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Bristol R*vers dustbin thread


42nite

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Just how wrong can you be?

"I think if we now get our debts paid, UWE built and the club own the stadium - we've done extremely well. Anything else is a bonus."

Debt now c. £11m, secured upon the Mem

UWE expensively dead in the water as far as Rovers are concerned so no chance of owning that.

Best players sold and not replaced.

Thiugh they have bought a training ground, or rather a field, and Rovers don't own it anyway.

 

I'm trying to think what beneficial things they have actually done since taking over; was it something like new toilets and a refurbished club shop?

 

Wael Al Qadi, with these gifts you are spoiling us!

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15 minutes ago, Eddie Hitler said:

 

I'm trying to think what beneficial things they have actually done since taking over; was it something like new toilets and a refurbished club shop?

 

Wael Al Qadi, with these gifts you are spoiling us!

This is one of the things that baffles me. They claim they were seconds away from admin before the takeover, but that is based on speculation.

All the new owners have done is saddle the club with debt , secured against a bit of prime land.

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I see our old Portsmouth/Rovers fan Weezlebee liking a lot of the narcissistic comments made by the horsepunchers 15ers back in 2016, whatever happened to him?

Glad it's gone all tits up with Wally at the helm, who seems such a terrific chap..

Edited by Sergio Georgini
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4 hours ago, Peter O Hanraha-hanrahan said:

Hellooooo, we are the BEST club in Bristol now, the RICHEST club in Bristol...new stadium is on its way, what more do you want? happy days, unlucky da shit!

”Uhh I have to say we’re worth more and bigger n betterrr than they’ll EVER be...it’s gonna be a perfect time, I think Premiership in foive years

Jakes dad (and Gasheads everywhere), Feb 2016.

image.thumb.jpg.52b16d47814aad116be01be352633e64.jpg

 

Throwing fake money at Morecombe fans if remember correctly?

 

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4 hours ago, BoneyardTIM said:

It's going downhill fast on their forum. This just appeared, 

I have seen on another Forum that our Owner has in the last 24hrs received messages of abuse, some of a racial nature.
Does anyone know if this is true, if it is I don't have the words to express my disgust.
Whilst we are all passionate about our club and I include Wael in that it is totally inexcusable for some of our so called fans to behave this way.
If this is correct perhaps we should message our support to the Owner to redress the balance.

Does a bear shit in the woods?

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The word on the street is that Wael Al-Qadi is putting together a consortium to buy out the rest of his family.

Paying off the Dwane Sports loan and acquiring the club will cost 12.5 million

The Colony land will cost  1.5 million

The training centre build will cost 5.0 million

The full redevelopment of the Mem will cost 33.0 million

The "Championship Ready" budget will cost  12.0 million     

But the 64 million dinar question is whether Prince Ali will have time to join the consortium or whether he will have his pockets full dealing with the food riots in Jordan ?                 

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It's still hilarious as we said from day one that they had no money. Whilst we linked their worth and what they could realistically spend, the Rovers fans were getting more and more carried away - any of them could have looked the new owners up but instead just went full on bat shit crazy mode in their excitement. It was months before they started would even admit they were not as wealthy as they thought, then a year before realising we were right in the fact they had no money to spend on the club.

 

As for banning City fans, they always have, that's why it's such a deluded echo chamber over there.

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3 minutes ago, bert tann said:

 

The word on the street is that Wael Al-Qadi is putting together a consortium to buy out the rest of his family.

Paying off the Dwane Sports loan and acquiring the club will cost 12.5 million

The Colony land will cost  1.5 million

The training centre build will cost 5.0 million

The full redevelopment of the Mem will cost 33.0 million

The "Championship Ready" budget will cost  12.0 million     

But the 64 million dinar question is whether Prince Ali will have time to join the consortium or whether he will have his pockets full dealing with the food riots in Jordan ?                 

