[Archived] New CEO at Ewood

[Bigdoggsteel]

So ,this is BS?

[tomphil]

Just now, BigUts said:

I was just about to post the same. We could be putting 2+2 together and getting 5 here, but it seems a bit suspicious to me...

I did post a few months ago that a guy I know heard from someone who worked at Rovers that he reckoned a consortium were taking over one of the Venkys shares in the club but it was being kept under wraps. Lad who told me doesn't follow Rovers or football very closely and I know he wasn't making it up but of course it came from someone he just met by chance.

Probably nothing in it at all but since then we've had TM installed and a bit of spending in summer plus one or two other things going on like the unusual accounting process so you never know although companies house doesn't show anything other than the norm.

[Bigdoggsteel]

44 minutes ago, tomphil said:

I did post a few months ago that a guy I know heard from someone who worked at Rovers that he reckoned a consortium were taking over one of the Venkys shares in the club but it was being kept under wraps. Lad who told me doesn't follow Rovers or football very closely and I know he wasn't making it up but of course it came from someone he just met by chance.

Probably nothing in it at all but since then we've had TM installed and a bit of spending in summer plus one or two other things going on like the unusual accounting process so you never know although companies house doesn't show anything other than the norm.

Is that allowed? 

[tomphil]

33 minutes ago, Bigdoggsteel said:

Is that allowed? 

Why wouldn't it be ?    You'd think they'd have to buy them though and that would show up sooner or later.

Mind you I've always been of the impression we already have unofficial co owners

[Bigdoggsteel]

1 minute ago, tomphil said:

Why wouldn't it be ?    You'd think they'd have to buy them though and that would show up sooner or later.

Mind you I've always been of the impression we already have unofficial co owners

Would that not be blatant shadow ownership? 

If someone bought enough shares to have a say in how the club is run, I am pretty sure the info would appear in the public domain somewhere. 

[tomphil]

Just now, Bigdoggsteel said:

Would that not be blatant shadow ownership? 

If someone bought enough shares to have a say in how the club is run, I am pretty sure the info would appear in the public domain somewhere. 

Which is what I said sooner or later it would come up at companies house but you never know in football remember the FA investigating Leeds and they couldn't actually determine who owned it.

Maybe an unofficial invester could take over from the unofficial partners the Vs already have

Who knows what offshore agreements get struck in far flung places but it's likely there's nothing in it but just some odd coincidences.

[Herbie6590]

Minority shareholdings are quite common & dependent upon the % of shares held, grant the shareholder some rights. Venky’s could theoretically sell a minority stake to a consortium. 

The attached explains more, see section 6 especially.

 

https://uk.practicallaw.thomsonreuters.com/5-613-3685?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1

[JHRover]

I don't really see what possible benefit there would be to either Venkys or the 3rd party to them buying a minority shareholding in the club. As Battersby has alluded to, the only point in him getting involved would be if they handed him 51% of the shares and therefore put him in a position to run the club on his terms. Giving or selling 25% or whatever of a worthless loss making club would achieve nothing other than less hassle to the one who has relinquished the shares. There would be no benefit to anyone in taking those shares on unless there were cast iron contracts in place handing power of attorney over to the minority shareholders.

A more likely course is that Venkys financial gurus and the Bank of India have got fed up with haemorrhaging millions on millions every year and are now starting to tighten things up and insist on doing things differently - all decisions overseen by 'inside man' Pasha.

Minority stakes very rarely get bought in modern day football. A Chinese group bought a slice of Man City not long since and Moshiri took 49% of Everton but given their fragmented shareholding he is by far the biggest single shareholder and therefore de facto in control of the club. Other than that the minimum groups tend to buy is 50% to put them on an even footing with the existing owners.

[Bigdoggsteel]

33 minutes ago, JHRover said:

I don't really see what possible benefit there would be to either Venkys or the 3rd party to them buying a minority shareholding in the club. As Battersby has alluded to, the only point in him getting involved would be if they handed him 51% of the shares and therefore put him in a position to run the club on his terms. Giving or selling 25% or whatever of a worthless loss making club would achieve nothing other than less hassle to the one who has relinquished the shares. There would be no benefit to anyone in taking those shares on unless there were cast iron contracts in place handing power of attorney over to the minority shareholders.

A more likely course is that Venkys financial gurus and the Bank of India have got fed up with haemorrhaging millions on millions every year and are now starting to tighten things up and insist on doing things differently - all decisions overseen by 'inside man' Pasha.

Minority stakes very rarely get bought in modern day football. A Chinese group bought a slice of Man City not long since and Moshiri took 49% of Everton but given their fragmented shareholding he is by far the biggest single shareholder and therefore de facto in control of the club. Other than that the minimum groups tend to buy is 50% to put them on an even footing with the existing owners.

No, it wouldn't make sense in most cases, but it could for us. If a consortium with football knowledge bought 20% of the shares and Venkys let them make the calls, it could be good for all involved. New shareholders get a say in a currently under performing club, with a potential for growth. Venkys get advice from football people ,without losing face by selling now. 

Having said that, your 2nd paragraph is probably what is actually happening. 

[JHRover]

5 minutes ago, Bigdoggsteel said:

No, it wouldn't make sense in most cases, but it could for us. If a consortium with football knowledge bought 20% of the shares and Venkys let them make the calls, it could be good for all involved. New shareholders get a say in a currently under performing club, with a potential for growth. Venkys get advice from football people ,without losing face by selling now. 

