[Archived] Meeting With The Club.

[tomphil]

Mortgaged season tickets, high interest pay day style desperado loans..... yet more stuff dribbling out that's been alluded to on here for years. Where's the ones who wanted proof ?  Well you've got it yet again.

Also some of the twitterati trying to brandish people off this board liars for putting this stuff about and more which hasn't seen the light yet but will, sshhh !

[Dunnfc]

Just now, RV Blue said:

I don't doubt that they borrow at a high interest rate, which obviously worries me, but saying that they use 'payday loans' is just moronic. I thought you were an accountant Dunnfc?

Nope not an "accountant" payday loan is probably stretching it but Bolton used the same last season and roughly same interest and borrowing amount. It got absolutely slated and very much Craig Whyte Rangers esque and you know what happened to him

[funny-old-game]

Just now, RV Blue said:

Complete and utter rubbish. Incredible that some people believe it.

Incredible how some people choose to ignore it!

[RV Blue]

Just now, tomphil said:

Mortgaged season tickets, high interest pay day style desperado loans..... yet more stuff dribbling out that's been alluded to on here for years. Where's the ones who wanted proof ?  Well you've got it yet again.

Also some of the twitterati trying to brandish people off this board liars for putting this stuff about and more which hasn't seen the light yet but will, sshhh !

Can people who were at the meeting confirm or deny that Cheston said we use 'payday loans'? Mark Fish making it out that we are using Wonga etc. is just wrong. Short term loans aren't the same as payday loans.

[Baz]

Just now, chaddyrovers said:

Didnt Senior say Mowbray picks the area then Senior and recruitment player find the player and Mowbray and Senior decided if they want him?

Mowbray is head coach. Both seem happy with the situation. Mowbray was Senior first choice. Did anyone ask Senior why he picked Mowbray?

https://t.co/jJ6SFAIfhu

Yes, but but Mowbray seemingly despite his years in football is only allowed to pick a player from a list determined by Senior.

[Waggy76]

Just now, RV Blue said:

I don't doubt that they borrow at a high interest rate, which obviously worries me, but saying that they use 'payday loans' is just moronic. I thought you were an accountant Dunnfc?

I can believe anything ! Unfortunately the club is a circus run  by clowns !

[Parsonblue]

I thought Senior came across extremely well and Mowbray was different class.  Glad to hear Senior say that Mowbray must be in favour of any new signings and that both will work together with Tommy Johnson and his team in identifying targets.  At least they seem to have a plan and sensible not to select targets until we know the division we are in next season.  The planning around season tickets seems very sensible.  A number of Championship clubs have been selling 2017/18 season tickets for some weeks already.  Felt sorry for Cheston but I thought he did his best to explain the financial situation in terms of accessing short term loans.  I must admit that I came away quite optimistic having listened to Senior and Mowbray.  Only time will tell if they can deliver but with Venkys clearly not going anywhere, they seem to offer the best chance we have had for some time of moving forward in the right direction.

[Dunnfc]

Just now, RV Blue said:

Can people who were at the meeting confirm or deny that Cheston said we use 'payday loans'? Mark Fish making it out that we are using Wonga etc. is just wrong. Short term loans aren't the same as payday loans.

Fish isn't far wrong in terminology most likely a close brother finance type company the interest rate is very very high for commercial lending it certainly hasn't come from a bank so mark is sort of right

[RV Blue]

Just now, Dunnfc said:

Nope not an "accountant" payday loan is probably stretching it but Bolton used the same last season and roughly same interest and borrowing amount. It got absolutely slated and very much Craig Whyte Rangers esque and you know what happened to him

Saying payday loans isn't stretching it, it is completely wrong and deliberately misleading. Businesses use short term loans all the time, they don't use Wonga and the like, which is what Mark Fish suggested.

[Dunnfc]

Just now, RV Blue said:

Saying payday loans isn't stretching it, it is completely wrong and deliberately misleading. Businesses use short term loans all the time, they don't use Wonga and the like, which is what Mark Fish suggested.

