Bazooka Joe Posted November 12, 2017 Share Posted November 12, 2017 15 hours ago, wendyredredrobin said: I can see insects in that beard. I see a beard on that insect. 1 3 Quote Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted November 12, 2017 Share Posted November 12, 2017 1 hour ago, wendyredredrobin said: Who is this Mayonaise bloke they keep talking about? Haven't you ever seen an officer and a gentleman? Richard 'Hamster' Gere plays for the gas. 1 1 Quote Link to comment Share on other sites More sharing options...
Super Posted November 12, 2017 Share Posted November 12, 2017 Dopey is full of it when things are going well but when things arent he sulks like a kid his interviews are beyond embarrassing. One thing about LJ last season during that bad run he conducted himself so well, didnt shy away from interviews or feel sorry for himself. 7 Quote Link to comment Share on other sites More sharing options...
cider head Posted November 12, 2017 Share Posted November 12, 2017 Blimey. Quote Link to comment Share on other sites More sharing options...
Red34 Posted November 12, 2017 Share Posted November 12, 2017 4 minutes ago, cider head said: Blimey. Stay classy Gasheads... Quote Link to comment Share on other sites More sharing options...
ZiderEyed Posted November 12, 2017 Share Posted November 12, 2017 (edited) 13 minutes ago, cider head said: Blimey. Quality as ever. Edited November 12, 2017 by ZiderEyed Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted November 12, 2017 Share Posted November 12, 2017 A reasonable view from an opposition supporter followed up with a typical under siege response from one of their Neanderthal numbskulls...... Quote Link to comment Share on other sites More sharing options...
Super Posted November 12, 2017 Share Posted November 12, 2017 Who is the number 3? Quote Link to comment Share on other sites More sharing options...
alexukhc Posted November 12, 2017 Share Posted November 12, 2017 1 minute ago, Super said: Who is the number 3? Lee Brown, had to google it, what did he do? Did they wear their Poppy’s yesterday? Quote Link to comment Share on other sites More sharing options...
Guest Posted November 12, 2017 Share Posted November 12, 2017 32 minutes ago, Cheesleysmate said: A reasonable view from an opposition supporter followed up with a typical under siege response from one of their Neanderthal numbskulls...... And yet when our club acted distastefully in pulling the flag I don't think I saw one post which didn't criticise our club - even those 'defending' were really just mitigating for the event of Cardiff. Quote Link to comment Share on other sites More sharing options...
Red34 Posted November 12, 2017 Share Posted November 12, 2017 7 minutes ago, alexukhc said: Lee Brown, had to google it, what did he do? Did they wear their Poppy’s yesterday? I watched the remembrance video on Scunthorpe's Twitter - looks like he carried on warming up while stood in line for the silence. Some of their other players were doing it too but stopped when the silence stared I think. Imagine that must be it...? Quote Link to comment Share on other sites More sharing options...
cheshire_red Posted November 12, 2017 Share Posted November 12, 2017 1 hour ago, Super said: Dopey is full of it when things are going well but when things arent he sulks like a kid his interviews are beyond embarrassing. One thing about LJ last season during that bad run he conducted himself so well, didnt shy away from interviews or feel sorry for himself. Err really? 1 Quote Link to comment Share on other sites More sharing options...
cheshire_red Posted November 12, 2017 Share Posted November 12, 2017 1 hour ago, cider head said: Blimey. Has to be the most offensive flag ever. Surely it has been photoshopped? Gloucester folk would be appalled 1 Quote Link to comment Share on other sites More sharing options...
adamski Posted November 12, 2017 Share Posted November 12, 2017 39 minutes ago, cheshire_red said: Has to be the most offensive flag ever. Surely it has been photoshopped? Gloucester folk would be appalled perhaps they'll change Irene for Go west! Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 12, 2017 Share Posted November 12, 2017 42 minutes ago, cheshire_red said: Has to be the most offensive flag ever. Surely it has been photoshopped? Gloucester folk would be appalled I have heard that the residents of “Fred West Avenue”are horrified at being accosiated with Bristol Rovers. Quote Link to comment Share on other sites More sharing options...
Super Posted November 12, 2017 Share Posted November 12, 2017 1 hour ago, cheshire_red said: Err really? Did he not conduct himself well then? Quote Link to comment Share on other sites More sharing options...
cheshire_red Posted November 12, 2017 Share Posted November 12, 2017 He blamed individual players as I am sure you know 1 Quote Link to comment Share on other sites More sharing options...
