[Archived] Venky's willing to sell?

[47er]

Some wise words to cheer you up Glen and Co!

"It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."

Samuel Adams

:xmas:

[Brfcrule1]

sorry I did not reply earlier as below:

FW: Transfers‏

16/01/2012

Paul Hunt

To Savio Mathias, Lynsey Talbot

it was received half way through the transfer window I have now also sent to Mr Hunt direct another email jumping on the fact money would be available in the january transfer window and why we only got Orr,Modeste & Olsson and other questions about defenders if I get a reply from Mr Hunt I will post it on here note also in his reply he answers none of the conflicting reports about the bank issues he makes no explanation about kean knowing what his budget was then saying he didn't and doesn't even acknowledge the part about the assistant manager on what was going on at the time also I find it pure comedy gold him first coming out with being unbelievably busy I wonder doing what certainly not improving the team and club maybe replying to the 500 imaginary letters coco receives on how well he is doing! I hope in my next response I get answers to the january transfer window and this ongoing investment in the UK & India but I am not holding my breath their silence is even more deafening than in a monestry

[philipl]

The latest results are very bad in that they underline the weakness at the centre of the Venky's business model.

They are a very low margin commodity business with little ability to put up their prices when costs increase. Growing volumes is not necessarily the answer when in a bind like this one especially with bird flu returning to Asia especially in Vietnam- their second biggest market I believe.

[Stuart]

If you got the reply mid-Jan, why did you wait until mid-Feb to post it??

I take back my comments about Paul Hunt as they were what I'd expect and in a timely manner. What the hell else did you expect him to say?

Your point is now completely redundant.

I trust if you choose to post any further reply you will do so within a couple of days of receiving it rather than waiting a month.

Good grief.

The latest results are very bad in that they underline the weakness at the centre of the Venky's business model.

They are a very low margin commodity business with little ability to put up their prices when costs increase. Growing volumes is not necessarily the answer when in a bind like this one especially with bird flu returning to Asia especially in Vietnam- their second biggest market I believe.

Do you know what Philip. Ordinarily, in the case of any other reasonable owners, I'd be worried.

However, with things as they are, all I can think is... good.

Well, that and... karma.

[Amo]

To be honest, what else can Paul Hunt do but send out these generic replies regarding our situation. He's deputy to a nonexistent CEO. He probably has as much say in the direction of the club as the hot dog vendors.

[Brfcrule1]

Sorry Stuart I only just remembered the other day about this email don't worry am on the pulse now if I get a reply will post it up right away but you can't deny he in no way mentions about the bank issues conflicting reports and the issue about being unbelievably busy certainly not improving the squad but in future will post straight away and if I get a reply to my letter will post it up right away sorry for the confusion.

[Stuart]

Sorry Stuart I only just remembered the other day about this email don't worry am on the pulse now if I get a reply will post it up right away but you can't deny he in no way mentions about the bank issues conflicting reports and the issue about being unbelievably busy certainly not improving the squad but in future will post straight away and if I get a reply to my letter will post it up right away sorry for the confusion.

Apology accepted Savio.

I'm not sure what you expected to hear from Paul Hunt though. He's hardly going to say anything which gets him into trouble with his boss. Or Venkys.

[Kamy100]

I have been talking to my Venky’s source this morning. I am told that owners are aware of three locally based groups who are interested in purchasing the club, however despite this interest at the moment the owners are not interested in selling the club. The people making these approaches have been totally ignored, this position isn’t likely to change in the near future. My guess is that they may review things in the summer.

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky’s ever contemplating selling the club on the cheap.

[Daniel Louis Grabko (Dan)]

I have been talking to my Venky's source this morning. I am told that owners are aware of three locally based groups who are interested in purchasing the club, however despite this interest at the moment the owners are not interested in selling the club. The people making these approaches have been totally ignored, this position isn't likely to change in the near future. My guess is that they may review things in the summer.

