The Rich Sharpe Column - If It Wasn’t For The Last Minute…

[lraC]

The ex Rovers Telegraph reporter, penning an article on the court hearing, but the current one hasn’t bothered. Perhaps he believes that it doesn’t affect Rovers, as Waggott has stated, but at least we now know, there is definitely no impediment. 

[Hullrover]

2 hours ago, lraC said:

The ex Rovers Telegraph reporter, penning an article on the court hearing, but the current one hasn’t bothered. Perhaps he believes that it doesn’t affect Rovers, as Waggott has stated, but at least we now know, there is definitely no impediment. 

[petestan]

7 hours ago, lraC said:

The ex Rovers Telegraph reporter, penning an article on the court hearing, but the current one hasn’t bothered. Perhaps he believes that it doesn’t affect Rovers, as Waggott has stated, but at least we now know, there is definitely no impediment. 

He has now. 

https://www.lancashiretelegraph.co.uk/sport/24534836.blackburns-financial-picture-venkys-court-case-delay/

[tomphil]

So now he's using the 'guarantee' line not 'bond' but still saying it would cost them double, well it wouldn't in instant cash terms if it's a guarantee, so that's misinformation.

Also still pushing the owners funding bollocks instead of self funding.

Why is it so difficult to paint the true picture ?

[Herbie6590]

37 minutes ago, tomphil said:

So now he's using the 'guarantee' line not 'bond' but still saying it would cost them double, well it wouldn't in instant cash terms if it's a guarantee, so that's misinformation.

Also still pushing the owners funding bollocks instead of self funding.

Why is it so difficult to paint the true picture ?

The key part of that is PERSONAL guarantee…this brings potential liability (& scrutiny?) into their personal domain. 
My experience in financial services for 40+ years was that asking directors for personal guarantees for corporate borrowing REALLY focused their minds…

 

If the court requires a bank guarantee - this would cost them money & would impact upon their bank facilities. 

[wilsdenrover]

11 minutes ago, Herbie6590 said:

The key part of that is PERSONAL guarantee…this brings potential liability (& scrutiny?) into their personal domain. 
My experience in financial services for 40+ years was that asking directors for personal guarantees for corporate borrowing REALLY focused their minds…

 

If the court requires a bank guarantee - this would cost them money & would impact upon their bank facilities. 

Where has personal guarantee come from?

The court documents describe it as an unconditional bank guarantee to be provided by the petitioner which is VHPL.

[tomphil]

22 minutes ago, Herbie6590 said:

The key part of that is PERSONAL guarantee…this brings potential liability (& scrutiny?) into their personal domain. 
My experience in financial services for 40+ years was that asking directors for personal guarantees for corporate borrowing REALLY focused their minds…

 

If the court requires a bank guarantee - this would cost them money & would impact upon their bank facilities. 

But it's a bit different than the constant line that they chuck millions over here so then have to put millions in a separate account, therefore tying up ready cash.

Agree they won't like the personal guarantee bit as the way Rovers funding is set up seems to be purely down to the VH group part of their portfolio.

The ED should ask for a charge to be put on Pune Towers that'll get them focused !

Edited August 22, 2024 by tomphil

[Herbie6590]

25 minutes ago, wilsdenrover said:

Where has personal guarantee come from?

The court documents describe it as an unconditional bank guarantee to be provided by the petitioner which is VHPL.

EJ’s article 

[wilsdenrover]

2 minutes ago, Herbie6590 said:

EJ’s article 

Thanks - not from a reliable source then 😄😄

[Herbie6590]

Just now, wilsdenrover said:

Thanks - not from a reliable source then 😄😄

🤷‍♂️

[Herbie6590]

https://www.brfcs.com/magazine/articles/i'm-getting-eusta-this/561

[Herbie6590]

https://www.brfcs.com/magazine/articles/fao:-the-celebration-police/565

[onlyoneDuff]

once again a great read..ty

[lraC]

I think any real football fan of the Claret persuasion, would also celebrate a point in those circumstances. If my memory serves me correctly, they did the same at Old Trafford last season.

This was definitely a point gained not two dropped and had the shoe been on the other foot, I would have been disappointed at only drawing, when one up inside 10 minutes, playing 10 men and having spent 10 times the amount that they had.

As RS has stated, celebrate away, as it was a thoroughly deserved point. 

[Mike E]

Dingle at work:

’I’m relieved we got a point. Everything was going our way but your lot wouldn’t let us make it count. In my book, that meant either it was a draw or you were going to whack it down the other end and knock it in.’

[Mattyblue]

What’s Rich doing now? Has he left journalism? Reading these pieces reminds you that he was a bloody good Rovers reporter, especially as attracting folk into local media at all is bloody difficult in the modern era.

[Mike E]

5 minutes ago, Mattyblue said:

What’s Rich doing now? Has he left journalism? Reading these pieces reminds you that he was a bloody good Rovers reporter, especially as attracting folk into local media at all is bloody difficult in the modern era.

Even better now he isn’t constrained by the LET.

[Penwortham Blue]

21 minutes ago, Mike E said:

Even better now he isn’t constrained by the LET.

Think he is doing content at DAZN.

[tomphil]

'Look at that lot, got a point at their hated local rivals with ten men, their team gave their all and they didn't cheer them off. If that was us Clarrots we'd have been cheering them all the way up Pendle Hill'

Would be the alternate view of the unwashed from the dark side had the Rovers fans applauded politely then gone home.

[Bronzed A Donis]

They celebrated Kevin Balls tackle & Micah Hydes fluke, like they had win the champions league, they still go on about it!

They have no room to talk.

[Herbie6590]

https://www.brfcs.com/magazine/articles/all-bite-no-spark/569

IMG_6294.webp

[Herbie6590]

https://www.brfcs.com/magazine/articles/where-we're-at.../571

[Forever Blue]

A good read as always from Sharpe. 

[Herbie6590]

11 hours ago, Forever Blue said:

A good read as always from Sharpe. 

Especially now he doesn’t need to keep the club onside…

[Mattyblue]

A good writer, compare and contrast to the lad in situ.