Mtimmy11 Posted November 12, 2017 Share Posted November 12, 2017 1 hour ago, Super said: Did he not conduct himself well then? He's doing a lot better this year but let's not kid ourselves.He publicly blamed his own players,went awol for about 3 weeks from the media all together. then he took to running down tunnels before we finished booing 1 Quote Link to comment Share on other sites More sharing options...
Super Posted November 12, 2017 Share Posted November 12, 2017 46 minutes ago, cheshire_red said: He blamed individual players as I am sure you know Dont most managers? Quote Link to comment Share on other sites More sharing options...
Super Posted November 12, 2017 Share Posted November 12, 2017 11 minutes ago, Mtimmy11 said: He's doing a lot better this year but let's not kid ourselves.He publicly blamed his own players,went awol for about 3 weeks from the media all together. then he took to running down tunnels before we finished booing Ha ha! Yes all managers hang around to hear fans boo! Quote Link to comment Share on other sites More sharing options...
Big C Posted November 12, 2017 Share Posted November 12, 2017 28 minutes ago, Super said: Ha ha! Yes all managers hang around to hear fans boo! He probably read Thatchs post and realised they weren’t booing at him and saw no point in hanging around 2 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted November 12, 2017 Share Posted November 12, 2017 I had no idea that Fred West was a gashead. Quote Link to comment Share on other sites More sharing options...
Betty Swallocks Posted November 12, 2017 Share Posted November 12, 2017 10 minutes ago, wendyredredrobin said: I had no idea that Fred West was a gashead. Despite showing all the signs of being a gashead? 2 Quote Link to comment Share on other sites More sharing options...
Swede Posted November 12, 2017 Share Posted November 12, 2017 5 hours ago, alexukhc said: Lee Brown, had to google it, what did he do? Did they wear their Poppy’s yesterday? "No.3", a"Lee Brown" I think I'm having one of those at the minute and it bloody hurts! In the old days it was leaving the pan like a flock of starlings! 1 Quote Link to comment Share on other sites More sharing options...
RedLionLad Posted November 12, 2017 Share Posted November 12, 2017 32 minutes ago, wendyredredrobin said: I had no idea that Fred West was a gashead. Did you never see his hands? .......or any dribble on his chin? Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted November 12, 2017 Share Posted November 12, 2017 23 minutes ago, Betty Swallocks said: Despite showing all the signs of being a gashead? I heard it was a choice between supporting the g*s or Gloucester City but he didn`t want to be thought of as a glory hunter. 2 1 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 12, 2017 Share Posted November 12, 2017 35 minutes ago, wendyredredrobin said: I had no idea that Fred West was a gashead. I’m pretty sure he’d have kept it quiet. You don’t need horrible little secrets that are as bad as that, getting out..! 1 Quote Link to comment Share on other sites More sharing options...
RedLionLad Posted November 12, 2017 Share Posted November 12, 2017 3 minutes ago, Bar BS3 said: I’m pretty sure he’d have kept it quiet. You don’t need horrible little secrets that are as bad as that, getting out..! I remember him being arrested and his solicitor taking out a court injunction to stop reporters naming him as a Gashead. 1 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 12, 2017 Share Posted November 12, 2017 1 minute ago, RedLionLad said: I remember him being arrested and his solicitor taking out a court injunction to stop reporters naming him as a Gashead. Apparently he’s never actually murdered anyone or raped any of his children. It was just slightly less embarrassing than his real alibi of having been watching Rovers on the nights in question. 1 Quote Link to comment Share on other sites More sharing options...
RedLionLad Posted November 12, 2017 Share Posted November 12, 2017 1 minute ago, Bar BS3 said: Apparently he’s never actually murdered anyone or raped any of his children. It was just slightly less embarrassing than his real alibi of having been watching Rovers on the nights in question. Deflection tactics. Worked a treat.......until the family released the flag Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted November 12, 2017 Share Posted November 12, 2017 2 hours ago, wendyredredrobin said: I had no idea that Fred West was a gashead. We're Rovers Supporters, Fred West is one too, We always follow........ Quote Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted November 12, 2017 Share Posted November 12, 2017 5 hours ago, Super said: Did he not conduct himself well then? No, against Rotherham at home he kept turning around to goad the home fans around the bench, yes he was getting stick, but nothimg too heavy and it's part and parcel of his job. Did he stay professional? No, especially when we scored a late winner against the division's whipping boys when he turned round and gave the City fans loads....it was pathetic.... Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 12, 2017 Share Posted November 12, 2017 14 minutes ago, BS4 on Tour... said: No, against Rotherham at home he kept turning around to goad the home fans around the bench, yes he was getting stick, but nothimg too heavy and it's part and parcel of his job. Did he stay professional? No, especially when we scored a late winner against the division's whipping boys when he turned round and gave the City fans loads....it was pathetic.... You mean the game where his substitutions were met with chants of “you don’t know what you’re doing” and then his substitutes linked up to create and score the winning goal..?! I think he was entitled to that reaction..! 10 Quote Link to comment Share on other sites More sharing options...
