[Archived] Rumour: Venky's To Sell?

[BangkokRover]

b. What sort of idiot would sign for us if we cannot pay his wages?

Bang goes Juniors new contract then.

[DE.]

If I didn't know any better I'd say Venky's were closet Burnley fans.

Could they have handled this situation any worse? I struggle to think of a single positive thing they've done for the club since they bought us. The season ticket prices have stayed low - but it wasn't something they introduced, and any increase would likely have seen a significant decrease in ST sales (or even more significant, depending on who you believe). Rochina and Formica can't be considered successes, Jermaine Jones perhaps temporarily but he's now gone. Don't even get me started on RSC and his £90k p/w wages sucking us dry. Meanwhile they sacked the majority of our existing experienced higher-level staff, which would have been fine if they'd planned to replace them with characters of similar ilk... but Keano certainly doesn't fit the bill, and I see no benefit in sacking Williams & Finn to bring in Hunt. Yes, it's their club, they can do what they want, jobs always change hands in takeovers etc, but most companies have an idea of employees they think can fill the voids left and improve. I've seen no evidence Venky's ever had a plan for our club, it just seems like they wanted to stamp their authority on proceedings and if you didn't toe the line you were out on your arse.

Part of me desperately hopes they sell asap, because Venky's are quite clearly out of their depth, but then I think... who do they sell to? Who would want to by Blackburn Rovers for any purpose other than asset stripping or some other financial or commercial gain at the expense of the club? Only a rich fan, and there ain't any Jack Walkers around

The thing that I don't understand is people exonerating Venky's by saying they "had the wool pulled over their eyes" by Kentaro et al... was it Kentaro who conducted due diligence? Did the Kentaro agents put a gun to Mrs Desai's head and tell her to purchase Blackburn Rovers? As far as I'm concerned they have no excuse if they truly have walked into this situation ignorant of the realities of owning a Premier League football club... it's quite simply incompetence of the highest order and I only hope that isn't the case.

[thenodrog]

Shouldn't be a problem to billionaires.

Ouch!

[47er]

Amazing that you are so smug after you were so pro takeover and pro Venkys until they binned saint Sam.

I was very much pro-takeover becuase we were going nowhere but down (eventually) under the Trust.

Sacking of Sam was one thing but replacement by Kean is quite another.You seem to miss that bit out.If he been replaced by Saint Mark or somebody else with a clue I wouldn't have been bothered. That and a long list of broken promises and poor decision-making have convinced me that the faith I had in the Trust to at least get the selling decision right was quite mis-placed.

But throughout all this,Zac continued to accuse those who were unhappy with Venkys of hysteria and having an agenda.

GLAD TO SEE HIM ON-BOARD!!

[thenodrog]

Seems to me there is no smoke without fire. There has been no clear indication that the current owners have the financial capability to operate at the levels required to run a successful Premier League football club. Everything points to the entire episode having been an embarrasingly poor ego trip for wannabe jet setters. One phrase sums it up for me:

"Champagne tastes, Brown ale pockets"

See my sig WIR.

[davulsukur]

I was very much pro-takeover becuase we were going nowhere but down (eventually) under the Trust.

Sacking of Sam was one thing but replacement by Kean is quite another.You seem to miss that bit out.If he been replaced by Saint Mark or somebody else with a clue I wouldn't have been bothered. That and a long list of broken promises and poor decision-making have convinced me that the faith I had in the Trust to at least get the selling decision right was quite mis-placed.

But throughout all this,Zac continued to accuse those who were unhappy with Venkys of hysteria and having an agenda.

GLAD TO SEE HIM ON-BOARD!!

We were going no where but the championship under the trust, a take over was always going to be risky business unless we were taken over in a man city style.

[thenodrog]

Venkys incompetence is baffling- how these people are managing to run other businesses, and supposedly do it successfully, is beyond me

They know their own business. They know the rules or lack of them in India. But they know diddly sqat about Prem football, British business methods..... and British Banks. Unfortunately they don't appear to have enough wool on their backs to cover it.

