Jerseybean Posted November 7, 2019 Report Share Posted November 7, 2019 How remarkably fortunate are we to have Steve Lansdown He has converted debt of £71m into shares: https://www.bristolpost.co.uk/sport/football/football-news/bristol-city-owner-steve-lansdown-3512106 Long may his incredible support and his modest, almost invisible approach, continue. Link to comment Share on other sites More sharing options...
Homer Simpson Posted November 7, 2019 Report Share Posted November 7, 2019 Thanks John. Link to comment Share on other sites More sharing options...
Sturny Posted November 7, 2019 Report Share Posted November 7, 2019 More good news is Ashton Gate is making a £15.7m turnover a year and rising Probably more than the mem has made in 10 years Link to comment Share on other sites More sharing options...
Kodjias Wrist Posted November 7, 2019 Report Share Posted November 7, 2019 12 minutes ago, Sturny said: More good news is Ashton Gate is making a £15.7m turnover a year and rising Probably more than the mem has made in 10 years The increased level of turnover is astounding and long may it continue. Yeah the gas will be fuming again, long live the Lansdowns!! Link to comment Share on other sites More sharing options...
Admin phantom Posted November 7, 2019 Admin Report Share Posted November 7, 2019 Where was this £71m of debt owed? Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 7, 2019 Report Share Posted November 7, 2019 That is an incredibly generous and committed gesture that reassures anyone/sceptics of his unfloundering commitment to the club and Bristol Sport. Even more remarkable, as they continue to claim he’s gas..! Link to comment Share on other sites More sharing options...
CyderInACan Posted November 7, 2019 Report Share Posted November 7, 2019 5 minutes ago, Bar BS3 said: Even more remarkable, as they continue to claim he’s gas..! Agent Lansdown clearly working to bring us down from the inside! Link to comment Share on other sites More sharing options...
Rudolf Hucker Posted November 7, 2019 Report Share Posted November 7, 2019 23 minutes ago, Kodjias Wrist said: Yeah the gas will be fuming again To paraphrase them: "bunch of lady gardens" (that really is below the belt). We all know: There's only one Lord of Guernsey (and he's ours). Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted November 7, 2019 Report Share Posted November 7, 2019 46 minutes ago, Sturny said: More good news is Ashton Gate is making a £15.7m turnover a year and rising Probably more than the mem has made in 10 years A bit of that will be Rugby based. Don't know if there's a segmentation in there. However yes, we are absolutely trying to get full value, to make full use, gain full income streams out of the asset- and rightly so. Link to comment Share on other sites More sharing options...
Eddie Hitler Posted November 7, 2019 Report Share Posted November 7, 2019 11 minutes ago, phantom said: Where was this £71m of debt owed? I think thsi is being reported slightly incorrectly. £71m of shares have been issued in Bristol City Football Club which has been described as: "capitalisation of loan by Bristol City Football Club to its parent company". However it wouldn't work this way round. BCFC (the sub) is owned by Holdings (the parent) and at 31 May 2019 was owed £1.2m by group companies but owed £77.3m to group undertakings. So I would say that it is the capitalisation of the loan TO Bristol City Football Club by its parent company. The end result being that BCFC now owes £71m less to Holdings by capitalising that debt: Dr Group Creditors £71m Cr Share Capital £71m It's effectively writing off that money and providing a buffer for all other creditors of BCFC as its shareholders deficit (net debts) was £49m but it now has net assets of £22m. There's no benefit to either the Lansdowns or the minority shareholders in increasing the share capital of BCFC because they own 100% of it anyway. It's another altruistic transaction for the benefit of the club. Link to comment Share on other sites More sharing options...
Port Said Red Posted November 7, 2019 Report Share Posted November 7, 2019 6 minutes ago, Mr Popodopolous said: A bit of that will be Rugby based. Don't know if there's a segmentation in there. However yes, we are absolutely trying to get full value, to make full use, gain full income streams out of the asset- and rightly so. According to the Kieran Macguire Twitter quoted on the other thread, the stadium income for “other commercial enterprises” was up to 14.7m. I read that as outside of sports? Link to comment Share on other sites More sharing options...
Bristol Rob Posted November 7, 2019 Report Share Posted November 7, 2019 Meanwhile, Wally looks to air-B&B one of his tents. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted November 7, 2019 Report Share Posted November 7, 2019 14 minutes ago, Port Said Red said: According to the Kieran Macguire Twitter quoted on the other thread, the stadium income for “other commercial enterprises” was up to 14.7m. I read that as outside of sports? Bristol City Holdings is Bristol City FC income + Ashton Gate Limited- minus rugby related I guess. Ground rent is listed somewhere, but not really looked at that in depth- that could also affect the figures a bit. Link to comment Share on other sites More sharing options...
Ronnie Sinclair Posted November 7, 2019 Report Share Posted November 7, 2019 11 minutes ago, Bristol Rob said: Meanwhile, Wally looks to air-B&B one of his tents. and has written off 71p of debt, loose change that he put in the meter on the back of the Babestation TV to switch it on again Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted November 7, 2019 Report Share Posted November 7, 2019 27 minutes ago, Ronnie Sinclair said: and has written off 71p of debt, loose change that he put in the meter on the back of the Babestation TV to switch it on again The 71p only enabled it to be viewed for thirty seconds but that was all most of them needed. Link to comment Share on other sites More sharing options...
