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[Archived] Venky's willing to sell?


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Just read through Mr Wilds proposal and some things dont add up.

In the financial projections (2013 / 2014):

  • wage expense drops from £47m to £23.8m
  • other operation exp drops from £15m to £7m
  • debt service drops from £5m to £1m (yet debt only drops by £1m)
  • the club is bought for £0 outlay (free???)

I assume that these figures are based on being relegated to the championship and taking 2 seasons to be promoted, but wages would not drop to half without drastic changes to player and staff contracts and there is the issue of paying off those who will be told that their services are no longer required.

Other operating expendiure to also half - heating bills are still the same in the championship as in the prem as are many things - there will also be long term contracts in place that will need to be renegotiated to achieve that figure.

Debt - the bank would have to be willing to forget any interest payments - not even Barclays are likely to agree to that.

Cost of purchase ? The Venkys to give away their asset - I dont think so unfortunately.

Not even the Trust and JW managed to turnover a constant profit, yet that is what the projection assume.

It also does not account for future transfer fee outlays except that Rovers would have to sell to buy players.

The proposal reads like a business plan for a business not a football club - IMO on the basis of this early proposal MR Wild is close to making the same mistake as the Venkys in that drastic investment would be needed but is not accounted for.

Don't get me wrong I'm all for the idea of a takeover but Daniels plan had more substance to it and covered these issues along with sustained funding but Mr Wilds plan does not.

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  • Backroom

I just find it odd that if just £10m one time is enough to sustain a premier league club then why is nobody else doing it?

Also what of the community trust, disabled supporters clubs etc, would these be lost in the operational costs lowering?

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It would appear that not many posters know what contingency planning is all about.

IF we get relegated, it's too late to start the planning then, it needs to be in place and ready to go,SHOULD we go down.

That is what all this is about.

Its not being marketed as a contingency plan though Dave. The plan is being pushed now as the only alternative that BRAG are coming up with, and implies then that we have to be relegated for this to have a chance to succeed.

If this marketed as a "should we go down and/or into administration we need to be in a position to take over" I think it would get more outside support, but if this is seen as a BRAG initiative then, given they havent yet reached out to the majority of fans, then many will just ignore it.

Anybody who is expected to come up with £1000 will rightly demand the right to ask questions before investing. Calling them thick will only drive people away.

A few questions that i've got already are :-

Does Daniel have an alternative plan to cover what would happen if we stay up ?

Who gets what cut out of any deal and how much ? Including potential positions within the club ?

Does this plan cover any other potential pitfalls and how would it cover us should we need further investment ?

Would this be managed by the supporters trust ??

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As I thought. You are a chancer and a shyster. Please don't address us rovers fans like that.

True colours Grabko. Just get real and sod off. Arrogant Yank.

He actually isn't. I know that Dan has supported Rovers for many years.

So now thats out of the way is he really more ignorant and loud-mouthed than you or less?

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Ste, I don't see how this has anything to do with BRAG other than that they support it and Wayne asked glen what he thought for some reason. It certainly doesn't seem to be a brag initiative though.

Your questions are very valid though the potential positions in the club one interests me but would be impossible to say at this time I suppose.

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I think people need to understand that the Buyout plan is still at a very early stage. Some of the numbers looks like they have been taken out from thin air, but that's not unusual at an early stage of a business plan.

I totally understand that people are starting to plan for a possible relegation and venkys doing a leeds/portsmouth.

I will support every fan who are spending their own time in doing whats good for rovers, and I don't want to choke a matchstick before the fireplace is burning.

As the plans are still at a early stage it is hard to commit for a 1000£ deposit but if the time comes I'm sure I will do it because I know they have already worked 6 months on it and I trust the two Ians and Wayne wild will not go in to something if the investment of many thousand rovers fans who don't have the same cash as they do are at high risk.

I don't see this fans ownership working but maybe in partnership with some other investors it might work.

Also if we manage to buy the club we will control who we are sold to. If walkers trust and JW sold us to venkys, imagine who venkys will sell us to

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It is better to have a plan for the worse case scenario than not - otherwise you end up running a club like the Venkys have.

But shouldn't it be drawn up quietly, in the background?

There is no way that should be presented to the public whilst it relies in the thing we all fear the most to make it happen.

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What are the other solutions?

Out of interest, what gave people the idea that Venky's were even willing to sell?

You want those answers out of me??? I'm just countering SteB's statement that this was the only plan being considered. You'll have to go to the horse's mouth for the rest!

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It is better to have a plan for the worse case scenario than not - otherwise you end up running a club like the Venkys have.

Yes agreed, but if you are going to air such plans then at least make them realistic. I just don't agree with what the plans rely on, and how they are out in the open in february. Do we want the club to stay up or not?

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But shouldn't it be drawn up quietly, in the background?

There is no way that should be presented to the public whilst it relies in the thing we all fear the most to make it happen.

Thats a very fair point - IMO they should have worded it so that it was clear that this was a plan which would be initiated in the worse case scenario of Rovers being relegated. That would have then allayed fears of the supporters about what might happen to their club if relegated, it could then have been worked on like you say in the background.

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You want those answers out of me??? I'm just countering SteB's statement that this was the only plan being considered. You'll have to go to the horse's mouth for the rest!

Its the only plan in the public domain, so as far as I can see its the only plan. Which is why I asked if theres others.

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If a few of us win the lottery we can pool that together and buy the club. Buy your tickets lads you never know!

Well the average lottery jackpot win is £2million so if 15 fans won £2million we would have £30million in the kitty. Sounds as feasible as the other idea I think. Who's in? :blush:

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It's official then everyone just buy lottery tickets. That's my proposal, I'm off to write a blog about it join my cause!!

Please note this plan does not rely on relegation! We will also be going to watch cash strapped bacup borough as a couple of there players used to be apprentices at rovers. :rolleyes:

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