Bristol Rob Posted June 19, 2020 Report Share Posted June 19, 2020 You might want to bookmark this thread, just in case you need to refer back to it later. https://gaschat.co.uk/thread/16366/club-statement-ownership-board-structure?page=1 Quote Link to comment Share on other sites More sharing options...
CyderInACan Posted June 19, 2020 Report Share Posted June 19, 2020 29 minutes ago, GrahamC said: Well, they let Bristol Energy sponsor a stand for one in 2018 & not the other, didn’t they? Yeah and I wonder why that was, eh . . . 1 Quote Link to comment Share on other sites More sharing options...
pongo88 Posted June 19, 2020 Report Share Posted June 19, 2020 14 minutes ago, Miah Dennehy said: This makes me think a tiny bit of you is worried Just the redevelopment of Ashton Gate cost in excess of £50m and that was without having to buy the land. A large percentage of the build cost was catering / hospitality facilities. Today, to build a ground of similar standard from scratch would cost In excess £100m plus the cost of the land. Nobody is going to spend that sort of money on a League 1 team that’s losing £3m a year. The sale of the Memorial ground will bring in a few pounds but nowhere near enough to make a meaningful contribution. The best Rovers can hope for is a basic 10-12k capacity stadium with basic facilities. The worst case is it all goes pear shaped. Quote Link to comment Share on other sites More sharing options...
Miah Dennehy Posted June 19, 2020 Report Share Posted June 19, 2020 (edited) 3 minutes ago, pongo88 said: Just the redevelopment of Ashton Gate cost in excess of £50m and that was without having to buy the land. A large percentage of the build cost was catering / hospitality facilities. Today, to build a ground of similar standard from scratch would cost In excess £100m plus the cost of the land. Nobody is going to spend that sort of money on a League 1 team that’s losing £3m a year. The sale of the Memorial ground will bring in a few pounds but nowhere near enough to make a meaningful contribution. The best Rovers can hope for is a basic 10-12k capacity stadium with basic facilities. The worst case is it all goes pear shaped. Tell that to Ska Junkie not me Edited June 19, 2020 by Miah Dennehy 1 1 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted June 19, 2020 Report Share Posted June 19, 2020 5 minutes ago, pongo88 said: Just the redevelopment of Ashton Gate cost in excess of £50m and that was without having to buy the land. A large percentage of the build cost was catering / hospitality facilities. Today, to build a ground of similar standard from scratch would cost In excess £100m plus the cost of the land. Nobody is going to spend that sort of money on a League 1 team that’s losing £3m a year. The sale of the Memorial ground will bring in a few pounds but nowhere near enough to make a meaningful contribution. The best Rovers can hope for is a basic 10-12k capacity stadium with basic facilities. The worst case is it all goes pear shaped. What's the motivation for the investors then? I don't get it. Quote Link to comment Share on other sites More sharing options...
HoldenBall Posted June 19, 2020 Report Share Posted June 19, 2020 24 minutes ago, Bristol Rob said: You might want to bookmark this thread, just in case you need to refer back to it later. https://gaschat.co.uk/thread/16366/club-statement-ownership-board-structure?page=1 I seem to remember when UWE was announced within 5 minutes they had a thread called "Your message to BS3 here". Shame that forum got shut down because they accused their players of taking drugs after they got relegated to non league in their own kit. 2 Quote Link to comment Share on other sites More sharing options...
Miah Dennehy Posted June 19, 2020 Report Share Posted June 19, 2020 Just now, Ska Junkie said: What's the motivation for the investors then? I don't get it. You are worried- brilliant! Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted June 19, 2020 Report Share Posted June 19, 2020 3 hours ago, pongo88 said: Rovers seem to be debt free as of tonight but it doesn’t solve the problem of the weekly losses that are being accumulated. As Charles Dickens’ character, Mr Micawber, said: "Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." Adjust that for inflation and you have the scenario facing Rovers Add COVID-19 and you have a disaster. Quote Link to comment Share on other sites More sharing options...
Lew-T Posted June 19, 2020 Report Share Posted June 19, 2020 rovers5charlton5 Fans' Favourite 4 hours ago Tilly's Thighs, socrates, and 1 more like this Quote 19th June 2020 Put that date in your diary Gasheads The day we started to dream! Why are they so incredibly tragic and cringeworthy? Quote Link to comment Share on other sites More sharing options...
ScottishRed Posted June 19, 2020 Report Share Posted June 19, 2020 This is utterly irrelevant. There is no way that they will progress. Quote Link to comment Share on other sites More sharing options...
