[Archived] Rovers Takeover: End game ?

[rovers_rob]

Haven't posted for a few days because I have been busy but also enormously fearful for the future of Rovers.

Venky's plummeted in my estimation because:

- their handling of communications last week was abysmal; it is still very much on the cards that the Manager and Chairman will both leave within 24 hours of the deal being concluded if you read their statements last week

- the likelihood they are using debt to finance the cash transfer to settle £46m

- the probability that the two (at best) unproven brothers will be hands on at Ewood

- the deep involvement of Jerome Anderson about whom I have not heard a single positive word; even Nicko posted negatively about him

- and now the allegation of unethical behaviour from Saurin Shah who cleary did impress the Trust and Board by his own integrity

In situations such as these, I would have followed the money which was Syed as far as I could see- and no I had no personal interest in him or his business.

The one hope I have for this deal is Mrs Desai:

tashor, on 04 November 2010 - 00:09 AM, said:

I am sure that this has been posted elsewhere on BRFCS.COM but at last I have read a coherent explanation as to why we are about to be acquired by Venky's........

Sound like a hot cookie that Anuradha - hopefully one to match Rovers very own Iron Lady M.T...........

Profile

Radio lancs did takeover special last night and Andy Neild was on who used to report on Rovers for the LET.

I can't remember the exact details but he said that over the years John Williams has done a superb job of vetting potential buyers and that he would politely show the door to people who weren't suitable or were just looking for publicity.

One example that he gave was our old friend Dan Williams, Andy Neild suggested that he was more interested in the publicity and he never actually had the finances to buy the club (I think this is what you were saying at the time ?).

The point he was making is that Venkys must tick all the boxes for them to get this far.

It is an interesting listen - Radio Lancs Takeover special

[Exiled in Toronto]

I believe you cannot read what I posted correctly.

The Saurin Shah issue is a lead story in the Times of India today

Actually, the lead story in the online paper is about China using Pakistan to slow India's economic growth; the lead in their sports section is about Dravid hitting a century, and the lead in their sports/football subsection is about Eduardo scoring against Arsenal.

Which doesn't make for quite so sensational a statement.

[Doaksie]

I believe you cannot read what I posted correctly.

The Saurin Shah issue is a lead story in the Times of India today

Interesting line from that article:

Niranjan Shah (uncle of Saurin Shah and BCCI vice-president) -

"Blackburn needed proper money and we thought we could achieve that with Venky's."

Read into that what you will....

[Balwer]

Interesting line from that article:

Niranjan Shah (uncle of Saurin Shah and BCCI vice-president) -

"Blackburn needed proper money and we thought we could achieve that with Venky's."

Read into that what you will....

The club wasn't fooled by the counterfeit stuff they had initially offered?

[Wing Wizard Windy Miller]

The club wasn't fooled by the counterfeit stuff they had initially offered?

Today was mooted as a possible completion date when this Venkys business first broke, anybody got an inkling as to whether we'll get an announcement today?

[Spansterkid]

Actually, the lead story in the online paper is about China using Pakistan to slow India's economic growth; the lead in their sports section is about Dravid hitting a century, and the lead in their sports/football subsection is about Eduardo scoring against Arsenal.

Which doesn't make for quite so sensational a statement.

There's a difference between a lead story, and the lead story. It is one of the six lead stories in the sports section, so it is 'a lead story', as Philip said.

[unclejack28]

Tomorrow is a very big Indian festival called Diwali like a new year, maybe they are waiting for then to make the announcement.

[magicalmortensleftpeg]

Haven't posted for a few days because I have been busy but also enormously fearful for the future of Rovers.

Venky's plummeted in my estimation because:

- their handling of communications last week was abysmal; it is still very much on the cards that the Manager and Chairman will both leave within 24 hours of the deal being concluded if you read their statements last week

- the likelihood they are using debt to finance the cash transfer to settle £46m

- the probability that the two (at best) unproven brothers will be hands on at Ewood

- the deep involvement of Jerome Anderson about whom I have not heard a single positive word; even Nicko posted negatively about him

- and now the allegation of unethical behaviour from Saurin Shah who cleary did impress the Trust and Board by his own integrity

In situations such as these, I would have followed the money which was Syed as far as I could see- and no I had no personal interest in him or his business.

