Venky’s v Indian Government (a)

[DeeCee]

So the maximum fine that they MAY receive is a similar amount to what we've just profited from this transfer window. 🤔

[wilsdenrover]

You just can’t shift that thought can you @DeeCee 😁😁

[DeeCee]

Surprisingly no!

[Tomphil2]

Given what's now happened at the club and the lengths they've gone to in order to implement this latest 'model' i don't think they'll be raising the wages and transfer budget anytime soon.

This is Suhail and friends dream child now to be run on the breadline however it should leave the club in the best financial situation its been in for a while.

Well since last time they so called straightened the books then sat back and let Waggot/TM and co plod along.

[roversfan99]

I dont get why people correlate it with potential transfer funds.

They have to cover losses every year. It is in their best interests obviously to not have to have that guarantee in place purely to do that.

[Upside Down]

57 minutes ago, roversfan99 said:

I dont get why people correlate it with potential transfer funds.

They have to cover losses every year. It is in their best interests obviously to not have to have that guarantee in place purely to do that.

If they're that concerned about the losses then the easiest option is to sell up and fuck off.

[Tom]

6 hours ago, RevidgeBlue said:

I agree. Incredibly convenient.

And yet.....on the face of it the timing wasn't actually the owners fault unless they can influence the Court listing process.

Wonder what the excuse will be for not spending in January? Should we start a sweepstake?

They’ll wheel out the privy account with ‘January is a notoriously hard window with inflated prices, look at other teams, Wigan and Kidderminster not signed anyone, with Adam Khan coming back it’s like a new signing’ or similar 

[47er]

4 hours ago, bluebruce said:

I wonder how much this case has already cost them in legal fees...

Tax deductable?

[arbitro]

Just to add my thanks to wilsdenrover for his diligence in keeping us up to date with the happenings in India.

And also to add you must have the patience of a saint. 😇

[KentExile]

29 minutes ago, arbitro said:

Just to add my thanks to wilsdenrover for his diligence in keeping us up to date with the happenings in India.

And also to add you must have the patience of a saint. 😇

seconded, a wonderful job indeed Wilsden 🙂 

[Browjd]

Can we get local media on this - they will undoubtedly have no idea....

[SIMON GARNERS 194]

The grateful dead.

[davulsukur]

What will you do with your spare time now @wilsdenrover? 😁

I am genuinely thankful for your efforts on this whole thing, really appreciated, especially as you took the time to explain things out to halfwits like me!

[TimmyJimmy]

12 hours ago, Upside Down said:

If they're that concerned about the losses then the easiest option is to sell up and fuck off.

That's something I've been thinking about recently and I'm not sure that matters are as straightforward as that statement assumes.

We were all convinced that there was a 'power behind the throne' with Venkys purchase. 'They' haven't gone away just dropped out of sight. Meaning that they'll still be involved in lining up the next bunch of schmucks when the time to change ownership comes around.

The rumours from the start were that Venkys were innocent naive patsies with a darker power pulling the levers in the background, if true 'they' won't be going away anytime soon.

So a change of ownership is to be wished for?

Plus ça change, plus c’est la même chose!

I think things are far more broken than we assume.

[wilsdenrover]

1 hour ago, davulsukur said:

What will you do with your spare time now @wilsdenrover? 😁

I am genuinely thankful for your efforts on this whole thing, really appreciated, especially as you took the time to explain things out to halfwits like me!

I fear I may start having to talk to my wife again 😁😁

 

 

[Tomphil2]

41 minutes ago, TimmyJimmy said:

That's something I've been thinking about recently and I'm not sure that matters are as straightforward as that statement assumes.

We were all convinced that there was a 'power behind the throne' with Venkys purchase. 'They' haven't gone away just dropped out of sight. Meaning that they'll still be involved in lining up the next bunch of schmucks when the time to change ownership comes around.

The rumours from the start were that Venkys were innocent naive patsies with a darker power pulling the levers in the background, if true 'they' won't be going away anytime soon.

So a change of ownership is to be wished for?

Plus ça change, plus c’est la même chose!

I think things are far more broken than we assume.

That's a fair point i think it's reasonable to assume that if they did decide to part with it they'd turn to the usual people to handle a source and sale project.

Which is probably as terrifying as them continuing to own it.

[RoverDom]

Are the rumours true that wilsdenrover has been given an honorary doctorate in law from the University of Dehli? 

[Polky]

5 minutes ago, RoverDom said:

Are the rumours true that wilsdenrover has been given an honorary doctorate in law from the University of Dehli? 

Yes but the presentation had been delayed.