AppyDAZE Posted November 12, 2017 Share Posted November 12, 2017 (edited) 3 hours ago, Bar BS3 said: I’m pretty sure he’d have kept it quiet. You don’t need horrible little secrets that are as bad as that, getting out..! Fred in court: Yes, I murdered, yes i buried women, yes Rose did all those things, but no focking way did i ever support Bristol Rovers!! I'm a Gloucester City man, me. And sometimes Reading Edited November 12, 2017 by AppyDAZE 1 2 Quote Link to comment Share on other sites More sharing options...
WessexPest Posted November 12, 2017 Share Posted November 12, 2017 12 hours ago, Mr Popodopolous said: Is that Henbury Gas, bald bloke 2nd back on the right...? FTG! Or HMP! Wakefield! Quote Link to comment Share on other sites More sharing options...
WessexPest Posted November 12, 2017 Share Posted November 12, 2017 22 hours ago, BS15_RED said: Genius! As a resident of Milwaukee I shall endaeavour to get you a picture of the Bronze Fonze. Darrell couldn’t be that cool if he was in the Milwaukee House of Corrections Cooler with his underpants full of Wisconsin snowballs. 1 Quote Link to comment Share on other sites More sharing options...
In the Net Posted November 12, 2017 Share Posted November 12, 2017 9 hours ago, alexukhc said: Lee Brown, had to google it, what did he do? Did they wear their Poppy’s yesterday? Yes - poppies on on the shirts yesterday. Quote Link to comment Share on other sites More sharing options...
CotswoldRed Posted November 13, 2017 Share Posted November 13, 2017 Quote Link to comment Share on other sites More sharing options...
Fiale Posted November 13, 2017 Share Posted November 13, 2017 Dwane Sports acquired Bristol Rovers 1883 Ltd (which owns the football club and the Mem) by refinancing that company's assets. They provided a loan facility of £10 million to Bristol Rovers 1883 Ltd and in the 2016 financial year Bristol Rovers 1883 Ltd used this to : 1) Pay off the MSP Capital loan of £2.7 million 2) Pay off most of the old directors outstanding loans and bonds of £3.5 million (which is why they gifted the shares to Dwane Sports) 3) Pay approximately £1 million to cover trading losses for 2016 This is why the Dwane Sports loan stood at £7.2 million at 30.06.16 In the 17 months since then the club has continued to trade at a loss, which can be estimated at £1.5 million per year, so the loan must be close to £10 million now So all of Dwane Sports "investment" in Bristol Rovers 1883 Ltd has been in the form of a loan and, because of the legal charge, if they want the loan repaid they are entitled to sell the Mem to get that repayment. If the trend from the 2016 accounts is continued, and Nick Higgs and Barry Bradshaw are still owed nearly £1 million between them as they were then, the position would be : Pre acquisition. Loans of about £7 million with annual interest of £420 000 Post acquisition. Loans of about £11 million with annual interest of about £ 650 000 I would suggest that things are considerably worse than before. Even if we are super optimistic and say that substantial new revenue streams will appear in 3 years time it is likely Rovers would be £15 million in debt and running up £1 million per year interest bills by then. The 2016 accounts state that Mr Hani Al Qadi has confirmed his intention to maintain support until at least March 31st 2018. When Nick Higgs found it impossible to carry on covering the losses and looked for someone to take over, and get him out of it, the best offer was apparently the £6.2 million Dwane Sports initially paid. But that was in February 2016 when £6.2 million would clear the whole (MSP) external debt and most of the debt owing to the directors/shareholders. In November 2017, to get the owners out, that figure has risen to £11 million. Who is going to pay £11 million for something which was only worth £6.2 million 17 months ago apart from a property developer who is purely interested in the land and has no interest at all in a loss making, homeless, football club ? I suspect this is the issue which Edward Ware, Gasincider, Severncider, Wael, and many other people with Rovers best interests at heart, are wrestling with at the moment. The club will get the going rate card for the mem site so the club won't lose out in any way financially, it will enable us to move to UWE as per the original plans. At that point it will become another capitalist venture and not solely built by EWH. There is also up to a £6m grant available from the FA for all clubs building new stadia outside the championship which we qualify for. BRFC will own the stadium. I do not know any other commercial details presently. I don't know either