No he's right to call it a pay day loan perhaps a better word tho would be emergency non bank loaning... Either way totally unacceptable for a situation to be in those interest and amounts paid back stand for 8 percent of the clubs total turnovere last year which presently has dropped at least 7 million so it's more like 12. Percent at the minute. 

[chaddyrovers]

Just now, Parsonblue said:

I thought Senior came across extremely well and Mowbray was different class.  Glad to hear Senior say that Mowbray must be in favour of any new signings and that both will work together with Tommy Johnson and his team in identifying targets.  At least they seem to have a plan and sensible not to select targets until we know the division we are in next season.  The planning around season tickets seems very sensible.  A number of Championship clubs have been selling 2017/18 season tickets for some weeks already.  Felt sorry for Cheston but I thought he did his best to explain the financial situation in terms of accessing short term loans.  I must admit that I came away quite optimistic having listened to Senior and Mowbray.  Only time will tell if they can deliver but with Venkys clearly not going anywhere, they seem to offer the best chance we have had for some time of moving forward in the right direction.

Pleased about ST coming out early. Right thing to do..

Did Senior and Mowbray look like a partnership? Did Mowbray seem happy with this? 

[tomphil]

Just now, RV Blue said:

Can people who were at the meeting confirm or deny that Cheston said we use 'payday loans'? Mark Fish making it out that we are using Wonga etc. is just wrong. Short term loans aren't the same as payday loans.

Well it's being put about but it's probably footballs equivalent to payday style loans. Not unusual in football of course but not by clubs who are selling millions of pounds worth of players to allegedly fund itself along with this huge regular input we get told about from the owners. Billionaire owners at that.

It's worrying we have to use these credit facilities but I've more issue with the owners paying the bills line which has people deluded as to the real situation. It's all a sham imo.

[Miller11]

My thoughts and observations...

Coar - didn't say a word throughout. His attendance was as pointless as his existence within the boardroom.

Mowbrary - what a breath of fresh air. Make no mistake, if we survive this season it's down to him alone. Likeable, down to earth, must instil confidence in the players. Nothing but positives to be said for him.

Senior - articulate, smooth... would have given Goebbles a run for his money in the third reich. Perhaps I'm just naturally guarded but don't trust him. Makes the right noises... jury is out.

Cheston - deary me... lacks any sort of charm or personality. Boring. Rabbit in headlights. Irritable. The polar opposite of Senior but instills even less confidence.

Pasha - the owners mouth piece. The one they talk to. Nobody has a clue what else he does. Situation seems fishy.

 

Big concerns - short term borrowing at ludicrously high interest rates simply to meet day to day expenses. Totally unsustainable in the long term. If the club were an individual they would be viewed as financially vulnerable.

Despite Mowbray best efforts, we will struggle to hang on to our brightest prospects as we can't compete financially.

 

Positives - one word... Mowbray.

[TBTF]

Just now, Parsonblue said:

I thought Senior came across extremely well and Mowbray was different class.  Glad to hear Senior say that Mowbray must be in favour of any new signings and that both will work together with Tommy Johnson and his team in identifying targets.  At least they seem to have a plan and sensible not to select targets until we know the division we are in next season.  The planning around season tickets seems very sensible.  A number of Championship clubs have been selling 2017/18 season tickets for some weeks already.  Felt sorry for Cheston but I thought he did his best to explain the financial situation in terms of accessing short term loans.  I must admit that I came away quite optimistic having listened to Senior and Mowbray.  Only time will tell if they can deliver but with Venkys clearly not going anywhere, they seem to offer the best chance we have had for some time of moving forward in the right direction.

Rubbish Parson get a grip. Why do we have a DoF and Tommy Johnson when we spend £250k in total 2 windows and can't get our best kids a contract offer?? Wake up man- Senior came across well - course he did, so did Nigel Havers ! it's a highly polished con job same as got him the job. Nobody knows who he is , what he's done in the game or anything . 

Its all smarm.

 

mowbray , no issue with him but will ultimately  become yet another fall guy because of the disfunctional two hats that run the club. You say it's sensible to defer targets until we know what division we are in yet you think the season ticket plan ( increase and all) is a good idea even though we don't know what division we will be in. They won't commit their money but these tossers expect us to commit ours. 

