Jump to content

BRFCS

BY THE FANS, FOR THE FANS
SINCE 1996
Proudly partnered with TheTerraceStore.com

[Archived] Takeover / Part Takeover ?


Recommended Posts

  • Replies 1.4k
  • Created
  • Last Reply

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.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Announcements

  • You can now add BlueSky, Mastodon and X accounts to your BRFCS Profile.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.