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Boz

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  1. Yes I fully expect that narrative from the club, but I do not want it to be said by Eustace. Otherwise it helps Waggott, Pasha and co.
  2. When John Eustace leaves this week, I will be disappointed in him and lose respect for him, IF, he uses any excuse for his departure in connection with his family, previous connection and location in Derby, rather than the obvious real reasons surrounding his contract termination. By all means under any contractual conditions impacting any press comments, state no comment, or avoid the question, or state you would rather not go into the details. Otherwise our unscrupulous senior management will spin the story that the reason for him wanting to take up the Derby position, is down to location and family. In my opinion he would be doing a disservice to the long suffering supporters of Rovers. He should not be using the commute as a excuse for a job he accepted only twelve months previously.
  3. I think I am correct in saying that there was also a period of time remaining in the summer transfer window after Sammy's departure for them to get off their arses, plus it wasn't a surprise with his move being on the cards for months beforehand.
  4. Hi K-Hod very much appreciate you giving your time in listening to what at times must be infuriating garbage spouted by the Rovers officials at such forums. Without wanting to distract conversation away from way more important matters concerning owners, transfers, contracts. Might it perhaps to add under AOB, a stadium capacity question? If the reported capacity is 31,367, with 4,043 Burnley tickets sold in the Darwen end (including others in hospitality sections?) with a circa 8,000 capacity and all home tickets sold out. With a published attendance yesterday of 25,909, where were the circa 1,400 missing seats? Or do Rovers need to revise the stadium capacity? I also ask partly as the match was sold out over a week beforehand and I know Rovers fans who would have bought tickets.
  5. Just looked £nil, last capitalisation was 28th June 2023. If their business model (yes I know crazy to contemplate whether owners/board of directors have one) is to nurture and sell talent for a profit as per Brentford/Brighton/Bournemouth and that £12m to say £20m is required every season to fund operations, then why has this not happened? All the transfer profits have been used to mop up operations, with £nil gone on incoming transfers, except of course the academy costs, though these are also within the operational costs. Along with funding £350k pa on a MD who does square root of bugger all.
  6. To save me the bother of checking, can anyone quickly comment on how much capital has been introduced since 30/6/23?
  7. As has been mentioned above, in light of such uncertainties concerning the financial situation, insolvent position and reliance on the going concern to continue trading, surrounding The Blackburn Rovers Football and Athletic Club. If I was one of the four directors, I would be seeking the professional advice of an Insolvency Practitioner as a matter of urgency to protect myself against future actions brought upon me personally. Especially so if I was concerned that I was being fed instructions as to how I should be performing my fiduciary directors duties and responsibilities, by say the Chief Operating Officer, who is not a director. Perhaps he is a 'shadow director'? Again I'd be seeking to clarify this situation. I have a feeling that part of any advice received would be to hold onto any funds.
  8. I asked, in response by a fans forum member request to pose questions to be asked at the most recent Fans Forum, whether the position of Suhail Pasha might be enquired. Specifically whether a Director, better still SW the Chief Executive Officer, might comment as to whether they consider Pasha to be acting as a ‘Shadow Director’? Following on from this, how do they consider this to sit alongside their position as a director sitting on the Board of Directors and receiving instructions? I have read the minutes, but cannot see anything mentioned; was my question asked and responded to, or ignored? Thank you.
  9. I’ve highlighted a serious concern. I would suggest that questions need to be asked as to exactly what is Suhail Pasha’s legal role at The Blackburn Rovers & Athletic Club Ltd? What instructions is he giving to the Board of Directors and on what authority. He’s clearly a shadow director, this point needs emphasising to ensure he’s on the hook and accountable. However many directors there may be remaining, should certainly consider their positions and whether without his accountability I’d be pushing back.
