Jump to content
IGNORED

Bristol R*vers dustbin thread


42nite

Recommended Posts

1 hour ago, Swede said:

The debt amounting is internal debt so doesn't affect the day-to-day running of the club, and my commitment to the club and its long-term aims remains as strong as ever.

I think he's got that wrong. "Internal debt" IS the day to day running costs. I would say "external debt" (using his terminology) would be the UWE facility that the university agreed to proceed on, or new training ground he's building, or the various planning applications and studies he's carried out, or the re build of the memorial ground stand by stand he's currently undertaking. All of which are tied up in confidentiality agreements so unfortunately he can't talk about them.

Their day to day running costs are completely unsustainable without continually propping up with new investment and he can't keep borrowing on the only asset they have which is the run down stadium.

Pot and pi55 in comes to mind

 

That’s why he don’t run a bank

Link to comment
Share on other sites

1 hour ago, Swede said:

The debt amounting is internal debt so doesn't affect the day-to-day running of the club, and my commitment to the club and its long-term aims remains as strong as ever.

I think he's got that wrong. "Internal debt" IS the day to day running costs. I would say "external debt" (using his terminology) would be the UWE facility that the university agreed to proceed on, or new training ground he's building, or the various planning applications and studies he's carried out, or the re build of the memorial ground stand by stand he's currently undertaking. All of which are tied up in confidentiality agreements so unfortunately he can't talk about them.

Their day to day running costs are completely unsustainable without continually propping up with new investment and he can't keep borrowing on the only asset they have which is the run down stadium.

Pot and pi55 in comes to mind

 

I think he means that the 'internal debt' is owed to himself so is not (hehehe) a problem. Even so, shaky use of language with someone whose family had supposedly made their money from banking.  You'd think he'd be a little more financial savvy in his speak. 

Link to comment
Share on other sites

56 minutes ago, Peter O Hanraha-hanrahan said:

Hahahahaha, a £15,000 IWC.

SL probably wears one of those when he’s grouting the bathroom.

That was another gas exaggeration as well, it was a Franck mueller black conquistador, approx £6k. Not like the gas to inflate numbers is it. 

  • Thanks 1
  • Haha 1
Link to comment
Share on other sites

12 hours ago, BS4 on Tour... said:

Spot on - **** em - they tried to steal Ashton Gate from us when we were on our knees, and ever since they trot out the same old shite - “we’re the oldest league club in Bristol, we’ve been around since 1883, you’ve been around since 1982”...

I always respond to that crap with stuff like: 

There has been a football club called Bristol Rovers FC since 1899

There has been a football club called Bristol City FC since 1897

Bristol Rovers FC joined the football league in 1920

Bristol City FC joined the football league in 1901

Bristol City FC has played continuously in the football league for the last 119 years

Bristol Rovers FC has played continuously in the football league for the last 4 and a half years

Bristol City FC has played at its current home for 116 years

Bristol Rovers FC has played at its current home for 24 years

....they listen to all this and then just gawp, with gormless open mouths and nothing to add - because they can’t argue with any of it - they then just slowly turn away and slink off back to their mothers’ back bedrooms to think about the truth ...

 

All true and conveniently ignored by Gasheads and, sadly not known by many City fans. The fact that we never actually went bankrupt is also omitted. A deal was agreed with the creditors for payments of 20pence in the pound, this was agreed with creditors and after payment of all agreed debts, the company was wound up. The registration of the club as a football league member never lapsed and as such we have ALWAYS been BCFC regardless of an admin change.

  • Like 8
Link to comment
Share on other sites

2 hours ago, Eddie Hitler said:

I would read that statement differently and do think that he is correct to say that.

If it was external debt then you have covenants to meet and security to put up.  Banks can become like shadow directors requiring you to put business plans to them for them to approve or reject.

Also if there is more financing required then it's going to come at a huge price for a company in financial difficulty as was seen with Nick Higgs'  "Wonga" loans.

As it is they can continue to spend on players and, hey, maybe even the ground without a bank saying "No". They do remain in full control of the company.

All that you are saying about their instability applies x4 to us.