The one hope I have for this deal is Mrs Desai:

tashor, on 04 November 2010 - 00:09 AM, said:

I am sure that this has been posted elsewhere on BRFCS.COM but at last I have read a coherent explanation as to why we are about to be acquired by Venky's........

Sound like a hot cookie that Anuradha - hopefully one to match Rovers very own Iron Lady M.T...........

Profile

So your concerns again revolve around complete guesswork. Having concern is absolutely fine but when each of the points you have raised are substantiated by nothing then what's the point? The 4 latter points you made in particular are down to your assumptions without any inside knowledge at all.

The allegation made by Saurin Shah? What do you know about that? how do you know whether that has any credibility? The likelihood of them using debt?? Where is your proof of that?? Its a perfectly reasonable concern to hold but you have no evidence for it. This is the problem, you are jumping on anything that could potentially be negative and using it against this bid without knowing anything more then anyone else on here.

You were desperate to believe any positive story regarding Syed but now you are desperate to believe any negative story surrounding Venkys'.

[bob fleming]

Today was mooted as a possible completion date when this Venkys business first broke, anybody got an inkling as to whether we'll get an announcement today?

With my bleary eyes and catching a quick scan of the LT on my way out of the house this morning I'm sure I read that things are on track. However they can't see it happening before the weekend. Then again it was very early and dark. So it'll probably go through this afternoon just after lunch.

[philipl]

So your concerns again revolve around complete guesswork. Having concern is absolutely fine but when each of the points you have raised are substantiated by nothing then what's the point? The 4 latter points you made in particular are down to your assumptions without any inside knowledge at all.

The allegation made by Saurin Shah? What do you know about that? how do you know whether that has any credibility? The likelihood of them using debt?? Where is your proof of that?? Its a perfectly reasonable concern to hold but you have no evidence for it. This is the problem, you are jumping on anything that could potentially be negative and using it against this bid without knowing anything more then anyone else on here.

You were desperate to believe any positive story regarding Syed but now you are desperate to believe any negative story surrounding Venkys'.

Again I say you are misreading what I posted.

These are completely genuine concerns and a little emotional paddy by people who want to knock what I have written doesn't amount to an argument.

From what I understand, "sometime in the next two weeks" is the current timetable to complete.

[Balwer]

Today was mooted as a possible completion date when this Venkys business first broke, anybody got an inkling as to whether we'll get an announcement today?

I thought I read that they were aiming for this week? Wouldn't be overly concerned, prefer them to spend time getting it right rather than rushing it. If of course a month passes with nothing then that's a different story....

[Pete1981]

I thought I read that they were aiming for this week? Wouldn't be overly concerned, prefer them to spend time getting it right rather than rushing it. If of course a month passes with nothing then that's a different story....

According to the LT it wont be completed this week

http://www.lancashiretelegraph.co.uk/sport/football/blackburnrovers/news/8494474.Venky_s_Blackburn_Rovers_deal_on_track/

[SAS]

Haven't posted for a few days because I have been busy but also enormously fearful for the future of Rovers.

Venky's plummeted in my estimation because:

- their handling of communications last week was abysmal; it is still very much on the cards that the Manager and Chairman will both leave within 24 hours of the deal being concluded if you read their statements last week

- the likelihood they are using debt to finance the cash transfer to settle £46m

- the probability that the two (at best) unproven brothers will be hands on at Ewood

- the deep involvement of Jerome Anderson about whom I have not heard a single positive word; even Nicko posted negatively about him

- and now the allegation of unethical behaviour from Saurin Shah who cleary did impress the Trust and Board by his own integrity

In situations such as these, I would have followed the money which was Syed as far as I could see- and no I had no personal interest in him or his business.

