[Archived] Rovers Takeover: End game ?

[koi]

Dave Whelan was making the point [sadly cut out] that the Walker family were wanting to sell because the club was a financial burden.

When you think of it that way - Jack's relatives are beneficiaries of the mystical Trust after all - then you can see the point.

Nobody asked to be left in charge of Rovers...they were just handed it.

So Whelan is trying to go down the same road and sell to stop his family being left with that similar state of affairs.

I am sure he is a difficult man to work for - but as a football man he is top class. Nobody else has done what he has done. A player and a chairman/owner in all FOUR divisions.

Sometimes you have to be a tough old boot to get it right.

I just don't believe Jack would be happy with what's happened at the club. Anyway...

There's a difference between being a difficult man to work for and a dam right c....I wont go into a rant about Whelan, he's done what he's done and made plenty of cash, that's what he wanted and didn't bother who he stepped-on to get it including his own family. He's not done bad by Wigan RL and is a genuine fan, I'm grateful for that, so I'll say no more.

[rovers_rob]

Another twist in todays LET, Saurin Shah is taking legal advice because he claimed he approached Venky's with the intention of them backing his bid and he is suprised that they have made a move without him !!

It does say he isn't looking to break the bid but he still wants to be part of it and the legal bid will come second to the clubs wellbeing.

AAARRGGHH when is this going to end ??

[XLM]

I was wondering why Wheelan was at the game against Chelsea instead of watching his own team...

Something to do with paying respects to Ronnie Clayton?

I just don't believe Jack would be happy with what's happened at the club. Anyway...

There's a difference between being a difficult man to work for and a dam right c....I wont go into a rant about Whelan, he's done what he's done and made plenty of cash, that's what he wanted and didn't bother who he stepped-on to get it including his own family. He's not done bad by Wigan RL and is a genuine fan, I'm grateful for that, so I'll say no more.

Ask Orrell RUFC club members about him and then stand back!

[dave birch]

Dave Whelan was making the point [sadly cut out] that the Walker family were wanting to sell because the club was a financial burden.

When you think of it that way - Jack's relatives are beneficiaries of the mystical Trust after all - then you can see the point.

Nobody asked to be left in charge of Rovers...they were just handed it.

So Whelan is trying to go down the same road and sell to stop his family being left with that similar state of affairs.

I am sure he is a difficult man to work for - but as a football man he is top class. Nobody else has done what he has done. A player and a chairman/owner in all FOUR divisions.

Sometimes you have to be a tough old boot to get it right.

First up, I've got to admit that I shed a tear when DW had his leg broken in a tackle. To this day,despite all the words written about Dougan, if Whelan had been on the park , the Rovers would have gone close to winning that game.

Nothwithstanding that, he went on and made a fortune, well done. He then made a decision to invest in a football club (or two in his case). When he did this he invested the hopes and expectations of thousands of ordinary people, people that couldn't hope to achieve what he had done. To that extent, that's what Jack did.

At some stage, the emotion has to come to an end. Here we are, with Jack gone, and Dave Whelan exiting, we've arrived at two ends of the same problem; what to do?

For me, it says, even if you have a passion for a team, and you are wealthy, then best to stay clear, maybe put something in, but stay at arms length.

It will all come undone.

After writing all that, I started out wanting to be critical of Nicko's post, but find I'm critical of the people putting money into football.

So where does it lead us? I just don't know.

[koi]

Something to do with paying respects to Ronnie Clayton?

Ask Orrell RUFC club members about him and then stand back!

No, really really don't do that! Even as a devout RL fan what he did there is despicable. Nice training ground now though

[Parsonblue]

Another twist in todays LET, Saurin Shah is taking legal advice because he claimed he approached Venky's with the intention of them backing his bid and he is suprised that they have made a move without him !!

It does say he isn't looking to break the bid but he still wants to be part of it and the legal bid will come second to the clubs wellbeing.

AAARRGGHH when is this going to end ??

Having read the article I think it merely underlines the fact that Shah could only bid for the club with the help of others. His uncle was quoted as saying that they had approached a number of companies in India to be part of the bid. In these circumstances it's no wonder the Rovers had him well down the pecking order (sorry!). With Syed out of the picture, VH is now the only game in town if the Trust want to sell. After twenty years of stabilty under Jack and the Trust we now face an uncertain future - sadly that seems to be the norm for modern day football.

