[Archived] Transfers Part 2

[JBiz]

Tragically, we're now at the point where we might as well have kept Bowyer. His sacking, in hindsight, makes zero sense.

If he'd lost Rhodes and had the similar lack of investment, I'dve expected us to be in just as much trouble now as we are. GB had some elbow room initially to sign a few from a percentage saved on wage budget and a few sales Scott Dann, Martin Olsson, Rochina, Fornica et al.

There is an argument that his success in bringing in some examples of players you can turn around for a profit, effectively prolonged the "agony". If GB had been a complete disaster and we'd sailed through the divisions backwards, could anyone see the idiots still being here? Possibly..

One tiny positive of Coyle not getting any money has been missed by many - he can't set up any more of the crooked deals that set this club back 30 years. That shouldn't be missed by those who are narked by the "who are SEM?" quote.,,

[Mercer]

The chance of it getting through would be ultra slim, obviously i'd imagine any administrator would issue NDA's to interested parties to confirm buyers identities whilst the issue of whether the FL would rubber stamp it i.e like at Forest and Leeds would remain.

The fact we would be in an administration would rid club of the current owners and vice versa until a buyer would be found. The director of the club would be the administrator i.e someone like Trevor Birch or Andrew Andronikou.

Shame we are not behind with the VAT and PAYE as HMRC are watching clubs like a hawk at the minute and issue WUP's easily.

Maybe, we are close to the precipice.

[Lancaster Rover]

The chance of it getting through would be ultra slim, obviously i'd imagine any administrator would issue NDA's to interested parties to confirm buyers identities whilst the issue of whether the FL would rubber stamp it i.e like at Forest and Leeds would remain.

The fact we would be in an administration would rid club of the current owners and vice versa until a buyer would be found. The director of the club would be the administrator i.e someone like Trevor Birch or Andrew Andronikou.

Shame we are not behind with the VAT and PAYE as HMRC are watching clubs like a hawk at the minute and issue WUP's easily.

There is a huge difference between issuing WUP and them actualy going through, as I've said before my Dad works in football and I know of several north west 'northern' clubs that have had WUP issued, sometimes several, none have got through. In one case a loan was issued from the PFA to pay it and the clubs players wages! The FL will let most things go to maintain the status quo.

[Tony Diamond Inc]

I'm not quite sure what you expected. He wasn't allowed to do the job promised him so he walked.

He didn't con the fans by carrying on collecting a salary for doing what he knew could not work successfully and, in the end, he owed us nothing. Hie contract was with Venkys not us.

But he did save us from relegation imo.

He was bobbins!

[broadsword]

If he'd lost Rhodes and had the similar lack of investment, I'dve expected us to be in just as much trouble now as we are.

Isn't that rather the point that DE was making?

We've changed manager twice, to absolutely no effect?

If Venky's are slashing and burning prior to getting out of the door, then why did they turn down Seneca? Because it wouldn't have guaranteed them total exit?

From what I know they have portraits of family members hanging up at Ewood, I hope they're not given back, I hope instead that they get burned (or similar).

[chaddyrovers]

My guess as to what is happening is that this is phase one of an exit strategy for Venky's. They are using the money (£30 million plus raised over the last 12 months or so) to finance the day to day running costs (which they have also streamlined to the bare minimum) and to pay off the loans that they have taken from State Bank Of India, once they get those loans down to a level which acceptable to them, they will then look to flog the club and get whatever they can for it using the money raised from the sale to further reduce the State Bank of India.

They aren't putting anymore serious money into the club and have instead ordered cutback in every facet of the club both on the playing and none playing side of things. Everything that they are committing to on the playing side is either cheap (free) or short term (loans), they are not interested in even spending small sums of money like they did with Bowyer who bought the likes of Marshall, Rudy, Cairney etc and turned profits on them. Every decision is short term.

Make you wonder why they never sold to seneca during the summer now?

