[Archived] An Open Letter

[mhead]

Personally believe on a two-tier approach:

-key business men and women(50 +) offering to donate 100k each

-supporters funding from 50p upwards to the 'fighting' fund

The first amount is to keep us,initially, afloat.

The second fund is to keep supporters engaged,however limited they are in terms of money.

How a 'Group' can agree on this and what to do is the key issue. We need a figurehead and quickly.....and the first 5mn should not be wasted on protests but as an antidote to the 'risks' involved with Venkys reversing out of their expensive toy.

We need 49 others like me,cos I would pledge 100k(and not in a macho way)....we have to safeguard 'our' Club.

[Stuart]

cant believe someone took the time to do a poll on biscuits..its pathetic aint it pal...odd is understatement.

It's really got under your skin this.

Have a break...

Have a Kit Kat!

[Athlete]

Personally believe on a two-tier approach:

-key business men and women(50 +) offering to donate 100k each

-supporters funding from 50p upwards to the 'fighting' fund

The first amount is to keep us,initially, afloat.

The second fund is to keep supporters engaged,however limited they are in terms of money.

How a 'Group' can agree on this and what to do is the key issue. We need a figurehead and quickly.....and the first 5mn should not be wasted on protests but as an antidote to the 'risks' involved with Venkys reversing out of their expensive toy.

We need 49 others like me,cos I would pledge 100k(and not in a macho way)....we have to safeguard 'our' Club.

This is difficult as who has that kind of spare cash floating around...even the business supporters I know don't have anywhere near that as spare change

[oldjamfan1]

It's really got under your skin this.

Have a break...

Have a Kit Kat!

A cracker of a post

[arbitro]

This is difficult as who has that kind of spare cash floating around...even the business supporters I know don't have anywhere near that as spare change

I don't believe that if there was a substantial offer to the Indians that they would come to the table. That has been the problem pretty much from the start that they just won't talk to anybody or listen to any advice from people who know the business and, more importantly have Rovers best interests at heart.

Their ignorance and arrogance continues to astound me.

[punerover]

As far as putting in money is concerned I would presume one would need a 120 million. 100 million debt + 20 million that they bought the club for assuming that the Venky's do not want a profit out of it and want to just get out. That money would just get them out. Then it comes to those 2 odd million a month to sustain the club. I would be hard to convince an investor to cough up that kind of dough. And 140 odd million is tad bit difficult to crowd-fund with 20-30000 odd supporters. Each supporter would have to cough up in access of 7000 pounds just to run the club for the first year.

[OJRovers]

As far as putting in money is concerned I would presume one would need a 120 million. 100 million debt + 20 million that they bought the club for assuming that the Venky's do not want a profit out of it and want to just get out. That money would just get them out. Then it comes to those 2 odd million a month to sustain the club. I would be hard to convince an investor to cough up that kind of dough. And 140 odd million is tad bit difficult to crowd-fund with 20-30000 odd supporters. Each supporter would have to cough up in access of 7000 pounds just to run the club for the first year.

£120 million !!! making a profit out of it??!!!

If they believe they are getting their money back they are even more deluded than I thought.

They'll be lucky to sell it for £1.

[punerover]

By that logic every loss making club owner should be ready to sell their clubs for 1 pound Which would include most clubs to be honest. I don't see a club for sale for 1 pound sign anywhere.

[OJRovers]

By that logic every loss making club owner should be ready to sell their clubs for 1 pound Which would include most clubs to be honest. I don't see a club for sale for 1 pound sign anywhere.

Well the most recent club to be sold in the Championship was Bolton, which went for..............£0

Why would Rovers be any different?

[CAPT KAYOS]

By that logic every loss making club owner should be ready to sell their clubs for 1 pound Which would include most clubs to be honest. I don't see a club for sale for 1 pound sign anywhere.

Keep watching close to home pune - it may be here sooner than you think

[punerover]

Because as far as my business knowledge goes any successful transaction requires a buyer and a seller and they have to agree on a price. Just because X chose to sell X price does not mean Y should sell it at X price as well. Simple. Right?

[yoda]

Because as far as my business knowledge goes any successful transaction requires a buyer and a seller and they have to agree on a price. Just because X chose to sell X price does not mean Y should sell it at X price as well. Simple. Right?

The lunes can't agree how to run the gaff, never mind agree a price for selling

[punerover]

That I agree

The lunes can't agree how to run the gaff, never mind agree a price for selling

[punerover]

Because the Blackpool supporters offered the oystons 16 million which they rejected. They should have taken that and left. Last I heard manchester united were 400 odd million in debt. How much do you think they are worth? Should the Glazers sell for 0 pounds ? Does not work that way.

Well the most recent club to be sold in the Championship was Bolton, which went for..............£0

Why would Rovers be any different?

[yoda]

Because the Blackpool supporters offered the oystons 16 million which they rejected. They should have taken that and left. Last I heard manchester united were 400 odd million in debt. How much do you think they are worth? Should the Glazers sell for 0 pounds ? Does not work that way.

