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Posted
Just now, Emerald Isle Rover said:

Have one of the oldest squads in the league by far - would need some serious youngsters to come throughΒ 

get them to mid table this season,then build for a play off push the next,he`ll be backed financially there no doubt

Posted
1 hour ago, JBiz said:

The accounts are facts.Β 

Β 

39 minutes ago, Exiled_Rover said:

The accounts are not facts as they're being investigated for fraud.

Β 

36 minutes ago, JBiz said:

Do you mean the Indian court case? Or Rovers specific financial reports.

Β 

33 minutes ago, Exiled_Rover said:

They're clearly linked.

You're not going to be squeaky clean in one aspect of your business if you're dirty in another.Β 

The figures simply do not add up - this flat Β£20m loss year in, year out despite the fact they've decimated our playing squad stinks to high heaven.

History is littered with accounting scandals where the accounts have not represented reality with huge anomalies coming to light causing huge issues - needless to say, big firms of external auditors were hauled over the coals.

If you are interested then in the UK look at the history around BHS, Carillion, Patisserie Valerie, Post Office Horizon Scandal and Tesco.

Further afield, look to the US and Enron, Lehman Bros and WorldCom.Β Β 

In my career, I have sat on opposite sides of the table and I can tell you it is not difficult to play a few tunes with the accounts without resorting to irregular practices and it wasn't too difficult to 'pull the wool' over the eyes of the external auditors.Β 

I would be intrigued to see the 'books' of Rovers.

  • Like 6
Posted

I think there is plenty creative accounting goes on in the football finance and ownership industry and plenty loopholes to exploit.

Otherwise half these very wealthy people, corporations and big business just would't go anywhere near it.

  • Like 1
Posted

Legia Warsaw have agreed a 2.6m deal to buy Rajovic from Watford. They are supposedly cash strapped so possibly we’ve actually bid close to that amount and they are reinvesting or the more likely case is another club have gazumped us whilst we offered peanuts

  • Like 1
Posted
5 hours ago, vinotherover said:

Were are you getting no investment in the team do you think the 2 players we have signed are interns on no wages.

I'm not In the know but from reports I've seen we've spent 2.5mil on them and again I'm guessing they will be on 5k a week could be more in fairnes if any one else knows the wages correct me this would be around 1.5mil in wages over 3 years so that's an investment of 3-4 million on the squad already this windowΒ 

No chance they have spent anything near that amount on those 2 players.Β  I'll say Β£600k for the pair - with some add ons.Β  If they have spent Β£2.5 million on that dross, , the entire scouting team should be sacked on the spot.Β 

  • Like 9
Posted
28 minutes ago, roversfan99 said:

Its pretty piss poor how the journalist for our local paper instead of investigating these potential rumours, he writes about which ex rovers players have changed teams this summer.

He is a very poor journalist.

  • Like 2
Posted
2 hours ago, Exiled_Rover said:

They're clearly linked.

You're not going to be squeaky clean in one aspect of your business if you're dirty in another.Β 

The figures simply do not add up - this flat Β£20m loss year in, year out despite the fact they've decimated our playing squad stinks to high heaven.

Two Venky’s examples are them buying a house to stay when coming to see Rovers then declaring it a chicken farm or something similar.

They also sent Β£2m to Rovers but then diverted it to Akon the rapper (although this seems so bizarre maybe I dreamt it!).

  • Like 2
Posted
8 hours ago, Mercer said:

Don't give a feck what you think.

I post in good faith.

Would be interested to see the Twitter post you think I've copied - has it not occurred to you they may well have copied my post from here!?!?Β  I posted on here about 11.20am - what time is the Twitter post?

touchy aren't you?

Only having a laugh!!! The last one you posted it after I seen it on Twitter, this one I'd seen it on Twitter then I saw your post and I couldn't resist.

  • Like 1
Posted
1 hour ago, Tomphil2 said:

I think there is plenty creative accounting goes on in the football finance and ownership industry and plenty loopholes to exploit.

Otherwise half these very wealthy people, corporations and big business just would't go anywhere near it.

As the old joke has it…Three sets of accounts is the standard practice.

One for the taxman, one for the shareholders & one for the managementβ€¦πŸ˜‰

  • Like 1
Posted
3 hours ago, RevidgeBlue said:

Strongly disagree there.

