BS2 Red Posted February 19, 2016 Report Share Posted February 19, 2016 I realise the idea of a Middle Eastern buyout sounds exciting, clubs like Man City have been transformed for instance. But, if I was a 15er I would be very cautious about this. Remember Notts County signing Sol Campbell and getting Sven as manager? If these potential new owners are worth £70million then that's nothing when it comes to football ownership, there are plenty of people that have won more than that on the Euromillions! I can't see somebody worth £70million wanting to waste millions on a League Two club, there must be something else they are looking for. You simply don't make money out of football unless you are top end Premier League (and even then you probably don't!). Look at how much Lansdown has lost over the last few years, nothing to him but unacceptable to a family with wealth of only £70million. 6 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted February 19, 2016 Report Share Posted February 19, 2016 2 minutes ago, BS2 Red said: I realise the idea of a Middle Eastern buyout sounds exciting, clubs like Man City have been transformed for instance. But, if I was a 15er I would be very cautious about this. Remember Notts County signing Sol Campbell and getting Sven as manager? If these potential new owners are worth £70million then that's nothing when it comes to football ownership, there are plenty of people that have won more than that on the Euromillions! I can't see somebody worth £70million wanting to waste millions on a League Two club, there must be something else they are looking for. You simply don't make money out of football unless you are top end Premier League (and even then you probably don't!). Look at how much Lansdown has lost over the last few years, nothing to him but unacceptable to a family with wealth of only £70million. Well, being bankers they probably don't have to worry too much about borrowing money and I would imagine they have access to credit. Depends if they'll be financing the club with their own money or borrowed money. Quote Link to comment Share on other sites More sharing options...
1960maaan Posted February 19, 2016 Report Share Posted February 19, 2016 (edited) 7 minutes ago, BS2 Red said: I realise the idea of a Middle Eastern buyout sounds exciting, clubs like Man City have been transformed for instance. But, if I was a 15er I would be very cautious about this. Remember Notts County signing Sol Campbell and getting Sven as manager? If these potential new owners are worth £70million then that's nothing when it comes to football ownership, there are plenty of people that have won more than that on the Euromillions! I can't see somebody worth £70million wanting to waste millions on a League Two club, there must be something else they are looking for. You simply don't make money out of football unless you are top end Premier League (and even then you probably don't!). Look at how much Lansdown has lost over the last few years, nothing to him but unacceptable to a family with wealth of only £70million. They may see it as a cheap buy to build up and sell on. Shouldn't take too much investment to get them up, potentially new ground around the corner (depending on who you believe) and the transition would look favorable . They take a newly promoted non League side with an old ground, paying a relatively small sum, and putting a League 1 side with a new ground up for sale in a year or two and look for a handsome profit. The old saying of , how do you make a small fortune out of football ? Start with a large one ! Springs to mind Edited February 19, 2016 by 1960maaan Quote Link to comment Share on other sites More sharing options...
BS2 Red Posted February 19, 2016 Report Share Posted February 19, 2016 1 minute ago, Bristol Rob said: Well, being bankers they probably don't have to worry too much about borrowing money and I would imagine they have access to credit. Depends if they'll be financing the club with their own money or borrowed money. Exactly, they will not risk their personal wealth, they will find everything with borrowing. Which is a massive massive gamble and will likely just plunge them into chaos in a few years. Our owner can afford those losses, how will the 15ers survive if they end up in £40million+ debt and are no higher than League One or bottom end of the Championship? Quote Link to comment Share on other sites More sharing options...
Phileas Fogg Posted February 19, 2016 Report Share Posted February 19, 2016 That 70m figure I quoted was just based on one site I found when googling - there's barely any info on them so it may be out of date/incorrect/I've read it wrong so it may be completely wide of the mark. That said.. Because there's so little info on them, I can only assume they're not that wealthy Quote Link to comment Share on other sites More sharing options...
