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Post by alloutofgas on Feb 23, 2016 23:40:02 GMT
Ok, with our new status within the football world, a few questions to ponder. I presume the Mem is now an asset of the new owners. If so, for what it's actually worth as a development site, say £15,000,000, would it be wise to hang on to this prime site within Bristol to be kept for our new training facilities within the community? Wael mentioned how he'd like a state of the art academy and associated add ons. Surely the location and scarcity of development land within Bristol it's imperative to hang on to the Mem? Also, what if all the houses that were built on the training pitches were bought back, demolished and the new stadium was built on the original footprint of the whole Memorial Ground?
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bs14gas
Robin. S. Layer
Joined: May 2014
Posts: 462
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Post by bs14gas on Feb 24, 2016 9:01:04 GMT
Would the footprint available be big enough for any needs other than office/shops?
- stadium: currently ~11k capacity. New stadium plans go up to 37k. We would be constrained to the initial 21k capacity' and even that may not fit and leave enough space for parking
- academy/training: would need to be co-located. Minimum three pitches with all weather and gym facilities. Not enough room.
Sell for housing would be best option?
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,240
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Post by kingswood Polak on Feb 24, 2016 9:11:51 GMT
Would the footprint available be big enough for any needs other than office/shops? - stadium: currently ~11k capacity. New stadium plans go up to 37k. We would be constrained to the initial 21k capacity' and even that may not fit and leave enough space for parking - academy/training: would need to be co-located. Minimum three pitches with all weather and gym facilities. Not enough room. Sell for housing would be best option? Cart before Horse as I see it. I know they say they want to build infrastructure but I think this is way OTT. It would mean people wanting to sell and I very much doubt any compulsory purchases will be accepted. Me ? I am happy to see the team get some time & money spent on it. I would genuinely be happy with staying at a packed mem, with a side doing fairly well. Look at Bournemouth ? EDIT. for the next 2-3 seasons I mean
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,240
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Post by kingswood Polak on Feb 24, 2016 9:23:33 GMT
Would the footprint available be big enough for any needs other than office/shops? - stadium: currently ~11k capacity. New stadium plans go up to 37k. We would be constrained to the initial 21k capacity' and even that may not fit and leave enough space for parking - academy/training: would need to be co-located. Minimum three pitches with all weather and gym facilities. Not enough room. Sell for housing would be best option? But that is surmising we do have somewhere else to go eh. Reading between the lines, I don't feel that confident of UWE going ahead but that is just my gut feel. I think we will probably be at the mem, I will prophesy, until 2018/19. Land & house prices are going up so much that the Al Qaid's can wait and sell for a better price but they will have the likes of Radice and co going at any new plans, all over again. From a long suffering fans perspective then it makes sense to build the UWE and purely because it has the planning in place. I very much doubt the likes of the ITK will be ITK anymore. We will hopefully have more fan contact and meetings but I see an owner who is very much his own man and so will do his own deals. What that means re UWE is pure speculation now. He never once said UWE did he ? He said a new stadium is needed, to progress the club but I have yet to hear him even mention the UWE.
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Post by bluebeard on Feb 24, 2016 14:23:50 GMT
Would the footprint available be big enough for any needs other than office/shops? - stadium: currently ~11k capacity. New stadium plans go up to 37k. We would be constrained to the initial 21k capacity' and even that may not fit and leave enough space for parking - academy/training: would need to be co-located. Minimum three pitches with all weather and gym facilities. Not enough room. Sell for housing would be best option? But that is surmising we do have somewhere else to go eh. Reading between the lines, I don't feel that confident of UWE going ahead but that is just my gut feel. I think we will probably be at the mem, I will prophesy, until 2018/19. Land & house prices are going up so much that the Al Qaid's can wait and sell for a better price but they will have the likes of Radice and co going at any new plans, all over again. From a long suffering fans perspective then it makes sense to build the UWE and purely because it has the planning in place. I very much doubt the likes of the ITK will be ITK anymore. We will hopefully have more fan contact and meetings but I see an owner who is very much his own man and so will do his own deals. What that means re UWE is pure speculation now. He never once said UWE did he ? He said a new stadium is needed, to progress the club but I have yet to hear him even mention the UWE. I agree with you on this KP. The new owners have mentioned they would prefer to purchase the site on a freehold basis but none of us is sure what this means from UWE's perspective. It could be a deal breaker. IMO the only certainties are that the short term future of the club is secure and that the new owners appear to have a genuine desire to take us to a higher level. The extent of their wealth is unclear, the proportion of that wealth they are willing to invest in this project is uncertain and their expectation in terms of seeing some kind of return is unknown. I might be wrong but I dont think too much supporter consultation will be taking place and I don't believe they will leave the Mem as a training ground while splashing out £40m plus in cash on an alternative stadium.
