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Rovers Takeover


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#1981 RibbleValleyRover

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Posted 26 October 2010 - 20:48 PM

Having said this, surely financial backing would be one of the main stipulation as part of the terms of the Trust?


Only the trust know what has to be met for a sale (if there is anything). Let's say this turns out to be true that they don't have much money and that they are borrowing to pay for the club. Then what does that say about Shah's and Syed's bids?

Some of these figures and quotes surely just can't be right?

Edited by RibbleValleyRover, 26 October 2010 - 20:49 PM.


#1982 ada2020

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Posted 26 October 2010 - 20:48 PM

Concerned, very much so!

I hope the trust has not sold us down the river, while it is only one article that mentions the deal being financed by bank, as stated earlier none of the other articles really go into much detail beyond stating the money is being provided by the promoter.

I said from the off that this lot did not sit well with me, a little of what has emerged so far today is going a long way to confirming those concerns.

The club itself could generate the sort of transfer budget they mention through savings in wages next summer.

What the heck does leasing a player mean, we are going for loans?? Is this situation and the lack of transfer funds familiar to others on here?

Guess I will have to wait and see what happens, I would be very, very happy to be proven wrong about this lot.

#1983 ada2020

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Posted 26 October 2010 - 20:52 PM

If £5m is "all" we can hope to get out of a takeover, then I'm worried too. It suggests they are not in touch with the kind of money required to maintain a Premier League club. Having said this, surely financial backing would be one of the main stipulation as part of the terms of the Trust?

I can also now understand Sam's comments about the new owner need to know exactly what they are getting in to...


I would have hoped so to, but how far can someone dictate to another how they should spend their money?

As I said before, I think we find ourselves in a like for like sale as far as funding for the club goes, possibly worse off if the money to fund the purchase has been borrowed.

Edited by ada2020, 26 October 2010 - 20:53 PM.


#1984 Fraserkirky

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Posted 26 October 2010 - 20:52 PM

okay now im scared 5million?Bank loans. HELP Mr SYED! After smuggishly laughing all day at spankster doom and gloom posts about the company's worth, he turns out to be right.. Where is Nicko?

#1985 unclejack28

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Posted 26 October 2010 - 20:54 PM

It is important to note: The trust has chosen this group over Syed and Shah so surely they have done more to convince them about plans. We all knew Syeds plans as he stated them publicly so if they went to the trust and said we will invest 5 million pounds each transfer window compared to Syeds 100m over 5 years and the trust still chose them im sure there is more to it.

Also Mrs Desai is one of the richest females in India therefore they have a plan im sure and for now i think stability is best we can ask for id settle for that over citys spending millions.

#1986 S60tti_BRFC

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Posted 26 October 2010 - 20:57 PM

Syed must have entailed lots of problems for the trusts requirements if they see the VH group as the way to take us forward... At this moment, i must say that the Syed Bid sounded alot more professional and he could certiainly talk the talk, however cud he of walked the walk... I just wish we could know alot more about both bids...

#1987 Mattyblue

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Posted 26 October 2010 - 20:58 PM

After everything that has gone on in football over the last 12 months, how is a takeover funded by loans even being given the time of day by the Trust??

I will reserve judgement till things become a little clearer.

Phil ain't the only one swearing at his computer screen.

#1988 Amarillo

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Posted 26 October 2010 - 21:00 PM

Perhaps it would be wise to wait and see before we start drawing our own conclusions? Sheesh. The slightest discrepancy and it's like kicking a hornet's nest on here.

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#1989 JohnD

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Posted 26 October 2010 - 21:04 PM

All these posts and continued hysteria and we still don't know ANY of the FACTS of this takeover. It is bloody funny to read though :D

#1990 Billy Castell

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Posted 26 October 2010 - 21:07 PM

I'm still blindly optimistic. Who knows all the details here? Not me. Their plan may be much more sound than what little we know/can estimate.
1. Remove Jerome Anderson and Steve Kean.
2. Venkys should sell up and go.
3. Bring in a decent manager.

#1991 Tom M

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Posted 26 October 2010 - 21:09 PM

I'm confused, everyone is having a meltdown is it confirmed that they are funding it with a loan and have no money or pure speculation?

The club aren't stupid and I'm sure will have looked into the future of the club
Around here, however, we don't look backwards for very long.

We keep moving forward, opening up new doors and doing new things, because we're curious.....And curiosity keeps leading us down new paths.

Walt Disney

#1992 Balwer

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Posted 26 October 2010 - 21:10 PM

http://timesofindia....how/6818082.cms

A bit more detail from Ms Densai in the India Times.

