[Archived] Rovers Might Have Been Sold?

[Blue n White Rover]

To be fair Hughesy does get good titbits and I know he wouldn't come here saying something just for the sake of it.

Thanks for the info, mate.

please tell them to get their arses in gear and sort it out asap.

GAME HAS BEEN CALLED OFF

[booth]

GAME HAS BEEN CALLED OFF

Eh?

[Brfcrule1]

care to enlighten us blue n white rover has the takeover been called off? or are we still in negotiations with Mr Shah?. thanks.

[Tom]

It was a joke, Hughesy became infamous for Telling people that it was official that a game was called off when at the time it wasn't.

It later was though so no real harm done but the board was a warzone for an hour or so

[67splitscreen]

..........

[booth]

It was a joke, Hughesy became infamous for Telling people that it was official that a game was called off when at the time it wasn't.

It later was though so no real harm done but the board was a warzone for an hour or so

Thanks for the explanation

[Brfcrule1]

Nicko any news in Tommorrow's people regarding any movement on the takeover/players coming in/going out anything interesting, also do you have any clues on players on the wish-list if we come into money? Thanks.

[philipl]

Six weeks remain before the transfer window closes.

Being realistic, I think where we are now probably means supporters should forget about chucking any take over into the formulation of transfer activity in this window.

There are such things as unexpected bonuses but you don't spend them before they are in the bank account.

[Bobby G]

True. I also doubt we would go in for anyone unless its an emergency in January. So whatever this season brings on will be due to anything the Trust makes available right now.

[keyzer80]

Indian entrepreneur closes in on Blackburn deal

[TimmyJimmy]

Most interesting lines for me are :

... deal is set to be valued at between 35 and 45 million pounds including debt ...

the businessman approached brokers in London about buying a club in the English game's top flight and settled for Blackburn because of its growth potential

How much did Philipl say the debt amounted to? Kind of get the impression that the Trust are playing with a straight bat here and not trying to scalp the market for all they can get. Jack would be impressed in that case.

[Fraserkirky]

hopefully this will get sorted this week.

[BPF]

Looks to be heading towards being final...

(Awaits someone explaining why this means nothing and why it's not going to happen....)

[ada2020]

Looks to be heading towards being final...

(Awaits someone explaining why this means nothing and why it's not going to happen....)

Yeah I'm waiting for them to emerge too

[philipl]

Most interesting lines for me are :

... deal is set to be valued at between 35 and 45 million pounds including debt ...

the businessman approached brokers in London about buying a club in the English game's top flight and settled for Blackburn because of its growth potential

How much did Philipl say the debt amounted to? Kind of get the impression that the Trust are playing with a straight bat here and not trying to scalp the market for all they can get. Jack would be impressed in that case.

The club has a bank facility of £21m if I remember correctly but the precise amount of debt obviously varies month to month depending on cash flow. The payments from the broadcast deals come in chunks through the season whilst the payroll gobbles up around £2m every month. If I remember correctly, debt was forecast as being in the £15m to £20m range at the 30 June 2010 year end. There is also the £5m debt owed to the Trust separate from the bank figure.

If we are close to the end of the Trust's ownership, I believe we will see they most certainly have not scalped the club.

However, it is too early to talk of a deal and there are many things that can still go wrong.

[nicko]

There are no quotes but the fact that the buying price is a bit bigger than expected suggests there is a lot of validity in the article.

There must have been some delay and that would clearly be over the buying price. Hopefully there is a compromise.

The key point is...are they at the due diligence stage? If so, then it is a big possibility. If not, they are just talkers and leakers.

[67splitscreen]

You would hardly expect quotes, NDA??.

[PAFELL]

There are no quotes but the fact that the buying price is a bit bigger than expected suggests there is a lot of validity in the article.

There must have been some delay and that would clearly be over the buying price. Hopefully there is a compromise.

The key point is...are they at the due diligence stage? If so, then it is a big possibility. If not, they are just talkers and leakers.

Did not the article say that they have reached due diligence, subject to anominity?

[nicko]

You would hardly expect quotes, NDA??.

It wasn't a criticism, just an observation.

The key part for me is that it is MORE than they thought they would have to pay.

That explains the painful delay of the past few weeks.

I think there is a time-scale here - there has to be - and this story tells me that there may be some hope of a resolution.

[Veevs]

Blackburn, like Shah's hometown of Mumbai, was largely built on the success of its cotton spinning industry. The city lies about 20 miles (34 kilometres) from Manchester in northwest England.

Ahh yes the city of Blackburn...

However the article does look to have some more detailed information that sounds about right..

Does seem to imply though with comments of growth potential that they are treating it as a business rather than a flagship.. that might be a scary proposition in the long run but at least his Uncle has helped make a success of the IPL.

[67splitscreen]

Sorry Nicko, should have put a wink or something on the end.

I was just stating that it would be foolish for someone directly involved, to be quoted.

[philipl]

"The deal is set to be valued at between 35 and 45 million pounds including debt, the source added, without elaborating."

That is taken from the article.

If nicko's version that the Trust wanted £25m for the club is correct, then that equates to £35m to £45m including debt and the price has not changed.

It says nothing about investment moving forwards which is the only thing most supporters are interested in.

[67splitscreen]

"The deal is set to be valued at between 35 and 45 million pounds including debt, the source added, without elaborating."

That is taken from the article.

If nicko's version that the Trust wanted £25m for the club is correct, then that equates to £35m to £45m including debt and the price has not changed.

It says nothing about investment moving forwards which is the only thing most supporters are interested in.

Surely the last thing we want is, someone leaking that we will have X amount for new player's. I assume that is what you are referring too.

[philipl]

Surely the last thing we want is, someone leaking that we will have X amount for new player's. I assume that is what you are referring too.

No just pointing out there is no reference to investment so supporters should take that at face value and not assume that the take over will automatically lead to transfers in.

[doctorryan]

The contents of the article were at the discretion of the reporter(s), not the consortium looking to buy Rovers Phil.