[Archived] Rumour: Venky's To Sell?

[NookRover]

Here you go

Sky video

It's at 33 seconds

Think you'll find that's the Hindu form!

Second in importance only to the Om, the Swastika, a symbol which look like the Nazi emblem, holds a great religious significance for the Hindus. Swastika is not a syllable or a letter, but a pictorial character in the shape of a cross with branches bent at right angles and facing in a clockwise direction. A must for all religious celebrations and festivals, Swastika symbolizes the eternal nature of the Brahman, for it points in all directions, thus representing the omnipresence of the Absolute.

[den]

'I will not support them regardless of what they do' sum up your thoughts?lol.

I said they would make a balls up since virtually day one imy. It was so obvious. So far, I was right, don't you think? In the early days, even after sacking Allardyce and JW, they could have turned it around by taking a step back and getting the right people in the right positions. They didn't come into this to be in the background, they wanted to be involved in absolutely everything, including the footballing decisions. Trouble is, I really think they've now gone past the point of no return.

[john.leigh]

As I said, I don't claim to have any inside knowledge - it's just me putting 2 & 2 together

[philipl]

It has already been posted on the MB that there are persistent stories going around about a problem for Rovers repaying whatever might have been outstanding from the £17m Barclays mortgage against the club which was registered in late December and expired on 30 June this year.

There has been no filing at Companies House as yet by Blackburn Rovers nor for that matter by Venky's London Limited. The Venky's London Limited loan is completely separate from the Rovers loan and the Venky's loan was used for transferring Rovers' pre-existing overdraft accrued under the Trust away from Rovers to the owner's own account (as required by the sale agreement with the Trust). It was secured against the Venky's ownership of Blackburn Rovers shares- this one is not subject to any rumours as far as I am aware.

However, the Rovers mortgage which is what the speculation is swirling around was secured against all the club's revenues from BSkyB plus all other revenues. Seeing as the BSkyB revenue would have come in whilst the mortgage was still current and that commercial revenues are currently well down through no sponsor and Season ticket sales being down by arond 7,000 compared with this time last year, in my opinion there is only one place the bank would have gone if there was indeed a problem- the Phil Jones contract. This new mortgage was taken out by Rovers because BSkyB payments come in every six months creating a cash flow problem for the Venky's which I understand they were unaware of- this was extensively debated on the mortgage thread. Of course, Venky's incurred a slew of additional costs (firing Sam and Neil, agents' fees, much larger wage payments including RSC and JJ) which would not have been in the budget taken over from the Trust. Then the BSkyB payment in May came in below expectation because 15th was three places and £2.4m less than had been budgeted for.

Go to www.companieshouse.gov.uk, click on webcheck information, put Blackburn Rovers, then Venkys London into search, click on company numbers 00053482 and 07406020 respectively then click on "order information on this company". You can see MG documents- Information about a particular mortgage or charge- on the registry. If you want to spend £1 for each, you can buy a copy of the actual documents filed.

[broadsword]

The last few post on here have made me quite sick.

That's me for this site.

I've been here since april 1996 when Lee took over from Rob Ivison, but comparing people to Nazis!

Philip, I'm disgusted with you.

Can't people read any more?

[booth]

The last few post on here have made me quite sick.

That's me for this site.

I've been here since april 1996 when Lee took over from Rob Ivison, but comparing people to Nazis!

Philip, I'm disgusted with you.

Two things.

Why is it the sites fault for an individuals comments?

Also why is it Philips fault for pointing out the fact that Venkys employees had likened them to nazis? He was just pointing out that they aren't as highly regarded amongst their workers as has previously been painted. He didn't actually compare them to nazis himself.

[den]

It has already been posted on the MB that there are persistent stories going around about a problem for Rovers repaying whatever might have been outstanding from the £17m Barclays mortgage against the club which was registered in late December and expired on 30 June this year.

There has been no filing at Companies House as yet by Blackburn Rovers nor for that matter by Venky's London Limited. The Venky's London Limited loan is completely separate from the Rovers loan and the Venky's loan was used for transferring Rovers' pre-existing overdraft accrued under the Trust away from Rovers to the owner's own account (as required by the sale agreement with the Trust). It was secured against the Venky's ownership of Blackburn Rovers shares- this one is not subject to any rumours as far as I am aware.

However, the Rovers mortgage which is what the speculation is swirling around was secured against all the club's revenues from BSkyB plus all other revenues. Seeing as the BSkyB revenue would have come in whilst the mortgage was still current and that commercial revenues are currently well down through no sponsor and Season ticket sales being down by arond 7,000 compared with this time last year, in my opinion there is only one place the bank would have gone if there was indeed a problem- the Phil Jones contract. This new mortgage was taken out by Rovers because BSkyB payments come in every six months creating a cash flow problem for the Venky's which I understand they were unaware of- this was extensively debated on the mortgage thread. Of course, Venky's incurred a slew of additional costs (firing Sam and Neil, agents' fees, much larger wage payments including RSC and JJ) which would not have been in the budget taken over from the Trust. Then the BSkyB payment in May came in below expectation because 15th was three places and £2.4m less than had been budgeted for.

Go to www.companieshouse.gov.uk, click on webcheck information, put Blackburn Rovers, then Venkys London into search, click on company numbers 00053482 and 07406020 respectively then click on "order information on this company". You can see MG documents- Information about a particular mortgage or charge- on the registry. If you want to spend £1 for each, you can buy a copy of the actual documents filed.

