Championship 2018-19

[Stuart]

3 hours ago, Dreams of 1995 said:

I have it on very good authority that the Premier League have an emergency fund of hundreds of millions just in case a big club falls foul of the rules to ensure something similar cannot happen to them. Unbelievable really and goes a long way to explain the recklessness of Premier League finances.

But what about Bolton?

[Oldgregg86]

3 hours ago, blueboy3333 said:

Not sure why there's a clamour for Bolton to go bust. That will be us when Venkys do one.

Then Lancashire united rovers wanderers of the north will be born. Someone get Mike bassetts number in there speed dial

[Sparks Rover]

3 hours ago, blueboy3333 said:

Not sure why there's a clamour for Bolton to go bust. That will be us when Venkys do one.

It won't.  There is more than one local buyer as soon as they talk

[blueboy3333]

13 minutes ago, Sparks Rover said:

It won't.  There is more than one local buyer as soon as they talk

What like Battersby? 

[Tom Stinny]

Rovers are 100% reliant on Venkys and their money. We are probably still shelling money out in the millions. There isn't likely to be another billionaire who would randomly be interested in Rovers so if they left we would be fucked well and truly.

 

I'm no fan of them but they are needed at the moment. That's why promotion is more important than anything else at the moment. 

[JHRover]

Every Championship club without parachute income is totally dependent upon the whim of their owner(s). Some mitigate their losses by treating things like ticketing and merchandise seriously, whilst others only incur even greater losses by turning a blind eye to such things. 

Lets not make out we're unique in terms of losing money hand over fist and needing a rich owner to pay the bills. Pretty much everyone else is in the same boat. Only have to look at the Derby owner getting bored with chucking in tens of millions a year and missing out on promotion.

[blueboy3333]

5 minutes ago, JHRover said:

Every Championship club without parachute income is totally dependent upon the whim of their owner(s). Some mitigate their losses by treating things like ticketing and merchandise seriously, whilst others only incur even greater losses by turning a blind eye to such things. 

Lets not make out we're unique in terms of losing money hand over fist and needing a rich owner to pay the bills. Pretty much everyone else is in the same boat. Only have to look at the Derby owner getting bored with chucking in tens of millions a year and missing out on promotion.

We are heavily in debt to our owners. There won't be many in hock to the tune of £140m or whatever it is these days.

[Stuart]

Without promotion, our next owner will be buying us from an administrator.

Unless Venkys carry on until the whole English football world collapses when the European Super League is finally launched and the media follow it.

[Vinjay]

56 minutes ago, blueboy3333 said:

What like Battersby? 

Assuming that isn't sarcastic he's got enough problems at the moment.

42 minutes ago, Tom Stinny said:

Rovers are 100% reliant on Venkys and their money. We are probably still shelling money out in the millions. There isn't likely to be another billionaire who would randomly be interested in Rovers so if they left we would be fucked well and truly.

 

I'm no fan of them but they are needed at the moment. That's why promotion is more important than anything else at the moment. 

Accounts are due to be posted on Companies House in approx 5 days. Thenodrog has stated he's seen a copy of the accounts perhaps because he's one of the fans with a minuscule shareholding. I can't imagine the accounts will show anything different than usual. Obviously the debt will have increased and there will be references of kowtowing to FUP every 2 sentences,

 

[JHRover]

26 minutes ago, blueboy3333 said:

We are heavily in debt to our owners. There won't be many in hock to the tune of £140m or whatever it is these days.

We are so heavily in debt to them compared to others primarily for two reasons. First because they have run the club so poorly from top to bottom - destroying income streams and incurring massive costs through their negligence - and secondly because heaping losses onto the debt is the way they have chosen to fund the club - whereas other owners have chosen to do it through different means or have written debts off rather than keep allowing it to pile up.

The basic premise is the same here as elsewhere - we're losing millions per year and always will be at this level regardless of who owns us unless someone can pull rabbits out of a hat - same goes for most of the others.

The trouble we've got is Venkys now seem to be caught in some strange damage limitation mode where they don't want to lose much more money yet won't bankroll or put the steps in place to get to the Prem which is the only real way out of it. Other owners who are able to pump millions in either do it because they enjoy the game or with a proper plan to get promoted.

[chaddyrovers]

Redknapp had no part in transfers at Birmingham City

https://www.telegraph.co.uk/football/2019/03/20/exclusive-harry-redknapp-denies-responsibility-birmingham-spending/?WT.mc_id=tmg_share_tw

[old darwen blue]

7 hours ago, blueboy3333 said:

Not sure why there's a clamour for Bolton to go bust. That will be us when Venkys do one.

Incorrect. 

3 hours ago, Sparks Rover said:

It won't.  There is more than one local buyer as soon as they talk

This is the correct answer. 

[perthblue02]

2 hours ago, chaddyrovers said:

Redknapp had no part in transfers at Birmingham City

https://www.telegraph.co.uk/football/2019/03/20/exclusive-harry-redknapp-denies-responsibility-birmingham-spending/?WT.mc_id=tmg_share_tw

Of course not, it was Rosie the Dog up to its old tricks again

[Husky]

3 hours ago, Vinjay17 said:

Assuming that isn't sarcastic he's got enough problems at the moment.

 

 

He should never have left The Street.

[arbitro]

6 hours ago, chaddyrovers said:

Redknapp had no part in transfers at Birmingham City

https://www.telegraph.co.uk/football/2019/03/20/exclusive-harry-redknapp-denies-responsibility-birmingham-spending/?WT.mc_id=tmg_share_tw

It's not the first time we've seen the words 'Harry, Redknapp and denies' in a headline.

