[Archived] Rumour: Venky's To Sell?

[tony gale's mic]

I am not insulting nor trying to wind up anyone in this process LeChuck. I am as concerned during this whole situation as you are.

Looking at it through an accounting perspective.

Dr....??? £18.m

Cr Mortgage Loan Account £18m

If it was an EXTRA mortgage as Matty suggested, then does anyone know where that £18m went?

£2.5 million on Roque's wages for half a year. Probably another £1 million on Jones' wages (only bit of money well spent) £5 million on transfers, much of which looks squandered so far. God knows how much in agent fees, but see this article: (http://www.express.co.uk/posts/view/17086/) so maybe £2-3 million is a realistic conservative estimate? A few million for Sam's severance package.

Seriously, open your eyes.

on the pitch, everton will struggle this season, tony.

i saw them at gigg lane on friday.. they had yakubu and beckford upfront and beckford got injured!

spurs will do ok on the pitch.. but off it they are really screwed. failure to get the new stadium and theyd banked on champs lge qualification.

People always say that Everton will struggle. They'll do what they do every year, start badly and finish strongly. Maybe not quite as high as this year but relegations not on the cards.

Spurs will be fine off the pitch. A club will come in for a fair price for Modric and that will more than cover any losses and have a squad which is still pretty strong.

[rebelmswar]

I swear some on here remind me of people that refuse to notice warning signs.

Same people who bugger about it the back of a TV with a screwdriver quite happily until they have a Don King hairstyle, sprawled against a wall, with a melted screwdriver in their hand.

Then say "Well there was no way to know that would happen" When they can actually speak again.

[Parsonblue]

Personally, I believe we will bring in a striker and a midfielder, as stated by our Owners on the Official Website. As things stand, Rovers will be a debt free club if the P Jones money is used to clear off the debt. I also believe we will have a new sponsor in place by then.

Even if we don't bring in quality players, the owners should get as much stick as the Trustees, because in essence they are doing the same thing.

The difference, and it's a major difference, is that the Trustees kept experienced guys on the ground, at Ewood, who had the power to make decisions. This mob of wannabes have got rid of all those, promised the earth and are now backsliding now that reality has hit home.

The reality is season ticket sales are down, shirt sponsor gone, chairman gone, managing director gone, hard working club secretary gone, experienced manager gone, experienced assistant manager gone, club doctor gone, Phil Jones gone, Jermaine Jones -the decision they got right - gone. But hey, we've got Myles Anderson and perhaps a Brazilian right-back who will just about make the reserve team.

This is nothing like the Trustees who gave us a decade of top flight football, the longest run since 1936. Do you honestly believe that this mob could keep us in the top flight for ten years? With our present squad I would gladly settle for fourth from bottom before a ball is kicked.

[Kelbo]

Personally, I believe we will bring in a striker and a midfielder, as stated by our Owners on the Official Website. As things stand, Rovers will be a debt free club if the P Jones money is used to clear off the debt. I also believe we will have a new sponsor in place by then.

Even if we don't bring in quality players, the owners should get as much stick as the Trustees, because in essence they are doing the same thing.

But we still have a debt, debts wont be cleared!!!

[Gav]

Spurs and Everton have managers who know what they're doing, have football administrators at the club who know what they're doing, take in much more through gate receipts and don't have teams which narrowly avoided relegation. And haven't sold one of their best players.

So no, not in the same boat at all.

In the same boat was referring to loans being called in by the banks unexpectedly TGM.

[A cup of beans]

People always say that Everton will struggle. They'll do what they do every year, start badly and finish strongly. Maybe not quite as high as this year but relegations not on the cards.

any team that cant score goals will struggle. as watching rovers proved last year.. and looks like being the same again this year!

With our present squad I would gladly settle for fourth from bottom before a ball is kicked.

me too.

[Kelbo]

I swear some on here remind me of people that refuse to notice warning signs.

Same people who bugger about it the back of a TV with a screwdriver quite happily until they have a Don King hairstyle, sprawled against a wall, with a melted screwdriver in their hand.

Then say "Well there was no way to know that would happen" When they can actually speak again.

