CiderJar Posted October 11, 2020 Share Posted October 11, 2020 18 minutes ago, downendcity said: No. I think he's saying that has the oldest cock, but Ben Dover has been in the football league longer. Yes. That would make sense. Ben Dover is a hill near Dover right? Quote Link to comment Share on other sites More sharing options...
BS2 Red Posted October 11, 2020 Share Posted October 11, 2020 1 hour ago, CiderJar said: Yes. That would make sense. Ben Dover is a hill near Dover right? It's a place in Virginia. https://en.m.wikipedia.org/wiki/Ben_Dover_(Manakin-Sabot,_Virginia) Quote Link to comment Share on other sites More sharing options...
downendcity Posted October 11, 2020 Share Posted October 11, 2020 1 hour ago, CiderJar said: Yes. That would make sense. Ben Dover is a hill near Dover right? Ben Dover FC play in the Cockfosters and District League. Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted October 11, 2020 Share Posted October 11, 2020 11 hours ago, bcfc01 said: Yep - founded in 1872. Clearly the oldest football club in Bristol. St George may have been the oldest club but I'd argue since they moved to Almondsbury it's something of a push to describe them being 'in Bristol'. Doubtless The Gas will continue to describe themselves as being a 'Bristol club' should they ever scrape together enough coppers to grass over a patch of derelict landfill on the industrial banks of The Severn. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted October 11, 2020 Share Posted October 11, 2020 2 minutes ago, downendcity said: Ben Dover FC play in the Cockfosters and District League. Didn`t they get drawn in the FA Cup away to Penistone Athletic? Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted October 11, 2020 Share Posted October 11, 2020 2 hours ago, downendcity said: No. I think he's saying that has the oldest cock, but Ben Dover has been in the football league longer. Never mind the quality,,,, Feel the width.. Quote Link to comment Share on other sites More sharing options...
downendcity Posted October 11, 2020 Share Posted October 11, 2020 1 minute ago, Son of Fred said: Never mind the quality,,,, Feel the width.. Is that a microphone in your hand or are you just pleased to see me? 1 Quote Link to comment Share on other sites More sharing options...
archie andrews Posted October 11, 2020 Share Posted October 11, 2020 57 minutes ago, Son of Fred said: Never mind the quality,,,, Feel the width.. Tigers old man..... Quote Link to comment Share on other sites More sharing options...
italian dave Posted October 11, 2020 Share Posted October 11, 2020 9 hours ago, CiderJar said: We have been in the league longer and are therefore the oldest league club. The Black Arabs was just a boy band back in the day. An education for the saggy ones.... Bedminster FC were formed in 1887. Bristol South End were formed in 1894 and became Bristol City in 1897. They merged with Bedminster FC in April 1900 and joined the league in 1901 beating Blackpool 2-0 at Bloomfield Road in their first game. The club's highest-ever league finish was second in the top flight in 1906-07. They were FA Cup runners-up in 1909, and won the Welsh Cup in 1934. The club have also won the second tier title once, the third tier title four times, the Anglo-Scottish cup once, and the Football League Trophy a record three times. The Black Arabs were founded in 1883 and entered the Bristol & District league as Eastville Rovers in 1892. The club moved into the Birmingham & District league in 1897 and then switched to the Southern League as Bristol Rovers in 1899. They were not admitted into the football league until 1920. They were placed in the Third Division South and remained there until 1952–53. They recorded their highest finishing positions in 1956 and 1959, a sixth-place finish in the second division. They had to apply for reelection to the football league twice before finally being relegated from it in 2015 having finished 23rd the season before, a year before it became a relegation place. The best bits of that are not the first half of each - with all the dates and leagues - but the second half, listing the achievements during that time. Quote Link to comment Share on other sites More sharing options...
