Rovers Rumours & Speculation

[Herbie6590]

40 minutes ago, Blue and White Blues said:

So what physical assets does the club actually own?   I've read that they did a financial slight of hand where the practice facility was sold and is leased back to the club.   I presume some other slice of the Rao empire now owns the practice facility?   Who owns Ewood?   As a business, revenue comes from ticket sales, television revenue, and sponsorships like Totally Wicked.   There's a bit of revenue from RoversTV subscriptions and RoversStore kit.   I'm trying to understand why anyone would buy the club since the payroll and operating cost is less than the revenue.

The club owns Ewood & player registrations. 
 

Someone buying Rovers would do it for similar reasons one imagines to the new owners of Bolton, Wigan, Hull, Sunderland, Birmingham, WBA etc & so on. 
 

These reasons could include one or all of a genuine belief that they could get Rovers to the PL, a desire to own an historic club as a status symbol, a wish to have a say in the running of English football, a vanity project, an emotional local connection…

How do you become a multi millionaire by owning a football club ?

Start as a billionaire. 😆

[Herbie6590]

1 hour ago, aletheia said:

That narrative needs to be sung loudly, which is a widely helf belief among both fans and media. That is, the idea that whoever would buy us would have to stump up £200m is a myth. The Rao's would have to absorb that figure (if indeed that often quoted figure is correct in the first place.) Happy to be corrected.

Look at the example of Mel Morris at Derby…

[Waggy76]

There is a reason, why the Raos cling onto Blackburn Rovers,it ain't for the love of the Club or the betterment...

We need the Indian court, to bring this corrupt House of Cards down !

[chaddyrovers]

1 hour ago, Herbie6590 said:

The club owns Ewood & player registrations. 
 

Someone buying Rovers would do it for similar reasons one imagines to the new owners of Bolton, Wigan, Hull, Sunderland, Birmingham, WBA etc & so on. 
 

These reasons could include one or all of a genuine belief that they could get Rovers to the PL, a desire to own an historic club as a status symbol, a wish to have a say in the running of English football, a vanity project, an emotional local connection…

How do you become a multi millionaire by owning a football club ?

Start as a billionaire. 😆

How much do you think it would cost to Buy Rovers(including the training ground) and run it for the first year? 60 to 70 million pounds? 

Commercial operations at Rovers isn't good enough and we should be able to get a better and more lucrative shirt sponsors surely? 

[simongarnerisgod]

33 minutes ago, chaddyrovers said:

How much do you think it would cost to Buy Rovers(including the training ground) and run it for the first year? 60 to 70 million pounds? 

Commercial operations at Rovers isn't good enough and we should be able to get a better and more lucrative shirt sponsors surely? 

of course we should,but that takes effort,dedication and competency,all of which are in very short supply in the corridors of ewood park

[yoda]

3 hours ago, Waggy76 said:

There is a reason, why the Raos cling onto Blackburn Rovers,it ain't for the love of the Club or the betterment...

We need the Indian court, to bring this corrupt House of Cards down !

What is the reason ?

[Waggy76]

4 hours ago, yoda said:

What is the reason ?

I don't know !

But there's a reason..Why they are still the owners ..

[lraC]

5 hours ago, yoda said:

What is the reason ?

They are scared of someone doing a deep dive and finding out some serious issues. The Indian press article, already states they have made illegal remittances and I suspect they haven’t even scratched the surface, 

[Upside Down]

28 minutes ago, lraC said:

They are scared of someone doing a deep dive and finding out some serious issues. The Indian press article, already states they have made illegal remittances and I suspect they haven’t even scratched the surface, 

They've had over 10million worth of assets seized already and the investigation into them is only just getting started.

The ED are strongly opposed to allowing them to send money over.

From the very beginning people were saying that things didn't look right and look where we are now.

[Herbie6590]

9 hours ago, chaddyrovers said:

How much do you think it would cost to Buy Rovers(including the training ground) and run it for the first year? 60 to 70 million pounds? 

Commercial operations at Rovers isn't good enough and we should be able to get a better and more lucrative shirt sponsors surely? 

WBA have just changed hands for £60m (for an 88% stake) so that sets a benchmark I guess. 
Their recent history & prospects are better than ours currently are e.g. their attendances are higher, league position - so I’d imagine Rovers would bring in less than that sum - but the devil is in the detail of any deal…

Running costs ? It would take a while to start to increase any income, costs would rise in the short term if new players were brought in & stadium improvements/investments made…add another £20m to that for year one…? 🤔

[yoda]

If someone is prepared to take Wrexham on I am certain there are prospective buyers out there

[tomphil]

QPR accounts show another 20 mill plus loss taking them into around 350 mill of losses mainly funded by shareholder loans they'll never get back.

So yet another one with '20 mill a season' tagline i wish a lot of our fans on SM land would acknowledge these instead of the blinkered view Rovers and Venkys are somehow unique in our situation.

