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Bristol Rovers Dustbin Thread


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Hamer being thrown under the bus as a scapegoat, because things aint quite right? Didn't he oversee Swansea into administration? Of course, a possible scenario might be that, the prospective new owners might not like dealing with him.

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3 hours ago, Maesknoll Red said:

Stop it, getting our hopes up, although, what a nice Xmas gift that would be 😀

On the first day of Christmas my true love gave to me.

The Rovers going into administree. 

Pretty crap lyrics but you get the sentiment.

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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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