Premier League cash windfall makes life tougher for Blackburn Rovers, sayd Rathbone (From Lancashire Telegraph)

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  fickle fan wrote:
  

  samsno2millfan wrote:

  fickle fan wrote:

  samsno2millfan wrote:

  fickle fan wrote:

  ossyrover1 wrote:

  fickle fan wrote:

  ossyrover1 wrote:

  fickle fan wrote:

  roverfor60years wrote: Wrap it up alfa111 and fickle fan - it's garbage and tedious

  Which bit of what I have said is garbage. please quote.! also roverfor60years wrote: If Venky’s carry on as they have been doing, they will soon be counting their losses not their savings and profits please describe what profit they have so far made from the club. not just a random statement they have made profits. also have a comment about who made a lot of money from the sale of BRFC

  are you agnew by any chance

  are you agnew by any chance rather than say something silly why not explain how venkys have made a profit

  whats silly about it. i asked you a question. i'll ask again are you agnew ?. and by the way i didnt say anything about venky's.

  It is silly because rather than comment on the facts you somehow try to pretend that I must be connected people who are running the club. I didn,t at any time suggest you said anything about the Venkys read my comment carefully I just asked a question, which still remains unanswered. So to repeat my post. "rather than say something silly why not explain how venkys have made a profit"

  This year's accounts will make interesting reading - not something you'd hear many football supporters saying. The player sales and comparative lack of investment in replacements - Desperate was the only significant outlay -should have helped them break even this year at least. The drastic cost cutting exercise throughout the season suggests they made a bigger **** up of it than in the first ten months of their tenure when losses increased by 900+% to almost £19m I maintain they have suddenly realised this football lark is an expensive and non-profit making business. They are afraid, quite rightly, they could lose a shed load of money. The potential for this to spiral out of control has increased dramatically with relegation and a 60-70% drop in income. Staying up on the cheap was never going to happen - they should have realised that after the narrow squeek with relegation the previous year. But did they? No. They were not prepared to throw what they would consider good money after bad in a high risk policy to maintain the PL income; especially when they still see the club losing money, even in the PL. So, what do you do? If you're not prepared to speculate to accumulate, the only way forward is to reduce costs, chief amongst which is staff. It's pretty obvious Paul Hunt was not sacked for "financial reasons" as was claimed, more in a fit of pique following his damning letter, but it was a handy bonus. Saying they want to keep the squad together is the equivalent to a marketing ploy. They will welcome the reductions in the wage bill from the highest earning players jumping ship. They can always stand by their claim whilst blaming it on the player(s) insisting they play at the highest level or it being pointless keeping an unhappy player; the usual garbage. I can't see the logic in the accusation they are in it to run off with the parachute payments. How does reducing the possible amount to run off with by 60-70% - that's 60-70% of a far greater amount with the new TV deal - constitute being a good idea? They are just trying to avoid losing money. The total ineptitude they have shown has resulted in them having more reason to be worried - or "confused" as they would call it. The figures would appear to be suggesting the losses have not decreased and the fire sale, combined with the culling of the staff, is well under way. It is amazing they have presided over an unmittigated disaster using this corner shop, fingers crossed policy only to maintain and expand on it. Shebby Singh for god's sake, Hendry if he turns up - legend whilst a player he may be but there are too many reasons not to sign him - principally football but plenty of baggage as well, Agnew of course, 7th Dan as ground manager and a cut price secretary, no doubt. I fancy those hoping we get out of the Championship may have their wish granted.

  Whilst the accounts may or may not show as you suggest a break even, it would be still be long way from showing profits when you take into consideration the capital outlay on purchasing the club which had an outstanding liability of the overdraft. To realize a profit , the club would have to be sold at a price that would exceed outlay + ongoing p&l or take money out of the club on an annual basis similar to what has happened at Blackpool, as over 20m was re invested in new players and action appears to have been taken to service the overdraft it is hard to see how any profit on investment has been made.

  I think that's what I was saying; despite their policies, the books will NOT show a profit - quite the opposite. They have realised that and are cutting any cost possible. Making a profit is not their priority; it would be totally unrealistic, even they will know that by now. The are concentrating on minimising losses.

  How would at any time from when Venkys looked at buying the club would it have been realistic to achieve a profit in the short term, Due diligence would have been carried out but nobody can give a value of a player an rely on the valuation to achieve profit. Players values continually change 3 in mind at rovers over the period of the sale are Junior, grella & jones Junior wasnt in the team and looked to be on his way out even over the last year a value cannot be put on him because of his contract. Grella was in training at times so his value could only be judged if he had played, and jones despite having a get out clause would only be worth what sum one was prepared to pay, he also picked up a long term injury. My point to all this is whilst there is ongoing claims of they have made profits or the only thing they came to do is make a fast buck I can`t see or haven`t seen a realistic suggestion on how with the money needed to invest in a club could give them profits. Another point to look at when somebody buys a football club is that the money they use could have been invested elsewhere where returns are safe so when you add what they have spent at BRFC they will probably loose 3 to 4m pa on the money tied up so if they own the club for 3 years that loss would have to be recouped before they have a profit, It was well documented that it took some time to find a buyer for the Walker trust , so I am very interested in how a profit is possible

  For f@cks sake! I am agreeing with you!
  
  They were never particularly looking to make a profit.
  
  If you recall they said they thought a £3-5m annual input would keep the club going - hardly a statement to make you think they were anticipating MAKING money.
  
  No matter what we may think, looking at the previous years' figures, that is not as unrealistic a figure as it may have seemed. Of course, it would rely on responsible and capable management of the club; something which was in place but which they destroyed within a matter of weeks.
  
  The problem would seem to be, to me, they saw losses sky rocket by £16.5m in the space of 10 months and panicked.
  
  They are now desperately trying to avoid LOSING money NOT, and I repeat, just to make it clear, NOT, make money.
  
  Sheesh!"
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