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DemonUK

Nahaboo

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Why dont tgey offer the fans shares? Like all the employees at John Lewis have a share in the company. We would all own a miniscule amount of rovers then lol :-D

They have done I've got A and B shares, had them years, some pre 1997

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The land is as valuable as the income it is generating All we here is we have land will the next generation of Fev fans be saying we are ok we have got land we should look how this land can produce income for the club without selling it People continue to come on here and try to explain that it's safe but then someone else decides to put the spanner in the works All who are worried will be able to ask the chairman next Wednesday the one who a lot of people verbally attacked last year at the Swinton match and forgot to turn up when he made himself available at the fans forum What people need to do is continue to support this club and all the people that are prepared to put money in because without those people we would be in trouble We have been lucky for the last 4 year and the people involved made that happen some decisions were made by the same people over the last 12 months and it has set us back but if we all stick together instead of looking for things that are not there we will be back and together we will be stronger roll on Sunday and lets get back to winning ways

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Will it ever be buildable land Mark? Not worth a fortune otherwise

 Brown land with NCB owned bore holes in it. That's why nobody showed interest in the past. Since the allotments have been paased for building and the big demand for building land I reckon now the NCB has gone and our land is adjacent to the allotments that it would be easy peasy to get planning. The big question is why are anonymous investorsa interested ina small town club unless they get some return. The idea that they are benevolent people with an interest in the Featherstone club is a load of codswallop. Why should they be? The reason they are in the club is to take it over so we have no say in the development. For crying out loud. I reckon with planning we are looking at a value of £15 million. To sell without planning would be suicide. Lease the land after planning, retain ownership and get a return on the developments.

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 Brown land with NCB owned bore holes in it. That's why nobody showed interest in the past. Since the allotments have been paased for building and the big demand for building land I reckon now the NCB has gone and our land is adjacent to the allotments that it would be easy peasy to get planning. The big question is why are anonymous investorsa interested ina small town club unless they get some return. The idea that they are benevolent people with an interest in the Featherstone club is a load of codswallop. Why should they be? The reason they are in the club is to take it over so we have no say in the development. For crying out loud. I reckon with planning we are looking at a value of £15 million. To sell without planning would be suicide. Lease the land after planning, retain ownership and get a return on the developments.

if these people don't put money in Col, where does that leave us. if faisal pulled out now, what position would we be in. genuine question

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I need to chip in with a share. If I ever come into redonkulous amounts of money i'd buy Rovers and pump money into it as if it were my home. Need to win euro.

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I wonder if anyone has just straight up asked Faisel what the end game is. Because I want to believe that he his doing this through passion and our community has softened his heart. If so then we are truly blessed. If not then we aren't surprised.

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Regarding the land, and whether it would get planning permission: Shouldn't the people of Featherstone, even those who don't support Rovers, have a say in this?

I would have thought it was their views that mattered, and the views of local councillors, rather than those representing the wider WMDC area? A few years ago independant local councillors were elected over the swimming baths issue. Maybe it's time that planning permission for the land owned by Rovers became an election manifesto?

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if these people don't put money in Col, where does that leave us. if faisal pulled out now, what position would we be in. genuine question

 Same as Cas when he pulle3d out there. We could get planning on the land, lease the land out and ally the lease payment to the building and renting. You seem to say that because money has been put in then we have to do as he says without quibble. Probiz have made their money out of commissions from introductions to people who make big money from his schemes. I reckon this is one of them. In a message at the outset of this topic it was said that our chairman is no longer in overall charge. No doubt we will find out on Wednesday who is. We would be in a worse position if we sold land cheap and expenditure exceeded income. We would then end up with no money and no land. Softly softly and look at all the details before we vote is my opinion. Think I have said enough. We are all Fev supporters (75 years for me), and we should not be at each others throats. I am just pointing out the possible dangers and how we should not take everything at face value. See you OR.

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 Brown land with NCB owned bore holes in it. That's why nobody showed interest in the past. Since the allotments have been paased for building and the big demand for building land I reckon now the NCB has gone and our land is adjacent to the allotments that it would be easy peasy to get planning. The big question is why are anonymous investorsa interested ina small town club unless they get some return. The idea that they are benevolent people with an interest in the Featherstone club is a load of codswallop. Why should they be? The reason they are in the club is to take it over so we have no say in the development. For crying out loud. I reckon with planning we are looking at a value of £15 million. To sell without planning would be suicide. Lease the land after planning, retain ownership and get a return on the developments.

 

TBH Colin there is a lot of speculation in what you've posted.

 

Planning permission and land reclassification is never "easy-peasy". If it was so desirable as building land how come nobody has ever made a move on it? Nobody has ever offered ROvers money for it?

 

People are dubious about Feisal. Fair do's. But a man who has made his money from tax and investment now wants to build houses in Fev on brown belt land? And the best way to get that land is to buy rugby league players for the club? Seems very far-fetched.

 

If (and its a huge if) the land was developed for property, how would the club retain ownership of the land? Paying a construction company to build the houses, then rent them out? So the club would become a property developer? Really?

