Greeks fall short of Formica asking price as Flamengo join the race (From Lancashire Telegraph)
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Greeks fall short of Formica asking price as Flamengo join the race
9:29am Tuesday 24th January 2012 in Football
By Andy Cryer, Blackburn Rovers reporter
BLACKBURN Rovers are asking for at least £3.5million for Argentine playmaker Mauro Formica – with Olympiakos’ attempts to get the 23-year-old on the cheap set for failure.
The Greek giants are understood to be ready to pay Rovers £2.5million for him in the summer, first taking him on loan until the end of the season.
Brazilian outfit Flamengo also yesterday joined the race for the in-demand Formica and are ready to attempt to sign him permanently now.
It is believed that Olympiakos want to pay Rovers £400,000 now as a loan fee for Formica.
It is also understood that Rovers wanted it in writing that Olympiakos would make it a permanent switch in the summer should the club suffer Premier League relegation.
Sources close to Olympiakos have confirmed negotiations have started between the clubs but Formica would only be allowed to speak to them once a deal in principle was agreed.
Formica arrived at Ewood Park from Argentinian club Newell’s Old Boys for £3.5m in January 2011 and, after a slow start, has established himself as a regular in the first team squad.
The player has made more appearances than anyone else in Rovers’ squad this season but, with Steve Kean’s transfer budget severely limited this month, Formica’s sale could provide more scope for adding significant signings.
Rovers boss Kean would be reluctant to allow any of his current squad depart Ewood Park this month as he continues his attempts to add a midfielder and full back before the transfer window shuts.
Formica was reported by media in Argentina last month as stating his desire to quit Ewood Park and return home to be closer to one of his daughters.
A move to Greece would not help with that but, with his brother Lautaro playing in the Greek Superleague at Asteras Tripolis, sources close to Formica have indicated he would be interested in the move.
Rovers though would demand getting their money back having seen the player grow in confidence in the Premier League over the past few months.
He has spent the last couple of games on the substitutes bench but, scoring in a second half cameo against Fulham, has proved a valuable squad member.
It is understood Olympiakos were still some way off meeting Rovers’ demands last night as the midfielder’s future continues to hang in the balance.
Rovers will continue their attempts this week to bolster their squad ahead of the closing of the transfer window next Tuesday, with a centre midfielder and a right back a priority.
Venky’s Brazilian fixer Joao Souza will be in England until the transfer window closes to help efforts to strengthen, although linked midfielder Richarlyson, from Atletico Mineiro, is unlikely to sign.
Comments are closed on this article.

Comments (92)
9:37am Tue 24 Jan 12
gudari says...
9:38am Tue 24 Jan 12
saint.george says...
9:38am Tue 24 Jan 12
Russ ov the rovers says...
I give up trying to understand second guess the logic at times at BRFC.
9:38am Tue 24 Jan 12
thresholdweller says...
9:40am Tue 24 Jan 12
Russ ov the rovers says...
VENKYS OUT
9:40am Tue 24 Jan 12
A Darener says...
10:00am Tue 24 Jan 12
malbymalby says...
VENKYS OUT!
10:03am Tue 24 Jan 12
ChrisSutton says...
Don't sell Formica, he's one of the few good, deserving members of our squad. If he continues to develop he could be in our midfield for years. Great technical ability and finally starting to adjust to the Prem.
VENKYS = LIARS
10:04am Tue 24 Jan 12
Gaz M says...
10:25am Tue 24 Jan 12
RobbyRover says...
Here's this happy camp we're always being told about! The "family club" as Dunny agrees we used to be.
I wonder who the agent would be, should Formica move for the second time in just over 12 months...?
As Russ says we'd be better off getting rid of Roberts, Grella, Goulon etc.
And as for wanting to be near his brother - remember when we signed Julio Santa Cruz to persuade Roque to stay? Could try that again? Oh no wait...
10:26am Tue 24 Jan 12
hasslem hasslem says...
.
Seems barmy to me that we (supposedly) paid £3.5m for him (and no doubt some lovely juicy agent's fee) and now we are looking to get rid of him for £3.5m.
.
So, we bought a player with potential for £3.5m and slowly he has developed into a half decent player and regular in the team and now he is worth what we bought him for twelve months earlier.....summat don't add up....no doubt summat to do with player ownership/registrati
on in a joorabchim style tevez/macherano type deal.
10:30am Tue 24 Jan 12
fitz808 says...