ForeverRed Posted June 20, 2020 Report Share Posted June 20, 2020 (edited) It will all end in tears!! Edited June 20, 2020 by ForeverRed Quote Link to comment Share on other sites More sharing options...
Taz Posted June 20, 2020 Report Share Posted June 20, 2020 Or he's paid off all his family debt before calling in the administrators in the next week or so. Won't get disowned then, and they'll feel sorry for him. Wally goes back to living in their shadows, whilst taking a big dump in the middle of the Mem. Meanwhile back in Sag land, they start going to the council with their begging bowl as they have no ground, no owner, and no hope. So many false dawns, and yet they still think that they're going places..... Quote Link to comment Share on other sites More sharing options...
Tinmans Love Child Posted June 20, 2020 Report Share Posted June 20, 2020 11 hours ago, Gashead2017 said: What a time to be a Gashead, debt free tonight and a multi million new stadium development being announced next week, not sure life can get better than this, we jut need to convince Matty Taylor we can offer him better prospects than Oxford and it will have been a perfect summer. Where have I heard that before? Quote Link to comment Share on other sites More sharing options...
Tinmans Love Child Posted June 20, 2020 Report Share Posted June 20, 2020 It’s funny that when SL writes of our debt they mock this approach and gloat how it will all go wrong when SL sells up, yet when exactly the same thing happens to them it’s amazing news and the start of a new era! 4 5 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted June 20, 2020 Report Share Posted June 20, 2020 26 minutes ago, Tinmans Love Child said: It’s funny that when SL writes of our debt they mock this approach and gloat how it will all go wrong when SL sells up, yet when exactly the same thing happens to them it’s amazing news and the start of a new era! Suddenly the.boy wonder is a financial genius. This despite showing no discernible business acumen of his own throughout his life. I wonder why his brother has hung on to that 10%? It could be a punt with a small amount of his money, or Wael couldn’t stretch to buying the whole kit and caboodle. As far as I can see, he has no income from other ventures that would allow for ongoing debt support or investment, so this is a one off gamble with daddy’s inheritance. I guess you can’t take it with you. Quote Link to comment Share on other sites More sharing options...
fatchers Posted June 20, 2020 Report Share Posted June 20, 2020 I thought Wally ran a travel company ,thus making him a travel agent. Not the best time to be a travel agent and certainly not going to make the millions needed to support a tin pot outfit like the pikeys. Quote Link to comment Share on other sites More sharing options...
HoldenBall Posted June 20, 2020 Report Share Posted June 20, 2020 1 hour ago, Tinmans Love Child said: It’s funny that when SL writes of our debt they mock this approach and gloat how it will all go wrong when SL sells up, yet when exactly the same thing happens to them it’s amazing news and the start of a new era! It's always different rules for them. Quote Link to comment Share on other sites More sharing options...
pongo88 Posted June 20, 2020 Report Share Posted June 20, 2020 9 hours ago, Ska Junkie said: What's the motivation for the investors then? I don't get it. Exactly. Things are not as presented by Wael and the Rovers supporters. This is a business land development deal, with the Rovers thrown in as a red herring to ease the planning process. There will be much joy by the Rovers fans for the next few months or years, but the truth will emerge in time. As the man himself says, “these things take time” Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted June 20, 2020 Report Share Posted June 20, 2020 Well, after all the laughs they've given us stretching all the way back to the Wonga loan and the watertight contract with Sainsbury's I am happy to acknowledge that these financing changes are without question tremendous news for the Rovers. No qualifying statement it is simply very good news indeed. Now with that conceded please go back to making us laugh. 1 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted June 20, 2020 Report Share Posted June 20, 2020 I won't be at all surprised to see Wally get an option to buy the Fruit Market and secure planning permission before selling up. Or at least trying to sell up. I presume the fruit market site will be a fairly complicated deal to conclude (I have no idea how it would work) but... Both Rovers and the Fruits are still trading, so neither could move until a new home is in place, so I would guess that stage 1 would be, build a new home somewhere for the fruit Market, then knock down the old fruit Market and build a new stadium, then move out the Mem. Sounds like the sort of thing that would take a long time. Quote Link to comment Share on other sites More sharing options...