[47er]

Having read the article I think it merely underlines the fact that Shah could only bid for the club with the help of others. His uncle was quoted as saying that they had approached a number of companies in India to be part of the bid. In these circumstances it's no wonder the Rovers had him well down the pecking order (sorry!). With Syed out of the picture, VH is now the only game in town if the Trust want to sell. After twenty years of stabilty under Jack and the Trust we now face an uncertain future - sadly that seems to be the norm for modern day football.

Stability for 20 years-------yes to a great extent but we have had more than a flirtation with relegation several times.

Stability going forward,even short-term-------definitely not.

That's why we have to face all the uncertainties of new ownership------to avoid the certainty of relegation with the old ownership.

[booth]

Another twist in todays LET, Saurin Shah is taking legal advice because he claimed he approached Venky's with the intention of them backing his bid and he is suprised that they have made a move without him !!

It does say he isn't looking to break the bid but he still wants to be part of it and the legal bid will come second to the clubs wellbeing.

AAARRGGHH when is this going to end ??

Read it. Another blot on Venky's or is Shah just trying to piggy back the deal. You've got to give him some credit though, he really wants to be involved with Blackburn Rovers!

[koi]

Another twist in todays LET, Saurin Shah is taking legal advice because he claimed he approached Venky's with the intention of them backing his bid and he is suprised that they have made a move without him !!

It does say he isn't looking to break the bid but he still wants to be part of it and the legal bid will come second to the clubs wellbeing.

AAARRGGHH when is this going to end ??

I can well believe that actually, we knew he had backers and the VH interest came out of the blue. Quite what it all means is anyone's guess.

[Hughesy]

Didn’t Syed say he would pull out if another bidder was better for the club?? Or was that the other one only?

Interesting Shah has only come up with this now – we have been in discussions for weeks, so it just looks desperate to me.

Says he still wants to work with them – To me he seems like an agent, with little money wanting a big firm to bankroll him, so that he can get a large cut.

He said Rovers represented a BIG opportunity….To me, the more involved the more messy it gets & the more people to split any profits between. Id much rather stick with one group.

[PAFELL]

Didn’t Syed say he would pull out if another bidder was better for the club?? Or was that the other one only?

Interesting Shah has only come up with this now – we have been in discussions for weeks, so it just looks desperate to me.

Says he still wants to work with them – To me he seems like an agent, with little money wanting a big firm to bankroll him, so that he can get a large cut.

He said Rovers represented a BIG opportunity….To me, the more involved the more messy it gets & the more people to split any profits between. Id much rather stick with one group.

It was Shah who said that first he could not compete with Syed's money commitment. That he would pull out if a better deal than his came to Rovers. He has said that he wants what is best for the club, therefore if a better offer comes along that it is better than his, then he would let that offer go ahead.

But I have a sneaky suspicion that if the Venky deal does not go ahead for some reason, that Shah may well be the best of the lot. He has always says that he wants what is best for the club, that he cannot compete with the mega bucks of people like Syed. we all want somebody who is best for the club, who won't rip it off etc.

[thenodrog]

the more i think about this takeover,the more i reckon rovers are being shafted by the 'walker trust'.we are selling the club for literally chicken feed,i'd rather rovers stayed as they were than have foriegn investors,plus i would like to know what will happen to the trust fund JACK WALKER set up for the rovers

1. You are not privy to the financial status of the Walker Trust and neither am I or many others for that matter. But you seem to be assuming that their wealth is infinite. Just in case you've missed the news waggy the times and the world have changed, it's possible that the Walkers wealth is not earning what it was a couple of years ago. Two of the Walker staples 1. Airlines are very competative and 2. ownership of industrial / business premises is more of a liability now that business rate is charged whether they have tenants or not. If the trust is not performing as it did then the weakest parts need to be cut off and dispensed with.

2. I'm not sure about your chicken feed comparison. There is talk that Saed offered more than Chicken Georgina and the Paltry brothers. However I can't imagine anybody else outbid the pair of them. I repeat why would any business person worth his salt and with no ulterior motive want to buy BRFC?

3. The Trust Fund is primarily set up for the benefit of Jack and Fred Walkers families and NOT for the benefit of BRFC. You don't appear willing to accept that for some reason. BRFC is simply a part of the overall trust and I understand is now in the portfolio of just one member of the Walker family. Maybe that person is sick of the BRFC business consistently making a loss. I certainly would be thats for sure.