Med/MadHatter Posted October 11, 2020 Share Posted October 11, 2020 On 10/10/2020 at 05:11, Ska Junkie said: sorry to anyone who has suffered from a stroke, you have my best wishes and sympathy but this is meant in humour. As a person who has had 2 strokes, I see nothing wrong with this, just humour. In fact this is how my wife knows that I've been drinking too much because my right eyelid and cheek droop, I don't notice it though :laugh:, no hiding the fact I'm getting bladdered from her now :laugh: 2 1 Quote Link to comment Share on other sites More sharing options...
GreedyHarry Posted October 11, 2020 Share Posted October 11, 2020 59 minutes ago, italian dave said: The best bits of that are not the first half of each - with all the dates and leagues - but the second half, listing the achievements during that time. Shouldn’t it have the Whatno Cup win listed for them? Just so we don’t get accused of inaccuracy. Quote Link to comment Share on other sites More sharing options...
italian dave Posted October 11, 2020 Share Posted October 11, 2020 9 minutes ago, GreedyHarry said: Shouldn’t it have the Whatno Cup win listed for them? Just so we don’t get accused of inaccuracy. Probably! And the Gloucester Cup.....oh, hang on...!! Quote Link to comment Share on other sites More sharing options...
CiderJar Posted October 11, 2020 Share Posted October 11, 2020 (edited) 43 minutes ago, GreedyHarry said: Shouldn’t it have the Whatno Cup win listed for them? Just so we don’t get accused of inaccuracy. Yes it should. I was danger of boring myself back to sleep. I could also have said about the fact that two English sides contested the 1934 Welsh Cup Final, ourselves and Tranmere. 1920 to 1952 though? Their formative years and all of them in the basement. What a side. What a bunch of Arabs. Edited October 11, 2020 by CiderJar 1 Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted October 11, 2020 Share Posted October 11, 2020 3 hours ago, archie andrews said: Tigers old man..... Recall the days when his Mrs was one of our Rockin' Robins.... 1 Quote Link to comment Share on other sites More sharing options...
Busterrimes Posted October 11, 2020 Share Posted October 11, 2020 2 hours ago, BTRFTG said: Recall the days when his Mrs was one of our Rockin' Robins.... Linzi is a former Ashton Park pupil I believe. Quote Link to comment Share on other sites More sharing options...
Rich Posted October 11, 2020 Share Posted October 11, 2020 (edited) 20 hours ago, JamesBCFC said: I think we're talking at cross purposes. Of the Bristol clubs in league football, they are the oldest. We joined the football league the earliest. As the older club of the two, Rovers are the oldest league club in Bristol. But they have been a league club the least amount of time Sorry for late response, been busy. Just to be pedantic James, you referred to them and stated "They are the oldest league club", surely you can't be classed as a league club until you actually become a member of that league. As they became a member nearly twenty years after us, that makes us the oldest "league club". Which is different from your later explanation of them being the oldest club in Bristol playing league football, especially as the oldest club thing is disputable. I know what you're saying but, they've always claimed to be the "oldest league club" first and foremost, not the oldest club playing league football. There was a point in the dark days of 1982 when their head man Gordon Bennet described them as "Bristol's Premier club", when they were momentarily in the division above us, their delusion goes back a long way. Of course, they could legitimately be called "Bristol's newest league club". Edited October 11, 2020 by Rich addition 2 Quote Link to comment Share on other sites More sharing options...
bcfc01 Posted October 11, 2020 Share Posted October 11, 2020 22 hours ago, JamesBCFC said: They are the oldest league club. They've just been in the league for a shorter time. Thats not what you said earlier. You were wrong. Why not just say so, instead of trying to justify what you incorrectly stated ? Over and out. Quote Link to comment Share on other sites More sharing options...
Swede Posted October 11, 2020 Share Posted October 11, 2020 So are we saying that they are oldest shittest club in "Bristol" or just the shittest club in "Bristol"? I use the term "Bristol" in its broad sense as for many years they didn't own jack, rented at Bath, looked to move to South Gloucestershire or anywhere who would have them before fingering the rugby club. Quote Link to comment Share on other sites More sharing options...
