Steve Waggott

[JHRover]

5 hours ago, chaddyrovers said:

really? why would either take that extra sum of money in pension contributions? think about it

 

I'm not sure of the relevance of you highlighting 'transfer fees and associated costs' here when we were discussing the highest paid director.

I agree it is almost certainly Waggott, and that makes the most (only) sense. But not quite correct to say it is 'definitely' him as there is  more than one director on the payroll and in theory any one of them could be the highest paid. 

It would help if anyone knew what two of them looked like - have you any idea what Rao and Gupta do, have they ever been to Ewood, would you recognise them?

[RevidgeBlue]

Why all the sudden wailing and gnashing of teeth about the vastly overpaid scourge on our Club that is Steve Waggott?

Has something happened we didnt already know about?

[Rogerb]

Considering all the alleged cuts it's had very little effect on the overall wage bill which is only slightly down year on year

[chaddyrovers]

22 minutes ago, JHRover said:

I'm not sure of the relevance of you highlighting 'transfer fees and associated costs' here when we were discussing the highest paid director.

I agree it is almost certainly Waggott, and that makes the most (only) sense. But not quite correct to say it is 'definitely' him as there is  more than one director on the payroll and in theory any one of them could be the highest paid. 

It would help if anyone knew what two of them looked like - have you any idea what Rao and Gupta do, have they ever been to Ewood, would you recognise them?

It should be the box above. 

Of course it's Waggott. Why would the other 2 take money out in UK Pension contributions? 

Not a clue who either are or whether they have been to Ewood Park in recent times. 

Mahesh Gupta hasn't been a director here since 10th July 2012 https://find-and-update.company-information.service.gov.uk/officers/Fl8jwAKhLtt3TlQcE7rGoKTMf7Q/appointments

Gandhi Babu hasGandhi Babu has been here since day 1 of Venkys buying the club. 

M Sreenivasa Rao been here since September 2023.. https://www.rovers.co.uk/news/2023/september/12/rovers-appoint-new-director/

 

[Wheelton Blue]

3 minutes ago, chaddyrovers said:

It should be the box above. 

Of course it's Waggott. Why would the other 2 take money out in UK Pension contributions? 

Not a clue who either are or whether they have been to Ewood Park in recent times. 

Mahesh Gupta hasn't been a director here since 10th July 2012 https://find-and-update.company-information.service.gov.uk/officers/Fl8jwAKhLtt3TlQcE7rGoKTMf7Q/appointments

Gandhi Babu hasGandhi Babu has been here since day 1 of Venkys buying the club. 

M Sreenivasa Rao been here since September 2023.. https://www.rovers.co.uk/news/2023/september/12/rovers-appoint-new-director/

 

Perhaps they're UK tax payers and are taking advantage of tax relief on pension contributions.

[chaddyrovers]

3 minutes ago, Wheelton Blue said:

Perhaps they're UK tax payers and are taking advantage of tax relief on pension contributions.

According to this article both are India based https://www.lancashiretelegraph.co.uk/sport/23783718.blackburn-rovers-appoint-venkys-trusted-ally-director/

 

[Andy]

1 hour ago, RevidgeBlue said:

Why all the sudden wailing and gnashing of teeth about the vastly overpaid scourge on our Club that is Steve Waggott?

Has something happened we didnt already know about?

It's more a concern of the huge YoY increase in his salary & pension conts.

This leads to questions around a conflict of interests and how he/the directors are incentivised.

[robbojohnno]

If you had significant incentives within your contract of employment to reduce costs and make a profit, would you potentially have a reason to 'accidentally' scupper any transfer deals that could be quite expensive to the club and negatively impact your own income? Quite the conflict indeed. 

 

[lraC]

2 hours ago, robbojohnno said:

If you had significant incentives within your contract of employment to reduce costs and make a profit, would you potentially have a reason to 'accidentally' scupper any transfer deals that could be quite expensive to the club and negatively impact your own income? Quite the conflict indeed. 

 

Amazing, isn't it, that we managed to do that two years in a row and we all wondered whose fault it was and if the club were covering something up.

The Maguire and O'Brien deals, could have been the difference between, a profit bonus being generated or not, yet we as fans will be left to wonder forever.

Was pressing the wrong button, really an innocent mistake?

[RoversClitheroe]

I'd love to see the reasoning behind the bonus.

Would anyone be surprised if it were for cutting spending, 'unfortunate' January events?

[JHRover]

7 minutes ago, lraC said:

Amazing, isn't it, that we managed to do that two years in a row and we all wondered whose fault it was and if the club were covering something up.

The Maguire and O'Brien deals, could have been the difference between, a profit bonus being generated or not, yet we as fans will be left to wonder forever.

Was pressing the wrong button, really an innocent mistake?

If it was a genuine accident, which I'm sure only a diminishing number of the deluded actually believe, then the obvious way the club/owners/management could address that would be to re-use the money supposedly sanctioned for those players in later transfer windows. 

They didn't do that - the money disappeared into thin air. Very convenient. A 'mistake' is much easier to believe if the club then rectifies it by reallocating the money and puts it into the squad. A 'mistake' that saves a lot of money which then never reappears and goes with the pattern of cutting costs at every turn might not be a 'mistake' but actually a blessing to those overseeing the cuts.

[lraC]

18 minutes ago, RoversClitheroe said:

I'd love to see the reasoning behind the bonus.

Would anyone be surprised if it were for cutting spending, 'unfortunate' January events?

There is no smoke without fire.

For that to happen once, is unfortunate, but twice. To add insult to injury to then try to have the fans swallow the crap they came out with, just tells us what they think of us really.

[lraC]

3 hours ago, JHRover said:

If it was a genuine accident, which I'm sure only a diminishing number of the deluded actually believe, then the obvious way the club/owners/management could address that would be to re-use the money supposedly sanctioned for those players in later transfer windows. 

They didn't do that - the money disappeared into thin air. Very convenient. A 'mistake' is much easier to believe if the club then rectifies it by reallocating the money and puts it into the squad. A 'mistake' that saves a lot of money which then never reappears and goes with the pattern of cutting costs at every turn might not be a 'mistake' but actually a blessing to those overseeing the cuts.

I could be wrong here, but I think I read somewhere that Eustace was promised the Maguire money, if he kept us up and when this was pulled, he started to look elsewhere.

That does seem to make sense now.

[Upside Down]

14 hours ago, lraC said:

Amazing, isn't it, that we managed to do that two years in a row and we all wondered whose fault it was and if the club were covering something up.

The Maguire and O'Brien deals, could have been the difference between, a profit bonus being generated or not, yet we as fans will be left to wonder forever.

Was pressing the wrong button, really an innocent mistake?

I didn't wonder who's fault it was, I knew exactly who was to blame and why.

I called it out at the time and I stand by my assertion.