Blackburn Rovers post profit (From Lancashire Telegraph)

When you see these figures it just proves to run a small football club costs a lot of money in terms of both Capital transactions - transfers and working capital requirements (day to day running expenses).

Whilst it may be preferable to have UK owners on the face of it it does not look like a sound business investment. It is easy to let the heart rule the head so be careful what you wish for - the grass is not always greener on the other side

stick to football wrote:
When you see these figures it just proves to run a small football club costs a lot of money in terms of both Capital transactions - transfers and working capital requirements (day to day running expenses).

Whilst it may be preferable to have UK owners on the face of it it does not look like a sound business investment. It is easy to let the heart rule the head so be careful what you wish for - the grass is not always greener on the other side

if u love football, then it always greener. I love this club.

Got to say most fans are not interested in the finances of a club more how there club is being run. Lets face it we have gone from a freindly family club to one run by a bunch of people who are in it for one thing only that's what can they get out of the club, the quality of staff being employed at the highest level leaves a lot to be desired.
I also think it's disturbing that recently two managers applying for the recent managers job withdrew there applications.
Employing people with records like Hendry does nothing to creat a a family environment.
As a fan we do care about our club but IMO I go to watch the match but no longer care about our owners.

On the face of it, the figures don't look too bad.
The problem is that income from TV totalled £41million in that turnover figure of £54million - so since the idiot owners got us relegated, what is going to make up this shortfall?
If we don't go back up this year, financial oblivion looms, and the Venky's are to blame, while it will be us supporters left to pick up the pieces.
Also, one interesting thing not showing in the accounts is the amount paid to agents - should be very interesting when this is revealed!

SHYSTERS GET OUT OF OUR CLUB

£24 million in debt and a £10 million operating loss, whilst in the Premiership on gates of 24,000 (plus a further £6.8 million loss on transfers to be added in)
.
This financial year will include £16m parachute payments which will offset the transfer figure and the wages of the players that didn't have a relegation clause and the wages of the new signings.
.
The rest of the money will have to come from commercial activities, lower TV money and the income generated from the 15,000 who attend.
.
Why would anyone want to own a football club?

I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

We all know Venky'd didn't make the brightest of starts and there is no doubt that the managerial structure is in pale significane to the days of John Williams and co.

However, I'm fed up of the negativity. I was expecting far worse when the accounts were finally published and they've made a commitment to make up for the shortfall in revenue caused by relegation. By all means lambast the owners if they up and leave when the going get's tough from next year onwards (personally I don't think we'll come up this year) but until that time comes can we please just stop attempting to put a negative spin on absolutely everything that comes out the club.

A commitment to the future means nothing.

I like the statement, from the "ULTIMATE parent company (Venkateshwara Hatcheries Pvt Ltd)".....just wait till the parachute payments run out and "Venky's London" goes TU. The consortium will be gone, leaving a trail of creditors. Rovers will be owned by some Indian bank who will sell the club/training facilities to the highest bidder (be that a property developer or whomever) and if Rovers do somehow survive they will face points deduction and certain relegation. Wonder why Rovers cannot get sponsorship?? The UK Zionistic/Freemasonr
y network know exactly what's going on and their heads do not want to be linked. The Prince's Trust have since cut links...but who is head of Freemasonry in the UK?? Answer below:
.
http://www.dailymail
.co.uk/news/article-
528751/Freemasons-op
en-lodge-Buckingham-
Palace--Queen-isnt-a
mused.html

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

Only a dingle will dream of its ultimate demise! Look at the figures, and do the maths. If we don't get promotion this year, we are stuffed good and simple. Open your eyes to what these SHYSTERS are doing to our club!!

call me a dingle all you want if it makes you feel better about yourselves....

I thought we were supposed to be dept free because the dept had been paid up when they changed banks and after selling some players, obviuosly this isn't the case. At least they have funded us this year and bought Rhodes but reality will kick in when we dont go up this time of which we wont I am fairly sure of that and I expect it to be a totally different Blackburn Rovers next year to the one we now know. As it is looking like another big opportunuty has been missed again as we should have got ourselves a top manager. Now we can only back Henning and it would be good if he turned out to be a great manager but the signs are not good, I am not impressed with the King signing or the Robbo situation and it's looking more like another guy experimenting to see if he can be a succesful manager.

The State Bank of India? I'd feel safer with my millions in a cardboard box under the bed (much like Colin Hendry does).

And then there is Venkateshwara Hatcheries Ltd? Do you really believe that such a company would be willing to provide the "significant additional funding" necessary to maintain a struggling English Championship football team?

There may be trouble ahead.

Jacko67 wrote:

blueblooded wrote:

Jacko67 wrote: ...and we wonder why paedophiles like "Sir" Jimmy Saville and "Sir" Cyril Smith have been getting away with abuse of young children for all these years. Blackburn Rovers will be forever tainted by these clowns.

you're a cowardly cur of the lowest extremes smelly. Hiding behind your keyboard pretending to care for Rovers whilst delighting your dingle friends with your amusing rants about Venkys and dreaming of the clubs demise. You're a dingle, there can be no doubt, likely one of the other oxsore and co, enjoying a wind up. SCUM is the only word that can be associated with you and your friends.