We have a rich owner prepared to put money in to fund those losses.

A loss of £4m a year is a lot to keep funding without radical cuts so just maybe they do as well.

You hit the nail on the head. Without large investment and ultimately sustainable investment the majority of football league clubs would be in the same predicament. That is why our ground's had investment, that's why the training facility is being built, that's why there's plans for the arena and further developments to help to offset future investment in the Football/Rugby to make it more sustainable.

In other words there's a massive difference between the two professional (in its broadist sense) football clubs of Bristol, and the gap is getting wider.

In fact I would further go on to say that the more we progress both on and off the field only goes to further highlight those inadequacies.

  • Like 1
Link to comment
Share on other sites

2 minutes ago, Swede said:

You hit the nail on the head. Without large investment and ultimately sustainable investment the majority of football league clubs would be in the same predicament. That is why our ground's had investment, that's why the training facility is being built, that's why there's plans for the arena and further developments to help to offset future investment in the Football/Rugby to make it more sustainable.

In other words there's a massive difference between the two professional (in its broadist sense) football clubs of Bristol, and the gap is getting wider.

In fact I would further go on to say that the more we progress both on and off the field only goes to further highlight those inadequacies.

I absolutely agree.

However I detect a new tenor in the communication from Wael that gas fans seem to be missing.

Following the death of their father this year the family wealth and control of same has been redistributed. Wael will be richer in his own right.

I go along with the takeover being a land deal that went wrong but what Wael is now saying is that he's going to keep underwriting the losses and trying to improve it.

Whether he has sufficiently deep pockets to keep losing £3m a year is another matter but for the short to medium term this looks to be the case.

I'm surprised by the gloom and doom amongst the fewers tbh.

Link to comment
Share on other sites

5 hours ago, Taz said:

£24m and absolutely nothing to show for it. You could understand it if they had just finished building a new state of the art stadium, and were at the top end of the league fighting for the title - a bit like us putting the double winning team together by taking the best available players of the league.

Shit ground, shit players, and their biggest prospect since £10m Matty Taylor (whatever happened to him btw?), has reverted back to type and stopped scoring goals.

It's ok though, the nice man with a lovely watch says he's doing everything within his power to ensure the future of the club :dance:

Exactly this. 
Many clubs with debt have invested in structure (stadium) and or team to create a basis on which to repay the debt. 
 

The others are heading the way of Bury. 
 

Which road do Rovers fans think they are heading down..?! 

  • Like 1
Link to comment
Share on other sites

58 minutes ago, Eddie Hitler said:

I absolutely agree.

However I detect a new tenor in the communication from Wael that gas fans seem to be missing.

Following the death of their father this year the family wealth and control of same has been redistributed. Wael will be richer in his own right.

I go along with the takeover being a land deal that went wrong but what Wael is now saying is that he's going to keep underwriting the losses and trying to improve it.

Whether he has sufficiently deep pockets to keep losing £3m a year is another matter but for the short to medium term this looks to be the case.

I'm surprised by the gloom and doom amongst the fewers tbh.

Perhaps Wael feels slightly bullish now that he's sailing alone.  Problem is, as the saying in Texas goes, he's all hat and no cattle. 

  • Haha 6
Link to comment
Share on other sites

1 hour ago, Eddie Hitler said:

I absolutely agree.

However I detect a new tenor in the communication from Wael that gas fans seem to be missing.

Following the death of their father this year the family wealth and control of same has been redistributed. Wael will be richer in his own right.

I go along with the takeover being a land deal that went wrong but what Wael is now saying is that he's going to keep underwriting the losses and trying to improve it.

Whether he has sufficiently deep pockets to keep losing £3m a year is another matter but for the short to medium term this looks to be the case.

I'm surprised by the gloom and doom amongst the fewers tbh.

Reading all your upbeat missives on this thread, are you a closet sag apologist ?

Link to comment
Share on other sites

12 minutes ago, slartibartfast said:

Reading all your upbeat missives on this thread, are you a closet sag apologist ?

No. I admit I don't share the active dislike but I have been very much taking the piss and was pointing out a few pages ago that the financial guarantee expired in May.

