[Archived] Rovers Sold ??

[mike at picture]

David Dein has sold his Arse shares to some Russian oligarch for £75m.

I seem to remember something about him wishing to remain involved in football. Certainly knows his stuff.

[EwoodGlory]

It looks like Dein is one of the Directors of 'Red and White' the company he sold his shares to, he is very much still involved at Arsenal

[USRoverME]

"'zat izzzz an ooootrage, zis talk of zee David Dein, he vould not be involved zif such violent criminals azz zat Blackburn" -- Arsene Wenger

[philipl]

Besides which David Dein has a glowing character reference from Cheshire Blue.

[Fife Rover]

Have you found out who the other bidders are ? are they foreign investors ?

Well I heard it was a consortium of retired chip shop owners from Gt. Harwood and Ossie ( actually the Hyndburn Fish Fryers Association).

[tcj_jones]

I really like the sound of a management buy-out. I'd be intrigued to hear more about it.

[RevidgeBlue]

How about this for a suggestion.........................Management Buyout anyone?

Just came to mind, I have absolutely nothing to back it up.

That notion has to be the biggest non starter of all time.

Where is the money going to come from?

Plus it would be a licence for the current incumbents to pay themselves what they wanted and make themselves virtually unsackable.

[Cheshireblue]

All of this talk of a buyer/buy out etc is all just hot air. The Trustees will not sell the club to anyone that has to raise debt to buy it. They can't as the trust deed precludes it. Who ever buys us has to be filthy stinking rich with cash assets and very deep pockets, otherwise the Trustees cannot sell the club. They have to act in the clubs best interests and so the only way they can sell is if the buyer is better placed to fund the club and make it succeed than they are.

Given that the assets of the trust are somewhere between £800m - £1bn it would take somebody extremely wealthy to come along and buy it off the trustees. Nobody that is scraping around for £40-£50m is going to float their boats.

As for Hemmings/Whelan - Hemmings is probably going to buy Wigan Rugby League club, not the football club. Whelan therefore would not be in a position to buy Rovers, and frankly hasn't got enough cash anyway.

Hemmings is wealthy enough but is pretty much a died in the wool PNE fan and is far more likely to pump money in there than here.

[BrianPotter]

All of this talk of a buyer/buy out etc is all just hot air. The Trustees will not sell the club to anyone that has to raise debt to buy it. They can't as the trust deed precludes it. Who ever buys us has to be filthy stinking rich with cash assets and very deep pockets, otherwise the Trustees cannot sell the club. They have to act in the clubs best interests and so the only way they can sell is if the buyer is better placed to fund the club and make it succeed than they are.

Given that the assets of the trust are somewhere between £800m - £1bn it would take somebody extremely wealthy to come along and buy it off the trustees. Nobody that is scraping around for £40-£50m is going to float their boats.

As for Hemmings/Whelan - Hemmings is probably going to buy Wigan Rugby League club, not the football club. Whelan therefore would not be in a position to buy Rovers, and frankly hasn't got enough cash anyway.

Hemmings is wealthy enough but is pretty much a died in the wool PNE fan and is far more likely to pump money in there than here.

Fully agree with you Cheshire, I've posted before saying that is what I also believe to be the case. Even if the Trustees wanted to sell the club they couldn't unless the sanctions set out in the deeds of the Trust were met.

This is more than likely why things are taking so long.

[bonerdude]

so is there any more news on the takeover or is there still a stony silence from the rovers board.....now the transfer window is shut i hope this can now be resolved so we can move forward

[John]

All of this talk of a buyer/buy out etc is all just hot air. The Trustees will not sell the club to anyone that has to raise debt to buy it. They can't as the trust deed precludes it. Who ever buys us has to be filthy stinking rich with cash assets and very deep pockets, otherwise the Trustees cannot sell the club. They have to act in the clubs best interests and so the only way they can sell is if the buyer is better placed to fund the club and make it succeed than they are.