 

 

If he truly can get 50+ million in funds, there surely are better prospects out there ? 

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9 minutes ago, Fiale said:

It's still hilarious as we said from day one that they had no money. Whilst we linked their worth and what they could realistically spend, the Rovers fans were getting more and more carried away - any of them could have looked the new owners up but instead just went full on bat shit crazy mode in their excitement. It was months before they started would even admit they were not as wealthy as they thought, then a year before realising we were right in the fact they had no money to spend on the club.

 

As for banning City fans, they always have, that's why it's such a deluded echo chamber over there.

There are none so blind as them who will not see.

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23 minutes ago, Bristol Rob said:

This is one of the things that baffles me. They claim they were seconds away from admin before the takeover, but that is based on speculation.

All the new owners have done is saddle the club with debt , secured against a bit of prime land.

It is based on speculation but its possible, as in administration rather than going bust.  That the then directors didn't want to put any more of their own money at risk was evidenced by the "wonga" loans at high rates which were timed to repay at the time after Sainsburys paid the vast overvalue (was it £30m?) for the Memorial Ground and the UWE stadium started.  That Sainsburys pulled out meant they were then down to repaying those loans out of their own pockets and looked like they didn't wnat to do that so that would have meant administration.

Just ticking back through their year end accounts with the AQs taking over Feb 2016 shows that the loss has doubled, with the costs of the £250k London office clearly not helping.  Even an optimistic valuation of the Mem is £15m now so the net assets of the club will be near as damn it zero come 30 June 2018 or, to put it another way, now.

Years ended 30 June

Net liabilities exc. the ground

  • 2013: £5.8m
  • 2014: £6.4m - increase £0.6m
  • 2015: £8.4m - increase £2.0m
  • 2016: £10.1m - increase £1.7m
  • 2017: £12.7m - increase £2.6m

Annual Operating Loss

  • 2013: £0.8m
  • 2014: £0.6m
  • 2015: £0.9m
  • 2016: £0.6m (plus a £2.3m write off of previously capitalised costs for UWE so headline £2.9m)
  • 2017: £2.1m (plus a £0.9m write off as above so headline £3.0m)
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47 minutes ago, Eddie Hitler said:

It is based on speculation but its possible, as in administration rather than going bust.  That the then directors didn't want to put any more of their own money at risk was evidenced by the "wonga" loans at high rates which were timed to repay at the time after Sainsburys paid the vast overvalue (was it £30m?) for the Memorial Ground and the UWE stadium started.  That Sainsburys pulled out meant they were then down to repaying those loans out of their own pockets and looked like they didn't wnat to do that so that would have meant administration.

Just ticking back through their year end accounts with the AQs taking over Feb 2016 shows that the loss has doubled, with the costs of the £250k London office clearly not helping.  Even an optimistic valuation of the Mem is £15m now so the net assets of the club will be near as damn it zero come 30 June 2018 or, to put it another way, now.

Years ended 30 June

Net liabilities exc. the ground

  • 2013: £5.8m
  • 2014: £6.4m - increase £0.6m
  • 2015: £8.4m - increase £2.0m
  • 2016: £10.1m - increase £1.7m
  • 2017: £12.7m - increase £2.6m

Annual Operating Loss

  • 2013: £0.8m
  • 2014: £0.6m
  • 2015: £0.9m
  • 2016: £0.6m (plus a £2.3m write off of previously capitalised costs for UWE so headline £2.9m)
  • 2017: £2.1m (plus a £0.9m write off as above so headline £3.0m)

So long story short, Wally is racking up considerably higher losses than the previous lot, whilst also indicating that they aren't looking at putting more money in.

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1 hour ago, Fiale said:

It's still hilarious as we said from day one that they had no money. Whilst we linked their worth and what they could realistically spend, the Rovers fans were getting more and more carried away - any of them could have looked the new owners up but instead just went full on bat shit crazy mode in their excitement. It was months before they started would even admit they were not as wealthy as they thought, then a year before realising we were right in the fact they had no money to spend on the club.