Since they I have been wrong-footed by the accounts coming out early and the statement from Wael about carrying on as they are.

That's a big change and instead of counting down to the point when the equity would be exhausted I now think that doesn't matter and they'll be fine for several years at least.

That I recognise the change in their financial situation doesn't make me a closet gashead; piss-taking will now need to be confined to the state of their ground, that they have somehow appointed a PE teacher as manager, and that they are sliding down the league a rare of knots.

  • Thanks 1
Link to comment
Share on other sites

29 minutes ago, Eddie Hitler said:

No. I admit I don't share the active dislike but I have been very much taking the piss and was pointing out a few pages ago that the financial guarantee expired in May.

Since they I have been wrong-footed by the accounts coming out early and the statement from Wael about carrying on as they are.

That's a big change and instead of counting down to the point when the equity would be exhausted I now think that doesn't matter and they'll be fine for several years at least.

That I recognise the change in their financial situation doesn't make me a closet gashead; piss-taking will now need to be confined to the state of their ground, that they have somehow appointed a PE teacher as manager, and that they are sliding down the league a rare of knots.

So, are you of the opinion that he will carry on letting his own debts carry on building up against the value of the rugby ground? That is effectively what they are, interest charged for the purchase price and paying off the Wonga loan. However wealthy he is, he'll not want to actually dig into his own personal wealth to keep the club running, two years is after all £6m, has he got that much wealth? As it is, he can sell up and recoup his/the family initial investment and leave someone else to take over a club with no home and running up debts. It's finding someone willing to do that though, perhaps that's why they're cutting their cloth to suit and why no suitor has come forward as yet.

Link to comment
Share on other sites

6 minutes ago, Rich said:

So, are you of the opinion that he will carry on letting his own debts carry on building up against the value of the rugby ground? That is effectively what they are, interest charged for the purchase price and paying off the Wonga loan. However wealthy he is, he'll not want to actually dig into his own personal wealth to keep the club running, two years is after all £6m, has he got that much wealth? As it is, he can sell up and recoup his/the family initial investment and leave someone else to take over a club with no home and running up debts. It's finding someone willing to do that though, perhaps that's why they're cutting their cloth to suit and why no suitor has come forward as yet.

That's exactly what the Lansdowns are doing, Rovers fans reckon he has £100m but who knows.

I would guess the aim is to get the club into a good position and sell; though maybe it's a long term hold.  If it was me I'd be getting out rather than adding to a debt that can't be recovered as you suggest.

Link to comment
Share on other sites

5 minutes ago, Eddie Hitler said:

That's exactly what the Lansdowns are doing, Rovers fans reckon he has £100m but who knows.

I would guess the aim is to get the club into a good position and sell; though maybe it's a long term hold.  If it was me I'd be getting out rather than adding to a debt that can't be recovered as you suggest.

Yes, but spunking 24million of a 100million fortune (questionable) is far more concerning than INVESTING 200million of a near 2Billion fortune..! 

  • Like 3
Link to comment
Share on other sites

4 minutes ago, Eddie Hitler said:

That's exactly what the Lansdowns are doing, Rovers fans reckon he has £100m but who knows.

I would guess the aim is to get the club into a good position and sell; though maybe it's a long term hold.  If it was me I'd be getting out rather than adding to a debt that can't be recovered as you suggest.

Lansdown's are investing in a much bigger scheme, encompassing a whole variety of sports. Wael wouldn't have the wealth to even build a stadium and training ground, let alone any of the other plans. I reckon he's out of here as soon as he can reduce debts on the playing side and find someone to take over the club. They'll end up renting/sharing somewhere (don't let them in) and he'll move the stadium on to cover the initial investment.

Link to comment
Share on other sites

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

  • Haha 1
  • Flames 1
Link to comment
Share on other sites

3 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

Bit early to start drinking paint stripper isn't it?

  • Haha 11
Link to comment
Share on other sites

8 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

If and its a big If  , if Rovers did go bust and City survived , couldn't see any reason why the two clubs would merge , how could you merge with something they don't exist.  Why we would change are name etc , fantasy to think that would happen.