EDIT... just caught up and read the last page in the past few minutes waggy about Whelan not wanting WFC to become a millstone around his kid's neck that BRFC is to Jacks kids. Certainly answers your spiteful comments waggy and adds some credence to my opinions.

[thenodrog]

Article about EPL in Inida

Interesting that 60 million watched the Premier league in India last season!!

Also mentions how its one of the fastest growing sports in india.

"Premier League clubs are professionally managed and run on a business model whereas the Indian clubs don't make money," All India Football Federation (AIFF) vice-president Subrata Dutta told Reuters on Friday.

I think old Subratta is in for a rude awakening soon!

I may be wrong but I seem to rem reading that millions of Chinese were tuning into Prem football on Sky... until Sky tried to charge em £30 per year or similar and they all switched channels.

[thenodrog]

Boo hoo hoo.

Good riddance Ali Boy, many brilliant quotes, no memorable actions.

Does that mean that Adrian Goldberg is owed a few apologies by many on here? I think it does...... but I doubt he'll receive any.

Quite clearly Syed did not meet the requirements assmuedly set up by the Trust to ensure the club is sold to a respectable owner.

At least a few charities profited from his interest in the club.

I can reveal that the Cathedral has cashed the first £25k for the girls choir. Whether they get the £125k total only time will tell.

[S15]

Does that mean that Adrian Goldberg is owed a few apologies by many on here? I think it does...... but I doubt he'll receive any.

Eh? How did you get that from what I posted? Goldberg's report didn't make it impossible for Syed to prove he was the real deal.

[thenodrog]

Ah, we've intentionally given no detail as to what went on with Kamy (or Philip) and in fact, I myself an not in possession of all the facts, but my initial reading of your post lead me to believe you knew something more about it than had been disclosed publicly.

And, by the way, is that the sound of someone drowning in the Med that I hear in the distance...

AHA! Threats to Philip? I knew nothing about this but it's beginning to make sense now!!!

[Kelbo]

Does that mean that Adrian Goldberg is owed a few apologies by many on here? I think it does...... but I doubt he'll receive any.

I can reveal that the Cathedral has cashed the first £25k for the girls choir. Whether they get the £125k total only time will tell.

It really wont have cost Syed any money really, charitable gifts are tax deductable and if he is so wealthy, the money would go to the Cathedral rather than the taxman, assuming of course the tax laws in India are similar to those of the UK.

[47er]

Its pretty boring now the takeover is settled isn't it?

[Al]

It really wont have cost Syed any money really, charitable gifts are tax deductable and if he is so wealthy, the money would go to the Cathedral rather than the taxman, assuming of course the tax laws in India are similar to those of the UK.

I don't know what the tax rates are in India but they certainly aren't 100%. The gifts will cost him money. Can't help thinking that we missed out there.

Incidentally I have little sympathy for the Walker (or the Whelan) beneficiaries. It was Jack's money. He earned it not them. They had it handed to them on a plate. The least they could do was to look after the club that he loved whether or not they shared his enthusiasm.

[BuckyRover]

Its pretty boring now the takeover is settled isn't it?

Very.

Roll on the Ashes

[den]

JW's role will be interesting. I can't see him sticking around if he's not happy with the way the club will be run.

[Balwer]

Roll on the Ashes

Can't wait. If we lose on home soil though I am leaving England forever. I don't think I could stand the humiliation.

[booth]

JW's role will be interesting. I can't see him sticking around if he's not happy with the way the club will be run.

If JW left, who would run the club? I suspect Venky will be watching on (like other foreign owners) from a distance? So day to day they'd either have to bring someone else in. Kentaro?

[Kelbo]

I don't know what the tax rates are in India but they certainly aren't 100%. The gifts will cost him money. Can't help thinking that we missed out there.

Incidentally I have little sympathy for the Walker (or the Whelan) beneficiaries. It was Jack's money. He earned it not them. They had it handed to them on a plate. The least they could do was to look after the club that he loved whether or not they shared his enthusiasm.

If he made for example 7 million and his charitable gifts were 250,000 the tax liability would be based upon £6,750,000!! and not 7 million

[John]

If JW left, who would run the club? I suspect Venky will be watching on (like other foreign owners) from a distance? So day to day they'd either have to bring someone else in. Kentaro?

Sure Venky's said they would be hands on owners in one of their recent interviews.