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Post by bluebeard on Feb 24, 2016 14:49:31 GMT
Slightly off topic but it would be very interesting to know how much has already been invested to buy the club. I must admit I found the debt and ownership structure in the June 2015 accounts confusing. It will be interesting to compare the figures @ June 2016 and see whether they give any clue as to how much cash changed hands at take over. As the true value of the Mem is considerably higher than the valuation shown in the accounts, it is possible that the outgoing directors left with a little bonus. However, I would like to think they simply took what they were owed. Given that someone has retained an 8% shareholding it seems likely that not everyone was fully repaid.
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faggotygas
Byron Anthony
Joined: May 2014
Posts: 1,862
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Post by faggotygas on Feb 24, 2016 14:54:07 GMT
Slightly off topic but it would be very interesting to know how much has already been invested to buy the club. I must admit I found the debt and ownership structure in the June 2015 accounts confusing. It will be interesting to compare the figures @ June 2016 and see whether they give any clue as to how much cash changed hands at take over. As the true value of the Mem is considerably higher than the valuation shown in the accounts, it is possible that the outgoing directors left with a little bonus. However, I would like to think they simply took what they were owed. Given that someone has retained an 8% shareholding it seems likely that not everyone was fully repaid. isn't that the supporters club holding?
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Post by bluebeard on Feb 24, 2016 15:08:58 GMT
Slightly off topic but it would be very interesting to know how much has already been invested to buy the club. I must admit I found the debt and ownership structure in the June 2015 accounts confusing. It will be interesting to compare the figures @ June 2016 and see whether they give any clue as to how much cash changed hands at take over. As the true value of the Mem is considerably higher than the valuation shown in the accounts, it is possible that the outgoing directors left with a little bonus. However, I would like to think they simply took what they were owed. Given that someone has retained an 8% shareholding it seems likely that not everyone was fully repaid. isn't that the supporters club holding? Possibly, but if debt has been cleared and the balance sheet is now solvent, you'd expect the share scheme holding to have diluted to the square root of **** all.
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Post by Curly Wurly on Feb 24, 2016 16:10:53 GMT
Ok, with our new status within the football world, a few questions to ponder. I presume the Mem is now an asset of the new owners. If so, for what it's actually worth as a development site, say £15,000,000, would it be wise to hang on to this prime site within Bristol to be kept for our new training facilities within the community? Wael mentioned how he'd like a state of the art academy and associated add ons. Surely the location and scarcity of development land within Bristol it's imperative to hang on to the Mem? Also, what if all the houses that were built on the training pitches were bought back, demolished and the new stadium was built on the original footprint of the whole Memorial Ground? Glue Factory
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Feb 24, 2016 16:18:00 GMT
isn't that the supporters club holding? Possibly, but if debt has been cleared and the balance sheet is now solvent, you'd expect the share scheme holding to have diluted to the square root of **** all. Why would that be?There is no indication of a new share issue so if the SC had 8% prior to the take over then they still have 8% regardless of paying off debts or buying the board out.As for how much changed hands that is between the sellers and buyers and in all honesty nothing to do with anyone else
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Post by otleygas on Feb 24, 2016 16:19:43 GMT
isn't that the supporters club holding? Possibly, but if debt has been cleared and the balance sheet is now solvent, you'd expect the share scheme holding to have diluted to the square root of **** all. I don't think the debt has been cleared. I think the quote was that it will be cleared over time. Secondly, whilst not referring to UWE in name I think they are committed (surely one of the key attractions of the club was that we have PP in place to Bulild) but clearly want to have maximum negotiating power with UWE to renogotiate the deal. Eg. Freehold and additional land.
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Post by bluebeard on Feb 24, 2016 16:31:38 GMT
Fair dos Faggoty, Padstow and Otley! I would still love to know how much the old guard got out with though.
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Post by manchestergas on Feb 24, 2016 17:03:26 GMT
Possibly, but if debt has been cleared and the balance sheet is now solvent, you'd expect the share scheme holding to have diluted to the square root of **** all. Why would that be?There is no indication of a new share issue so if the SC had 8% prior to the take over then they still have 8% regardless of paying off debts or buying the board out.As for how much changed hands that is between the sellers and buyers and in all honesty nothing to do with anyone else I thought the Share Scheme Holding was more like 2 percent now. It had been so diluted down over the years by share issues. I vaguely remember that in the mists of time, but I may be wrong. Interesting to know what the other shareholdings are left if that is the case. I can't see the odd fan share holding adding up to a further 6 percent. Also I have no idea what the Share Scheme Agreement says, but a majority shareholder of 92 percent can presumably 'force' the sale of the minority shareholdings now I presume. What value is that shareholding now, what would the SC do with the money (if much of anything)? It presumably wont be valued at what they bought the shares for? or will it. Should they sit tight as we proceed into the world's new super club. It will be interesting to see how the SC interacts with a very different (and might I say probably more professional) board set up now.
