[Archived] Transfer Talk Part 2

[tomphil]

Whilst we all know deep down that the tenure of Venky's will end in tears I think some are jumping the gun a bit at the min. There's a few assets to cash in before we go under. They'll most likely cash them in slowly one by one to keep paying the day to day bills, Cairney now, one or two in Jan then the summer, there's a way to go yet. Death by a thousand cuts whilst they probably carry on praying or just ignore it until eventual admin is forced upon us. Could be the bank have advised a sale, when push comes to shove they'll have a big say in matters regarding Rovers.

[chris_h]

I think the V's will get every penny out as quickly as possible and then scuttle the ship with insolvency the next step.

Watch for BOI taking a debenture charge over Rovers' assets (it's their entitlement as part of facilities to Rovers) - if this happens, would suggest V's have bailed out with every penny they can get and it's for the rest to get what they can.

I doubt very much Rovers could be sold either financially or in terms of future liabilities. I feel certain due diligence would unearth more skeletons than could be found in the cemetery.

Doubt Battersby and Currie would touch unless from administration.

Don't think Rovers' Trust have either the financial clout or gravitas to make a purchase.

As you talk absolute @#/? I think we'll be ok.

[JAL]

Sell to who?

The only people I could see buying the club are Ian Battersby and Ian Currie.

Any new owners wouldnt want key players being sold? Surely that would affect the asking price?

Was the conference call to Shaw or Bowyer?

If you had anything to hide or needed to protect some people over here from further scrutiny would have thought you'd create some bogus businessman to buyout the club and he/they carry the flak for a season or two like they did or tried to do at Portsmouth.

[J*B]

http://www.lancashiretelegraph.co.uk/sport/13354877.Rivals_Bolton_enter_race_for_departing_Blackburn_Rovers_midfielder_Dunn/

I might be losing my money... but when have Bolton ever been seriously chasing a Champions League place?

[JayPeeBee40]

Whilst we all know deep down that the tenure of Venky's will end in tears I think some are jumping the gun a bit at the min. There's a few assets to cash in before we go under. They'll most likely cash them in slowly one by one to keep paying the day to day bills, Cairney now, one or two in Jan then the summer, there's a way to go yet. Death by a thousand cuts whilst they probably carry on praying or just ignore it until eventual admin is forced upon us. Could be the bank have advised a sale, when push comes to shove they'll have a big say in matters regarding Rovers.

That doesn't make our situation any better..

I might be losing my money... but when have Bolton ever been seriously chasing a Champions League place?

Under Sam they did(after having time in the job)..

Thanks venkys..

[tomphil]

I am really confused as to what would happen with Rovers - according to another poster our actual debts are only around £22m (last accounts granted) with the rest in share capital. Depending on what our overall debts now are - a sale of Cairney, Marshall, Gestede and Rhodes (no matter how unpalatable) would leave our debts far more manageable (would probably clear most of the debts from the last accounts).

If Venky's put is into administration - how much of their own money would they get back (share capital was around £100m if I remember correctly) ?

Sorry not an accountant - but from their perspective - if debts can be got under control - why write off all their current outlay ? Why not just keep us - even with a small manageable year on year debt - leaving them with an outside chance that they will stumble on a Holloway or Dyche - get us back in the Premiership and recoup their investment ?

You've also got to consider how that share capital is actually funded right at the top. It's been said that some or maybe all of it is borrowed as well albeit secured on Indian assets. That's how they seem to do business if you read around, they protect their cash pile but there is bound to be a ceiling or breaking point to it all. Some recent articles in the Indian business press suggest that their core business is borrowed up to the hilt as well but it turns over enough to service the debt comfortably at the min.

[JayPeeBee40]

As you talk absolute @#/? I think we'll be ok.

He don't talk trash though..

[tomphil]

That doesn't make our situation any better..

Under Sam they did(after having time in the job)..

Thanks venkys..

Where did I say it did ? I'm saying it's going to be a long drawn out process, I'd rather take a big hit, them @#/? off and start again. It would likely mean league 1 midtable and crowds of 5k but the stink and gravy train hangers on would be gone. We could start to rebuild although I think we'd probably remain a very small club again for a long time like in the past. A clean club though.

[chris_h]

He don't talk trash though..

Oh yes he does

[den]

The Cairney situation might just be a case of Fulham coming with an offer, the player wanting to talk to them and Bowyer - knowing Cairney has struggled to hold down a position - believing that he can replace him, or even improve on him, whilst reducing the wage bill. I think it's come as a shock to the fans because we were expecting to see movement on Gestede/Rhodes, while keeping the rest of the squad together.

The overall position is grim though. Where are the fans who kept looking outside and reporting that the sky hadn't fallen in yet?