Interesting comment by a QPR fan 'only way out of this cycle of yearly losses is promotion OR relegation' which gives license to slash and burn and have a great reset 🤔 !

[chaddyrovers]

2 hours ago, Herbie6590 said:

WBA have just changed hands for £60m (for an 88% stake) so that sets a benchmark I guess. 
Their recent history & prospects are better than ours currently are e.g. their attendances are higher, league position - so I’d imagine Rovers would bring in less than that sum - but the devil is in the detail of any deal…

Running costs ? It would take a while to start to increase any income, costs would rise in the short term if new players were brought in & stadium improvements/investments made…add another £20m to that for year one…? 🤔

Thanks for reply. Much appreciated Ian..

So around £40m to 80m then. That's £40m to buy the club and training ground. £20m for running cost plus extra for Stadium improvement and training ground improvements. 

Need a good CEO who has commercial background plus a good head of Commercial and Marketing would be a must

Edited February 20 by chaddyrovers

[Herbie6590]

We have a new slogan…

anyone want it on t shirt ? 🙂
 

@rog of the rovers

[Herbie6590]

2 hours ago, yoda said:

If someone is prepared to take Wrexham on I am certain there are prospective buyers out there

The irony is…the lower down the leagues we go, the cheaper the price…the more attractive we become as a resurrection project…

[cesus]

22 minutes ago, Herbie6590 said:

The irony is…the lower down the leagues we go, the cheaper the price…the more attractive we become as a resurrection project…

We just need something to happen sooner rather than later as we are running out of large assets to sell. The Raya money will be arriving in the summer which is highly likely to end up in the black hole with the Kaminski, Phillips and Wharton money.

A new owner coming in and selling Wharton would have given us a real hope of making good signings and building for the future. A new owner arriving with all valuable assets exhausted really ties their hands.

[yoda]

2 hours ago, Herbie6590 said:

The irony is…the lower down the leagues we go, the cheaper the price…the more attractive we become as a resurrection project…

It’s been said before in my time being a Rover, sleeping giant

[AllRoverAsia]

2 hours ago, Herbie6590 said:

The irony is…the lower down the leagues we go, the cheaper the price…the more attractive we become as a resurrection project…

Unless..... Advisers have now confirmed that "whatever they really are up to" will still work to the same profit % in lower leagues providing costs are reduced further, as they are being at an increased rate.

These types of people buy to hold, generational holdings.

[SIMON GARNERS 194]

5 hours ago, Upside Down said:

 

From the very beginning people were saying that things didn't look right and look where we are now.

Even Sir Alex Ferguson called this lot out If I remember correctly!

[lraC]

7 hours ago, Upside Down said:

They've had over 10million worth of assets seized already and the investigation into them is only just getting started.

The ED are strongly opposed to allowing them to send money over.

From the very beginning people were saying that things didn't look right and look where we are now.

They are obviously under serious scrutiny here and those who think it is a formality that the funds are going to be approved (I include Waggott in that ), may be in for a big surprise

[aletheia]

7 hours ago, Herbie6590 said:

The irony is…the lower down the leagues we go, the cheaper the price…the more attractive we become as a resurrection project…

Yes that's an interesting possibilty. Rao's to sell off all assets, relegation, sell to bidder who will get the whole shebang cheaper. That idea doesn't sit with the 'limbo' hypothesis though -tread water in this league forever.

Edit Or tread water until such time as a young family member can become a manager...

Edited February 20 by aletheia

[Upside Down]

4 hours ago, lraC said:

They are obviously under serious scrutiny here and those who think it is a formality that the funds are going to be approved (I include Waggott in that ), may be in for a big surprise

The court date could easily be postponed again also.

Maybe they will cite the Wharton sale as evidence the club can generate its own funds and deny them sending over money.

Bring on the administrator I say.

[lraC]

1 minute ago, Upside Down said:

The court date could easily be postponed again also.

Maybe they will cite the Wharton sale as evidence the club can generate its own funds and deny them sending over money.

Bring on the administrator I say.

It has to go hand in hand with a message that they must sell the club. The accountants make a statement each year to say the club is reliant on the owners funding the shortfall each year, otherwise it is insolvent. They can hardly apply that statement to the next accounts, if the court are stopping the funding.

[tomphil]

Could they not just say the club is solvent for the next 12 months due to the Wharton instalments ?

[RevidgeBlue]

1 hour ago, tomphil said:

Could they not just say the club is solvent for the next 12 months due to the Wharton instalments ?

If the first installment is £6m as rumoured that will only keep us going until some time in June. Then however there's the Raya money and that combined with a modest sale should keep us going for a further 4-5 months after that.

Problem is Szmodics apart, the family silver has now been well and truly flogged off. And what would he fetch? £7m or £8m at best?