Its a farce Parson , you amaze me

[chaddyrovers]

Just now, TBTF said:

Rubbish Parson get a grip. Why do we have a DoF and Tommy Johnson when we spend £250k in total 2 windows and can't get our best kids a contract offer?? Wake up man- Senior came across well - course he did, so did Nigel Havers ! it's a highly polished con job same as got him the job. Nobody knows who he is , what he's done in the game or anything . 

Its all smarm.

 

mowbray , no issue with him but will ultimately  become yet another fall guy because of the disfunctional two hats that run the club. You say it's sensible to defer targets until we know what division we are in yet you think the season ticket plan ( increase and all) is a good idea even though we don't know what division we will be in. They won't commit their money but these tossers expect us to commit ours. 

Its a farce Parson , you amaze me

Senior only just joined in January.

Can we spend money with the debt or wage bill so high..

Parson has his views and should be respected. Just like yours should be. 

[MCMC1875]

59 minutes ago, Dunnfc said:

I couldn't make it tbh WMC did though MCMC is your man!

I couldn't make it due to work commitments. From word of mouth reports:

Tony Mowbray: top bloke

Give away statement from TM: " we'll see what loans we can get" ie NO CASH AVAILABLE!!!

Staged managed and pre-scripted event as expected although I hear the fans got their points across, even if they weren't reported.

#RadioLancsOut 

As they say in advertising speak: "Other audio recordings are available".

[TBTF]

Just now, chaddyrovers said:

Senior only just joined in January.

Can we spend money with the debt or wage bill so high..

Parson has his views and should be respected. Just like yours should be. 

So why are Senior AND Tommy Johnston here if we have no money to spend- that's the whole point Chaddy.

reason we have no money and are in so much debt is because of who Chaddy?

a) the fans b ) sheer bad luck or c) those tossers in Pune

And joining in January is more than enough time to sort out our best kids before they take up offers elsewhere and to sort Mahoney out given that talks started ar Xmas. 

Senior is bad news , Mark my words

[Parsonblue]

21 minutes ago, TBTF said:

Rubbish Parson get a grip. Why do we have a DoF and Tommy Johnson when we spend £250k in total 2 windows and can't get our best kids a contract offer?? Wake up man- Senior came across well - course he did, so did Nigel Havers ! it's a highly polished con job same as got him the job. Nobody knows who he is , what he's done in the game or anything . 

Its all smarm.

 

mowbray , no issue with him but will ultimately  become yet another fall guy because of the disfunctional two hats that run the club. You say it's sensible to defer targets until we know what division we are in yet you think the season ticket plan ( increase and all) is a good idea even though we don't know what division we will be in. They won't commit their money but these tossers expect us to commit ours. 

Its a farce Parson , you amaze me

You are entitled to your opinion just as I'm entitled to mine.  I'll happily be renewing my season ticket next week which is my choice.  As I said, I came away quite optimistic tonight.

[Neal]

3 hours ago, RV Blue said:

I don't doubt that they borrow at a high interest rate, which obviously worries me, but saying that they use 'payday loans' is just moronic. I thought you were an accountant Dunnfc?

 

Whats moronic is worrying about the description of the name of a loan by a fan when those loans are potentially the nail in the coffin for the club... Get some persepctive FFS.

[duggy9197]

Well its in black and white,venkys are going no were,i just say BOYCOTT THE SEASON TICKET SALES,BRING THIS CORRUPT VENKYS REGIME TO THERE KNEES,FANS HAVE A CHOICE NOW,IT DOES NOT EFFECT THE TEAM,NOT A BOYCOTT DURING THE GAME,NOT GOING TO UPSET ANYONE.KEEP YUR CAH IN YOUR POCKETS.

[Paul]

8 hours ago, RV Blue said:

Complete and utter rubbish. Incredible that some people believe it.

You are quite correct. While these are very worrying loans - and for me the only important point from last night - the description used on Twitter is highly irresponsible. 

Pay Day loan may be a useful comparison but only when it's used in the correct context. This tweet does not achieve this but it's now all over Twitter. 

