Eddie Hitler

I can't find my previous post on it but whilst these were the headline losses for those years they both contained big write-offs of previously capitalised costs relating to the stadium sale and UWE; so money that had been spent prior to their ownership but which had been (at the time) reasonably capitalised. When it was clear that it wasn't going to happen then these costs were correctly written off but they aren't going to be an ongoing loss.

It's £2m and a lot of that is money spent on either trying to get a property transaction to work or (as recently suggested) sell the club which means a London office and lots of consultants and suits. Scrap all that and the loss instantly drops below £1m; it used to be about £600k a year IIRC so they should be able to get it down to that. The club isn't worth very much at all given the annual loss and the lack of assets but they do still have their own the ground, albeit mortgaged to the hilt, so take that on and pay the interest on the loan that they take on and it won't be seized and sold. I don't think it's beyond saving at the moment or for the next couple of years; but the position is steadily getting worse and is going to consequently take much longer to recover.

No, but it does whisper stability. Exeter is a great example. In the early 2000s they were the showbiz club - directors included Uri Geller and Michael Jackson (yes, that one)* - before inevitably collapsing and being rescued by their supporters to comfortbaly reside in th emiddle upper fourth division for years. * http://news.bbc.co.uk/1/hi/entertainment/2088831.stm

A warning to us all; whiIst I know that Henbury looks to be about sixty he is actually thirty two.

There will always be a buyer for a football club if the price is right: supporters consortia who will pool their cash to stop it ending as happened at Exeter, starry eyed optimists who are convinced that they can succeed where everybody else has failed (see their current ownership!), or successful local businessmen who accept that it will be loss making but see it as putting something back into their community (our own Lansdown fanily, the Dunfords). Though the canny ones will let it go into administration first so that they get it on the cheap; as Mike Ashley did with House of Fraser.

Claims on their board that the club is up for sale on the QT. Colour me surprised given that at the current rate of cash "burn", £2m a year, so that even allowing an uplift of the ground valuation to £15m there will be no net assets left by the end of this calendar year* The sale must be that "fiancially viable" option that Wael kept going on about. Hopefully (as I don't want them to go pop) the buyer will be a local businessman like Dunford who doesn't come in thinking that they are a combination of a "can't lose" property deal and a future Chelsea but instead realises that Division Three clubs lose money and his job is to minimise that loss. * negative £9.9m net assets June 2017, add £12.5m uplift to stated £2.5m valuation of the ground means £2.6m of real net assets at that date or 15 months' of spend at £2m pa from 30 June 2017. So 30 September 2018 but allow an extra few months for the player sale money.

Private Widdle

Summed up nicely by a poster on the gas forum that isn't infested with halfwits: aughan Joined: June 2014 Posts: 448 Aug 12, 2018 8:09:48 GMT via mobile Quote Post by vaughan on Aug 12, 2018 8:09:48 GMT If you want to know what type of interview this was, please Google the famous Paxman / Michael Howard interview from years ago. The irresistible force against the immovable object in the form of all valid options that can not be disclosed. Wael understands that we need a radical solution ref ground. Thank God for that. My take on this hasn't changed. Wael is committed to this, but Dwayne Sports are now saying that he is on his own. Hani has bought his son a train-set but will not fund his trains getting onto the rail network. The result is evolution. Some new carriages and the odd shunter for the goods yard. I hope that all viable options include looking at outside investment to move us forward. Otherwise, our supporters will be like the Railway Children hoping for our new Stadium to appear out of Wael's steam. http://gasheads.org/thread/7651/waq-interview

I don't get the impression that he's a fraud; rather that despite being notionally the owner he has as much decision-making authority as Steve Hamer: none. So as he's not making the decisions about what happens about a stadium all he knows is what he's being told by the family members who are making such decisions. Which doesn't appear to be much. And blathering about "these things take time" doesn't help. The remaining £5m unmortgaged value of the Memorial Stadium will only fund about two and a half years when you're splurging £2m a year on a London office and various highly paid talking heads. Time is the main thing that they haven't got.

I had to stop listening as I'm not a fan of blood sports. Wael would have been better advised to say that he was washing his hair that day.

