WATR (The Rovers Trust)

[lraC]

1 hour ago, 47er said:

Seems to me that they will refuse to sell no matter what and "funding is guaranteed".

Which means the inadequate funding will continue to drag us down and down till there's nowhere to go.
 

 What a prospect the diminishing band of our supporters face.

Absolutely no relief in sight.

 

If they are stopped from funding at all, the club will quickly go into administration.

The expenditure at the minute (some of it a touch mysterious) is so high that the £20m hole will need filling somehow. It seems that the Adam Wharton money has gone already, so we would not be very far off, if next week goes against them and they are indeed banned from sending any further funds.

I am sure the accountants will be looking closely, as they know the business is trading in an insolvent manner.

Edited March 7, 2024 by lraC

[Leonard Venkhater]

51 minutes ago, lraC said:

If they are stopped from funding at all, the club will quickly go into administration.

The expenditure at the minute (some of it a touch mysterious) is so high that the £20m hole will need filling somehow. It seems that the Adam Wharton money has gone already, so we would not be very far off, if next week goes against them and they are indeed banned from sending any further funds.

I am sure the accountants will be looking closely, as they know the business is trading in an insolvent manner.

"A touch mysterious"...indeed!

[lraC]

13 minutes ago, Leonard Venkhater said:

"A touch mysterious"...indeed!

I suppose I could have been a bit more cutting and suggested completely baffling. 

[Mattyblue]

We must be in a unique position. Most ownerships take these forms -

- Local businessman who no longer can fund/sick of taking grief from fans so will sell up.
- US venture capitalist types who will give it up as a bad job or flip for a profit.

- ‘moneyball’ style ‘data led’ owners who would also be happy enough to sell up if it goes sour or for a profit.

- fan owned club, who again will look to sell if there is someone out there that can take it to the next level.

But there surely can’t be an equivalent club in which they are a long forgotten impulse purchase for an unwieldy conglomerate based half way round the world. Where the owners will put enough in to keep it going, but certainly have no footballing ambitions for it… yet won’t even entertain selling to those that do have said ambition either.

I rue the day we somehow ended up with this ridiculous set up, a set up that does not and cannot work in professional football.

[Leonard Venkhater]

1 hour ago, lraC said:

I suppose I could have been a bit more cutting and suggested completely baffling. 

Oh, not at all. The understatement is so powerful...it makes it more cutting...

Edited March 7, 2024 by Leonard Venkhater

[miqaayil]

in my most worst case scenario thoughts , i'm going towards this as Venkys plan 

1) Get relegated 

2) Sell players who are too good (according to agents) , recover everything ...including sale of ewood.

3) Go into administration , points docked in L1 

4) Relegated to L2

 

Nobody cares about a L2 club, no shenanigans come out....

That's my nightmare , cause that's how i would get away 

 

i pray i'm wrong 

 

 

[Upside Down]

1 hour ago, miqaayil said:

in my most worst case scenario thoughts , i'm going towards this as Venkys plan 

1) Get relegated 

2) Sell players who are too good (according to agents) , recover everything ...including sale of ewood.

3) Go into administration , points docked in L1 

4) Relegated to L2

 

Nobody cares about a L2 club, no shenanigans come out....

That's my nightmare , cause that's how i would get away 

 

i pray i'm wrong 

 

 

That's a dream scenario for me

[Mike E]

4 hours ago, miqaayil said:

in my most worst case scenario thoughts , i'm going towards this as Venkys plan 

1) Get relegated 

2) Sell players who are too good (according to agents) , recover everything ...including sale of ewood.

3) Go into administration , points docked in L1 

4) Relegated to L2

 

Nobody cares about a L2 club, no shenanigans come out....

That's my nightmare , cause that's how i would get away 

 

i pray i'm wrong 

 

 

That’s still all better than THIS.

[OldEwoodBlue]

"Notes released on the Trust's website, signed off by both parties, reiterate that Venky's intend to retain ownership for the long term"

 

Well then I will reiterate that I have no option but to stay away from Ewood for the long term.

Our only hope lies with the Delhi High Court Judge and the Directorate of Enforcement.

[aletheia]

11 hours ago, lraC said:

It seems that the Adam Wharton money has gone already

That was quick. Didn't know SWAG was on that much.

[J*B]

4 hours ago, miqaayil said:

in my most worst case scenario thoughts , i'm going towards this as Venkys plan 

1) Get relegated 

2) Sell players who are too good (according to agents) , recover everything ...including sale of ewood.

