lraC Posted yesterday at 05:52 Posted yesterday at 05:52 Agreed the owners need to go, but perhaps a start would be for one of the family to explain, why they still hold on to the club. Something credible with an explanation behind it, as to how they intend to make it better perhaps, as right now, there is simply no logic in continuing this charade. They cannot continue with the silence and in my opinion, the longer the silence continues, the more suspicious, I will become of some sort of corruption, or third party ownership exists. Quote
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Forever Blue Posted yesterday at 06:23 Posted yesterday at 06:23 19 minutes ago, lraC said: Agreed the owners need to go, but perhaps a start would be for one of the family to explain, why they still hold on to the club. Something credible with an explanation behind it, as to how they intend to make it better perhaps, as right now, there is simply no logic in continuing this charade. They cannot continue with the silence and in my opinion, the longer the silence continues, the more suspicious, I will become of some sort of corruption, or third party ownership exists. I’ve never bought the conspiracy angle. They’re just rich kids who have inherited wealth and wanted the kudos of owning a PL club. They got duped by you know who and thought they could invest £5m and get in the champions League every year. Hahaha. They now can’t extricate themselves from the madness as they’ll lose face and practically every penny of the £300m they’ve had to invest to keep the club afloat. Over 15 years it’s still loose change to them but I doubt they’ll sell on the cheap cos it will be again be loss of face. So it just rolls on, the Venky boot stamping on the face of BRFC forever…. Getting rid of Waggott et al will change nothing. Quote
Brfcrule1 Posted yesterday at 06:26 Posted yesterday at 06:26 9 hours ago, ... said: Do you mean because the first statement was raw? That was exactly what was needed. A raw, dogged, straight to the point statement, no bells or whistles. Said everything that was needed to be said. It was the first one. Since then they have developed and included more insight and information to Le Grande Venky Cirque Yes that's what I was referring to the 1st statement. 7 hours ago, RoverDom said: Would you like me to lend you some commas and full stops? Unfortunately as I said before I appreciate my grammar is very poor I struggle massively to put commas & full stops in everything. 10 hours ago, glen9mullan said: The statements went across 27 different sets of eyes, and were reviewed by each of them too. They were then reviewed by two journalist before finally being released. The media has ran with every statement issued word for word. Sorry Glen I wasn't aware of that I think it might have been the first statement I was referring to I know when I've dug myself a big hole stop digging so I will I did think the statement had good substance & the main points were covered sorry 1 Quote
Browjd Posted yesterday at 07:54 Posted yesterday at 07:54 8 hours ago, Upside Down said: It would be good to get potential buyers to go very public with their interest. Would push venkys into a corner and get the spotlight on them. You don't want to sell, why? For a journalist that's looking for a great story about how a foundational club has been driven into the ground by foreign billionaires there's a literal gold mine here just waiting for them. Exactly this - whether they sell or not is not the primary goal, it's pushing them to say or do something. Much like telling the three amigos (now 2) to stay away. Deep down we knew they wouldn't stay away but it forced their hand to respond... 1 Quote
lraC Posted yesterday at 07:56 Posted yesterday at 07:56 1 hour ago, Forever Blue said: I’ve never bought the conspiracy angle. They’re just rich kids who have inherited wealth and wanted the kudos of owning a PL club. They got duped by you know who and thought they could invest £5m and get in the champions League every year. Hahaha. They now can’t extricate themselves from the madness as they’ll lose face and practically every penny of the £300m they’ve had to invest to keep the club afloat. Over 15 years it’s still loose change to them but I doubt they’ll sell on the cheap cos it will be again be loss of face. So it just rolls on, the Venky boot stamping on the face of BRFC forever…. Getting rid of Waggott et al will change nothing. Some of what went on, in the early days, did happen and there is plenty of proof, that agents were heavily involved. The big ones, were things like Kean being appointed and he just so happened to be a client of the agent, who brokered the deal and brought the owners to the table. Another big one, was the signing of his son and the leaked letter that followed, questioning payments being requested, for players unknown to the board at that point. The Formica signing and the third party ownership issues there and the Rochina signing and the level of agents fee paid for this. There are plenty of other examples too and in my opinion, these people may well still be involved, only keeping a lower profile. 4 Quote
Tomphil2 Posted yesterday at 08:02 Posted yesterday at 08:02 Who are they losing face to apart from themselves ? I don't buy that nonsense for a second it makes no sense as owning the club and the constant negative headlines is more embarrassing than a quick cull and a bit of minimal coverage then it's gone for good. They continued to own it because after the initial plans backfired their finance people found a niche for it in the company portfolio and big Barry wanted to retain his toy. So there it has sat and as a minimal bonus on the money its cost there is a little bit comes back by way of advertising and constant positive '20 million a year' spin by commentators clearly prompted to drop that line in as much as they can. If at any point in the last decade funding this club had seriously impacted their core business or personal wealth they'd have dropped it like a hot stone, face or no face. 2 Quote
