[Archived] Rovers Takeover Thread

[den]

New interest from the USA.

From that article:

However, when you consider the club owns 50 acres of freehold land, and intangible assets estimated at £65 million, a valuation of £50m-plus for the trustees’ controlling stake would appear to be entirely appropriate.

Williams added: “I realise the fans sometimes get frustrated about the lack of information, but when we talk to third parties we both have to sign a None Disclosure Agreement.

“On occasions, some of those third parties have made their interest public, but that’s not something we can do because we are bound by the terms of the NDA.”

[j166429]

Just a quick thought, what with all this talk of takeovers and bentley. I was wondering if the Rovers get £17 million for Bentley could this money be used to wipe off the £17 million debt thus allowing the club to be sold at a lower price?

[philipl]

  j166429 said:

Just a quick thought, what with all this talk of takeovers and bentley. I was wondering if the Rovers get £17 million for Bentley could this money be used to wipe off the £17 million debt thus allowing the club to be sold at a lower price?

No, no and no.

Arsenal get £7m of the £17m, the cash would be released for transfers apparently and in my book a debt free company is worth more than one with debts.

[PAFELL]

  den said:

New interest from the USA.

From that article:

However, when you consider the club owns 50 acres of freehold land, and intangible assets estimated at £65 million, a valuation of £50m-plus for the trustees’ controlling stake would appear to be entirely appropriate.

Williams added: “I realise the fans sometimes get frustrated about the lack of information, but when we talk to third parties we both have to sign a None Disclosure Agreement.

“On occasions, some of those third parties have made their interest public, but that’s not something we can do because we are bound by the terms of the NDA.”

I do not believe that there is new interest from the USA - if there was we would have heard about this sometime ago. Only if it has happened this week could it have remained silent. The whole article is an advert

' look we still own the club - if you really want it then it is for sale for £50mill - no discussions until you meet our price - oh but the debt is going up by another £3million as of this season' Basically the trusties via JW are saying put up or stop wasting our time.

Again this is only 'local news' it is not national - it is therefore just a 'public message' to people like Ronnie / Chowdrey or anybody else who may considering buying Rovers. Basically there is NO TAKEOVER IMMINENT. Hence the 'new advert'. It would be more interesting if this article / advert was made nationally - but I do not believe it was.

[den]

  PAFELL said:

I do not believe that there is new interest from the USA - if there was we would have heard about this sometime ago. Only if it has happened this week could it have remained silent. The whole article is an advert

' look we still own the club - if you really want it then it is for sale for £50mill - no discussions until you meet our price - oh but the debt is going up by another £3million as of this season' Basically the trusties via JW are saying put up or stop wasting our time.

Again this is only 'local news' it is not national - it is therefore just a 'public message' to people like Ronnie / Chowdrey or anybody else who may considering buying Rovers. Basically there is NO TAKEOVER IMMINENT. Hence the 'new advert'. It would be more interesting if this article / advert was made nationally - but I do not believe it was.

That whole argument falls down in your first sentence PAFELL. Why would we know everything that's happening in the takeover discussions between the trust and potential buyers? _ Because if Nicko doesn't tell us, it's not happening?

[PAFELL]

  den said:

That whole argument falls down in your first sentence PAFELL. Why would we know everything that's happening in the takeover discussions between the trust and potential buyers? _ Because if Nicko doesn't tell us, it's not happening?

DEN, I wasn't even considering Nicko teling us this or that. Just that it is rare for americans to do things on the quiet like taking over a club. Sounds racist or anti - american, I suppose - but not intending to be. also the timming because of Chowdrey being told he is £10mill short - the trusties NOW putting in more money.

To be honest I hope that there is a genuine interest from the USA or anywhere in taking over Rovers. I am just suspicios of the timming of the mention of american interest.

[yoda]

  philipl said:

No, no and no.

Arsenal get £7m of the £17m, the cash would be released for transfers apparently and in my book a debt free company is worth more than one with debts.

How do you know Arse get that much, has it been published anywhere, just asking

[yoda]

  PAFELL said:

DEN, I wasn't even considering Nicko teling us this or that. Just that it is rare for americans to do things on the quiet like taking over a club. Sounds racist or anti - american, I suppose - but not intending to be. also the timming because of Chowdrey being told he is £10mill short - the trusties NOW putting in more money.

To be honest I hope that there is a genuine interest from the USA or anywhere in taking over Rovers. I am just suspicios of the timming of the mention of american interest.

I would have thought that the right kind of Americans would adhere to the NDA that JW has talked about, the trust are now funding us again and JW points out some of the reasons for the value of BRFC and still you are not happy,

All my life I gave you nothing, still you want more

[RevidgeBlue]

The funding should never have been withdrawn in the first place imo and I'd like to think the fuss kicked up here and elsewhere has played a role in it's restoration, but in light of this news, now is probably not the time to be picking fault.

It's very good news indeed about the 3m p.a. being restored, whilst it probably isn't a hugely significant sum to the Trustees, it's potentially vital to us.

On the basis that transfer fees are usually spread over the life of the contract, it would probably more or less pay for a 6m player on a four year contract earning 30k p.w.

Every year.

That's on top of the extra leeway afforded by the TV money.

Wonder what Mark Hughes would make of today's news?

[MarkBRFC]

  RevidgeBlue said:

The funding should never have been withdrawn in the first place imo and I'd like to think the fuss kicked up here and elsewhere has played a role in it's restoration, but in light of this news, now is probably not the time to be picking fault.