Rich Posted October 11, 2020 Share Posted October 11, 2020 10 minutes ago, Swede said: So are we saying that they are oldest shittest club in "Bristol" or just the shittest club in "Bristol"? I use the term "Bristol" in its broad sense as for many years they didn't own jack, rented at Bath, looked to move to South Gloucestershire or anywhere who would have them before fingering the rugby club. They might be the oldest, or might not be, they are not the oldest league club but there is no doubt, they are the shittiest league club to have ever used the title of Bristol in their name. Whether they were in Bristol at a rented ground, in Bath at a rented ground, or in a rugby ground which now resembles their first home at Eastville with it's conglomeration of disjointed structures, they are still a shitty club. 2 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted October 11, 2020 Share Posted October 11, 2020 2 Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted October 11, 2020 Share Posted October 11, 2020 (edited) Lovely picture of Holloway in the directors box at the Mem in that previous post. Edited October 11, 2020 by Midlands Robin 3 Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted October 12, 2020 Share Posted October 12, 2020 On 06/10/2020 at 17:06, Sturny said: Just a reminder that this image exists Looks like it's 'kicking off! 4 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 12, 2020 Share Posted October 12, 2020 On 04/10/2020 at 12:39, Monkeh said: We did yesterday after the game against forest They'll soon be able to boast Championship ready sprinklers and a covid compliant car park complete with shower. 1 Quote Link to comment Share on other sites More sharing options...
HitchinRed Posted October 12, 2020 Share Posted October 12, 2020 ...if it’s raining. 1 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted October 12, 2020 Share Posted October 12, 2020 That rare occasion when the words Wael and truth appear in the same sentence. https://www.bristolpost.co.uk/sport/football/wael-al-qadi-bristol-rovers-4256317 Quote Link to comment Share on other sites More sharing options...
elhombrecito Posted October 12, 2020 Share Posted October 12, 2020 14 minutes ago, Port Said Red said: That rare occasion when the words Wael and truth appear in the same sentence. https://www.bristolpost.co.uk/sport/football/wael-al-qadi-bristol-rovers-4256317 That's a very long article that, which includes a lot of brown nosing of Wally and provides sod all new information. Typical Post article really! 2 Quote Link to comment Share on other sites More sharing options...
fatchers Posted October 12, 2020 Share Posted October 12, 2020 The Post showing its bias again. The blue third of Bristol will be creaming themselves over that. Quote Link to comment Share on other sites More sharing options...
Unan Posted October 12, 2020 Share Posted October 12, 2020 6 minutes ago, fatchers said: The Post showing its bias again. The blue third of Bristol will be creaming themselves over that. Average attendance across the 2 clubs is 28000, they barely get 7000. It's closer to one quarter. 1 Quote Link to comment Share on other sites More sharing options...
Rudolf Hucker Posted October 12, 2020 Share Posted October 12, 2020 19 minutes ago, fatchers said: The Post showing its bias again. The blue third of Bristol will be creaming themselves over that. The article was written on 23 June 2020 by James Piercy, the Post’s sports editor and claims to have received 189K ‘likes’, unless I’m reading it incorrectly. It seems that delusion is not confined to the 15ers. The article states “It’s impossible to pinpoint exactly when a deal will be "done" in the formal business sense but a more realistic timeline would appear August, at the earliest.” thus I think that it’s merely a reprint of an earlier article which contained a complete load of bollocks that has never come to pass. 1 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted October 12, 2020 Share Posted October 12, 2020 August? Anyone guess what year? Quote Link to comment Share on other sites More sharing options...
Taz Posted October 12, 2020 Share Posted October 12, 2020 6 minutes ago, wendyredredrobin said: August? Anyone guess what year? August 20never Quote Link to comment Share on other sites More sharing options...
Swede Posted October 12, 2020 Share Posted October 12, 2020 1 hour ago, Taz said: August 20never Au gust of wind and there goes the new stand flying away like it's on a magic carpet. Quote Link to comment Share on other sites More sharing options...
