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Bristol Rovers Dustbin Thread


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5 hours ago, wood_red said:
midlandgas213
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Next Level in 1401 posts
Feb 19, 2016 at 2:37pm
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Post by midlandgas213 on Feb 19, 2016 at 2:37pm

ahhhhh getting all shirty already wait till we pass you on the way up and you are on the way down, and how many of the floating Bristol fans will you expect at trashton they will all becoming to the gas house in future
don't also forget you are deep In the mire in a relegation fight so see you next season anyway we might let you tramps in the mem to clean it
 
 
 
 
 
HOW'S ALL THAT GOING MIDLANDGAS213??..

Not very well. Can you imagine the Mem being clean..?! 

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1 hour ago, Eddie Hitler said:

It is based on speculation but its possible, as in administration rather than going bust.  That the then directors didn't want to put any more of their own money at risk was evidenced by the "wonga" loans at high rates which were timed to repay at the time after Sainsburys paid the vast overvalue (was it £30m?) for the Memorial Ground and the UWE stadium started.  That Sainsburys pulled out meant they were then down to repaying those loans out of their own pockets and looked like they didn't wnat to do that so that would have meant administration.

Just ticking back through their year end accounts with the AQs taking over Feb 2016 shows that the loss has doubled, with the costs of the £250k London office clearly not helping.  Even an optimistic valuation of the Mem is £15m now so the net assets of the club will be near as damn it zero come 30 June 2018 or, to put it another way, now.

Years ended 30 June

Net liabilities exc. the ground

  • 2013: £5.8m
  • 2014: £6.4m - increase £0.6m
  • 2015: £8.4m - increase £2.0m
  • 2016: £10.1m - increase £1.7m
  • 2017: £12.7m - increase £2.6m

Annual Operating Loss

  • 2013: £0.8m
  • 2014: £0.6m
  • 2015: £0.9m
  • 2016: £0.6m (plus a £2.3m write off of previously capitalised costs for UWE so headline £2.9m)
  • 2017: £2.1m (plus a £0.9m write off as above so headline £3.0m)

Those losses, until now, have been sustainable, thanks to guaranteeing them against the value of the Mem. 

The problems begin from here on in. There is literally nothing left..! 

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12 minutes ago, hail gus cesaer said:

Are some of them starting to realise what we’ve known for years?

**** the gas!

Who’d have thought that some unheard of foreigner buying your club, after the likes of Gillingham had refused their involvement, could possibly go wrong..? 

Oh yeah... Gillingham. And us..! 😂😂😂

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Our blue friends need our help, can anyone assist ?

 
Weeezord
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39 minutes ago
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I appreciate this will likely turn sour but as I can't make it down the Mem until a couple of months into the new season, does anyone have any photos of the new improvements?
 
Notably the new North east section and club shop etc.
 
 
 
 
 
 
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5 minutes ago, B block said:

Our blue friends need our help, can anyone assist ?

 
Weeezord
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39 minutes ago
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I appreciate this will likely turn sour but as I can't make it down the Mem until a couple of months into the new season, does anyone have any photos of the new improvements?
 
Notably the new North east section and club shop etc.
 
 
 
 
 
 

Improvements !!!!! That will be the 300 seat structure that can be knocked up in a day and a half 😁😁😁

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25 minutes ago, B block said:

Our blue friends need our help, can anyone assist ?

 
Weeezord
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39 minutes ago
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I appreciate this will likely turn sour but as I can't make it down the Mem until a couple of months into the new season, does anyone have any photos of the new improvements?
 
Notably the new North east section and club shop etc.
 
 
 
 
 
 

0B38626A-85EA-4634-90F0-27AE20BDCF92.jpeg.d331f04b4ac9ce5553d6cd4a823e31c2.jpegHere you are weeezord 

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19 minutes ago, JamesBCFC said:

There's a £300 reward for a lost cat in Hanham at the moment.

I'm going to start checking the trees.

Three hundred quid? Just buy one from a pet shop, they`ll never know the difference - my sister didn`t when her hamster died when she was on holiday.

Edited by Red Right Hand
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1 hour ago, SirColinOfMansfield said:

I can't see why the fans are getting so agitated .... this is from last December when he laid out his plans with incredibly detailed timescales...

