[Archived] Rumour: Venky's To Sell?

[rebelmswar]

Steady on old chap!

My B.

Thought that the words drain and vermin worked well together.

Not that I think you are a rat SG194.

[Herbie6590]

"You don't need to buy players....you can loan them"....now there's an idea....

[Kelbo]

Do you mean thar all forum threads are fact? So if I say that someone at the rovers has told me that venky plan to turn all the food outlets at ewood into venky chicken this is true.

All I am asking is for one person to send me a link to an article with a direct quote from someone who has been or is currently employed in a senior management role at rovers. Can you do this?

Do you believe everything you read in the mirror or on twitter.

Did you not read the post where Philip actually posted the Bank overdraft document to be paid by June 30th 2011

and the fact that all this was verified by visiting companies house?

[donegalrover]

THEY'RE 'miffed' are they?

Where's me violin?

[gumboots]

For f**ks sake . Venky must be smart people to build a multinational business. I think they understand money.. You can question their knowledge of football.

I will repeat, does anyone know this is true or does this fall into the British army torturing Iraqis another mirror story which turned out to be rubbish. The media even get the name of a player on trial wrong. Everyone is taking twitter rumour as true without knowing the source.

Can anyone send me a link with a direct quote from anyone who works at the club..... No.. Not one. How about a quote from anyone who left the board recently..... No.

How about a comment from the bank.... No. So no one wants to put their name against the story.

So all this is based on an article in the mirror and twitter .Why do you think sky haven't run with it.

I'm not taking anything purely on the basis of a Mirror article or what someone says on twitter. However, the lack of activity other than outgoing, the stalling on players who cost nothing or next to nothing in modern terms other than wages, even when said players are supposed to be keen to come here, and the statement asking for patience whilst promising nothing to be patient for, together with the articles in the Mirror and on twitter and info passed on by those who are right about things Rovers at least half the time, leads me to believe that things are in a very poor state at Rovers. If you can't see that then you must be wilfully ignoring the eveidence before you. If we could buy, don't you think we'd have at least made proper bids for someone by now. Have we? Most clubs whose players we were supposed to want said they had heard nothing official. Sky probably haven't run with it because there are big club stories out there at the moment; they too know but can't risk running stories; they don't think we matter enough at this stage to run stories until they are 100% confirmed and can be proven. That doesn't mean to say that there is no substance to rumour, just that Sky don't want to be involved yet.

[Rover & Out]

If the situation regarding the overdraft is true then it is again hard to slate Venkys for it.

Obviously i'm not privy to the circumstances that led to the banks decision so I do agree that some or all of the blame could well be attributed to Venky's.

I do think they've got a right to sulk over this situation considering every other club is able to rely on debt financing.

Some Premiership clubs would be in a lot worst situation if their debt became immediately redeemable.

If they stick their hands in their pocket, which it appears they will have to, then fair play to them.

So am I right in thinking if Venky's pay off this amount then the club is effectively debt-free?

[PAFELL]

Did you not read the post where Philip actually posted the Bank overdraft document to be paid by June 30th 2011

and the fact that all this was verified by visiting companies house?

People often don't like the truth even when it is front of them.

(check your messages please)

[Darmond]

I remember asking this before but have forgotton the answer. who or what is brfci? Are venkys accountable to brfci? I ask because of this line in that statement - The Venky's Board has given assurances to BRFCI that Venky's:

Can brfci takeover the club if venkys are considered unfit to continue/ etc etc.

BRFCI in that document = BRFC Investments Limited, incorporated in Jersey and indirectly owned by the Walker Trustees (see page 17 of 19).

From what everyone says on this board, chances of Walker Trustees acting on anything as per this document would appear nil.

Also on page 2 of 19 is "Cautionary notes regards forward-looking statements." which seems to say that legally speaking, any of the terms saying "will" or "intend" are basically not worth toffee (which I would expect is typical of this kind of document although I wouldn't know for sure).

[booth]

It makes me want to go and watch non-league football just so I can fall back in love with the sport again.

Hang about, you may get your wish granted

[PAFELL]

If the situation regarding the overdraft is true then it is again hard to slate Venkys for it.

Obviously i'm not privy to the circumstances that led to the banks decision so I do agree that some or all of the blame could well be attributed to Venky's.

I do think they've got a right to sulk over this situation considering every other club is able to rely on debt financing.

Some Premiership clubs would be in a lot worst situation if their debt became immediately redeemable.

If they stick their hands in their pocket, which it appears they will have to, then fair play to them.