RedEd73 Posted October 13, 2020 Share Posted October 13, 2020 Seriously....... Garner manager of the week! Another open top bus tour will surely follow...... 4 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted October 13, 2020 Share Posted October 13, 2020 13 minutes ago, RedEd73 said: Seriously....... Garner manager of the week! Another open top bus tour will surely follow...... It was a very good result, against a team that had won all their games up to that point (obviously with the help of the mandatory penalty & sending off) but I'd be to embarrassed to receive Manager of anything having just won only my 4th game this year..! 3 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 13, 2020 Share Posted October 13, 2020 38 minutes ago, Bar BS3 said: It was a very good result, against a team that had won all their games up to that point (obviously with the help of the mandatory penalty & sending off) but I'd be to embarrassed to receive Manager of anything having just won only my 4th game this year..! Sympathy vote, innit. Like the fat kid at school sports day who gets a certificate for 'effort'. The fact most of his efforts seemed to be shovelling cake and attempting early onset of diabetes is irrelevant. 1 4 Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted October 13, 2020 Share Posted October 13, 2020 43 minutes ago, Bristol Rob said: Sympathy vote, innit. Like the fat kid at school sports day who gets a certificate for 'effort'. The fact most of his efforts seemed to be shovelling cake and attempting early onset of diabetes is irrelevant. So it's no coincidence that my school sports day certificate for effort, has chocolate finger prints all over it..?! 1 3 Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted October 13, 2020 Share Posted October 13, 2020 It's the attention to detail that's helped Garner get this award. Things like paying attention to the length of the grass on the pitch. Not because it aids his teams passing but so that he can warn his players how likely they are to hurt themselves as they tumble to the ground all over the pitch. Quote Link to comment Share on other sites More sharing options...
pongo88 Posted October 13, 2020 Share Posted October 13, 2020 2 hours ago, RedEd73 said: Seriously....... Garner manager of the week! Another open top bus tour will surely follow...... The media and Rovers excitement over the club’s form is ignoring a basic fault. Rovers have played 5 league games and only scored 6 goals. Three of them have been penalties, so it’s only 3 goals from open play in 5 matches. Unless Garner can keep the penalties flowing that’s going to be relegation form. I’d vote for him as manager of the month on that basis 1 Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted October 13, 2020 Admin Share Posted October 13, 2020 3 hours ago, Bar BS3 said: It was a very good result, against a team that had won all their games up to that point (obviously with the help of the mandatory penalty & sending off) but I'd be to embarrassed to receive Manager of anything having just won only my 4th game this year..! Rovers seem to have a hoodoo over Lincoln, they always do well against them 1 Quote Link to comment Share on other sites More sharing options...
In the Net Posted October 13, 2020 Share Posted October 13, 2020 3 minutes ago, phantom said: Rovers seem to have a hoodoo over Lincoln, they always do well against them Not always! I think it was after the play-off game - a group of Gasheads were walking up a lane near the ground, and an old lady stepped out of her back gate and belted one of them around the head with a frying pan. Has to be one of the strangest "weapons" used in fv. 1 6 Quote Link to comment Share on other sites More sharing options...
Sweeneys Penalties Posted October 13, 2020 Share Posted October 13, 2020 1 hour ago, In the Net said: Not always! I think it was after the play-off game - a group of Gasheads were walking up a lane near the ground, and an old lady stepped out of her back gate and belted one of them around the head with a frying pan. Has to be one of the strangest "weapons" used in fv. I approve!! Having been brought up on a Council Estate I once witnessed an old girl chase the local Tory MP down the hill armed with a frying pan....one of the funniest sights I've ever seen 1 Quote Link to comment Share on other sites More sharing options...
Gert Mare Posted October 13, 2020 Share Posted October 13, 2020 Roger Malone says it.....One Team in Bristol <iframe width="560" height="315" src="https://www.youtube.com/embed/4ZwznDHCrwc" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> Quote Link to comment Share on other sites More sharing options...