Apparently one "These Things Do Take Time" = X years (where X = 4 Irenes * 3 Tillsons / 2 Harrisons + a Matty Taylor)

 

 

You forgot the Partridge in a pear tree.

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9 hours ago, Coombsy said:

The rented office got to be for tax reasons plus they are using it for there other business while taking money from  rovers to pay for it 

of course he' comes across as a lovely man wait till the the fall out you see his true colours 

bet he's don't turn up for the fiirst game he be on holiday suning his self payed by the increce of coffee prices 

how lucky are we 

You have to make profits to pay Corporation Tax. You seldom do anything in business solely ‘for tax reasons’, If benefits through reduced taxation are your determining criterion then you’ve probably got it wrong........

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14 minutes ago, Eddie Hitler said:

Exactly.

I think the operation in London is actually very revealing.  I have been involved in major development schemes with the most complicated involving three parties (they get more complicated but that's my highest one) and they take a huge amount of work to set up and may need to change if one of the parties drops out; raises the price etc.

I think that the purchase of Rovers by the Al Qadis had two sides:

1) A foootball club to let Wael live out his dream of being a smaller scale Roman Abrahamovic; this will be an overhead to the main business but may possibly come good if they get a run and get promoted to the Championship or Premiership.  Obviously both are incredibly unlikely but this doesn't matter anyway.

Because this was only a sideline to the main reason:

2) Property development: on buying this looked like a fantastic deal - sell the Mem for top dollar, move to s ahiny new part-owned stadium, take the money out and sell the club as a going concern.

This however collapsed so onto a new plan to get a return on your investment.

You own a big piece of prime Bristol land from which you want to make money, to do this at best profit you need to develop it as housing rather than sell it as a devlopment site to somebody else.  To develop it you need:

Land - got that

Financing - either a loan for development finance or a joint venture partner who will provide financing equal to the land value and then share profits on sale; ideally the latter as this is lower risk.  This is who the London office has been tasked to find.

Planning permission - owning the club helps with this; couch it that the development is needed to "save Rovers" and councillors start lining up to back it with a view to votes.  So with this you can get away with densisty / lack of affordable that a normal developer couldn't.

If they can get ths off the ground with a suitable partner / investor within a couple of years then they stand to make a profit on buying Rovers.  The football club is a sideshow to give Wael something to do and help with the planning application when it goes in.  There will be no big money purchases, the money is needed for the development scheme, and there will be no substantial spend on the Mem when the aim is to flatten it.

This why a pleasant old buffer like Steve Hamer was brought in: to keep the fans quiet by encouraging words so that they don't realise that there is zero interest by the owners in the football club; they just happen to play on a valuable piece of real estate. 

If you want to do nothing but still want to pretend to be doing something then what sort of catchphrases would you come up with?

How about?

  • Evolution not revolution.
  • These things take time.

So long story short; property deal gone bad, they are trying to salvage a return.

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14 hours ago, Swede said:

Haha, I can only read a few of the posts before wiping the tears of merriment from my eyes, bless 'em.

It would be extremely interesting to hear their comments now in hindsight.

All joking aside you have to question what both sides have to offer with an investor & club.

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Feb 19, 2016 at 3:49pm baggins likes this
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Post by Hugo the Elder on Feb 19, 2016 at 3:49pm

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Who said cityinpeace is gutted? 
I think we should keep our feet on the ground. After all many people have spent years telling them how arrogant they are.
We may not be Ragbag Rovers any more but at least we should not try to become like some City82 supporters...
 

I'm defiantly not gutted. Obviously you are all getting a bit excited about, which is fair enough, the same happened when Lansdown happened. 
If anything, this may make City push further on, for obvious reasons. 

There is however a danger to the deal you've just done, just hope it ends positively for you lot.
 

Banned.

Woo woo!

As ever, the slightest criticism resulted in an immediate ban....

Apologies for not reading the entire thread before posting....

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14 hours ago, Sergio Georgini said:

I see our old Portsmouth/Rovers fan Weezlebee liking a lot of the narcissistic comments made by the horsepunchers 15ers back in 2016, whatever happened to him?

Glad it's gone all tits up with Wally at the helm, who seems such a terrific chap..

I like him , so far he hasn't disappointed.

:laughcont:

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