Jump to content

SimonR

Members
 View Profile  See their activity

  • Posts

    765

  • Joined

  • Last visited

 Content Type 

Posts posted by SimonR

  9. Bristol R*vers dustbin thread

    in Football Chat

    Posted

    1 hour ago, Monkeh said:

    it seems that it is finally starting to sink in that they haven't got a pot to piss in,

    Previous years accounts were quite transparent about the interest rates charged on directors loans and bonds with the loans being at 2.5% - 4.0% and the 3 year bonds at 3.5% over base rate.

    The directors and shareholders did not charge any interest in 2015 and at the time of the takeover wrote off the accumulated interest from previous years to which they were entitled and which amounted to £ 607 000.

    Interest on the MSP Capital loan was charged at 1.2% per month and the amount outstanding remained at £2 730 000 from 1/7/15 to the date of the takeover. Therefore the amount of interest payable on the MSP Capital loan during this period can be estimated at about £ 260 000.

    Interest of about £ 30 000 was also due to preference shareholders during the 2016 financial year so taken together about £ 290 000 was payable. Interest was waived on the previous shareholders loans and bonds so it appears that nothing else was payable.  

    The accounts show a total of £ 435 000 charged during the full year so it would appear that Dwane Sports Ltd charged £ 145 000 for the period from 18/2/16 to 30/6/16. The initial amount injected was £ 6 211 000 and the amount owed at the year end was £ 7 200 000 so, if my figures are correct, the interest rate charged by Dwane Sports Ltd would be between 5.5% and 6.5%.

    I stand to be corrected if my interpretation of the 2016 accounts is wrong and I am making no judgement on whether or not Dwane Sports Ltd should be charging interest or at what rate. But if we accept the principle that this is a commercial transaction between two companies, and that on a credit line of £ 10 million Rovers could be charged up to £ 650 000  interest per year, I wonder how sustainable it is since we have been told we will continue to make trading losses until a new stadium is operational ? 
     

    People aren't interested Swiss, the concensus is that Dwane Sports is Bristol Rovers just ignore the fact that they recognise that they only own 92.6% of Bristol Rovers. I'm sure that they are charging interest if only to convert it to equity at a later stage thus diluting the independent shareholders 7.4% further. People on here don't even blink at the contradictory Chairman's statement where he quite clearly says Dwane Sports have purchased new training facilities (so expect them to charge the Club rent to use those facilities) and then says the Club now own it's own training facilities. People would rather believe in some Jordanian money tree paying for everything. 

    PS despite all of the above I do have more faith in current owners delivering progress on and off the pitch than previous owners, however if it all goes tits up we'll be in as bad if not worse position under them

    You Forgot to say its all our fault mate. :violin:

  15. Bristol R*vers dustbin thread

    in Football Chat

    Posted

    3 hours ago, Barrs Court Red said:

    I'd love to fly a drone over the Minimal on a match day playing "mind the gap" on a loop - the meltdown would be apocalyptic.

    Was going to suggest having someone hack their tannoy, then I remembered we are talking about the sags. its most likely running 8 tracks!

  18. Bristol R*vers dustbin thread

    in Football Chat

    Posted

    1 hour ago, myol'man said:

    Dopey to Norwich ?

    Apparently not according to this deluded one;

    "As a club we have long term premiership potential that could rivial, if not better Norwich's support one day. We are one of the fastest growing clubs outside the premiership right now - training ground being built, stadium hopefully on its way, great new owners...etc..." 

    :facepalm:

    Apparantly it is all down to those new sprinklers. How can they call him a Great owner though, has he spent anything yet?

  19. Bristol R*vers dustbin thread

    in Football Chat

    Posted

    1 minute ago, View from the Dolman said:

    Staffordshire Police say...

    "During the game some 30 Bristol Rovers supporters were ejected from the ground for a variety of offences including making racially motivated insults towards stewards."

    "A steward reported being racially abused and as a result a 52 year old male was arrested for racially aggravated abuse."

    "One 23 year old male has been arrested for the assault of an official." 

    "One match day official was arrested for assault of an away fan."

    "One further arrest was made, a 52 year old male for the assault of a police officer."

    Full release: https://www.staffordshire.police.uk/article/7043/Disturbance-at-Port-Vale-v-Bristol-Rovers-match.

    They were all teds no doubt, even the Vale steward.

×
×
  • Create New...