Venky’s v Indian Government (a) - 25/3/2025 - Perennially Re-Arranged Challenge Match

[Crimpshrine]

3 hours ago, tomphil said:

If the club has ended up in a period of being self sustaining because of this then there is absolutely no better time to put it up for sale.

Needing 10 mill a year funding suddenly makes it more attractive than needing 20.

And being in an excellent position with respect to FFP must make the club more attractive to potential buyers with money to invest.

[Mike E]

16 minutes ago, Crimpshrine said:

And being in an excellent position with respect to FFP must make the club more attractive to potential buyers with money to invest.

…is that just a statement or is it laced with hopeful suggestion?

[Mashed Potatoes]

33 minutes ago, Crimpshrine said:

And being in an excellent position with respect to FFP must make the club more attractive to potential buyers with money to invest.

Debts north of £150m probably don't, though.

[Crimpshrine]

39 minutes ago, Mashed Potatoes said:

Debts north of £150m probably don't, though.

Not real debts though are they?

They are the cost of running the club for the last 14 years which Venky's know they will never get back. Whether they sell the club or not they will have already written that money off - unless of course we get promoted which is an option they don't seem interested in.

[JHRover]

I stand to be corrected but I'm pretty sure debt levels are totally irrelevant when it comes to FFP calculations, especially when there is no immediate demand or plan for repayment of those debts and they are almost all to the owners anyway.

What is important is incomings and outgoings. Thankfully we've brought in excess of £40 million through sales since summer 2023 which comfortably outstrips whatever advantage better run clubs get on us via bigger ticket sales.

So about time we stop falling for the Venky/Waggott trap of blaming FFP and pointing at the fact other clubs get parachute cash and bigger crowds. We've outstripped that and then some in the last 12 months and yet have just cut back more and more.

[tomphil]

45 minutes ago, Mashed Potatoes said:

Debts north of £150m probably don't, though.

Show us where it says anywhere that these are loans that need repaying ?

[Mashed Potatoes]

24 minutes ago, tomphil said:

Show us where it says anywhere that these are loans that need repaying ?

The fact the debt is still on our balance sheet suggests the owners still harbour hopes of repayment. 

[Mashed Potatoes]

27 minutes ago, JHRover said:

I stand to be corrected but I'm pretty sure debt levels are totally irrelevant when it comes to FFP calculations, especially when there is no immediate demand or plan for repayment of those debts and they are almost all to the owners anyway.

What is important is incomings and outgoings. Thankfully we've brought in excess of £40 million through sales since summer 2023 which comfortably outstrips whatever advantage better run clubs get on us via bigger ticket sales.

So about time we stop falling for the Venky/Waggott trap of blaming FFP and pointing at the fact other clubs get parachute cash and bigger crowds. We've outstripped that and then some in the last 12 months and yet have just cut back more and more.

You are concentrating on FFP but isn't it the case that a new test is being introduced restricting wages to a percentage of turnover ? I thought I'd read there was an EFL meeting in February to hammer out the details.

[Crimpshrine]

24 minutes ago, Mashed Potatoes said:

The fact the debt is still on our balance sheet suggests the owners still harbour hopes of repayment. 

Maybe it helps for tax purposes to show they are making losses? Perhaps it's just a measure of their stupidity

 

[tomphil]

45 minutes ago, Mashed Potatoes said:

The fact the debt is still on our balance sheet suggests the owners still harbour hopes of repayment. 

That is extremely unlikely even in their stupid minds.

The debt will be on there because it suits some accounting process or balance sheet or other probably counting Rovers as an overseas asset that has had 200 million of company money 'invested' in it.

Same thing at various other clubs that then gets written off when the club comes up for sale or lumps of it get written off to improve a clubs balance sheet.

Davies for example wrote off c100 million at Bolton when he couldn't fund it to its required levels anymore and prepped it for sale.

 

 

[wilsdenrover]

2 hours ago, Mike E said:

…is that just a statement or is it laced with hopeful suggestion?

It’s laced with something 😁😁

[tomphil]

1 hour ago, Crimpshrine said:

Maybe it helps for tax purposes to show they are making losses? Perhaps it's just a measure of their stupidity

 

Point A almost certainly, although it goes hand in hand with point B and why they've now got their Govt crawling all over them.

