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Bristol Rovers Dustbin Thread


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37 minutes ago, East End Old Boy said:

This news then never got through to them then, as their accounts have been lodged at Companies House!

just need to wait a few days.......... 🥳

Group of companies' accounts made up to 30 June 2019

This document is being processed and will be available in 5 days.

 

22 minutes ago, Eddie Hitler said:

That is surprising after last year's late filings.

I would suggest that, assuming the going concern requirement has been met and that's pretty much nailed on for an early filing, this represents good news for them in that they're not being asset-stripped and sold but will definitely run for another season.

Getting the news out now so it goes under the radar of many due to the current news?

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2 minutes ago, bert tann said:

Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again.

Really?

That's a bit daft from the tax position if they ever want to take money out.

Great news for Rovers if this is the case though as that's effectively a £15m donation.

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4 minutes ago, bert tann said:

Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again.

It's true self isolation DOES make people delussional

3 minutes ago, Eddie Hitler said:

You are Tony Blair's spin doctor Jo Moore and I claim my five pounds.

:whistle2:

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54 minutes ago, bert tann said:

Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again.

So Wally has blown his inheritance then.

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1 hour ago, bert tann said:

Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again.

Bert - are you Comical Ali in disguise?

516BCC38-0C03-4758-9639-D02A2DA9AE82.jpeg

Edited by pongo88
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16 hours ago, bert tann said:

Early reports indicate the 2019 accounts will show the Dwane Sports loan as having been fully written off with Rovers now properly capitalised and raring to go when the football starts again.

Not this time Bert.

Debt to Dwane Sports up to £16.2m from £13.1m. 

Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m.

The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds.

image.png.918c7c44d2c4e6a5cf05d062f999ec6e.png

 

As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m.

 

In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m.

So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are.

Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances.

Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were.  Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling.  IIRC £6m was thr quoted figure paid.

There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020.

 

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22 minutes ago, Eddie Hitler said:

Not this time Bert.

Debt to Dwane Sports up to £16.2m from £13.1m. 

Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m.

The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds.

image.png.918c7c44d2c4e6a5cf05d062f999ec6e.png

 

As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m.

 

In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m.

So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are.

Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances.

Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were.  Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling.  IIRC £6m was thr quoted figure paid.

There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020.

 

So, @Eddie Hitler they made a couple Tillson’s profit on sale of player/s, guess that was the guy who went to Charlton, can’t think of anyone else!

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9 minutes ago, East End Old Boy said:

In that case, I can’t remember them actually selling anyone since Taylor! 

Harrison went to Ipswich for 700k since then iirc. That being said, only 1 million from their 2 best players last decade says it all

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Just checked, Tom Lockyer had already left the b-losers before he signed for CAFC.

'Tom Lockyer became Charlton’s third summer signing of 2019 following his departure from Bristol Rovers.'

Edited by Ska Junkie
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3 hours ago, Eddie Hitler said:

Not this time Bert.

Debt to Dwane Sports up to £16.2m from £13.1m. 

Interest payable on that £700k so 4.8% which isn't unreasonable now that a chunk of that is unsecured by exceeding the value of the ground; vaued at £11m.

The going concern note is more standardised suggesting that it was less of an issue - Dwane Sports will have provided proof of funds.

image.png.918c7c44d2c4e6a5cf05d062f999ec6e.png

 

As above post operating loss before player sales £4m up from £3.6m but include the interest and it's £4.7m up from £4.1m.

 

In some ways this a a smaller verison of the way that City runs its business with an acceptable ongoing budgeted loss; with our operating loss before player trading being a much larger £18m.

So if the AQs are genuinely rich and are choosing to supprt Rovers as the Lansdowns support City then there is no reason to suppose that they won't keep going as they are.

Obviously there remain the questions about the ground and the training ground but financially they're looking ok within the context of the mad world of football finances.

Tbh I'm surprised as they are now very much underwater in terms of their investment but are continuing as they were.  Also remember that this is 30 June 2019 so that debt is now going to be at least £20m vs the £11m valuation on the ground so approaching £10m underwater and they're unlikely to receiev that from selling.  IIRC £6m was thr quoted figure paid.

There were no post balance sheet events noted so if they have capitalised the loan it was after the date of signing being 20 Feb 2020.

 

No problem, they`ll just sell Clarke-Harris for £10m and all will be fine.

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So their 65k a week loss is now 78k a week.

(If you exclude the one off adjustment for them selling Harrison).

Quite some achievement.

I'm sure by 5pm one of their supporters will suggest they have a quiz night and a car boot sale to help redress the loss.

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10 minutes ago, Bristol Rob said:

So their 65k a week loss is now 78k a week.

(If you exclude the one off adjustment for them selling Harrison).

Quite some achievement.

I'm sure by 5pm one of their supporters will suggest they have a quiz night and a car boot sale to help redress the loss.

They`ll have to have a virtual one though. Probably be as popular as a normal one though.

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Seems some are finally waking up in Horfield;

"£23m in debt and you still have to stand on a sh**ty terrace and wade through 4 inches of piss to go to the toilet. This is all going to end badly. Crowds over the next 10 years will decline. You only have to look at the number of supporters at the mem who are 65+ to realise that."

:laughcont:

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