[JayPeeBee40]

I can't see how anyone could long for us to fall down the leagues with 5,000 crowds minus venkys. I'll bet at least half of those saying it wouldn't go to games anymore.

[yoda]

I can't see how anyone could long for us to fall down the leagues with 5,000 crowds minus venkys. I'll bet at least half of those saying it wouldn't go to games anymore.

Well if they club/Venky's came out and said what the plan is you would not need to make a post like that

[Al]

The clubs transfer policy over the last couple of years is to bring in young players with potential on low wages, the problem we've got now is that we're under an

embargo and restricted to wages of 10,000 grand a week which I guess means players like Cairney, Marshall and Gestede can not have a wage rise. Do you not think

these players are going to be pushing for moves when a double your wage offer comes in from another club so it maybe Cairney pushed for the move rather than Bowyer

wanting to sell or Venkys telling him to sell!

Push or not he was under contract. Works both ways you know.

[bluebruce]

Marshall is another one like Cairney for me, looking at the club's interested suggest that we might get another inflated fee.

Well I'm sure you'll be @#/? delighted when we have a midfield that doesn't have an ounce of creativity left in it then. Jeez. Be careful what you wish for.

[mhead]

Which will come first Grexit; Brexit or Venkxit ?

We need a Poll.

[Al]

No. The reason we are losing £40m is because we aren't on the premier league. New owners won't stop the losses unless we were promoted.

Your ideas are too simplistic.. You think the 2 ians(who also have no experience in football club ownership) would walk in and everything would be magically sorted.

Where has that figure come from? The truth is that we have no idea what the current losses are, some of which were reserved in the prior year accounts.

[JayPeeBee40]

Where has that figure come from? The truth is that we have no idea what the current losses are, some of which were reserved in the prior year accounts.

Various sources.

[Al]

I might be losing my money... but when have Bolton ever been seriously chasing a Champions League place?

What's the betting that if he signs for Bolton he'll play a hell of a lot more than he did under Bowyer?

[Al]

Various sources.

What sort of answer is that? You've not been on here long but in that time managed to post more crap than most do in years. My patience is exhausted. On to "ignore" you go.

[DavidMailsTightPerm]

You've also got to consider how that share capital is actually funded right at the top. It's been said that some or maybe all of it is borrowed as well albeit secured on Indian assets. That's how they seem to do business if you read around, they protect their cash pile but there is bound to be a ceiling or breaking point to it all. Some recent articles in the Indian business press suggest that their core business is borrowed up to the hilt as well but it turns over enough to service the debt comfortably at the miS

But surely the debts to purchase the shares aren't against the club - so placing in administration would still leave them with debts for shares that were worthless ?

[JayPeeBee40]

What sort of answer is that? You've not been on here long but in that time managed to post more crap than most do in years. My patience is exhausted. On to "ignore" you go.

So rude you are. Really..!

[Athlete]

From here on in can see this getting very messy..

Wish they'd go now so we can begin to try and pick up the pieces

If you had anything to hide or needed to protect some people over here from further scrutiny would have thought you'd create some bogus businessman to buyout the club and he/they carry the flak for a season or two like they did or tried to do at Portsmouth.

The great football club swindle is well and truly under way

[DavidMailsTightPerm]

I tell you what, there is deffo something weird going on with Venky's. I am led to believe that other than a short conference call no one at the club has had any real communication with the owners over the entire summer. There was meant to be a meeting in Switzerland but Venky's decided to suddenly return to Pune.

As for transfers, while Venky's need to approve big sales like Rudy and Jordan, if Gary was adamant that he doesn't want to sell the likes of Cairney then these players won't be sold.

The FFP sanctions will remain until January (unless the QPR judicial review changes the situation), other clubs such as Forest are using creative ways to get around them. Rovers are not, again with the lack of direct communication with the owners over the summer could it be a sign that Venky's are preparing to sell the club?

Any more on the O'Hara rumours ? Apparently he shone in the Blackpool team last season (not difficult considering where they ended up. Could this be a good move for Rovers - a transfer fee for Cairney - a replacement probably on less money and potentially as effective in this division ?

[AllRoverAsia]

Well this transfer window is working out badly. We've lost our main striking pace and now what little creativity we had. If one or both of our scorers go well whatever happens happens. Maybe just maybe GB has cheaper and better options lined up ...... I am not holding my breath.

Why do I get the impression that there is a fire sale taking place down Ewood way?

Edit: typed before I saw Kamy's post - is it possible for a manager to be on a % of outgoing fees?

[JayPeeBee40]

Has it been confirmed yet, cairney's departure? Even if so, that's only 1 player sold as of yet. We all know gestede is going anyway, so no point moaning when that happens. If Rhodes goes too, then is the time to be kicking off..