No mention of debt funding, talks about promoting the VH Group's vaccines in the country. For what it's worth, the entire group (VH) is valued here at around 550m sterling, not sure what the methodology of that is however.

Edited by Balwer, 26 October 2010 - 21:11 PM.

Arte et labore

#1993 67splitscreen

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Posted 26 October 2010 - 21:10 PM

Also Mrs Desai is one of the richest females in India therefore they have a plan im sure and for now i think stability is best we can ask for id settle for that over citys spending millions.

So many people keep saying this, problem is that she is not recognised as such by Forbes or any other listings.
Priyamvada Birla is Number nine on this list 44m, which does not include Savitri Jindal, for some reason at $14,4b

Top ten ish.
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#1994 tashor

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Posted 26 October 2010 - 21:15 PM

Being in the English Premier League is our main asset.

Allowing players to be able to show that they can succeed here and so attract the big boys can both allow us to have highly motivated players able to sustain a mid table club at the high table and to generate the funds we need by selling off at a profit the best of them.

If the club does not own the players then I am deeply concerned that this can work. Who is really going to take the profits here.

If we do not know the precise modus operendi of our next owners then we can but fear for the future and hope the present trust can justify their stewardship of Jack's legacy. Some of the recent comments by different people involved in the latest bid worry me and hopefully they are not going to be directly involved in running Rovers.

Religious or not we can but pray......

#1995 rog of the rovers

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Posted 26 October 2010 - 21:15 PM

Typical of this messageboard......Something is happening an therefore it must be bad!

Go ahead and create AFC Blackburn if your that annoyed.

If Syed was as good as he sounded he would be buying the club. He's had three months to come up with the cash, he obviously hasn't got it.

The way I see it:

If we don't take any investment we're on a hiding to nothing, we can't keep pulling rabbits out of the hat and scraping the French lower league barrel.

If we do take the investment it may be bad, but then again it may be the best move we ever make.

Stick or twist guys and gals, buckle yourself in and enjoy the ride.

Money or no money I am and always will be a Proud Rover :rover:

Grounds Visited - Ewood Park, Reebok, Goodison, Old Trafford, Eastlands, Riverside, Britannia, Stadium of Light, Hawthorns, DW, Bloomfield Rd, Turf Moor, Ricoh, Deepdale, Molyneaux, Galpharm, Elland Rd, King Power, Spotland, Globe, Pride, Keep Moat, City Gd. (23/92 and counting) Extras - Old Wembley, Millennium, Highbury, Filbert St, Edgeley Park, Moss Rose.


#1996 USRoverME

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Posted 26 October 2010 - 21:17 PM

Venky Little!
Sky is Falling!
WOLF!
(and I'm adding someone else's comntribution)
WITCH! (but don't burn the chicken, please)
I hate pointless signatures.

#1997 Balwer

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Posted 26 October 2010 - 21:19 PM

We could do with an update from nicko or Kamy, we're all running around like headless.....
Arte et labore

#1998 Mattyblue

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Posted 26 October 2010 - 21:20 PM

Typical of this messageboard......Something is happening an therefore it must be bad!

Go ahead and create AFC Blackburn if your that annoyed.

If Syed was as good as he sounded he would be buying the club. He's had three months to come up with the cash, he obviously hasn't got it.

The way I see it:

If we don't take any investment we're on a hiding to nothing, we can't keep pulling rabbits out of the hat and scraping the French lower league barrel.

If we do take the investment it may be bad, but then again it may be the best move we ever make.

Stick or twist guys and gals, buckle yourself in and enjoy the ride.

Money or no money I am and always will be a Proud Rover :rover:


Most people on here would agree that we HAVE to have new owners if we are to stay in the top flight, however leveraged takeovers do not usually have a Fairy Godmother pulling the strings.

But, who knows what tommorrow will bring... WARNING, this thread can seriously damage your health.

#1999 Tim Southampton Rover

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Posted 26 October 2010 - 21:25 PM

I'm all for the takeover. Whether they're heavily minted or not. They've got exciting plans for the club and at the moment our current plans aren't exciting.

Whether it's a rollercoaster ride or a tea cup ride....I am in the queue and ready to go on it.




The nice and pleasant tea cup ride has broken down.

All aboard the rollercoaster ride. It leaves in 5-10 days.
Tugay's Blue and White Army

#2000 Amarillo

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Posted 26 October 2010 - 21:28 PM

Just had a txt from a Sikh friend re: the takeover -

Lol, ur club is screwed, indians r the dodgiest ppl in the world u should knw that by now



Say it isn't so!? :(

Edited by Topman, 26 October 2010 - 21:28 PM.

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