NOTBLUE Posted November 7, 2019 Report Share Posted November 7, 2019 39 minutes ago, Ronnie Sinclair said: and has written off 71p of debt, loose change that he put in the meter on the back of the Babestation TV to switch it on again Apparently 40p if that has been written off,it was actually 4 x 1970 Esso World Cup coins(one for the longer in tooth of us) Link to comment Share on other sites More sharing options...
Ronnie Sinclair Posted November 7, 2019 Report Share Posted November 7, 2019 32 minutes ago, NOTBLUE said: Apparently 40p if that has been written off,it was actually 4 x 1970 Esso World Cup coins(one for the longer in tooth of us) and one of the old style 10ps, found under the carpet when it was cleaned for the first time since 1979 Link to comment Share on other sites More sharing options...
Davefevs Posted November 7, 2019 Report Share Posted November 7, 2019 1 hour ago, Mr Popodopolous said: Bristol City Holdings is Bristol City FC income + Ashton Gate Limited- minus rugby related I guess. Ground rent is listed somewhere, but not really looked at that in depth- that could also affect the figures a bit. Think you need to look at this differently. BCH is made up of the trading of BCFC and AG. For BCFC, we understand the finances at a reasonable level. Income from matches, tv, League, plus transfer profit etc. Costs from Wages, Amortisation of player contracts, operational costs, e.g.to bristol sport for ticketing etc. AG’s trading includes income from BCFC and Rugby (in the form of rent from allowing both to use its stadium). It also receives income from concerts, events etc. Along with the costs of operating the stadium for football, rugby, concerts etc, AG also has to pay interest on the stadium loan to SL (Pula). There might be some ground rent too. Link to comment Share on other sites More sharing options...
Banjo Island Posted November 7, 2019 Report Share Posted November 7, 2019 1 hour ago, NOTBLUE said: Apparently 40p if that has been written off,it was actually 4 x 1970 Esso World Cup coins(one for the longer in tooth of us) Never managed to get the pele one Link to comment Share on other sites More sharing options...
downendcity Posted November 7, 2019 Report Share Posted November 7, 2019 7 minutes ago, Banjo Island said: Never managed to get the pele one Pele's always was a hard one to find. Not any longer though.......... ... Shorter and softer if the rumours are true. Link to comment Share on other sites More sharing options...
Sir Geoff Posted November 7, 2019 Report Share Posted November 7, 2019 2 hours ago, NOTBLUE said: Apparently 40p if that has been written off,it was actually 4 x 1970 Esso World Cup coins(one for the longer in tooth of us) Still got mine together with the squelchers pack. Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted November 7, 2019 Report Share Posted November 7, 2019 5 hours ago, Homer Simpson said: Thanks John. *Jon ... Link to comment Share on other sites More sharing options...
Homer Simpson Posted November 7, 2019 Report Share Posted November 7, 2019 4 minutes ago, BS4 on Tour... said: *Jon ... Pleased with that, 75% of the letters were correct. I'm on roll, role. Oh fuckit I quiet, quite, quit. Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted November 7, 2019 Report Share Posted November 7, 2019 21 minutes ago, Homer Simpson said: Pleased with that, 75% of the letters were correct. I'm on roll, role. Oh fuckit I quiet, quite, quit. A legendary retort to my pedantry - good work! Link to comment Share on other sites More sharing options...
Midlands Robin Posted November 7, 2019 Report Share Posted November 7, 2019 I don't understand any of the methodology behind the debt to share transfer but I do understand a few things: 1) it improves the financial stability and sustainability of our club. 2) it reconfirms our Chairman's commitment to Bristol City (as if that was in doubt!) 3) it will continue to piss the fewers off and have them ranting into their cups of fake Fanta. Happy days. Link to comment Share on other sites More sharing options...
LocoPal Posted November 7, 2019 Report Share Posted November 7, 2019 This post should be pinned. I hope that everyone understands or can appreciate the enornity of this gesture & a transaction that will help to stabilise the club for a long time, moving forward. All hail, Steve! I always thought that Bristol Rugby paid Bristol City Holdings, 2 million for the use of Ashton Gate. Is that right? Link to comment Share on other sites More sharing options...
Topper 123 Posted November 9, 2019 Report Share Posted November 9, 2019 I’ve seen lots of people saying it’s time the crowd as a whole stood and cheered Steve Lansdown at the next home game -what a great idea to let the fella know how much we appreciate him “ one Steve lansdown “ on the 71 minute GREAT TO SEE Link to comment Share on other sites More sharing options...
FrozenRobin Posted November 9, 2019 Report Share Posted November 9, 2019 fair play steve Link to comment Share on other sites More sharing options...
Slippin cider Posted November 9, 2019 Report Share Posted November 9, 2019 Small change for me that .... Link to comment Share on other sites More sharing options...
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