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky's ever contemplating selling the club on the cheap.

Thanks for this Kamy. I would not expect Venkys to say anything right now that would indicate they would even be willing to look at offers from local groups until they know what the league status of the Club will be next year. It was never expected for them to do otherwise.

Can't say that I can see the logic or agree with your last comment there, though. Assuming that the local groups are the only ones interested, it wouldn't push the price up at all, because I more than suspect that in the end at least 2 of these three groups will be openly working together, if not all three. It would be silly not to as long as motivations are pure.

I think that Graham Jones MP made the comment in podcast 26 that he would expect the Club to lose around one third, or 33%, of its value based on comparing it with Newcastle (that's a whole other issue whether that would be a consistent comparison) when they went down. Assuming he has a good point in general about the loss of value of relegated clubs, (though I would argue that a club like Rovers would lose more value based on several factors, but especially fan base and other potential revenue streams on the commercial side) if Venkys bought the Club for £43m, they could get £28m if relegated, but that would include the assumption of the debt. Assuming that debt is the same, you get to £5m in cash outlay.

[PAFELL]

Thanks for this Kamy. I would not expect Venkys to say anything right now that would indicate they would even be willing to look at offers from local groups until they know what the league status of the Club will be next year. It was never expected for them to do otherwise.

Can't say that I can see the logic or agree with your last comment there, though. Assuming that the local groups are the only ones interested, it wouldn't push the price up at all, because I more than suspect that in the end at least 2 of these three groups will be openly working together, if not all three. It would be silly not to as long as motivations are pure.

I think that Graham Jones MP made the comment in podcast 26 that he would expect the Club to lose around one third, or 33%, of its value based on comparing it with Newcastle (that's a whole other issue whether that would be a consistent comparison) when they went down. Assuming he has a good point in general about the loss of value of relegated clubs, (though I would argue that a club like Rovers would lose more value based on several factors, but especially fan base and other potential revenue streams on the commercial side) if Venkys bought the Club for £43m, they could get £28m if relegated, but that would include the assumption of the debt. Assuming that debt is the same, you get to £5m in cash outlay.

It also shows that BRAG are not the only party in town. There are other options. But these are keeping their cards close to their chest.

[broadsword]

however despite this interest at the moment the owners are not interested in selling the club.

Lost for words, god, these people are some right stubborn illegitimates.

[Doug]

It also shows that BRAG are not the only party in town. There are other options. But these are keeping their cards close to their chest.

More cards!!!

[PAFELL]

I have been talking to my Venky’s source this morning. I am told that owners are aware of three locally based groups who are interested in purchasing the club, however despite this interest at the moment the owners are not interested in selling the club. The people making these approaches have been totally ignored, this position isn’t likely to change in the near future. My guess is that they may review things in the summer.

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky’s ever contemplating selling the club on the cheap.

Interesting it is THREE local groups expressing interest. These have gone about things very quietly so it seems.

More cards!!!

And were not playing BRAG!!!!!

[Doug]

Interesting it is THREE local groups expressing interest. These have gone about things very quietly so it seems.

And were not playing BRAG!!!!!

[Daniel Louis Grabko (Dan)]

It also shows that BRAG are not the only party in town. There are other options. But these are keeping their cards close to their chest.

BRAG aren't party to any party in town as far as I know. They have openly supported the BRSIT initiative simply because it is the only one to have been publicly announced. They are also not the only ones. The timing of their public show of support was not optimal in that they announced support for it before the news story broke, hence the speculation on podcast 25 here about their statement and motivations. There will be a press release soon that will include a list of all publicly supporting parties. In other words BRAG is just one of many groups and persons who are showing their public support of the initiative.

The real point is, the more local and honest groups there are, the better chance all of them have to succeed if they all work together. This is only a good thing!

