wendyredredrobin Posted December 23, 2021 Report Share Posted December 23, 2021 Some things don't seem to add up here either, for example, how come they can sell the Mem, which is mortgaged to the hilt and still have enough to buy another pice of land and build a stadium on it? Surely there cannot be that much difference in the value of the two plots of land. Is someone else paying as usual? Quote Link to comment Share on other sites More sharing options...
richwwtk Posted December 23, 2021 Report Share Posted December 23, 2021 2 minutes ago, wendyredredrobin said: Some things don't seem to add up here either, for example, how come they can sell the Mem, which is mortgaged to the hilt and still have enough to buy another pice of land and build a stadium on it? Surely there cannot be that much difference in the value of the two plots of land. Is someone else paying as usual? That's how I understood it, they sell the mem and get debt (and ground) free. The builder developing the Fruit Market then incorporates a stadium as part of the development and the fewers rent it to play in. I can't imagine the builder would go over the top though. Bog standard off-the-shelf design, and if the reports of space available etc. are correct then not much more than 10,000 capacity. 1 Quote Link to comment Share on other sites More sharing options...
BromleyRed Posted December 23, 2021 Report Share Posted December 23, 2021 Banana Skin Arena 1 Quote Link to comment Share on other sites More sharing options...
bert tann Posted December 23, 2021 Report Share Posted December 23, 2021 20 minutes ago, wendyredredrobin said: Some things don't seem to add up here either, for example, how come they can sell the Mem, which is mortgaged to the hilt and still have enough to buy another pice of land and build a stadium on it? Surely there cannot be that much difference in the value of the two plots of land. Is someone else paying as usual? We may find that Hani Al-Quidi is cleverly extricating himself and his family from Rovers without Wael Al- Quidi having any idea of what is going on. And the club renting a stadium at the Fruit Market will be under completely different ownership. 1 Quote Link to comment Share on other sites More sharing options...
22A Posted December 23, 2021 Report Share Posted December 23, 2021 40 minutes ago, Lanterne Rouge said: The Vegetable Patch? Their cheer leaders would become Cabbage Patch Dolls. 2 Quote Link to comment Share on other sites More sharing options...
22A Posted December 23, 2021 Report Share Posted December 23, 2021 30 minutes ago, richwwtk said: I can't imagine the builder would go over the top though. Bog standard off-the-shelf design, and if the reports of space available etc. are correct then not much more than 10,000 capacity. Well that's more than enough for them. Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted December 23, 2021 Report Share Posted December 23, 2021 So who can fill in the blanks? Sell Mem at £A Repay debt at £B Buy Fruit Market at £C Build Stdium at £D Balance to be funded £A-£B-£C-£D=£E £E sounds like a lot of money to me and then who wants to tent it when the Sags drop out of the league again and can't afford to pay it (assuming £E is sufficient to pay the rent for a few years as they will still be losing money every week with the crowds they are getting Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted December 23, 2021 Report Share Posted December 23, 2021 30 minutes ago, richwwtk said: That's how I understood it, they sell the mem and get debt (and ground) free. The builder developing the Fruit Market then incorporates a stadium as part of the development and the fewers rent it to play in. I can't imagine the builder would go over the top though. Bog standard off-the-shelf design, and if the reports of space available etc. are correct then not much more than 10,000 capacity. Yes, that's my understanding with a long lease at low rent being granted upon the ground. If you actually stand back and look at it though that's really by the way; the only advantage for the Rovers FC over renting at say Twerton or Forest Green is the location. The meat of the deal is that Dwane Sports is selling the Memorial Stadium and surrounding land and therefore recouping the money it has loaned to the club. So under the Al Qadi stewardship they gave gone from ?£6m in debt to mostly third parties to ?£26m in debt to the Al Qadi family and that debt is now going to be cleared by selling off the ground. Or to put it another way: the major achievement of the current owners is to have cost the club their main asset. And yet many on their site think this "move" a good thing because it's easier to get to the fruit market on a matchday. Silly sods. 3 Quote Link to comment Share on other sites More sharing options...
