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Post by yattongas on Nov 23, 2024 9:35:21 GMT
I think it tells you the money the new lot have by this taking 18 months to pay Wael off. Serious people with serious money have this cut and dried straight away, I mean we are a Div1 football club with no real assets now, haemorrhaging money and in desperate need of ground redevelopment. They are raising the money to pay off Wael with the Quarters or simply don’t have the cash flow to pay him off. I’m astounded people haven’t picked up on this. We paid Ipswich late, the FA nearly put us under transfer embargo, it’s still on the portal now. It’s taken 1 year for a very well known poster on here to be paid his money recently. This lot are not serious football people, the talk of the Championship and Premiership is laughable, they don’t have the money. Everything now lies on selling land at the Quarters. I said Wael was on a goodbye tour, I will say this now, as soon as they get outline planning for the Mem and it will be better than the new stand we have now, they will sell us 💯. I fully expect them to sell us, once they've 'added value'. Whether that's planning designs, planning permission or (ideally) once built and challenging at the right end of the table, time will tell. Being a championship club would add value . Just saying . |
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Post by okebournegas83 on Nov 23, 2024 9:37:36 GMT
I think everyone was feeling positive when he came in, especially Jake Barbers Dad😂 Nice bloke, good intentions, approachable, but didn't have the clout required to push big changes through financially, or shape the club to bring it to modern times. My faith in the incumbents today is not positive but more than happy to be proven wrong. City loved that video with Barber's dad don't they (and rightly so) 🤣 unlucky da sh**! 🤪 That clip certainly aged well ….. |
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Post by blueridge on Nov 23, 2024 9:42:30 GMT
I think it tells you the money the new lot have by this taking 18 months to pay Wael off. Serious people with serious money have this cut and dried straight away, I mean we are a Div1 football club with no real assets now, haemorrhaging money and in desperate need of ground redevelopment. They are raising the money to pay off Wael with the Quarters or simply don’t have the cash flow to pay him off. I’m astounded people haven’t picked up on this. We paid Ipswich late, the FA nearly put us under transfer embargo, it’s still on the portal now. It’s taken 1 year for a very well known poster on here to be paid his money recently. This lot are not serious football people, the talk of the Championship and Premiership is laughable, they don’t have the money. Everything now lies on selling land at the Quarters. I said Wael was on a goodbye tour, I will say this now, as soon as they get outline planning for the Mem and it will be better than the new stand we have now, they will sell us 💯. I fully expect them to sell us, once they've 'added value'. Whether that's planning designs, planning permission or (ideally) once built and challenging at the right end of the table, time will tell. The current proposed sale of land highlighted in the South Gloucestershire Council Local Building plan (EPS-SV10) at The Quarters amounts to around just 5/6 acres - effectively the land currently used as the two training pitches + the goalkeeping training area. The land will accommodate 70 houses and will be adjacent to the existing Hortham Village development. This is still at a very early stage and under the current plan will not raise huge amounts of revenue - this is not a ‘game changer’ revenue stream as far as the stadium regeneration is concerned. The money raised (if it goes ahead) will go to toward developing the remainder of The Quarters training facility. There are already issues being raised by the local council including accessibility through Hotham Lane to an already congested A38 (another 400 houses are planned close by) which will also impact - possibly contaminated land unfit for residential building (similar issues at nearby Woodlands Golf Club which was also earmarked for over 1800 houses) - bio diversity issues etc - there is still a long long way to go before the diggers move in. |
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Post by roadman on Nov 23, 2024 9:44:27 GMT
Clubs and business in general always try and pay it over time, even if they have the money. It's the same with transfer fees. C**y have loads of money, but took out millions in loans to build their new stand etc. It suits Wael as well, as he's still president by name. If they were short of money, I doubt they would want to pay 100% of the bills when we are losing millions every season? It doesn't prove anything either way. Agree. This is just how businesses operate. Absolutely does not prove anything about lack of funds. The nativity of some, I use the word astonished a lot. I’ve been involved in an MBO, I’ve been party to one as well, YES all deals are done over time, we are not idiots. But most businesses don’t announce its 18 months and the exiting shareholder/owner leaves straight away unless he’s important. Wael isn’t an asset to the business, I am told on very good authority his relationship is broken with them, ask him when you see him next and he never told me this. If relations are this bad, like David Dien at Arsenal, like John Textor at Palace now, you don’t stay on for 18 months and make it public. If people want to keep coming back with awful excuses, I will keep coming back with proper business acumen and knowledge, this should be cut and dried now, all ties severed bar direct debits going across, Wael still wags the tail because they can’t get him out now And I’m sorry Harley, you were #TeamGorringe and now #TeamHussain, I appreciate you have a vested interest |
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Post by perryfenwick on Nov 23, 2024 9:49:44 GMT
I must admit I can't be too concerned at the idea of them wanting to make us sellable - that would mean facilities from this century and a team that's good to watch.