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Perhaps all the above posts are just speculation, has an investor you buy shares at a low price. money invested then may get us into super league, where the share price rises and then sold for profit , may be i am being speculative

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may be he is very rich, may be can afford to put money into something he can make a success off ,and be very proud of his achievement, i hope so, good luck with your rugby league ambition at featherstone Mr Nahaboo, i for one am glad your on board many thanks

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TBH Colin there is a lot of speculation in what you've posted.

 

Planning permission and land reclassification is never "easy-peasy". If it was so desirable as building land how come nobody has ever made a move on it? Nobody has ever offered ROvers money for it?

 

People are dubious about Feisal. Fair do's. But a man who has made his money from tax and investment now wants to build houses in Fev on brown belt land? And the best way to get that land is to buy rugby league players for the club? Seems very far-fetched.

 

If (and its a huge if) the land was developed for property, how would the club retain ownership of the land? Paying a construction company to build the houses, then rent them out? So the club would become a property developer? Really?

 

Look up 'Passive Income' Mark. Overlooked opportunity, those who want, and those who have. Then take my cut. Passive Income earners don't do the work they pass on opportunites to speculators. Your second point. Lots of land is leasehold. We enter an agreement with a builder on the basis that they are given a long term lease to build on our land and we share the income. Nothing is as far fetched as someone investing money in any org and not expecting a return. Perhaps you would like to explain that.

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Look up 'Passive Income' Mark. Overlooked opportunity, those who want, and those who have. Then take my cut. Passive Income earners don't do the work they pass on opportunites to speculators. Your second point. Lots of land is leasehold. We enter an agreement with a builder on the basis that they are given a long term lease to build on our land and we share the income. Nothing is as far fetched as someone investing money in any org and not expecting a return. Perhaps you would like to explain that.

 

I don't need to look it up, I understood exactly what you were suggesting and counter-suggest that it's not likely. There is no planning permission for building, no real need for the housing. Im really not sure if the club has the will, expertise or necessity to beome a property developer.

 

FN has his motives of course, which none of us are privy to. There is plenty of speculation out there which suggests that why he's investing is much more to do with enhancing what is his core business, which would make sense.

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Your point about why didn't they just bid for the land. They would have to pay the full price in the open market. Control the club and get it at a discount. I never suggested Rovers should become a property developer but to lease the land instead of selling it. You're wrong about the housing the allotments alongside the ground have already been sold to a builder and around 250 houses and buildings are in the pipeline. Our land, as I have already said our land is alongside. There could even be a scenario where we are told to sell the land or the investment dries up. God forbid but all I want to do is to warn the 'A' shareholders of the possible pitfalls and not get carried away with sprats to catch a mackrel. The other point was why hasn't it been sold before or suggested. As I have already said it was brown land with NCB owned bore holes on it seaching for coal seams. Now no mining or NCB that hurdle is easily overcome. The development of the allotments eases the planning permission on ourland. I hope that clears up the points youmade. Of course this is still not certain, but something is happening and we must be prepared. I could envisage a future with a minimalamount of capital, no land and expenditure more than income if we don't tread carefully. Cheers

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My apologies for the poor typing. Still recovering from the eye op.

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Your point about why didn't they just bid for the land. They would have to pay the full price in the open market. Control the club and get it at a discount. I never suggested Rovers should become a property developer but to lease the land instead of selling it. You're wrong about the housing the allotments alongside the ground have already been sold to a builder and around 250 houses and buildings are in the pipeline. Our land, as I have already said our land is alongside. There could even be a scenario where we are told to sell the land or the investment dries up. God forbid but all I want to do is to warn the 'A' shareholders of the possible pitfalls and not get carried away with sprats to catch a mackrel. The other point was why hasn't it been sold before or suggested. As I have already said it was brown land with NCB owned bore holes on it seaching for coal seams. Now no mining or NCB that hurdle is easily overcome. The development of the allotments eases the planning permission on ourland. I hope that clears up the points youmade. Of course this is still not certain, but something is happening and we must be prepared. I could envisage a future with a minimalamount of capital, no land and expenditure more than income if we don't tread carefully. Cheers

 

Fair play Colin, I take what you're saying and accept your call for vigilance.

 

I hadn't heard about the 250 house development that is already taking place, so as you say, possibilities must be there.

 

With regard to lease-holding rather than free-holding, I'm not sure how common that is with modern developments. Would the small annual leasehold payments really be better than what would be a large lump sum for building land?

 

Im not sure how the scenario where A shareholders are forced to sell the land cheap occurs. Presumably the club would be strapped for cash and then what? Sell the land to the very same person/people responsible for putting the club in that state? The club could just apply for planning permission and put it for sale on the open market, should the need arise, could  they not?

 

I still don't see planning permission as ever that easy. There are always hudles to overcome. A covenant on the land may be just one thing.

Im not going to disagree with you when you say the club should be careful with what they do.

 

Have you seen the current value of the land as a written down asset in the club's accounts?

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Col, i am useless when it comes to financial matters, but like Mark, i agree we need to be vigilant. but at the moment we have people who are willing to invest in our club, and we desperately need that investment, so we have to proceed with caution, but can we really turn those investors away.? i think not.