Wanderingred Posted February 19, 2016 Report Share Posted February 19, 2016 If it was a local consortium with a £70 million fortune it wouldn't be that big news. It's because they are from the Middle East, a land that conjures images of glamour, wealth and bankrolled football clubs that the blue few are getting so excited . The more I read about thiis, I'm becoming less worried and more amused. 2 Quote Link to comment Share on other sites More sharing options...
BCFC_Dan Posted February 19, 2016 Report Share Posted February 19, 2016 51 minutes ago, Collis1 said: If they are only worth £70m then that is hilarious.... That is pennies in the realm of football club owners. Considering that Gloucester Rugby was sold for around £20m last week I'd say £70m is massively overpriced for the Rovers. Potential or not I'd rather have a profitable Premiership rugby team than a football club that was only promoted out of non-league 8 months ago. 1 Quote Link to comment Share on other sites More sharing options...
lenred Posted February 19, 2016 Report Share Posted February 19, 2016 3 minutes ago, BCFC_Dan said: Considering that Gloucester Rugby was sold for around £20m last week I'd say £70m is massively overpriced for the Rovers. Potential or not I'd rather have a profitable Premiership rugby team than a football club that was only promoted out of non-league 8 months ago. Think the £70m is what the family are supposedly worth in total Dan as opposed to the 15ers selling price. Quote Link to comment Share on other sites More sharing options...
1960maaan Posted February 19, 2016 Report Share Posted February 19, 2016 2 minutes ago, Phileas Fogg said: That 70m figure I quoted was just based on one site I found when googling - there's barely any info on them so it may be out of date/incorrect/I've read it wrong so it may be completely wide of the mark. That said.. Because there's so little info on them, I can only assume they're not that wealthy I did find something that said the family are now major players in Jordan after taking over HSBC's interests in that country, that would be in the banking community. So as has been said, money available to use without touching their own, bit like the Glaziers at Man Utd. 4 minutes ago, BCFC_Dan said: Considering that Gloucester Rugby was sold for around £20m last week I'd say £70m is massively overpriced for the Rovers. Potential or not I'd rather have a profitable Premiership rugby team than a football club that was only promoted out of non-league 8 months ago. I think he means the family is worth £70m not the Squatters ! Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted February 19, 2016 Report Share Posted February 19, 2016 5 minutes ago, BCFC_Dan said: Considering that Gloucester Rugby was sold for around £20m last week I'd say £70m is massively overpriced for the Rovers. Potential or not I'd rather have a profitable Premiership rugby team than a football club that was only promoted out of non-league 8 months ago. Think you're misunderstanding! The £70m is the suggested family worth, not the club worth. Quote Link to comment Share on other sites More sharing options...
Phileas Fogg Posted February 19, 2016 Report Share Posted February 19, 2016 2 minutes ago, 1960maaan said: I did find something that said the family are now major players in Jordan after taking over HSBC's interests in that country, that would be in the banking community. So as has been said, money available to use without touching their own, bit like the Glaziers at Man Utd. I think he means the family is worth £70m not the Squatters ! Yep I think I read the same. Dangerous game if so in my opinion. Strange how there's so little info about them though.. Quote Link to comment Share on other sites More sharing options...
adamc6203 Posted February 19, 2016 Report Share Posted February 19, 2016 From reading online the family own 30% of shares in one of Jordans Banks, in which capital is about £150mil. 3 minutes ago, 1960maaan said: I did find something that said the family are now major players in Jordan after taking over HSBC's interests in that country, that would be in the banking community. So as has been said, money available to use without touching their own, bit like the Glaziers at Man Utd. I think he means the family is worth £70m not the Squatters ! Not sure how much the HSBC deal is actually worth to the bank and how much of the banks money they would actually be able to use. Quote Link to comment Share on other sites More sharing options...
Monkeh Posted February 19, 2016 Report Share Posted February 19, 2016 1 hour ago, Hello said: I Well it wasnt my first port of call but anyway. I was just interested in the reaction on here and offered my opinion. Not like i have come here to rub it in your faces I am not a bitter City or Rovers fan trying to belittle either side. I havent slagged your club off or your chair. As I say I hope this is a positive time for both clubs. Whilst soke on both sides would rather the other doesnt exist, i would rather have a competitive, rivalry as high up the leagues as possible Peterparker I thought I reconsidered the picture, You are very welcome here to post as long as you don't end up like most gashead WUMS and post like in the net, with good humour etc Quote Link to comment Share on other sites More sharing options...
