[Archived] Rovers Sold ??

[Roversider]

Fascinating discussion, roll on the Due Diligence when we will start to find out who the buyer(s) might be.

I don't believe that the Trust would sell just to make money, that's the point of a Trust, to protect something in line with the wishes of the benefactor. Jack showed his loyalty before and now, after his death. So unless the trustees want to spit on his memory they will be doing this for the good of the club.

Whatever happens lets all remember how much we owe Uncle Jack and raise a glass (and continue to do so) to his memory. Thanks for letting us all share in the same, blue and white dream (sheds grateful tear and gulps down spirits).

So where next? I've no idea where this journey will take us but I won't be getting off just yet. If there is a local guy involved I would be even happier.

At least the news seems to be positive unlike down the road at Eastlands, if an American took them over it would turn out to be Freddie Kruger!

[John]

I said this in my previous post, but when talking about investment around 3 months ago, JW said they would need someone very, very rich to buy the club. The trustees are in no rush to sell the club.

This would be so we can keep moving forward and consistenly finish in the top six and break into the top four. It would be very hard to find someone but that is the only way we can move onto the next level.

Bearing his comments in mind, the investor(s) are going to be a very wealthy individual/group.

[Krillin]

If Mr Hubert is involved, then he does have some experience in attempting to buy into a football club.

He also does appear to know American (based?) money men.

....and a lot closer to home than we would, perhaps, have thought.

[Parasyte]

A mate of mine with no sense and no tact said he "knew" it was Ted Koppel, simply because he was born in Lancashire... hehe.

Still, just as likely as any takeover, IMO, weather the Trust want it or not. I dont see it happening. I know with no debts and 99.8 of the club in one partys hands its attractive, but I'm sure there are clubs above us in potential that would appeal to a mans wallet far more.

[thenodrog]

you can stick your lancashire united up your backside, that will be the end of me watching football

Crikey! I wouldn't mind betting that t'jobs off then! That single statement will shake Wall Street to it's very foundations gazsim!

[tcj_jones]

I'm really getting enthusiastic about this. From what the club and the press have been saying, we are likely to get the right kind of people investing in the club, as opposed to asset strippers or anybody looking to make a quick sale, and the deal could be struck very soon indeed. I'm really curious as to who is fronting the deal.

[Parasyte]

Anyone got any good reports or anything on previous rich-leagues pros and cons and what went wrong? NASL went south, and I remember hearing Serie A nearly followed suit. On a smaller scale, did the J-League also shoot itself in the foot with massive cash injections?

Just my curious, nagging, doubting side speaking out loud.

[RevidgeBlue]

Just had a call from someone I know who write's for "Insider" magazine, he tells me that the deal to buy Rovers is almost complete, he said that the person who is fronting the deal is local, he isn't sure if that local person has backing from other foreign parties. I have no reason to doubt this information as he is really well connected.

I think you broke the "exclusive" a few seasons ago that we were signing Ferguson for 10m and twelve months ago you said you had a source who had reliably told you we were after signing both Bent and Defoe.

I think I would would prefer not to take the word of someone who appears to be a pure attention seeker and will wait for some reliable information. Why would someone who writes for that particular publication have any inside info?

Either that or Simon Garner's column pays a damn sight more than it used to in my day.

[bob fleming]

I think you broke the "exclusive" a few seasons ago that we were signing Ferguson for 10m and twelve months ago you said you had a source who had reliably told you we were after signing both Bent and Defoe.

I think I would would prefer not to take the word of someone who appears to be a pure attention seeker and will wait for some reliable information. Why would someone who writes for that particular publication have any inside info?

Either that or Simon Garner's column pays a damn sight more than it used to in my day.

Bit harsh that Rev - he's only telling us what he's heard. I also recall that on more than one occasion he's been first with the news. Just take it as a rumour.

While we're wildly speculating - could it be Ray Ranson ? Relatively local, he's from St Helens he was recently looking to buy Man City but pulled out when he sobered up.

Surely he's one of the favourites with the bookies?

[Guest Kamy100]

I think you broke the "exclusive" a few seasons ago that we were signing Ferguson for 10m and twelve months ago you said you had a source who had reliably told you we were after signing both Bent and Defoe.

I think I would would prefer not to take the word of someone who appears to be a pure attention seeker and will wait for some reliable information. Why would someone who writes for that particular publication have any inside info?

Either that or Simon Garner's column pays a damn sight more than it used to in my day.

Hey mate you need to take a chill pill.

I am only posting what someone who works for a finance magazine and is well informed on these types of matters told me.

As for "attention seeking" that is laughable, I would hazard to say that what I have read from your posts in the last 18 months has led me to believe that you are an "attention seeker". Anyhow I am not going to get into an argument with you, this is a messageboard and the last time I checked we were allowed to post rumours/information. If you don't like what I post then I suggest that you use the "ignore function".

[Ricky]

Ta for the heads up kamy.

Was going to say that Rev must have got out the wrong side of bed, but he posted it last night lol.

Keep posting what you hear.

[Ninjathunder]

Hey mate you need to take a chill pill.

I am only posting what someone who works for a finance magazine and is well informed on these types of matters told me.

As for "attention seeking" that is laughable, I would hazard to say that what I have read from your posts in the last 18 months has led me to believe that you are an "attention seeker". Anyhow I am not going to get into an argument with you, this is a messageboard and the last time I checked we were allowed to post rumours/information. If you don't like what I post then I suggest that you use the "ignore function".

Don't worry about it. I got slated for breaking this story and I'm still waiting for those who had a pop to eat humble pie but I expect I'll be waiting forever.....