SirColinOfMansfield Posted December 23, 2021 Report Share Posted December 23, 2021 2 hours ago, wendyredredrobin said: Anyone know what this shiny new, probably never to be built, stadium will be called? The Fruit Market Stadium, The Stadium of Fruits or what? Perhaps some of you can come up with some suggestions for them. The Stadium of Blight 2 7 Quote Link to comment Share on other sites More sharing options...
bert tann Posted December 23, 2021 Report Share Posted December 23, 2021 26 minutes ago, wendyredredrobin said: So who can fill in the blanks? Sell Mem at £A Via an Administrator Repay debt at £B £10 million to satisfy Dwane Sports charge. Circa £16 million lost and charged to W Al-Quidi’s “ family account” Buy Fruit Market at £C PLC Build Stdium at £D PLC. Long term lease to NewCo BRFC Balance to be funded £A-£B-£C-£D=£E £E sounds like a lot of money to me and then who wants to tent it when the Sags drop out of the league again and can't afford to pay it (assuming £E is sufficient to pay the rent for a few years as they will still be losing money every week with the crowds they are getting This is the whisper of what could happen gleaned from my friend Ernst and his brother Young Quote Link to comment Share on other sites More sharing options...
Coombsy Posted December 23, 2021 Report Share Posted December 23, 2021 26 minutes ago, bert tann said: This is the whisper of what could happen gleaned from my friend Ernst and his brother Young Don’t look good for the club only one winner here Quote Link to comment Share on other sites More sharing options...
pongo88 Posted December 23, 2021 Report Share Posted December 23, 2021 3 hours ago, wendyredredrobin said: Anyone know what this shiny new, probably never to be built, stadium will be called? The Fruit Market Stadium, The Stadium of Fruits or what? Perhaps some of you can come up with some suggestions for them. Not sure what they’ll call it, but they’ve got a ready made song to go with it Quote Link to comment Share on other sites More sharing options...
bert tann Posted December 23, 2021 Report Share Posted December 23, 2021 6 minutes ago, Coombsy said: Don’t look good for the club only one winner here I beg to differ Coombsy. The winners would be Rovers supporters who would have learned a valuable lesson about delusion and blind faith. A fresh start in a new realistically sized rented stadium with no debt and capable owners would be just what the doctor ordered. Quote Link to comment Share on other sites More sharing options...
Galley is our king Posted December 23, 2021 Report Share Posted December 23, 2021 12 minutes ago, bert tann said: I beg to differ Coombsy. The winners would be Rovers supporters who would have learned a valuable lesson about delusion and blind faith. A fresh start in a new realistically sized rented stadium with no debt and capable owners would be just what the doctor ordered. What playing in the Southern Premier South Quote Link to comment Share on other sites More sharing options...
dilligaf Posted December 23, 2021 Report Share Posted December 23, 2021 3 hours ago, wendyredredrobin said: Anyone know what this shiny new, probably never to be built, stadium will be called? The Fruit Market Stadium, The Stadium of Fruits or what? Perhaps some of you can come up with some suggestions for them. The fruit bowl 1 Quote Link to comment Share on other sites More sharing options...
bert tann Posted December 23, 2021 Report Share Posted December 23, 2021 23 minutes ago, Galley is our king said: What playing in the Southern Premier South A lot rests on the timing of the points deduction which is something Mr Hani Al-Quidi would have to accept. Quote Link to comment Share on other sites More sharing options...
PHILINFRANCE Posted December 23, 2021 Report Share Posted December 23, 2021 2 hours ago, wendyredredrobin said: So who can fill in the blanks? Sell Mem at £A Repay debt at £B Buy Fruit Market at £C Build Stdium at £D Balance to be funded £A-£B-£C-£D=£E £E sounds like a lot of money to me and then who wants to tent it when the Sags drop out of the league again and can't afford to pay it (assuming £E is sufficient to pay the rent for a few years as they will still be losing money every week with the crowds they are getting I see what you did there. Very clever. Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 23, 2021 Report Share Posted December 23, 2021 14 minutes ago, bert tann said: A lot rests on the timing of the points deduction which is something Mr Hani Al-Quidi would have to accept. No way are they heading in to admin, Wally wouldn't be shelling out for away travel and making up with the supporters club if he was about to run away. (Might be wrong, but I would be very surprised). Quote Link to comment Share on other sites More sharing options...
Porto Red Posted December 23, 2021 Report Share Posted December 23, 2021 27 minutes ago, dilligaf said: The fruit bowl Damn! Came here to say that. Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 23, 2021 Report Share Posted December 23, 2021 5 minutes ago, Porto Red said: Damn! Came here to say that. The vegetable patch. Quote Link to comment Share on other sites More sharing options...
Porto Red Posted December 23, 2021 Report Share Posted December 23, 2021 21 minutes ago, Bristol Rob said: The vegetable patch. Yep, we're all cabbages here Quote Link to comment Share on other sites More sharing options...
CiderJar Posted December 23, 2021 Report Share Posted December 23, 2021 51 minutes ago, Porto Red said: Yep, we're all cabbages here Meanwhile at Tesco... 2 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted December 23, 2021 Report Share Posted December 23, 2021 3 minutes ago, CiderJar said: Meanwhile at Tesco... WTF is going on there! Quote Link to comment Share on other sites More sharing options...
