[Archived] Rovers Takeover

[1864roverite]

The Indian link is to get a monopoly of tv revenue. It would be huge to get a Premiership owner to over see the digital tv revolution in media circles in that part of the world. It is going to gross some big bucks when it comes.

VH are the leaders in cell development, in particular for 3rd world countries it is massive. That company will be a global success if they corner that market.

[den]

are they on wiki?

[RibbleValleyRover]

are they on wiki?

http://en.wikipedia.org/wiki/V_H_Group

Came across a couple of articles talking about their recent Bangladesh launch:

Indian poultry giant launches in Bangladesh

India's poultry giant sets foot in Bangladesh

Indian poultry giant Venkateshwara Hatcheries Group, which began its operations in Bangladesh yesterday, looks to bring in state-of-the-art technology to the poultry sector here.

The $650 million conglomerate, which claims to be the largest fully integrated poultry group in Asia, says the company plans to replicate its Indian success through revolutionising the poultry sector in Bangladesh.

"Our aim is to bring the state-of-the-art technologies of poultry farming to the doorsteps of the common rural farmers of Bangladesh," said VH Group's Joint Managing Director

B Venkatesh Rao in his speech.

The three-decade-old company, which boasts an 85 percent share of India's poultry market, will produce broiler and layer feeds under the brand name 'Venky's', through Uttara Foods and Feeds Private Ltd, one of its major concerns.

[47er]

In summary-----it looks as if the Syed bid has hit the rocks, exactly as Sam told us weeks ago. Would explain why Shah stuck around. That leaves us with 2 substantial millionaires rather than the billionaires we hoped for. I can't see HV making a go of it if they truly "only" make a profit of 7M a year and Shah has never even suggested he could put money into the club on anything like the same basis promised by Syed Ali.

So after months of anguish, its not looking great is it?

So to Plan B---a "return" to the Trust? Philip has said that "could" be viable, let's hope so. If so a significant change of some sort is urgently required.

[modes98]

I work for a global company, our website is ###### as well

I know websites can be awful but the accounts look pretty shabby as well. Not to mention the photos which look quite old. I went on linked in and they have 61 employees on the site of which 3 or 4 have publically viewable profiles. I hope they are rich and are legit but it just all seems strange.

Where is Pip when you need accounts looking over!

[chaddyrovers]

Nicko Sunday People article

http://www.people.co.uk/sport/football/news/2010/10/17/chicken-company-vh-group-targets-blackburn-rovers-in-shock-takeover-deal-102039-22639706/

[Tom]

I see Nicko couldn't resist adding a few puns in there, sadly it just leaves a fowl taste in my mouth.

[BPF]

I can confidently say that people high up in Rovers are saying that this bid has the highest chance of success so far, just trying to find out why. Can I make it totally clear that my sources are not through this board.

[67splitscreen]

Nicko dont give up the day job, wit is not your forte.

[Wing Wizard Windy Miller]

I can confidently say that people high up in Rovers are saying that this bid has the highest chance of success so far, just trying to find out why. Can I make it totally clear that my sources are not through this board.

good work fella

I see Nicko couldn't resist adding a few puns in there, sadly it just leaves a fowl taste in my mouth.

If they are good prospective owners, we'll no doubt find some way to COCK it up..

[Iceman]

I hope if they do buy us, that they dont chicken out

[bluebruce]

The Indian link is to get a monopoly of tv revenue. It would be huge to get a Premiership owner to over see the digital tv revolution in media circles in that part of the world. It is going to gross some big bucks when it comes.

VH are the leaders in cell development, in particular for 3rd world countries it is massive. That company will be a global success if they corner that market.

Sounds like a terrible time for them to invest in a football club then, frankly! If they've sense they'll concentrate their funds on cornering that market.

Already we're seeing great disparity in figures being bandied around for this group. Most suggest £250 million a year turnover, which seems small to me for a company with an 85 percent share of the Indian poultry market, in addition to other apparent ventures. I mean, that's a LOT of chicken. If it's true that they got £7 million profit on that market share, I'm confused.

I also think we should stop the chicken puns.

[philipl]

I don't know anything about the motivation and intentions of VH, whether it is the company or the family who are the prime movers or what numbers are involved.

I have only looked at the accounts very briefly and there are two entities- the public Venky's and the shareholding VH. Venky's looks to be a rare combination of being cash generative, profitable, well balanced and strongly growing. The accounts look very old fashioned in their presentation and it could be the solid values they exude that has attracted the approval of the Trust and Rovers.

As has been pointed out, they are moving into some very high tech areas but one figure that caught my eye was their 85% Market share in India in their core business. My reaction to that is wow and a combination of wondering why they don't make higher profits balanced by recognizing that such a Market share is vulnerable to more fleet footed opponents and regulatory intervention.