3) Go into administration , points docked in L1 

4) Relegated to L2

 

Nobody cares about a L2 club, no shenanigans come out....

That's my nightmare , cause that's how i would get away 

 

i pray i'm wrong 

 

 

Add:

5) Sell the club to a respectable consortium fronted by an either a fan, director or a former player that understands this club

…and I’ll snap your hands off at League Two. I’d absolutely love US investment from a consortium fronted by Brad Friedel. 

[ABBEY]

10 hours ago, J*B said:

Add:

5) Sell the club to a respectable consortium fronted by an either a fan, director or a former player that understands this club

…and I’ll snap your hands off at League Two. I’d absolutely love US investment from a consortium fronted by Brad Friedel. 

and Peyton Fkn Manning 

[Bronzed A Donis]

WATR reiterated that, subject to legal constraints, they wanted the Club to explain the finances better and in more detail with supporters and that explanations as to Indian High Court hearings and the processes were vital to help ensure clarity and to counter all the rumours that occur when there is a communication void.

 

I presume WATR are banging on Waggotts door right now....?

[J*B]

At this point I can't get onboard with anything that comes from Waggott. He's had more than enough time to prove he's capable of doing the job and at best he's proved that he can just about make sure we don't go bankrupt by selling all our best players. The guy is clearly incapable of pushing us any further than total mediocracy and anyone entertaining him and his nonsense should know better.

[Blow-in]

On 07/03/2024 at 21:03, J*B said:

Add:

5) Sell the club to a respectable consortium fronted by an either a fan, director or a former player that understands this club

…and I’ll snap your hands off at League Two. I’d absolutely love US investment from a consortium fronted by Brad Friedel. 

You think we are in financial trouble now 🤣

[oldjamfan1]

7 hours ago, Bronzed A Donis said:

I presume WATR are banging on Waggotts door right now....?

Very hard!

[neophox]

Hopefully we sell the club someday...we will never see a manger of JDTs calibre any more.. 

[neophox]

I can't tell what I think of Waggot ....

[Upside Down]

1 hour ago, neophox said:

I can't tell what I think of Waggot ....

Don't.

[Mike Graham]

Newsletter containing the meeting notes between Rovers and ‘WeAre The Rovers’:

 

https://www.roverstrust.com/news/newsletter-april-2024

[RoversClitheroe]

15 minutes ago, Mike Graham said:

Newsletter containing the meeting notes between Rovers and ‘WeAre The Rovers’:

 

https://www.roverstrust.com/news/newsletter-april-2024

Hi Graham, what was the benefit of the meeting?

Why are WATR continually doing SWs job for him with the fan takeover days, it looks so embarrassing for the club.

How can SW seriously still be CEO?

[Bronzed A Donis]

"Peace in our time"

Utter bollocks, haven't they always been able to provide funding if required so long as they matched it?

Simple fact,  they won't even pay for a power washer.

No further money needed since Wharton sold.

No guarantee , even in April that season ticket prices will be enticing.

Venkys our only saviours according to Suhail *ahem* Steve

Any responses on, what there is no accountability at the club, no apology for embarrassing transfer window ?

Why no communication after March 12th for an age from the club? Why this reassurance wasn't in that statement.

Why Suhail won't meet fans ?

Why we can't clean our ground?

Does Steve still think selling Brockhall for housing was the future? Any plans for club to get it back?

Maguire deal sown up now ....?

Why various media outlets paint a very different picture?

Why in April are season tickets still at draft stage?

Why does he think fan takeovers work better than his match day plans?

How was he so wrong about his assurances last time? (Precedent set, no issues...) 

Why did Maguire get told deal off ? Where that message come from and why?

Can he point to any successes how hes improved the club?

Why is he qualified to be CEO of this club? When will he frigg off? 

 

 

[ABBEY]

How anyone can sit or talk reasonable to maggot buggers belief it really does.

[Mike E]

I’m afraid I don’t understand why the AGM is held in the Training Centre (a place not readily accessible to anyone travelling), and has the manager as guest speaker.

Comes across as far too pally for my liking.

[rigger]

6 minutes ago, Mike E said:

I’m afraid I don’t understand why the AGM is held in the Training Centre (a place not readily accessible to anyone travelling), and has the manager as guest speaker.

Comes across as far too pally for my liking.

Can anyone attend the AGM ?