People can be interested in more than one club because of a general interest in football. You, however, are clearly a total belter who I mistook for a decent person because of the Joe Jordan reference in the username. Congrtulations on becoming only the third person on my ignore list in over ten years.

I am interested. I also read a QPR forum and that of Truro City. Obsession it ain't.

Rovers has done some genuinely hilarious things over the last few years and continues to do so. Tonight's example being a "sack the manger and assistant" thread on Gaschat and giving Accrington their first victory for ?eighty years in Division three. Of course people are going to take an interest. And whilst there may be some nastiness on this thread and some deeply unfunny stuff there have also been countless laugh out loud funny postings. I would entirely expect Man city / Man Utd to have a huge thread on each other's forums but don't propose to go looking for them.. And, as I have said it befiore, I quite like the Rovers and would be genuinely upset if they went bust but it doesn't stop me laughing at their shenanigans.

Maybe the announcement is that they have sold it to property developers. But don't worry as Bath City will let them play at Twerton again. It will be couched as a good thing because a new Rovers stadium is now planned on an artificial island in the Bristol Channel for which planning has been submitted.

Henbury wrong and making things up? Surely not. Worryingly some of the others are asking him for advice and he is generously sharing his pig ignorance with them. Talk about fake news!

GDPR only applies if you PROCESS personal data; meaning that you do something with it. If you're not going to do anything with it then you're not going to collect it in the first place. Somebody posting the personal details of another person on a forum has absolutely zero to do with GDPR. Though I am sure that as a world-renowned IT expert Henbury Gas or his savvy legal adviser (aka John from the chippy) are fully up on this legislation so would already know this.

Whenever a neutral is asked about which is their favourite team of two in a city they will usually pick the weakest one because they will have had no rivalry or incidents with them; they're not a competitor. So Port Vale or Stoke: Port Vale Notts County or Forest: County Rovers is the small team so less competition hence neutrals selecting them. The only exception I have is preferring Sheffield Wednesday to United as I associate United with a physical long ball game and Wednesday with a bit of passing and flair.

Well there's a philosophiocal puzzler: Is a season ticket for a stand that doesn't exist a season ticket?

Is this a prowed gashead? https://www.thesun.co.uk/news/6918800/yob-punch-horse-world-cup-england-croatia/ Shurely shome mishtake.... from 2011: http://www.somersetcountygazette.co.uk/news/8899736.Pride_of_Somerset_Youth_Awards__Scott_Spurling/

Dobbin hears that Rovers' fans are in town:

He seems a decent bloke but he is being paid for the impossible job of hinting that things are underway and will happen when they are patently not and he has been having to come out with the same platitudes for two years. I can't see his self respect allowing him to stay in that role much longer because it's basically lying on someone else's behalf and his career says he's much better than that. It also seems a bit poor to put his email reply onto a forum unless the guy had pre-warned Steve that he would be doing this.

This is what happened to Truro City; all the fans were cheering the money that Chairman Kevin Heaney was pouring money into the club to bring it success. It was only later that they found out that he had quietly sold the ground to a developer and that was where the money came from so they were now groundless, skint, and renting at Torquay.

That would be double counting it. They would buy the club for whatever price but wouldn't have to buy the assets separately as they are part of the club. They would however have to repay the debt (or pay interest on it in the short term) and the liabilities; plus the ongoing loss. So to buy the club and run it for five years you would need £30m. Bargain.

Absolutely. When they bought the club it had £6.6m of net assets (valuing the Mem at £15m) with a possible £15m gain from the Mem being sold at an overvalue. Now it has zero net assets and they have loaded on the costs including an annual bill of £250k office in London (the reason for which we have already speculated) so that the club is now losing £2m a year. In two years' the £15m loan facility (was £10m but raised in the last set of accounts) secured upon the Mem will be exhausted and then you have a club with: £2m a year losses a decaying infrastructure net liabilities of £4m a stadium effectively owned by Dwane Sports I can only assume that all the flag wavers for the current owners, like Henbury "belter" Gas, are secret Teds who want to destroy Rovers.

Tranmere playing on Fridays was famously why Half Man Half Biscuit wouldn't appear on The Tube as it would mean missing a match.