The one hope I have for this deal is Mrs Desai:

tashor, on 04 November 2010 - 00:09 AM, said:

I am sure that this has been posted elsewhere on BRFCS.COM but at last I have read a coherent explanation as to why we are about to be acquired by Venky's........

Sound like a hot cookie that Anuradha - hopefully one to match Rovers very own Iron Lady M.T...........

Profile

I used to respect your posts. But your so one sided to syed it's untrue.

You are just making things up as you go along.

I'm sure we'd all prefer syed but if what he said was true the deal would have gone through a long time ago.

[Balwer]

According to the LT it wont be completed this week

http://www.lancashiretelegraph.co.uk/sport/football/blackburnrovers/news/8494474.Venky_s_Blackburn_Rovers_deal_on_track/

I don't really listen to anything the LT says anymore. The most recent article before that was less than 24 hours earlier claiming the deal could be done this week.

[Exiled in Toronto]

There's a difference between a lead story, and the lead story. It is one of the six lead stories in the sports section, so it is 'a lead story', as Philip said.

One of six stories in the football subsection of the sports subsection of the Times of India. Sports is one of nine subsections and football one of 8 within that. So yes, it is one of 6x8x9 stories at that level of the paper, or, to put it another way, one of the 432 lead stories of the day.

[47er]

Again I say you are misreading what I posted.

These are completely genuine concerns and a little emotional paddy by people who want to knock what I have written doesn't amount to an argument.

From what I understand, "sometime in the next two weeks" is the current timetable to complete.

What's wrong with sometime in the next 2 weeks?

[sparkspakespoke]

Haven't posted for a few days because I have been busy but also enormously fearful for the future of Rovers.

Venky's plummeted in my estimation because:

- their handling of communications last week was abysmal; it is still very much on the cards that the Manager and Chairman will both leave within 24 hours of the deal being concluded if you read their statements last week

- the likelihood they are using debt to finance the cash transfer to settle £46m

- the probability that the two (at best) unproven brothers will be hands on at Ewood

- the deep involvement of Jerome Anderson about whom I have not heard a single positive word; even Nicko posted negatively about him

- and now the allegation of unethical behaviour from Saurin Shah who cleary did impress the Trust and Board by his own integrity

In situations such as these, I would have followed the money which was Syed as far as I could see- and no I had no personal interest in him or his business.

The one hope I have for this deal is Mrs Desai:

tashor, on 04 November 2010 - 00:09 AM, said:

I am sure that this has been posted elsewhere on BRFCS.COM but at last I have read a coherent explanation as to why we are about to be acquired by Venky's........

Sound like a hot cookie that Anuradha - hopefully one to match Rovers very own Iron Lady M.T...........

Profile

This has to be the worst one you have come up with yet, a mixed bag of speculation and rumour to incite fear, it’s like reading the Daily Mail!

It’s a shame as you were a decent poster, Alonso and Middlesbrough for the champions league aside. However you have lost all objectivity and have zero credibility left.

The trust have chosen to sell us to Venkys over Syed, this should tell you all you need to know. However after spending years repeatedly stating the trust have our best interests at heart you have now done a massive u turn for reasons unknown.

Maybe you should be honest and just say what your agenda is here because you can’t be as brainless as your recent posts are making you appear?

[sweet]

So now its to be completed in the next couple of weeks, not at the end of this week?

Is anyone else feeling as fed up with this now, as I am? Especially considering everything is supposedly all done and dusted?

[PAFELL]

Haven't posted for a few days because I have been busy but also enormously fearful for the future of Rovers.

Venky's plummeted in my estimation because:

- their handling of communications last week was abysmal; it is still very much on the cards that the Manager and Chairman will both leave within 24 hours of the deal being concluded if you read their statements last week

- the likelihood they are using debt to finance the cash transfer to settle £46m- the probability that the two (at best) unproven brothers will be hands on at Ewood

- the deep involvement of Jerome Anderson about whom I have not heard a single positive word; even Nicko posted negatively about him

- and now the allegation of unethical behaviour from Saurin Shah who cleary did impress the Trust and Board by his own integrity

In situations such as these, I would have followed the money which was Syed as far as I could see- and no I had no personal interest in him or his business.