  • Like 3
Link to comment
Share on other sites

12 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

It does seem incredibly far fetched.

Football clubs have survived two world wars.

Link to comment
Share on other sites

9 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

I'm of the belief that until we have only one league club in this city, the chances of true success for any club are diminished. How that is achieved is the question. Rovers currently have little if anything to bring to the table as far as negotiations for a partnership go. So, all they have is a customer base, if the Lansdown's could encompass that into BS, then I think they would and I wouldn't be averse to it. They will have blue in our kit soon enough anyway, as part of the overall BS brand, in my opinion.

  • Hmmm 1
Link to comment
Share on other sites

2 minutes ago, bs3 said:

If and its a big If  , if Rovers did go bust and City survived , couldn't see any reason why the two clubs would merge , how could you merge with something they don't exist.  Why we would change are name etc , fantasy to think that would happen.

There is no reason, it was a hypothetical question, and Lansdown would be acting purely out of a desire to reunite people.

2 minutes ago, Eddie Hitler said:

It does seem incredibly far fetched.

Football clubs have survived two world wars.

True, but like I said, it was purely hypothetical.

Link to comment
Share on other sites

17 minutes ago, Rich said:

Lansdown's are investing in a much bigger scheme, encompassing a whole variety of sports. Wael wouldn't have the wealth to even build a stadium and training ground, let alone any of the other plans. I reckon he's out of here as soon as he can reduce debts on the playing side and find someone to take over the club. They'll end up renting/sharing somewhere (don't let them in) and he'll move the stadium on to cover the initial investment.

Maybe that's more likely.

I had them flagged for selling off the ground to recoup their money by this point and then selling what was left of the club on eBay so I've been proven wrong on that score.

  • Haha 1
Link to comment
Share on other sites

35 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

Stay safe Miah. I know this self isolating can cause people to go a bit mad . ;)

  • Like 1
  • Haha 1
Link to comment
Share on other sites

20 minutes ago, Miah Dennehy said:

There is no reason, it was a hypothetical question, and Lansdown would be acting purely out of a desire to reunite people.

True, but like I said, it was purely hypothetical.

Yes I understand what you are saying but I just see in any circumstance this would happen. 

 

 

 

Link to comment
Share on other sites

41 minutes ago, Miah Dennehy said:

IF, and although this is obviously hypothetical it suddenly doesn't seem so far fetched, football & society  is devastated by this virus, with thousands of deaths and dozens of clubs  Rovers being one of them, go to the wall. If then City survive and the league is reformed into a much smaller number of clubs, what would you think if Lansdown announced a proposal to merge the clubs, call them Bristol United , play in red and blue etc, and he is doing it purely as a gesture to bring people together after a catastrophic period of history, what would you think?

I'm not trying to be flippant about the current awful situation and I really don't think the outcome will be as bad as the picture I have painted, but I am really interested in genuine answers.

There has been a lot of talk that this virus could bring everyone together and that we will all learn a lesson from this in many other areas of life, but would this be a step too far for you?

 

 

No no and no. 

Link to comment
Share on other sites

2 hours ago, Eddie Hitler said:

I absolutely agree.

However I detect a new tenor in the communication from Wael that gas fans seem to be missing.

Following the death of their father this year the family wealth and control of same has been redistributed. Wael will be richer in his own right.

I go along with the takeover being a land deal that went wrong but what Wael is now saying is that he's going to keep underwriting the losses and trying to improve it.

Whether he has sufficiently deep pockets to keep losing £3m a year is another matter but for the short to medium term this looks to be the case.

I'm surprised by the gloom and doom amongst the fewers tbh.

 

47 minutes ago, Bar BS3 said:

Yes, but spunking 24million of a 100million fortune (questionable) is far more concerning than INVESTING 200million of a near 2Billion fortune..! 

I think BBS3 has got the right end of the stick Eddie, the few sensible gasheads can see that if he is paying in £3m a year to maintain the club, it doesn't leave much room for any investment, let alone that required to make them competitive in Bristol or anywhere else.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...