Deleted
Joined: January 1970
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Post by Deleted on Feb 24, 2016 18:08:34 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. I'm not odd - my mother had me tested. I imagine there are quite a lot of us with a handful of shares dating from, I think there were at least two, share issues in which people chipped in*. Plus maybe some historic or one-off issues. Along with the SC, we're the 8%. Why bother buying us out? They've bought out the substantive interested parties, and they've trotted off. It would be interesting to know what (the equivalent of) those shares have recently changed hands for, though. * (before realising it was just a way of financing the existing largest owner, who had an aversion to the idea of sharing or inclusivity but kept running out of money to support his ownership; not that major involvement was what I was expecting when I signed up, but it galls when, having thought you were just doing your bit for the common good and all that, you get the opposite from all pulling together, but I digress)
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Deleted
Joined: January 1970
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Post by Deleted on Feb 24, 2016 18:19:24 GMT
This kind of gets filed along with the 'how much is he worth'? (I.e how much can we get?) issue.
It's what happens with the funds invested (or sourced) that matters - just as it did before. The last lot were appalling at making the most of the resources available. Frankly, if we're choosing to use a valuable piece of land in a prime location as a training ground, when far cheaper options are available, just because we can, nothing's changed (except the amount of resource being squandered).
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Post by nickchippenhamgas on Feb 24, 2016 18:30:13 GMT
I hear what people are saying, some degree of caution about the way ahead, let's see what they do before we herald this new board, but bugger me if I think they won't build the UWE but instead purchase up surrounding houses and cobble together some sort of super mem? Max capacity 20,000 if we're lucky, plus being able to park anywhere near the place, it's bad enough with 7 or 8,000!!! If they go down the "wait and see the land value go up on the Mem" and they abandon the UWE we could be looking at another 3 maybe 4 years before any things done, some on here are prepared to wait at a packed mem, rather than have a "state of the art" facility in a great location served by two train stations and close to the motorway, if the new owners go down the aforementioned route then I would lose all respect for them, because you can't polish a turd!!!
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Post by nickchippenhamgas on Feb 24, 2016 18:39:33 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. 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. On the radio last Friday I'm sure the mention was All debts have been cleared, we are debt free......I'm sure I heard that??
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Post by CountyGroundHotel on Feb 24, 2016 18:46:03 GMT
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. On the radio last Friday I'm sure the mention was All debts have been cleared, we are debt free......I'm sure I heard that?? As someone who has a banking connection I can't imagine the Wonga loan will be around at that interest rate a moment longer than it legally has to be.
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Deleted
Joined: January 1970
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Post by Deleted on Feb 24, 2016 18:51:22 GMT
On the radio last Friday I'm sure the mention was All debts have been cleared, we are debt free......I'm sure I heard that?? As someone who has a banking connection I can't imagine the Wonga loan will be around at that interest rate a moment longer than it legally has to be. That was only part of the debt, though.
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Post by CountyGroundHotel on Feb 24, 2016 19:18:25 GMT
As someone who has a banking connection I can't imagine the Wonga loan will be around at that interest rate a moment longer than it legally has to be. That was only part of the debt, though. And the rest due to ex-directors, which I'm sure will have been settled or cancelled as part of the deal(because why would you leave yourself exposed to them?), and a possible future debt to Sainsbury's (still up for debate).
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Feb 24, 2016 20:33:24 GMT
The issue of what happens to the Mem post 'new stadium at another location' could be a troublesome one. However turning it into a training complex is a great idea and would probably tick a big box as a Community Asset, reduce the objections locally from local residents, accord with local councillors and maintain its use as a sporting facility. You could also if there was sufficient land to do it build houses to be used as temporary accommodation for players families until they either move on or choose to buy their own thus further maintaining the sporting connection with the Memorial Ground. There would be nothing to stop the Memorial Gates remaining where they were.
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Post by singupgas on Feb 24, 2016 20:34:19 GMT
A version of the UWE stadium is the best option for our long term future, the mem site is ideal size for training complex id imagine.
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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 20:51:01 GMT
As nice as that sounds the Mem is probably going to be sold as prime real estate to cover some of the cost at UWE. These guys are bankers. Not going.to just throw money.away
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Post by gasheadpirate on Feb 24, 2016 20:53:25 GMT
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. I'm not odd - my mother had me tested. I imagine there are quite a lot of us with a handful of shares dating from, I think there were at least two, share issues in which people chipped in*. Plus maybe some historic or one-off issues. Along with the SC, we're the 8%. Why bother buying us out? They've bought out the substantive interested parties, and they've trotted off. It would be interesting to know what (the equivalent of) those shares have recently changed hands for, though. * (before realising it was just a way of financing the existing largest owner, who had an aversion to the idea of sharing or inclusivity but kept running out of money to support his ownership; not that major involvement was what I was expecting when I signed up, but it galls when, having thought you were just doing your bit for the common good and all that, you get the opposite from all pulling together, but I digress) There were two. The second one was where existing shareholders were give the opportunity to double their shares but of course it diluted the amount the Share Scheme had as the Supporters Club could not afford to do that. I think it was at the time KS left the Board. I doubled my shareholding to 40, so based on 8.5m shares there are a number of noughts after the decimal place to reach my percentage owning of the club!
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Post by CountyGroundHotel on Feb 24, 2016 21:47:47 GMT
We've just been purchased by, hopefully, knowledgeable businessmen and people seriously think they are going to cover £10-15m worth of land with plastic grass? I'm pissed but obviously not as pissed as some posting on here. Realistic training grounds cribbs, I'll throw in the PBA club at Shire. Anymore sensible suggestions appreciated . PS College Green isn't big enough
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Post by singupgas on Feb 25, 2016 8:47:43 GMT
I don't mind what he does with the mem site as long a potential new ground isn't there. Academy can be built elsewhere. As for the site being worth 10-15, It only worth what you build on it.
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,255
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Post by kingswood Polak on Feb 25, 2016 9:52:57 GMT
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. But they did and they did lol. I very much doubt that we will have the inner circles cliques now though & that can only be a good thing, no ? I am hoping we have owners that feel they can share a little more and who understand that speculation doesn't help. I feel quietly confident but not ebullient
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Feb 25, 2016 10:32:50 GMT
I think they are in discussions with the UWE as they want to buy the land and some land alongside the stadium site. I also think the ground will be built with the 26000 capacity rather than the 21,000. This makes sense not because we need more seats but it is cheaper to build it in one go rather than as an "add on". Plus it is in the present planning. Owning the free hold allows the club to borrow against it, and we could sell the naming rights. I think that if the UWE doesn't come off then we will get another site in South Gloucs rather than in BCC land. Of course a ground on Filton Avenue would have been good but I understand that the price of the land there was huge. And BCC always had plans to build a zillion house there. I think that the other 2 strips of land are for retail outlets and a hotel, the top floor ready to house the Presidents family when they come to watch the Gas. Whatever happens I believe we will finally have a ground to be proud of. If only we hadn't sold Eastville. That land must be worth a fortune now
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LPGas
Stuart Taylor
Joined: May 2014
Posts: 1,240
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Post by LPGas on Feb 25, 2016 10:38:43 GMT
As for the Mem. I think that the only option is for housing. There are 2 ways to go about this. (1) Build as many "units as possible on the land along with a tennis court, or (2) build some "exclusive" housing complete with a "David Lloyd" type sport facility, thus overcoming the ground having to have some "sport on it". Complete with electric gates and CCTV to keep out the riff raff.
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