Like I said...call me any names you want...but I'm afraid it is YOU that is scum sir...you will reap what you sow.

of course I will. I will enjoy football and show support to my team as I am a REAL supporter, unlike you couch potato fans who do little else but whinge.

good day to you and your miserable existence.

fanny_tickler. wrote:
The State Bank of India? I'd feel safer with my millions in a cardboard box under the bed (much like Colin Hendry does).

And then there is Venkateshwara Hatcheries Ltd? Do you really believe that such a company would be willing to provide the "significant additional funding" necessary to maintain a struggling English Championship football team?

There may be trouble ahead.

Amazign how you and smelly and the negative nancies all seem to share the same hymn sheet isnt it mommy tickler?

Sooooo, how much do we get to spend next month then?

Its not as bad as Bolton, they are £134 million in debt!

A Rover 45 years and over wrote:
I thought we were supposed to be dept free because the dept had been paid up when they changed banks and after selling some players, obviuosly this isn't the case. At least they have funded us this year and bought Rhodes but reality will kick in when we dont go up this time of which we wont I am fairly sure of that and I expect it to be a totally different Blackburn Rovers next year to the one we now know. As it is looking like another big opportunuty has been missed again as we should have got ourselves a top manager. Now we can only back Henning and it would be good if he turned out to be a great manager but the signs are not good, I am not impressed with the King signing or the Robbo situation and it's looking more like another guy experimenting to see if he can be a succesful manager.

Agreed. Wasn't there an official statement claiming the club was now debt free. More lies. Lies **** lies.

For all those who think they can read a set of accounts, as a qualified accountant of 20 years experience I can tell you the balance sheet is terrifying.

A due diligence process would reveal
the club TV revenue is about to fall off a cliff, we have no shirt sponsor, dwindling crowds and the clowns Venkys allowed the Odious one to sign his Fulham friends on lucrative retirement deals.
Mismanagement of the highest order.

And still Venkys have allowed themselves to be convinced by a TV pundit that experimenting with a cheap option failed manager is our best option. The most important job at the club. The key position that will influence our return to the Premiership and its golden TV revenue.
If you scripted this it would be regarded as a ridiculous fantasy.

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

two more years out of the premiership and lets see if you say the same!

Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

You dont have to be a 'whiz kid' in understanding what 'contingency' means if things go pear shape this season!!
It will be interesting when more figures are published in respect of expenditure especially agents fee's paid and to whom!!!
OUT WITH SHAW AGNEW SINGH BLACK HENDRY VENKYS

We are in trouble the team isnt good enough to get us out of this league,if we cant beat Burnley we are a poor outfit.

Come on Venkeys get rid of Shebby and invest in Henning's selection of players so he can make a good fist of going for it in the new year. .

Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

The balance sheet is not as bad as expected. For those who say fans are not interested in balance sheets, well you should be, because without a good balance there will be no BRFC. Brsit can only raise 3 million, however well meaning and enthusiastic they are, the 3 million they have raised wouldn't keep Rovers going for a month if Venkys pulled out. There is nobody in Blackburn who can service a debt of 24 million.

No-one will buy the club after last years debacle, so without Venkys Rovers would quickly go into administration. The administrators would have to sell any players with value at knock down prices and find a way to keep the club going, very doubtful it would survive with all the huge contracts to be honoured to people like Murphy.

As other people have posted, there doesn't seem to be any alternative to Venkys, so people had better learn to accept them because without them there is a very good chance that there will be no BRFC.

1952 rover wrote:
Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

That was last week!! a £3.16m profit operating losses £4.4m. Turnover £23m wages £17m.

http://www.lancashir
etelegraph.co.uk/spo
rt/football/burnley_
fc/news/10064056.Bur
nley_urged_to_keep_A
ustin_after_recordin
g_profit/

VENKYS SELL UP

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

Glory hunters!

Get a grip...

We won the league 17+ years ago, also what if you were born after 1995? Can you not support them?

Typical Burnley fan, living in the past.. Still harping on about past glories of the 60's & 70's... Although you probably weren't born then.. Also in your twisted logic surely that makes older Burnley fans glory hunters too? Hmm.. Boring....

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

When was the last year Burnley had a higher average league attendance? Even this season with disastrous regime really coming to the fore you’re still second best.

Answer year dot…….no I tease 30 years ago…….. 1983 Rovers ALA 7,103 Burnley ALA 9,086

Iiii1111 wrote:

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

two more years out of the premiership and lets see if you say the same!

Two years is a long time in Football.

Two years ago we were a Premiership club with a decent manager that some were moaning about even back then,

Bet they wouldnt have been moaning if they could have seen two years into the future to today!

I don't sit there worrying about whats going tohappen in two years. The economy is shot, I could lose my job and likely lose my house, so attending matches would be unlikely, never mind buying a season ticket.