lraC Posted yesterday at 08:17 Posted yesterday at 08:17 14 minutes ago, Tomphil2 said: Who are they losing face to apart from themselves ? I don't buy that nonsense for a second it makes no sense as owning the club and the constant negative headlines is more embarrassing than a quick cull and a bit of minimal coverage then it's gone for good. They continued to own it because after the initial plans backfired their finance people found a niche for it in the company portfolio and big Barry wanted to retain his toy. So there it has sat and as a minimal bonus on the money its cost there is a little bit comes back by way of advertising and constant positive '20 million a year' spin by commentators clearly prompted to drop that line in as much as they can. If at any point in the last decade funding this club had seriously impacted their core business or personal wealth they'd have dropped it like a hot stone, face or no face. I think another narrative has been, it is the only thing they have ever failed at and they want to get it right. That's also a load of nonsense too, in my view. 4 Quote
Tomphil2 Posted yesterday at 08:23 Posted yesterday at 08:23 4 minutes ago, lraC said: I think another narrative has been, it is the only thing they have ever failed at and they want to get it right. That's also a load of nonsense too, in my view. Considering the number of defunct companies they have it seems failure is quite regular and the ONLY thing they are good at is the core business and a few of its offshoots. Quote
Forever Blue Posted yesterday at 08:56 Posted yesterday at 08:56 53 minutes ago, lraC said: Some of what went on, in the early days, did happen and there is plenty of proof, that agents were heavily involved. The big ones, were things like Kean being appointed and he just so happened to be a client of the agent, who brokered the deal and brought the owners to the table. Another big one, was the signing of his son and the leaked letter that followed, questioning payments being requested, for players unknown to the board at that point. The Formica signing and the third party ownership issues there and the Rochina signing and the level of agents fee paid for this. There are plenty of other examples too and in my opinion, these people may well still be involved, only keeping a lower profile. Yeah, I referenced the you/know-who in my post. Fergie said the club was being run by agents after allardyce was sacked. I don’t think anyone disagrees. My point about the conspiracy was in relation to why they haven’t sold the club. Money laundering, tax evasion, asset stripping and the usual reasons make no sense and there’s no evidence. So what’s left? Just the mundane reason that Rovers is just a hobby for some very very rich people who can afford to keep the club running and beyond that have no real plan or ambition for BRFC. 2 Quote
Forever Blue Posted yesterday at 08:59 Posted yesterday at 08:59 55 minutes ago, Tomphil2 said: Who are they losing face to apart from themselves ? I don't buy that nonsense for a second it makes no sense as owning the club and the constant negative headlines is more embarrassing than a quick cull and a bit of minimal coverage then it's gone for good. They continued to own it because after the initial plans backfired their finance people found a niche for it in the company portfolio and big Barry wanted to retain his toy. So there it has sat and as a minimal bonus on the money its cost there is a little bit comes back by way of advertising and constant positive '20 million a year' spin by commentators clearly prompted to drop that line in as much as they can. If at any point in the last decade funding this club had seriously impacted their core business or personal wealth they'd have dropped it like a hot stone, face or no face. I referenced the fact the money they invest is loose change. I’m speculating that there is also an element of pride at play. I don’t buy the grand conspiracy nonsense. 1 Quote
davulsukur Posted yesterday at 09:13 Posted yesterday at 09:13 54 minutes ago, Tomphil2 said: Who are they losing face to apart from themselves ? I don't buy that nonsense for a second it makes no sense as owning the club and the constant negative headlines is more embarrassing than a quick cull and a bit of minimal coverage then it's gone for good. They continued to own it because after the initial plans backfired their finance people found a niche for it in the company portfolio and big Barry wanted to retain his toy. So there it has sat and as a minimal bonus on the money its cost there is a little bit comes back by way of advertising and constant positive '20 million a year' spin by commentators clearly prompted to drop that line in as much as they can. If at any point in the last decade funding this club had seriously impacted their core business or personal wealth they'd have dropped it like a hot stone, face or no face. I've never bought into the saving face line either. I've said on here previously that I've worked with teams in India for years now and generally there is very little pride in their work. When the going gets tough, or their work starts getting questioned, they just cut all comms for as long as possible and bury their heads in the sand. They can hide easier, as they are on the other side of the world. I've never seen anything, in 10 years+, that suggests there is a huge worry about what others think of them or their work. Quite the opposite, in fact. 1 Quote
