[Archived] Rovers Takeover: End game ?

[Spansterkid]

Wow. spansterkid, are you the man on the inside? Spying on proples profiles!!? Watchout cos BRFCS have a Room 101

Impossible, if you're me and I'm you how can we be having this conversation?

Oh well, Balwer'll work it all out!

[jumpin']

I do expect some posters are keeping their powder dry, night night

[Hughesy]

not if this bunch are in charge i won't

Waggy gets his next excuse in early!

Asset stripping, quickish sell on, hiking of season tickets, development on sites within the Rovers land structure!? Anyone else heard this? The trust are selling basically because they do not care. From what I have heard today, I feel sick.

So we have turned down several potential owners in the past, including some Geezer who wanted to stick £300m in - and instead have decided to sell to an asset stripper, who will use the land for their own needs/ not related to football??

[67splitscreen]

"Geezer" who was that then?.

[deryck guyler's spoon]

Bpf.

With all due respect, I am relaying what I have been told. I am not one for one upmanship and appreciate your posts. All I am relaying is the concern I have and what I have been told.

I think this source may well be yanking your chain. There are virtually no assets left as The Walker Trust has stripped them all bar Samba. As for land development, I really cant see an Indian poultry/pharmaceutical investing in mid sized, northern, provincial town in the midst of a severe ecconomic downturn. They would have a very long wait to make their £46m back.

[philipl]

jumping on jumpin is all good fun but what he has written is massively concerning.

The report from India saying they are waiting for the bank to clear the funds means one of two things-

The Venkys are selling assets in order to buy us, or

They are borrowing the funds

If they are borrowing, is Rovers the collateral?

[philipl]

incidentally, Andy Cryer got the abuse for suggesting three different dates for completion in one day.

All three dates came from Venkys who are now apparently getting flak even in India for their poor PR.

[deryck guyler's spoon]

jumping on jumpin is all good fun but what he has written is massively concerning.

The report from India saying they are waiting for the bank to clear the funds means one of two things-

The Venkys are selling assets in order to buy us, or

They are borrowing the funds

If they are borrowing, is Rovers the collateral?

Who to believe Philipl or Nicko?

I am going for the scribe with connections.

[Iceman]

Surely it could mean more than 2 things Philip? Its not like its a small amount that needs to be cleared, and with such a big amount it means a little bit of a delay. The bank will surely want clarification, as to why such a big transaction is happening.

All this negativity, hidden agendas, are they right or wrong owners etc are just not helping. Im undecided on this, but more so because i dont know what their final plans are. They could become good owners, but as with new signings, we got to give them the benefit of the doubt. I would be very annoyed, if the club, Rothschilds and the Trust, have sold without knowing where the money is coming from. Likewise with the Premier League, if they have allowed these people to buy us with a loan then its the most stupidest thing to happen.

You just got to believe, that despite wanting out, that the Trust would not let Uncle Jacks club land up in a mess. The only worrying aspect is, that once the club is handed over, then the Trust has no say in what happens. I liked the Syed Ali proposal, of letting the fans buy shares in the club, and having a say on what happens at the club. If Venkys do take over, then i hope they allow the fans the chance to express their views.

[Mandrake]

People here knows nothing about the business world...46 million is not pocket change, OFCOURSE A BANK HANDLES THE TRANSFER!

An international private transaction of 46 million is destined to be red flagged. Take it from someone that works in a bank, namely, myself..

Some people are too naive to be allowed to participate in this takeover debate in my opinion...

[dave birch]

People here knows nothing about the business world...46 million is not pocket change, OFCOURSE A BANK HANDLES THE TRANSFER!

An international private transaction of 46 million is destined to be red flagged. Take it from someone that works in a bank, namely, myself..

Some people are too naive to be allowed to participate in this takeover debate in my opinion...

They could use Western Union, and hide all traces of the transaction.

(Apologies to those that don't get it)

[ada2020]

jumping on jumpin is all good fun but what he has written is massively concerning.

The report from India saying they are waiting for the bank to clear the funds means one of two things-

The Venkys are selling assets in order to buy us, or

They are borrowing the funds

If they are borrowing, is Rovers the collateral?

