Jump to content

BRFCS

BY THE FANS, FOR THE FANS, SINCE 1996
Proudly partnered with TheTerraceStore.com

Recommended Posts

Posted (edited)

Serious question re: campaign

can Venkys sell? and is the club theirs to sell?

based upon previous investigations it might not be as easy as calling for Venkys to put club up for sale.

*serious question 

Edited by markhayhurst
  • Like 7
Posted
2 hours ago, The1mattjansen said:

What's going on at Ewood is clearly as disaster, and the current ownership make it almost untenable to continue to support the club.

But what is the perceived end goal of the campaigns to get rid of them?

Rovers are losing £20m/year consistently. The wage bill is 120% of turnover per most recent accounts. And Venky's are owed £140m from the club.

So at a bare minimum, there'd need to be someone out there willing to give Venky's at least the value of the clubs assets in returning for taking ownership of a business that's going to lose them £20m/year (else Venky's would be better off liquidating it).

Does such a person exist?

And then the reality is that the Venky's are unlikely to simply walk-away from their* £140m. So it's going to cost a good bit more than the asset value of the club.

I struggle to see a way out of this.

I see it purely and simply this way now because its gotten to this point... 

 

Whatever the finances are... However bad the results are... If they get relegated... 

 

IT'S ALL ON THEM. 

 

Not me. I'm not paying them admission to watch them destroy the club and it's not as if it even resembles the club I supported in the first place, which makes it easier.

 

There is hardly anything left to support but one thing... And people need to be careful with being played by this because Gestede has already mentioned it... 

 

The club are going to use the academy lads as a shield and as a tool to tug at the supporters heart strings to give them a reason to support the team, whilst ultimately the giving them a reason to not further invest and cut costs. 

 

Don't fall for it. Don't be played AGAIN by Waggot. 

 

NOT A PENNY MORE FOLKS. 

  • Like 9
Posted (edited)
4 hours ago, The1mattjansen said:

What's going on at Ewood is clearly as disaster, and the current ownership make it almost untenable to continue to support the club.

But what is the perceived end goal of the campaigns to get rid of them?

Rovers are losing £20m/year consistently. The wage bill is 120% of turnover per most recent accounts. And Venky's are owed £140m from the club.

So at a bare minimum, there'd need to be someone out there willing to give Venky's at least the value of the clubs assets in returning for taking ownership of a business that's going to lose them £20m/year (else Venky's would be better off liquidating it).

Does such a person exist?

And then the reality is that the Venky's are unlikely to simply walk-away from their* £140m. So it's going to cost a good bit more than the asset value of the club.

I struggle to see a way out of this.

The end goal is to be rid of them and then hopefully get an ownership and executive that runs the club properly. This is something that all the money in the world does not make up for.

We are not consistently losing £20 million a year. Off the top of my head we have done so a handful of times. Usually it is several million less than that and the last few years will be nowhere near that thanks to player sales. Whatever the owners have put in over the last couple of years must be minimal when taking into account what they've brought in from sales.

We are also forgetting that promotion to the Premier League is the reason an investor would get into this and if achieved more than makes up for several years of funding Championship losses. We go into League One, which is a matter of time under this 'model' of management, the pool of potential buyers dries up considerably.

I can just see it now - the naysayers and those who have for some unknown reason convinced themselves that 'nobody would buy us' despite all available evidence suggesting that in all probability there would be interest - will watch us slide into the lower leagues under Venkys, shrivel up into a husk of a 3rd or 4th division club and then eventually far less people would be interested in buying so 'point proven'. 

They are not owed £140 million. That is their tab for the last 15 years. Their bill that they have allowed to rack up.

A competent engaged owner would not need to find £20 million a year. Far less than that if they improve commercial and ticketing/income and manage player trading better rather than running our assets out of contract.

Does such a person exist? Birmingham, Huddersfield, Wrexham, Hull, West Brom all say 'hi'.

The way out of this is that the owners go, and then we take it from there on the long road to recovery. It might not be quick or easy but ultimately is necessary for the long term health of the club. 

Edited by JHRover
  • Like 9
Posted
25 minutes ago, Mattyblue said:

‘Protest in your own time’ 

Tomorrow, 10am in my kitchen I’m going for.
 

 

I'm using the 5 minutes i have to take  a shit and will be protesting with my pants down. That'll get them out bloody scally wags! 

