Venkys: Is the proverbial about to hit the fan?

[rovers95]

Totally wrong word Understand your frustration tho!
Lived in Wilmslow/Alderley area for years and years and all know I am a a Rovers fan.
99 per cent of time we have a good debate about football apart from a few bittet ones about 95.
Stand proud Drog

 

[Old Darwen Blue]

Totally wrong word Understand your frustration tho!
Lived in Wilmslow/Alderley area for years and years and all know I am a a Rovers fan.
99 per cent of time we have a good debate about football apart from a few bittet ones about 95.
Stand proud Drog

Thanks for your kind words Sir Alex.

 

[Barmitzvah Boy]

A new Director of the Club who is a member of the Rao family. This may be a positive move having a member of the family on the Board. Who knows?

Rovers appoint new Director

Rovers have strengthened links between the Board and the Owners with the appointment of Mr. M Sreenivasa Rao as a new Director at the club

www.rovers.co.uk

 

[goozburger.]

The lack of reinvesting the Wharton money into a single permanent transfer on deadline day is a watershed moment for protests and visible discontent again. Buckle up.

 

[blueandwhitehalves]

Mentioned it previously but there's 2 ways for Venkys to keep Rovers in the Championship without losing an eye-watering amount of money:
1. Maintain a wage bill significantly above our revenue, but claw some of that back in selling our best players. How they seem to be doing it now.
2. Significantly reduce the wage bill, but when we do sell, the manager can then have it to spend.

I'm not sure which is the best approach, but its misleading just looking at our net transfer spend in isolation and then the protestors kicking off at Venkys.

Offering a new lucrative (for us) contract is pretty much signing a player in a financial sense. New long-term contracts this season for Pickering, Szmodics, Rankin-Costello and Leonard, along with ones in March last season for Garrett, Carter, S Wharton and Pears. And ones the previous season for Buckley and Travis. All of them 4 year+ contracts, say an average wage of about £12k a week, plus bonuses, national insurance, agent fees and whatever else, thats probably costing the club about £3-4m a pop. And whether they're doing the business for Rovers, or currently look a bad investment (like Leonard, Garrett, S Wharton, Buckley and Travis), we've still gotta pay it.

The fans aren't paying it, not enough of us. So either Venkys can, or the likes of Adam Wharton's sale can.

 

[khmerblue]

The sooner Venkys go the better i just hope they wash there hands of our club.And i hope the bastards who sold the club run over a black cat.

 

[Dunnfc]

Let me know when as fans you want to go again. Il publish the FA response and Tracey’s shortly.

mods please feel free to take this down if any action comprises you. I was 21 when that went across. I’m in my 30s now and significantly more experienced

 

[Dunnfc]

The lack of reinvesting the Wharton money into a single permanent transfer on deadline day is a watershed moment for protests and visible discontent again. Buckle up.

What side of the fence are you on? Not having a go or anything.

 

[goozburger.]

What side of the fence are you on? Not having a go or anything.

Do you mean regarding protests? I class them like many other organised protests. They raise awareness but, in practise, do little to change anything.

I think the most effective protest for a club like ours is to be had inside the stadium during a match. Waggott isn't going to observe a protest "out of hours" outside the stadium attended be a few hundred people, but by default, even if somebody doesn't want to attend a protest, you've got a chance of turning them and using them inside the stadium along with the instigators. And Waggott would be in line to hear it.

As for the owners, I really don't know how you get to that lot. They would ignore it.

I'm not sure if that's what you were asking, even, but there you are.

 

[goozburger.]

Venky's opened a new company in Jersey last year called Venky's Overseas Limited. Beneficial owners are Desai and the two Rao brothers. Failed to file their annual statement a couple of days ago. Good start!

Why would they open this company? Is it to somehow get profit (and thus dividends) from things like the Wharton sale to it? I'm somewhat of a dullard when it comes to this side of things.

Edit: Apparently it's a requirement from HMRC to add entities that own properties to the company directory since last year. This entity is the one being investigated for the Neville house purchase stuff over a decade ago.

 

[blueandwhitehalves]

Genuine question for fans who want Venkys out, what do you want instead given these facts:

Average Championship wage bill - about £30m
Rovers wage bill - about £24m
Rovers operating cost - about £8m
Rovers revenue - about £17m
Rovers annual losses (paid by Venkys) - about £15m

Getting Venkys out is a means to an end. But what's the end, how do you see Rovers operating without them?

 

[Drog]

I've a nasty feeling that we might be finding out soon.

 

[Dunnfc]

Do you mean regarding protests? I class them like many other organised protests. They raise awareness but, in practise, do little to change anything.