whether the approach has been made to the ALQ family yet or whether this is actually a viable alternative or whether the ALQs will actually want to sell up. I do know that there have been 2 other consortiums interested. One has now completely cooled its interested. The other is American backed and the consortium have attended 3 games this season. Whether that's to invest or to take over I don't know. I doubt EW has the finiancial clout himself to run rovers and build the stadium. There will be partners and other parties and I don't believe all this information has come from one source, namely EW, I know for a fact it hasn't. According to another ex director I spoke to, it was believed very much at the time the ALQs were going to build the stadium without the need for them to do it themselves. That was the clincher for them to takeover. All things were in place. The ALQs, for all their reasons have not decided to build UWE and go a different path. Whatever Wael or Hamer says only depends on whether Hani and the old man want to open the cheque book so to speak. And quite clearly for whatever reason they aren't now prepared to do it. UWE still want to do the project and maybe EW feels that it was the wrong decision to sell the club to the ALQs and if he can take over he can get the job done. NH was also the majority shareholder of the club with BB. EW had a minority stake so unless he had the people alongside him 3 years ago he could have never have taken over himself. I believe this was the plan b the club also talked about. These aren't new plans. I saw the blueprints for redevelopment for housing around 4-5 years ago when Sainsbury's fell through and the JR appeal was in process. We don't know who the partners are. BRFC will own the stadium. No suggestion DS will give the mem away. there is more profit on building apartments on the Mem land and other commercial ventures than just houses. I think due diligence was done to the best they could have done it. It wasn't as if the ALQs came in and shut it all down once they got ownership of the club. I don't think there is much more they could have done. Its the ALQs that have changed the terms of the stadium build. No matter how you try and keep things close, someone always has loose lips. I know Ed is on holiday at the moment and returns just before the Wimbledon game so don't expect to hear anything just yet. Quote Link to comment Share on other sites More sharing options...
Fiale Posted November 13, 2017 Share Posted November 13, 2017 My favourite is our friend Henbury Gas who has hinted that Wael has had meetings including with Marvin Reece and has made a few hints re something happening Reece, Bristol Mayor, Bristol Arena, Stadium blah blah blah... so let's use this as the test and see what happenes Henbury Gas full of crap or in the know ?! Quote Link to comment Share on other sites More sharing options...
Peter O Hanraha-hanrahan Posted November 13, 2017 Share Posted November 13, 2017 8 minutes ago, Fiale said: My favourite is our friend Henbury Gas who has hinted that Wael has had meetings including with Marvin Reece and has made a few hints re something happening Reece, Bristol Mayor, Bristol Arena, Stadium blah blah blah... so let's use this as the test and see what happenes Henbury Gas full of crap or in the know ?! A bit late for that I’m afraid. The story about a disabled City fan who apparently had all his teeth/one tooth/no teeth smashed out of his head by a fellow City fan over a seat was enough to see that Henbury Gas talks bullshit. 7 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted November 13, 2017 Share Posted November 13, 2017 (edited) 1 hour ago, Fiale said: There is also up to a £6m grant available from the FA for all clubs building new stadia outside the championship which we qualify for. I was interested in this bit when someone quoted elsewhere in the thread, it looked incredibly generous, so I looked it up on the FA Website. "The FSIF provides money for clubs in the Football League who want to improve their facilities for players, officials and spectators. Grant limits Football League clubs are eligible for: a maximum £750,000 less any previous grants received from the Football Trust or FSIF at any time since 1990. a maximum grant of 50% of eligible costs." It appears that the £6m quoted is the total annual amount available to support clubs in stadium renovations, I guess the poster assumes that the FA will be happy to give them the whole pot as they are Bristol Rovers after all. Edited November 13, 2017 by Port Said Red duplicate sentence 2 9 Quote Link to comment Share on other sites More sharing options...