*commence fist waving like Blakey whilst on the throne 

  • Like 3
Posted
18 minutes ago, JHRover said:

The end goal is to be rid of them and then hopefully get an ownership and executive that runs the club properly. This is something that all the money in the world does not make up for.

We are not consistently losing £20 million a year. Off the top of my head we have done so a handful of times. Usually it is several million less than that and the last few years will be nowhere near that thanks to player sales. Whatever the owners have put in over the last couple of years must be minimal when taking into account what they've brought in from sales.

We are also forgetting that promotion to the Premier League is the reason an investor would get into this and if achieved more than makes up for several years of funding Championship losses. We go into League One, which is a matter of time under this 'model' of management, the pool of potential buyers dries up considerably.

I can just see it now - the naysayers and those who have for some unknown reason convinced themselves that 'nobody would buy us' despite all available evidence suggesting that in all probability there would be interest - will watch us slide into the lower leagues under Venkys, shrivel up into a husk of a 3rd or 4th division club and then eventually far less people would be interested in buying so 'point proven'. 

They are not owed £140 million. That is their tab for the last 15 years. Their bill that they have allowed to rack up.

A competent engaged owner would not need to find £20 million a year. Far less than that if they improve commercial and ticketing/income and manage player trading better rather than running our assets out of contract.

Does such a person exist? Birmingham, Huddersfield, Wrexham, Hull, West Brom all say 'hi'.

The way out of this is that the owners go, and then we take it from there on the long road to recovery. It might not be quick or easy but ultimately is necessary for the long term health of the club. 


Spot on:

The profit and loss account just before the takeover (June ‘10 accounts) stood at - £108,574,131.

This figure is now (June ‘24 accounts) £317,653.881 so an increase of £209,797,750 for an average of around £15 million a year.

 

Posted
42 minutes ago, Mattyblue said:

‘Protest in your own time’ 

Tomorrow, 10am in my kitchen I’m going for.
 

 

How dumb are people? Being at a football match is your own time. People are paying to be there! 

  • Like 7
Posted

i absolutely detest ***** like him,thankfully,happy clappers like mr whittaker are becoming extinct,let him carry on waving his rattle when we are adrift at the bottom of the league,he`ll have plenty of room to urge his fellow clappers on

  • Like 8
Posted
1 hour ago, simongarnerisgod said:

i absolutely detest ***** like him,thankfully,happy clappers like mr whittaker are becoming extinct,let him carry on waving his rattle when we are adrift at the bottom of the league,he`ll have plenty of room to urge his fellow clappers on

That film-"Rattle of a simple man"...

  • Like 1
Posted

It had clearly reached a point where they were unable to sell a good manager the club, the project, themselves or the owners who they likely hadn't heard from for 10 months...

The answer to every question a manager would be interested in hearing was on the back burner.

  • Budget
  • New Contracts
  • Club goals
  • Club structure
  • Meetings with the ownership
  • Promotion
  • Scouting
  • Facilities

I'd imagine even the salary involved was unclear.

What I am certain about from the Bayes interview is that we have 3 people in charge who are incompetent and totally disingenuous.

"Thanks for your time... I think I'll hold off and see what else is around". Even if that means Derby. Like John did.

  • Like 1
Posted
5 hours ago, Tugayisgod said:

Good to hear Adam Catterall venting his spleen on TalkSport last night just after the game.

Must have had a rant for a good 10 minutes explaining to his colleague exactly what's gone on in the last 15 years under this lot.

Nice one Adam

Cat is good people. 

  • Like 1
Posted (edited)
11 minutes ago, Ferrit said:

Giving someone grief for not putting their money in, whilst saying he won't put his money in.

Clever lad.

sounds like a simpleton to me,probably a dingle and not one of the intelligent ones who have teeth

Edited by simongarnerisgod
  • Like 2
Posted

Funny how Glen Mullan, spotted on Thursday, meeting Waggott privately, yet has his happy clapping crew protesting. See his Twitter account. Not a peep about Waggott. Don’t be fooled by who is leading this.

Why has Mullan not come out anywhere saying he attended this meeting with Waggott???

Posted
5 minutes ago, Blue n White Rover said:

And now his latest tweet, knowing all the ins and outs of Waggot’s salary, as though he is the man doing the payroll.

Unbelievable how our own fans can’t see it, right under their noses. 

Isn't his salary published in the accounts? (Could be wrong there)

  • Like 2

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.