[Archived] Why Do Venky's Continue To Own Us?

[sjsbrfc]

  On 07/05/2016 at 17:10, booth said:

The guys from Belfast. Probably never entered Ewood in his life.

He's a @#/?wit. I know that much

[ABBEY]

Jimbo G ‏@jimbo_geesus 2m2 minutes ago

@broncoblue69 Getting over the anti Venkys thing amongst supporters would get gates up and go a long way to stabilising us!

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[roverandout]

course it would, what a prick

[1arC]

  On 07/05/2016 at 17:09, DE. said:

"Interest-free loan" in this instance is quite misleading as it makes it sound generous. Even if they did add interest, how the hell would they ever get that money back?

There are plenty of other ways of getting money out of a club, other than charging Interest on Director loans. I have a feeling that they have had their pound of flesh and in reality the no interest on their debt, should probably read at least 5%. Things aren't always as they seem and it is possible to cook other things as well as the dinner!

[tomphil]

  On 07/05/2016 at 17:37, 1arC said:

There are plenty of other ways of getting money out of a club, other than charging Interest on Director loans. I have a feeling that they have had their pound of flesh and in reality the no interest on their debt, should probably read at least 5%. Things aren't always as they seem and it is possible to cook other things as well as the dinner!

Been saying this all along but then you get people saying but why would they rob themselves, they don't get it and I suppose if you don't know about big business or haven't read up on how things have gone on before in football then they won't get it.

What's happened at Ewood bares all the hallmarks of stuff that's gone on at other clubs in the past, mainly not from this country but some are. Cash in the pocket is cash in the pocket and accounts are accounts on paper.

[1arC]

  On 07/05/2016 at 17:43, tomphil said:

Been saying this all along but then you get people saying but why would they rob themselves, they don't get it and I suppose if you don't know about big business or haven't read up on how things have gone on before in football then they won't get it.

What's happened at Ewood bares all the hallmarks of stuff that's gone on at other clubs in the past, mainly not from this country but some are. Cash in the pocket is cash in the pocket and accounts are accounts on paper.

Spot on and the number of times I have heard people talk about cash in hand and the likes, with even the smallest of business, has to mean it goes on with the big boys too.

[ABBEY]

Jimbo G ‏@jimbo_geesus

@broncoblue69 They're keeping us afloat paying wages, tax bills etc and you're on about boycotting! the irony! Didn't work the last time

6:33 PM - 7 May 2016

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[ABBEY]

Jimbo G ‏@jimbo_geesus 47s48 seconds ago

@broncoblue69 Lambert left because we wouldn't throw money at him as well! Obviously someone's got a clue behind the scenes..

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[tomphil]

  On 07/05/2016 at 17:48, 1arC said:

Spot on and the number of times I have heard people talk about cash in hand and the likes, with even the smallest of business, has to mean it goes on with the big boys too.

Having the accounts on the books of the parent company absorbing them or of a holding company that makes huge losses still doesn't mean money doesn't find it's way into the pockets of the directors of these loss making enterprises. Accountants are amazing fact spinners they can make money just disappear at the flick of a pen on paper only for it reappear somewhere else. Often the least expected places

It'll happen regularly in the football industry or nobody would be involved in ownership.

[darrenrover]

  On 07/05/2016 at 17:43, tomphil said:

Been saying this all along but then you get people saying but why would they rob themselves, they don't get it and I suppose if you don't know about big business or haven't read up on how things have gone on before in football then they won't get it.

What's happened at Ewood bares all the hallmarks of stuff that's gone on at other clubs in the past, mainly not from this country but some are. Cash in the pocket is cash in the pocket and accounts are accounts on paper.

Business life and accounting doesn't work like that sadly, even in football. I'm as @#/? off as anyone but won't console myself by that train of thought. That said, if there's any other line of logic........

[Athlete]

  On 07/05/2016 at 18:03, darrenrover said:

Business life and accounting doesn't work like that sadly, even in football. I'm as @#/? off as anyone but won't console myself by that train of thought. That said, if there's any other line of logic........

Clever people and cleverer accountants can move money in any walk of life

[Stuart]

  On 07/05/2016 at 16:57, den said:

Is that Steve Kean in the black, with his arms folded? He doesn't look happy with the banner.

[gumboots]

Looks scarily like him stuart

[booth]

  On 07/05/2016 at 17:50, ABBEY said:

Jimbo G ‏@jimbo_geesus

@broncoblue69 They're keeping us afloat paying wages, tax bills etc and you're on about boycotting! the irony! Didn't work the last time

6:33 PM - 7 May 2016

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We need a prat watch thread for this kind of thing.

[yoda]

  On 07/05/2016 at 18:03, darrenrover said:

Business life and accounting doesn't work like that sadly, even in football. I'm as @#/? off as anyone but won't console myself by that train of thought. That said, if there's any other line of logic........

Correct, maybe the shareholder letter might just prize a door open

[darrenrover]

Trying to think outside the box a touch; if the Rao's are not prepared to throw a kings ransom at the club in an effort to gain promotion but just minimise and cover ongoing trading cash shortfalls, perhaps they are looking to jump ship?

They may (and should already) have realized that the likelihood of recouping what they paid for a top ten PL club and the ensuing debt, is zero without promotion. Administration or liquidation would only make that less likely and an unwanted scrutiny of the books would follow.

The fact that there is minimal executive structure and players' contractual obligations are to the bare bones, means the club is in a prime position for a new brush to stamp their authority on the place.

Wishful thinking perhaps but here's hoping. Come on Batts, Currie and co...........

[yoda]

  On 09/05/2016 at 10:19, darrenrover said:

Trying to think outside the box a touch; if the Rao's are not prepared to throw a kings ransom at the club in an effort to gain promotion but just minimise and cover ongoing trading cash shortfalls, perhaps they are looking to jump ship?

They may (and should already) have realized that the likelihood of recouping what they paid for a top ten PL club and the ensuing debt, is zero without promotion. Administration or liquidation would only make that less likely and an unwanted scrutiny of the books would follow.

The fact that there is minimal executive structure and players' contractual obligations are to the bare bones, means the club is in a prime position for a new brush to stamp their authority on the place.

Wishful thinking perhaps but here's hoping. Come on Batts, Currie and co...........

You see that's where it all falls down, thinking logically about our situation and trying to find a logical solution.

Then realising we have effing lunatics for owners.

[rovers11]

  On 09/05/2016 at 10:19, darrenrover said:

Trying to think outside the box a touch; if the Rao's are not prepared to throw a kings ransom at the club in an effort to gain promotion but just minimise and cover ongoing trading cash shortfalls, perhaps they are looking to jump ship?

They may (and should already) have realized that the likelihood of recouping what they paid for a top ten PL club and the ensuing debt, is zero without promotion. Administration or liquidation would only make that less likely and an unwanted scrutiny of the books would follow.

The fact that there is minimal executive structure and players' contractual obligations are to the bare bones, means the club is in a prime position for a new brush to stamp their authority on the place.

Wishful thinking perhaps but here's hoping. Come on Batts, Currie and co...........

May not be such wishful thinking after all.