I think the most effective protest for a club like ours is to be had inside the stadium during a match. Waggott isn't going to observe a protest "out of hours" outside the stadium attended be a few hundred people, but by default, even if somebody doesn't want to attend a protest, you've got a chance of turning them and using them inside the stadium along with the instigators. And Waggott would be in line to hear it.

As for the owners, I really don't know how you get to that lot. They would ignore it.

I'm not sure if that's what you were asking, even, but there you are.

Protests and general. Thanks for replying though appreciated your thoughts fairly sun up my own views tbh.

 

[Dunnfc]

Venky's opened a new company in Jersey last year called Venky's Overseas Limited. Beneficial owners are Desai and the two Rao brothers. Failed to file their annual statement a couple of days ago. Good start!

Why would they open this company? Is it to somehow get profit (and thus dividends) from things like the Wharton sale to it? I'm somewhat of a dullard when it comes to this side of things.

Edit: Apparently it's a requirement from HMRC to add entities that own properties to the company directory since last year. This entity is the one being investigated for the Neville house purchase stuff over a decade ago.

Yeah it was the same Barclays trustee who set it up for them. Think it’s actually managed by Barclays for them. The house and training ground is in it I think.

Theres A few companies floating around connected with them including a chicken supplier in Essex of all places.

 

[goozburger.]

Elliott Jackson all but confirming that the Rovers Board ordered the club to cancel all permanent transfers involving a fee, even with the Wharton sale being completed on Wednesday night. Something tells me this was planned all along and revealed as soon as the Wharton sale was done.

The question will be why. The obvious reason would be to use the funds from the Wharton sale against running costs because the saga over in India doesn't look too be ending any time soon.

I can't imagine it's anything to do with Tomasson not wanting to be here because he all but admitted that he's just given the players, even if he supposedly has the final sign-off. I do wonder if he still has the sign-off in light of summer's events, however.

Whatever the reason, the club is dysfunctional and chaotic. Just when I thought we'd slowly got some semblance if normality back, I see a dark road ahead.

 

[Barmitzvah Boy]

The Wharton transfer money went on paying the bills. The Rovers Board cancelled all payments on transfers (McGuire) after Wharton was sold.

Dangerous times for our club.

Why Blackburn Rovers pulled out of permanent transfer for Duncan McGuire

The Lancashire Telegraph can reveal why Blackburn Rovers cancelled the transfer of Duncan McGuire mid-light

www.lancashiretelegraph.co.uk

EDIT: Gooz and I posted on the above at more or less the same time. I am in agreement with Gooz re dark times ahead. The club / owners need to communicate with fans.

 

[davebirch]

looks like it's back to the chaotic years

 

[goozburger.]

The club / owners need to communicate with fans.

The actions tell me everything. The only reason people want communication from the club is to explain what has gone wrong. I find it pointless. One of @Drog's favourite saying is: What can't speak can't lie.

Taking deadline day in isolation, we know two important things.

We have a Board of Directors that didn't want the Wharton money being spent on permanent transfer fees in this transfer window which only became evident the day before deadline day.

We have lower-level staff at the club who are incapable of understanding paperwork and filing it correctly under pressure.

Take one of those things away, and we wouldn't have had an embarrassing problem on deadline day for the second year running.

On the wider picture, I don't understand why supporters waste their time on wanting Waggott out. To my mind, if the Board of Directors bin him off, he'll be replaced by another CEO who will carry out similarly unpopular decisions to satisfy his paymasters. That's all a CEO really does; carry out the strategy directed to him or her by the Board of Directors.

I see lots of calls for Venkys and Waggott to go, but no mention of the Board of Directors who seem to be well-hidden. Waggott might have a sense of relief about the Lancashire Telegraph article this morning because it should shift attention the group of people (the Board) that have barely been mentioned yet are the ones making the decisions.

It's going to be an interesting few days ahead. My suspicion is that the highest level employee to go could be Broughton (he did, after all, admit responsibility for last year's catastrophe, and the deadline day minutia has happened yet again), or whoever signed-off on the paperwork. Waggott and above will remain. We'll plough on as-is in spite of supporter unrest.

 

[Old Darwen Blue]

Genuine question for fans who want Venkys out, what do you want instead given these facts:

Average Championship wage bill - about £30m
Rovers wage bill - about £24m
Rovers operating cost - about £8m
Rovers revenue - about £17m
Rovers annual losses (paid by Venkys) - about £15m

Getting Venkys out is a means to an end. But what's the end, how do you see Rovers operating without them?

Simple, someone else can take over and run the club better. The venkys are a curse not the be all and end all.

 

[Drog]

Well just my opinion cos I don't know the chap personally but I think Steve Waggot will resign. His position has become untenable and I'd heard that he was nearing retirement anyway.