Fiale Posted November 13, 2017 Share Posted November 13, 2017 4 minutes ago, Port Said Red said: I was interested in this bit when someone quoted elsewhere in the thread, it looked incredibly generous, so I looked it up. so I looked it up on the FA Website. "The FSIF provides money for clubs in the Football League who want to improve their facilities for players, officials and spectators. Grant limits Football League clubs are eligible for: a maximum £750,000 less any previous grants received from the Football Trust or FSIF at any time since 1990. a maximum grant of 50% of eligible costs." It appears that the £6m quoted is the total annual amount available to support clubs in stadium renovations, I guess the poster assumes that the FA will be happy to give them the whole pot as they are Bristol Rovers after all. Well they are the best supported ultra family orientated team in the world so why wouldn't they support them - but yes, good spot, I wonder what the maximum the FA have given any one club. 1 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted November 13, 2017 Share Posted November 13, 2017 6 minutes ago, Fiale said: Well they are the best supported ultra family orientated team in the world so why wouldn't they support them - but yes, good spot, I wonder what the maximum the FA have given any one club. Well these are the figures else where on the site. "The Premier League wholly funds the FSIF, investing £6m each year. Since 2000 a total of £51.67m worth of grants have been redistributed to clubs right across England and Wales". That suggests that only around £3m a year has been spent in 17 years and this covers non-league football as well. I would think it's unlikely there would have been only one project a year in that time. 1 Quote Link to comment Share on other sites More sharing options...
BS3City Posted November 13, 2017 Share Posted November 13, 2017 12 hours ago, AppyDAZE said: Fred in court: Yes, I murdered, yes i buried women, yes Rose did all those things, but no focking way did i ever support Bristol Rovers!! I'm a Gloucester City man, me. And sometimes Reading Or - Nope, it was absolutely nothing to do with me your honour, I've always been the ultimate family man. It must have been a bunch of She Ted's digging up my patio and burying all those bodies... Quote Link to comment Share on other sites More sharing options...
Mike Hunt-Hertz Posted November 13, 2017 Share Posted November 13, 2017 12 hours ago, AppyDAZE said: Fred in court: Yes, I murdered, yes i buried women, yes Rose did all those things, but no focking way did i ever support Bristol Rovers!! I'm a Gloucester City man, me. And sometimes Reading Hereford F.C. surely. The dirty ape came from Much Marcle, but he still weren't no slag Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted November 13, 2017 Share Posted November 13, 2017 (edited) 2 hours ago, Peter O Hanraha-hanrahan said: A bit late for that I’m afraid. The story about a disabled City fan who apparently had all his teeth/one tooth/no teeth smashed out of his head by a fellow City fan over a seat was enough to see that Henbury Gas talks bullshit. Spot on Peter, he's been proven to be a source of bullshit. One thing they seem to be missing in this new plan is the fact that they DON'T OWN THE MEM LAND. IF there is a prospective take over, the fake sheik and his family will get the land as they have a charge of £10M on it. Also, they cannot own the UWE land (not that it will be built) as there's a covenant on it. Then gain, they never let facts get in the way of bullshit do they? They are making up plans so that they get something for nothing, as usual. Edited November 13, 2017 by Ska Junkie 1 Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted November 13, 2017 Share Posted November 13, 2017 1 hour ago, Ska Junkie said: Spot on Peter, he's been proven to be a source of bullshit. One thing they seem to be missing in this new plan is the fact that they DON'T OWN THE MEM LAND. IF there is a prospective take over, the fake sheik and his family will get the land as they have a charge of £10M on it. Also, they cannot own the UWE land (not that it will be built) as there's a covenant on it. Then gain, they never let facts get in the way of bullshit do they? They are making up plans so that they get something for nothing, as usual. They do own it all. They paid a quid! Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted November 13, 2017 Share Posted November 13, 2017 1 minute ago, Cheesleysmate said: They do own it all. They paid a quid! It's all under a 'charge' by WAQ though isn't it? Quote Link to comment Share on other sites More sharing options...
Monkeh Posted November 13, 2017 Share Posted November 13, 2017 keep them heads burred in the sand gasheads, Some one want to point out how much interest we paid on lansdown's various loans over the years (the answer is close to zero I think) nottsgas Newbie Posts: 1 Posting Level Next Level in 24 posts 48 minutes ago Quote Post by nottsgas on 48 minutes ago 52 minutes ago bluebutterfly said: Can anybody with financial know how explain the owners loan against the mem and paying themselves interest from it in a positive way? What happens when the £10m runs out and were still losing money? Why is dwayne sports making money from interest on the loan against the stadium? I don't think it's anything untoward, if we (rovers) take out a loan we'll pay on interest on it- no matter who the lender is. In this case it's the Al Qadi's themselves, they wouldn't be where they are now if they didn't charge interest on loans! I guess their bank has its own BoD who they answer to there who'd be asking questions if they gave rovers a special deal. 1 Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted November 13, 2017 Share Posted November 13, 2017 35 minutes ago, Ska Junkie said: It's all under a 'charge' by WAQ though isn't it? No. They put on the "La-La" machines whenever the 'charge' is mentioned. 2 Quote Link to comment Share on other sites More sharing options...
myol'man Posted November 13, 2017 Share Posted November 13, 2017 (edited) 2 hours ago, Cheesleysmate said: No. They put on the "La-La" machines whenever the 'charge' is mentioned. "City of Stars, are you shining red for me? City of Stars, there's so much red to see" Edited November 13, 2017 by myol'man Quote Link to comment Share on other sites More sharing options...