[Eddie]

Bit different tooting. I'll just clarify as to why. We were all aware of the fact that the club was "for sale" and that negotiations had taken place, JW has said this several times over the past few months. You "broke" a story that the club would be sold within the next couple of days and it didn't happen, the fact that a story later emerges that the negotiations may have progressed doesn't exactly prove you to be correct. If the club is sold in 6 months time it won't prove that Kamy was right, his source will only been shown to be right if something happens relatively soon. I don't have a problem with it, if people do have genuine information about something then I would like them to post it, if it turns out to be wrong it isn't a big deal.

[SouthAussieRover]

Bit different tooting. I'll just clarify as to why. We were all aware of the fact that the club was "for sale" and that negotiations had taken place, JW has said this several times over the past few months. You "broke" a story that the club would be sold within the next couple of days and it didn't happen, the fact that a story later emerges that the negotiations may have progressed doesn't exactly prove you to be correct. If the club is sold in 6 months time it won't prove that Kamy was right, his source will only been shown to be right if something happens relatively soon. I don't have a problem with it, if people do have genuine information about something then I would like them to post it, if it turns out to be wrong it isn't a big deal.

Tis strange but the first time I realised we were up for sale was when Tooting created this thread.

As Eddie was aware of the initial story then all can say is "who am I to argue" that the opposite is true.

[USABlue]

I hope we get this sorted soon. I'd hate to do a West Ham, they finished in a similar position to us and had all this speculation and look what happened to them. Only the FA bending their own rules saved them.

[benhben]

I hope we get this sorted soon. I'd hate to do a West Ham, they finished in a similar position to us and had all this speculation and look what happened to them. Only the FA bending their own rules saved them.

But West Ham will be pushing for a top 5 finish next season. Id put money on it. You would want Rovers to challenge at the top wouldnt you.

[John]

But West Ham will be pushing for a top 5 finish next season. Id put money on it. You would want Rovers to challenge at the top wouldnt you.

Knee-jerk reaction is it not?

No they won't - I will put money on it. We have Hughes.

[RevidgeBlue]

Hey mate you need to take a chill pill.

I am only posting what someone who works for a finance magazine and is well informed on these types of matters told me.

As for "attention seeking" that is laughable, I would hazard to say that what I have read from your posts in the last 18 months has led me to believe that you are an "attention seeker". Anyhow I am not going to get into an argument with you, this is a messageboard and the last time I checked we were allowed to post rumours/information. If you don't like what I post then I suggest that you use the "ignore function".

The LT has already informed us that the Trustees hope a takeover will take place by the beginning of August. So we already know a takeover is more likely than not. It depends what you mean by "almost complete" - strangely enough the LT states that the due dilligence hasn't even taken place.

A poster on here has already passed the opinion some while ago that former director Walter Hubert may be involved.

So in my view, you're just recycling information already in the public domain and trying to pass it off as your own exclusive scoop. Exactly as you did by recycling stuff from the internet prior to the Ferguson signing. Only you got caught out on that occasion because the price was wrong.

When the deal does go through, if it is in fact fronted by a Blackburn figure not previously mentioned I'll tip my hat off to you and be the first to apologise.

I would just say that Tooting's case was totally different, he very bravely divulged information that was completely fresh and got absolutely flamed for it but about a week later a story appeared in the LT backing it up.

[joey_big_nose]

I think you broke the "exclusive" a few seasons ago that we were signing Ferguson for 10m and twelve months ago you said you had a source who had reliably told you we were after signing both Bent and Defoe.

I think I would would prefer not to take the word of someone who appears to be a pure attention seeker and will wait for some reliable information. Why would someone who writes for that particular publication have any inside info?

Either that or Simon Garner's column pays a damn sight more than it used to in my day.

Um, thats well out of order. Kamy is quite a rare poster and he has a good record of providing infomation ahead of it becoming public knowledge. He is far less guilty of blabbing pointlessly and endlessly on than you, me and a couple of dozen other posters that come instantly to mind.

[RevidgeBlue]

Um, thats well out of order. Kamy is quite a rare poster and he has a good record of providing infomation ahead of it becoming public knowledge.

Such as?

[Roversider]

The LT has already informed us that the Trustees hope a takeover will take place by the beginning of August. So we already know a takeover is more likely than not. It depends what you mean by "almost complete" - strangely enough the LT states that the due dilligence hasn't even taken place.

Rev, the reality is that a Due Diligence Audit, something I have taken part in on both sides - buying and selling, is critical but usually occurs after there has been the major part of the decision making. It's used to check the veracity of the sellers books and dig out any unseen issues, sometimes the offer is withdrawn but more often ends up with fine-tuning the offer price downwards. A bit like having a survey done on a house you are about to buy.

So I'm assuming both parties are approaching a letter of intent stage if they are not already there. As it has been inferred that there are several interested parties the process will take a little longer.

A commited due diligence could be completed in 3-4 weeks.

On that basis I would expect something towards the end of July, doubt if they can keep a lid on it longer than that if an August handover is to be believed.

[AggyBlue]

Such as?

Give it a rest.

[mike at picture]

I've wiki'd Walter Hubert with no luck. I'm sorry I cant be arsed trawling the thread so excuse my ignorance - who is this gadge anybody?

[RevidgeBlue]

I've wiki'd Walter Hubert with no luck. I'm sorry I cant be arsed trawling the thread so excuse my ignorance - who is this gadge anybody?

A former Director from the 70's and 80's to the best of my recollection.

Thinking back as to my vague memories of how he looked back then with the huge square thick rimmed glasses he must be VERY old by now?????

[RevidgeBlue]

Give it a rest.

Sorry.

The proof of the pudding will be in the eating on this. If a takeover does indeed occur fronted by a local figure it's superb information from Kamy. If not............well I've already given my view.