Venky’s v Indian Government (a) - 5/8/25 - Perennially Re-Arranged Challenge Match

[MarkBRFC]

The statement is, there is no statement.

[jones_rover]

https://www.rovers.co.uk/news/2024/january/27/club-statement/

Nothing of real note in there

Edited January 27, 2024 by jones_rover

[RoversClitheroe]

What a shit statement fuck off Venkys and take the board with you.

If we sell Wharton for less than £25m Waggot will be look silly with that statement lol

Edited January 27, 2024 by RoversClitheroe

[ABBEY]

There's no tanks in Baghdad.  

[Tugayisgod]

3 minutes ago, jones_rover said:

https://www.rovers.co.uk/news/2024/january/27/club-statement/

Nothing of real note in there

There are funds to get us to the end of season which people were concerned about, so it has at least cleared that up.

[Judge21]

As much as I would like the Venky’s to sell they are damned if they speak out and damned if they don’t.

Reassurance that funding is there until the Court matter is dealt with is a positive for me. 
 

Lets see what the club can do to back the manager in the next few days.

[MarkBRFC]

Just now, Tugayisgod said:

There are funds to get us to the end of season which people were concerned about, so it has at least cleared that up.

There are funds, or there will be when this Wharton deal goes through.

[jim mk2]

So funding is in place until the end of the season and they hope the legal case will be resolved after then

The uncertainty continues and nothing is resolved

[wilsdenrover]

1 minute ago, Tugayisgod said:

There are funds to get us to the end of season which people were concerned about, so it has at least cleared that up.

In due course…

[Tugayisgod]

1 minute ago, MarkBRFC said:

There are funds, or there will be when this Wharton deal goes through.

 

[wilsdenrover]

Just now, jim mk2 said:

So funding is in place until the end of the season and they hope the legal case will be resolved after then

The uncertainty continues and nothing is resolved

Is it?

They’ve confirmed they have the £11 million from the previous court case.

They’ve then mentioned further funds will be received in due course - surely this will be dependent on the outcome of the adjourned case?

[RoversClitheroe]

Just now, Tugayisgod said:

 

Bullshit surely, you don't pull out over an extra £5m.

As a palace fan posted you don't scout someone for 18 months 

[Judge21]

3 minutes ago, jim mk2 said:

So funding is in place until the end of the season and they hope the legal case will be resolved after then

The uncertainty continues and nothing is resolved

If the legal case is going to be a major issue going forward then they may have no choice but to put the club up for sale

[Devon Rover]

Bland placations that leave me wondering just how stupid they all think we are. 

We remain, clearly, screwed. At least until the owners clear up this little misunderstanding with the Indian government,  eh?

I despair.

[wilsdenrover]

I think that statement is aimed at our creditors as much as it is to us fans.

[RoversClitheroe]

I think admin would genuinely be our best chance of ever getting into the prem

[Judge21]

2 minutes ago, RoversClitheroe said:

I think admin would genuinely be our best chance of ever getting into the prem

Only if there was a suitable buyer without losing Ewood etc.

[booth]

I’m beginning to believe the rumours that they won’t sell because they don’t want anyone to see behind the curtain.

[Devon Rover]

15 minutes ago, wilsdenrover said:

I think that statement is aimed at our creditors as much as it is to us fans.

That would make sense

[wilsdenrover]

The statement mentions the investigation being into ‘one of their overseas companies’

I thought the investigation was into the parent company.

Unless I’m wrong (entirely possible!) this feels like wording designed to distance the owner’s from any blame.

 

[Bethnal]

That statement is worded to make it seem like we have no problems with finance. Specifically that we have enough cash to see us through to the end of the season.

If that’s the case and the court date was adjourned, then I am flummoxed. Everything you could read about it was that we were only being enough cash to get to the next court hearing.

Can we anymore hazard a guess at the financial position at all? Either we’re all utterly stupid (we’re not) or there’s a lie/deception in that statement.

EDIT: Felt the need to add that I am actively discounting the possibility that the commercial department have ramped up the revenue in recent weeks, for obvious reasons.

Edited January 27, 2024 by Bethnal

[martonrover]

20 minutes ago, Tugayisgod said:

There are funds to get us to the end of season which people were concerned about, so it has at least cleared that up.

There are funds to drift along (and downwards) until the end of the season.

Hail Venkys.

[RoversClitheroe]

16 minutes ago, Judge21 said:

If the legal case is going to be a major issue going forward then they may have no choice but to put the club up for sale

I've had confirmation there are potential investors interested.

[wilsdenrover]

Just now, Bethnal said:

That statement is worded to make it seem like we have no problems with finance. Specifically that we have enough cash to see us through to the end of the season.

If that’s the case and the court date was adjourned, then I am flummoxed. Everything you could read about it was that we were only being enough cash to get to the next court hearing.

Can we anymore hazard a guess at the financial position at all? Either we’re all utterly stupid (we’re not) or there’s a lie/deception in that statement.

As I alluded to earlier, the certainty to which they say further funds will be received is disingenuous  at the least.

[Devon Rover]

A few, paraphrased, comments, from apparently genuine rovers fans, on that statement:

"If Venkys ever left, the club would fold within two days"

"No-one would ever buy a decaying football club"

"Someone would need a spare £200 million to cover the debt before even taking over"

"I pray every day that venkys don't leave".

Insane.