10:31am Tue 24 Jan 12
fitz808 says...
10:32am Tue 24 Jan 12
hasslem hasslem says...
.
are there "dark forces" at play at the emirates? - personally, i think it would be good if supporters actually got behind their team, or are they not true supporters?
.
just thinking.
10:44am Tue 24 Jan 12
Tuo Neak says...
10:45am Tue 24 Jan 12
fitz808 says...
all things considered, it's probably the case that both sets of fans have a point, but should perhaps temper their protest with a bit of realism. whilst the press should try not to cause such a deliberate stir. then again, that doesn't sell newspapers, does it.
not wanting to get all philosophical about it, but it's all becomming a bit of a pantomime nowadays. :)
10:45am Tue 24 Jan 12
Billypieman says...
10:48am Tue 24 Jan 12
vic56 says...
Tick tock tick tock!
in January-
W D L goals F A
1 1 2 6 6
Transfers in- 1(loan) £0
Transfers out- 0 £0
Assistant managers- -1/+1
Tick tock tick tock!
Certainly hit the ground running this transfer window- 4 established players in already!
Still we can't be relegated!
10:57am Tue 24 Jan 12
oreilly21 says...
it defies logic allowing him to leave in january when h is a regular first team player that probably not on anywhere close to the wage of Roberts or Grella!!
10:59am Tue 24 Jan 12
Tuo Neak says...
11:25am Tue 24 Jan 12
Dukes says...
11:40am Tue 24 Jan 12
ChrisSutton says...
11:46am Tue 24 Jan 12
ChrisSutton says...
"They're not real fans"
"How dare they 'abuse' their manager that way" (er, abuse? 'Kean out')
"They should support the team and the manager. Who knows what may happen if they get behind him?"
" fans are the worst in football"
"I've never in all my life seen such abuse of a manager"
"What do want exactly? Do they expect to win the league? Lolz!"
"I hope that succeeds now and shoves it in the faces of all the fans who have never supported him".
Have I missed any?
Oh, wait. None of this will apply to the Arsenal fans I guess? Silly me. I should have remembered, all the scousers got a free pass to. For their GENUINELY out of order Roy Hodgson abuse after THREE GAMES.
Yep. "You'll Never Walk Alone.."
... Unless you're Roy Hodgson.
But hey, us Rovers fans are the worst fans in football right. "Kean out". I mean, wow, who ever criticises a manager for 5 wins in 31 (or whatever the terrible record was at the time).
12:10pm Tue 24 Jan 12
alfa111 says...
12:23pm Tue 24 Jan 12
Whitehall Rover says...
12:48pm Tue 24 Jan 12
harwoodblue says...
Then i looked the player up on Wiki, dont think i can explain what it says about the player on this forum without getting into trouble. But lets just say that if Rovers want to change peoples opinions of the club being a joke buying a big gay brazilian isnt the way to go.
12:49pm Tue 24 Jan 12
eddie the eagle says...
12:53pm Tue 24 Jan 12
Road Runner Road Runner says...
Arte et labore
12:59pm Tue 24 Jan 12
alfa111 says...
ing i have asked far i have been given in the transfer market Venkys have always delivered, the re-signing of players and transfer money has always been delivered.
1:01pm Tue 24 Jan 12
dangerous dave says...
Kean should get shut of the likes of Roberts - Anderson and co even if its just getting them off the Wage Bill then he can go out and get some more poor 'freebies' which is more his scene - the unkowns of the game!!!!!!!
Yes yet again his mouth has run riot with telling us about players he wpould be signing as he said 'hitting the ground' early January - what a Joke!!!
And out of interest Mr Kean has'nty said much in support of his mate Rednapp appearing in court for tax ivasion and back handers - I wonder why!!!
1:02pm Tue 24 Jan 12
thresholdweller says...
I'm not sure that the Venkys are taking loads from the club, but neither are they providing investment. The Indian article points to folk who do not understand English football, who came up with a business model which has so far not worked and who now are doing nothing because they don't know what else to do.
The best plan at present seems to be hoping that no offers come in for the team players and then carrying on in Feb with what we've got.
1:28pm Tue 24 Jan 12
dadsez says...
Venkys Out.Venkys Out.Venkys Out.
1:45pm Tue 24 Jan 12
MORTEN GAMST 84 says...
1:51pm Tue 24 Jan 12
alfa111 says...
1:54pm Tue 24 Jan 12
alfa111 says...
