[Archived] Takeover / Part Takeover ?

[Baz]

  On 18/05/2016 at 21:44, tomphil said:

So we wouldn't know about this alleged 30 mill until the accounts come out seeing as it might not be logged on VLL with companies house ?

Sorry but it sounds like more propaganda. I'll never believe anything with this lot unless I see evidence.

Phillips not one for propaganda.

[A cup of beans]

  On 18/05/2016 at 21:46, deryck guyler's spoon said:

You're quite obsessed and that can't be good for you.

Just ask him out. He can only say no and if he does maybe you can move on.

Good luck.

Is the spoon for stirring?

You do the same with Abbey.

Chaddy can look after himself.

Back to the fball.

[deryck guyler's spoon]

  On 18/05/2016 at 21:49, ABBEY said:

why dont you just stfu and stop being a dick..

You first

[Norbert Rassragr]

Sounds mad to say, but would administration be that bad if it was quick? We're up the Gary Glitter on and off the pitch, and relegation is pretty much nailed on as things stand, so would Seneca be able to force through a purchase and come to some agreement over what's owed to the Bank of India?

We have to get rid of Venky's even at this cost.

[A cup of beans]

  On 18/05/2016 at 21:50, Baz said:

Phillips not one for propaganda.

He's always impressed me with his legal and financial knowledge.

Offers a great deal to this message board.

[BlueMonday]

  On 18/05/2016 at 21:52, Norbert Rassragr said:

Sounds mad to say, but would administration be that bad if it was quick? We're up the Gary Glitter on and off the pitch, and relegation is pretty much nailed on as things stand, so would Seneca be able to force through a purchase and come to some agreement over what's owed to the Bank of India?

We have to get rid of Venky's even at this cost.

It becomes less and less scary with everyday that passes under these morons.

[tomphil]

  On 18/05/2016 at 21:48, philipl said:

No problem- don't believe it.

Doesn't make any difference to the coming season.

Not a dig a you. I think you said you'd 'heard' so I took that as might have might not have. Why the change in the way it's funded all of a sudden one wonders.

[deryck guyler's spoon]

  On 18/05/2016 at 21:53, A cup of beans said:

He's always impressed me with his legal and financial knowledge.

Offers a great deal to this message board.

You'd have to forget Diego Maradonna for manager and Phil pushing the boat out for Ali Syed to make that assertion. Clearly he's highly qualified but, for me he's another who lets his agenda cloud his judgement.

Kammy, unleaded, adsfortheblues and others I apologise for missing are more reliable, impartial sources of information by my estimation.

[tomphil]

  On 18/05/2016 at 21:50, Baz said:

Phillips not one for propaganda.

Not doubting him just doubting the usual suspects in India.

[PAFELL]

  On 18/05/2016 at 21:46, deryck guyler's spoon said:

You're quite obsessed and that can't be good for you.

Just ask him out. He can only say no and if he does maybe you can move on.

Good luck.

LOL

No idea what it has to do with the subject of this thread.

But - it's the nature of this site these days.

[A cup of beans]

  On 18/05/2016 at 22:01, deryck guyler's spoon said:

You'd have to forget Diego Maradonna for manager and Phil pushing the boat out for Ali Syed to make that assertion. Clearly he's highly qualified but, for me he's another who lets his agenda cloud his judgement.

Kammy, unleaded, adsfortheblues and others I apologise for missing are more reliable, impartial sources of information by my estimation.

1500 Rovers fans at St Andrews were chanting for 'Al Syed' (me included). Fans get swept up.

As for Maradona, he couldn't have done much worse than Kean, Berg, Apple etc.

[mhead]

All this fits the joke: " How to become a Millionaire?"

Answer: "Inherit a Billion and be totally incompetent"

[CAPT KAYOS]

  On 18/05/2016 at 21:37, Pedro said:

So, they are at the very least keeping us afloat?

Why the hell won't they just make sensible decisions that might ultimately give them a nice return on their investment?

Such a weird bunch and odd situation.

- only from the poison they poured into the boat - its their own concoction that has created the fiasco and upto them to rebalance it.

- The million dollar question that everybody keeps asking of what/ why they want the club/purchased us in the first place

- Absolutely

LOONS OUT!!

[BlueMonday]

  On 19/05/2016 at 07:03, CAPT KAYOS said:

- only from the poison they poured into the boat - its their own concoction that has created the fiasco and upto them to rebalance it.