[rovers11]

I have been talking to my Venky’s source this morning. I am told that owners are aware of three locally based groups who are interested in purchasing the club, however despite this interest at the moment the owners are not interested in selling the club. The people making these approaches have been totally ignored, this position isn’t likely to change in the near future. My guess is that they may review things in the summer.

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky’s ever contemplating selling the club on the cheap.

Promising news. Venky's will wait to see what division we are in next season before talking. If we are a prem club, they will want to claw back their money. If a championship club, they will try and recoup as much as possible but will ultimately make a loss.

The three bidders: two ian's; Wayne Wild lead fans buyout; and mystery consortium.

[OJRovers]

I have been talking to my Venky’s source this morning. I am told that owners are aware of three locally based groups who are interested in purchasing the club, however despite this interest at the moment the owners are not interested in selling the club. The people making these approaches have been totally ignored, this position isn’t likely to change in the near future. My guess is that they may review things in the summer.

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky’s ever contemplating selling the club on the cheap.

If there are groups out there with money (eg the Qatar people) then the Venkys are playing a dangerous game in waiting until the end of the season. If we stay up, they might not lose too much of what they put in, if we go down they could lose most of it.

The option with the most value to them would be to sell now at a reasonable price whilst we're still in the league - well actually they should've sold prior to the Jan transfer window if they weren't going to put any more investment in.

[Daniel Louis Grabko (Dan)]

If there are groups out there with money (eg the Qatar people) then the Venkys are playing a dangerous game in waiting until the end of the season. If we stay up, they might not lose too much of what they put in, if we go down they could lose most of it.

The option with the most value to them would be to sell now at a reasonable price whilst we're still in the league - well actually they should've sold prior to the Jan transfer window if they weren't going to put any more investment in.

Why would anyone buy us now? It makes no sense. They wouldn't have the money to change anything as we're past the transfer window.

There is chance of anybody with money approaching us before the end of the season.

Good points, OJ and LeChuck. I think the fact that this is not happening is a good indicator that there is only local interest at this stage. Of course, depending on Rovers situation come the end of the year, there could be a lot of interest from 'circling vulture' prospectors who may just be out to grab a Club on the cheap and extract ala Portsmouth. Strong local interest can go a long way to help ensure that such an owner does not get their hands on the Club. Of course it would be stupid for anyone to go and buy the Club now at an inflated price not knowing what league Rovers will be in next season, and no real way to influence that outcome at this point.

[LeChuck]

If there are groups out there with money (eg the Qatar people) then the Venkys are playing a dangerous game in waiting until the end of the season. If we stay up, they might not lose too much of what they put in, if we go down they could lose most of it.

The option with the most value to them would be to sell now at a reasonable price whilst we're still in the league - well actually they should've sold prior to the Jan transfer window if they weren't going to put any more investment in.

Why would anyone buy us now? It makes no sense. No matter how much money they had, it would be too late to change anything as we're past the transfer window. They might end up with a Championship club through little fault of their own.

There is no chance of anybody with money approaching us before the end of the season. If we survive there is an outside chance...but even then, pretty slim. It took the Trust years to sell, and Venky's were the best they could come up with.

[Majiball]

Want to just repeat that you've basically just grasped everything I've been trying to spout out but not found the succinct words to put it as you have. Another really good post, Maji, you are on a roll right now.

Promising news. Venky's will wait to see what division we are in next season before talking. If we are a prem club, they will want to claw back their money. If a championship club, they will try and recoup as much as possible but will ultimately make a loss.

The three bidders: two ian's; Wayne Wild lead fans buyout; and mystery consortium.

Why would anyone buy us now? It makes no sense. No matter how much money they had, it would be too late to change anything as we're past the transfer window. They might end up with a Championship club through little fault of their own.

There is no chance of anybody with money approaching us before the end of the season. If we survive there is an outside chance...but even then, pretty slim. It took the Trust years to sell, and Venky's were the best they could come up with.

I can think of one group who would buy the club right now. I wonder how Howard Walkers health issues have progressed as I heard on the grapevine he tried before to wrestle the club from the chicken people.

