[Archived] Venky's Ownership Under Scrutiny In Indian Press

[PAFELL]

Fantastic, that really is encouraging and appreciated. I hope the focus stays on it. In my opinion this is the only way that change is going to happen (short of Barclays taking more forceful action); more likely than any protests etc in UK having the slightest impact on Venkys.

All the bank can do is claim assets if money not paid to them. Sell those to whoever. The bank will only care about getting its money. The CLUB matters not to them.

[Stuart]

All the bank can do is claim assets if money not paid to them. Sell those to whoever. The bank will only care about getting its money. The CLUB matters not to them.

Except that our bank is the principle sponsor of the competition we play in. They may feel a reputational obligation, if nothing else.

[Steve Moss]

Except that our bank is the principle sponsor of the competition we play in. They may feel a reputational obligation, if nothing else.

Banks deal in cash. Not intangibles.

I hope Venkys honor their legal and ethical commitments to the club. Alternatively, that a billionaire decides he wants a football club with a long history. I don't think either are very likely.

More realistically, we'll muddle along and be relegated (though maybe we have an outside shot of surviving) under current conditions.

[RoyRover]

It wasn't really meant to embarrass them, more a prompt that we are still here and worrying about the club

Whatever the intention, this will embarrass them and should make them wake up.

[ABBEY]

more likely than any protests etc in UK having the slightest impact on Venkys.

AND IF PEOPLE HADNT PROTESTED ? I REALLY DO GIVE UP.

[Glenn]

- Venky's are seriously damaging the good reputation of Indian management and ownership in the most public way possible. (I have been stressing this point for a while).

Somebody mentioned to me the other night the other side of this. Does India realise that they way thing went in the months after the take over that it's not the normal way they UK does things either.

[BuckyRover]

It's going to have a big impact. When I was in India I got a complimentary copy of the economic times of India every day.

[ABBEY]

Except that our bank is the principle sponsor of the competition we play in. They may feel a reputational obligation, if nothing else.

banks reputable lol/......bankers ryhme with w for a eason

[PAFELL]

Except that our bank is the principle sponsor of the competition we play in. They may feel a reputational obligation, if nothing else.

Pompey may disagree with that. Barcleys sponsor the league for their own sakes. Not cos they love football. Banks do not feel, they just protect their own interests.

[Stuart]

Pompey may disagree with that. Barcleys sponsor the league for their own sakes. Not cos they love football. Banks do not feel, they just protect their own interests.

Is/was Barclays Pompey's bank?

All I'm saying is that a PL club going busy because of poor ownership - after passing the fit and proper test - reflects poorly on the PL. As principle sponsors and as the bank that would pull the plug, it would surely reflect badly on them.

If nothing else I'd expect them to allow/help us to limp to the Summer.

[Athlete]

Is/was Barclays Pompey's bank?

All I'm saying is that a PL club going busy because of poor ownership - after passing the fit and proper test - reflects poorly on the PL. As principle sponsors and as the bank that would pull the plug, it would surely reflect badly on them.

If nothing else I'd expect them to allow/help us to limp to the Summer.

cant see them helping.... letting us limp to the summer is more likely with relegation to follow...

[Stuart]

cant see them helping.... letting us limp to the summer is more likely with relegation to follow...

As peope have allude, a bank letting is limp anywhere would probably qualify as helping!

[thenodrog]

- Venky's are seriously damaging the good reputation of Indian management and ownership in the most public way possible. (I have been stressing this point for a while).

- very bad timing for Mrs D with her criminal case due to start on 31 January.

If she loses that case how does 'Fit and Proper' figure and what are the implications?

[Devon Rover]

AND IF PEOPLE HADNT PROTESTED ? I REALLY DO GIVE UP.

ABBEY- as stated in other posts (and emails to Glen etc), I fully supported the protests and their aims at the time. But on reflection I don't believe the protests have had/will have any impact on Venkys, not because the protests are wrong but because the Raos are so far away they can just ignore them. That is why I feel significant negative coverage in the Indian media is more likely to impact upon Venkys.

[seekay]

ABBEY- as stated in other posts (and emails to Glen etc), I fully supported the protests and their aims at the time. But on reflection I don't believe the protests have had/will have any impact on Venkys, not because the protests are wrong but because the Raos are so far away they can just ignore them. That is why I feel significant negative coverage in the Indian media is more likely to impact upon Venkys.

But surely part of the reason why the Indian press got interested was because of the protests. The protests must go on. That's how the Berlin wall fell in the end, and Venkeys are going to fall too, one day.

[Devon Rover]

But surely part of the reason why the Indian press got interested was because of the protests. The protests must go on. That's how the Berlin wall fell in the end, and Venkeys are going to fall too, one day.