The days of the butcher and the baker owning clubs out of love are over - which is good for us because the last set of local lads we had make Wael's patchy record look like Khaldoon Al Mubarak.
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Post by roadman on Nov 23, 2024 9:50:36 GMT
I fully expect them to sell us, once they've 'added value'. Whether that's planning designs, planning permission or (ideally) once built and challenging at the right end of the table, time will tell. Really don’t see how it’s possible to add value tbh. Unless as you say we’re on the brink of promotion but that hardly seems likely any time soon You get planning on making the Mem a 18/20,000 all seater stadium, you have a training ground, all of a sudden to a billionaire owner like Bill Foley (American) at Bournemouth then you are a dream for them. I posted this last night Watch this space 😉 |
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Post by yattongas on Nov 23, 2024 9:59:28 GMT
Really don’t see how it’s possible to add value tbh. Unless as you say we’re on the brink of promotion but that hardly seems likely any time soon You get planning on making the Mem a 18/20,000 all seater stadium, you have a training ground, all of a sudden to a billionaire owner like Bill Foley (American) at Bournemouth then you are a dream for them. I posted this last night Watch this space 😉 Is it the my pillow guy ? |
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Post by roadman on Nov 23, 2024 10:04:06 GMT
You get planning on making the Mem a 18/20,000 all seater stadium, you have a training ground, all of a sudden to a billionaire owner like Bill Foley (American) at Bournemouth then you are a dream for them. I posted this last night Watch this space 😉 Is it the my pillow guy ? MAGGA Make America Gas Great Again 👍 |
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Post by gasify on Nov 23, 2024 10:10:56 GMT
I think it tells you the money the new lot have by this taking 18 months to pay Wael off. Serious people with serious money have this cut and dried straight away, I mean we are a Div1 football club with no real assets now, haemorrhaging money and in desperate need of ground redevelopment. They are raising the money to pay off Wael with the Quarters or simply don’t have the cash flow to pay him off. I’m astounded people haven’t picked up on this. We paid Ipswich late, the FA nearly put us under transfer embargo, it’s still on the portal now. It’s taken 1 year for a very well known poster on here to be paid his money recently. This lot are not serious football people, the talk of the Championship and Premiership is laughable, they don’t have the money. Everything now lies on selling land at the Quarters. I said Wael was on a goodbye tour, I will say this now, as soon as they get outline planning for the Mem and it will be better than the new stand we have now, they will sell us 💯. Are you complaining that they will sell us or are you happy that they will sell us? It just seems there are some mixed messages coming from you about them. I wouldn't be surprised if they sell us, if they add value by getting the stadium development agreed and put a spade in the ground to not lose the planning permission then that has to be a good thing? That is moving in the right direction. The worse thing that can happen is sell the quarters and stadium for housing, which is probably an option for an owner. |
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Post by roadman on Nov 23, 2024 10:16:04 GMT
I think it tells you the money the new lot have by this taking 18 months to pay Wael off. Serious people with serious money have this cut and dried straight away, I mean we are a Div1 football club with no real assets now, haemorrhaging money and in desperate need of ground redevelopment. They are raising the money to pay off Wael with the Quarters or simply don’t have the cash flow to pay him off. I’m astounded people haven’t picked up on this. We paid Ipswich late, the FA nearly put us under transfer embargo, it’s still on the portal now. It’s taken 1 year for a very well known poster on here to be paid his money recently. This lot are not serious football people, the talk of the Championship and Premiership is laughable, they don’t have the money. Everything now lies on selling land at the Quarters. I said Wael was on a goodbye tour, I will say this now, as soon as they get