Having said that, your 2nd paragraph is probably what is actually happening. 

But why would anyone with an interest in football buy or take on a minority shareholding at this club? They would be leaving themselves wide open to being overruled by Venkys.

Venkys have shown that they are inappropriate and impossible to deal with, hiding away in their palaces in India on a different continent, time zone and way of doing business than anyone else.

The give away is that the club is still run by a one man board with Pasha scuttling around in the shadows. If a 3rd party had control or influence over the running of the club I'm fairly sure the first thing they would do is recruit capable staff to run the club rather than allowing this farce to continue with a power vacuum and people with dubious credentials running the show.

[Bigdoggsteel]

Just now, JHRover said:

But why would anyone with an interest in football buy or take on a minority shareholding at this club? They would be leaving themselves wide open to being overruled by Venkys.

Venkys have shown that they are inappropriate and impossible to deal with, hiding away in their palaces in India on a different continent, time zone and way of doing business than anyone else.

The give away is that the club is still run by a one man board with Pasha scuttling around in the shadows. If a 3rd party had control or influence over the running of the club I'm fairly sure the first thing they would do is recruit capable staff to run the club rather than allowing this farce to continue with a power vacuum and people with dubious credentials running the show.

It seems that some appointments have been made. This guy from Fulham in recruitment , for example. A CEO would be great, but it appears the info, in this instance, was bunkum 

[philipl]

Anyone seen Brad Pitt at Ewood yet?

[Dunnfc]

2 minutes ago, philipl said:

Anyone seen Brad Pitt at Ewood yet?

No but I'm sure this man in his own head thinks he's Brad Pitt. Paul silver tongue Senior 

[philipl]

Perhaps we will have to settle for

 

I hear she is available.

Especially for Vinjay

[tomphil]

6 minutes ago, Dunnfc said:

No but I'm sure this man in his own head thinks he's Brad Pitt. Paul silver tongue Senior 

AKA the human shield, any shadow directors out there about to feel the heat ?  Give this man a call.

[Vinjay]

Has Senior shown up anywhere else or is he still being paid off on whatever deal he had here?

[ruggles1995]

https://www.rovers.co.uk/club/whos-who/

who is ghandi babu?

Also should suhail Pasha be on this in some capacity?

[JHRover]

13 minutes ago, tomphil said:

AKA the human shield, any shadow directors out there about to feel the heat ?  Give this man a call.

He might be turning up at Everton shortly the way they are going on. Deal to the end of the season, take Moshiri out of the spotlight, talk about long term plans etc. and then off into the sunset in May.

[Dunnfc]

9 minutes ago, Vinjay17 said:

Has Senior shown up anywhere else or is he still being paid off on whatever deal he had here?

Football consultant these days. No club linked with him though yet. I'd be inclined to think he was only appointed short term and no such pay off exists.

3 minutes ago, ruggles1995 said:

https://www.rovers.co.uk/club/whos-who/

who is ghandi babu?

Also should suhail Pasha be on this in some capacity?

Babu is a specialist tax adviser in Hyderabad for VH Group.

14 minutes ago, tomphil said:

AKA the human shield, any shadow directors out there about to feel the heat ?  Give this man a call.

Who ever we appoint, Senior is living proof some fans just lap up sound bites ?

[tomphil]

Just now, JHRover said:

He might be turning up at Everton shortly the way they are going on. Deal to the end of the season, take Moshiri out of the spotlight, talk about long term plans etc. and then off into the sunset in May.

Couple of the wifes players onto the books as well before he disappears of course !

[JHRover]

4 minutes ago, ruggles1995 said:

https://www.rovers.co.uk/club/whos-who/

who is ghandi babu?

Also should suhail Pasha be on this in some capacity?

Suhail Pasha should clearly be identified as he is not only a highly influential person at the club, probably the most senior person involved, but is also on the club payroll. For whatever reason (possibly sinister) the club are desperate to conceal his identity and existence. They weren't so bothered when advertising his job vacancy on the club website in a blaze of publicity.

According to Cheston he isn't on the website because 'he isn't a director'. That's an insult because we all know whilst he technically isn't a director that he wields more power than anyone else and also because the ticket office manager and head of community are on the website and aren't directors.

[Dunnfc]

1 minute ago, tomphil said:

Couple of the wifes players onto the books as well before he disappears of course !

With original hits of A & B lists, value for money and "several of the aforementioned things Andy in which you've just alluded to" ?

[Boaty]

I love how the people on here claim to understand what is / should be going on off the pitch. Not one person has a clue despite how many fancy words or smug no it all phrases they use. Last week it was some nonsense about brockhall and now who should be the new ceo and why certain scouting systems don't work. The fact is none of us even fully understands how on the field stuff works let alone off it. Anyhow hey ho, keep on discussing it as if you know what you are talking about and your opinion matters. 

[Vinjay]

Babu is involved in the transactions of funding from overseas. Probably someone known to the Rao family for years. Don't really see him of much relevance myself.

[Boaty]

Just now, Vinjay17 said:

Babu is involved in the transactions of funding from overseas. Probably someone known to the Rao family for years. Don't really see him of much relevance myself.

Exactly the type of  post I mean