philipl Posted July 28, 2011 Share Posted July 28, 2011 So, DeftAngel, the January signings weren't paid for by £5m of Venkys own money then but using an overdraft against the club? If that IS the case, and the future model, then we are actually worse of than being the unwanted child of the Trust... at least then we had people at the club who knew how to maximise revenue from player sales. You are putting your finger on one of many concerns several of us have. Here is an interesting tweet.... MarpleLeaf Michael Taylor RT @3enjy: When Roversinsider asked what he thought of Alan Nixon " he is a well informed journalist #Rovers” ha ha >> Gotcha Might explain why some people repost his tweets. Link to comment Share on other sites More sharing options...
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Paul Mellelieu Posted July 28, 2011 Share Posted July 28, 2011 You are putting your finger on one of many concerns several of us have. Here is an interesting tweet.... MarpleLeaf Michael Taylor RT @3enjy: When Roversinsider asked what he thought of Alan Nixon " he is a well informed journalist #Rovers” ha ha >> Gotcha Might explain why some people repost his tweets. I don't understand twitter sometimes. What does that mean Phillip? Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 CASH...to clarify e.g. £10m budget, bank know kalinic money is coming, we had to give them it BEFORE it arrives so balance is now...1/2 @roversinsider ..2/2 say £6m, so we need Kalinic money to fill gaps. Not quite that simple but using example to explain #Rovers @roversinsider Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 OVERDRAFT...some people seem very confused still, ok here goes, it was £18m, Jones first payment (£8.25m) taken, rest owed to bank #Rovers @roverinsider OVERDRAFT...only AFTER the Kalinic money hits the bank will the agreement be confirmed, THEN we can input the £10m for transfers #Rovers @roverinsider OVERDRAFT...without it being swallowed by bank. Hope that's slightly clearer. Not the easiest concept to explain #Rovers @roverinsider Link to comment Share on other sites More sharing options...
Ivorsemion Posted July 28, 2011 Share Posted July 28, 2011 I see this guy's off again posting detailed 'facts' about Rover's banking facilities. Perhaps i'm being naive here, but to be party to this level of detail, he must either be an employee of the Rover's accountancy firm, or at a fairly high-level in the bank? It has to be complete fabrication doesn't it? Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 I see this guy's off again posting detailed 'facts' about Rover's banking facilities. Perhaps i'm being naive here, but to be party to this level of detail, he must either be an employee of the Rover's accountancy firm, or at a fairly high-level in the bank? It has to be complete fabrication doesn't it? Or he buys his mate a pint on the way home. Link to comment Share on other sites More sharing options...
philipl Posted July 28, 2011 Share Posted July 28, 2011 Now this does make sense: roversinsider Blackburn Rovers Spy OVERDRAFT...some people seem very confused still, ok here goes, it was £18m, Jones first payment (£8.25m) taken, rest owed to bank #Rovers roversinsider Blackburn Rovers Spy OVERDRAFT...leaves £1.5m, which is where the Kalinic money comes in. The reason they still needed a facility is because.. #Rovers 44 minutes ago Favorite Retweet Reply roversinsider Blackburn Rovers Spy OVERDRAFT...Jones' money won't be paid for over a year. Kalinic initial £1.5m will go to make it up to £18m eventually #Rovers roversinsider Blackburn Rovers Spy OVERDRAFT...but the whole £4m guaranteed for Kalinic is available to the bank as security due to prior non payment #Rovers 33 minutes ago roversinsider Blackburn Rovers Spy OVERDRAFT...only AFTER the Kalinic money hits the bank will the agreement be confirmed, THEN we can input the £10m for transfers #Rovers 33 minutes ago Favorite Retweet Reply roversinsider Blackburn Rovers Spy OVERDRAFT...without it being swallowed by bank. Hope that's slightly clearer. Not the easiest concept to explain #Rovers 32 minutes ago Link to comment Share on other sites More sharing options...
philipl Posted July 28, 2011 Share Posted July 28, 2011 It does however leave open the question as to whether the new £10m is coming from Venky's or the new bank loan. Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 It does however leave open the question as to whether the new £10m is coming from Venky's or the new bank loan. Oh god not another loan Link to comment Share on other sites More sharing options...
3rdpillar Posted July 28, 2011 Share Posted July 28, 2011 Oh god not another loan Think we can safely say 'yes another loan', secured against some part of brfc. Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 Think we can safely say 'yes another loan', secured against some part of brfc. Well if this goes bang then we can seriously kiss goodbye to Rovers. Link to comment Share on other sites More sharing options...
philipl Posted July 28, 2011 Share Posted July 28, 2011 Over to our sleuths- do either of these have SEM/Kentaro connections? roversinsider Blackburn Rovers Spy SPAIN...interest in Heracles striker Nelson Valdez #Rovers 9 minutes ago Favorite Retweet Reply roversinsider Blackburn Rovers Spy PORTUGAL STRIKER...interest in Babá from Maritimo #Rovers Link to comment Share on other sites More sharing options...
67splitscreen Posted July 28, 2011 Share Posted July 28, 2011 Over to our sleuths- do either of these have SEM/Kentaro connections? roversinsider Blackburn Rovers Spy SPAIN...interest in Heracles striker Nelson Valdez #Rovers 9 minutes ago Favorite Retweet Reply roversinsider Blackburn Rovers Spy PORTUGAL STRIKER...interest in Babá from Maritimo #Rovers Your mail is full. Link to comment Share on other sites More sharing options...
dave birch Posted July 28, 2011 Share Posted July 28, 2011 Well if this goes bang then we can seriously kiss goodbye to Rovers. BKR, that copy of a tweet was complete garbage. It didn't even add up. Start with 18mill add in and take off the figure mentioned. Link to comment Share on other sites More sharing options...
philipl Posted July 28, 2011 Share Posted July 28, 2011 Overdraft at default £18m Paymment by £16.5m Jones plus first £1.5m Kalinic. Then there must be fees and interest etc which is why the additional £4m from Kalinic is being taken as security on a once bitten twice shy basis. That is how I read those tweets. If that shape of agreement gets formally put in place, then £10m new cash (from a loan or Venky's) could arrive and the bank wouldn't take it. As things stand, Kalinic is on the beach in Croatia and all of this academic if roversinsder is correct. Link to comment Share on other sites More sharing options...
