[Archived] Rovers Takeover: End game ?

[Balwer]

India now has more rich than poor

http://economictimes.indiatimes.com/news/economy/indicators/India-has-more-rich-people-than-poor-now/articleshow/6242437.cms

Times are changing

In Indian terms yes. In English terms, no. The 'low income' bracket equates to up to 700 pounds per year. The 'middle class' bracket takes you up to 2500 pounds per year. Anyone earning more than that (1.8 Lakhs) is 'high income'.

[S15]

no problem then I stand corrected ,i didnt see poverty ,tents on roundabouts or see beggers then...cool must have some bad ###### then.

You're an absolute baby. Of course you're right, there is still poverty, but as a million people have pointed out it's changed as it is changing a hell of a lot.

Why is that so hard for you to accept?

[Wing Wizard Windy Miller]

I assume he loved his kids more than Rovers, thus expecting them to carry on his legacy at the expense of their own is very selfish.

I don't believe that you really believe that Al

In fairness, there would be no legacy for them if it wasn't for Jack. I must admit I'd be a tad disappointed if my kids didn't make more of an effort. It's not like all the wealth is tied up in Rovers.

Don't think it reflects well that the lass from Venky's inherited her dads legacy and has taken it from strength to strength. She seems to respect/value her dad's wishes and embraced it. Would you not find it a tad embarrasing that she may be the one to continue Jack's legacy, rather than one of his own (especially as the trust would, on the face of it, appear to be worth more.)

[ABBEY]

You're an absolute baby. Of course you're right, there is still poverty, but as a million people have pointed out it's changed as it is changing a hell of a lot.

Why is that so hard for you to accept?

omg me stalkers back.(baby yawn)

ok its changed then since i was there 3 years ago....it was poverty everywhere you went and the posh restraunt with marble floors red carpet was only aqprox £30 for a 4 course meal and a belly full of kingfisher.

i havent been back but i cant see everyone being minted and the tents and beggers gone. if there were 20billionaires wanting rovers only one would hold the power?

[chocky]

In fairness, there would be no legacy for them if it wasn't for Jack. I must admit I'd be a tad disappointed if my kids didn't make more of an effort. It's not like all the wealth is tied up in Rovers.

Don't think it reflects well that the lass from Venky's inherited her dads legacy and has taken it from strength to strength. She seems to respect/value her dad's wishes and embraced it. Would you not find it a tad embarrasing that she may be the one to continue Jack's legacy, rather than one of his own (especially as the trust would, on the face of it, appear to be worth more.)

In the end Rovers was Jack's love and there is no reason to assume that any of his family shared that love to the extent that they want to put millions into it. His family have obviously decided they don't want to continue his legacy that's why the trust has sold the club. It's a shame but a fact.

[S15]

omg me stalkers back.(baby yawn)

ok its changed then since i was there 3 years ago....it was poverty everywhere you went and the posh restraunt with marble floors red carpet was only aqprox £30 for a 4 course meal and a belly full of kingfisher.

i havent been back but i cant see everyone being minted and the tents and beggers gone. if there were 20billionaires wanting rovers only one would hold the power?

right chatted enough with you now .as for the baby name ,anytime you would feel like saying it to my face do feel free and come and see me at the match.

Why, so you can dazzle me with your real life mental maturity?

[bluebruce]

And I'm really struggling with this concept that Jack's heirs are somehow less deserving as they inherited their wealth.

Less deserving than somebody who actually earned their millions? Of course they bloody are.

[ABBEY]

India now has more rich than poor

http://economictimes.indiatimes.com/news/economy/indicators/India-has-more-rich-people-than-poor-now/articleshow/6242437.cms

Times are changing

http://www.economywatch.com/indianeconomy/poverty-in-india.html

[Fife Rover]

This is where I tend to switch off.

We're a football club, not a washing powder.