The Post were as much to blame, billionaires/£15k watch etc, they just lapped it up. Now ant sensible person would have checked on the internet before crowing about being the 6th richest club in the UK, but that wouldn't be them would it. No , they carried him around shoulder high which was exactly what he wanted, pathetic really. 

The next year or so will be telling. If they start the rebuild , buy a player or two and challenge towards the top end of the division the club will obviously a more sellable option, he may well make a profit. The problem in that is finding someone to buy it. 

Actually, thinking about it, has anyone seen the picture/article with Wael's watch ? He's not had to pawn it has he?

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5 hours ago, wood_red said:
midlandgas213
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Feb 19, 2016 at 2:37pm
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Post by midlandgas213 on Feb 19, 2016 at 2:37pm

ahhhhh getting all shirty already wait till we pass you on the way up and you are on the way down, and how many of the floating Bristol fans will you expect at trashton they will all becoming to the gas house in future
don't also forget you are deep In the mire in a relegation fight so see you next season anyway we might let you tramps in the mem to clean it
 
 
 
 
 
HOW'S ALL THAT GOING MIDLANDGAS213??..

Not very well. Can you imagine the Mem being clean..?! 

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1 hour ago, Eddie Hitler said:

It is based on speculation but its possible, as in administration rather than going bust.  That the then directors didn't want to put any more of their own money at risk was evidenced by the "wonga" loans at high rates which were timed to repay at the time after Sainsburys paid the vast overvalue (was it £30m?) for the Memorial Ground and the UWE stadium started.  That Sainsburys pulled out meant they were then down to repaying those loans out of their own pockets and looked like they didn't wnat to do that so that would have meant administration.

Just ticking back through their year end accounts with the AQs taking over Feb 2016 shows that the loss has doubled, with the costs of the £250k London office clearly not helping.  Even an optimistic valuation of the Mem is £15m now so the net assets of the club will be near as damn it zero come 30 June 2018 or, to put it another way, now.

Years ended 30 June

Net liabilities exc. the ground

  • 2013: £5.8m
  • 2014: £6.4m - increase £0.6m
  • 2015: £8.4m - increase £2.0m
  • 2016: £10.1m - increase £1.7m
  • 2017: £12.7m - increase £2.6m

Annual Operating Loss

  • 2013: £0.8m
  • 2014: £0.6m
  • 2015: £0.9m
  • 2016: £0.6m (plus a £2.3m write off of previously capitalised costs for UWE so headline £2.9m)
  • 2017: £2.1m (plus a £0.9m write off as above so headline £3.0m)

Those losses, until now, have been sustainable, thanks to guaranteeing them against the value of the Mem. 

The problems begin from here on in. There is literally nothing left..! 

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12 minutes ago, hail gus cesaer said:

Are some of them starting to realise what we’ve known for years?

**** the gas!

Who’d have thought that some unheard of foreigner buying your club, after the likes of Gillingham had refused their involvement, could possibly go wrong..? 

Oh yeah... Gillingham. And us..! ???

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Our blue friends need our help, can anyone assist ?

 
Weeezord
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39 minutes ago
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I appreciate this will likely turn sour but as I can't make it down the Mem until a couple of months into the new season, does anyone have any photos of the new improvements?
 
Notably the new North east section and club shop etc.
 
 
 
 
 
 
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5 minutes ago, B block said:

Our blue friends need our help, can anyone assist ?

 
Weeezord
Club Legend
*****
39 minutes ago
Quote
 
 
I appreciate this will likely turn sour but as I can't make it down the Mem until a couple of months into the new season, does anyone have any photos of the new improvements?
 
Notably the new North east section and club shop etc.
 
 
 
 
 
 

Improvements !!!!! That will be the 300 seat structure that can be knocked up in a day and a half ???

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