Rovers could go up, they could plummet further or they may just stay championship midtable and we end up selling players and bringing in new ones, who knows?

Supporting your team isnt about long term forecasts about its future - especially on just a local newspaper website - its about supporting your team through the good and the bad. Anyone with any memories of where we were pre-jack walker will know and understand this. We attended matches to watch our beloved team PLAY and hoped they'd win - not moan and whinge about losing streaks, sacking managers (Kean excluded) and club politics that we had little or no control over.

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

Nah dingle, thats what your supporters do coming on here all the time, always want to be a part of the better team! If Blackburn/Venkys go bust then we could probably end up in Blue Sq prem or non-leaguers, but I'd still support them because I am from BLACKBURN... Born and bred! Not inbred like the dingles! Why support anyone else??

Even if rovers future was totally ended? I'd support Accy Stanley because it would have to be someone around where I was born/live of course... But one things for sure, Burneh could be premiership winners every year with the best footballers in the world (stop fantasising) but I'd still rather support Stanley or Chorley!

blueblooded wrote:

Iiii1111 wrote:

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

two more years out of the premiership and lets see if you say the same!

Two years is a long time in Football.

Two years ago we were a Premiership club with a decent manager that some were moaning about even back then,

Bet they wouldnt have been moaning if they could have seen two years into the future to today!

I don't sit there worrying about whats going tohappen in two years. The economy is shot, I could lose my job and likely lose my house, so attending matches would be unlikely, never mind buying a season ticket.

Rovers could go up, they could plummet further or they may just stay championship midtable and we end up selling players and bringing in new ones, who knows?

Supporting your team isnt about long term forecasts about its future - especially on just a local newspaper website - its about supporting your team through the good and the bad. Anyone with any memories of where we were pre-jack walker will know and understand this. We attended matches to watch our beloved team PLAY and hoped they'd win - not moan and whinge about losing streaks, sacking managers (Kean excluded) and club politics that we had little or no control over.

Here here!! Good post! :)

RTID

blueblooded wrote:

Iiii1111 wrote:

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

two more years out of the premiership and lets see if you say the same!

Two years is a long time in Football.

Two years ago we were a Premiership club with a decent manager that some were moaning about even back then,

Bet they wouldnt have been moaning if they could have seen two years into the future to today!

I don't sit there worrying about whats going tohappen in two years. The economy is shot, I could lose my job and likely lose my house, so attending matches would be unlikely, never mind buying a season ticket.

Rovers could go up, they could plummet further or they may just stay championship midtable and we end up selling players and bringing in new ones, who knows?

Supporting your team isnt about long term forecasts about its future - especially on just a local newspaper website - its about supporting your team through the good and the bad. Anyone with any memories of where we were pre-jack walker will know and understand this. We attended matches to watch our beloved team PLAY and hoped they'd win - not moan and whinge about losing streaks, sacking managers (Kean excluded) and club politics that we had little or no control over.

Hmmm, my idea of supporting my team is watching them lose 6-3 to Hereford, or the 1-0 defeat at the Field mill (Mansfield for those that don’t know;-) having a season ticket(s) for more years than I can recall (pre UJack) or driving 500miles round trip for a home game these days…think I’m well qualified as a Rovers fan, what I wouldn’t suggest is what qualifications you must have to be a Rovers fan!

Iiii1111 says...
2:11pm Thu 6 Dec 12

"Hmmm, my idea of supporting my team is watching them lose 6-3 to Hereford, or the 1-0 defeat at the Field mill (Mansfield for those that don’t know;-) having a season ticket(s) for more years than I can recall (pre UJack) or driving 500miles round trip for a home game these days…think I’m well qualified as a Rovers fan, what I wouldn’t suggest is what qualifications you must have to be a Rovers fan!"

So you're ok with the so-called fans like the doom merchants who are boycotting because they dont like the current owners, who spend their days relishing in the idea of the clubs demise so they can pick it up for a penny and claim ownership of something they could only dream of, only to watch it sink into obscurity?

To each their own I guess. Funny way of supporting a club though.

blueblooded wrote:
Iiii1111 says...
2:11pm Thu 6 Dec 12

"Hmmm, my idea of supporting my team is watching them lose 6-3 to Hereford, or the 1-0 defeat at the Field mill (Mansfield for those that don’t know;-) having a season ticket(s) for more years than I can recall (pre UJack) or driving 500miles round trip for a home game these days…think I’m well qualified as a Rovers fan, what I wouldn’t suggest is what qualifications you must have to be a Rovers fan!"

So you're ok with the so-called fans like the doom merchants who are boycotting because they dont like the current owners, who spend their days relishing in the idea of the clubs demise so they can pick it up for a penny and claim ownership of something they could only dream of, only to watch it sink into obscurity?

To each their own I guess. Funny way of supporting a club though.

Your words not mine.

I wouldn’t have the audacity to say how a Rovers fans should react to the shambles that is now BRFC.

I will say the club is honour bound to earn a fans support, they just shouldn’t expect unequivocal support….it works both ways.