Given the prevailing circumstances at each Club Eustace has been wildly successful in his last appointments and was brought in by Derby to keep them up. He succeeded.

VI hasnt impressed in either of his last 2 permanent appointments and was brought in to keep us in the play off positions. He failed. Indeed it only took him one full game and ten minutes of the Derby game to undo a good season's work by Eustace

Therefore recent evidence would tend to suggest thatΒ  Eustace is very much a Coach on the up whereas VI is yesterday's man who'sΒ  only ever had a good spell at one Club.

Similar to Lambert/Coyle etc etc.

Β 

Some cherry picking going on here.Β 

  • Like 1
Posted
3 hours ago, JBiz said:

The accounts are facts. Nobody is arguing for or against their ownership here, the point is that the money made from sales is being used on the football side. If it isn’t, then where is it?

The money from sales hasn't been taken out of the club and has paid the debt off, small investment in players and wages of the players.Β 

I think most would have like to see more reinvested in signings and spent alot more

1 hour ago, roversfan99 said:

Its pretty piss poor how the journalist for our local paper instead of investigating these potential rumours, he writes about which ex rovers players have changed teams this summer.

what do you expect to do if Rovers aren't talking to him, no one from the club is replying to him in power. outside that what do you want him to do? who is he meant to contact?Β 

Nicko has a range of different contacts that local journalists won't haveΒ Β 

1 hour ago, roversfan99 said:

That brfcprivy seems like a proper attention seeker. Using that eye emoji and also defending the owners.

Has had a couple of bits of correct info though.

Seems to have a some correct inside info.Β 

Posted
1 hour ago, bluebruce said:

He is a very poor journalist.

I feel journalist is probably the wrong word. He is a reporter he just reports what he is fed there is no investigation about him

  • Like 6
Posted
1 hour ago, islander200 said:

I seen a few mentions of JRC to Charlton earlier...just from a few supporters on Facebook saying it was being discussed on one of the Charlton fans forumsΒ 

Latest rumour is JRC to Charlton for Β£1m.

Pretty good business to get Β£1m for him tbh.

  • Like 2
Posted
2 minutes ago, chaddyrovers said:

The money from sales hasn't been taken out of the club and has paid the debt off, small investment in players and wages of the players.Β 

Not paid debt off. As wilsden pointed out recently whilst made a profit in last year's accounts debt managed to increase.

  • Like 1
Posted
4 minutes ago, Rogerb said:

Not paid debt off. As wilsden pointed out recently whilst made a profit in last year's accounts debt managed to increase.

sales have help us make that profit instead of the regular season debt

Posted
5 minutes ago, Rogerb said:

Not paid debt off. As wilsden pointed out recently whilst made a profit in last year's accounts debt managed to increase.

I’m not convinced about the investment in player wages either given the slight reduction in wages shown in the accounts πŸ€”πŸ§

  • Like 2
Posted
2 minutes ago, chaddyrovers said:

sales have help us make that profit instead of the regular season debt

But reinvesting a chunk would perhaps lead to a small loss in that year but give us assets to then sell in the future and continue the cycle.

But they dont have the care to think like that.

Look at Brentford and what they did. Regularly selling big money strikers, reinvesting and continuing to churn out big sales.

  • Like 1
Posted
13 minutes ago, chaddyrovers said:

The money from sales hasn't been taken out of the club and has paid the debt off, small investment in players and wages of the players.Β 

I think most would have like to see more reinvested in signings and spent alot more

what do you expect to do if Rovers aren't talking to him, no one from the club is replying to him in power. outside that what do you want him to do? who is he meant to contact?Β 

Nicko has a range of different contacts that local journalists won't haveΒ Β 

Seems to have a some correct inside info.Β 

If he has absolutely no contacts then he is hardly a journalist is he.

He is a reporter who regularly spits out articles riddled with spelling errors and unnecessary cliches.

I am unsure how you span it back to saying how wonderful "Nicko" is.

Posted
6 minutes ago, roversfan99 said:

But reinvesting a chunk would perhaps lead to a small loss in that year but give us assets to then sell in the future and continue the cycle.

But they dont have the care to think like that.

Look at Brentford and what they did. Regularly selling big money strikers, reinvesting and continuing to churn out big sales.

Some might say we should speculate to accumulate.

I’d be one of them.

  • Like 1

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