Rebels, I'm splitting my sides at that one, but so very true

[Blue n White Rover]

£2.5 million on Roque's wages for half a year. Probably another £1 million on Jones' wages (only bit of money well spent) £5 million on transfers, much of which looks squandered so far. God knows how much in agent fees, but see this article: (http://www.express.c...sts/view/17086/) so maybe £2-3 million is a realistic conservative estimate? A few million for Sam's severance package.

Seriously, open your eyes.

Thanks for clearing that up.

It is very poor that the Owners have had to take out a pointless loan then and that they need to invest some of their own cash to clear this situation up.

So from what I gather, our income and expenditure looks like this?

Plus: Barclays Mortgage £18m

Less: Formica £3m

Less: Rochina £1.5m

Less: RSC Wages: £2.5m

Less: JJ Wages £1m

Less: Wage increases in new contracts £1m-ish

Less: Big Sam £3.5m-ish

Less: Agent Fees £2m

Less: Other £4.5m

So that is how the £18m was spent, and now that Barclays loan is being paid off using P Jones' sale. So basically, we have invested P Jones money in 2 permanent signings, 2 loans (1 of which was a success), getting rid of a love/hate manager, agent fees and tying down key players to longer term contracts?

Correct?

[broadsword]

It is now time for action, so relax.

Yes, they have been waiting for their moment to strike.

6 weeks into the transfer window is the ideal time to announce you will be striking in a few weeks.

They don't hang about these fellas. There's no rush to get a new sponsor when you're less than 4 weeks away from the start of the season, you have to wait until the time is right!

They'll pick their moment and then THEY'LL LEAP INTO ACTION like the indian tigers they are. We know they will because they've said so, and they haven't broken any promises so far. their word is their bond.

[tony gale's mic]

Thanks for clearing that up.

It is very poor that the Owners have had to take out a pointless loan then and that they need to invest some of their own cash to clear this situation up.

So from what I gather, our income and expenditure looks like this?

Plus: Barclays Mortgage £18m

Less: Formica £3m

Less: Rochina £1.5m

Less: RSC Wages: £2.5m

Less: JJ Wages £1m

Less: Wage increases in new contracts £1m-ish

Less: Big Sam £3.5m-ish

Less: Agent Fees £2m

Less: Other £4.5m

So that is how the £18m was spent, and now that Barclays loan is being paid off using P Jones' sale. So basically, we have invested P Jones money in 2 permanent signings, 2 loans (1 of which was a success), getting rid of a love/hate manager, agent fees and tying down key players to longer term contracts?

Correct?

Christ.

We've spent £18 million, and literally the only things that have been a real success out of that has been having JJ for 6 months and getting Samba on a new contract. Nelsen is far from the player he was two years ago unfortunately, though it is nice to see him stick with us. Even Rocinha has just showed a few nice touches but that's about it.

We also lost a manager who you might call "love/hate", but who was a very good manager at what he did - just some fans didn't appreciate what he did. It doesn't surprise me those are some of the same fans now sticking up for Venky's.

[hawkiiz]

you are not taking into account ANY other income than the £18m though. No sponsor money, and no ticket/pie money, no merch and no TV money. So it does not add up, and will not add up untill someone can sneak a copy of all Rovers' accounts, so we can see where money went.

[den]

THANKS AGAIN, DEN. i was meaning 47ers misgivings! AS I HAVE ALREADY SAID!

Yeah, I know that. Just wanted to make the point though.

.....................................

Got to say, that statement on the official site looks like the first time Venky's have had to take a backward step.

The pressure is telling.

[tony gale's mic]

you are not taking into account ANY other income than the £18m though. No sponsor money, and no ticket/pie money, no merch and no TV money. So it does not add up, and will not add up untill someone can sneak a copy of all Rovers' accounts, so we can see where money went.

Ticket money/Sky money is a fairly constant source of income which is used to fund the wage bill.

And sponsor money? What sponsor money?

We have it on very good authority that £18 million was taken out. And most of that expenditure is from things again we already know about.

So no, it doesn't fully add up but it's highly likely most of that £18 million has gone on the things stated.

[A cup of beans]

Yeah, I know that. Just wanted to make the point though.

.....................................

Got to say, that statement on the official site looks like the first time Venky's have had to take a backward step.