Bazooka Joe Posted November 13, 2017 Share Posted November 13, 2017 3 hours ago, Cheesleysmate said: They do own it all. They paid a quid! You're quidding! Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted November 13, 2017 Share Posted November 13, 2017 (edited) 3 hours ago, Monkeh said: keep them heads burred in the sand gasheads, Some one want to point out how much interest we paid on lansdown's various loans over the years (the answer is close to zero I think) nottsgas Newbie Posts: 1 Posting Level Next Level in 24 posts 48 minutes ago Quote Post by nottsgas on 48 minutes ago 52 minutes ago bluebutterfly said: Can anybody with financial know how explain the owners loan against the mem and paying themselves interest from it in a positive way? What happens when the £10m runs out and were still losing money? Why is dwayne sports making money from interest on the loan against the stadium? I don't think it's anything untoward, if we (rovers) take out a loan we'll pay on interest on it- no matter who the lender is. In this case it's the Al Qadi's themselves, they wouldn't be where they are now if they didn't charge interest on loans! I guess their bank has its own BoD who they answer to there who'd be asking questions if they gave rovers a special deal. Islamic banks don’t charge interest. It’s absolutely forbidden. When I last looked the Al Qadis were shareholders in an Islamic Bank. It’s another reason not to understand the way this whole thing is set up. Edited November 13, 2017 by Bianconeri 2 Quote Link to comment Share on other sites More sharing options...
T R Posted November 13, 2017 Share Posted November 13, 2017 1 Quote Link to comment Share on other sites More sharing options...
BS4 on Tour... Posted November 13, 2017 Share Posted November 13, 2017 19 hours ago, Bar BS3 said: You mean the game where his substitutions were met with chants of “you don’t know what you’re doing” and then his substitutes linked up to create and score the winning goal..?! I think he was entitled to that reaction..! ....we'd lost 8 and drawn 1 of the previous 9 games before we struggled to beat rock bottom Rotherham at home...do you think that record allows him smug looks at the crowd and obvious goading and gloating?! After the run of form we were on, the crowd's obvious frustration was totally understandable. And the subs 'linked up' for the winning goal? A shot from one was blocked/saved by the keeper and the other got the rebound. Is that 'linking up'?! I suppose it could be argued that it is, but 'linked up' suggests a move that was a bit more skilful and pre-meditated than a blocked shot which fell to one of our guys. Anyway, that's history, last season was awful....let's carry on enjoying this one! 1 Quote Link to comment Share on other sites More sharing options...
BS2 Red Posted November 13, 2017 Share Posted November 13, 2017 1 hour ago, Bianconeri said: Islamic banks don’t charge interest. It’s absolutely forbidden. When I last looked the Al Qadis were shareholders in an Islamic Bank. It’s another reason not to understand the way this whole thing is set up. Their website suggests that they charge interest on loans. http://www.ajib.com/en/node/163 Quote Link to comment Share on other sites More sharing options...
Peter O Hanraha-hanrahan Posted November 13, 2017 Share Posted November 13, 2017 35 minutes ago, BS4 on Tour... said: ....we'd lost 8 and drawn 1 of the previous 9 games before we struggled to beat rock bottom Rotherham at home...do you think that record allows him smug looks at the crowd and obvious goading and gloating?! After the run of form we were on, the crowd's obvious frustration was totally understandable. And the subs 'linked up' for the winning goal? A shot from one was blocked/saved by the keeper and the other got the rebound. Is that 'linking up'?! I suppose it could be argued that it is, but 'linked up' suggests a move that was a bit more skilful and pre-meditated than a blocked shot which fell to one of our guys. Anyway, that's history, last season was awful....let's carry on enjoying this one! In all fairness those substitutions changed the game as we suddenly looked dangerous going forward which up to that point wasn't the case. I'm guessing LJ was letting out some frustrations the same way the crowd had when they were chanting that he didn't know what he was doing. Bad times....the Gas were loving it, we were DEFINITELY going down and they were DEFINITELY going up with Dopey at the helm. How did that work out in the end? HAHA FTG! 5 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted November 13, 2017 Share Posted November 13, 2017 1 hour ago, Bianconeri said: Islamic banks don’t charge interest. It’s absolutely forbidden. When I last looked the Al Qadis were shareholders in an Islamic Bank. It’s another reason not to understand the way this whole thing is set up. That would explain why they’ve got no money to invest..! Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted November 13, 2017 Share Posted November 13, 2017 11 minutes ago, BS2 Red said: Their website suggests that they charge interest on loans. http://www.ajib.com/en/node/163 That is very odd because Shar’ia compliance would mean not charging interest. In practice Islamic financial institutions often quote ‘interest equiivalents’. I’m not familiar with the flavour of compliance used in Jordan but the basic principles tend to be similar across the Islamic Finance market. There are some highly complex ‘compliant’ products that mirror conventional products. Have a look at the OECD, IFSB and World Bank reports if you are very bored. My point is that the overt quotation of interest suggests that Dwayne borrowed the money from a source other than ‘the family’. Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted November 13, 2017 Share Posted November 13, 2017 6 minutes ago, Bar BS3 said: That would explain why they’ve got no money to invest..! They just operate differently to conventional banks and generate income in other ways. If anything they have greater liquidity due to principles of risk sharing and the prohibition of speculation. Quote Link to comment Share on other sites More sharing options...