Upside Down Posted yesterday at 09:49 Posted yesterday at 09:49 1 hour ago, Tomphil2 said: Who are they losing face to apart from themselves ? I don't buy that nonsense for a second it makes no sense as owning the club and the constant negative headlines is more embarrassing than a quick cull and a bit of minimal coverage then it's gone for good. They continued to own it because after the initial plans backfired their finance people found a niche for it in the company portfolio and big Barry wanted to retain his toy. So there it has sat and as a minimal bonus on the money its cost there is a little bit comes back by way of advertising and constant positive '20 million a year' spin by commentators clearly prompted to drop that line in as much as they can. If at any point in the last decade funding this club had seriously impacted their core business or personal wealth they'd have dropped it like a hot stone, face or no face. I've always suspected that this was a decisive factor in them purchasing the club in the first place. What we're seeing now, the offloading of anyone who has any experience and thus commands a higher wager to be replaced by cheap novices was started from the second they turned up. First the sacking of big sam, then paying players 80% of their contracts to leave immediately all in the name of "cutting the wage bill". Suspiciously though the losses skyrocketed to beyond 40 million. Now they're under investigation for financial reasons and are struggling to send money over. This investigation has been brought on by much more than just the unpaid tax on a house. Whatever they were doing all those years has been rumbled and they're very cautious about making any moves. It's not unreasonable to specilate that their reluctance to sell os driven by a desire to keep things hidden that would otherwise be unearthed as part of the sale process. At the end of the day none of us know what's happening so it's best to keep an open mind. 5 Quote
lraC Posted yesterday at 11:09 Posted yesterday at 11:09 (edited) 1 hour ago, Upside Down said: I've always suspected that this was a decisive factor in them purchasing the club in the first place. What we're seeing now, the offloading of anyone who has any experience and thus commands a higher wager to be replaced by cheap novices was started from the second they turned up. First the sacking of big sam, then paying players 80% of their contracts to leave immediately all in the name of "cutting the wage bill". Suspiciously though the losses skyrocketed to beyond 40 million. Now they're under investigation for financial reasons and are struggling to send money over. This investigation has been brought on by much more than just the unpaid tax on a house. Whatever they were doing all those years has been rumbled and they're very cautious about making any moves. It's not unreasonable to specilate that their reluctance to sell os driven by a desire to keep things hidden that would otherwise be unearthed as part of the sale process. At the end of the day none of us know what's happening so it's best to keep an open mind. So far as I am aware the transfer of the funds from a Western Union money transfer account, were thought to be difficult to trace and layered allegedly, which is a sure sign of money laundering. Making illicitly obtained money difficult to track Layering in money laundering is the process of making illicitly obtained money difficult to track by moving the assets around or changing their nature. This can involve transferring illegal funds through multiple accounts, converting them into different forms such as real estate or gold, or creating complex financial transactions designed to obscure the money's original source. The goal of layering is to confuse authorities and make it harder to trace the origins of the funds. ComplyAdvantage+3 Edited yesterday at 11:10 by lraC Extra information 1 Quote
lraC Posted yesterday at 11:21 Posted yesterday at 11:21 Office of Public Affairs | Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission | United States Department of Justice Above has to make you wonder why Western Union were used at times, for transferring large sums. Pure coincidence? Quote
Popular Post JHRover Posted yesterday at 11:32 Popular Post Posted yesterday at 11:32 Given what is going on in India right now with the owners, even if strictly it isn't the Club under investigation, I'd think you'd be brave to suggest that nothing at all untoward has gone on during the last 15 years. It is so suspicious that I wouldn't rule anything in or out. I am struggling to think of a comparable regime whereby the ownership have zero interest in football, zero interest in the town, zero interest in getting bigger or better, haven't so much as attended in well over a decade, yet appear no closer to wanting to leave than the day they darkened our doors. Just about every other rotten regime in English football, and there have been a few, have either come and gone quickly, or been people who at least enjoy the game or the involvement of running a club, or have given up when the money has run out. None of it with this lot. Which inevitably leads to suspicions of other motives. 11 Quote