I don’t castigate anyone who is a boycotter, everyone has that right and only self-righteous condemn them;-)

I think the last part confirms what a lot of people were saying 2 years ago. Venkys bought an EPL club, they realised quite quickly that they couldnt afford sustained investment. The club was purposefully relegated by means of selling players and keeping Steve Kean at the helm in order to reduce losses. When you look back, there was no serious investment whilst BRFC were in the EPL, the investment has come after we were relegated and the costs were freed up by parachute payments and lower wage bills.

Iiii1111 wrote:

blueblooded wrote:
Iiii1111 says...
2:11pm Thu 6 Dec 12

"Hmmm, my idea of supporting my team is watching them lose 6-3 to Hereford, or the 1-0 defeat at the Field mill (Mansfield for those that don’t know;-) having a season ticket(s) for more years than I can recall (pre UJack) or driving 500miles round trip for a home game these days…think I’m well qualified as a Rovers fan, what I wouldn’t suggest is what qualifications you must have to be a Rovers fan!"

So you're ok with the so-called fans like the doom merchants who are boycotting because they dont like the current owners, who spend their days relishing in the idea of the clubs demise so they can pick it up for a penny and claim ownership of something they could only dream of, only to watch it sink into obscurity?

To each their own I guess. Funny way of supporting a club though.

Your words not mine.

I wouldn’t have the audacity to say how a Rovers fans should react to the shambles that is now BRFC.

I will say the club is honour bound to earn a fans support, they just shouldn’t expect unequivocal support….it works both ways.

I don’t castigate anyone who is a boycotter, everyone has that right and only self-righteous condemn them;-)

Being a boycotter isn't a sin. Coming on here spreading rumours and lies to create disturbance because you're a dingle living in ewood-envy knowing you'll never be anything more than second best - if you're lucky - like smelly and his band of anti-semetic and racially prejudiced goons are, is.

No-one knows the truth, neither I nor any supporter within the club or outside it. Only Venky's know what their true motives are for buying into the club and they alone can decide how it will be run. Fan buy-outs, boycotting to be rid of them hurts the club and the team way more than it will ever hurt the owners.

If your love affair for Rovers is over - go and support another team or get on with your life. Why come here daily belly aching and whining like a kid whose had his sweetie nicked like a dingle?

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

we could go bust and have to play the grounds keepers the ticket office girls and madge the tea lady in goal and you could guarantee Burnley still would,nt beat us! concern yourself with your own small club dingle!!

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

we could go bust and have to play the grounds keepers the ticket office girls and madge the tea lady in goal and you could guarantee Burnley still would,nt beat us! concern yourself with your own small club dingle!!

1952 rover wrote:
Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

Do you not read?. Accounts are out and look good - Very good. On the way up pal. I've worked with Indian companies for many years believe me they won't put anything in. They just will not countenance a loss at all.

this does make interesting reading, but like our finance officer at work always tells us a balance sheet is a snap shot in time and profit is a matter of opinion not bank balance. The best wayto view this is that it suggest the club is being run financially very similarly to the way it was before. Transfers dealings up and down. ( Check out the transfer tavern to see the walker net transfer figures, nearly zero in the end) and a servicable debt, that is more tahn likely a loan owned by our parent company, the lats statement for me just means the mother companty has identified itself as the gaurentee to pay the debt, so the bank allows the facility to remain.

I can`t see in this any real suggestion of asset stripping and it seems a bit far fetched to suggest they would deliberatley send us down so they could miss out on the most lucrative TV deal in the history of the Premiership.

My conclusion as i suspected is they we very badly advise by a bunch of crooks, who smelled blood and manipulated themseleves into a position of control at the club for their own financial gain, and they have very niavley belived that football is like any other buisness.

Time to move on

Jacko67 wrote:
I like the statement, from the "ULTIMATE parent company (Venkateshwara Hatcheries Pvt Ltd)".....just wait till the parachute payments run out and "Venky's London" goes TU. The consortium will be gone, leaving a trail of creditors. Rovers will be owned by some Indian bank who will sell the club/training facilities to the highest bidder (be that a property developer or whomever) and if Rovers do somehow survive they will face points deduction and certain relegation. Wonder why Rovers cannot get sponsorship?? The UK Zionistic/Freemasonr

y network know exactly what's going on and their heads do not want to be linked. The Prince's Trust have since cut links...but who is head of Freemasonry in the UK?? Answer below:
.
http://www.dailymail

.co.uk/news/article-

528751/Freemasons-op

en-lodge-Buckingham-

Palace--Queen-isnt-a

mused.html

Oh dear, this blows the zionist conspiracy theory out of the water. Published accounts showing a profit. The doomongers and jew haters said it had dissappeared to fund Israels invasion of palestine and the illuminates attempt to buy up all fossil fuel deposits.
What you mean its just about football then? Look like it doesn't it.
I suppose the next James Bond movie will show everyone the real truth.
Snigger.
Also I see you were up til at least 5 am ranting to yourself again, answering your own posts.You need to stop abusing the crystal meth or your going to suck your face in :0)

Anyone know the situation with Goodwillie the man we paid two and a half million for and as just dissappeared his he still training with us after his Palace debacle or is he back in Scotland and what's free loader Myles Anderson upto

Fan@clared wrote:

1952 rover wrote:
Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

Do you not read?. Accounts are out and look good - Very good. On the way up pal. I've worked with Indian companies for many years believe me they won't put anything in. They just will not countenance a loss at all.