[OJRovers]

Was Coyle mentioned?

[chaddyrovers]

7 hours ago, TBTF said:

So why are Senior AND Tommy Johnston here if we have no money to spend- that's the whole point Chaddy.

reason we have no money and are in so much debt is because of who Chaddy?

a) the fans b ) sheer bad luck or c) those tossers in Pune

And joining in January is more than enough time to sort out our best kids before they take up offers elsewhere and to sort Mahoney out given that talks started ar Xmas. 

Senior is bad news , Mark my words

Money isn't needed to be made good signings. Look at Grayson at Preston. Perfect example.

Mowbray will decide what positions he wants signings to be made and the type of signings. What I mean by that He wants a good passing midfielder or a winger with pace.

We all know who to blame(Pune) but I aint going to keep going on about it each and every day cos its gets boring and adds nothing to the messageboard.

Since Senior joined we have seen Doyle and Rankin Costello sign pro contracts. On Mahoney, His contract should have been sorted 18 months ago. I understand that Coyle kept promising him a new contract and nothing happened. Coyle brought in players to play in the same position as him to further push him back. we all know Coyle didn't have a clue.

I don't know whether Mahoney will sign a new contract here But I could see him playing a key role under Mowbray in the next 2 years if he signs. I think he should put money aside and Focus on playing and developing. The money will be there if he keep developing. I think Mowbray will get him to sign here

7 hours ago, Parsonblue said:

You are entitled to your opinion just as I'm entitled to mine.  I'll happily be renewing my season ticket next week which is my choice.  As I said, I came away quite optimistic tonight.

I will be renewing my season ticket. Happy it will be sort before the season ends. it doesn't matter what division we are in, I am Blackburn Rovers fan.

can you say why you came away quite optimistic please?

 

[Hasta]

Just now, Suhail Slayer said:

So what did we learn last night...

Suhail

Mike was uncomfortable talking about Suhail. But the topic kept coming back....

Mike confirmed he works there but didn't know his actual job title.

bumbled "management consultant or something, I will confirm it as I cant remember exactly"

So hes on your payrole as a high earner and you (the FD) dont know ?!

confirms Rovers do pay him

when asked if his real name was Shaikh or Pasha he closed down and said I just know him as Suhail.

Bull sheet !!!!

 

 

Very good summary Mr Slayer and if the above quote is a true representation then it does show how far removed Venkys are from the view people have that we need them, they are supportive and they are just staying out of the limelight. They are so uninterested, and have so little involvement, that the senior staff at Rovers don't even know the job title of the 'link' between the club and the owners.

To be honest I struggle to get any ire against Cheston or Senior as they are firefighting the flames of years of mismanagement. Most accountants I know would look uncomfortable trying to front up any presentation, let alone one as grim as that as BRFC.  (sorry to those I've just offended ;-) )

I'm suspicious of Senior due to ,  when you look at fans of previous clubs he's been at and the comments of people like Sutton, his name not being the greatest within the game. However so far the only stick to beat him with was Joao (who has turned it around) and some horrible cringy soundbites which showed no understanding for what the fans have been through and the recent history of our problems.

 

Venkys and Burnley Bob are the sole culprits at Ewood at the moment.

 

[mark1875]

42 minutes ago, Paul said:

You are quite correct. While these are very worrying loans - and for me the only important point from last night - the description used on Twitter is highly irresponsible. 

Pay Day loan may be a useful comparison but only when it's used in the correct context. This tweet does not achieve this but it's now all over Twitter. 

I'm pretty sure people are aware that we have not actually just phoned Wonga and applied for credit. Never the less this is the business equivalent of a payday loan.

They're borrowing at extortionate interest rates to pay bills today with the promise of paying it back on pay day (when the money comes in).

This is no different than a member of the public getting a high interest payday loan on a regular basis cos they're in financial turmoil and need cash quickly to pay the bills.

God help us if season ticket sales decline further than the recent trend, considering we've already spent the cash that we ain't even received yet. 

More to the point, Imagine what a difference to the squad the couple of million quid we've thrown on interest payments could have made.