[tony gale's mic]

We were going no where but the championship under the trust, a take over was always going to be risky business unless we were taken over in a man city style.

Sorry this myth is trotted out continuously and it's complete and utter nonsense. I'd go as far as to say it's a total lie.

We were on course for a fifth top ten finish in six years under the Trust's stewardship. Relegation had barely been a worry other than when Ince took over - and that was rectified pretty quickly.

I'm not saying we definitely wouldn't have been relegated under the Trust but when the Trust left us we were a stable Premier League club with a reputation for being extremely well run.

[thenodrog]

So the money Venky's initially earmarked for transfers are now going to the bank. So we're left with no incoming players this window. Therefore the worst case scenario is that we go into the season with the squad as it is at the moment possibly minus Samba. Bad news.

Surely Hoilett would be mad to resign at the moment. Equally surely Venkeys would be ill advised to resign him.

[A cup of beans]

But throughout all this,Zac continued to accuse those who were unhappy with Venkys of hysteria and having an agenda.

GLAD TO SEE HIM ON-BOARD!!

i stand by wanting to give them time and stuff.. and believed and still believe

most were against the owners purely because they sacked fat sam. that was their agenda.

dont come here now saying you had misgivings about the owners financial capital.. and astuteness!

cos i wont believe you!

so am i off ignore now ??

[thenodrog]

I was very much pro-takeover becuase we were going nowhere but down (eventually) under the Trust.

In your opinion. Little wind in the sails but steady hands on the tiller rarely sees ships sink. Stormy waters and a broken rudder do that. With allardyce we had the best manager available for a club with little money. If the news about Villa,Spurs and Everton etc is right then we are not alone in the Prem with no money. Sounds crap but we could have drifted along in the Prem for years with the infrastructure that we had in place.

i stand by wanting to give them time and stuff.. and believed and still believe

most were against the owners purely because they sacked fat sam. that was their agenda.

dont come here now saying you had misgivings about the owners financial capital.. and astuteness!

cos i wont believe you!

so am i off ignore now ??

thats a long way of saying 'I was wrong and I apologise to all the people that I criticised'.

[A cup of beans]

In your opinion. Little wind in the sails but steady hands on the tiller rarely sees ships sink. Stormy waters and a broken rudder do that. With allardyce we had the best manager available for a club with little money. If the news about Villa,Spurs and Everton etc is right then we are not alone in the Prem with no money. Sounds crap but we could have drifted along in the Prem for years with the infrastructure that we had in place.

i can only deduce that the owners dont want to spend their own money on us. that is unforgivable if true!

and ive just had that confirmed, by a source!

MY GOD!

[budha]

Same source as with Ribeiro?

[Gav]

A blind man on a galloping horse could surely see that. Gav if the bank wont sanction anymore spending then a. How the hell do we sign anybody? No selling club will deal will they?

b. What sort of idiot would sign for us if we cannot pay his wages?

Honestly this place is like a bloody creche at times.

From what I've been told the bank have only pulled the plug and demanded the money recently, this wasn't the case from the beginning, in fact wasn’t the case a month ago.

Nicko posted potential signings in good faith, this was the case then, isn't the case now.

[A cup of beans]

Same source as with Ribeiro?

nope.. over to you then. brainbox!

From what I've been told the bank have only pulled the plug and demanded the money recently, this wasn't the case from the beginning, in fact wasnt the case a month ago.

Nicko posted potential signings in good faith, this was the case then, isn't the case now.

100% right. GAV! doesnt help us in the situation we are in now though.

owners need to dip into their own pockets... and quick.

[greco]

i stand by wanting to give them time and stuff.. and believed and still believe

most were against the owners purely because they sacked fat sam. that was their agenda.

dont come here now saying you had misgivings about the owners financial capital.. and astuteness!

cos i wont believe you!

with all that has happened, those who saw the failures and broken promises, as an indication of what was to come, they were hitting the nail on the head, repeteadly.

you couldnt counter their views with logical reasoning and i suspect its due to a severe lack of intelligence, wouldnt you agree barry white Jr.?