It's very good news indeed about the 3m p.a. being restored, whilst it probably isn't a hugely significant sum to the Trustees, it's potentially vital to us.

On the basis that transfer fees are usually spread over the life of the contract, it would probably more or less pay for a 6m player on a four year contract earning 30k p.w.

Every year.

That's on top of the extra leeway afforded by the TV money.

Wonder what Mark Hughes would make of today's news?

Not much im guessing since City have just spent 18m on someone?

[philipl]

waggy has been presenting the 50% as a fact for ages and nicko gave a detailed confirmation this morning.

Mark Hughes is too busy looking for cake tins to notice what is happening at Rovers.

[yoda]

  philipl said:

waggy has been presenting the 50% as a fact for ages and nicko gave a detailed confirmation this morning.

Mark Hughes is too busy looking for cake tins to notice what is happening at Rovers.

are you training to be a politician? it was a simple question, if you had the answer.

I am reading thru' pages of posts to find out

[den]

  PAFELL said:

DEN, I wasn't even considering Nicko teling us this or that. Just that it is rare for americans to do things on the quiet like taking over a club. Sounds racist or anti - american, I suppose - but not intending to be.

From today's LT:

Williams added: “I realise the fans sometimes get frustrated about the lack of information, but when we talk to third parties we both have to sign a None Disclosure Agreement.

“On occasions, some of those third parties have made their interest public, but that’s not something we can do because we are bound by the terms of the NDA.”

--------------------------------------------------------------------

You really can't state that there is no interest from the USA simply because you haven't heard anything about it.

There's an awful lot of speculation going on around here, that's being taken as fact.

[doctorryan]

  philipl said:

Mark Hughes is too busy looking for cake tins to notice what is happening at Rovers.

  yoda said:

are you training to be a politician? it was a simple question, if you had the answer.

[broadsword]

What the heck is a "None Disclosure Agreement"?

Something to do with nunneries?

[Iceman]

I would actually like to know,is when selling a club,how do they get to the actual price?is it just a rough guess,or do they say we have x amount of players,valued at x amount of pounds.we have a stadium valued at a certain amount,and what other assets etc.is that about right?

[DavidMailsTightPerm]

  RevidgeBlue said:

The funding should never have been withdrawn in the first place imo and I'd like to think the fuss kicked up here and elsewhere has played a role in it's restoration, but in light of this news, now is probably not the time to be picking fault.

Has anyone considered that last year they thought they would sell the club - and therefore it would be only lining the potential buyers pockets. Now they obviously aren't so positive about selling quickly and are placing in the extra money to basically protect their investment.

[FourLaneBlue]

  PAFELL said:

Can somebody post the link to the LET story

This has already been on the Nicko thread but here you go in case you have not see it yet...

Jack Walker trustees restore Blackburn Rovers funding

From that article "According to one Sunday tabloid, Ronnie was only prepared to offer £25 million, which is thought to be well short of the trustees’ asking price"...well thank god we will not have him anywhere near the club then. Only prepared to offer 25mill for a Premiership club! Somebody was after a quick, cheap profit...

[PAFELL]

  yoda said:

I would have thought that the right kind of Americans would adhere to the NDA that JW has talked about, the trust are now funding us again and JW points out some of the reasons for the value of BRFC and still you are not happy,

All my life I gave you nothing, still you want more

I am not saying I am not happy - just at this moment in time I do not believe there is american interest - I hope to be wrong - but AT THE MOMENT I do not believe there is.

Yes you are right - a sound investor doing things the right and proper way would do things confidentially.

[PAFELL]

  den said:

From today's LT:

Williams added: “I realise the fans sometimes get frustrated about the lack of information, but when we talk to third parties we both have to sign a None Disclosure Agreement.

“On occasions, some of those third parties have made their interest public, but that’s not something we can do because we are bound by the terms of the NDA.”

--------------------------------------------------------------------

You really can't state that there is no interest from the USA simply because you haven't heard anything about it.

There's an awful lot of speculation going on around here, that's being taken as fact.

I have not said that there is no interest, but at this moment I do not 'believe' there is. Of course, I hope to be wrong and there is mega interest in Rovers from someone with extremely deep and generous pockets, willing to splash loads of dosh on the team.

I do not believe everything that is printed in a newspaper. Read my earlier post which you commented on, I used the words I don't believe.

[den]

  PAFELL said:

I have not said that there is no interest, but at this moment I do not 'believe' there is. Of course, I hope to be wrong and there is mega interest in Rovers from someone with extremely deep and generous pockets, willing to splash loads of dosh on the team.

I do not believe everything that is printed in a newspaper. Read my earlier post which you commented on, I used the words I don't believe.

It's OK PAFELL, no worries. I was only addressing the point that you based that belief on the fact that we don't know about it.

[PAFELL]

  den said:

It's OK PAFELL, no worries. I was only addressing the point that you based that belief on the fact that we don't know about it.

OK DEN, no worries - we'll see what happens, when or if

[Claytons Left Boot]

Not sure if this has been mentioned yet but SSN have just indicated that in addition to the £3m there will be further funding later in the season. No figure was mentioned for the last bit.

[tony gale's mic]

  Claytons Left Boot said:

Not sure if this has been mentioned yet but SSN have just indicated that in addition to the £3m there will be further funding later in the season. No figure was mentioned for the last bit.

Why couldnt they have announced this while Hughes was still here?!

[Roversider]

  tony gale said:

Why couldnt they have announced this while Hughes was still here?!

Still wouldn't have stopped Hughes moving, unless you could have added another zero.