The other eye catching aspect is that the two key figures are both ladies.

Will be interesting to see how this progresses, not least because remarkably they are now by far the lead contender to acquire the Rovers.

[imy9]

I'm no financial expert but the profit figure in the accounts was 31 crore which works out at around 240 million plus pounds sterling, this is not the revenue.

couple of questions, nicko, you say in the article that this could be concluded in two weeks and that vh group may make an announcement next week, is this still on track to happen?

Bpf-you said syed was still on course, are you still thinking this way or kamy's article the most recent set of developments?

[chocky]

I hope we don't end up with egg on our face. Owned by chicken farmers. Well as long as they have funds.

[Bobby G]

The patrons of the business seem a little bit old school and I would be surprised if either have a hands on role in the business today. But I could be wrong.

[Kelbo]

Whatever happens here is going to change the clubs direction, I personally feel that some of the prospective purchasers have given the Trust one or two ideas which they may feel is viable for the Trust themselves, if the chicken farmers do take over, I can visualise the headlines, ROVERS COCK A HOOP OVER TAKEOVER

[Mattyblue]

over the last few years, we have remained in the league, been to cup semi finals, continued to be competitive in the wages we pay, kept losses and debts to a manageable level and have a good management team in place.

Has the Trust realised that funding the club and piecemeal improvement on the pitch does not take vast sums?

[jim mk2]

Sounds a cock and bull story to me.

Having chicken famers as owners would be quite a coop but as with all these takeovers aren't they just businesspeople looking to feather their own nest ?

Admittedly this is a chicken and egg situation in that the club cannot progress without investment but the Portsmouth saga shows foreign owners are not necessarily all they're cracked up to be and going into administration isn't anything to crow about.

The Trust should terminate discussions now. Two failed takeovers is one thing, but a third failure would be beyond a yoke.

[nicko]

I have to say this is one of the oddest stories I have had to work on for some time.

But the bottom line is that there seems to be a chance of this happening.

Nobody from VH or the club were denying it when I checked it on Friday.

There could be a very good reason why this group are interested - we know very little about them, so there could be a pleasant surprise in there.

I believe there is a time-line to all bids just now. If there is no result by the end of the month I think the Trustees will get hands-on again.

The fact they have been considering that for some time [see Mirror story last Monday] tells me it is a very real option.

However who knows what will be unearthed in the VH Group's background.

For all of the giggles about their chicken feed background they seem to be pretty serious business people.

Big bucks, as someone said...

[Brfcrule1]

oh please stop all the chicken and egg puns my sides are close to splitting & certainly not at this time of the morning when everyone is prob. still having breakfast. I have to conclude yes that website,accounts, pictures look shabbily put together but there should only be 2 questions needed does this group have the funds to complete the purchase? & to check out whether this guy's money is on the level apart from that if he is worth what he says he is & he wants to put it into Rovers we should be happy that he wants to do it & so long as he signs the clauses that ties him into long investment in the club then that's fine by me & so long as he is properly checked out by the relevant people then that will be ok. Also people going on about carrying on with the Trust if there is no sale my next question so then why is S.Shah still in the race to buy the club I thought he was the last resort buyer in case all other bids fail he would be the last option so it begs the question why is he still hanging around surely that would amount to wasting his & our time?. So surely not selling is not an option unless I have missed the point. Surely also I know it would not be by much but surely S.Shah would be able to support & maintain the club better than the Walker Trustees surely they can see this?.

[philipl]

I am hearing all three of the previous front runners are out of it.

My guess is that Shah failed for not having enough cash to be able to support Rovers long term.

[USABlue]

I can only see this lot putting in a poultry amount of cash.

[unclejack28]

I Have asked my Granddad who lives in Pune and knows the VH group owners well .This is what he has told me. I don't know how much of it is on the net or not as I haven't been bothered to look.

1. The Main Boss Venky died about 20 years ago since then the company is taken over by a guy called balla

2. Balla throws the biggest new years parties in Pune, very hard to get tickets for and very exclusive

3. About 10 years ago they wanted to invest 10 crores rs into a temple in balaji they wanted to have a guest house near the temple as well. The govt did not allow them to have any land near the temple to make a guest house so they did not invest however they build their own temple in Pune. This temple is an exact replica of the one in Balaji. In Balaji they charge you to pray and the food, the temple they made in Pune is free of cost.

4. They are of south Indian Origin

5. They have about 85-90% market share in Chicken Poultry in India

6. Approx 8-10 Cr Rs goes to charity every year.

Again I don't know how much of this is common knowledge or why the want to buy Blackburn but its whatever I know.

[chaddyrovers]

Is VH group the indian mystery group? So Syed Ali, Shah are out? who is the third group?