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Posted
20 hours ago, Nipper1875 said:

Which the club has wanted for age after the racism inquest what went on 

I’ve not heard of this, can you explain what happened?

Cheers

Posted
3 hours ago, Tomphil2 said:

Somewhere i have saved an article from the takeover time from an Indian business website who published an article on it and it stated they were using a bank loan for the purchase.

I can't remember which bank it said it was but i know it wasn't the usual State Bank of India.

It's always been my view that however it was purchased they got that money back pretty quickly through player sales.

For balance though that article quotes only one bit of the company - Venkys India Ltd - which itself comes under the main head company of VH Group.

Allegedly back in their father's time the Governor of Pune carved up all the land in and around Pune to their father and another couple of local business men. As such they own much of the land and buildings in and around Pune which is where their real wealth comes from.

The opinions I've heard are that as such when someone looks at their Companies and says they're worth £2 billion or £4 billion or whatever, far from overstating their wealth it's vastly understating it.

I've never seen anything official to confirm or refute this, would be interesting to hear from those with local knowledge as to whether they think this is true or an old wives tale.

Posted

Think its been well documented the VH group is worth at least a billion although that might be in Indian money terms.

Whether the land and all the assets they own is covered by that or separate who knows ?

A handy way to make useless swathes of rough land pay though would be secure borrowings against it to run a foreign entity and cream a bit off for yourselves year on year.

That theory has been presented on here in the past and it might hold a bit of water when considering they won't sell because they cannot afford to without losing land.

  • Like 1
Posted

Just read the great sage Tim Sherwood's comment's in the LT about our Club's current situation.

Thank's for bestowing us all with your word's of wisdom but you haven't a fookin clue mate,embarrassing.

 

 

 

 

 

 

  • Like 2
Posted
54 minutes ago, SIMON GARNERS 194 said:

Just read the great sage Tim Sherwood's comment's in the LT about our Club's current situation.

Thank's for bestowing us all with your word's of wisdom but you haven't a fookin clue mate,embarrassing.

The "overachieving" against clubs with more "financial muscle" from him looks like the usual spiel. It doesn't help, as many will run with it. However, I think he has put his real feelings across here in a subtle way here:

"In order to be successful, you need to keep hold of these (Szmodics) type of players"

"I pray they get back to some stability and get a benefactor who wants to spend some money and give them a chance to get back to the promised lands in the Premier League".

I think he knows these bastards don't want to spend. They don't give us a chance to go up, but he can't be as blunt as that.

Posted (edited)

Someone else said something on here recently that made me sad when I thought about it - None of our legends or cult heroes from the last 3 decades have done anything to speak up about the plight of the club and it is disappointing. Our fans were absolutely savaged by the media during the Kean era and we've become an afterthought and a backwater since we dropped out the prem, no one cares about what has happened. I think the closest thing to any sort of dissent maybe occasionally comes from Chris Sutton, but we're only his 4th or 5th favourite team after Forest, Norwich and Celtic so he's not that bothered.

Edited by StHelensRover
  • Like 2

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