Yeah.. I've worked with Indian...

Inbred Dingle. Hang your head in shame.

I bet it didn't stop you taking their money though did it?

It astounds me the level prejudice you can mask by pretending your selective experience somehow validates your racism. Yes Indians are a race. Billions of people just tarred with the same brush thanks to your selective experience. Well done. I bet you believe all Scottish are lying drunks, all Welsh people are attracted to sheep and all Dingles entertain their sister.. Ok the last ones obviously true.

Dingle.

Ever stop to think that Venky's stand to gain much more financially by ensuring that Rovers succeed or is that way too far fetched for your envious hate filled cranium?

34 years.. It must make you scream into the carpet with frustration when you role reverse and she gets to hide the salami.

fanny_tickler. wrote:
The State Bank of India? I'd feel safer with my millions in a cardboard box under the bed (much like Colin Hendry does).

And then there is Venkateshwara Hatcheries Ltd? Do you really believe that such a company would be willing to provide the "significant additional funding" necessary to maintain a struggling English Championship football team?

There may be trouble ahead.

Got you finger stuck in your ear again dingle?

inflightmagazine wrote:
this does make interesting reading, but like our finance officer at work always tells us a balance sheet is a snap shot in time and profit is a matter of opinion not bank balance. The best wayto view this is that it suggest the club is being run financially very similarly to the way it was before. Transfers dealings up and down. ( Check out the transfer tavern to see the walker net transfer figures, nearly zero in the end) and a servicable debt, that is more tahn likely a loan owned by our parent company, the lats statement for me just means the mother companty has identified itself as the gaurentee to pay the debt, so the bank allows the facility to remain.

I can`t see in this any real suggestion of asset stripping and it seems a bit far fetched to suggest they would deliberatley send us down so they could miss out on the most lucrative TV deal in the history of the Premiership.

My conclusion as i suspected is they we very badly advise by a bunch of crooks, who smelled blood and manipulated themseleves into a position of control at the club for their own financial gain, and they have very niavley belived that football is like any other buisness.

Time to move on

Good post, I think you have hit the nail on the head, allegedly.

DanBlackburn wrote:

A Rover 45 years and over wrote:
I thought we were supposed to be dept free because the dept had been paid up when they changed banks and after selling some players, obviuosly this isn't the case. At least they have funded us this year and bought Rhodes but reality will kick in when we dont go up this time of which we wont I am fairly sure of that and I expect it to be a totally different Blackburn Rovers next year to the one we now know. As it is looking like another big opportunuty has been missed again as we should have got ourselves a top manager. Now we can only back Henning and it would be good if he turned out to be a great manager but the signs are not good, I am not impressed with the King signing or the Robbo situation and it's looking more like another guy experimenting to see if he can be a succesful manager.

Agreed. Wasn't there an official statement claiming the club was now debt free. More lies. Lies **** lies.

For all those who think they can read a set of accounts, as a qualified accountant of 20 years experience I can tell you the balance sheet is terrifying.

A due diligence process would reveal
the club TV revenue is about to fall off a cliff, we have no shirt sponsor, dwindling crowds and the clowns Venkys allowed the Odious one to sign his Fulham friends on lucrative retirement deals.
Mismanagement of the highest order.

And still Venkys have allowed themselves to be convinced by a TV pundit that experimenting with a cheap option failed manager is our best option. The most important job at the club. The key position that will influence our return to the Premiership and its golden TV revenue.
If you scripted this it would be regarded as a ridiculous fantasy.

Very valid points - me thinks these books although providing potential Armageddon for Rovers would look even worse if they hadn,t been in that tandoori oven being cooked for the last few months !

I went to watch the Academy beat West Ham 4-1 last Saturday, when they scored their second goal I shouted 'Go on lads, I'll take you to the Champions League'
I don't care how I do it, whether as owner, player/manager or plain manager Rovers will reach the pinnacle of club football - I am 44 and nearly £10,000 in debt but I own over 30 domain names and have been an Internet Consultant since 1995 which coincided with our Premiership title

May luck be a lady tonight!

The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

ashton_9 wrote:
We all know Venky'd didn't make the brightest of starts and there is no doubt that the managerial structure is in pale significane to the days of John Williams and co.

However, I'm fed up of the negativity. I was expecting far worse when the accounts were finally published and they've made a commitment to make up for the shortfall in revenue caused by relegation. By all means lambast the owners if they up and leave when the going get's tough from next year onwards (personally I don't think we'll come up this year) but until that time comes can we please just stop attempting to put a negative spin on absolutely everything that comes out the club.