Red7 Posted October 13, 2020 Share Posted October 13, 2020 (edited) 17 hours ago, Banned User said: Average attendance across the 2 clubs is 28000, they barely get 7000. It's closer to one quarter. Is that why they "prowedly" call themselves "da famous quarterz"? Edited October 13, 2020 by Red7 . 1 Quote Link to comment Share on other sites More sharing options...
Bas's perfect hattrick Posted October 13, 2020 Share Posted October 13, 2020 59 minutes ago, Red7 said: Is that why they "prowedly" call themselves "da famous quarterz"? da infamous quarta Quote Link to comment Share on other sites More sharing options...
JackofromSanJavier Posted October 13, 2020 Share Posted October 13, 2020 19 hours ago, elhombrecito said: That's a very long article that, which includes a lot of brown nosing of Wally and provides sod all new information. Typical Post article really! I read the first three or so paragraphs and started losing focus. This article is crying out for the professional services of @BigTone I suspect............ Quote Link to comment Share on other sites More sharing options...
Bar BS3 Posted October 13, 2020 Share Posted October 13, 2020 8 hours ago, In the Net said: Not always! I think it was after the play-off game - a group of Gasheads were walking up a lane near the ground, and an old lady stepped out of her back gate and belted one of them around the head with a frying pan. Has to be one of the strangest "weapons" used in fv. Good job she wasn't with her grandchildren or she may have received a damn good fondling..! Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted October 13, 2020 Share Posted October 13, 2020 5 hours ago, JackofromSanJavier said: I read the first three or so paragraphs and started losing focus. This article is crying out for the professional services of @BigTone I suspect............ As dad isn't online, I'll stand in. Bugger all is happening! 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 13, 2020 Share Posted October 13, 2020 12 hours ago, Midlands Robin said: It's the attention to detail that's helped Garner get this award. Things like paying attention to the length of the grass on the pitch. Not because it aids his teams passing but so that he can warn his players how likely they are to hurt themselves as they tumble to the ground all over the pitch. They're probably still finding horse shit on the pitch and trying to avoid the slip ups. Quote Link to comment Share on other sites More sharing options...
bcfc01 Posted October 13, 2020 Share Posted October 13, 2020 On 12/10/2020 at 21:07, Rudolf Hucker said: The article was written on 23 June 2020 by James Piercy, the Post’s sports editor and claims to have received 189K ‘likes’, unless I’m reading it incorrectly. It seems that delusion is not confined to the 15ers. The article states “It’s impossible to pinpoint exactly when a deal will be "done" in the formal business sense but a more realistic timeline would appear August, at the earliest.” thus I think that it’s merely a reprint of an earlier article which contained a complete load of bollocks that has never come to pass. Well, he was right. August at the earliest - but could be June 2025, or more likely not at all. Absolutely no way they will get a stadium on that site plus housing, plus giving AlQadi a slice of the cake. Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted October 13, 2020 Share Posted October 13, 2020 So the new ground is a dead duck, the training ground is a tip and the current ground resembles a 1050s camp site. As for the current squad, it looks non league and the manager has won 3 games in god knows how many. The Chairman is a fraud with a nice watch who is more interested in Chelsea' they were losing thousands of £ a week even before the pandemic and the unwashed, contaminated virus spreading fans (sorry, rabble) number around 7,000 at best. That about sums up their current plight. The sprinklers may be championship ready, but everything else looks like somewhere between non-league or extinction. 4 Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted October 14, 2020 Share Posted October 14, 2020 8 hours ago, wendyredredrobin said: So the new ground is a dead duck, the training ground is a tip and the current ground resembles a 1050s camp site. As for the current squad, it looks non league and the manager has won 3 games in god knows how many. The Chairman is a fraud with a nice watch who is more interested in Chelsea' they were losing thousands of £ a week even before the pandemic and the unwashed, contaminated virus spreading fans (sorry, rabble) number around 7,000 at best. And they they still think they can laugh at us. That about sums up their current plight. The sprinklers may be championship ready, but everything else looks like somewhere between non-league or extinction. Added to that for you. 1 Quote Link to comment Share on other sites More sharing options...
wendyredredrobin Posted October 14, 2020 Share Posted October 14, 2020 14 minutes ago, Port Said Red said: Added to that for you. Thanks PSR. Any more offers? Quote Link to comment Share on other sites More sharing options...
