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Bristol Rovers Dustbin Thread


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3 hours ago, Miah Dennehy said:

Well I was brought up in Fishponds, now live in Hanham, have also lived in Eastville, Kingswood and very briefly Warmley. So I nearly have the full set!  Maybe it just depends where I'm living :)

Edit: I also lived in Lawrence Weston 30 odd years ago which- at the time- I would have said was more Rovers than City!  Mind you when I lived in Redfield and St George it was more of a 50/50 split.

L Dub was more Blue than red, where As  Shire was the opposite, more red that blue.

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6 hours ago, Bob Taylor is GOD said:

It would be interesting to know where the current "Blue Few" come from?

Eastville/Fishponds,     Kingswood/Hanham/Warmley,    Bath,   Horfield...

Used to be 1 on Bemmy Down but I think he's gone now 

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5 hours ago, Miah Dennehy said:

Well I was brought up in Fishponds, now live in Hanham, have also lived in Eastville, Kingswood and very briefly Warmley. So I nearly have the full set!  Maybe it just depends where I'm living :)

Edit: I also lived in Lawrence Weston 30 odd years ago which- at the time- I would have said was more Rovers than City!  Mind you when I lived in Redfield and St George it was more of a 50/50 split.

can you confirm that the Rovers 50 in the above is actually in thousands, like the Wembley attendance?, therefore more than our portion.

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Reading tonight's Bristol Post article headlined "Wael Al-Qadi, Bristol Rovers and the truth" I was reminded of the old Gene Pitney song "Somewhere in the West Country"

Nobody wants him he's nobody's child
Nobody seems to care
Isn't it funny now that he needs someone
There's nobody there ...

 

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13 hours ago, Midlands Robin said:

Wally cetainly has all his eggs in one basket now.

If he can't secure some sort of deal in the next 1 or 2 years there's going to be one giant omlette in the middle of the Gloucester Road.

Yes, it's a fruit basket.

Trouble is, the people that want to buy the fruit basket, don't appear to care, need or want BRFC on board.

I would imagine that the Mayor of BCC and his best mate are doing their utmost to tempt those prospective fruit basket owners into including a stadium, with the transfer/sale of cheap public owned land. Thing is, they'd get a better and quicker return on their investment if it were developed for residential use.

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8 minutes ago, Rich said:

Yes, it's a fruit basket.

Trouble is, the people that want to buy the fruit basket, don't appear to care, need or want BRFC on board.

I would imagine that the Mayor of BCC and his best mate are doing their utmost to tempt those prospective fruit basket owners into including a stadium, with the transfer/sale of cheap public owned land. Thing is, they'd get a better and quicker return on their investment if it were developed for residential use.

they wont get no return on their investment with that shower gung ho on nicking it

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Can any of the financial wizz kids on here explain to me how capitalising debt works? 

I know SL has done it for us so it's industry practice but I don't quite get it. 

I sort of understand that instead of paying a debt the company pays its loaner the debt value in shares and that due to the two companies being under the same roof its a bit like paying yourself however, what does that do to a clubs value? 

If the methane snorters were valued at 13.5 million and the share issue was greater than that then surely that would now value the club at the level of the share issue otherwise the share holder will have to wait for the value of his stock to be at that level or greater to make any money. 

If I have 20 million pounds worth of shares but someone wants to buy me out they have to give me 20 million to buy 13.5 million pounds worth of assets? 

It's confusing. 

 

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51 minutes ago, Midlands Robin said:

Can any of the financial wizz kids on here explain to me how capitalising debt works? 

I know SL has done it for us so it's industry practice but I don't quite get it. 

I sort of understand that instead of paying a debt the company pays its loaner the debt value in shares and that due to the two companies being under the same roof its a bit like paying yourself however, what does that do to a clubs value? 

If the methane snorters were valued at 13.5 million and the share issue was greater than that then surely that would now value the club at the level of the share issue otherwise the share holder will have to wait for the value of his stock to be at that level or greater to make any money. 

If I have 20 million pounds worth of shares but someone wants to buy me out they have to give me 20 million to buy 13.5 million pounds worth of assets? 

It's confusing. 

 

I've no basis for this, but I always assumed it worked so that the owner takes a larger slice of the club, diluting the value of other shareholders in the process.

So let's say there are 100 shares of Bristol Rovers. Wael owns 49 shares and other investors own 51 shares. So 49% v 51%.

The club has racked up debts to Wael.

Instead of calling in the debt, Wael can capitalise it as equity instead. So the club will create maybe 20 extra shares, all going to Wael (so it's now 69 shares v 51 shares). This leaves the split at 57.5% v 42.5%. So the other investors own the same number of shares as before, but they are now worth less as Wael has taken a bigger chunk of the pie as part of the debt capitalisation.

The club's value remains exactly the same theoretically. It's just distributed differently internally.

I could be way, way off but this is how I assumed it works, and I think it's this practice which has allowed Wael to take control of Rovers.

Fully prepared to be ripped to shreds here now!

Edited by nebristolred
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3 hours ago, nebristolred said:

I've no basis for this, but I always assumed it worked so that the owner takes a larger slice of the club, diluting the value of other shareholders in the process.

So let's say there are 100 shares of Bristol Rovers. Wael owns 49 shares and other investors own 51 shares. So 49% v 51%.

The club has racked up debts to Wael.

Instead of calling in the debt, Wael can capitalise it as equity instead. So the club will create maybe 20 extra shares, all going to Wael (so it's now 69 shares v 51 shares). This leaves the split at 57.5% v 42.5%. So the other investors own the same number of shares as before, but they are now worth less as Wael has taken a bigger chunk of the pie as part of the debt capitalisation.