Lordofthebling Posted December 23, 2021 Report Share Posted December 23, 2021 Time to roll this out again... 2 Quote Link to comment Share on other sites More sharing options...
SirColinOfMansfield Posted December 23, 2021 Report Share Posted December 23, 2021 1 hour ago, Lordofthebling said: Time to roll this out again... After employing Harold Shipman as Santa, there was no other choice than to offer the post of manager to Joey Barton! 4 Quote Link to comment Share on other sites More sharing options...
steviestevieneville Posted December 23, 2021 Report Share Posted December 23, 2021 On 22/12/2021 at 18:05, Shaun Taylor said: Swindon v Gas 22nd Jan now brought forward to a 1pm kick off on police advice The advice being . Get it over& done with so some proper football can start at 3pm 1 Quote Link to comment Share on other sites More sharing options...
Maltshoveller Posted December 23, 2021 Report Share Posted December 23, 2021 16 minutes ago, SirColinOfMansfield said: After employing Harold Shipman as Santa, there was no other choice than to offer the post of manager to Joey Barton! Harold Shipman!!! When i first looked at that pic i thought it was Jurgen Klopp 2 Quote Link to comment Share on other sites More sharing options...
redsquirrel Posted December 23, 2021 Report Share Posted December 23, 2021 blatantly obvious a developeris going to build a budget ground,rent to cover all costs and initial outlay,let the wallys pay all that off for him while he obtains planning for x amount of houses then turf them out to build them Quote Link to comment Share on other sites More sharing options...
Rich Posted December 23, 2021 Report Share Posted December 23, 2021 Even a modest stadium of say 20,000 would cost at least £50m. How are the developers going to recoup that money? They'd have to charge a hefty rent to cover the outlay and interest on such a figure. Not sure what the normal return figure and period is for commercial deals, I believe they'd be looking at paying off the build costs in less than 50 years, That's £1m per year plus interest which would be charged to their tenants. The stadium outlets would be in their name and any other events staged there, so Rovers would be looking at matchday income only. The words white elephant spring to mind. On another point, How many dwellings could they fit on 11 acres, depending on density/height, I'd wager several hundred. And as we're still being told we have a housing crisis in Bristol, wouldn't it be more profitable to build housing. The site at Totterdown bridge is about one third of the fruit market, at a guess, they're building 150 dwellings there. So if there were say 400 dwellings, 25% affordable and 300 at £200k that's £60m, pocketed straight away less development costs. This is where my fears of behind the scenes negotiations are taking place with Marvin's Rovers supporting deputy Mayor to give the developers a profit from the outset. I expect there's big wedges of council owned land in the form of riverside warehousing and council yards, being lined up to be transferred to the developing company. 1 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 24, 2021 Report Share Posted December 24, 2021 55 minutes ago, Rich said: Even a modest stadium of say 20,000 would cost at least £50m. How are the developers going to recoup that money? They'd have to charge a hefty rent to cover the outlay and interest on such a figure. Not sure what the normal return figure and period is for commercial deals, I believe they'd be looking at paying off the build costs in less than 50 years, That's £1m per year plus interest which would be charged to their tenants. The stadium outlets would be in their name and any other events staged there, so Rovers would be looking at matchday income only. The words white elephant spring to mind. On another point, How many dwellings could they fit on 11 acres, depending on density/height, I'd wager several hundred. And as we're still being told we have a housing crisis in Bristol, wouldn't it be more profitable to build housing. The site at Totterdown bridge is about one third of the fruit market, at a guess, they're building 150 dwellings there. So if there were say 400 dwellings, 25% affordable and 300 at £200k that's £60m, pocketed straight away less development costs. This is where my fears of behind the scenes negotiations are taking place with Marvin's Rovers supporting deputy Mayor to give the developers a profit from the outset. I expect there's big wedges of council owned land in the form of riverside warehousing and council yards, being lined up to be transferred to the developing company. The other point to consider, is life expectancy. I would assume there is a 25 year life on most stands, before they get to the realms of maintenance vs replacement. So it needs to be paid off ASAP before it becomes a liability. Number of ways you could do that, a non maintenance lease buta lease long enough that it generates a return, keeping revenue (or part of it) the stadium generates, or only offering it to a tenant on an as-needed basis, meaning they venue reverts back to a holding company on a non match day. If there is high density residential, then they might struggle to get a late night/frequent evening use license, other than football and weekend evenings. Who know however! Quote Link to comment Share on other sites More sharing options...
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