outline planning for the Mem and it will be better than the new stand we have now, they will sell us 💯. Are you complaining that they will sell us or are you happy that they will sell us? It just seems there are some mixed messages coming from you about them. I wouldn't be surprised if they sell us, if they add value by getting the stadium development agreed and put a spade in the ground to not lose the planning permission then that has to be a good thing? That is moving in the right direction. The worse thing that can happen is sell the quarters and stadium for housing, which is probably an option for an owner. I don’t want to be used as a play thing for profit. I want someone to own us who has a vision and plan, LONG TERM future. If Rovers was a women, and Hussain’s the man in the relationship, would she feel comfortable, secure, it was long term with commitment? She’d he saying to her mates, he never speaks to me, lots of promises! The manager having outbursts after Swindon, Ipswich not being paid, FA threatening transfer embargo’s, interviewing other managers (fact), this poor women (I’m not) isn’t feeling good! |
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Post by gasify on Nov 23, 2024 10:18:21 GMT
Agree. This is just how businesses operate. Absolutely does not prove anything about lack of funds. , I use the word astonished a lot. I’ve been involved in an MBO, I’ve been party to one as well, YES all deals are done over time, we are not idiots. But most businesses don’t announce its 18 months and the exiting shareholder/owner leaves straight away unless he’s important. Wael isn’t an asset to the business, I am told on very good authority his relationship is broken with them, ask him when you see him next and he never told me this. If relations are this bad, like David Dien at Arsenal, like John Textor at Palace now, you don’t stay on for 18 months and make it public. If people want to keep coming back with awful excuses, I will keep coming back with proper business acumen and knowledge, this should be cut and dried now, all ties severed bar direct debits going across, Wael still wags the tail because they can’t get him out now And I’m sorry Harley, you were #TeamGorringe and now #TeamHussain, I appreciate you have a vested interest I know, they come round here with their egg nog and carolling. |
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pirate
Forum Legend
Posts: 19,463 
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Post by pirate on Nov 23, 2024 10:24:08 GMT
I think it tells you the money the new lot have by this taking 18 months to pay Wael off. Serious people with serious money have this cut and dried straight away, I mean we are a Div1 football club with no real assets now, haemorrhaging money and in desperate need of ground redevelopment. They are raising the money to pay off Wael with the Quarters or simply don’t have the cash flow to pay him off. I’m astounded people haven’t picked up on this. We paid Ipswich late, the FA nearly put us under transfer embargo, it’s still on the portal now. It’s taken 1 year for a very well known poster on here to be paid his money recently. This lot are not serious football people, the talk of the Championship and Premiership is laughable, they don’t have the money. Everything now lies on selling land at the Quarters. I said Wael was on a goodbye tour, I will say this now, as soon as they get outline planning for the Mem and it will be better than the new stand we have now, they will sell us 💯. It was obvious from day one they're paupers compared to other League One owners. |
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Post by stuart1974 on Nov 23, 2024 10:26:22 GMT
I fully expect them to sell us, once they've 'added value'. Whether that's planning designs, planning permission or (ideally) once built and challenging at the right end of the table, time will tell. Being a championship club would add value . Just saying . I was tempted to say that, but thought best we kept it plausible. 😎 |
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Post by blueridge on Nov 23, 2024 10:29:10 GMT
Only my opinion - I feel the current owner had to get Wael ‘out of the way’ as he could with his 45% ownership, be a potential blocker to any future sale. No doubt in my mind that this is a pre-cursor to an eventual sale of the club - certainly within the next two years - maybe sooner.
