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Bristol R*vers dustbin thread


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11 minutes ago, TomF said:

Surely any party will look at the debt secured against the stadium and see they’re damn near insolvent

Exactly.

The club loses money every week, so no value in owning it (or at least paying for it). And the one fixed asset they have has no value either as it has the secured loans against it. 

Given that they need a new stadium the one thing they could sell to raise money towards it now has no value either as Wally and his family get their money back.

I won't be surprised if big brother pulls the plug, got the impression he was never keen on the idea from the start, and with the bank they are involved with not performing that well, he probably wants to draw a line under an expensive experiment.

Suppose it depends on how much they want and if they can accept a loss. Otherwise it's admin and asset liquidation for them to get their money back.

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3 minutes ago, Bristol Rob said:

Exactly.

The club loses money every week, so no value in owning it (or at least paying for it). And the one fixed asset they have has no value either as it has the secured loans against it. 

Given that they need a new stadium the one thing they could sell to raise money towards it now has no value either as Wally and his family get their money back.

I won't be surprised if big brother pulls the plug, got the impression he was never keen on the idea from the start, and with the bank they are involved with not performing that well, he probably wants to draw a line under an expensive experiment.

Suppose it depends on how much they want and if they can accept a loss. Otherwise it's admin and asset liquidation for them to get their money back.

?

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1 hour ago, Gazred said:

Ha. They still want a small % so they can make some money if it all happens, which was their sole intent in the first place when they thought Sainsbury's was a sure thing.

Sounds a lot like the Not So Grand Old Duke Of York & Pitch@Palace situation.. 

 

(oops, apologies, I accidently interrupted jumped into the middle of a bloody good song writing session, sorry lads as you were, carry on! :) )

Edited by WhistleHappy
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47 minutes ago, Bristol Rob said:

Exactly.

The club loses money every week, so no value in owning it (or at least paying for it). And the one fixed asset they have has no value either as it has the secured loans against it. 

Given that they need a new stadium the one thing they could sell to raise money towards it now has no value either as Wally and his family get their money back.

I won't be surprised if big brother pulls the plug, got the impression he was never keen on the idea from the start, and with the bank they are involved with not performing that well, he probably wants to draw a line under an expensive experiment.

Suppose it depends on how much they want and if they can accept a loss. Otherwise it's admin and asset liquidation for them to get their money back.

Assuming that from this very moment it would take a minimum of three years before they could play a league match at a new purpose build stadium (aater acquiring land, obtaining planning permission, dealing with objections, transport plans, design, build, yada yada) at their present run rate they'll have lost another c.£10.5m. Hope that whoever is working out the sums factors this in forgets to factor this in.

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On ‎19‎/‎11‎/‎2019 at 21:28, Lanterne Rouge said:

Jesus this is terrible. Imagine having to watch this every week.

If you have to watch that tripe every week you'd like wearing a jester's outfit, with an ex player's name who's never played for you on your back as in Windyass, have six fingers, have more toes than teeth, either headbutt or lick windows and be desperate to be loved by all other football fans.

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8 minutes ago, Swede said:

2 stands aplenty [well half on one side and a cricket pavilion on the other]

 

ONE WATNEY CUP

No hope,no money,not many fans,but at least they’ve got Santa’s Grotto.

Edited by NOTBLUE
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