YES! Couldnt agree more.

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

why cant everyone just see the positives? it said PROFIT! better than last year and we probably spent more transfers even if we dropped a division? Who cares about the rest? we are moving FORWARD, and Venkys are giving us money! Just look on the brightside Please!

fanny_tickler. wrote:
The State Bank of India? I'd feel safer with my millions in a cardboard box under the bed (much like Colin Hendry does).

And then there is Venkateshwara Hatcheries Ltd? Do you really believe that such a company would be willing to provide the "significant additional funding" necessary to maintain a struggling English Championship football team?

There may be trouble ahead.

Dingle

Fan@clared wrote:

1952 rover wrote:
Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

Do you not read?. Accounts are out and look good - Very good. On the way up pal. I've worked with Indian companies for many years believe me they won't put anything in. They just will not countenance a loss at all.

Can you explain how the following looks good:

'£3.16m profit operating losses £4.4m. Turnover £23m wages £17m.' How much of that was sales Jay Rod, Fletcher etc? what was BFC's balance in transfers? also wages 17mil, turnover 23 - what are the other on costs of running the Dingle Dome and chortle 'training facilities' not to mention other staff and costs? so strip out all your transfers (which is why rovers also posted a supposed 'profit') and where are you? I would suggest not looking so good. You also had to go down the cheap and cheefrul managment route which also suggests limited investment.

So yep, we're in the sh*t but I wouldn't laugh too much becuase you might not be an as good a shape as you think you are.

Like a lot of clubs you've been ripped off too but you've been screwed by those a lot closer to home - you just don't seem to realise it.

owd nick wrote:
The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

Unfortunately for the boycotting Bonleh council estate naysayers, their benefit capped brains only sees foreigners as inferiors. Stuck in the Commonwealth delusion that the Chinese and Indians are still third world countries. Oswald "Smelly" Moseley and his pal Enoch "Penrith" Powell will be on later when they've awoken from their white lightening induced slumbers after getting drunk at the Chancellor's Budget report, that after voting Connies to get that Jewish muslim sympathiser Straw out, their reward for their misplaced loyalty is a measly 1% increase for their hard lives of doing feck all and cheap boozing habits in the wee hours of the night while they "blog" to themselves.

No doubt Mosley will regurgitate his anti-semetic how they would have let the club go into administration than let filthy foreigners take control speech in answer to your question and Enoch Penrith will pretend he's just a passer by agreeing with a fellow fan *cough* dingle *couch* and hope no-one notices that the only ones who agree with them are their dingle friends, no doubt going back to their ClaretSad forum to spend another night discussing the Mighty Rovers.

And of course Deluded Dave will make a cameo, using CAPITAL LETTERS hoping that by shouting at the screen someone might reply to him and acknowledge his lonely existence.

PAY UP POMPEY POMPEY PAY UP!! got your derby day ticket for stanley game yet lads?

blueblooded wrote:

owd nick wrote:
The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

Unfortunately for the boycotting Bonleh council estate naysayers, their benefit capped brains only sees foreigners as inferiors. Stuck in the Commonwealth delusion that the Chinese and Indians are still third world countries. Oswald "Smelly" Moseley and his pal Enoch "Penrith" Powell will be on later when they've awoken from their white lightening induced slumbers after getting drunk at the Chancellor's Budget report, that after voting Connies to get that Jewish muslim sympathiser Straw out, their reward for their misplaced loyalty is a measly 1% increase for their hard lives of doing feck all and cheap boozing habits in the wee hours of the night while they "blog" to themselves.

No doubt Mosley will regurgitate his anti-semetic how they would have let the club go into administration than let filthy foreigners take control speech in answer to your question and Enoch Penrith will pretend he's just a passer by agreeing with a fellow fan *cough* dingle *couch* and hope no-one notices that the only ones who agree with them are their dingle friends, no doubt going back to their ClaretSad forum to spend another night discussing the Mighty Rovers.

And of course Deluded Dave will make a cameo, using CAPITAL LETTERS hoping that by shouting at the screen someone might reply to him and acknowledge his lonely existence.

you got it spot-on there BB....it is always good to hear both sides of an argument but these (this?) guy totally abuses the right of free speech and is unable to hold any commonsense or reasonable discussion.

BAXENDEN-ROVER wrote:

FCBurnley wrote:
Sounds like the Chickens are coming home to roost boys !

So who will you support when Rovers go bust ?

As you are all glory hunters I guess it will be City or United.

Glory hunters!

Get a grip...

We won the league 17+ years ago, also what if you were born after 1995? Can you not support them?

Typical Burnley fan, living in the past.. Still harping on about past glories of the 60's & 70's... Although you probably weren't born then.. Also in your twisted logic surely that makes older Burnley fans glory hunters too? Hmm.. Boring....