So am I right in thinking if Venky's pay off this amount then the club is effectively debt-free?

Please read the thread from at least this morning. The mortgage is a different debt from what the club had when the trust were in charge. During the time venkys have owned the club there has been the debt the club already had - plus a mortgage that was due to be paid end of June. So the club IS NOT DEBT FREE. Worse still it cannot borrow anymore to fund transfers / wages / agents even if the players are free transfers. Thats how I understand today events.

[47er]

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.

Den------you're quoting Zac who has some issue with my misgivings about Venkys------apparently.

Don't know why------my misgivings which began with the sacking of Sam and his replacement and continued with all the other shambolic events thereafter are exactly the same as just about everyone else's!

I didn't need some insider sesational last-minute info to form my views. As far as I'm concerned it was all out there months ago. You had to have had an agenda not to notice how it was all panning out!

[T.J.Newton]

If the situation regarding the overdraft is true then it is again hard to slate Venkys for it.

Obviously i'm not privy to the circumstances that led to the banks decision so I do agree that some or all of the blame could well be attributed to Venky's.

I do think they've got a right to sulk over this situation considering every other club is able to rely on debt financing.

Some Premiership clubs would be in a lot worst situation if their debt became immediately redeemable.

If they stick their hands in their pocket, which it appears they will have to, then fair play to them.

So am I right in thinking if Venky's pay off this amount then the club is effectively debt-free?

if halve of whats been about the finances are true it seems like venkys where misslead/stiched/badly advised(take your pick) when they bought the club, im sure the dust will settle theyl pay what they have to and things will get rolling again.

[Tyrone Shoelaces]

Den------you're quoting Zac who has some issue with my misgivings about Venkys------apparently.

Don't know why------my misgivings which began with the sacking of Sam and his replacement and continued with all the other shambolic events thereafter are exactly the same as just about everyone else's!

I didn't need some insider sesational last-minute info to form my views. As far as I'm concerned it was all out there months ago. You had to have had an agenda not to notice how it was all panning out!

Quite right. It's been down hill all the way since the chicken chokers set foot in Ewood.

[DavidMailsTightPerm]

Please read the thread from at least this morning. The mortgage is a different debt from what the club had when the trust were in charge. During the time venkys have owned the club there has been the debt the club already had - plus a mortgage that was due to be paid end of June. So the club IS NOT DEBT FREE. Worse still it cannot borrow anymore to fund transfers / wages / agents even if the players are free transfers. Thats how I understand today events.

Hmm.. playing devils advocate - how do we know this isn't what they intended to do all along - and repay the mortgage ? Maybe they want to fund us a different way - or even pay off the debt out of their own pockets ? So many differing rumours - they have no money - but they also (rumour again) put over £40m in our bank account for a marquee signing ?

The truth is - I don't think anybody really knows what is going on unless they are part of the Venky family or close advisors - in India. The scenario above - though possibly wrong - would still fit in with what has happened - but put a far brighter slant on current happenings. Everything can be twisted to suit peoples agendas. The fact is - we will know come the end of August what the reality is - good or bad.

[Rover & Out]

Please read the thread from at least this morning. The mortgage is a different debt from what the club had when the trust were in charge. During the time venkys have owned the club there has been the debt the club already had - plus a mortgage that was due to be paid end of June. So the club IS NOT DEBT FREE. Worse still it cannot borrow anymore to fund transfers / wages / agents even if the players are free transfers. Thats how I understand today events.

I was aware of the confusion earlier as to whether this mortgage was indeed the one in place before or one which was negotiated post-takeover.

I just struggle to believe that £18m could have been blown in half a season with little to show for it.

Venkys are somewhat of an enigma but what seems apparent is that they don't like to waste their money (especially in the transfer market!!).

[SIMON GARNERS 194]

If they stick their hands in their pocket, which it appears they will have to, then fair play to them.

Eh?

I thought they had made promises to back the club financially with their own money?.Putting the club into further debt to fund spending was never mentioned as far as I believe.

Do they actually have enough money of their own to spend on us?

I wish to God they would agree to a Q+A session with the fans.....probably too much to ask of them.

[PAFELL]

Hmm.. playing devils advocate - how do we know this isn't what they intended to do all along - and repay the mortgage ? Maybe they want to fund us a different way - or even pay off the debt out of their own pockets ? So many differing rumours - they have no money - but they also (rumour again) put over £40m in our bank account for a marquee signing ?

The truth is - I don't think anybody really knows what is going on unless they are part of the Venky family or close advisors - in India. The scenario above - though possibly wrong - would still fit in with what has happened - but put a far brighter slant on current happenings. Everything can be twisted to suit peoples agendas. The fact is - we will know come the end of August what the reality is - good or bad.