1:55pm Tue 24 Jan 12
ChrisSutton says...
If we're selling him for the same price as we bought him, less then a season after, then it doesn't take a rocket scientist to work out someone's making a few bob out of this.
And where is Kean's "not for sale" statement? He clearly rates Formica as he's our most featured player this season. All very very suspicious IMO.
2:07pm Tue 24 Jan 12
MxMave says...
It beggars belief. It really does.
As for Formica being sold... Lost for words... him and Yak are the only decent signings Kean has brought in.
2:11pm Tue 24 Jan 12
AnimalReid says...
...
Is the LET not surprised by this move? Does the LET not feel compelled to ask the same questions all the posters on here are asking? Cos if all this is true - WHY?
2:21pm Tue 24 Jan 12
saint.george says...
2:58pm Tue 24 Jan 12
thresholdweller says...
3:00pm Tue 24 Jan 12
bburnrover says...
3:22pm Tue 24 Jan 12
BeatleBill says...
3:24pm Tue 24 Jan 12
midas says...
.
£3.5m for a midfileld squad player in a bottom 3 team is about right.
3:34pm Tue 24 Jan 12
alfa111 says...
SK has already stated himself by the way that venkys have delivered all there promises and everything he has asked from them they venkys have given it to him they have kept there promise to back him up in transfers and in re-signings he wanted to stay? from the India Press sportal india19/11/2011. Kean Fearcely defends Venkys ltd Yep keans going nowere he will lie till the cows come home for 1.5mill
4:04pm Tue 24 Jan 12
CARover says...
Daily the owners, manager and advisors cement the ideal that they do not know what they are doing and have not a clue which way is up.. even if they so **** bubbles in a bath tub, they still would not know!!!
4:07pm Tue 24 Jan 12
thresholdweller says...
As for the team, they still seem to be playing for him and, though it is a slim chance, our best chance of staying up seems to be with him.
4:12pm Tue 24 Jan 12
garyintandem says...
Robbo
AN Other
Samba
Dann
Givet
Lowe
Nzonzi
Pedersen/Dunn
Olson
Hoilett
Yak.
That team will keep us up
COYB
4:31pm Tue 24 Jan 12
noddymcleod says...
Yet another sign that despite reassurances, Rovers are a selling club.
Venkys are selling up to get some readies.
No Arab or Russian is going to buy Rovers, and apart from the nostalgia of owning a founding member of the FL, Reading is a better economic bet than Blackburn. Bigger town, nearer London for the daytripper journos and media hacks, higher individual spending power in tht town.
Dream on.
Let´s get serious about discussing the community and fans owned club for when Rovers go bust.
4:31pm Tue 24 Jan 12
noddymcleod says...
Yet another sign that despite reassurances, Rovers are a selling club.
Venkys are selling up to get some readies.
No Arab or Russian is going to buy Rovers, and apart from the nostalgia of owning a founding member of the FL, Reading is a better economic bet than Blackburn. Bigger town, nearer London for the daytripper journos and media hacks, higher individual spending power in tht town.
Dream on.
Let´s get serious about discussing the community and fans owned club for when Rovers go bust.
4:34pm Tue 24 Jan 12
awh says...
http://www.ipetition
s.com/petition/venky
s-out/
4:37pm Tue 24 Jan 12
awh says...
http://www.ipetition
s.com/petition/venky
s-out/
5:08pm Tue 24 Jan 12
Morst The 88th Min Heartbreaker of Dingles! says...
.
But BAZZER must be amazed to see last seasons DVD is now only £2.99 - surely fans would pay more than this to watch BS hoofball to November?
.
Now we are willing to sell Formica because we need the cash and so a loan is not an option unless they gaurantee to take him if we are relegated? - what sort of clause or business plan is that?
.
Venkys - the last two times we were in trouble in Jan we invested in Andy Cole and Diouf and survived. There's a clue there - unless of course it seems you have the same confidence in the manager as we have = 0%? So change him?
.
33rd........
5:17pm Tue 24 Jan 12
Morst The 88th Min Heartbreaker of Dingles! says...
.
Oh well its worth remembering that Keans record in the last 13 games is still only a win % of 23% and knocked out of two cups. In the last 5 games its still less than John Colemans in 12 years at Accy Stanley and he had to sell sell sell!
.
33rd.........
6:02pm Tue 24 Jan 12
RTID_norway says...
s.com/petition/venky
s-out/
6:13pm Tue 24 Jan 12
alfa111 says...