Where exactly did I mention the past ? Hmmm you should change your name to Fantasy Rover

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

stop talking bo!!ocks...Rovers were relegated following a last day escape the previous season...Venky's did SFA apart from bullsh!t in the period(s)...
The Club will, it seems, at the moment find it difficult to go up on an established promotion place...New signings will probably be neede(Venky's have already blocked a move for a Stoke forward-on loan as they refused to pay his wages)....Perhaps, you should write this type of Venky comment till February at least when we will see what their made of...(More bullsh!t I expect while the club suffers)

owd nick wrote:
The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

Hmm....State Bank of India- total assets 359 billion$

Barclays.....total assets 1.564 trillion£

In football terms Barclays = Real Madrid ......SB of India =Accrington Stanley....who r they!

Charlie Austin Buyout clause = £2 million :0)

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all. For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible. None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives. We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are. I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that. Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway. RTID.

Agree with the point Venkys have done nothing untoward. Conspiracy and ghost ownership theories are nonsense. They have made business decisions, it's just they have all been bad ones in the context of running a football club.

The accounts are interesting, well, kind of. Why is the club still £24.5m in debt? I thought they made a commitment to reduce this substantially; notably by the £10m Barclays said Venkys had agreed? When Paul Hunt's e-mail was leaked earlier this year (which caused him to be sacked), didn't he say the bank were demanding this payment, as Venkys had promised? Suddenly we go to the BoI and hey presto, the debt remains.

It is all well and good showing a profit, but at what cost? These savings combined with incompetent management of the club and team have cost £25m at a stroke. Next year that will increase to £50m+ with the new TV deal for the Prem. unless you think we'll get promoted this year, which is highly unlikely. Let's hope we do because a £4.3m profit kind of pales into insignificance otherwise. And to anyone who thinks the parachute money will bale the club out - £4.3m profit with about £40m TV income AND player sales of £14.1m. TV income will be down around £25m and have we sold more than we have bought this year? Maybe, just, but certainly not by £14.1m. Do the maths.

Of course there is always the risk you might get relegated; however it is different when everyone can see it as an inevitability from a very early stage of the season and the owners do nothing except cost cut. That's one of the business decisions they took, to economise rather than speculate to accumulate. It didn't work, end of.

As for Venkys committing to continue funding the club; let's hope so, because they will need to. We're running out of players whose sales will fund the massive loss they will probably incur this year. And I don't particularly put much faith in them honouring any commitments they may make; they made about half a dozen "commitments" when making their offer to buy the club initially but have kept none of them, not one, zero, the square root of f@ck all.

whappen wrote:

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all. For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible. None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives. We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are. I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that. Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway. RTID.

Agree with the point Venkys have done nothing untoward. Conspiracy and ghost ownership theories are nonsense. They have made business decisions, it's just they have all been bad ones in the context of running a football club.

The accounts are interesting, well, kind of. Why is the club still £24.5m in debt? I thought they made a commitment to reduce this substantially; notably by the £10m Barclays said Venkys had agreed? When Paul Hunt's e-mail was leaked earlier this year (which caused him to be sacked), didn't he say the bank were demanding this payment, as Venkys had promised? Suddenly we go to the BoI and hey presto, the debt remains.

It is all well and good showing a profit, but at what cost? These savings combined with incompetent management of the club and team have cost £25m at a stroke. Next year that will increase to £50m+ with the new TV deal for the Prem. unless you think we'll get promoted this year, which is highly unlikely. Let's hope we do because a £4.3m profit kind of pales into insignificance otherwise. And to anyone who thinks the parachute money will bale the club out - £4.3m profit with about £40m TV income AND player sales of £14.1m. TV income will be down around £25m and have we sold more than we have bought this year? Maybe, just, but certainly not by £14.1m. Do the maths.

Of course there is always the risk you might get relegated; however it is different when everyone can see it as an inevitability from a very early stage of the season and the owners do nothing except cost cut. That's one of the business decisions they took, to economise rather than speculate to accumulate. It didn't work, end of.

As for Venkys committing to continue funding the club; let's hope so, because they will need to. We're running out of players whose sales will fund the massive loss they will probably incur this year. And I don't particularly put much faith in them honouring any commitments they may make; they made about half a dozen "commitments" when making their offer to buy the club initially but have kept none of them, not one, zero, the square root of f@ck all.

And now that they have sold off the 'Family Silver', Rhodes excepted, what next ? Are they suddenly going to start pulling money out of their pockets ? I doubt it. It hasn't been in their nature.
Roll on the transfer window and we will soon see.

owd nick wrote:
The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

Dear me. Defending Venky's? I never thought I'd see the day. Good for you son.

Fan@clared wrote:

1952 rover wrote:
Cant wait to see the Dingles accounts then what will Fletcher have to say. Debts and more debts.

Do you not read?. Accounts are out and look good - Very good. On the way up pal. I've worked with Indian companies for many years believe me they won't put anything in. They just will not countenance a loss at all.

Well they have countenanced a lot of losses since they arrived....how many games have we not won?

fanny_tickler. wrote:

owd nick wrote:
The State Bank of India can trace its origins back to 1806, I have just had a quick browse of the website which includes its unaudited accounts up to September 2012.

