[Archived] The Dawn Of A New Era

[philipl]

The VH Group in Detail

That is interesting. If Srivenk is counted within VH, they are smaller than I had estimated- I had been counting the Srivenk investments as being outside VH.

Amazed they have talked to a British journo about Lavasa- that is one bad project.

[67splitscreen]

That is interesting. If Srivenk is counted within VH, they are smaller than I had estimated- I had been counting the Srivenk investments as being outside VH.

Amazed they have talked to a British journo about Lavasa- that is one bad project.

Not like you Philip My link

Shivalik hatcheries PLC is also not lited in the article

29 and counting, unless they binned it.

[Valois]

That is interesting. If Srivenk is counted within VH, they are smaller than I had estimated- I had been counting the Srivenk investments as being outside VH.

Amazed they have talked to a British journo about Lavasa- that is one bad project.

28 companies in total, as was quoted in the original article by Harris.

Assume they have been honest, and have nothing to hide. Just says they made an early investment in the project, before the controversy. They wouldn't be the first, and won't be the last to make a bad investment in a failed project. Lets hope ROvers don't fall into that category.

[Paul]

This is nothing more than a question but is appropriate in here, and would get lost in the transfer thread. I'm right in thinking that despite 100s of pages of speculation and rumour here and elsewhere the extent of our transfer activity is two loan signings in RSC and JJ?

I've taken a vow of silence on all other matters relating to the new owners. Just trying to catch up.

[S15]

This is nothing more than a question but is appropriate in here, and would get lost in the transfer thread. I'm right in thinking that despite 100s of pages of speculation and rumour here and elsewhere the extent of our transfer activity is two loan signings in RSC and JJ?

I've taken a vow of silence on all other matters relating to the new owners. Just trying to catch up.

That is correct but the reality is ask again at the weekend and it looks like there will be new permanent additions in place.

Usually the transfer threads are full of all sorts of nonsense, but to be fair on the whole the same faces have been thrown around; the two youngsters from Barcelona, Larsson, and now Formica and it seems quite likely all of them will join from what's been said.

[John]

I suppose the more important question is how we are actually financing any transfer deals.

[Mercer]

I suppose the more important question is how we are actually financing any transfer deals.

Spot on!

[Valois]

Spot on!

Hang on, this wasn't a concern when you said we should throw in an extra £3m and bid for Charlie Adam on the transfer thread. You can't have it both ways.

Venkys don't spend on transfers - they have no money

Venkys do spend on transfers - How are they getting the finances?

So basically it's a no win situation for them.

[roversmum]

Surely as owners of the club it's their concern how transfers are paid for?

[philipl]

Surely as owners of the club it's their concern how transfers are paid for?

Just like it was for the owners of Pompey and Leeds and....

[47er]

Surely as owners of the club it's their concern how transfers are paid for?

If Samba is sold then the owners will be substantially in pocket won't they? Not to mention N'Zonzi and Dunn. And this transfer window will be like any other.

Hope that's not the case of course.

[ewoodpo]

http://www.bloomberg.com/news/2011-01-19/former-blackburn-suitor-plans-to-buy-racing-santander-el-pais-reports.html?

Couldn't find the relevant thread so put it on here.

[BuckyRover]

Philipl was convinced he was going to buy a PL club (Newcastle?).

Wonder what happened there

[Bobby G]

Almost exactly the same price of Rovers, and same debts almost too.

[deftangel]

This is nothing more than a question but is appropriate in here, and would get lost in the transfer thread. I'm right in thinking that despite 100s of pages of speculation and rumour here and elsewhere the extent of our transfer activity is two loan signings in RSC and JJ?

I've taken a vow of silence on all other matters relating to the new owners. Just trying to catch up.

At the moment, yes.

There have been several indications that any of Larsson(sp) from Brum, Rochina & Vasquez from Barcelona B and an Argentinian, Formica from Newells are close as permanent signings from credible posters such as Kamy, BPF & Nicko. The Adam thing has gone quiet, I think because Holloway won't sell in January.

[roversmum]

Just like it was for the owners of Pompey and Leeds and....

Yes - but were the fans able to do anything about it? The answer is no. You can't have it all ways. You complain about the Trust not funding new players, (not you personally, philip), then complain because the new owners are.

What do you want exactly?

[philipl]

A well run club where the owners keep to the spirit and words used to the Trust when they were buying it.

[sweet]

A well run club where the owners keep to the spirit and words used to the Trust when they were buying it.

What is it exactly they have failed to keep to?

[gumboots]

What is it exactly they have failed to keep to?