Thay had a honeymoon period, but that quickly dissapeared and those with minimal brain capacity, could see that something wasnt right.

I guess having an "agenda", beats being to thick to comprehend what was happening

[philipl]

i can only deduce that the owners dont want to spend their own money on us. that is unforgivable if true!

and ive just had that confirmed, by a source!

MY GOD!

I had heard this back in January and dismissed it. Even when we found the mortgage had gone in, I accepted that this was bungling by naive new owners.

Now, I am pretty certain Mrs D has decreed that family funds are not to be touched and am watching to see if those crying "asset strippers" are being proven right.

I hope not but props could be due to the normally highly informed and respected poster who said that the day after Venky's were confirmed as the purchasers.

[tony gale's mic]

dont come here now saying you had misgivings about the owners financial capital.. and astuteness!

cos i wont believe you!

Plenty of us severely questioned the owners' astuteness when they removed Sam, appointed Kean and spoke about a top 5 finish.

Plenty of us severely questioned how a company with a relatively small annual profit (£9 million) could be expected to fund a Premier League club unless all their profits were to go into Rovers (which was never going to happen).

There's plenty of evidence on this board to support this.

[Miker]

i can only deduce that the owners dont want to spend their own money on us. that is unforgivable if true!

and ive just had that confirmed, by a source!

MY GOD!

Was it the flying spaghetti monster?

[jim mk2]

I was very much pro-takeover becuase we were going nowhere but down (eventually) under the Trust.

With hindsight wouldn't you say we were pottering along quite nicely with a proper manager and administrators ? Wouldn't you like to turn the clock back 9 months ?

[tony gale's mic]

From what I've been told the bank have only pulled the plug and demanded the money recently, this wasn't the case from the beginning, in fact wasn’t the case a month ago.

Nicko posted potential signings in good faith, this was the case then, isn't the case now.

Doesn't change the fact that this loan was taken out in the first place by Venky's - and used to fund what exactly?!

[broadsword]

With hindsight wouldn't you say we were pottering along quite nicely with a proper manager and administrators ? Wouldn't you like to turn the clock back 9 months ?

Wouldn't we all.

Although those same administrators wanted to dispose of us.

However I distinctly remember Nicko saying the Trust were looking at alternative ways to finance us and if Venky's hadn't appeared when they did we would've been taken off the market.

[SIMON GARNERS 194]

I'd not go that far, the situation with incoming transfer money couldn't have been foreseen, and has hit more than just us.

Has an asset been used, yes (ALLEDGEDLY), but was that the intention, NO.

We cant butter this up anymore pal..the Wolves have got through the cat flap and are making a real mess.

This really is the sum of all fears come true,the slow motion car crash in full effect,and for the sake of BRFC I hope to God Venky's are gone for good asap.

20 years of hard work both on and off the field of play are going down the sh1tter!

[Parsonblue]

i stand by wanting to give them time and stuff.. and believed and still believe

most were against the owners purely because they sacked fat sam. that was their agenda.

In fairness zac, I think the timing of the sacking of Sam showed just how little knowledge they had of the Premier League. To sack him at that point was a gamble which could or could not have worked out. The appointment of Kean was another illustration of their willingness to gamble with the future of the club. I also think the January window gave an early indication that money was not as readily available as some would have had us believe.

However, the past is the past and it's pointless going over old ground. We are in a mess and unless there is a willing buyer out there, who has the money to prop up a Premier League club, I suspect we are destined for another relegation battle. The evidence on show on Saturday suggests this squad is nowhere near good enough to survive.

[A cup of beans]

Plenty of us severely questioned the owners' astuteness when they removed Sam, appointed Kean and spoke about a top 5 finish.

Plenty of us severely questioned how a company with a relatively small annual profit (£9 million) could be expected to fund a Premier League club unless all their profits were to go into Rovers (which was never going to happen).

There's plenty of evidence on this board to support this.

i was meaning 47ers misgivings..