It would pay to remember that it is the national bank of one of the fastest growing economies in the world.

Venky's are Indian, they were attempting to trade with Barkleys in this country, raise funds I believe, in a recession when all British banks were clawing in money left right and centre just to survive.

So they transferred the ownership of the "business" to the state bank of a country that wasn't in recession.

In their position what would the naysayers do?

Dear me. Defending Venky's? I never thought I'd see the day. Good for you son.

Actually I was just pointing out that the State Bank of India isn't based in a mud hut as some on here would have us believe.

From the rumours and speculation flying around at the time Barkleys where playing Mr Nasty Banker, I am only commenting that Venky's did what I would do faced with that situation, switch to a better bank that wasn't screwing the life out if me.

For all their lack of understanding of how football "works" in this country Venky's are not idiots, they are actually successful millionaire business people.

I suspect they have learned some hard lessons over the last couple of years.

French Rover - free speech, you dont know the meaning of it and as for your mate Blue Blooded - there's obviously only one chap on here with a lonely existance and thats him with the number of posts he makes!!
OUT WITH SHAW AGNEW SINGH BLACK HENDRY VENKEYS

another caps lock nutter I see....

roverinmanchstr wrote:

blueblooded wrote:
I hope this serves to shut the naysayers and doom mongers once and for all.

For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible.

None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives.

We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are.

I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that.

Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway.

RTID.

stop talking bo!!ocks...Rovers were relegated following a last day escape the previous season...Venky's did SFA apart from bullsh!t in the period(s)...
The Club will, it seems, at the moment find it difficult to go up on an established promotion place...New signings will probably be neede(Venky's have already blocked a move for a Stoke forward-on loan as they refused to pay his wages)....Perhaps, you should write this type of Venky comment till February at least when we will see what their made of...(More bullsh!t I expect while the club suffers)

Well you'll be ok, you can just switch your allegiance to one of your local clubs.. you wont be the first.. and unlikely the last.

blueblooded wrote:

roverinmanchstr wrote:

blueblooded wrote: I hope this serves to shut the naysayers and doom mongers once and for all. For all the things that could have and can go wrong with our beloved club, only a dingle would contiue to keep dreaming of its ultimate demise in the worst scenario possible. None of us asked or wished for Venky's or even foreign ownership, but its where we are today and what we have to get used to so its better for the club and the team that we ignore the politics of big business and get behind our players and show some SUPPORT rather than sit on the internet contemplating eventual doom and gloom and conspiring to get everyone else involved in your little world of science fiction and folk lore extremeties and doubt over peoples personal lives. We wanted Kean out - we got Kean OUT - the details are by large irrelevant, he's gone. There's a new manager and a new chapter to be written, and only the most dubious can fail to see that the improvements - contrary to how they have translated to the points on the board, important as they are. I've said it countless times before and i stand by what I say, the hatred for Venky's ownership and the subsequent witch hunt to find wrong doing has to stop. Nothing has been proven beyond the usual greedy agents and go-betweens making a nice juicy profit - it makes interesting reading if anyone cares, but beyond the fabrication and dramatising for effect of certain articles, posts and book, theres little to show that Venkys or anyone involved have done anything unusual that isnt done in normal business that they can be held to account for, beyond an enormous amount of naivety bordering on stupidiy of trusting the likes of certain go-betweens rather than doing their own research what is required to run a football club - a premiership club at that. Time to move on and get behind the team. Question by all means, its right to do so, but do it in the right channels instead of annoying everyone on these articles who just want to discuss football and could not provide answers that you seek anyway. RTID.

stop talking bo!!ocks...Rovers were relegated following a last day escape the previous season...Venky's did SFA apart from bullsh!t in the period(s)... The Club will, it seems, at the moment find it difficult to go up on an established promotion place...New signings will probably be neede(Venky's have already blocked a move for a Stoke forward-on loan as they refused to pay his wages)....Perhaps, you should write this type of Venky comment till February at least when we will see what their made of...(More bullsh!t I expect while the club suffers)

Well you'll be ok, you can just switch your allegiance to one of your local clubs.. you wont be the first.. and unlikely the last.

What !!! If anything I prefer to go To watch Gary Flitcrofts Chorley...
What an utter stupid reply

10 million for Dann & Goodwillie.

apalled at the organisation on the field tonight, only player who knew what he was doing was Left Centre Back for Rovers - he was big but watching and ordering about and I will make him Captain - Rovers goal was how it should be for 90 minutes

the fans will flock back and money will not be a problem for anyone in Blackburn with Darwen - you all would be better off getting the condom machine removed from the Postal Order Gents

apalled at the organisation on the field tonight, only player who knew what he was doing was Left Centre Back for Rovers - he was big but watching and ordering about and I will make him Captain - Rovers goal was how it should be for 90 minutes

the fans will flock back and money will not be a problem for anyone in Blackburn with Darwen - you all would be better off getting the condom machine removed from the Postal Order Gents