Fiale Posted February 19, 2016 Report Share Posted February 19, 2016 (edited) They know they are going to lose the Sainsbury case. So this is the boards last chance to make their money back/not lose everything. The new owners can pay of the loans against the stadium, meaning the club will not go bankrupt within a few weeks (losing their one asset wonga/sainsbury). So the club will costs the new investors maybe just over a million to cover the loans ? They then have land worth more than that, fund the UWE, sale Memorial ground and they have already broke even/made a profit. They also own half a stadium with a University which is something that a lot of businessmen would be proud of. The question is, will Rovers then just be renting UWE stadium, because if so, they have no assets, no worth and are just tenants, whilst Higgs and co get away with a close shave, and some Jordanians make a little money and have a half share in a nice university asset. Edited February 19, 2016 by Fiale 1 Quote Link to comment Share on other sites More sharing options...
Unan Posted February 19, 2016 Report Share Posted February 19, 2016 4 minutes ago, BCFC_Dan said: Considering that Gloucester Rugby was sold for around £20m last week I'd say £70m is massively overpriced for the Rovers. Potential or not I'd rather have a profitable Premiership rugby team than a football club that was only promoted out of non-league 8 months ago. 70m is the families net worth nt the buying price.. Quote Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted February 19, 2016 Report Share Posted February 19, 2016 Just to be clear, this is investment and not a takeover, that's certainly the way I read it or in short the best way Higgs has found to protect his investment and to soften the blow of losing the Sainsbury's decision once more. Quote Link to comment Share on other sites More sharing options...
Keith Welch Posted February 19, 2016 Report Share Posted February 19, 2016 Give up China, there's a new powerhouse in football. 4 Quote Link to comment Share on other sites More sharing options...
CITYAREREDANDWHITE Posted February 19, 2016 Report Share Posted February 19, 2016 2 minutes ago, Esmond Million's Bung said: Just to be clear, this is investment and not a takeover, that's certainly the way I read it or in short the best way Higgs has found to protect his investment and to soften the blow of losing the Sainsbury's decision once more. No, it's a full takeover. Quote Link to comment Share on other sites More sharing options...
BCFC_Dan Posted February 19, 2016 Report Share Posted February 19, 2016 10 minutes ago, lenred said: Think the £70m is what the family are supposedly worth in total Dan as opposed to the 15ers selling price. 9 minutes ago, 1960maaan said: I did find something that said the family are now major players in Jordan after taking over HSBC's interests in that country, that would be in the banking community. So as has been said, money available to use without touching their own, bit like the Glaziers at Man Utd. I think he means the family is worth £70m not the Squatters ! 9 minutes ago, View from the Dolman said: Think you're misunderstanding! The £70m is the suggested family worth, not the club worth. 2 minutes ago, Griffin said: 70m is the families net worth nt the buying price.. Thank goodness for that. Yes I was misunderstanding. I haven't read the whole thread, just skipped to the end. Anyone daft enough to pay £70m for that lot would be welcome to them! Quote Link to comment Share on other sites More sharing options...
SimonR Posted February 19, 2016 Report Share Posted February 19, 2016 Fingers crossed for good news "Sainsburys say Bounce around the Ground!" Quote Link to comment Share on other sites More sharing options...
redcityman Posted February 19, 2016 Report Share Posted February 19, 2016 8 minutes ago, BCFC_Dan said: Thank goodness for that. Yes I was misunderstanding. I haven't read the whole thread, just skipped to the end. Anyone daft enough to pay £70m for that lot would be welcome to them! Shouldn't that have read anyone daft enough to pay 70p! 1 Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted February 19, 2016 Report Share Posted February 19, 2016 Like a well oiled machine... 3 Quote Link to comment Share on other sites More sharing options...