[TimmyJimmy]

14 minutes ago, Tomphil2 said:

That's a fair point i think it's reasonable to assume that if they did decide to part with it they'd turn to the usual people to handle a source and sale project.

Which is probably as terrifying as them continuing to own it.

Agreed.

It would be good to be able to understand who owns the club ie who's money it is and where did it come from. We know who's name is on door but how come they have zero interest in football or the club so what's really behind their 'ownership' from afar.

If others were involved beyond an advisory capacity they're not going to go away. Any new 'owner' would have to fulfil the same role, whatever that is.

Fit and proper rules need a lot of beefing up IMO before we can feel optimistic about any new ownership.

[Trinidad Rover]

Great work @wilsdenrover - thanks for all the efforts tracking the chaos and updating us all on this.

 

[Norbert Rassragr]

Right now, I feel we just need to go bust and start again. Do a Rangers, Bury etc. This club is a zombie club, with all sorts of nefarious parasites controlling it. Let it die. I've had enough of being violated by crooks and idiots and want to see something that represents the town of Blackburn and it's people. Something that people can really get behind.

The FA and Premier League are not fit for purpose and should be scrapped. Too many clubs have gone down similar paths as we're seeing in Sheffield Wednesday. Before them we've had Bury, Bolton, Morecambe and countless others taken over by all sorts of scoundrels. Hell, North Korea nearly owned Notts County.

[joey_big_nose]

On the face of it should be great news. But then again it doesn't seem logical that our reduced funding has really been linked to the guarantees transfer of money specifically as they could just pay the guarantee anyway.  I suppose not having to pay any more lowers the risk, and I guess the feeling of oversight? So maybe that will increase funding again?

Confusing.

I guess the key question to the clubs is "was the financial planning of the club and transfers assuming the latest  £12.5M would arrive, or was it anticipated that this may not be forthcoming so was not planned to be spent?" I suspect that this money was already planned to be spent, but if not wahey!
 

That they are investing in persuing these court cases, sending big sums of money, never the slightest hint they are looking to sell at all suggests that they are invested in the future of the club for the long term. But then again the massive reductions in wage bill, non attendance at games, complete lack of engagement, all suggests they are not. It's one of the great mysteries of all time.

Someone somewhere has to be able to explain it. People do not sink £150M+ over more than a decade and fight the Indian government without there being a rationale behind it.

[joey_big_nose]

12 minutes ago, Norbert Rassragr said:

Right now, I feel we just need to go bust and start again. Do a Rangers, Bury etc. This club is a zombie club, with all sorts of nefarious parasites controlling it. Let it die. I've had enough of being violated by crooks and idiots and want to see something that represents the town of Blackburn and it's people. Something that people can really get behind.

The FA and Premier League are not fit for purpose and should be scrapped. Too many clubs have gone down similar paths as we're seeing in Sheffield Wednesday. Before them we've had Bury, Bolton, Morecambe and countless others taken over by all sorts of scoundrels. Hell, North Korea nearly owned Notts County.

I have started thinking maybe rather than the "big six" fucking off to a European Super League, what may well happen first is less well resourced clubs leaving the Football League to form a league more based on the German model with required fan ownership and close spending controls.

I think a lot of fans would trade off the quality of players their club can afford to feel like the club is actually "theirs".

Edited 12 hours ago by joey_big_nose

[bluebruce]

1 hour ago, Norbert Rassragr said:

Right now, I feel we just need to go bust and start again. Do a Rangers, Bury etc. This club is a zombie club, with all sorts of nefarious parasites controlling it. Let it die. I've had enough of being violated by crooks and idiots and want to see something that represents the town of Blackburn and it's people. Something that people can really get behind.

The FA and Premier League are not fit for purpose and should be scrapped. Too many clubs have gone down similar paths as we're seeing in Sheffield Wednesday. Before them we've had Bury, Bolton, Morecambe and countless others taken over by all sorts of scoundrels. Hell, North Korea nearly owned Notts County.

If the club dies, I'm never supporting another club again. Zombie or otherwise.

[philipl]

For what it's worth, I am reasonably convinced the ultimate source of the money that paid the Walker Trust was in the UK but that Mrs D rumbled the family had been sold a pup sometime around 2012 since when Rovers have been an unwanted naan on the Pune breakfast table.

Occasionally nibbled at but otherwise left to gather flies.

Now the tantric one and son seem sufficiently clear of their Italian experience I suspect Tommy Jimmy is correct.

Even a decade on from the Kean era there are too many old problems for a genuine third party to be allowed freedom of full due diligence. The consequences of Neville Mansions and Akron birthday bash played out in the Delhi High Court last week illustrates the problem.