6:13pm Tue 24 Jan 12
alfa111 says...
6:24pm Tue 24 Jan 12
alfa111 says...
6:26pm Tue 24 Jan 12
alfa111 says...
7:11pm Tue 24 Jan 12
whittaker0 says...
7:11pm Tue 24 Jan 12
whittaker0 says...
7:12pm Tue 24 Jan 12
whittaker0 says...
7:13pm Tue 24 Jan 12
whittaker0 says...
7:27pm Tue 24 Jan 12
Billypieman says...
7:48pm Tue 24 Jan 12
GameRoverMan says...
8:08pm Tue 24 Jan 12
Shearer says...
Someone should google Venky's lavish parties that they throw every 3 months in Pune. I'm sure that the money spent on one of these parties will be enough to finance one year of Formica's wages!!
8:21pm Tue 24 Jan 12
Shearer says...
line.com/Markets/Com
pany/Fundamentals/Di
rectors-Report/Venky
s-India-Ltd/523261
8:46pm Tue 24 Jan 12
Lancs - pensioner says...
I have the backing of the players,
I have not had a drink officer,
I have spoken to the owners and we will hit the ground running in this transfer window (25th Jan today= 1 loan player)
Samba is injured and unavailable (transfer request day after)
There will be a £5 million transfer kitty in the transfer windows.
Hoilett will sign in the next few days (three months ago)
Robinio will hopefully sign
Raul will hopefully sign
Talking to Beckham
There is a hidden agenda, followed by the letter from our previous board members, which proved all along the Fans where right to protest.
Liars out
Liars out
Liars out
8:47pm Tue 24 Jan 12
johnboy450 says...
8:51pm Tue 24 Jan 12
whittaker0 says...
9:05pm Tue 24 Jan 12
whittaker0 says...
9:07pm Tue 24 Jan 12
roverfor60years says...
Really? For legal purposes I won't call it a lie, I'll just say he was misconceived.
The club are desperately trying, but unlikely, to get back the £3.5 million they paid for him
- to say nothing of the agent's fee.
Well, Mr Anderson, perhaps you can get ‘considerably more’ for Formica – and repay the fat fee that Venkys thought ‘was normal’.
Having said that, Formica has adjusted to the Premier League and is now an asset to the squad. He covers an incredible amount of ground, doubles up in defence, links play – and scores goals.
I, too, am astonished he is for sale and the club are devaluing him by haggling at £2.5million. He should not be for sale – full stop. But certainly nowhere near that price.
9:09pm Tue 24 Jan 12
roverfor60years says...
Really? For legal purposes I won't call it a lie, I'll just say he was misconceived.
The club are desperately trying, but unlikely, to get back the £3.5 million they paid for him
- to say nothing of the agent's fee.
Well, Mr Anderson, perhaps you can get ‘considerably more’ for Formica – and repay the fat fee that Venkys thought ‘was normal’.
Having said that, Formica has adjusted to the Premier League and is now an asset to the squad. He covers an incredible amount of ground, doubles up in defence, links play – and scores goals.
I, too, am astonished he is for sale and the club are devaluing him by haggling at £2.5million. He should not be for sale – full stop. But certainly nowhere near that price.
10:52pm Tue 24 Jan 12
grabbi5 says...
10:52pm Tue 24 Jan 12
bring back the good old days says...
Venkys never in it to spend money.
Taken advice on how to run a club on the cheap.
Got global exposure for their (core) brand on the cheap.
Players, like bank notes are pretty much worthless (to owners and agents) until they move.
Formica is wanted, so him moving makes money (especially for the agent).
On the blocks: Samba.
Grella, Roberts, Rabeiro, Anderson etc. are not. So no money to be made there.
To dispatch would mean paying off, but that means spending money, so its a no-no.
10:58pm Tue 24 Jan 12
riversidefan says...
11:08pm Tue 24 Jan 12
ChrisSutton says...
a) He has very good technical ability (see his goal against Fulham) and has recently started to show some real promise as a PL regular. He's already our most used player this season.
b) He will only get better and is "one for the future" as Kean likes to say. He could potentially be in our midfield for years to come.
and c) why would our sodding asking price be £3.5m? So after paying all of the agents fees to get him we're going to let him go for the SAME price? That's just plain idiotic.
If we're going to sell him at essentially a LOSS after only playing 20ish games for the club. What's the bleeding point of buying him in the first place?
