' BRISTOL Rovers have revealed plans to leave the Memorial Stadium for a new £40-million, 20,000-seater ground. The club has entered into a unique partnership with the University of the West of England – and the new stadium will be built next to the university's Frenchay campus and be named "The UWE Stadium". Club chairman Nick Higgs said Bristol Rugby Club, which currently shares the Memorial Stadium, would be invited to share the new ground. The club will lease the land from Bristol UWE, which bought it from Hewlett Packard three years ago. Part of the deal would be for the new stadium to provide a 1,270-space car park for the university. The parking spaces could also be used by football fans for evening and weekend games.' So partnership means ground share, they will lease the land from UWE, who purchased it from Hewlett Packard, so they are still tenants, they pay rent.. Sainsburys are proposing to buy the Memorial Ground from The Memorial Stadium Company, which is owned by Geoff Dunford, he in turn is the landlord of Bristol Rovers, so if Rovers rent the current ground, where is the money coming from for the new stadium if they are to stay debt free.? They will get nothing from Sainsbury, Dunford will get all of the Sainsbury dosh..
"They will get nothing from Sainsbury, Dunford will get all of the Sainsbury dosh.." Wishful thinking on your part Wiz, but quite wrong as you well know. Bristol Rovers are not renting the UWE stadium. UWE are providing the land, Rovers are building the stadium. The key word here is partnership - not tenant, or lease, P-A-R-T-N-E-R-S-H-I-P. All sounds like sour grapes because we'll get a shiny new stadium for at least 3 years before you will. Good luck with yours by the way, just to show the sour grapes is just one way!!
' Part of the deal would be for the new stadium to provide a 1,270-space car park for the university. The parking spaces could also be used by football fans for evening and weekenIn addition, the club would provide teaching facilities at the new stadium for students taking media studies and other courses. Mr Higgs said: "The partnership between the club and the university provides a synergy of use which helps everyone and which means this is a privately- funded scheme without any public money at all.' ' Mr Higgs said: "The sale of the Memorial Stadium to Sainsbury's is part-financing the scheme and therefore it would be the enabling development which would allow the new stadium to be built.' "This is what we as a club have been striving towards for many years – to have the finances in place to construct a purpose- built stadium to help get the club moving back in the right direction." Three statements from Higgs, which although cleverly cloaked in gobble- de- gook language say's, " The stadium is only partly financed by Sainsbury money, it's going to be privately financed and extra funding is required to provide a 1,270-space car park for the university and teaching facilities at the new stadium for students taking media studies and other courses. " That's means you lease the land and will have to borrow money for stadium and development works.. P-A-R-T-N-E-R-S-H-I-P yes between the landowner and leasee (An individual or a corporation who has the right of use of something of value, gained through a lease agreement with the real owner of the property),all which means you are still a tenant and will engage a load of debt from privately funded schemes.. All Higgs own words, no sour grapes, I want you to have and enjoy your new stadium but cut out all the crap about having no debt, you will be up to your ears in it... http://www.thisisbristol.co.uk/Come...tory-12737415-detail/story.html#axzz2KgfBiToG
Wrong wiz. No point in me though in proving it as you will ignore it and me like usual anyway. So i'll save my time. But carry on though as its all amusing to me. Echo baldees words, good luck to you reds on your stadium plans either AV or AG
Wiz, No crap to cut. By 2015-16 we will have our own stadium and will be debt free. No debt, no tenancy. Stadium part-funded by Sainsbury's, part-funded by the directors. Not difficult to understand.
You rent now, you have no real asset value and are currently running a debt of £6m plus, your new facility will cost £40m plus, only part funded by the Sainsbury money which will be paid to the Memorial Stadium Company, how you are going to get that money out of Dunford, I don't understand, anyway, according to you your directors are going to part fund the remaining balance, £20m plus say, they will be owed this money by BRFC, who will have to carry the debt... BRFC lease the ground on which the stadium will stand from UWE and will owe the balance of debt for the building cost to it's directors or private finance schemes, now assuming you are correct and you will pay off this £20m to £25m debt with-in 3 years, you are still going to have to pay the lease. Your current business operation can hardly fund your current debt of £6m, so how in heavens name are they going to clear off a £20m to £25m plus debt in 2 years..? You are a leasee / tenant and will be severely in debt unless you've got a sugar daddy up your sleeve. It's a well known fact that Bristol City are £40m in debt and losing money every year, your lot have been banging on about our debt and how we owe it to Lansdown and him being the owner guarantees our debt, you are correct, we are safe but we still owe him the money, therefore it's our debt.. However you word it you can't avoid it, you will have debt..
A logical discussion and I am insulted by blue thicko's , I don't think they like me very much, do I look worried......
i didnt insult you. but you are obviously worried about it all to make a point about it just saying like after all, if you werent worried, why ignore a certain persons nice friendly PM's? why ignore a certain persons comments? why am i asking these questions when you will only ignore them anyway? love you wiz ps, i accept your apology for calling me a thicko yes i know you havent said sorry as you wont reply to me... but i know deep down you are sorry, so i accept
I'm thinking about building a house on some waste ground up the road from me. I reckon i might get planning permission but I haven't got any actual money! Whats Fink, is it a goer?
That's what happens when you engage in a discussion with "gasheads" I hope their mods take note about their members responses the next time their feathers are ruffled on their forum by ours.... We can take it, onwards and upwards, no threats, no bans and no fuss......