Nice one columbo, it must be frighteningly difficult to pull the wool over your eyes.

It must mean they are selling to buy or borrowing, because the average person keeps £46million under their mattress and would hand it over to the trust in a briefcase which naturally they would handcuff to their wrist for security.

Do you just post the first things that spring to mind phil?

[PAFELL]

jumping on jumpin is all good fun but what he has written is massively concerning.

The report from India saying they are waiting for the bank to clear the funds means one of two things-

The Venkys are selling assets in order to buy us, or

They are borrowing the funds

If they are borrowing, is Rovers the collateral?

I thought you said there are clauses that prevent the club being bought with debt put on it!!!!!!

[ada2020]

I thought you said there are clauses that prevent the club being bought with debt put on it!!!!!!

He did, but VH do not meet his impeccable standards and thus they must have swindeled the Trust into believeing that they have the money. But Phil knows better than that........

[brian_gallagher85]

jumping on jumpin is all good fun but what he has written is massively concerning.

Philipl I've always valued your input and tbh I still think that you're one of the better members on here when it comes to the quality of your posts.

However I really wish you would stop flying off the handle and making it look like the sky is falling when you see somebody post something that seems mildly concerning regarding Venkeys takeover.

For all we know you might actually be proven right in the long run but my own opinion of the trust makes me think otherwise.

I don't want to join in the philipl bashing but you're making it rather easy at the minute.

[Wild Irish Rover]

Philipl I've always valued your input and tbh I still think that you're one of the better members on here when it comes to the quality of your posts.

However I really wish you would stop flying off the handle and making it look like the sky is falling when you see somebody post something that seems mildly concerning regarding Venkeys takeover.

For all we know you might actually be proven right in the long run but my own opinion of the trust makes me think otherwise.

I don't want to join in the philipl bashing but you're making it rather easy at the minute.

Ok, so this is the Takeover: End Game thread. How about some folks start making predictions about what you think will come to pass once the takeover is completed (today, next week, in two weeks time, some vague point in the future).

Here's what you do (either side of the doom or roses divide):

1) Think through the implications of the best case / worst case / most likely case scenarios based on your assessment

2) Project your resulting 'synthesised' view say 2 years or 5 years into the future

3) Write down a description of the Rover's world as you see it in your synthesised scenario and post it here for us to all come back to at some point in the future.

Milky Bar or Mars Bar for the person whose scenario most accurately reflects 'reality' at the 2 year and 5 year mark (I'll provide the prizes). We will see who deals best with the two confounding factors of strategic thinking (uncertainty and complexity).

Game on?

[Kelbo]

I dont know any facts at all of this deal, some of the suggestions are too silly to be believed, I will ask one question, If you have a family member who died, be it a parent, brother, sister etc and they had certain wishes, we know Jacks wishes were for Rovers to be successful, would you as a family member totally disregard those wishes and to hell with it?

No, your main concern would be to do the best you could possibly do to follow his wishes, the idea that asset stripping has come to the fore in these negotiations has got to be so wide of the mark as would the fact that money would have to be borrowed, especially in the light of Liverpool, Pompey and even Man U!!

I think you seriously underestimate both the trust and JW.

[47er]

jumping on jumpin is all good fun but what he has written is massively concerning.

The report from India saying they are waiting for the bank to clear the funds means one of two things-

The Venkys are selling assets in order to buy us, or

They are borrowing the funds

If they are borrowing, is Rovers the collateral?

It means no such thing and you know it. It means the Bank is signalling that all the necessary ticks and crosses have been done and the deal is ready to go ahead. A final check if you like.

[TimmyJimmy]

People seem to forget the Trust will receive 30m pounds for their troubles after the debts are cleared once VH purchase the club. Syed and Shah never actually fronted the money by all accounts.

But didn't the Trust have to put in well over a 100M to 'earn' this sale value of 30M. Sounds like a big write off to me.

[Balwer]

But didn't the Trust have to put in well over a 100M to 'earn' this sale value of 30M. Sounds like a big write off to me.

What's the relevance? If they sell they get 30m, if they don't then presumably the asset depreciates further without investment.