Manure are making a profit and have substantial assets

[punerover]

Hoping that the debt will be repaid one fine day after a decade [or more]. Yes, you are right.

Manure are making a profit

http://www.marketwatch.com/investing/stock/manu/financialsnot in 2015. the graph seems to have tanked and will only go lower if they do not get into the champion's league.

[yoda]

Hoping that the debt will be repaid one fine day after a decade [or more]. Yes, you are right.

http://www.marketwatch.com/investing/stock/manu/financialsnot in 2015. the graph seems to have tanked and will only go lower if they do not get into the champion's league.

What about the substantial assets,

You will have an imposible task talking up the value of the Rovers

Are you, or have you ever been Balaji ?

[punerover]

1. Assets are only important if they can generate positive cash flow.

2. Every one who owns a club below the EPL and does not get promoted to the EPL would face that impossible task. Its about managing it well.

3. What question is this? I am sorry I did not get you. Are you Mrs D?

What about the substantial assets,

You will have an imposible task talking up the value of the Rovers

Are you, or have you ever been Balaji ?

[yoda]

1 not true

2 not impossible for a well run club

3 go figure

[tomphil]

As far as putting in money is concerned I would presume one would need a 120 million. 100 million debt + 20 million that they bought the club for assuming that the Venky's do not want a profit out of it and want to just get out. That money would just get them out. Then it comes to those 2 odd million a month to sustain the club. I would be hard to convince an investor to cough up that kind of dough. And 140 odd million is tad bit difficult to crowd-fund with 20-30000 odd supporters. Each supporter would have to cough up in access of 7000 pounds just to run the club for the first year.

Well the 2 mill a month should be cut back a good bit by now and if someone with real clout took over that wouldn't matter because they'd sustain it or pay offs those bleeding it. You aren't looking at having to sustain 2 mill a month loses for ever.

Secondly if a lesser organisation took over then they'd obviously have to bring it in line by cutting everything back to the bones for a while then building it up again. I'd rather take that model without Venkys doing it.

The real problem is the external debt which at the moment the value of club and assets probably just about covers and of course the VLL money. They'd just have to write it off or come to some agreement of some kind of payback scheme. That may take forever but so what I don't think they actually personally desperately need it but they'd be getting it back in principle.

Your right though they won't do that unless they have to or are forced to so we are stuck with them forever. It's unreal that people would rather see the club go bankrupt to get rid of these lot rather than continue the death by a thousand cuts model they've so generously foisted upon us.

1. Assets are only important if they can generate positive cash flow.

2. Every one who owns a club below the EPL and does not get promoted to the EPL would face that impossible task. Its about managing it well.

3. What question is this? I am sorry I did not get you. Are you Mrs D?

For just a bloke from Pune you seem well clued up and very deep on all this.

Out yourself and stop faffing

[punerover]

1. Why ? Please explain. Unless of course you are going to say go figure

2. Precisely. Every owner thinks they run the club well. Would any owner say or admit they are not running the club well?

3. Stupid point.

[Athlete]

Well the 2 mill a month should be cut back a good bit by now and if someone with real clout took over that wouldn't matter because they'd sustain it or pay offs those bleeding it. You aren't looking at having to sustain 2 mill a month loses for ever.

Secondly if a lesser organisation took over then they'd obviously have to bring it in line by cutting everything back to the bones for a while then building it up again. I'd rather take that model without Venkys doing it.

The real problem is the external debt which at the moment the value of club and assets probably just about covers and of course the VLL money. They'd just have to write it off or come to some agreement of some kind of payback scheme. That may take forever but so what I don't think they actually personally desperately need it but they'd be getting it back in principal

Tomphil you've totally hit the nail on the head with our assets and external debt because if we carry on as we are and the external debt becomes a lot higher than our assets then we're really in the mire

Never mind VLL debt

Another 12 months bumbling along as we are could actually bring the club down with Venky's here or not

Sorry state of affairs which something has to change

[punerover]

Tomphil: Distance learning. Been on this msg-board for ages now in terms of internet time There are lots of decent posters in here. I just assimilate the information.

[tomphil]

Tomphil: Distance learning. Been on this msg-board for ages now in terms of internet time There are lots of decent posters in here. I just assimilate the information.

Good lad, carry on. Your contributions are interesting even if everyone doesn't agree.

Tomphil you've totally hit the nail on the head with our assets and external debt because if we carry on as we are and the external debt becomes a lot higher than our assets then we're really in the mire

Never mind VLL debt

Another 12 months bumbling along as we are could actually bring the club down with Venky's here or not

Sorry state of affairs which something has to change

It could well be the bank that have now intervened and insisted on a hardline approach to stop just that happening. Remember it didn't take the Venkys/Kentaro ownership long before Barclays began to panic and try and pull them in line.

[punerover]

Just need to save up enough to sponsor myself to a home game at ewood park. Hopefully in this life time

Good lad, carry on. Your contributions are interesting even if everyone doesn't agree.

It could well be the bank that have now intervened and insisted on a hardline approach to stop just that happening. Remember it didn't take the Venkys/Kentaro ownership long before Barclays began to panic and try and pull them in line.