BangkokRover Posted July 28, 2011 Share Posted July 28, 2011 BKR, that copy of a tweet was complete garbage. It didn't even add up. Start with 18mill add in and take off the figure mentioned. 18 million owed to Barclays P Jones transfer 16.5 18- 16.5 = 1.5 1.5 is the money coming from Kalinic transfer Means that the loan is paid off. Either the owners are putting in 10 million or they are taking out a new loan. philipl beat and explained it clearer than I could Link to comment Share on other sites More sharing options...
Stuart Posted July 28, 2011 Share Posted July 28, 2011 What grates most of all with this is it was potentially entirely avoidable, even ignoring Venkys reluctance to put their hands in their own pockets... 1. We didn't want Phil Jones to leave 2. Man Utd wanted him and he wanted Man Utd 3. There was a release clause of c. £16m. 4. We honoured thus agreement 5. We let Man Utd pay in instalments 6. We end up in difficulties with our bank because of the timings (allegedly). Why didn't we change point 5. to "We force Man Utd to pay the full amount upfront"? Then we wouldn't have needed the overdraft and wouldn't have had point 6. I'm probably being too simplistic but I don't see why we've got to this point. Are Venkys really that naive or am I...? Link to comment Share on other sites More sharing options...
67splitscreen Posted July 29, 2011 Share Posted July 29, 2011 Bon-Bon disclosing where the leaks are at the club, hope his source is reading. How many people do we employ in the finance dept at Ewood. Could be one less soon. We all crave the news but all these leaks are doing nothing but feeding the rag tops with more ammunition to shoot the club down. Apologises to bonbon it is roverinsider making the statement, twitter gets a little confusing at times. Link to comment Share on other sites More sharing options...
heysham rover Posted July 29, 2011 Share Posted July 29, 2011 who is Bon Bon? Link to comment Share on other sites More sharing options...
heysham rover Posted July 29, 2011 Share Posted July 29, 2011 He really is going for it today, naming all targets from the two supposed lists Link to comment Share on other sites More sharing options...
rhodie Posted July 29, 2011 Share Posted July 29, 2011 I have to say going through postings on this site PHILIPI sounds and writes very much like roversinsider. He seems to have an agenda to demoralise and cause unrest on completely unsubstantiated rumours which he presents as fact.Whilst I do realise this is a forum for debate on all things rovers,I cannot believe that there are so many people being sucked in by his schoolboy scaremongering with regards to BRFC`s financial affairs. Banks do not simply operate in such a manner ie making account holders details an open debate in the public domain.Neither will any organisation allow its financial strategies to be freely perused by the local milkman ,window cleaner etc. Now Im pretty sure, everyone has to agree,In order for Venkys to become as successful, you have to have a little bit of savvy with regards to overdrafts etc. irrespective of whether its a football club ,builders merchants or massage parlour. Up to now as far as I know,The majority of potential signings have simply been conjecture,The only three offically announced targets have been Anderson,Povovic and mongo and we are fully aware of their outcomes thus far as told us by the club.Steve Keen has told us he wants to make the neccessary signings,the owners are happy to back him and offers have been made for players wanted to improve the squad.These are all facts,and they all sound good to me.The likes of Roversinsider (PhilipI)have the agenda of someone with an axe to grind. Link to comment Share on other sites More sharing options...
Teacup Posted July 29, 2011 Share Posted July 29, 2011 After the recent posts on his Twitter I can only assume it is Nicko. Link to comment Share on other sites More sharing options...
Ricky Posted July 29, 2011 Share Posted July 29, 2011 My first guess was also Nicko. Also seems to tie in with him going quiet on here. Link to comment Share on other sites More sharing options...
philipl Posted July 29, 2011 Share Posted July 29, 2011 I have to say going through postings on this site PHILIPI sounds and writes very much like roversinsider. He seems to have an agenda to demoralise and cause unrest on completely unsubstantiated rumours which he presents as fact.Whilst I do realise this is a forum for debate on all things rovers,I cannot believe that there are so many people being sucked in by his schoolboy scaremongering with regards to BRFC`s financial affairs. Banks do not simply operate in such a manner ie making account holders details an open debate in the public domain.Neither will any organisation allow its financial strategies to be freely perused by the local milkman ,window cleaner etc. Now Im pretty sure, everyone has to agree,In order for Venkys to become as successful, you have to have a little bit of savvy with regards to overdrafts etc. irrespective of whether its a football club ,builders merchants or massage parlour. Up to now as far as I know,The majority of potential signings have simply been conjecture,The only three offically announced targets have been Anderson,Povovic and mongo and we are fully aware of their outcomes thus far as told us by the club.Steve Keen has told us he wants to make the neccessary signings,the owners are happy to back him and offers have been made for players wanted to improve the squad.These are all facts,and they all sound good to me.The likes of Roversinsider (PhilipI)have the agenda of someone with an axe to grind. Not me. Link to comment Share on other sites More sharing options...
chris Posted July 29, 2011 Share Posted July 29, 2011 I also saw a reply he made to Modes98 and its was sarcastic rambling and had nothing to do with the question asked (pointing out he was wrong) which straight away made me think its Nicko. Link to comment Share on other sites More sharing options...
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