Say your dad buys you a £120K Mercedes, then some bloke offers to purchase it for £46K a few years later. Once you've paid the loan off you've got £30K in your pocket. Surely that £30K is your number one concern, not what happens to the car afterwards, regardless of its initial cost? Yeah it'd be nice if the guy treats it right, because it's a sentimental favourite of a lot of people, but it's now his car so it's time to move on with your life and spend your £30K.

[Roversider]

And still you do not understand that I was reflecting what I was hearing- there were numerous twists and turns.

When I stated my opinion, I clearly indicated it to be what I thought.

Outside of the Blackburn bubble, most people are looking at what is happening with astonishment- the sort of astonishment when you can see a car crash is about to happen to someone you know.

Well, at least you seem to be hoping that the world will end and that you will be proved correct. Now I'm sorry if you feel that I am being a bit harsh about your opinions but I have read your posts and they seem to be becoming more bitter and twisted as they go on.

You have made some really good points about the bids but as people have said about this you seem to be at odds with your previous total endorsement of the Trust. Where has that gone?

A cynical observer would say it is because it appears Nicko has been proved right on this one. By the way I don't endorse his views all the time.

To describe this as 'a car crash about to happen' is complete and utter spin. Also, it is very patronising to infer that we Rovers fans do not have contacts outside our little Blackburn bubble.

The reality is we are stuck in a slow, downward spiral if we do not make a change. The Trust understand that and they believe the VH Group are the best bid. We know that there is an element of a gamble here, we aren't fools, it could turn out in the way some Doomsayers predict and no doubt they will be smug in their misery. Of course we may stay at the same level or, heavens forbid, improve!

Change implies risk, it isn't about risk avoidance, it has to be risk management, which the Trust is in charge of and they have much more information than anyone posting here.

We know your views but you really are beginning to sound like a stuck record.

[Lee0r]

What's the relevance? If they sell they get 30m, if they don't then presumably the asset depreciates further without investment.

Say your dad buys you a £120K Mercedes, then some bloke offers to purchase it for £46K a few years later. Once you've paid the loan off you've got £30K in your pocket. Surely that £30K is your number one concern, not what happens to the car afterwards, regardless of its initial cost? Yeah it'd be nice if the guy treats it right, because it's a sentimental favourite of a lot of people, but it's now his car so it's time to move on with your life and spend your £30K.

I would have to disagree with you there. My girlfriend has recently sold a horse. The home it went to was far more important than the money she received for him.

[Balwer]

I would have to disagree with you there. My girlfriend has recently sold a horse. The home it went to was far more important than the money she received for him.

Did your girlfriend put the horse up for sale 3 years ago and not spend any money keeping it happy in the interim, buying only enough food for the horse to live on?

[Roversider]

What's the relevance? If they sell they get 30m, if they don't then presumably the asset depreciates further without investment.

Say your dad buys you a £120K Mercedes, then some bloke offers to purchase it for £46K a few years later. Once you've paid the loan off you've got £30K in your pocket. Surely that £30K is your number one concern, not what happens to the car afterwards, regardless of its initial cost? Yeah it'd be nice if the guy treats it right, because it's a sentimental favourite of a lot of people, but it's now his car so it's time to move on with your life and spend your £30K.

Very fair point but I know that John Williams is significantly motivated by what this means in respect of Jack Walker. I would expect his flesh and blood also to have some senytimental connections to Jack. That will be a reason why they have walked away from several other bidders.

[duffbear]

From what I have heard, from a gentleman in the financial sector with links to the trustees, some may have been posted.

We are a vehicle, which will be discarded once the journey is complete.

2 other clubs in the UK turned them down, one is a joke club ( not burnley).

Prepare for changes around EwoodBrockhall, non football related.

Seasons tickets will rise considerably. The new influx of fans from abroad will offset this.

VH are seriously wealthy, put the trust in the shade.

There is other points but my head is spinning. I fear for the Rovers, 136 yrs coming up & it may be one of the worst. Just because they'll flatter us with 5, 6, 7 million, doesn't mean I'll sleep with them. Maybe the early 80's weren't so bad.

Are you willing to name the 2 clubs that turned them down?