- The million dollar question that everybody keeps asking of what/ why they want the club/purchased us in the first place

- Absolutely

LOONS OUT!!

Absolutely. I for one, refuse to be grateful to Venkys for 'paying the bills'.

We are all paying for Venkys failed experiment and they are continuing to own us through spite and resentment.

[Daniel Louis Grabko (Dan)]

  On 18/05/2016 at 14:56, tomphil said:

The last recorded was £1 million ish. I thought they couldn't invest that much anyway under FFP ? It is strange considering the sales income as well if it's correct, almost like it's the same money going around in circles .....

It is not investing if it is debt financing...also would love to know of the source of the £30m figure, Philipl? I know Cheston is quoted as saying that the owners have injected more funds recently, but that is presumably to cover this past season's losses, which we are not party to yet. Depending on the terms of the transfer fee with Boro, actual cash flow will be different from the booked revenue from the transfer, so even if it says losses have been dwindled we need to look at the cashflow statement.

[yoda]

  On 19/05/2016 at 09:18, Daniel Louis Grabko (Dan) said:

It is not investing if it is debt financing...also would love to know of the source of the £30m figure, Philipl? I know Cheston is quoted as saying that the owners have injected more funds recently, but that is presumably to cover this past season's losses, which we are not party to yet. Depending on the terms of the transfer fee with Boro, actual cash flow will be different from the booked revenue from the transfer, so even if it says losses have been dwindled we need to look at the cashflow statement.

There is only one thing the owners are injecting,

[MCMC1875]

  On 18/05/2016 at 21:37, BlueMonday said:

They are throwing good money after bad.

Remind me again, how are these fools millionaires?

Daddy's money. Silver spoons.

[Exiled in Toronto]

This extra 30 million could possibly be part of a deal: Venkys have to cover all outstanding losses and liabilities before Seneca take on responsibility for any incurred in the future.

Spent some time on the Seneca website and their proposed investment in Rovers is more off strategy for them than I imagined, they say they look for investments in the range of 1-20 million and their track record is mostly in US automotive component manufacturers. Hard-nosed businesses.

With or without the extra Venky cash, to not only get a return but to not lose the entire 60 million proposed funding, they would need promotion in three years. FFP prevents spending a lot more money so I would expect them to direct every pound of the existing money they can toward the goal of winning promotion. So anything that doesn't directly contribute to that goal in the three year timeframe is risking their investment and would be worthless anyway (apart from land) if we didn't go up.

[Galz]

  On 19/05/2016 at 11:22, Exiled in Toronto said:

This extra 30 million could possibly be part of a deal: Venkys have to cover all outstanding losses and liabilities before Seneca take on responsibility for any incurred in the future.

Spent some time on the Seneca website and their proposed investment in Rovers is more off strategy for them than I imagined, they say they look for investments in the range of 1-20 million and their track record is mostly in US automotive component manufacturers. Hard-nosed businesses.

With or without the extra Venky cash, to not only get a return but to not lose the entire 60 million proposed funding, they would need promotion in three years. FFP prevents spending a lot more money so I would expect them to direct every pound of the existing money they can toward the goal of winning promotion. So anything that doesn't directly contribute to that goal in the three year timeframe is risking their investment and would be worthless anyway (apart from land) if we didn't go up.

I hope this is the case. If the takeover goes ahead then i might get some seep at night again. It would be exciting times again. We can only hope but until then i am a very worried man.

[47er]

Does anyone expect Venkys to accept the offer?

[ABBEY]

THEY DONT EVEN REMEMBER WHAT BLACKBURN ROVERS IS.

[A cup of beans]

  On 19/05/2016 at 11:38, Galz said:

I hope this is the case. If the takeover goes ahead then i might get some seep at night again. It would be exciting times again. We can only hope but until then i am a very worried man.

I know where you're coming from. Venkys related stress will have took years of my life.

The day they leave, the celebrations will be on a par with 'Kean gone night' (What a night that was!)

[ABBEY]

  On 19/05/2016 at 12:06, A cup of beans said:

I know where you're coming from. Venkys related stress will have took years of my life.

The day they leave, the celebrations will be on a par with 'Kean gone night' (What a night that was!)

I have a champers in the garage awaiting VG Day

[A cup of beans]

  On 19/05/2016 at 12:07, ABBEY said:

I have a champers in the garage awaiting VG Day

I'd love a short notice messageboard drink up!

We could be even Skype it to those unable to attend.

[gumboots]

I might even attend myself.