with Ashton Gate, is if SL took them over and closed them down. Of course that will never happen, as there is no benefit whatsoever to him doing that. Quote Link to comment Share on other sites More sharing options...
Unan Posted July 31, 2018 Report Share Posted July 31, 2018 It’s our fault again 3 Quote Link to comment Share on other sites More sharing options...
JamesBCFC Posted July 31, 2018 Report Share Posted July 31, 2018 2 minutes ago, Taz said: The only time that scum will ever be associated with Ashton Gate, is if SL took them over and closed them down. Of course that will never happen, as there is no benefit whatsoever to him doing that. And because you are only allowed to own one English League side at a time. Quote Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted July 31, 2018 Report Share Posted July 31, 2018 7 hours ago, myol'man said: No, no, no........ don't you remember "If the R*vers played in the street we'd watch from the pavement" ...yep, and that was something else they stole - that line was first quoted by Rangers fans when they went through their recent demise 1 2 Quote Link to comment Share on other sites More sharing options...
Natchfever Posted July 31, 2018 Report Share Posted July 31, 2018 2 minutes ago, JamesBCFC said: And because you are only allowed to own one English League side at a time. Whats the rules on family members ? A loophole I would hope the FA/EFL /Whoever would have seen and closed. Quote Link to comment Share on other sites More sharing options...
Unan Posted July 31, 2018 Report Share Posted July 31, 2018 What is it with the rag bags and being compulsive liars? Quote Link to comment Share on other sites More sharing options...
steviestevieneville Posted July 31, 2018 Report Share Posted July 31, 2018 2 hours ago, Swede said: So, reading into the near future the club will announce plans for ground sharing with Bath City whilst the rugby ground is developed. This will run into problems and will go on indefinitely until all of a sudden an announcement is made that the ground has been sold for housing leaving the fake sheik to disappear like a mirage back to watching football at Stamford Bridge. It was announced earlier this week that UWE will have training pitches available soon. You can put your house on that lot moving in there. 1 Quote Link to comment Share on other sites More sharing options...
Coombsy Posted July 31, 2018 Report Share Posted July 31, 2018 20 minutes ago, Unan said: What is it with the rag bags and being compulsive liars? Same words Things take time just copying Steve hamer for got at ad water tight and landing lights on remember some one saying unlucky the s it now unlucky the gas Quote Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted July 31, 2018 Report Share Posted July 31, 2018 28 minutes ago, Unan said: What is it with the rag bags and being compulsive liars? Have to respect the bloke (Hamer) for replying Tbf 1 Quote Link to comment Share on other sites More sharing options...
Unan Posted July 31, 2018 Report Share Posted July 31, 2018 18 minutes ago, BobBobSuperBob said: Have to respect the bloke (Hamer) for replying Tbf It’s almost definitely a fake reply, Steve Gamer? Quote Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted July 31, 2018 Report Share Posted July 31, 2018 2 minutes ago, Unan said: It’s almost definitely a fake reply, Steve Gamer? The original reply is Gamer Somebody copied since and now reads Gamer 1 Quote Link to comment Share on other sites More sharing options...
Unan Posted July 31, 2018 Report Share Posted July 31, 2018 (edited) 5 minutes ago, BobBobSuperBob said: The original reply is Gamer Somebody copied since and now reads Gamer Original poster edited it after being called out. Add to the fact that all of this is ‘confidential’ and DC couldn’t mention it last night but Hamer is happy to disclose it to someone randomly emailing him? Sounds fishy to me. Edited July 31, 2018 by Unan 1 1 Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted July 31, 2018 Report Share Posted July 31, 2018 15 minutes ago, BobBobSuperBob said: Have to respect the bloke (Hamer) for replying Tbf He seems a decent bloke but he is being paid for the impossible job of hinting that things are underway and will happen when they are patently not and he has been having to come out with the same platitudes for two years. I can't see his self respect allowing him to stay in that role much longer because it's basically lying on someone else's behalf and his career says he's much better than that. It also seems a bit poor to put his email reply onto a forum unless the guy had pre-warned Steve that he would be doing this. 1 Quote Link to comment Share on other sites More sharing options...
Taz Posted July 31, 2018 Report Share Posted July 31, 2018 1 hour ago, JamesBCFC said: And because you are only allowed to own one English League side at a time. They'll drop out of the league again soon... Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted July 31, 2018 Report Share Posted July 31, 2018 1 hour ago, JamesBCFC said: And because you are only allowed to own one English League side at a time. How far down the pyramid does that go do you think? Relegated this year, administration next triggering a points deduction that makes back-to-back relegations more likely and start 20-21 season as non-league either in their current guise or as a phoenix. Wouldn’t want Bristol Sport to go near them though. Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted July 31, 2018 Report Share Posted July 31, 2018 As a Phoenix club there's a risk they'd end up having to start near the bottom of the heap like Hereford. Quote Link to comment Share on other sites More sharing options...
Natchfever Posted July 31, 2018 Report Share Posted July 31, 2018 2 hours ago, Unan said: It’s our fault again To be fair the poster was put straight by a few afterwards. they are probably all banned now though... Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted July 31, 2018 Report Share Posted July 31, 2018 23 minutes ago, Midlands Robin said: As a Phoenix club there's a risk they'd end up having to start near the bottom of the heap like Hereford. Oh dear, how sad, never mind 1 Quote Link to comment Share on other sites More sharing options...
Swede Posted July 31, 2018 Report Share Posted July 31, 2018 As it stands the sags will soon be passed by Forest Green Rovers. At least they own their own ground, live within their means & have an astute and passionate owner who is continually investing to improve his club. Unlike some faceless foreign owners who use other people's money to try to exploit a situation. Still, as the old saying goes; never look a gift horse in the mouth, try punching harder. 1 Quote Link to comment Share on other sites More sharing options...
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