East End Old Boy Posted October 14, 2020 Share Posted October 14, 2020 The following has just been lodged at Companies House, can anyone put it into plain English please? Quote Link to comment Share on other sites More sharing options...
City Rocker Posted October 14, 2020 Share Posted October 14, 2020 51 minutes ago, East End Old Boy said: The following has just been lodged at Companies House, can anyone put it into plain English please? Looks like the director(s) plan to convert loan(s) of ~£500k to shares. Writing off debt in exchange for increased ownership/equity in the company, in other words. 2 Quote Link to comment Share on other sites More sharing options...
East End Old Boy Posted October 14, 2020 Share Posted October 14, 2020 45 minutes ago, City Rocker said: Looks like the director(s) plan to convert loan(s) of ~£500k to shares. Writing off debt in exchange for increased ownership/equity in the company, in other words. Which is only a small part of their debt and isn’t a significant amount (to a business!) Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted October 14, 2020 Share Posted October 14, 2020 Yeah, that's how I read it. It authorises a share issue of up to £495.000 in Bristol Rovers (1883) Limited. Quote Link to comment Share on other sites More sharing options...
Rich Posted October 14, 2020 Share Posted October 14, 2020 This loan to shares thing really doesn't make any difference at all, as the person owning those shares has his debt covered by the assets. What it does to the share value as I understand it, is reduce it. That doesn't matter either, if you own them all but, if you only own say 8%, like the supporters club do, then it reduces their value and influence, even if they had no influence on decision making. So, he could increase the shares by 100% and the supporters shares would then be worth only 4% of their current value. That's how I understand it and what has happened at AG over the years. Only benefit to the supporters shares would be if their value increased along with the issue. Someone correct me if I'm wrong but be gentle. Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted October 14, 2020 Share Posted October 14, 2020 2 minutes ago, Rich said: This loan to shares thing really doesn't make any difference at all, as the person owning those shares has his debt covered by the assets. Only if the assets are worth more than all debt, especially preferential...... Not sure this is the case at The House Of Tents. Remember loans MUST have a repayment schedule, including end term (else they aren't loans.) One of the main reasons for converting loan to stock is when there are 'obstacles' in taking out replacement loans. Another option, as with Mr Lansdown, is it's a mechanism to ensure any 'investment' (sic) may eventually be 'written off'. Quote Link to comment Share on other sites More sharing options...
bert tann Posted October 14, 2020 Share Posted October 14, 2020 The shares are 10p each so this new resolution allows the company to allot 4.95 million more shares. In June Mr Al-Quidi said he had swapped the Dwane Sports loan for shares in BRFC 1883 Ltd, which had capitalised the loan, but he hadn't. When eventually the Bristol Post was pressured into confronting the club about this false statement Mr Starnes response was that they first needed to have an AGM to pass a resolution to allot more shares. The AGM took place on September 28th and the resolution was passed but no new shares have been allotted to Dwane Sports and the loan remains in place as does the charge over the Memorial Ground. We constantly hear that Mr Al-Quidi has saved the club by capitalising the debt. But he hasn't. 1 5 Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted October 14, 2020 Admin Share Posted October 14, 2020 45 minutes ago, bert tann said: We constantly hear that Mr Al-Quidi has saved the club by capitalising the debt. But he hasn't. Crikey - don't let the Lemmings on Gaschat hear you use language like that Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted October 14, 2020 Share Posted October 14, 2020 17 minutes ago, phantom said: Crikey - don't let the Lemmings on Gaschat hear you use language like that They already think that @bert tanntann is one of us in disguise anyway, therefore they will discard anything he says as another example of our apparent jealousy. 1 Quote Link to comment Share on other sites More sharing options...
