simongarnerisgod Posted Wednesday at 17:45 Posted Wednesday at 17:45 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 Quote
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Mercer Posted Wednesday at 18:36 Posted Wednesday at 18:36 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. 6 Quote
BankEnd Rover Posted Wednesday at 18:48 Posted Wednesday at 18:48 (edited) Apparently the interest in the Ajax lad is false and JRC is off to a team in London. From privy off twitter.Β Edited Wednesday at 18:50 by BankEnd Rover Quote
islander200 Posted Wednesday at 18:51 Posted Wednesday at 18:51 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 Quote
Tomphil2 Posted Wednesday at 19:08 Posted Wednesday at 19:08 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. 1 Quote
Popular Post roversfan99 Posted Wednesday at 19:11 Popular Post Posted Wednesday at 19:11 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. 11 Quote
Theyak1986 Posted Wednesday at 19:11 Posted Wednesday at 19:11 Legia Warsaw have agreed a 2.6m deal to buy Rajovic from Watford. They are supposedly cash strapped so possibly weβve 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 1 Quote
roversfan99 Posted Wednesday at 19:17 Posted Wednesday at 19:17 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. 3 Quote
Wing Wizard Windy Miller Posted Wednesday at 19:26 Posted Wednesday at 19:26 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 9 Quote
bluebruce Posted Wednesday at 19:39 Posted Wednesday at 19:39 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. 2 Quote
roverblue Posted Wednesday at 19:58 Posted Wednesday at 19:58 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 Venkyβs 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!). 2 Quote
dingles staying down 4ever Posted Wednesday at 20:03 Posted Wednesday at 20:03 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. 1 Quote
Wing Wizard Windy Miller Posted Wednesday at 20:26 Posted Wednesday at 20:26 JRC potentially going is no loss. Now if the Portuguese lad Tavares was his replacement, I wouldn't complain.Β Replacing actual first teamers, should they leave, requires a much higher quality of incoming though.Β Β Quote
Herbie6590 Posted Wednesday at 20:27 Posted Wednesday at 20:27 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 itβ¦Three sets of accounts is the standard practice. One for the taxman, one for the shareholders & one for the managementβ¦π 1 Quote
M_B Posted Wednesday at 20:31 Posted Wednesday at 20:31 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 1 Quote
chaddyrovers Posted Wednesday at 20:41 Posted Wednesday at 20:41 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 isnβt, 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 Quote
Rogerb Posted Wednesday at 20:42 Posted Wednesday at 20:42 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 6 Quote
davulsukur Posted Wednesday at 20:43 Posted Wednesday at 20:43 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. 2 Quote
Rogerb Posted Wednesday at 20:45 Posted Wednesday at 20:45 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. 1 Quote
chaddyrovers Posted Wednesday at 20:50 Posted Wednesday at 20:50 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 Quote
wilsdenrover Posted Wednesday at 20:52 Posted Wednesday at 20:52 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. Iβm not convinced about the investment in player wages either given the slight reduction in wages shown in the accounts π€π§ 2 Quote
roversfan99 Posted Wednesday at 20:54 Posted Wednesday at 20:54 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. 1 Quote
roversfan99 Posted Wednesday at 20:56 Posted Wednesday at 20:56 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. Quote
wilsdenrover Posted Wednesday at 21:02 Posted Wednesday at 21:02 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. Iβd be one of them. 1 Quote
wilsdenrover Posted Wednesday at 21:03 Posted Wednesday at 21:03 Iβm intrigued as to how weβve supposedly reduced our debt without taking money out the club.Β Quote
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