The one hope I have for this deal is Mrs Desai:

tashor, on 04 November 2010 - 00:09 AM, said:

I am sure that this has been posted elsewhere on BRFCS.COM but at last I have read a coherent explanation as to why we are about to be acquired by Venky's........

Sound like a hot cookie that Anuradha - hopefully one to match Rovers very own Iron Lady M.T...........

Profile

You have said in the past that there are clauses in the trusts agreement, that prevents anybody putting debt on to Rovers or buying the club with debt.

You have been saying for ages now, with others, to trust the trustees as they will do right with the club.

But now you are implying that we cannot trust the trustees.

If Venky's are buying the club with debt - and a clause prevents that - should we now stop trusting the trustee, because they are happy for this, their own clause, to be ignored.

[Parsonblue]

I take on board a number of the points you make philipl and I share your reservations about the two brothers. If the sister was at the helm I think I would feel much happier. However, if she runs the Indian business I really can't see her spending too much time in Lancashire. It would be ideal if John Williams wanted to stay on but I suspect that depends on if he wants to retire or if Venkey's want to run it themselves with the aid of Kentaro. I suppose it presents the brothers with an opportunity to prove that they can run a business on their own and I suspect that the sister will keep a fairly close watch - even from a distance - on how it is progressing. If Venkey's see the Rovers as a marketing tool to gain worldwide exposure they clearly can't afford for it to fail.

Ultimately, both Syed and Shah did not meet the criteria set up by the Trust while Venkey's obviously have done. I suspect that we will never know the full reasons why Venkey's have been chosen by the Trust but clearly they are the only ones who have had all the information from the three bidders on which to base their decision. Like you, I have long held the belief that John Williams and the Trust have done a decent job and hopefully they have opted for the right buyer - time will tell!

[magicalmortensleftpeg]

Again I say you are misreading what I posted.

These are completely genuine concerns and a little emotional paddy by people who want to knock what I have written doesn't amount to an argument.

From what I understand, "sometime in the next two weeks" is the current timetable to complete.

It is clear that you have concerns, but it is also clear that you have no evidence to substantiate any of them.

One of your points was that Saurin Shah had made an allegation against Venky's. That was it. That was enough for you to be concerned. The BBC ran a half hour show on 5live about Syed which you completely wrote off, but as soon as Shah makes an allegation against Venkys, regardless of any details as to what the allegation is or whether it has any foundation whatsoever, you use it as proof that this bid is a threat to Rovers.

[rovers_rob]

So now its to be completed in the next couple of weeks, not at the end of this week?

Is anyone else feeling as fed up with this now, as I am? Especially considering everything is supposedly all done and dusted?

It is completely doing my head in. It doesn't help when the local paper reports that the takeover will be completed this week then the day after it reports that it will be done in two weeks time.

It is a distraction that the manager and team don't need at the moment.

Hopefully the LET have got it wrong again and it will be completed within the next few days.

[broadsword]

I think when the chicken originally flew the coop and Rovers ruffled a few feathers by revealing Venky's were probably goign to buy us, I'm sure John Williams said "by the end of November"

[67splitscreen]

From the article in the Indian Times:

"We are talking to our lawyers but we don't want to fight and go to court unnecessarily. I will not take any step without my uncle's instructions," said Saurin who claims to have an MOU made with Venky's.

The ethical stance shown by Venky's over the years seems contrary at the very least is Shah does have the MOU.

If he has indeed an MOU with Venky's, I could see some short delay until the issue is cleared up.

I believe an MOU can be as good as a contract and legally binding, depending on the wordings contained within the document.

Ms. Desi for me has to be at the helm, Barry Whites double does not do it for me.

[booth]

Ms. Desi for me has to be at the helm, Barry Whites double does not do it for me.

He could belt out some tunes at half time though.