lraC Posted yesterday at 11:49 Posted yesterday at 11:49 12 minutes ago, JHRover said: Given what is going on in India right now with the owners, even if strictly it isn't the Club under investigation, I'd think you'd be brave to suggest that nothing at all untoward has gone on during the last 15 years. It is so suspicious that I wouldn't rule anything in or out. I am struggling to think of a comparable regime whereby the ownership have zero interest in football, zero interest in the town, zero interest in getting bigger or better, haven't so much as attended in well over a decade, yet appear no closer to wanting to leave than the day they darkened our doors. Just about every other rotten regime in English football, and there have been a few, have either come and gone quickly, or been people who at least enjoy the game or the involvement of running a club, or have given up when the money has run out. None of it with this lot. Which inevitably leads to suspicions of other motives. Agreed. Assets are not seized by a Government body, for no reason. There is some serious suspicion there by the looks of things and couple that with the requirements to attend court for permission to send money and the doubts plenty have about the nature of the takeover and I think it is extremely naive, for people to accept, without question, there is nothing dodgy going on. 5 Quote
Lucimo Posted yesterday at 12:39 Posted yesterday at 12:39 On 03/06/2025 at 22:46, glen9mullan said: Open supporters meeting on the agenda (possibly July) and MPs to bring things up in Parliament once again. Tim Farron and Adnan Hussein already had a couple of meetings, are on same page and very much supporting the coalition and seeking answers. Possible documentary on the agenda (can't say too much more on this). Press efforts continue to share wide and far. Superb effort from all of you. The possible documentary is very interesting. Keep up the great work Glen and all. 3 Quote
Tomphil2 Posted yesterday at 13:14 Posted yesterday at 13:14 3 hours ago, davulsukur said: I've never bought into the saving face line either. I've said on here previously that I've worked with teams in India for years now and generally there is very little pride in their work. When the going gets tough, or their work starts getting questioned, they just cut all comms for as long as possible and bury their heads in the sand. They can hide easier, as they are on the other side of the world. I've never seen anything, in 10 years+, that suggests there is a huge worry about what others think of them or their work. Quite the opposite, in fact. Yes totally agree from the limited experience iv'e had with it and also everything we've seen with the club. Yes there is the caste system that plays a big part over there and i'm sure that's a factor especially when we've had an Indian chap defacto running the club. In fact i'd say its been a big part of our problems not daring to speak up to the leaders even in desperate times but face saving by them over there no i reckon it's quite the opposite. More stubbornness and arrogance than anything, we've got the $ clout so we'll do what we want. Quote
Tomphil2 Posted yesterday at 13:23 Posted yesterday at 13:23 4 hours ago, Forever Blue said: I referenced the fact the money they invest is loose change. I’m speculating that there is also an element of pride at play. I don’t buy the grand conspiracy nonsense. The mere fact they've ended up under investigation by the govt department they have kind of points to the Indian govt not sharing your view. Regardless of if anything else turns up or not they obviously had enough suspicion to kick off in the first place. 3 Quote
lraC Posted yesterday at 13:30 Posted yesterday at 13:30 2 minutes ago, Tomphil2 said: The mere fact they've ended up under investigation by the govt department they have kind of points to the Indian govt not sharing your view. Regardless of if anything else turns up or not they obviously had enough suspicion to kick off in the first place. Imagine a totally innocent company having some of their perfectly innocent business investigated and put through these type of restrictions by HMRC, including property being seized. They would be seriously exposed to being sued and therefore taking a huge risk, doing what they have, with no evidence of wrong doing. I pretty much convinced it’s down to some sort of activity, that is less than 100% legitimate. 3 Quote
funny-old-game Posted yesterday at 14:05 Posted yesterday at 14:05 30 minutes ago, lraC said: Imagine a totally innocent company having some of their perfectly innocent business investigated and put through these type of restrictions by HMRC, including property being seized. They would be seriously exposed to being sued and therefore taking a huge risk, doing what they have, with no evidence of wrong doing. I pretty much convinced it’s down to some sort of activity, that is less than 100% legitimate. Are their any unseen clues or information not mentioned on here that give more insight into what could really be going on within these cases? Quote
TugaysMarlboro Posted yesterday at 14:15 Posted yesterday at 14:15 I don't really know which thread to ask this question in, as it spans across all of them. Was there ever an announcement as to who would run the club temporarily now that Waggott's gone? It's been 2 weeks now and I can't recall anything. Quote
Forever Blue Posted yesterday at 14:16 Posted yesterday at 14:16 52 minutes ago, Tomphil2 said: The mere fact they've ended up under investigation by the govt department they have kind of points to the Indian govt not sharing your view. Regardless of if anything else turns up or not they obviously had enough suspicion to kick off in the first place. My view of what? The court case deals with a very specific issue that has nothing to do with Rovers. Quote
MarkBRFC Posted yesterday at 14:24 Posted yesterday at 14:24 8 minutes ago, TugaysMarlboro said: I don't really know which thread to ask this question in, as it spans across all of them. Was there ever an announcement as to who would run the club temporarily now that Waggott's gone? It's been 2 weeks now and I can't recall anything. Suhail is running it, as allegedly he always has done. Quote
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