Come on Dave, that is as wide of the mark as the comment on the Murdoch thread.

I'm not ignoring the rest of your post Philip, but are you certain of that figure?

[philipl]

I'm not ignoring the rest of your post Philip, but are you certain of that figure?

Let's see if anyone posts a different number with any degree of confidence.

I am stressing a mid-July to mid-July comparison and I am not making any forecast about the number which really matters when we kick off against Wolves.

[Ste B]

Let's see if anyone posts a different number with any degree of confidence.

I am stressing a mid-July to mid-July comparison and I am not making any forecast about the number which really matters when we kick off against Wolves.

I thought that a 5000 drop had already been dismissed as more than the current drop.

Cant help but think you are making stuff up as you go along.

[BiggusLaddus]

Two things.

Why is it the sites fault for an individuals comments?

Also why is it Philips fault for pointing out the fact that Venkys employees had likened them to nazis? He was just pointing out that they aren't as highly regarded amongst their workers as has previously been painted. He didn't actually compare them to nazis himself.

Because they haven't. It is quite clearly the hindu version. It is red, with a flat top and looks like it used to have the dots inside the cross.

Far from being a defaced management notice, it is a sign with a good luck charm added to it.

[NookRover]

Two things.

Why is it the sites fault for an individuals comments?

Also why is it Philips fault for pointing out the fact that Venkys employees had likened them to nazis? He was just pointing out that they aren't as highly regarded amongst

their workers as has previously been painted. He didn't actually compare them to nazis himself.

Well because he's wrong about the meaning of the symbol!

[Exiled in Toronto]

When Sky filmed inside a Venky's unit in India, there was a management notice on the wall with a large swastika (Nazi-style, not Hindu-style) inked underneath it. I feared at the time we were being given a message from the local staff.

Your knowledge of Hindu symbols is right up there with your body language interpretation skills.

The lines on the Nazi version are predominantly at a 45 degree angle to the horiozontal and vertical planes. The one in the video is the Hindu version where the lines are predominantly vertical and horizontal.

Far from being a Venky's workers plea along the lines of, "It's too late for us but save yourselves", it is a very positive sign, reflective of the sun's rays.

In the meantime, do carry on partially revealing something which would destroy the club if it was fully revealed.

[Ste B]

Two things.

Why is it the sites fault for an individuals comments?

Also why is it Philips fault for pointing out the fact that Venkys employees had likened them to nazis? He was just pointing out that they aren't as highly regarded amongst their workers as has previously been painted. He didn't actually compare them to nazis himself.

Agreed

[NookRover]

Can't people read any more?

It would appear not!

[imy9]

Your knowledge of Hindu symbols is right up there with your body language interpretation skills.

The lines on the Nazi version are predominantly at a 45 degree angle to the horiozontal and vertical planes. The one in the video is the Hindu version where the lines are predominantly vertical and horizontal.

Far from being a Venky's workers plea along the lines of, "It's too late for us but save yourselves", it is a very positive sign, reflective of the sun's rays.

In the meantime, do carry on partially revealing something which would destroy the club if it was fully revealed.

Glad you said it EIT.

Ignorance is breathtaking on here at times.

It is Hindu symbol and is very positive- if you look carefully there are dots around the sign clearly showing it is the Hindu symbol.

[BangkokRover]

Nazi Symbol

Hindu Symbol

[Steve Moss]

^ Live and learn.

[philipl]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

[imy9]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

Maybe this simply highlights that you should engage your brain before spouting rubbish on here.

Prove what wrong? Kamy has put up an interview on this site where the person interviewed stated that EVERY business that the Raos have is PROFITABLE- a number of these have been set up AFTER the death of the father, so they obviously have business savvy. On top of this Mrs D has won numerous awards for his skills as a business woman.

There is plenty of evidence that tells us that the Raos are not running Rovers properly, so it does not need you talking about body language, community projects being cut and now Nazi symbols to get your obvious agenda based point across.

[keaney23]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

Your looking to much into it with a doom and "Armageddon" on your mind. I know you have your sources and you are listening to them but the one source you have ignored is the horses mouth. For me this thread should of been closed when venkys again denied a Internet rumor which they really did not have to do. For me if there was anything in all thats been said on this message boards I would be reading it in my morning papers.

[BangkokRover]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

Symbol from the Sky Video

[Exiled in Toronto]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

I've got a better idea - you prove you are right.

[BiggusLaddus]

OK my apologies, I made a mistake with that symbol.

Please please, prove the rest of what I have posted wrong.

No philip. If you make a statement it is for you to prove it is correct, not others to prove it wrong.

[Gav]

I'm not ignoring the rest of your post Philip, but are you certain of that figure?

Season ticket sales have picked up in the past couple of weeks, not sure about numbers, but thats from the ticket office.

[BangkokRover]

Your looking to much into it with a doom and "Armageddon" on your mind. I know you have your sources and you are listening to them but the one source you have ignored is the horses mouth. For me this thread should of been closed when venkys again denied a Internet rumor which they really did not have to do. For me if there was anything in all thats been said on this message boards I would be reading it in my morning papers.

Just as they have denied the story does not mean they will not sell. How many times do football clubs give a manager a vote of confidence then sack him or say we are not after a player and sign them?

Season ticket sales have picked up in the past couple of weeks, not sure about numbers, but thats from the ticket office.

LMAO what do you expect them to say?

Be honest everyone will be shocked if season tickets are the same level as last season.