The pressure is telling.

my quick review of the statement is.. vague waffle issued to buy them some time.

[den]

my quick review of the statement is.. vague waffle issued to buy them some time.

Well it's very obviously a reaction to the stories in the Sunday Mirror and other media - and also the fans reactions in the LT and on here.

The thing to look for is what they don't say.

[philipl]

Thanks for clearing that up.

It is very poor that the Owners have had to take out a pointless loan then and that they need to invest some of their own cash to clear this situation up.

So from what I gather, our income and expenditure looks like this?

Plus: Barclays Mortgage £18m

Less: Formica £3m

Less: Rochina £1.5m

Less: RSC Wages: £2.5m

Less: JJ Wages £1m

Less: Wage increases in new contracts £1m-ish

Less: Big Sam £3.5m-ish

Less: Agent Fees £2m

Less: Other £4.5m

So that is how the £18m was spent, and now that Barclays loan is being paid off using P Jones' sale. So basically, we have invested P Jones money in 2 permanent signings, 2 loans (1 of which was a success), getting rid of a love/hate manager, agent fees and tying down key players to longer term contracts?

Correct?

Less Sky shortfall for coming 15th not 10th £4m

Less Fewer TV matches £1.5m

Less "normal" operating losses for 6 months £2.5m

Less agent fees understated by at least £2m

Less wage cost increases understated by at least £1m

Less other compensations for departures £0.5m

...and that is what we can reasonably make a stab at.

[jim mk2]

It's becoming more and more obvious that Samba will have to be sold this window to cover all the fees / debts / loans / running expenses / wages.

Assuming he is sold, the team that finished last season will be minus Jones, Jones and Samba and still lacking a quality striker and creative midfield player. Without spending some serious money how do the owners expect Rovers to survive next season ?

[RibbleValleyRover]

Several veterans recieved new contracts as well, you can add that to the list of money wasted.

[Blue n White Rover]

Less Sky shortfall for coming 15th not 10th £4m

Less Fewer TV matches £1.5m

Less "normal" operating losses for 6 months £2.5m

Less agent fees understated by at least £2m

Less wage cost increases understated by at least £1m

Less other compensations for departures £0.5m

...and that is what we can reasonably make a stab at.

So in truth, the £18m wasn't spent very well as we have roughly established. Now, can someone do the same for the RSC, Bentley, Duff, Bellamy etc money please?

[jim mk2]

So in truth, the £18m wasn't spent very well as we have roughly established. Now, can someone do the same for the RSC, Bentley, Duff, Bellamy etc money please?

Wages.

[BangkokRover]

Thanks for the excellent information in this thread we can only hope more media sources pick it out and the truth will come out.

[hawkiiz]

Ticket money/Sky money is a fairly constant source of income which is used to fund the wage bill.

And sponsor money? What sponsor money?

We had a sponsor last season + stadium sponsors etc. It's more than just the shirt sponsor.

[Miker]

Are there any clubs that are actually running on profit and haven't amassed huge debts? Do we have any other method of clearing the club's debts, especially with the soon to be imposed Fair Play rules? I was under the impression that we were aiming for a self-sustaining business model, so that owners didn't have to pump their own money into the club that they would inevitably just be "throwing into the void".

Can someone explain this to me? I'm a bit confused about football clubs and their finances.

[Blue n White Rover]

Wages.

Which is what Venky's have also done. The only thing they can be blamed for is the loss of income due to finishing 15th and excess payments of agent fees. I would also like to point out that The Trust also wasted several million on appointing Paul Ince, and giving Big Sam a healthy "survival" bonus.

[Silencio]

A disgusting state of affairs but it was pretty clear we were on the road to ruin from day one with this lot, they have torn the club apart in record time, there is no one with any sense left to steady the ship.

Kean and Venky's out...

Which is what Venky's have also done. The only thing they can be blamed for is the loss of income due to finishing 15th and excess payments of agent fees. I would also like to point out that The Trust also wasted several million on appointing Paul Ince, and giving Big Sam a healthy "survival" bonus.

Ince was one mistake in 10 years, how many have these scumbags made in 9 months. How was giving Sam a bonus a waste of money? Jesus Christ!!!