[Archived] Rumour: Venky's To Sell?

[JAL]

Takeover details

click the link for the takeover details

Venkys exposed !

Go home Indians before its too late.

[SIMON GARNERS 194]

Shares in the club only valued at 17.17 pence each...that seems very low indeed.

[T.J.Newton]

Ribeiro. Bruno not Jorge or Nuno. My mistake.

Fair play to ya.

[Kelbo]

Ribeiro. Bruno not Jorge or Nuno. My mistake.

Takes a man to say that Nicko, thats earned respect, by the way, where is Joe Craig now?

[chaddyrovers]

Venkys NEED to sell the club now.

They obliviously do not have the cash to run a PL football club and didn't know what was involved in running a football club.

Plus they don't want to invest their own money into the club!

Please leave the club now, don't pass go and don't collect 200 pounds on your way

[Gav]

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.

Try having a pint, going for a walk or spending time with loved ones, works a treat.

What will be will be, you have to make the best of it booth, and on that note I'm walking round to gordons house for a pint and cuddle.

Don't sell him?

If I may be so bold your Gavyness?

Its out of our hands though harpo, isn't it?

[beerwins]

Is Mrs D Roverinsider ????

Mr's D would never have a Roverinsider :wub:

[Ricky]

Just out of interest Nicko, with the Ribeiro thing you stated that at 8pm you were going with a different player, was that the Brazilian Bruno or were you going with one of the other portugeuse Ribeiro's?

Credit to Mr Cryer for getting it right ???

[Herbie6590]

Mr's D would never have a Roverinsider :wub:

...maybe that's part of the problem !!!!

[nicko]

Just out of interest Nicko, with the Ribeiro thing you stated that at 8pm you were going with a different player, was that the Brazilian Bruno or were you going with one of the other portugeuse Ribeiro's?

Credit to Mr Cryer for getting it right ???

I was told by the hotel that it was Bruno the night before when I was seeking out Pavone [remember him?]. I checked Bruno's wheareabouts and was told he was here but was told there was also someone with him...which I was then told was Maniche. Then I was told it was Jorge. That was also confirmed by a source who clearly didn't know his arse from his ribeiro.

Next morning I realised it was the obscure Brazilian and saw the Mirror had used just two pars which is far more important to me as it dawned on me that I had wasted hours for a story worth a tenner.

Anyway you take it on the chin and move on.

Wekll done to the local paper, but they were after the other Bruno too apparently.

A lot of fuss over somebody who will probably disappear without trace.

[Pitty]

Hats off to Nicko

[modes98]

Shares in the club only valued at 17.17 pence each...that seems very low indeed.

I don't think that really mattered to the Trust, they just wanted a certain figure and because of the amount in issue it just worked out that low.

[chaddyrovers]

Nicko, have you done a story about rovers in tomorrow Daily Mirror?

[DavidMailsTightPerm]

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)

I totally agree - their handling of Sam's sacking, the treatment of John Williams and Tom Finn were (on the surface) scandalous. But, other than Sam's sacking everything is hearsay - reasons for both John Williams and Tom Finn leaving could have genuinely been because their power had been reduced. This was always bound to happen with new owners - no matter who they were. Personally I would have kept John Williams in the inner-circle for advice - but we all do things differently. Sacking Sam was ill-timed - though understandable considering his brand of football was ill-received by the media and possibly not the image they wished to portray. Add to this that a section of fans were unhappy with Sam - they may have even thought it a way of gaining support from the fans. Their mistake was to listen to their advisor's and employ Kean - but even that could have turned out differently if Phil Jones hadn't got injured so early in Kean's tenure.

Other things - they provided money in January for a couple of loans and two new players - spending approx £3-4m in transfer fees and probably far more in agent fees and wages. This was far more than under the Trust - but we are yet to find out where the money came from for this. They provided cheap home tickets for some matches towards the end of the season - as well as generous offers for the Wolves away match. On top of this they decided - much against what many feared - to keep ST price rises to a minimum and continue the good work started by JW under the trust.

Last but not least - they have been accused of lying to the fans about budgets and transfer targets. This one I am not certain about - if their advisors are telling them they can buy Ronaldino - and given their inexperience in football - why should we call them for chasing the dream - or believing that transfer can be done quickly ? Ill-advised - yes, blatantly lying - not so sure.

This may come across as a defence of their tenure - it isn't, they have obviously made lots of mistakes and put the club we hold so dear at risk. How much risk - don't know - just like I don't think anyone knows how much they are worth. The family wealth though is probably at the heart of the biggest risk to Rovers - if they are genuine billionaires (sterling) - they have it within their grasp to make Rovers secure and use us as a tool to market Venky's (which I think could be mutually beneficial). If they are just rich - in the multi-million bracket - we may be in trouble - as we have yet to see this wonderful marketing strategy for Rovers bring in sponsors etc.

P.S. The one thing they have got desperately wrong - is not providing a figure head/chairperson in the UK to run thngs. Maybe the rumours of them buying Gary Nevilles old house show they want to do that themselves - hence the delay ?

[DavidMailsTightPerm]

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.

Was there not an increase in Sky revenue this year from the new deal - possibly balancing the books ? Even if it comes in next season - we did this under the Trust (i.e spending against future income).

[gazsimm]

Venky's sell now please, it's quite clear that you can not run a football club and you are making Blackburn Rovers a laughing stock over here.

[T.J.Newton]

I blame all the supporters that claimed there free pies and drink at wolves game for the getting rovers into financial Shtuck!, you know who you are.

[watford-rover]

i think the theme song for this thread should be 'i predict a riot' by the keiser chiefs

[DavidMailsTightPerm]

I blame all the supporters that claimed there free pies and drink at wolves game for the getting rovers into financial Shtuck!, you know who you are.

[Neal]

I blame all the supporters that claimed there free pies and drink at wolves game for the getting rovers into financial Shtuck!, you know who you are.

[Blue n White Rover]

I think the main question here is:

The mortgage that is not being renewed, is that the same mortgage/overdraft that we had in place with The Trust, or is this a separate loan?

[T.J.Newton]

not often you get to use the word 'schtuck' is it, so theres my silver lining to this story.

[rebelmswar]

Nicko, have you done a story about rovers in tomorrow Daily Mirror?

What's he going to write?

"Rovers broke, no signings to be made"

You have years of old newspapers with that story to devour at your pleasure.

[booth]

I blame all the supporters that claimed there free pies and drink at wolves game for the getting rovers into financial Shtuck!, you know who you are.

Because of those ****s we've lost Pavone. Greedy pie eating *****s!

[cloggyjimmybrfc]

Those pies and hot dogs were awesome especially when i had 3 vouchers to go at!

had about 3 pints lined up on the shelf to swallow the pukkas down.....burp!