I think some people are judging Venkys just how they do in this transfer window. Instead of giving a judgement for the way they have run the club for the past few months. Transfers is but one area of running a club, but not the sole area.. (this is not a dig by the way, just debating)

[Rover & Out]

I wish to God they would agree to a Q+A session with the fans.....probably too much to ask of them.

Maybe somebody should set Mrs. D an account on here.

Feed her to the wolves so to speak!

[Gav]

You aren't on this planet Gav, seriously. Hanley replacing Samba is the tip of the iceberg.

Have I given up? I don't quite know how I can "give up", "give up" on what. Believing in Venky's? I have given up on Venkys but that doesn't have any bearing on real life events because like an idiot I will still attend the games, so they'll still get me paying into the club. Sadly, what does have a bearing is that it appears that Venky's have given up on Blackburn Rovers, not completely, but enough to cause serious concern. I feel that we're in a worse position than twelve months ago because at least the trust had some kind of connection to the club through Jack. Infact under our chicken overlords, I feel that we are totally screwed. I can't even see how we'd be a decent championship club, as I don't see Venky's looking downwards for decent players. We're looking at even cheaper options, aged journeymen being paid peanuts (Pavone - WTF is that about, and we're even struggling to sign him). There's only one way and that's down. Sorry if I sound disappointed, but unlike you and a few others I don't think we'll do okay if we go down. I think we'll go into free-fall without people at the club who give a toss. Venky's won't have any need for the club in the championship. They don't give a toss now let's face it. When you consider we could jeopardize their main mission in business, it's unsurprising they don't want to, as they see it, throw away good money after bad. So don't be surprised if I don't have much faith in Venky's.

Now if all that means I've given up on them then so be it. But you know what I'm a Blackburn Rovers fan, not a Venky's fan. So I couldn't give a stuff. But you can keep smiling Gav, because as you say it may never happen.

Of course, that's all unless Venky's suddenly have an epiphany about actually wanting to run and invest in a football club?

So Hanley can't replace Samba - but we don't have any bleeding choice in the matter by the sounds of things, unless you have a master plan booth, if so lets here it.

[Rover & Out]

So has anyone had the chance to look over the accounts ending 30th June 2011 as of yet or have they not been made available to the public yet?

They will no doubt reveal all.

[rebelmswar]

So Hanley can't replace Samba - but we don't have any bleeding choice in the matter by the sounds of things, unless you have a master plan booth, if so lets here it.

Don't sell him?

If I may be so bold your Gavyness?

[Herbie6590]

Maybe somebody should set Mrs. D an account on here.

Feed her to the wolves so to speak!

Is Mrs D Roverinsider ????

[nicko]

O and Mr.Nixon, speaking of sulking what was the name again of that fullback you said was at rovers last week before your break.

Ribeiro. Bruno not Jorge or Nuno. My mistake.

[phili]

I'm still not sure when it is going to dawn on people that Venkys have been trying to run blackburn in the same way Hicks tried to run Liverpool but without the turnover to do so.

If we break this down, before the trust sold us we had a £15m overdraft for cash flow purposes. We still even with having a trading surplus of £5m ran at breakeven at best, loss making at worse. Now in the past 6 months we have increased spending exponentially. Look at playing squad wages up by 10% with new contracts awarded in January, that has immediately increased cost basis and made us loss making even if we still had jw in charge. The costs increases have been documented and can be seen where an additional £18m has gone but that has been secured against club assets for the first time in 25 years and the major reason jw left and the trust were up in arms in may. With the trust this was never the case, all debts were secured against the assets of the trust and would never have been called in by Barclays, even if they did the trust had large cash reserves or other business interests such as Flybe that could be borrowed against.

[booth]

So Hanley can't replace Samba - but we don't have any bleeding choice in the matter by the sounds of things, unless you have a master plan booth, if so lets here it.

Yes I do.

Either don't sell our best players.

Or sell them and replace with players of equal or greater quality.

Or you could decide not to buy a football club and ###### about with it when you don't know what you're doing, in the first place.

Does that fulfill the Gav positivometer?

Saying "oh we can replace him with Hanley because we don't have much choice." Why stop there? Replace Hanley with Roar, I hear he's out of work. Or get a different set of fans to play every week? Most would do it for nothing

You could do that, but you will sink very quickly.

Edit: Channel 4+1, I wonder if Venky's had a word with Bryan Robson before buying.