Bianconeri

Didn't the rugby club get half the value of the stadium when the deal was set up? In which case they would have been able to buy it back for 10k had the sags gone under.

Please tell me that is a CGI gone very wrong and there is nowhere on the planet like that.

At the dodgy end of dodgy in my opinion. One way to look at it is that each thought the other would go bust before they did and so would pocket the ground.

Dear me, so it would.

There are many ways of assessing values of assets for company accounts. I've not looked at the BS accounts but my guess is that AG is valued somewhere between its utility value (i.e. as a venue for sports, conferences and the like) and an assessed open market value should a sports club or similar want to set up home there. Pick a number - £100m (no idea if this is even close). There are all sorts of standards and things about 'fair value' but assessing this type of asset is an art not a science and it often borders on witchcraft in my opinion. Got to keep accountants in work.

Didn't quite get my wording right, basically I agree 100%. DS has assets in the ground and the field. Those assets back the funding they have in place to support BRFC's debts and ongoing losses. Eventually they will tire of this arrangement, or the debts will exceed the value of the assets, and want to liquidate the assets and cut the liabilities loose. BS may want one or more of the assets and that's a standard commercial transaction if they do. The big issue BRFC faces is that they have very little equity left in the asset and they need to find a way to invest that in a way that gets an immediate return (i.e. reduces the debt or increases the value of the asset by more than they spent). then they have to keep doing that. Think of the £45m (round figures) spent on AG by BS, that has increased the value of the asset (AG) and the company that owns it (BS) by far more than £45m because it has both increased the intrinsic value of the stadium and has unlocked a number of new revenue streams (including increased support). The break even in pure cash terms is still some way off but that's not the overriding concern. Without the support via the assets the liabilities will be insolvent (I think they are already in pure accounting terms but so are most football clubs). BS wouldn't want BRFC even if they were allowed to buy the company. My view has been for a while that BRFC will end up back at Twerton Park and will end up merged with Bath City. As things stand Bath is the more solvent club so would do the taking over. If the FA permitted it I think they'd try to construct it so that BRFC consumed Bath and retained League status, in the short term at least.

True, so Bristol Sport's plan is maybe to buy Dwayne Sports at a knock down when it is liquidated / goes into administration? Now, Bristol Sport can't own two league clubs so BRFC has to go, leaving ownership of the Memorial GROUND and a field near Almondsbury. I'd like to think that Bristol Sport knows what it would do with the stadium and the field is, well, a field.

They have previous with horses.

Another belter. What about DS decides to sell its assets - Memorial Ground and Almondsbury Field, and leave its liability - BRFC to rot? This comedy is preventing me from getting any work done.

The Sag who talks about building a new stand in the car park behind the one, etc.... seems to have got most of the brain cells in that forum (must have an IQ higher than a lettuce in other words). There probably isn't time in the close season to knock the old one down and re-lay the pitch but it's not a bad idea otherwise. The other flaw is having no money. As others have said, it's not a bad site to redevelop. The old 'student flat' design wasn't bad at all and could be scaled to the 15k capacity they'll only ever need. That means flattening the site and as both we and some of them have said, flattening the site just makes it easier to sell. I suspect they'll be back at Twerton next season if they don't go bust first. This time the only way they would survive would be to amalgamate and give Bath a league club, for a while anyway. The real drawback in all of this is having no money and no free assets to support financing of any development.

That thread seems to be mainly about perpetuating HG's lies about the phantom disabled spectator and how much they hate us while not caring about what we think. Just like every other thread there then.

We do not want those vermin at our ground ever again. They will try to tear it down and blame horses in the home end (or something)

F R O

Trying to gold plate a turd.

They are one bad debt from administration in my opinion. That is little different to the state they were in during Higgs's tenure.

Did his premium bonds come up then?

Ta, bit out of touch with these things. If I was at Clifton RFC I'd be very worried about squatters

And a Western / Southern League side playing in the middle? Dream away tie in the cup for the sags.

I think you are right. It would not surprise me if Bristol Sport had acquired the site at some point.

Does either have a big enough car park for the 25,000 locked out?

Looking at that thread some of the unenlightened ones have now mentioned Cribbs FC (good Western League ground?) and Clifton RFC as potential sites. If I was associated with either of those clubs I'd be practising "not in a million years sunshine" as my response to any "why don't we ground share?" overtures. That said, both Cribbs and Clifton will be far more solvent than the 15ers. Administration by November?.

Back in the day you used to get really good pasties at the rugby ground. Probably the best thing about going there when Bristol were sh*te.

Had it been the other way we'd have seen several rolling around on the floor because they'd been 'hit'. They are getting quite a reputation for diving and cheating aren't they?

In the pies?

It is all part of a cunning plan by a multinational computer consultancy (trading as Henbury Gas) to depress the value of the company still further prior to a takeover and salvation as a Sunday park team. There are some business terms that the blue few really should look up. They can get access to a thing called the internet if they go to a library and I'm sure someone will be kind enough to explain what a library is. I would recommend these for starters: Leveraged Buy Out Asset Stripping It may start to make sense.