[47er]

8 hours ago, roverblue said:

My money is on yet another delay, the Indian court system seems a complete joke based on how it was explained to work last time. Giving a judge 100+ cases to deal with in a day then putting those he/she doesn't get to at the back of the queue months down the line seems a bonkers way to run a court system.

bit like our's?

[CrouchingNunhiddenCucumber]

Gestede thinks we should be more grateful for Venkys and that the fans simply don't realise quite how much they support us every year 

He then also claims we haven't got all the money for the Wharton and Szmodics transfers, as the money is paid in tranches, whilst defending our lack of spending this summer... conveniently forgetting to mention that's how it works when we buy players as well

Fucking cunt can get in the bin with the rest of the wretches, fucking boils my piss we're having these leeches forced on us over and over

Just fuck off and die Vekys you utter utter cunts 

[K-Hod]

https://www.lancashiretelegraph.co.uk/sport/24697975.rudy-gestede-defends-blackburn-rovers-spending-venkys/

How much received in fees in, versus fees out? Pull the other one, Rudy.

I can't believe they think people will fall for that.

If we don't receive the money in a lump sum, then neither do other clubs, when we buy players.

[Oldgregg86]

Another Venky’s bitch. Refuses to play , now refuses to acknowledge the facts . He can fuck off for me , didn’t want him back in the first place

[JHRover]

Gestede now on his second job under the Venky regime so he's got twice as many reasons to jump to their defence as your usual Rovers employee.

Treating us like fools and insulting our intelligence but then again with the state of some Rovers supporters on Facebook and Twitter I can't really blame him. They probably think everyone is so stupid.

Nobody else was giving him a job to learn how to 'direct' or whatever it is he does so of course he'll use his platform to defend the evil in India.

[KentExile]

12 minutes ago, JHRover said:

Nobody else was giving him a job to learn how to "deflect criticism aimed at Waggott/Venkys" or whatever it is he does so of course he'll use his platform to defend the evil in India.

I have corrected his job description for you 😉 

[tomphil]

Between them Waggot, the other guy and Rudy will be drawing about a million quid a year out of the club plus expenses.

Nobody down there will ever bite the hand that feeds them they'd say the same if we had spent nothing and were bottom of the league.

[Paul Mellelieu]

I think I've just had enough and stopped caring.

[Devon Rover]

17 minutes ago, tomphil said:

Between them Waggot, the other guy and Rudy will be drawing about a million quid a year out of the club plus expenses.

Nobody down there will ever bite the hand that feeds them they'd say the same if we had spent nothing and were bottom of the league.

Yes. As galling/infuriating as the comments are, we shouldn't be in the slightest bit surprised by those on the Venkys payroll singing the praises of their paymasters in order to protect their own bank balance/mortgage repayments/families. They might even be contractually required to do so.  We have seen in the past what happens when a club employee dares to speak out against the owners. It doesn't make it ok, just not a surprise. The Venkys-apologist comments from Rovers staff are nothing new and will always be heard for as long as this corrupt regime remains in place. Gestede is just another symptom of the problem - although, like Dunny, etc., I'll never forgive him for trotting out lies to, and accusations of, paying supporters, many of whom have been here well before these chancers, all on behalf of the worst owners our club could possibly have - but who pay the directors' salaries.

[G Somerset Rover]

Dunny will be telling us to "Get real" again before long.
Funny how it's always the ones who managed to get on the gravy train after hanging up their boots.

Edited November 5, 2024 by G Somerset Rover

[Leonard Venkhater]

" Big support from owners..who have supported us, since they joined.." Fans|.."should be more grateful.."

Well, Rudy, you must have headed a wet, soggy ball ball too many times, if you think we are going to fall for that.

As predicted, the old, populist trick of paying an ex-player to push the Venky propaganda..

Fuck off, Gestede , and take your thirty pieces of silver with you!

[Crimpshrine]

53 minutes ago, Paul Mellelieu said:

I think I've just had enough and stopped caring.

It is getting that way.

Rovers 150th next year. If Venky's are still here that will be 15 years - 10% of our history under enemy occupation.

[roversfan99]

Gestede can clear off and take his terrible main summer signing with him.