[TBTF]

3 local bidders??? Has anyone actually got as far as tabling a bid?? How can anyone plausibly get to that stage without any contact with Venkys and have the slightest clue what they are buying or how much for?? have any of them actually got an amount of cash with which to buy it?

The use of the phrase 'bidder' is IMO completely off cue and raising peoples expectations. It might be more acurate to say there are groups of very concerned people who would do anything to get these clowns out of our club but are all stuck because the mother witch aint playing!

[Daniel Louis Grabko (Dan)]

3 local bidders??? Has anyone actually got as far as tabling a bid?? How can anyone plausibly get to that stage without any contact with Venkys and have the slightest clue what they are buying or how much for?? have any of them actually got an amount of cash with which to buy it?

The use of the phrase 'bidder' is IMO completely off cue and raising peoples expectations. It might be more acurate to say there are groups of very concerned people who would do anything to get these clowns out of our club but are all stuck because the mother witch aint playing!

To Be Totally Frank - Kamy never used the word bidder. He said that there have been attempts by three separate local entities who are interested in purchasing the Club who have attempted to contact Venkys, but who have been totally ignored. I would venture to say that all three of these entities are very early stage at this point, and it is unlikely that that any of them will be in any position to think about tabling a bid of any kind until the league status of the Club is confirmed for next season, for two reasons. 1 - Venkys are not going to even acknowledge any of these entities' interest before they know what league the Club will be in next season. 2 - What league we are in next season changes the situation for all parties in question.

[Athlete]

IMO it seems Venkys are totally ignoring anything Rovers at the moment , as for a fans buy out if we remain in the Prem ( which 99.9% of fans want to watch ) they'll be less likely to want to sell + even less likely to sell for a knockdown price , a fans buyout of a top flight club is highly unlikely and not really sustainable but at a lower league level it certainly is a goer ( league 1 + below IMO achievable ) .

So we really are in stuck until something gives ( hopefully sooner rather than later )

At the end of the day all the fans want is a well run club as before , playing in arguably the best league in the world and to get rid of the worst and most incompetent , nauceous idiot talking fool of a manager we have ever had SK !

No disrespect to posters from outside the town and Lancashire but somehow I dont think your hurting as much as the natives and some comments are a bit annoying to say the least !

It really isnt a good time being a Rovers fan at present....just hope Jacks legacy/the kids who have made the grade via the academy keep us up !

[thenodrog]

These approaches for the club also suggests to the owners that there is demand for the club, I guess this greatly reduces the chances of Venky’s ever contemplating selling the club on the cheap.

Shouldn't you be paying me royalties in order to avoid any accusations of plagiarism Kamy?

Promising news. Venky's will wait to see what division we are in next season before talking. If we are a prem club, they will want to claw back their money. If a championship club, they will try and recoup as much as possible but will ultimately make a loss.

The three bidders: two ian's; Wayne Wild lead fans buyout; and mystery consortium.

FF perhaps?

[thenodrog]

To Be Totally Frank - Kamy never used the word bidder. He said that there have been attempts by three separate local entities who are interested in purchasing the Club who have attempted to contact Venkys, but who have been totally ignored. I would venture to say that all three of these entities are very early stage at this point, and it is unlikely that that any of them will be in any position to think about tabling a bid of any kind until the league status of the Club is confirmed for next season, for two reasons. 1 - Venkys are not going to even acknowledge any of these entities' interest before they know what league the Club will be in next season. 2 - What league we are in next season changes the situation for all parties in question.

I disagree with that Daniel. If someone was to bid on the asumption that BRFC were in the Prem next season I'm sure Venkeys would consider it. However bids based on BRFC being relegated would surely be dismissed out of hand until our fate is known.

Problem is who would bid for the Premier League option at this moment in time? Balotelli is about the only one daft enough within football that I can readily bring to mind.