Monkeh Posted February 19, 2016 Report Share Posted February 19, 2016 5 minutes ago, View from the Dolman said: Like a well oiled machine... that's odd, surely this groundbreaking news they'd want everyone under the sun there unless sky have the exclusive Quote Link to comment Share on other sites More sharing options...
Super Posted February 19, 2016 Report Share Posted February 19, 2016 5 minutes ago, View from the Dolman said: Like a well oiled machine... Prob no room for them given all the worldwide media that will be there. Quote Link to comment Share on other sites More sharing options...
Barrs Court Red Posted February 19, 2016 Report Share Posted February 19, 2016 18 minutes ago, Esmond Million's Bung said: Just to be clear, this is investment and not a takeover, that's certainly the way I read it or in short the best way Higgs has found to protect his investment and to soften the blow of losing the Sainsbury's decision once more. It's a full takeover. Quote Link to comment Share on other sites More sharing options...
Monkeh Posted February 19, 2016 Report Share Posted February 19, 2016 2 minutes ago, Barrs Court Red said: It's a full takeover. Yep the new chairman is Al'Geo'ff Dunc'cini'ffford Quote Link to comment Share on other sites More sharing options...
Malago Posted February 19, 2016 Report Share Posted February 19, 2016 £35m to build UWE, £8m to pay off Higgs £3m to pay off Wonga £20-30m to buy a team to get to championship. That's an investment of £66-76m before you even start thinking about ongoing losses of paying players £5k a week with crowds averaging 10 k at absolute max. Quote Link to comment Share on other sites More sharing options...
Sniper Posted February 19, 2016 Report Share Posted February 19, 2016 7 minutes ago, Barrs Court Red said: It's a full takeover. I know some Sags that could do with a full makeover! Quote Link to comment Share on other sites More sharing options...
Alex#40 Posted February 19, 2016 Report Share Posted February 19, 2016 Here's hoping they're a bunch of loons like Tan at Cardiff. Have them change their colour, name, badge and destroy whatever club they currently are... 2 Quote Link to comment Share on other sites More sharing options...
SirColinOfMansfield Posted February 19, 2016 Report Share Posted February 19, 2016 BRISTOL ROVERS TAKEOVER: Who are the Al-Qadi family? An influential Jordanian family are expected to be named as the new owners of Bristol Rovers at a press conference later today. Rovers chairman Nick Higgs is believed to have been in negotiations with the Al-Qadi family since the Autumn and a complete takeover that will see all existing directors step down is likely to be confirmed this afternoon. The new owners are expected to outline their plans for the future of the club when they meet local press for the first time at the start of what could be exciting times ahead for all Bristol Rovers supporters. Who are the Al-Qadi family? The family is headed by Abdulkader Abdullah Al-Qadi, 82, who founded the Arab Jordan Investment Bank in 1978 and continues to be a significant shareholder after growing in to a major financial powerhouse in the region. Abdulkader Abdullah Al-Qadi has three sons, who are all expected to have some involvement in Rovers - although it will be his youngest, Wael, who will act as the face of the family as they get to grips with the business that sits in the Memorial Stadium in-tray. Wael Al-Qadi is currently the assistant general manager of AJIB, but has a keen interest in football. He was a core team member in HRH Prince Ali Bin Al Hussein's successful campaign to be elected vice president of FIFA in 2011. He attended Westminster School in London, where he fostered an affection for Premier League club Chelsea, before graduating from Boston University in 1991 with a degree in Computer Science with Business Administration. He is described as 'passionate' about football and is heavily involved In little leagues and kids' football academies in Jordan. He is vice president of the Asian Development Football Foundation, which was founded by Prince Ali Bin Al Hussein in 2012, and has also held a role on the marketing committee of the Jordanian Football Association. Read more: http://www.bristolpost.co.uk/BRISTOL-ROVERS-TAKEOVER-Al-Qadi-family/story-28768771-detail/story.html#ixzz40cRk88fO Follow us: @BristolPost on Twitter | bristolpost on Facebook Quote Link to comment Share on other sites More sharing options...
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