Born and Red in 82 Posted June 20, 2020 Report Share Posted June 20, 2020 So in simple terms for this simple person they are debt free but wont own anything ! it will be interesting to see how it un ‘folds’ Quote Link to comment Share on other sites More sharing options...
steviestevieneville Posted June 20, 2020 Report Share Posted June 20, 2020 17 minutes ago, Eddie Hitler said: Well, after all the laughs they've given us stretching all the way back to the Wonga loan and the watertight contract with Sainsbury's I am happy to acknowledge that these financing changes are without question tremendous news for the Rovers. No qualifying statement it is simply very good news indeed. Now with that conceded please go back to making us laugh. Rumours that I’ve seen are . A consortium buying the fruit market land . Building a stadium and housing but not having a stake in the football club. if this is true then they’d be back to being rent boys and depending on the lease agreement , it could end up back to a eastville scenario or a Coventry 1 Quote Link to comment Share on other sites More sharing options...
luke_bristol Posted June 20, 2020 Report Share Posted June 20, 2020 Just now, Born and Red in 82 said: So in simple terms for this simple person they are debt free but wont own anything ! it will be interesting to see how it un ‘folds’ That’s why I can’t understand their joy they owe **** all but they own **** all The only assets they’d have would be their players, and it’s been a long time since they had players like Lambert on their books 2 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted June 20, 2020 Report Share Posted June 20, 2020 23 minutes ago, luke_bristol said: That’s why I can’t understand their joy they owe **** all but they own **** all The only assets they’d have would be their players, and it’s been a long time since they had players like Lambert on their books So sustainability would need to come from their academy and developing players for resale? Tricky market to get right I would wager, we have had some success in developing young players, but a lot of our youth we've paid transfer fees for. 1 Quote Link to comment Share on other sites More sharing options...
Peter O Hanraha-hanrahan Posted June 20, 2020 Report Share Posted June 20, 2020 3 hours ago, Tinmans Love Child said: It’s funny that when SL writes of our debt they mock this approach and gloat how it will all go wrong when SL sells up, yet when exactly the same thing happens to them it’s amazing news and the start of a new era! I’m going to answer this post ‘Sagstyle’: “Ye but deY is a SugA dAddys plAstic pLayFing I cAnt wAyt TIL hE pullS dA pLug n deY gO bUst looooooooool a nEw earrer iz cuMin” 1 Quote Link to comment Share on other sites More sharing options...
Gazred Posted June 20, 2020 Report Share Posted June 20, 2020 Seems like Wally learnt his lesson when Higgs lumbered him with a polished turd. I'm sure at this point he's just applying a fresh coat of polish before moving it on and breaking even or making a small profit now he's had his fun with it. Quote Link to comment Share on other sites More sharing options...
italian dave Posted June 20, 2020 Report Share Posted June 20, 2020 49 minutes ago, steviestevieneville said: Rumours that I’ve seen are . A consortium buying the fruit market land . Building a stadium and housing but not having a stake in the football club. if this is true then they’d be back to being rent boys and depending on the lease agreement , it could end up back to a eastville scenario or a Coventry Or what they could have had at UWE. As you say, dependent on the lease terms (I think that was the problem at UWE) but they can't know now what they'll likely be. Quote Link to comment Share on other sites More sharing options...
Crackers Corner Posted June 20, 2020 Report Share Posted June 20, 2020 16 hours ago, DSTAF said: It looks like the start of something for the slags and wally. Is it going to be a happy or sad ending? They wouldn't know a happy ending if they paid for it in a Thai red light district. Quote Link to comment Share on other sites More sharing options...
steviestevieneville Posted June 20, 2020 Report Share Posted June 20, 2020 12 minutes ago, italian dave said: Or what they could have had at UWE. As you say, dependent on the lease terms (I think that was the problem at UWE) but they can't know now what they'll likely be. I’m guessing but tying it in with wael buying his brother out who was completely against uwe. It could be a case peppercorn rent but no bar/ hospitality takings . Which will have them in a financial headlock Quote Link to comment Share on other sites More sharing options...
pongo88 Posted June 20, 2020 Report Share Posted June 20, 2020 37 minutes ago, Bristol Rob said: So sustainability would need to come from their academy and developing players for resale? Tricky market to get right I would wager, we have had some success in developing young players, but a lot of our youth we've paid transfer fees for. The academy route seems to be the likely option as Rovers have said they want to get rid of their “expensive” (!) players and replace them with lower league cheaper players with potential. As Rovers are in League 1, and aren’t prepared to pay much, the players they get aren’t likely to be of high standard. Any exceptional local young players will have the choice of joining City’s academy or Rovers. An easy choice 1 Quote Link to comment Share on other sites More sharing options...
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