Overall though I just like the lad, and think on a pure football level it's a mistake to let him go when our Premier League lives are at stake. Who we going to replace him with for £3.5m who's any better?
11:34pm Tue 24 Jan 12
grabbi5 says...
11:35pm Tue 24 Jan 12
grabbi5 says...
7:34am Wed 25 Jan 12
noddymcleod says...
Formica is not a player to them, he is a commodity who will be bought and sold without any thought about how that affects Rovers as a team.
Venkys blundered into an ill advised venture, as someone notes above, IF footie is to take off in India, a shrewd business person there would buy into United, Liverpool, Spurs etc.
It's clear Venkys have learnt the lesson and are pulling out, presumably asset-stripping was always a backstop to get the cash back and that's what they are doing. It could still all go belly up with acute cash flow crises which lead to bankruptcy.
As to Harry, he may be affable and a good manager, but he's still ugly face of this quick fix, easy money attitude which is ruining football in this country.
8:52am Wed 25 Jan 12
Supernova531 says...
So what do we do next? We sell him for what we paid for him!
Make no mistake under our sad and pathetic under resourced owners every single player is for sale. The only reason that Samba is still here is that he **** of Mrs The great I am by daring to put in a transfer request, just like we as fans have **** her off by questioning her choice of Steve Kean as Manager, after all she does know much more about the game than any of us!!
9:13am Wed 25 Jan 12
Morst The 88th Min Heartbreaker of Dingles! says...
9:15am Wed 25 Jan 12
Shear_Brilliance says...
9:16am Wed 25 Jan 12
Shear_Brilliance says...
9:17am Wed 25 Jan 12
Shear_Brilliance says...
9:56am Wed 25 Jan 12
Roverthere says...
10:42am Wed 25 Jan 12
Ianwhittam says...
How can any true fans look at what has not happened in this transfer window linked in with kean looking to accept bids for formica without feeling a raging anger that these muppets are killing the club. If the economic times of india are correct, venkys do not use a board of directors, just a general manager who liases directly with insanity head office in india. That being the case kean must be in favour of letting formica go if the right price comes along, we are possibly only keeping samba because outside bids were 'too low'. Where are the much needed players that kean said we were going to get in order to assure premiership survival, he said he was going to play his cards close to his chest.. all he has managed to achieve is developing a resemblance to mr bun the baker. God help the Rovers, because kean and the venkys won't
12:09pm Wed 25 Jan 12
Daniel Louis Grabko says...
We need to concentrate not only on putting pressure on Venkys to get out, but also providing them with an option - and that is where the Blackburn Football Charitable Investment Fund comes in!
Momentum is growing fast for this initiative - read the latest developments!!!!
http://daniellouisgr
abko.wordpress.com
5:34pm Wed 25 Jan 12
lancs1985 says...
brfcactiongroup.org.
uk
BRFC Action Group - Aiming to preserve the legacy of Jack Walker for Blackburn Rovers as the current owners aren't!
Protest march against venky's, indian media are to be there aswell so lets make the venky's suffer and hurt them like they have to are club the scum bags, need everyone on board the more the better,
7pm brown cow, also join the website aswell, for all info on protest so long as you are genuinely against venkys and kean
9:36pm Wed 25 Jan 12
kiwipom73 says...
Of course there is no money....and we are not (of course) going to see all those experienced "bodies" ("player,s" to you average Manager/Coach) Kean as spoken about, arriving early January.
Now selling Formica !! (the brightest light of all the players brought into the club during the Venky saga).
Plus they continue not to speak out about their future involvement with the club....amazing, the saga becomes more silly by the week..a comic opera indeed !!!
8:46am Thu 26 Jan 12
bring back the good old days says...
You have to detatch yourself from the 'supporter mentality' and look at it as a business. Likewise, players are employees (in their minds) and commodities (in Venkys).
Once you do that, it starts to make some sense. It may not be pallitable, to the supporter, but thats reality.
As for Andersons involvement - he's an agent........end of!
5:35pm Mon 30 Jan 12
lancs1985 says...
The venkys are getting seriouse hell over in india now from every buisness because of there lies, they haveing a real hard time and we can only make it worse if big numbers and big banners, the indian media are going to be present at these marchs, so we need to get the point across, its war with them and iv said we will never give up until they are out and thats the truef, lets give them hell and drag there super chickens business down like they have with are club!!!
7pm brown cow livesy branch road
11:00pm Mon 30 Jan 12
RoverInRotterdam says...