I'm not sure thats true- I suspect the Indian media interest is based purely on financial performance of an Indian company abroad, with other factors side issues. But if the protests have indirectly contributed to any growth in interest in India then absolutely great. For me, if that had been the case then the coverage would have happened sooner.

As I say, I 100% supported the protests that have taken place and I feel the Indian media coverage is the most powerful development that might potentially cause Venkys to change their approach one way or another.

[St_Jimmy_77]

But surely part of the reason why the Indian press got interested was because of the protests. The protests must go on. That's how the Berlin wall fell in the end, and Venkeys are going to fall too, one day.

That is probably part of the reason they were interested in the story. However when I was approached by them through email, the opening line(s) were

"I assume you are a Rovers fan. I am an editor with The Economic

Times, India's biggest business newspaper. We are doing a story on

Venkys and Rovers. I guess it is safe to say the purchase of the club

hasn't gone the way Venkys wanted. And they are refusing to talk to us

probably because of the bad press. Anyway, so I am trying to gauge the

reactions of fans."

That says to me it was more Venkys reluctance to speak to the paper. Probably coupled with the protests, this was probably their fuel to start asking fans their opinions. That of course is just my opinion and I could be wrong.

[A cup of beans]

It's going to have a big impact. When I was in India I got a complimentary copy of the economic times of India every day.

agreed. the circualtion figures, although inconsistant, are astonishing. anything from 500,000 to 800,000 a day!

im hoping the shame its brought the family will force them into action to revive us, and make them seriously worry what headlines would await them should we be relegated.

fantastic work, kamy.. and everyone involved.

[Seggie]

If she loses that case how does 'Fit and Proper' figure and what are the implications?

www.thefa.com/TheFA/RulesandRegulations/FARegulations/NewsAndFeatures/2009/~/media/Files/PDF/TheFA/Rules_Regs/FAFitProperRegs1011.ashx/FAFitProperRegs1011.pdf

Have a read, My undersatnding is she would not pass the fit and proper test. I suspect there would be a way round for them unfortunatly though.

[St_Jimmy_77]

agreed. the circualtion figures, although inconsistant, are astonishing. anything from 500,000 to 800,000 a day!

im hoping the shame its brought the family will force them into action to revive us, and make them seriously worry what headlines would await them should we be relegated.

fantastic work, kamy.. and everyone involved.

Those ciruclation figures are far beyond what I expected when I was replying to the editor. I hope it has the desired effect and wake Venkys up to the realisation how far down we have become throughout their 14 months as owners.

[A cup of beans]

Those ciruclation figures are far beyond what I expected when I was replying to the editor. I hope it has the desired effect and wake Venkys up to the realisation how far down we have become throughout their 14 months as owners.

good work.

next stop Bollywood ?

[thenodrog]

I'm not sure thats true- I suspect the Indian media interest is based purely on financial performance of an Indian company abroad, with other factors side issues. But if the protests have indirectly contributed to any growth in interest in India then absolutely great. For me, if that had been the case then the coverage would have happened sooner.

As I say, I 100% supported the protests that have taken place and I feel the Indian media coverage is the most powerful development that might potentially cause Venkys to change their approach one way or another.

The fact that Glen Mullen was on BBC world news 7 days ago has nothing to do with it then?

[rovers11]

Apparently, the Rovers-Venkys story was the most read on The Times of India's entire website yesterday. With an Indian TV Channel sending a film crew to the Newcastle match, the pressure is well and truly on!

[Kamy100]

Fantastic what has been achieved so far with the article going out yesterday. Media coverage within india, Venky's PR people having to react and a negative impact on Venky's share price. Whereas previously they thought that they were immune from bad PR in India, they now know that fans are starting to get their voices heard in India.

I don't agree when people say that this is more effective than the protests. What we need to continue to do is use every available mean of applying pressure, so protests need to continue (with the focus on Venky's) and now that Indian media are getting onboard using them to hit Venky's with negative PR in the markets that they trade in. This combination of efforts will start to put some real pressure on the owners to adhere to the promises that they made when they bought the club.

[Devon Rover]

The fact that Glen Mullen was on BBC world news 7 days ago has nothing to do with it then?

I hope it did- although I did not see it or hear about content due to being away.

As I am saying, I supported the protests, emailed Glen when they were being set up, and am really pleased for any of those efforts having contributed to current Indian media coverage. However, many of the protests did previously focus on Steve Kean (quite rightly at the time) and I am certain that would have been of little or no interest to the Indian media. It is the growing focus on financial (mis)management by Venkys/ negative impact on Indian business reputation which will really attract attention in India and if the protests can contribute to that focus then I'm sure it will help maintain the spotlight.