[JHRover]

We can hope the reason they didn't sell to Seneca was because they don't want to 'share' and don't want to have to continue to carry the debt for the club whilst someone else runs it for them. Maybe they would prefer a complete clean break and prior to doing that are going to recoup as much cash as possible to pay off some of their debts first.

The problem is that the club is a lot less attractive in League One. In the Championship we could attract foreign investors who want to get to the Premier League quickly. In League One it is much less likely. So whilst they might be making the debt/running costs more manageable for potential buyers, the flip side is that less people would pay good money for a 3rd division Rovers than a 2nd division Rovers.

[mustard]

That is true but the money that they gave to the club is money that they have borrowed from state bank of India and Venky's will have to pay that back.

Cheers for the clarification.

[Dunnfc]

There is a huge difference between issuing WUP and them actualy going through, as I've said before my Dad works in football and I know of several north west 'northern' clubs that have had WUP issued, sometimes several, none have got through. In one case a loan was issued from the PFA to pay it and the clubs players wages! The FL will let most things go to maintain the status quo.

That's not entirely I don't think, it is my perception that once a WUP has been issued usually on a missed payment in terms of someone like Bury by a day then the WUP what is then issued must be heard in a court or annulled in a court. Also once issued the owners of the club would then lose the right to placing the club into administration themselves making the club technically ring fenced.

[1864roverite]

My guess as to what is happening is that this is phase one of an exit strategy for Venky's. They are using the money (£30 million plus raised over the last 12 months or so) to finance the day to day running costs (which they have also streamlined to the bare minimum) and to pay off the loans that they have taken from State Bank Of India, once they get those loans down to a level which acceptable to them, they will then look to flog the club and get whatever they can for it using the money raised from the sale to further reduce the State Bank of India.

They aren't putting anymore serious money into the club and have instead ordered cutback in every facet of the club both on the playing and none playing side of things. Everything that they are committing to on the playing side is either cheap (free) or short term (loans), they are not interested in even spending small sums of money like they did with Bowyer who bought the likes of Marshall, Rudy, Cairney etc and turned profits on them. Every decision is short term.

I just don't get that strategy Kamy as good as it sounds. If venjys had anything about them they would realise there is a massive pot of gold in the offing for what should be very little investment.

£10m spent on the right players would see Rovers go up and be in receipt of £140m plus, even with a relegation to come they would still receive the best part of £50m over 4 seasons. Call then philanthropist or dickheads anyone with an ounce of common sense would see the golden pot on the horizon. Unfortunately, venkys being venkys just cant seem to listen to the right kind of people and their strategy becomes even more questionable when they have had an alleged offerof investment only to turn it down out of sheer ignorance.

They are just a bunch of clucking idiots

[rovers11]

Looking at the situation logically, everything points to them planning an exit. But when has logic ever applied to Venky's?

Why didn't they 'sell' to Senaca? Well, I don't think Senaca were offering to take on the debt. They were only offering to invest in the squad (which Venky's care little about) and take on the running costs (that doesn't help Venky's pay off some of the BoI debt). From a business point if view, it's far better for them to sell off what they can (I.e. wait to the end of the transfer window) and then hand over to Senaca to take on this season's running costs.

Chances of Duffy and Marshall being offered new contracts...zero.

[Gav]

Maybe, we are close to the precipice.

Give me administration, points deductions et al, anything to get rid of these idiots.

I don't care how it happens as long as they go.

Blackburn Rovers can be a force again, I have no doubt about that, but the longer this goes on the less chance we have of recovery.

[rovers11]

I just don't get that strategy Kamy as good as it sounds. If venjys had anything about them they would realise there is a massive pot of gold in the offing for what should be very little investment.

£10m spent on the right players would see Rovers go up and be in receipt of £140m plus, even with a relegation to come they would still receive the best part of £50m over 4 seasons. Call then philanthropist or dickheads anyone with an ounce of common sense would see the golden pot on the horizon. Unfortunately, venkys being venkys just cant seem to listen to the right kind of people and their strategy becomes even more questionable when they have had an alleged offerof investment only to turn it down out of sheer ignorance.