Given that the assets of the trust are somewhere between £800m - £1bn it would take somebody extremely wealthy to come along and buy it off the trustees. Nobody that is scraping around for £40-£50m is going to float their boats.

As for Hemmings/Whelan - Hemmings is probably going to buy Wigan Rugby League club, not the football club. Whelan therefore would not be in a position to buy Rovers, and frankly hasn't got enough cash anyway.

Hemmings is wealthy enough but is pretty much a died in the wool PNE fan and is far more likely to pump money in there than here.

If you look closely at John Williams comments, what you are saying is correct. It has to be someone very rich to buy our club, so lets not worry too much about it, its in Jack's will.

[roversmum]

God Bless Jack

[Paul]

That notion has to be the biggest non starter of all time.

Where is the money going to come from?

As I said it was just a notion. As for the money if the DW, Glazier etc can go out and raise debt to buy football clubs I see no reason why the Rovers management wouldn't be able to from much the same sources.

I love the term "raise debt" no one borrows money anymore!

[-foreverrovers-]

obviously jack died years before the boom in foreign investors coming into the prem,he obviously had the foresight to see what would happen and probably predicted this trend.

isnt it just so 'jack walker' that he is still looking out for the club he loves from beyond the grave.

i obviously see what he did for the club,but not being from the area,iv never really truely appreciated just what rover ment to him,but if ever i needed an example it is how he has set the t's and c's out in the trust that if we are to be taken over it will be to someone who cares about the club in a way similar to what he did.

one love.

one jack walker.

[BlueMonday]

Nicko, any truth in the rumour that the deal with D.W. is off? The info comes from the friend of friend of a friend..(Who works down at Brockhall) so I'm sceptical myself.

[BlueMonday]

Nicko, any truth in the rumour that the deal with D.W. is off? The info comes from the friend of friend of a friend..(Who works down at Brockhall) so I'm sceptical myself.

Sorry for quoting myself, but could do with a yay or nah on this. Spoke to him again this evening and he's confident the deal with DW is off ?!

[modes98]

Ah great. Does that mean that rovers are confident on the other deal? or has Danny boy just decided he can't be bothered to wait?

[nicko]

Sorry for quoting myself, but could do with a yay or nah on this. Spoke to him again this evening and he's confident the deal with DW is off ?!

Confident because...?

[AggyBlue]

And is there still a second party interested?

[BlueMonday]

Confident because...?

You should understand I'm not saying I have inside information here. But someone I know, knows someone down at Brockhall, who is saying that the deal with DW is off. Can't vouch for the source of the info or its reliability, just wondered if this is what you've heard?

Could very well be BS.

[nicko]

You should understand I'm not saying I have inside information here. But someone I know, knows someone down at Brockhall, who is saying that the deal with DW is off. Can't vouch for the source of the info or its reliability, just wondered if this is what you've heard?

Could very well be BS.

No probs - just curious as to what the state of play is.

There SHOULD have been a result at the end of August, but there isn't.

So I am more than puzzled.

Looking for clues...as everyone else is.

Ask yer man if he knows why.

[Sparky Marky]

You should understand I'm not saying I have inside information here. But someone I know, knows someone down at Brockhall, who is saying that the deal with DW is off. Can't vouch for the source of the info or its reliability, just wondered if this is what you've heard?

Could very well be BS.

Well....my cousins dogs best mates owner reckons that .....blah blah blah....

:ph34r:

[BlueMonday]

Well....my cousins dogs best mates owner reckons that .....blah blah blah....

:ph34r:

When I require your wisdom I'll direct my questions to you. Send my regards to your cousins dog BTW.

[Fife Rover]

Think I might nip down to my local bank and "raise a debt" myself and then phone John Williams with a bid. Anyone fancy chipping in?

How many shares can I have for £2.50?

[rovers_rob]

John Williams was on radio lancs tonight talking about the takeover, basically they are still talking to potential investors and there is no imminent deal. Looks like this is going to drag on.