I know times change, but I doubt teams were founded to make it big in Asia. It was normally working men representing their town. You can't fight "progress" I guess. Football is like a massive warped ponzi scheme it needs ever more people putting in the pot to pay off the players who get more money than is feasible because if they didn't another club would do it. When does football become unsustainable, when every single man, woman, child and chicken on the planet is paying into the premiership?

Where will it all end (other than in tears)? I feel we're in danger of losing part of what made football great for the working man to go and watch. Football giving in to the trend of globalisation means it's in danger of losing its soul.

Profoundly depressing.

That happened for England in 1992, and a few years earlier for Scotland.

[yeti-dog]

omg me stalkers back.(baby yawn)

ok its changed then since i was there 3 years ago....it was poverty everywhere you went and the posh restraunt with marble floors red carpet was only aqprox £30 for a 4 course meal and a belly full of kingfisher.

i havent been back but i cant see everyone being minted and the tents and beggers gone. if there were 20billionaires wanting rovers only one would hold the power?

right chatted enough with you now .as for the baby name ,anytime you would feel like saying it to my face do feel free and come and see me at the match.

You clearly are a baby if you think it's acceptable to offer people out on here.

[ABBEY]

You clearly are a baby if you think it's acceptable to offer people out on here.

keep on topic theres a good lad eh.

you were a pain in the arse on the other thread to...keep ya beak out.

[yeti-dog]

keep on topic theres a good lad eh.

you were a pain in the arse on the other thread to...keep ya beak out.

Abbey..you're the Forrest Gump of this message board...you must be so proud.

By the way,try a capital letter now and again,you might like it.

[koi]

In the end Rovers was Jack's love and there is no reason to assume that any of his family shared that love to the extent that they want to put millions into it. His family have obviously decided they don't want to continue his legacy that's why the trust has sold the club. It's a shame but a fact.

Er, they have put millions in. Did they not convert £94m of loans into shares in 2007? What about the £3m in loans? The fact is the Jack and his trust have put in the best part of £100m and want a paltry £20m+ back. Anyway, as I understand it the Walker family are benefactors of the trust not part of it.

[Mattyblue]

Abbey..you're the Forrest Gump of this message board...you must be so proud.

By the way,try a capital letter now and again,you might like it.

Abbey try a capital letter?

Newbies

[yeti-dog]

Abbey try a capital letter?

Newbies

Not that new Matty actually,but it winds me up every time I read it.

[ABBEY]

Abbey try a capital letter?

Newbies

+1 nuff said lol pmsl

Not that new Matty actually,but it winds me up every time I read it.

should yeti not have a cap ??? Y

like i care .

[yeti-dog]

Somehow Abbey,you not caring fails to surprise me...

[Bob the Builder]

http://www.economywatch.com/indianeconomy/poverty-in-india.html

Nobody is saying that everyone in India is well off or even out of poverty. Harshly if you’re looking to sell something, that probably isn’t that important.

Wikipedia (unreliable source, I know) puts India’s middle class at 300 Million the link below puts it at 50 Million 3 years ago, earning $4,000-$22,000. Either way it’s a sizable ‘market of people who could spare a fiver’ especially if it does grow at even close to the pace predicted.

My link

[AlanK]

Abbey try a capital letter?

Newbies

Oh the irony!

[Roversider]

The reality is that India is a huge market in numbers, not so huge in wealth per capita but there are still many millions of Indians who are not in poverty. Take a look around, it is Indian money that owns much of UK industry now.

I don't buy the 'There's no business sense in this deal' view. Because the VH Group aren't going to be looking solely at India. Anyway it's their money and the Trust seem happy enough to take it.

For those people who yearn for the days when 'money didn't rule football' I suggest either switch to the amateur game or study the history books. Rovers were successful when they spent money whether it was in the 1900s under Lawrence Cotton or the 1990s under Jack Walker. The difference today is that there is a huge amount of money available via Sky. Rovers have had their snouts in it and that has allowed the club to survive at the top table.

We need some more investment and a different business model is worth a try.