Rich Posted October 14, 2020 Share Posted October 14, 2020 32 minutes ago, BTRFTG said: Only if the assets are worth more than all debt, especially preferential...... Not sure this is the case at The House Of Tents. Remember loans MUST have a repayment schedule, including end term (else they aren't loans.) One of the main reasons for converting loan to stock is when there are 'obstacles' in taking out replacement loans. Another option, as with Mr Lansdown, is it's a mechanism to ensure any 'investment' (sic) may eventually be 'written off'. Any preferential debt would be to HMRC or a bank, correct? As he's the main lender, I'm sure the tented rugby ground has a worth more than the debt owed to himself, which is an inflated self incurred debt anyway. So the only other preferential debt would be HMRC, if anything was owed. An obstacle to taking out a replacement loan would mean having another party with a charge on the asset, so he wouldn't do that, would he? The picture as I see it is, he owns all the assets and has spent money to acquire those assets, charged interest on that money spent and increased a fictional debt. It would only go tits up for him if the value of his assets decreased, which it would appear aint happening at the moment. And the day to day running costs increased, which is probably happening at the moment, which is probably giving him a nervous indigestion problem. Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted October 14, 2020 Share Posted October 14, 2020 45 minutes ago, Rich said: Any preferential debt would be to HMRC or a bank, correct? As he's the main lender, I'm sure the tented rugby ground has a worth more than the debt owed to himself, which is an inflated self incurred debt anyway. So the only other preferential debt would be HMRC, if anything was owed. An obstacle to taking out a replacement loan would mean having another party with a charge on the asset, so he wouldn't do that, would he? The picture as I see it is, he owns all the assets and has spent money to acquire those assets, charged interest on that money spent and increased a fictional debt. It would only go tits up for him if the value of his assets decreased, which it would appear aint happening at the moment. And the day to day running costs increased, which is probably happening at the moment, which is probably giving him a nervous indigestion problem. Not quite. Although those you mention take first dibs there are other forms of registered interest that may take likewise (anything with a charge, for example.) Ditto shares which may be preferential (i.e. must be repaid first - sometimes distinguished A,B,C....) Gas net debt is circa £25m and the freehold and canvas assets are worth nothing of that quantum. If they shut up shop today the present owners would lose money, same as us. Inflating loan fees to self advanced loans has no merit once net assets turn red. Revaluing assets likewise leads to capital gain, hence the reason we went a couple of decades not revaluing AG. You only do so when you must. Business loans are like any other forms of credit taken. Most will understand it's a pain having to fill in all those forms when seeking a loan, credit or mortgage but there is a good reason lenders are required so to do. They first must assure themselves that the entity taking out the credit is in a position to repay. That doesn't mean there's no risk of non-repayment, (that's why charges, arrangement fees and interest rates vary according to any likelihood of default.) Rather, if one lends money in the clear knowledge the borrower is unlikely to be in a position to repay there are solid legal grounds by which the borrower may apply to have such debt written off given they should not have been placed in the position of indebtedness in the first place. That's what I was alluding to. Say Wael's loan (secured against assets) was expiring and he needed to borrow a replacement sum for working capital. It could be commercially difficult (or mega expensive, see their Sainsbury's legal borrowing,) for him to arrange. Should he fund himself and if there's little prospect of repayment then he'd be at the bottom of the creditors pile given he should not have advanced himself monies he knew he couldn't repay. They wouldn't be secured and that's good money after bad. Some folks on here may be aware of the Loan Charge (Rangers players for one,) in which punters instead of taking a salary were paid (or paid themselves,) a loan - no tax or NI arising. The scam was when they loan came to be repaid it instead was written off. HMRC won a landmark ruling in which because they'd demonstrated it was obvious the loans were never to be repaid de facto they could not have been loans. The problem most folks have in grasping the concept of large debt is they think it doesn't count, that it doesn't need repaying. It does and the latter is only true when the owner of the debt writes it off as a loss. Now if you're as wealthy as Mr Lansdown, having monies owed when one dies isn't such a problem as such debt and losses written off are a useful way to reduce any tax burden payable upon death. I fully expect there's a planned element within our creative accountancy that has included such thinking. I also suspect the value of Wael's assets are declining. The property sector isn't great and with Government pretty much giving free reign on planning to developers in an attempt to boost the economy, if anything, freehold prices are likely to drop. Recall there's a shed load of land developers are already sitting on which they thought they could turn a buck on in a growing property market, so whilst short term house prices have held up (bouyed by lower end tax concessions,) that's all going to cease. That land under certain regulations now comes with a 'use it or lose it' series of penalties. Even Sainsbury's sussed that out when pulling out of the Mem deal. 1 Quote Link to comment Share on other sites More sharing options...
