[Archived] Takeover / Part Takeover ?

[G Somerset Rover]

Thanks Kamy. Didn't they try very similar in 2013? What makes them think they have a chance this time round?

[Norbert Rassragr]

Unusual. If your dog was a client of SEM, it would have a 4 year contract worth £35,000 p/w

[Tom]

Cheers Kamy that sounds great for everyone

Which is why I doubt it will happen but we can hope

[Proudtobeblue&white]

The people who want to takeover are indeed Ian Battersby and Ian Currie, they have offered to take a 51% controlling stake. Venky's keep 49% and do not need to put any further cash into the club.

They have a plan in place to turn around the club and getting it back challenging for top 6/promotion, as well as sorting out the executive structure and related departments within the club. They have the money in place to implement their plans. The carrot for Venky's is that if rovers go up then their 49% becomes valuable again, they can choose to sell it at that point and recoup some of the money they have out in, or keep it and hope that rovers survive in the PL in which the value of their 49% would continue to rise. Basically they are being offered a managed exit.

All of this has come from their proposal documents that were sent to Venky's for consideration.

The two Ian's not commenting on this at the moment but fingers crossed they talk about this soon.

Absolutely no idea whether this will be accepted or will go down the line of other proposals whe they have been totally and utterly ignored.

Great news, but we are dealing with the worst owners in footy world, I await the result with skepticism

[roverandout]

So basically same @#/?, different day

[McClarky]

Thanks Kamy, again it's the hope that kills you in the end.

[Tardyrover]

Thanks Kamy.

I'm out ZZZZZzzzzzzzzz

[Kamy100]

Thanks Kamy. Didn't they try very similar in 2012 or 13?

If I remember clearly then it was more to help Venky's manage things but not take controlling stake.

[AdamRochina]

They tried before and failed.. They will this time..move on

[SIMON GARNERS 194]

Good luck then to the two Ian's....we need these Rovers fans inside the club.

[BigUts]

Unusual. If your dog was a client of SEM, it would have a 4 year contract worth £35,000 p/w

I'm under an NDA so cannot divulge if this is, or indeed is not, correct.

[Roverall]

Venkys won't want anyone sifting through their dealings at Rovers. I fear this is a non-runner.

[yoda]

I'm under an NDA so cannot divulge if this is, or indeed is not, correct.

No problem, Chaddy will be along soon

[BlueMonday]

The people who want to takeover are indeed Ian Battersby and Ian Currie, they have offered to take a 51% controlling stake. Venky's keep 49% and do not need to put any further cash into the club.

They have a plan in place to turn around the club and getting it back challenging for top 6/promotion, as well as sorting out the executive structure and related departments within the club. They have the money in place to implement their plans. The carrot for Venky's is that if rovers go up then their 49% becomes valuable again, they can choose to sell it at that point and recoup some of the money they have put in, or keep it and hope that rovers survive in the PL in which the value of their 49% would continue to rise. Basically they are being offered a managed exit.

All of this has come from their proposal documents that were sent to Venky's for consideration.

The two Ian's not commenting on this at the moment but fingers crossed they talk about this soon.

Absolutely no idea whether this will be accepted or will go down the line of other proposals whe they have been totally and utterly ignored.

The most likely outcome.

Are there any figures quoted. What are they valuing 51% at.

Good work Kamy, you've given us a glimmer of hope.

Here's hoping.

[G Somerset Rover]

If I remember clearly then it was more to help Venky's manage things but not take controlling stake.

Looks like it was more than advising them last time out too:

http://www.telegraph.co.uk/sport/football/teams/blackburn-rovers/9996345/Blackburn-Rovers-supporters-urging-clubs-owners-to-sell-and-end-disastrous-three-year-reign-at-Ewood-Park.html

Let's hope they listen this time but have my doubts.

[roverandout]

How the hell are them two going to turn rovers around, they're not exactly awash with money, rovers need serious in investment in the squad and a proper manager, unless they have some money bags behind the scene who they are working for, anything is better than the venkys though I suppose, another non story, thanks for the info though kamy,

[yoda]

What a pity this didn't come out before the last game

[Baz]

The people who want to takeover are indeed Ian Battersby and Ian Currie, they have offered to take a 51% controlling stake. Venky's keep 49% and do not need to put any further cash into the club.

They have a plan in place to turn around the club and getting it back challenging for top 6/promotion, as well as sorting out the executive structure and related departments within the club. They have the money in place to implement their plans. The carrot for Venky's is that if rovers go up then their 49% becomes valuable again, they can choose to sell it at that point and recoup some of the money they have put in, or keep it and hope that rovers survive in the PL in which the value of their 49% would continue to rise. Basically they are being offered a managed exit.

All of this has come from their proposal documents that were sent to Venky's for consideration.

The two Ian's not commenting on this at the moment but fingers crossed they talk about this soon.

Absolutely no idea whether this will be accepted or will go down the line of other proposals whe they have been totally and utterly ignored.

Just to confirm, no money upfront for the 51%, just that Venkys don't have to put any more money in, and the 2 Ians investment will be for the footballing side?

There is money upfront but not to Venky's. All goes into the club to get into a position to challenge for promotion. Venky's get money if we go up and they cash in their 49%. Better than current situation where they are putting in money into a black hole with no prospect of return at the moment due to the circus we have become.

[Kamy100]

Obviously no idea if Venky's will accept this.

It is deffo been submitted to them as it was initially leaked from Pune.

My gut feeling is that unfortunately it will go the way of other proposals and will be rejected or completely ignored as they tend not to like sensible ideas. I hope that I am wrong.

[chaddyrovers]

Thanks Kamy for the story.

Lets just hope they sell.

Battersby and Currie would be good owners for us

[yoda]

How the hell are them two going to turn rovers around, they're not exactly awash with money, rovers need serious in investment in the squad and a proper manager, unless they have some money bags behind the scene who they are working for, anything is better than the venkys though I suppose, another non story, thanks for the info though kamy,

I believe they have associates that do have

[JohnD]

So Venky's keep the debt?

Interest free?

Do the Ians really have the cash and income to support the current losses?

I hope so and wish them well but I doubt it

[koi]

Well fair play if they think they've a chance but I won't even be putting one of chaddy's fivers on this.

[PeteJD13]

The only reason I can see this working is venkys core business is losing money

[McClarky]

I suppose it comes down to how desperate they are to get out. Presuming this would give them a few bob up front but they would still be down by many millions. Would be surprised if it went ahead but who knows.