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If our land has NCB bore holes scatterd around it let's just sink a new shaft and open it up as a new pit we'v got enough ex miners as fans to run it

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Fair play Colin, I take what you're saying and accept your call for vigilance.

 

I hadn't heard about the 250 house development that is already taking place, so as you say, possibilities must be there.

 

With regard to lease-holding rather than free-holding, I'm not sure how common that is with modern developments. Would the small annual leasehold payments really be better than what would be a large lump sum for building land?

 

Im not sure how the scenario where A shareholders are forced to sell the land cheap occurs. Presumably the club would be strapped for cash and then what? Sell the land to the very same person/people responsible for putting the club in that state? The club could just apply for planning permission and put it for sale on the open market, should the need arise, could  they not?

 

I still don't see planning permission as ever that easy. There are always hudles to overcome. A covenant on the land may be just one thing.

Im not going to disagree with you when you say the club should be careful with what they do.

 

Have you seen the current value of the land as a written down asset in the club's accounts?

 The way I see it Mark is that in leasehold the land is still ours and the value will increase over time. The lease payments would be continual and the land is still ours. A lump sum is ok but if expenditure exceeds income it slowly disappears and then you have no land. We could sell the land as a club for the true sum provided the 'A' share holders don't pass a resolution selling it at less than market price, hence the plea for caution. The figure in the balance sheet will be the historical one. I reckon 17 acres of the land with planning will be around £15million. The danger is to sell cheap without planning at what looks like a reasonable figure. Time will tell. I followed on from Rovers Forever's remarks. With 40 years commercial experience 20 of which was in Leeds I have seen such pitfalls. These words are only cautionary ones for 'A' shareholders who may not have such experience. I say this as a Fev lad with Rovers interests at heart. My caution arose recently when I read that Mark was no longer in overall control. We don't know these anonymous investors so treading carefully is the orderof the day. We have also to keep in mind Capital Gains. Keep smiling

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If our land has NCB bore holes scatterd around it let's just sink a new shaft and open it up as a new pit we'v got enough ex miners as fans to run it

 Your on the first shift. It is afternoons 2 to ten pm. No leisure time for you.

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Col, i am useless when it comes to financial matters, but like Mark, i agree we need to be vigilant. but at the moment we have people who are willing to invest in our club, and we desperately need that investment, so we have to proceed with caution, but can we really turn those investors away.? i think not.

 I am not thinking of turning investors away OR. I am saying let's be cautious and not be taken in. If the land goes cheap the investors have spent nothing. Now that Mark is not in control I am just saying don't just take the options offered without looking deaply into any alterations. Especially keep in mind we are dealing with ananonymous people.

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Spelling and typing rubbish seeing double from time to time. See you. Col

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 The way I see it Mark is that in leasehold the land is still ours and the value will increase over time. The lease payments would be continual and the land is still ours. A lump sum is ok but if expenditure exceeds income it slowly disappears and then you have no land. We could sell the land as a club for the true sum provided the 'A' share holders don't pass a resolution selling it at less than market price, hence the plea for caution. The figure in the balance sheet will be the historical one. I reckon 17 acres of the land with planning will be around £15million. The danger is to sell cheap without planning at what looks like a reasonable figure. Time will tell. I followed on from Rovers Forever's remarks. With 40 years commercial experience 20 of which was in Leeds I have seen such pitfalls. These words are only cautionary ones for 'A' shareholders who may not have such experience. I say this as a Fev lad with Rovers interests at heart. My caution arose recently when I read that Mark was no longer in overall control. We don't know these anonymous investors so treading carefully is the orderof the day. We have also to keep in mind Capital Gains. Keep smiling

 

The major problem would be that as leaseholder the club would have a whole range of obligations towards the upkeep of all properties, and that the money from such leases generally isn't that much. I honestly thought lease-holdings were much more common in central london on properties built on the price of Wales or Duke of Gloucester's land with 100 year renerwable leases to home owners. It's an archairc system which more or less works there, but Im sceptical how the club would make that work for new-build property in Fev.

 

Selling without planning on land that emminently could have planning would be a very poor piece of business, but again I don't really see how or why the club would particularly decide to do that now.

 

If the land really is worth 15 million and planning is easy peasy, why don't we sell? No need of outside investment. Take a look at the club's accounts. These are certified annually updated documents listing the club's assets. Whilst I appreciate the huge difference in value between brownbelt and urban land, surely the accounts would reflect this potential value to some extent. The accounts show that the club and all it owns really isn't worth that much money at all.

 

There are also around 400,000 pounds worth of the original share issue of the club left unsold.  Room for manouvre in terms of who controls power if there really is money to be made by someone.

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I've made my points to put 'A' shareholders on alert Mark. As already said any sale would be with the 'A' shareholders permission. I just want it to be right for the club.

We will see in due course which option is taken-if any.

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I've made my points to put 'A' shareholders on alert Mark. As already said any sale would be with the 'A' shareholders permission. I just want it to be right for the club.

We will see in due course which option is taken-if any.

Hope it's for the benefit of the club, it better be. :D

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