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Mercer

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Everything posted by Mercer

  1. Mercer

    Summer Transfer Window

    IMO, utter b0ll0cks. My wife's working to a budget. She's just bought herself a new car and some new clothes, however, we've ended up with £2,000 more cash because she's sold her premium bonds! So the question is, which players or players will be sold to finance the acquisitions!?!?
  2. Mercer

    Summer Transfer Window

    Never heard of the lad never mind seen him play. I'll reserve judgement - at least he has some decent experience and pedigree. The errors are a worry - bit like a golfer or snooker player with the 'yips'. Once these errors start, things seem to go from bad to worse and goalies can fall from grace pretty dramatically as seen with Hart and De Gea.
  3. Mercer

    Summer Transfer Window

    IMO, you also need a football manager who knows what the feck he's doing!!!!!!!!!!!!!!!!!!!!!!!!
  4. Mercer

    Summer Transfer Window

    Feckin hell. Think Mowbray will be cr@pping it for all it's worth following his 'Barcelonaisation' of Donny in the mickey mouse something cup.
  5. Mercer

    Summer Transfer Window

    The Rovers has barely any value to them. Forget the near £200million cost of acquisition and operating losses. A fair market value will have factored-in huge economic depreciation. I've been involved with some big companies and the usual approach to under performing / loss making 'associate' companies is ruthless.
  6. Mercer

    Season Tickets 2020-21

    and to think Waggott is likely to walk past it every day!
  7. Mercer

    Summer Transfer Window

    On that basis, you wouldn't want any of these five (Stegen, Semedo, Pique, Lenglet, Alba) who were Barca's defence when Bayern stuck eight in.............!!!!!!!!!!!!
  8. Mercer

    Summer Transfer Window

    The point is if that transfer and wage commitment had been spent more wisely we might have achieved promotion, been in the play-offs or, at the very least, been a far stronger football team. Instead, IMO, a £20million+ transfer and wage commitment has been spunked up the wall. That is not fantasy but stone cold reality.
  9. Mercer

    Summer Transfer Window

    According to our last football club accounts, wages and operating costs were running at almost £3million per month. Since March, we've virtually had no income. VLL made a £4million share issue in June which was probably to keep us afloat. To stay in business for the rest of the calendar year, I would think we need at least £20million (April to December). We may see only limited income streams until 2021. IMO, it would be no surprise to see the sale of at least one, most likely two, of our 'prized assets' just to keep the club in business for the rest of 2020.
  10. Mercer

    Summer Transfer Window

    I think it's fair to say we have been desperate financially for a big part of the period under the Venky's - they've now tipped in approaching £200million to cover the acquisition and keep the club going given horrendous losses. As each year passes, our financial position has got increasingly desperate - just look at the auditors' qualifications in the accounts. IMO, it was inevitable we would reach an eventual tipping point. Who knows what the Raos business psyche is but I can tell you in decades of experience, operational or otherwise, as an accountant across business, commerce and practice, I have rarely come across anything like it. I am just surprised it has taken so long to get to what seems a now critical situation.
  11. Mercer

    Summer Transfer Window

    What a feckin desperate mess I think we are in. Bottom line. We are here in this position because IMO, we have a very poor CEO and football manager who both must take full responsibility, particularly for the £millions, IMO, squandered on transfer fees and wages and senseless contracts. As I posted earlier today, I think the picture is far darker than the one Kamy painted.
  12. Mercer

    Summer Transfer Window

    I think it's clear you have little experience in company reconstructions and negotiations. There are ways and means............................................!!!
  13. Mercer

    Summer Transfer Window

    Think because he hasn't got one! Posted before, IMO, the bottom line is we need between £15 and £20million from net transfer fees and wage savings. Seen or heard nothing to suggest otherwise.
  14. Mercer

    Summer Transfer Window

    No surprise to me. I've been posting my thoughts, in line with what you say and even more, for a number of weeks now. Sadly, IMO, the picture is very much darker than the one you paint.
  15. Mercer

    Summer Transfer Window

    I think you are right. IMO, Ewood Park is a pressure free zone with too many far too comfortable and drawing big bucks, led by Mowbray and Waggott. I think rockets up arses badly needed. Sadly, IMO, our football club is dying on its feet.
  16. Mercer

    Summer Transfer Window

    Think we are brassic and the funding seems to be drying up. From 25 Jul 2018 to 5 Aug 2019 there were 4 allotment of shares by VLL totalling £22.5 million. Since, there have been 2 allotment of shares by VLL totalling £9.3 million. I think we need to adopt the emergency landing position.
  17. Mercer

    Summer Transfer Window

    We are p1ssing about too much with Downing. Conversation should have been 'there's our offer, give us your decision in no more than a week'. He either wants to play for us or he doesn't. Feck him off and move on.
  18. Mercer

    Summer Transfer Window

    He wont be coming here then !!!!!!!!!!!!!!!!!!!
  19. Mercer

    Summer Transfer Window

    Minus £19million instead of minus £20million !!!???
  20. Mercer

    Summer Transfer Window

    Firstly, no surprise 10Bet exercised their break clause. I guess their perception might have been that Rovers were a dull, unimaginative club and drifting along rather aimlessly. The guys behind Euro Garages could buy the club if they really wanted rather than do a shirt sponsorship. I don't see much at all in a shirt sponsorship deal for them as can't see it driving incremental business on their forecourts. Think Rovers might be really struggling here. Economically, not the best time to try and obtain new sponsorship and notwithstanding the economy, what the hell can Rovers offer a new sponsor? If we had a vibrant young manager in charge and it could be seen the club was going places............................!!!!!!!!!!!!!!!!!!!!
  21. Mercer

    Summer Transfer Window

    Their Rovers' 'project' is now most likely pushing £200million factoring in acquisition costs and loans. There will come a 'tipping point' - it's almost inevitable as I very much doubt they will continue to throw in some £20million every year (throwing good money after bad). In the past, we've seen the likes of Hayward, Davies and Whelan all call time on their clubs - it happens. IMO, and I've said this for a number of weeks now, the noose is tightening.
  22. Mercer

    Summer Transfer Window

    You are not quite right. VLL's share issues are to create funds that are loaned to The Blackburn Rovers Football and Athletic Limited. Accounts year ended 30 June 2019 (for football club) showed 'Amounts owing to parent undertaking' of £126.8 million (see Creditors - amounts falling due within one year). In the twelve months following 30 June 2019, VLL issued a further £19million in shares. The amount owed by the football club to the holding company at 30 June 2020 is now likely to be approx. £150million and these monies are repayable, technically within 12 months (hence part of net current liabilities) although notes to the accounts show there is no fixed date for repayment. VLL can pull the plug anytime it wishes.
  23. Mercer

    Summer Transfer Window

    If this has legs, think you'll find there's a deal with Evans going the other way involved.
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