[Miker]

People that think we're only targetting Indians in India, don't realise that there is a huge market for Indians IN GENERAL. I have mentioned it previously, but news of a Premier League club being taken over by an Indian company will spread quickly among the worldwide Indian community and we'll see a greater interest generated in the club from within India AND worldwide. The amount of Indians that leave their home to come study in places like the US, Australia, UK and Europe is evidence enough that there is a large number of Indians that do earn more than enough money. The amount of money international students have to fork out for university fees is exhorbitant to say the least, not to mention money they have to spend on living expenses. Let's just say they can afford a lot more than I can and they're clearly being funded by their parents back in India.

There's obviously still a large gap between rich and poor, but the amount of people in India means that just 2% of their population is already more than the ENTIRE population of Australia. So if even 2% of their population is rich then they already have a greater market in India than they ever would in Australia, or similar.

[47er]

that comment T4E is the most sensible anyones come out with...the Trust where our Firewall !

I still remain sceptical to say the least on this take over...they say you should never judge a book by its cover the 2 brothers covered in bling on saturday ?????

But the Trust have removed the firewall because they wanted to. Other than seek the best owner available what choice is there? We would all have preferred another Uncle jack but there simply isn't one so what else could be done?

[Steve Moss]

Less deserving than somebody who actually earned their millions? Of course they bloody are.

We disagree. Jack earned his millions. It pleased him to pass it on to his children, just as it pleased him to buy the Rovers. What he does with his cash is his business. That makes Jack's kids as every bit as much deserving a reciepient as the Rovers would be, maybe more so as he apparently did not insist that they invest the money into the club.

Like it or not, Jack decided to give his kids his millions. That makes them, legally and morally, the only persons entitled to decide what they do with it. And their ownership of that millions is every bit as deserving as a person who earned his millions according to the person who earned the money in the first place.

[47er]

Thought you were suggesting there was more.

Not sure if that's really that interesting, or rather it's not news to a lot of us. Unfortunately Jack's family aren't as big on football as Jack was. I once heard his daughter is mad keen though, it's a shame he didn't leave it to her if that's true.

She is a full-time employee of the club--or was anyway.

This is where I tend to switch off.

We're a football club, not a washing powder.

I know times change, but I doubt teams were founded to make it big in Asia. It was normally working men representing their town. You can't fight "progress" I guess. Football is like a massive warped ponzi scheme it needs ever more people putting in the pot to pay off the players who get more money than is feasible because if they didn't another club would do it. When does football become unsustainable, when every single man, woman, child and chicken on the planet is paying into the premiership?

Where will it all end (other than in tears)? I feel we're in danger of losing part of what made football great for the working man to go and watch. Football giving in to the trend of globalisation means it's in danger of losing its soul.

Profoundly depressing.

All very true and all very sad. The only real point is that times change--you either move with them or they move on without you anyway.

[bluebruce]

We disagree. Jack earned his millions. It pleased him to pass it on to his children, just as it pleased him to buy the Rovers. What he does with his cash is his business. That makes Jack's kids as every bit as much deserving a reciepient as the Rovers would be, maybe more so as he apparently did not insist that they invest the money into the club.

Like it or not, Jack decided to give his kids his millions. That makes them, legally and morally, the only persons entitled to decide what they do with it. And their ownership of that millions is every bit as deserving as a person who earned his millions according to the person who earned the money in the first place.

You're making a slightly different point to what it seemed like. As I said, it sounded to me like you meant they were no less deserving of being rich than people who earn the right through hard work rather than it falling into their lap as a result of being born to a certain person. What you're saying now...I agree with some, not other parts. Particularly the last bit, which is very similar to what I initially thought you meant. The fact that Jack gave his money to his kids doesn't mean he thought they were as entitled to it as he ever was, only that he loved them, as most people do with their families.

But we're getting digressive- this is another topic really, for another time. I won't dispute they have the legal right to do what they want with Jack's assets (I can't without seeing the legal paperwork), but that doesn't mean they're immune to criticism for what they've chosen to do with it, and it doesn't automatically mean that Jack would've been chuffed with their choices.