Esmond Million's Bung Posted November 13, 2017 Share Posted November 13, 2017 I found this if it helps:- Islamic Finance is based on the Profit-Sharing principle. In other words the parties are Owners of the Asset/Venture for which the loan is being advanced. It is important to understand that Islamic Banking is based on a strong value system. It lays great emphasis on equity and investment in the real economy. Rather than providing a lucrative financial alternative to investing in the real economy, Islamic banking complements and strengthens the latter. It ensures that financial capital does not lead to artificially bloated asset prices. Instead, it is made to work in the real economy, on real projects. Thus, instead of traditional accounts with given interest rates, Islamic banks provide accounts which offer profit/loss. The bank in turn purchases assets with your money, which generate returns for the bank. High degrees of uncertainty or gharar are not allowed. All possible risks must be identified to investors, and all relevant information disclosed. Islamic finance requires you only invest in ethical causes or projects. Read more here: Explainer: how does Islamic finance work? EXAMPLE Housing Loan - The Islamic Finance Alternative You are purchasing a house worth 100,000. You make a down payment of 20,000 and take a loan of 80,000 to be repaid over 4 equal annual installments. Thus, currently own 20% (20,000/100,000 x 100) of the asset. Your repayment schedule would look something like this: So essentially - over the years you are buying a larger portion of ownership of the house. So what does the Islamic Bank get in return? As a co-owner of the house the bank is entitled to charge rent. However, as you buy out the bank’s share of ownership the rent liability decreases over time. Suppose the rent is 2,000 p.a., you will pay as follows: Year 1 - 2,000 x 80% (bank’s ownership% during the year) = 1,600 Year 2 - 2,000 x 60% = 1,200 Year 3 - 2,000 x 40% = 800 Year 4 - 2,000 x 20% = 400 Year 5 - The asset belongs to you 100% - no need to pay rent. The co-ownership factor has several other benefits as well. Quote Link to comment Share on other sites More sharing options...
pride of the west Posted November 13, 2017 Share Posted November 13, 2017 9 minutes ago, Esmond Million's Bung said: So what does the Islamic Bank get in return? As a co-owner of the house the bank is entitled to charge rent. However, as you buy out the bank’s share of ownership the rent liability decreases over time. Suppose the rent is 2,000 p.a., you will pay as follows: Year 1 - 2,000 x 80% (bank’s ownership% during the year) = 1,600 Year 2 - 2,000 x 60% = 1,200 Year 3 - 2,000 x 40% = 800 Year 4 - 2,000 x 20% = 400 Year 5 - The asset belongs to you 100% - no need to pay rent. The co-ownership factor has several other benefits as well. So youre saying that instead of the gas paying interest they are paying rent. And as such we can call them rent boys again. That works nicely 1 4 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted November 13, 2017 Share Posted November 13, 2017 17 minutes ago, Bianconeri said: My point is that the overt quotation of interest suggests that Dwayne borrowed the money from a source other than ‘the family’. Highly likely they did borrow from other sources, unless the bank they are shareholders in have an unusually high appetite for risk (they might as an investment bank however), but To borrow from a bank they have such a vested interest in might not be straight forward/ethical or permitted. No idea what the state of play is with the bank, from memory it wasn't the most profitable in the region so I have no idea what (if any) dividends they have paid. The interest they are apparently charging Rovers would account for a loan to be repaid and for a bit of wiggle room if rates increase slightly. Quote Link to comment Share on other sites More sharing options...