They are just a bunch of clucking idiots

£10m? Doesnt buy you anything nowadays. Newcastle have spent nearly £50m and that's a trend I expect to continue with the increased parachute payments.

[punerover]

We can hope the reason they didn't sell to Seneca was because they don't want to 'share' and don't want to have to continue to carry the debt for the club whilst someone else runs it for them. Maybe they would prefer a complete clean break and prior to doing that are going to recoup as much cash as possible to pay off some of their debts first.

The problem is that the club is a lot less attractive in League One. In the Championship we could attract foreign investors who want to get to the Premier League quickly. In League One it is much less likely. So whilst they might be making the debt/running costs more manageable for potential buyers, the flip side is that less people would pay good money for a 3rd division Rovers than a 2nd division Rovers.

"Sharing" the club's debts is just one aspect. Surely the key would have been the monetary benefits if Seneca would have got Rovers to the premier league. The risk to reward ratio was much higher then NOT sharing. This is assuming they thought or believed that Seneca was capable of taking us to the promised land. I doubt if this was a reason to NOT sell. Nobody would offer that kind of money without being a partner or without looking at the books and due diligence. Which again points to your Point number 4.

[Lancaster Rover]

Make you wonder why they never sold to seneca during the summer now?

Its fairly obvious isn't it? They didn't sell so they could pay incoming transfers fees straight off any debts due to be borne by them.

[alderson777]

This is a transfer Thread, becoming quite boring to read.

[Lancaster Rover]

I just don't get that strategy Kamy as good as it sounds. If Venkys had anything about them they would realise there is a massive pot of gold in the offing for what should be very little investment.

£10m spent on the right players would see Rovers go up and be in receipt of £140m plus, even with a relegation to come they would still receive the best part of £50m over 4 seasons. Call then philanthropist or dickheads anyone with an ounce of common sense would see the golden pot on the horizon. Unfortunately, venkys being venkys just cant seem to listen to the right kind of people and their strategy becomes even more questionable when they have had an alleged offerof investment only to turn it down out of sheer ignorance.

They are just a bunch of clucking idiots

There is no way 10ml gets you out of this league, it doesn't even buy you both legs of Ross McCormack, Venky's have never had the liquid assets needed to invest in promotion, so 10ml might as well be 100ml. It looks as if their line of credit has run dry and they don't have the cash themselves to risk on investing heavily in the hope we go up.

[broadsword]

This is a transfer Thread, becoming quite boring to read.

There aren't any transfers, so that's not surprising.

[Al]

Yěxǔ nǐ shì duì de.

pardon? Is that a song lyric?

[Mike E]

Blueboy333, you'd do well not to random flame members and mods, please.

[Al]

Entering admin wouldn't guarantee getting rid, what if they were to say buy it back through one of their many shell companies/companies or an intimidiary?

Anybody can make one mistake. To do the same again is stupid.

[blueboy3333]

Blueboy333, you'd do well not to random flame members and mods, please.

Do you want to show me EXACTLY where i've done that?

[Dunnfc]

Anybody can make one mistake. To do the same again is stupid.

Ken bates at Leeds managed it.

Al Fahim at Pompey almost did before the fans group swooped in.

The other side to admin is we'd need to sell the training ground and rent it back to pay for the process. We'd also attract all sorts of vultures who'd circle to get the last bits of meat from the bone.

[gazsimm]

Don't understand why they got rid of GB in the 1st place if they are going down this route. It would of made more sense to keep GB then waste the money in sacking him then appointing Lambert & Coyle.

What I want to know is;

As Coyle even seen the Venkys yet?

Why have the Venkys not made contact with the fans for months/years?

[Al]

Ken bates at Leeds managed it.

Al Fahim at Pompey almost did before the fans group swooped in.

The other side to admin is we'd need to sell the training ground and rent it back to pay for the process. We'd also attract all sorts of vultures who'd circle to get the last bits of meat from the bone.

It is the job of the administrator to avoid the vultures and sell to somebody who wishes to run the company as a going concern. A good administrator will do that.