There have been suspicions wherever he has been.

[blueboy3333]

5 hours ago, old darwen blue said:

Incorrect. 

This is the correct answer. 

Got any names? 

[jodrell]

Just now, arbitro said:

It's not the first time we've seen the words 'Harry, Redknapp and denies' in a headline.

There have been suspicions wherever he has been.

when you sign razor Ruddock for a legends team and get to the airport with your wife's passport somethings wrong

[Tom Stinny]

5 hours ago, old darwen blue said:

Incorrect. 

This is the correct answer. 

Unless another billionaire owner comes along then this club and not many in the championship will survive over the course of a few years. We could be losing £20 million plus each year which adds up quickly.

 

If you were a local wealthy person, why would you buy into Rovers besides from being a fan? We've no worldwide exposure or the premier league. Venkys would want their £130 million back so it could cost a crazy amount to get the club.

 

And there would need to be a heavy investment into player staff to dream of promotion. You could easily be looking at £150-£160 million before even looking into yearly costs. 

[JHRover]

Why are there so many references to a 'local' future owner of the club? Those days are gone. Cast the net globally and there are potential owners. Yes there's the Bolton saga to use as an example of failing but up the road at Wigan they found a new owner when Whelan sold up. No disaster there yet?

[blueboy3333]

5 minutes ago, JHRover said:

Why are there so many references to a 'local' future owner of the club? Those days are gone. Cast the net globally and there are potential owners. Yes there's the Bolton saga to use as an example of failing but up the road at Wigan they found a new owner when Whelan sold up. No disaster there yet?

Wigan and Rovers are hardly the same. How much were Wigan in debt when they were bought and much did they cost? Then think about  the £250m Venkys have put in Rovers.... 

[Mattyblue]

Let’s see how things turn out at Wigan first...

[JHRover]

19 minutes ago, blueboy3333 said:

Wigan and Rovers are hardly the same. How much were Wigan in debt when they were bought and much did they cost? Then think about  the £250m Venkys have put in Rovers.... 

The debt is the big unknown. Clearly nobody is ever going to come near Rovers whilst we remain so heavily in debt to Venkys.

Of course that is mainly 'soft' debt with no timetable for repayment and I very much doubt there's any expectancy from Venkys that they will get the money back. Like Eddie Davies at Bolton they will simply have to walk away from most or all of that when the time comes to leave.

Wigan I think cost more than Venkys paid for us, which shows how far things have come in football and what a bargain Venkys got for a Premier League club.

The point with Wigan I think is relevant - people point at Bolton as an example of the chaos that could await and yet overlook Wigan who were recently bought out by a foreign company. My point remains that if Wigan Athletic can be whipped into good enough shape for a sale then Blackburn Rovers can. I presume however that Whelan made them attractive for sale by effectively leaving them with low debts and a sensible structure in place, unlike what we have, which brings us back to square one - the only way Venkys are getting out of this - either by selling the club or by walking away - is by writing off the debt.

[blueboy3333]

25 minutes ago, JHRover said:

The debt is the big unknown. Clearly nobody is ever going to come near Rovers whilst we remain so heavily in debt to Venkys.

Of course that is mainly 'soft' debt with no timetable for repayment and I very much doubt there's any expectancy from Venkys that they will get the money back. Like Eddie Davies at Bolton they will simply have to walk away from most or all of that when the time comes to leave.

Wigan I think cost more than Venkys paid for us, which shows how far things have come in football and what a bargain Venkys got for a Premier League club.

The point with Wigan I think is relevant - people point at Bolton as an example of the chaos that could await and yet overlook Wigan who were recently bought out by a foreign company. My point remains that if Wigan Athletic can be whipped into good enough shape for a sale then Blackburn Rovers can. I presume however that Whelan made them attractive for sale by effectively leaving them with low debts and a sensible structure in place, unlike what we have, which brings us back to square one - the only way Venkys are getting out of this - either by selling the club or by walking away - is by writing off the debt.

We were bought by Venkys at one point in a similar way to how Wigan have just been bought. 10 years on and there is no comparison between us and Wigan.

[JHRover]

Just now, blueboy3333 said:

10 years on and there is no comparison between us and Wigan.

Yes there is.

We're similar clubs, with similar infrastructure, in the same division in the same part of the world and similar attendances. Turnover should be similar. In terms of attracting new buyers we should be similar in terms of worthwhile investments.

Wigan will have owed Whelan a fortune, at least on paper. Whelan knew when he'd had enough that he was never going to recoup his investment which he had built up over 20+ years. Admittedly probably not as high as Venkys 'debt' here but he will have poured tens of millions in and will have known he wasn't going to get it all back.

Venkys method of funding Rovers has been to pile it all onto the books as 'debt' whereas other owners opt to do it differently, or write the debt off. Vincent Tan at Cardiff heaped it all onto the debt pile and then wrote it off as he knew that money had gone.

Likewise Bolton - Eddie Davies was supposedly owed £170 million or something for his investment over the years, but when he wanted out he 'wrote off' that debt and walked away from it all - even though he probably wasn't even worth that much in total.

All sorts of tricks going on and again - if Venkys decide tomorrow to leave the club the first thing they do is accept they are going to have to walk away from that debt - there's no other way of getting out of it.

 

[Sparks Rover]

Just now, JHRover said:

 

All sorts of tricks going on and again - if Venkys decide tomorrow to leave the club the first thing they do is accept they are going to have to walk away from that debt - there's no other way of getting out of it.

 

Spot on