Bianconeri Posted November 13, 2017 Share Posted November 13, 2017 21 minutes ago, Esmond Million's Bung said: I found this if it helps:- Islamic Finance is based on the Profit-Sharing principle. In other words the parties are Owners of the Asset/Venture for which the loan is being advanced. It is important to understand that Islamic Banking is based on a strong value system. It lays great emphasis on equity and investment in the real economy. Rather than providing a lucrative financial alternative to investing in the real economy, Islamic banking complements and strengthens the latter. It ensures that financial capital does not lead to artificially bloated asset prices. Instead, it is made to work in the real economy, on real projects. Thus, instead of traditional accounts with given interest rates, Islamic banks provide accounts which offer profit/loss. The bank in turn purchases assets with your money, which generate returns for the bank. High degrees of uncertainty or gharar are not allowed. All possible risks must be identified to investors, and all relevant information disclosed. Islamic finance requires you only invest in ethical causes or projects. Read more here: Explainer: how does Islamic finance work? EXAMPLE Housing Loan - The Islamic Finance Alternative You are purchasing a house worth 100,000. You make a down payment of 20,000 and take a loan of 80,000 to be repaid over 4 equal annual installments. Thus, currently own 20% (20,000/100,000 x 100) of the asset. Your repayment schedule would look something like this: So essentially - over the years you are buying a larger portion of ownership of the house. So what does the Islamic Bank get in return? As a co-owner of the house the bank is entitled to charge rent. However, as you buy out the bank’s share of ownership the rent liability decreases over time. Suppose the rent is 2,000 p.a., you will pay as follows: Year 1 - 2,000 x 80% (bank’s ownership% during the year) = 1,600 Year 2 - 2,000 x 60% = 1,200 Year 3 - 2,000 x 40% = 800 Year 4 - 2,000 x 20% = 400 Year 5 - The asset belongs to you 100% - no need to pay rent. The co-ownership factor has several other benefits as well. Yes, classic approach to an Islamic mortgage. There are a number of other products to mirror HP, savings deposits, etc... Sukuk is a common ‘bond’ approach to large investments via a special purpose company. I did wonder if that was what the bank had done, take over ownership of the asset, charge rent for its use and then distribute a share of the rental to investors. That wouldn’t account for the escalting debt caused by operational losses. I think Dwayne (as a Jersey based company) has taken out a conventional mortgage. 1 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted November 13, 2017 Share Posted November 13, 2017 Unless someone puts their hand in their pocket, in 6 months they will be insolvent and unable to trade. Something is going to need to happen very quickly to save them and all I hear sounds like hot air. Hot air will not save the Gas. Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted November 13, 2017 Share Posted November 13, 2017 This can't be right. http://m.4-traders.com/ARAB-JORDAN-INVESTMENT-BA-9445364/company/ It suggests that Wally's Dad owns less than 5% of the shares in the bank. It must be more than that surely? 1 Quote Link to comment Share on other sites More sharing options...
redapple Posted November 13, 2017 Share Posted November 13, 2017 12 minutes ago, wendyredredrobin said: Unless someone puts their hand in their pocket, in 6 months they will be insolvent and unable to trade. Something is going to need to happen very quickly to save them and all I hear sounds like hot air. Hot air will not save the Gas. They really could do with being drawn against Manchester United in the Cup..... oh they’re knocked out of all 3 competitions for 2017/18 ! 2 Quote Link to comment Share on other sites More sharing options...
lkntrkljbflrbh3eljth Posted November 13, 2017 Share Posted November 13, 2017 14 minutes ago, Bianconeri said: That is very odd because Shar’ia compliance would mean not charging interest. In practice Islamic financial institutions often quote ‘interest equiivalents’. I’m not familiar with the flavour of compliance used in Jordan but the basic principles tend to be similar across the Islamic Finance market. There are some highly complex ‘compliant’ products that mirror conventional products. Have a look at the OECD, IFSB and World Bank reports if you are very bored. My point is that the overt quotation of interest suggests that Dwayne borrowed the money from a source other than ‘the family’. AJIB is not an Islamic bank, it's just owned by Muslims. Quote Link to comment Share on other sites More sharing options...
RedRaw Posted November 13, 2017 Share Posted November 13, 2017 13 minutes ago, Bristol Rob said: This can't be right. http://m.4-traders.com/ARAB-JORDAN-INVESTMENT-BA-9445364/company/ It suggests that Wally's Dad owns less than 5% of the shares in the bank. It must be more than that surely? Hani is the brother, Abdul is the father, I believe, and owns just over 17% Quote Link to comment Share on other sites More sharing options...
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