The club's value remains exactly the same theoretically. It's just distributed differently internally.

I could be way, way off but this is how I assumed it works, and I think it's this practice which has allowed Wael to take control of Rovers.

Fully prepared to be ripped to shreds here now!

Wael took effective sole control by negotiating the acquisition of the other family shareholdings in Dwane Sports after the death of his father. He now holds 90% of the family share holding and his brother Sami 10%.

Although I’m no expert on capitalising debt, I think your description is pretty much spot on. By issuing more shares that he then acquires, Wael can remove the outstanding debt, but this also dilutes the percentage held by other people. I believe it’s the process SL has used at City to remove debt, although I stand to be corrected.

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31 minutes ago, weeble said:

Wael took effective sole control by negotiating the acquisition of the other family shareholdings in Dwane Sports after the death of his father. He now holds 90% of the family share holding and his brother Sami 10%.

Although I’m no expert on capitalising debt, I think your description is pretty much spot on. By issuing more shares that he then acquires, Wael can remove the outstanding debt, but this also dilutes the percentage held by other people. I believe it’s the process SL has used at City to remove debt, although I stand to be corrected.

The last couple of sentences are spot on. My 10 a shares in City mean I now only  own one hundredth of a door handle on one of the toilet doors. Not that I’m complaining as if could be worse. I could hold 100% of a tent at the minimal stadium 

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8 minutes ago, BCFC11 said:

There is a huge difference between decent and stunning.

These signings are unlikely to be playing for pennies, wonder if Wally has loosened the purse strings and is having a punt at the top 6?

Either way, they are doing their business early which is usually a sign of intent.

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31 minutes ago, Bristol Rob said:

These signings are unlikely to be playing for pennies, wonder if Wally has loosened the purse strings and is having a punt at the top 6?

Either way, they are doing their business early which is usually a sign of intent.

Everything they do is in sight of a tent.

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On 25/06/2020 at 15:42, nebristolred said:

I've no basis for this, but I always assumed it worked so that the owner takes a larger slice of the club, diluting the value of other shareholders in the process.

So let's say there are 100 shares of Bristol Rovers. Wael owns 49 shares and other investors own 51 shares. So 49% v 51%.

The club has racked up debts to Wael.

Instead of calling in the debt, Wael can capitalise it as equity instead. So the club will create maybe 20 extra shares, all going to Wael (so it's now 69 shares v 51 shares). This leaves the split at 57.5% v 42.5%. So the other investors own the same number of shares as before, but they are now worth less as Wael has taken a bigger chunk of the pie as part of the debt capitalisation.

The club's value remains exactly the same theoretically. It's just distributed differently internally.

I could be way, way off but this is how I assumed it works, and I think it's this practice which has allowed Wael to take control of Rovers.

Fully prepared to be ripped to shreds here now!

Correct, I think, except that the club’s value rises, it doesn’t stay the same. There is now capital of 120, not 100. And yes, the asset value is the same, but the debt has been reduced, so the net asset value has risen. This is why capitalising the owner’s debt is generally seen as a good thing - he has the same amount of money involved, but the balance sheet is stronger. If the business fails, the owner loses that extra money, rather than claiming it as a lender.

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A dustbin thread? Really? Can't they come up with at least one original thought. Do they have to steal everything.

I suppose it will have such hoots as;

1) Its not a proper stadium without terraces and tents (a few garden sheds and a cricket pavillion)

2) When was the last time you played Rochdale eh eh?

3) It doesn't have Babestation on tap.

Obsessive behaviour.

 

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27 minutes ago, The Gasbuster said:

Bless !

A Dustbin thread.

How original 

image.thumb.jpeg.e0f2b54e0e9b476d221c5ebe680c564a.jpegimage.thumb.png.3428ecbb73622b02c3542d7af0420765.png

Hahahaha, we lose 2 games (so far) in a division they haven’t been as high as for a quarter of a century and they’ve already racked up 7 pages 🤣

Imagine what they’d be like if we ever got relegated from the football league by a club wearing our kit?

Or if we claimed to be the 6th richest club in the country before erecting a new tent stand?

Or we lost our best player for peanuts to our much bigger rivals after saying he wouldn’t be sold for less than £10 million?

Or one of the hundreds of other comedy moments they’ve provided over the last 5 years? 🤣🤣

Of course, they’re not obsessed though...apparently.

9 minutes 40 seconds onwards, hilarious.

 

 

Edited by Peter O Hanraha-hanrahan
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1 hour ago, Peter O Hanraha-hanrahan said:

Hahahaha, we lose 2 games (so far) in a division they haven’t been as high as for a quarter of a century and they’ve already racked up 7 pages 🤣

Imagine what they’d be like if we ever got relegated from the football league by a club wearing our kit?

Or if we claimed to be the 6th richest club in the country before erecting a new tent stand?

Or we lost our best player for peanuts to our much bigger rivals after saying he wouldn’t be sold for less than £10 million?

Or one of the hundreds of other comedy moments they’ve provided over the last 5 years? 🤣🤣

Of course, they’re not obsessed though...apparently.

9 minutes 40 seconds onwards, hilarious.

 

 

My 15 minutes of fame :)

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On 27/06/2020 at 15:21, BCFC11 said:

There is a huge difference between decent and stunning.

 ....as I quipped to many a drinking pal in Papillons whilst perusing the assembled throng from the balcony ... 🍷

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