  10. The spotlight should be shown onto the actual legal status of The Blackburn Rovers Football and Athletic Limited company, this is the legal entity out of which Rovers trades/operates. With specific attention to the officers, the Board of Director, placing pressure on them to consider their positions and whether it is wise for them to be continuing in the current climate. A reminder about who these officers presently are, as appearing on Companies House:- Steven Waggott – Chief Executive Officer Michael Anthony Cheston – Finance Director Reddy Gandhi Babu Robert Duckworth Coar – apparently described by some as a non-executive director, though this should not be confused with non-statutory directors, who are not appointed to the board of directors. A non-executive director is a full member of the board, who has the same official duties, responsibilities, and yes, liabilities that apply to a standard director! Sreenivasa Rao Mandava Then there is Ian David Sylester who is the company secretary. The Board of Directors have a set requirement, besides the management of the company’s business, they make strategic and operational decisions of the company and are responsible for ensuring that the company meets its statutory obligations. Act within powers, promote the success of the company, exercise independent judgement, avoid conflicts of interest, not accept benefits from third parties, declare interests in proposed or existing transactions or arrangements with the company. Duties and obligations on a director also state that a director owes under common law principles a duty of confidentiality; then an obligation relating to the health, safety and welfare at work of its workers; plus similarly obligations under environmental, competition and anti- corruption legislation. Now all of the above is fine and trouble free and works swimmingly in your standard profitable trading company. However when questions as to the company’s viability or going concern are raised then this should give cause for concern by your Board of Directors. Especially so when perhaps there might be the added risk of liquidation on the horizon; administration or an insolvent liquidation. When a company is in financial difficulties the directors should seek advice as soon as possible if they are to avoid potential personal liability under insolvency legislation. The general duties are also then modified to include an obligation to having regard to the interest of creditors. Then there is the issue of wrongful trading, which is an increased risk on the directors. Where they knew or ought to have concluded that there was no reasonable prospect of the company avoiding insolvent liquidation or administration, and they continue to allow the company to trade after they knew or ought to have concluded, and do not take every step they ought to from that time to minimise the potential loss to creditors. I could go on and mention fraudulent trading or misfeasance, though I am sure the above persons are not party to any such goings on. Now I do not know who all of the above are, other than the first two whose roles are specifically stated, along with Rob Coar (who it is said, is only on the board in a capacity to safeguard his FA position?), though they might all be now considering their positions in light of various specific announcements along with matters reported in local newspapers and other media outlets, if true. I have heard a name mentioned, Suhail Pasha, within the corridors of power at Rovers, he has a reported role as the owners’ advisor, is he one of the aforementioned names who is on the Board of Directors? Might this role be considered to be that of a Shadow Director and is he permissible to take up such a position? Once again if I was one of those five directors listed, I most certainly would be seeking clarification and obtaining evidence such as a corporate governing structure as to Suhail’s roles. Otherwise without him also being on the hook so to speak, I might not necessarily be taking instructions from him, over the fiduciary duties of being a director of Blackburn Rovers.
  11. Duncan McGuire loan signing - sorry if this has been made clear elsewhere, or whether it might be speculative, in that only those actually involved in the negotiations will fully know, but... Did we go from an initial offer bid of circa £2m, which was positively responded to in Miami, but then perhaps went up to £2.5m following Sheff Wed creating an auction, which was reported as being acceptable by Orlando, for them to transfer their player to us. With in all probability following a medical yesterday morning after his arrival in the UK, he signs the transfer forms, lodged wherever, happy days, send the down payment and then any balance in dribs and drabs for next x years across the pond. To...a $700k loan fee until June 2024 with then an option to buy of $7m, plus potential $2.5m add ons? To me this seems like an expensive air flight ticket that someone at Ewood tried to save on Wednesday evening GMT. Besides the cost of a possible Revidge & Wilpshire ( Simon 😉) or equivalent airport taxi. Or perhaps great business if in fact Dunc has similar fitness and goal scoring attributes as Niall Ennis, costing us only $700k (though $700k is not chicken feed) and his salary for the next five months.
  12. You've also missed out wages to Chester, who writes out the cheques, and Sylvester, in charge of the fax machine.
  13. Hello, it’s Waggott who is ultimately to blame, he’s the chief exec. He chose to go down to St Andrews. He’s done bugger all in rectifying the balls up so it doesn’t happen again and again and finally he has reneged on the promise to explain to the supporters what occurred. Accountability and integrity, resign, drain the swamp Venkys and get yourselves a functioning board and operations department.
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