weeble Posted October 14, 2020 Share Posted October 14, 2020 4 hours ago, bert tann said: The shares are 10p each so this new resolution allows the company to allot 4.95 million more shares. In June Mr Al-Quidi said he had swapped the Dwane Sports loan for shares in BRFC 1883 Ltd, which had capitalised the loan, but he hadn't. When eventually the Bristol Post was pressured into confronting the club about this false statement Mr Starnes response was that they first needed to have an AGM to pass a resolution to allot more shares. The AGM took place on September 28th and the resolution was passed but no new shares have been allotted to Dwane Sports and the loan remains in place as does the charge over the Memorial Ground. We constantly hear that Mr Al-Quidi has saved the club by capitalising the debt. But he hasn't. In six months time that would be a potential cause for worry. But not two weeks after the resolution was passed. Quote Link to comment Share on other sites More sharing options...
weeble Posted October 14, 2020 Share Posted October 14, 2020 19 hours ago, wendyredredrobin said: So the new ground is a dead duck, the training ground is a tip and the current ground resembles a 1050s camp site. 1950s camp site, I’ll give you. But 1050s? 2 Quote Link to comment Share on other sites More sharing options...
archie andrews Posted October 14, 2020 Share Posted October 14, 2020 40 minutes ago, weeble said: 1950s camp site, I’ll give you. But 1050s? the 1050s would be maybe about right in my book for they idiots.... Quote Link to comment Share on other sites More sharing options...
bristolmoose Posted October 14, 2020 Share Posted October 14, 2020 Sounds about right. 1 1 Quote Link to comment Share on other sites More sharing options...
Lrrr Posted October 15, 2020 Share Posted October 15, 2020 Rovers CEO on SSN saying Leagues 1&2 will need £250m at least, now prem clubs apparently are reluctant to help champ clubs as clubs like us have Billionaire owners and should see their clubs safe themselves, should Rovers rolling in their riches be held to the same standard..... Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted October 15, 2020 Share Posted October 15, 2020 31 minutes ago, Lrrr said: Rovers CEO on SSN saying Leagues 1&2 will need £250m at least, now prem clubs apparently are reluctant to help champ clubs as clubs like us have Billionaire owners and should see their clubs safe themselves, should Rovers rolling in their riches be held to the same standard..... They need that money to continue the folly they've constructed these past decades. There is a much easier and cheaper solution. Have the whole EFL enter an agreed CVA putting the owners at the bottom of the pile and start from scratch. Establish an agreed wage and sustainability structure. Not good for players, managers, agents and hangers-on but best for fans and football. Handouts will only line the pockets of those who've ruined the game. 4 Quote Link to comment Share on other sites More sharing options...
Peter O Hanraha-hanrahan Posted October 15, 2020 Share Posted October 15, 2020 1 hour ago, Lrrr said: Rovers CEO on SSN saying Leagues 1&2 will need £250m at least, now prem clubs apparently are reluctant to help champ clubs as clubs like us have Billionaire owners and should see their clubs safe themselves, should Rovers rolling in their riches be held to the same standard..... 6th richest club in Britain apparently....that’s what their belter fans were saying. Talked about waving fivers at other L2 clubs fans when they came to the Mem. Utter ******* pounders. They don’t need any financial help, in fact, Rovers should be sharing some of their vast wealth around the lower divisions. It’s only fair. 1 2 Quote Link to comment Share on other sites More sharing options...
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