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Post by Strange Gas on Nov 23, 2024 10:33:11 GMT
Was never convinced the co ownership model could be effective in moving us forward, so do see this a positive direction towards something more single minded. Not sure why Wael didn’t bail at the time, although maybe the new lot wanted time to see what they were buying? Just nervous what plans might now be! Maybe they’ll now make some clear plans and tell us!?
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Post by trevorgas on Nov 23, 2024 10:51:48 GMT
Was never convinced the co ownership model could be effective in moving us forward, so do see this a positive direction towards something more single minded. Not sure why Wael didn’t bail at the time, although maybe the new lot wanted time to see what they were buying? Just nervous what plans might now be! Maybe they’ll now make some clear plans and tell us!? The illogicality of all this is breathtaking. What sort of person takes on a loss making business that continues to rack annual losses without a clear exit strategy that at least gets your investment back . Assuming our current owners are astute businessmen they .ust have a plan to either stop haemorrhaging money or exit . We sit on two very valuable pieces of real estate ,I know where I would put my money if I were a betting man. |
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Post by roadman on Nov 23, 2024 10:52:37 GMT
Only one thing and one thing only covers up this new lot and that’s winning football which I don’t see. DC did it for Higgs, same men in box1 v Alfreton as the same men against Mansfield when we went down. No one talked about Higgs when DC ran towards our fans behind the goal at Wembley or in Div2 when we were putting a run together before Wael bought us. I’d also say Higgs had the UWE in his back pocket as well.
Fast forward to now, a defeat today, City on a good run, I hope they get into the play offs (and lose) but it puts the spotlight on this lot.
The Hussain’s worst nightmare is Manning somehow taking them up, it was Wael’s as well but he got away with it. Them in the promised land, it magnifies everything x10 how bad a state we are in and lack of communication.
Let’s hope we start to see some winning football
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Post by gasify on Nov 23, 2024 11:03:18 GMT
Only one thing and one thing only covers up this new lot and that’s winning football which I don’t see. DC did it for Higgs, same men in box1 v Alfreton as the same men against Mansfield when we went down. No one talked about Higgs when DC ran towards our fans behind the goal at Wembley or in Div2 when we were putting a run together before Wael bought us. I’d also say Higgs had the UWE in his back pocket as well. Fast forward to now, a defeat today, City on a good run, I hope they get into the play offs (and lose) but it puts the spotlight on this lot. The Hussain’s worst nightmare is Manning somehow taking them up, it was Wael’s as well but he got away with it. Them in the promised land, it magnifies everything x10 how bad a state we are in and lack of communication. Let’s hope we start to see some winning football I'm not so sure the owners would be particularly bothered. The fans however would be gutted, in the same way if it was us that went up Lansdown would really be that bothered but the sh'eds would be gutted. |
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Post by A Source (aka Angry Badger) on Nov 23, 2024 11:11:06 GMT
Is it the my pillow guy ? MAGGA Make America Gas Great Again 👍 Not very cryptic. It's Trump then |
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Post by wertongas on Nov 23, 2024 11:27:56 GMT
Thank you Wael for all the time and money you have invested in this club, when your family took over we were in a mess and you saved us. Unfortunately your dream of getting us a new stadium didn't work out , but Wael and is family did get us through Covid, got us a training ground part of which can be sold for building and the money re-in vested in the club, he also paid 18 million of debt off (admittedely some created under his watch) and kept the club afloat.He couldn't provide us with a new stadium and probably hasn't got the money needed to take the club forward.The new owners come from Kuwait a country that has made itself rich on oil and far richer than Jordan. Nobody seems to know where they got their money from but they have had real estate business, it is most likely that profits possibly from the sale of assets have been invested in oil stocks, which pay some of the best dividends (profits) to investors. The dividends are paid out every 6 months and if the new owners are using that money to buy the club it would explain why they are doing the buy out over eighteen months (three payments), using profits from investments rather than their capital to buy the club. I may not be correct on this but I suspect I am not far off.
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