As well as being privy to their whole wealth or lack of it, Philip was obviously present at all metings between them and the Trust since he knows what they agreed to when they bought the club. Philip, we know you don't trust them and have grave doubts about their accounts and businesses, but could you please stop trying to do them down at every turn. I consider myself a moderate poster and the only person I ever ignored was Vinjay at his height, I think. However, the time is coming when I may have to ignore you and that would be a pity because when you're not on your hobbyhorse, I find you informative about financial matters. For the record, I don't object to the owners spending only 5 million in total id that's what they've decided, and I don't think they'll go far beyond that if they don't have it. They haven't come in with silly bids or wages for average targets, which was the problem at Leeds and Portsmouth and seem to have adopted a look and see policy with regard to most of the players we're linked with. I appreciate your warnings that all isn't great and realise that my getting totally worked up about them is useless. I think most others feel the same. whether we like what's happening or not, it will happen. You've given us fair warning, so please stop now.

[philipl]

Not like you Philip My link

Shivalik hatcheries PLC is also not lited in the article

29 and counting, unless they binned it.

True= I'd missed seeing that the investment vehicle was part of VH.

That Uttara web site has been updated since I last looked at it. It now reads:

Part of the US 650Million US $ Venkateshwara Hatcheries Group – considered the worlds most advanced poultry conglomerate – was set up in 1998 by Mr. B.Venkatesh Rao, the young and unassuming Joint Managing Director of the V.H.Group

Late Padmashri Dr.B.V.Rao’s dream to see India as the top most country on the world’s poultry map, was not only in terms of numbers but also in terms of Quality, Value, Productivity and Management. His dream was to see the country’s poultry sector emerge as one of the major contributors to the rural economy. He wanted the V.H.Group to play a significant role in obtaining handsome returns for the poultry farmers.

To make his father’s dream a reality, Mr. B.Venkatesh Rao, started “Uttara Foods And Feeds” in 1996 by setting up a State-Of-The-Art Plant in Pune to manufacture Pelleted Poultry Feed by importing technology & machinery from Buhler of Switzerland, a firm of international repute in the field of Pellet Feed Technology.

“While thinking of poultry feed, a thought came to the mind to look into the food requirement of the vast majority of human beings. Venky’s has established its strong brand name in terms of Quality of Chicken & Chicken related products. It was felt that the same brand image of Quality, Nutrition and Hygiene could also be extended to the vegetarian class & society as well, so that ‘Venkys’ will have its strong-hold in the market in terms of Quality, Nutrition and Hygiene for the vegetarian population also". quotes Mr. Rao.

This gave birth to UTTARA FOODS, the Food Division of the 75 Million US $ company Uttara Foods and Feeds.

[onlyoneDuff]

A well run club where the owners keep to the spirit and words used to the Trust when they were buying it.

If the "spirit" of the Trust is letting the club go to waste than I guess Venky's aren't living up to that....I ask again Philip, why did your beloved Trust sell to Venky's if they are everything you have alleged?

[LeChuck]

Yes - but were the fans able to do anything about it? The answer is no. You can't have it all ways. You complain about the Trust not funding new players, (not you personally, philip), then complain because the new owners are.

What do you want exactly?

I still think that's missing the point Philip was making.

We don't know how transfers are being funded, you've assumed there that Venky's are footing the bill. If they are then it's all fine. If they're funding this by attaching debt to the club then it's very, very dangerous.

[roversmum]

No, I am not missing the point. The Rao family own the club, it's THEIR business and it's up to them how they run it. Instead of whinging on here, why don't those who are not happy about things WRITE to THEM.

We don't know how they are financing the club, so why assume they are loading it up with debt? Oh, of course, so you can use the assumption to beat them with.

[BuckyRover]

Indeed.

I'm sure everyone is aware of the risks of loading the debts onto the club, but as we can't do anything about it simply worrying about it all the time is a waste of time and energy.

[Paul]

We don't know how transfers are being funded, you've assumed there that Venky's are footing the bill. If they are then it's all fine. If they're funding this by attaching debt to the club then it's very, very dangerous.

Don't want to appear pedantic, not quite the right word, but there are no transfers to be funded at the moment. Rovers have not bought any players yet. Those who have come in are loans and we pay the wages, in whole or part. To my knowledge there is only one method of doing this and that is through the wage bill, PAYE and NI.

Now it could be the outgoing players are sufficient to cover the salaries of the incoming players or it may be the club will run at a loss and extend the overdraft. Venky's may chose to make some loans, etc. but there are still no actual transfer fees to fund. I'm sure an accountant will be along to explain properly but the point is important. Salaries have to be paid every month, transfer fees are often staged payments and the accounting methods are different. The money is required over the next 5-6 months.

If there is a question in relation to funding it should be "how is the wage bill funded?"and "what is the impact on cashflow?"