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Post by CountyGroundHotel on Feb 24, 2016 17:12:19 GMT
Slightly off topic but it would be very interesting to know how much has already been invested to buy the club. I must admit I found the debt and ownership structure in the June 2015 accounts confusing. It will be interesting to compare the figures @ June 2016 and see whether they give any clue as to how much cash changed hands at take over. As the true value of the Mem is considerably higher than the valuation shown in the accounts, it is possible that the outgoing directors left with a little bonus. However, I would like to think they simply took what they were owed. Given that someone has retained an 8% shareholding it seems likely that not everyone was fully repaid. isn't that the supporters club holding? I believe it's the supporters club shareholding, why else would Ken & Brian be retained on the board, but also the shareholding of individual fans that have been purchased over the years, this possibly happened so that those individuals didn't get wind of the sale & break the news first.
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Post by CountyGroundHotel on Feb 24, 2016 17:18:06 GMT
Why would that be?There is no indication of a new share issue so if the SC had 8% prior to the take over then they still have 8% regardless of paying off debts or buying the board out.As for how much changed hands that is between the sellers and buyers and in all honesty nothing to do with anyone else I thought the Share Scheme Holding was more like 2 percent now. It had been so diluted down over the years by share issues. I vaguely remember that in the mists of time, but I may be wrong. Interesting to know what the other shareholdings are left if that is the case. I can't see the odd fan share holding adding up to a further 6 percent. Also I have no idea what the Share Scheme Agreement says, but a majority shareholder of 92 percent can presumably 'force' the sale of the minority shareholdings now I presume. What value is that shareholding now, what would the SC do with the money (if much of anything)? It presumably wont be valued at what they bought the shares for? or will it. Should they sit tight as we proceed into the world's new super club. It will be interesting to see how the SC interacts with a very different (and might I say probably more professional) board set up now. They probably can force through the purchase of the remaining shares. To open up a can of worms I'm confident that there will be nothing in the sharescheme agreement that covered the outrageous possibility that the shares could actually be sold or in possibly this case forced purchase. Let alone what to do with the proceeds, who could've imagined that happening?
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
Joined: May 2014
Posts: 4,920
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Post by Peter Parker on Feb 24, 2016 17:22:09 GMT
As the Al-Qadi’s own 92% they can probably force through the purchase of the other 8% of shares but why bother?
They have the power to do anything they want with their shareholding and by keeping the SC around they can portray themselves as being interested in the fans views even if they are not.
So far the initial response/perception of WAQ is that he has a respect for the fanbase and will probably appreciate our input (Not that he ultimately has to do anything we want). I am sure WAQ will be well aware of how other foreign owners have been received/portrayed over here and will probably want to try and keep us onside rather than buying out 8% and taken total control (when he has the power to do what he wants anyway)
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Post by alloutofgas on Feb 24, 2016 17:22:35 GMT
I would imagine those shares have gone from being worthless to being mildly valuable ?
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Post by BrigstowRover on Feb 24, 2016 17:34:59 GMT
And we want a sliding roof, Natch on tap in all the bars, waiter service in the stands, heated seats...
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Post by pilninggas on Feb 24, 2016 17:44:56 GMT
I am surprised there are threads on both forums about turning the Memorial Stadium into a training ground. It's in prime suburbia and if we relocated (UWE with planning permission still has to be quite feasible, despite some posters pessimism) then surely it will be sold for housing. Perhaps the new owners will revisit a redevelopment program (get those 2008 drawings out, though planning permission would need to be obtained once more) if they cannot relocate elsewhere. There is no way we would keep it just for training, no matter how wealthy the owners are, thats just ludicrous.
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Angas
Joined: May 2014
Posts: 2,066
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Post by Angas on Feb 24, 2016 17:53:28 GMT
You would expect that somewhere in one of the Fans' Directors Reports for the AGM they would provide an update on the Share Scheme. Even just a brief mention in passing to show they haven't forgotten how they managed to get their feet under the boardroom table would be something. But no, no thanks for contributions, no total amount raised, no mention of shareholding. Absolutely nothing. If there is anything on the SC website, it's very well hidden.
The most recent figure I eventually managed to track down states that - "The Supporters Club hold just under 5% of allocated shares as we start the 2014/15 season."
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