glen9mullan

Venkys are the majority shareholders so if the directors pulled the plug/attempted today they would be defenceless I think , unless the 4th director now prevents that motion Also under FA and EFL rules there has to be a certain amount of directors In terms of voting rights it depends what's in their memorandum

Even the threat of protests would have SWAG and co having sleepless nights. The policing bill alone would not be in the budget and it went into the millions the last time protests were the norm. Anything that creates a cost, be that fines. Additional police, stewarding etc would accelerate D-Day if they ain't cashed in players in January to help fund the additional cost. The club right now are totally defenseless to a supporter revolt

Director at companies House

Was thinking about possibility of directors putting Rovers into administration. Prior to September we had 4, however 1 is non executive therefore its likely he don't get a vote. Which left three, Cheston and Waggott UK based and Babu Indian based. The suspicious person in me, thinks the appointment of the 4th also Indian based. Was to prevent Waggott and Cheston passing the motion of administration as they'd not have a majority vote. This is me just thinking and certainly not substantiated , Thoughts?

We all have differing opinions, some frustrate more than others. Easier to just to respect it and move on

Just copied what we recorded below, might be worth additional questions posing by FF or RT As promised Mark and I met with the CEO and this is a brief run down of discussions. 1. Bridging loan - Taken out by Venkys against the training ground, using a long standing relationship with UK based businessman. The plan is this to be short term and they intend clearing it as soon as there is a relaxing of funds from India. They had to put up Parent company guarantees, but the liability of the loan remains with Venkys and won't appear as in the club accounts. The funds were made available to aid cash flow and ensure priority bills were paid. 2. Cash flow - although challenging the club has paid all priority bills, or renegotiated terms during the period up until and including the cash injection earlier this month, this includes all bonuses. No wages or bonuses have been deferred by anyone at the club. 3. Cash injection - the club are relieved with the 11 million or so which had been sanctioned by the Indian courts. Its a less than ideal situation as substantiation must be provided with each application and only bills, operating costs will be sanctioned. The money cannot be diverted to transfer funds and will be auditable on future applications. This money was to see the club until December 2023. 4. What's the plan for funds for the rest of the season? The club has once again put together a list of bills which will need to be paid, this will again go to the courts for authority to pay, the club are confident this will also be sanctioned. 5. Does that mean no transfer funds? If there is not a relaxation in India, then funds will need to be generated via player trading 6. Venkys sponsorship - Club taken 3 years payment of the 5 year deal in advance to cover cash flow. 7. DOF/CEO model, who decided this? This was Venkys Idea after seeing other clubs use this approach. 8. Have you taken paycut to fund a second person doing something you previously did on your own? No 9. We have had a good record previous to a DOF of buying players with a good sell on value, is it fair to say that most of our playing assets are now from the academy, who have a genuine decent value? CEO acknowledged that our assets are from within rather than those purchased. It was noted that Hyam, Smodzics etc were scouted prior to the new Management set up and have been a success in terms of purchase price, but also the previous recruitment team. 10. Are you on a rolling contract/fixed contract? Notice period from either side required to terminate. 11. Season tickets - Club recommended a much lower price to India, in particular on the early bird, however this was not acceptable and they set a higher opening early bird offer. It was acknowledged that the early bird offer didn't help low income families with the short duration and the club needs to learn from this. It was also acknowledged that the price was a stumbling block and something they will be looking at. However a large drop in price would have much wider implications if the club needed to later increase these year upon year, with the rises being much steeper for the club to remain viable in terms of minimum revenue required to operate within FFP. 12. Shirt launch - How do we launch a shirt and sell out within 2 hours? The club ordered 15000 shirts, and he feels the launch was great success, obviously we need to sell all stock as 15000 was big commitment, however the limited opening batch was out of the clubs control with all shirts ordered in good time. The lack of shirts was not related to the clubs funding issues. 13. Closing the Blackburn End - the club received a number of complaints and hindsight is a wonderful thing. With cash flow a major issue at this time, the club attempted to try and limit match day costs. As CEO, he needed to look through a wider lense if funds were not forthcoming. Being responsible for the lights being able to be turned on was the priority during a challenging period and the decision was not taken lightly. 14. Shaw will be remembered for a fax machine, and you for a coach you didn't buy but said you did? After a debate it was agreed the coach was a lease and we asked him to admit saying otherwise has become a standing joke with JDT. He stated they wanted to put some positive PR out as the coach is state of the art. We told him, that the demographic he is preaching to, some can't afford a holiday or the basics and it was a poor effort to appease the fans. 15. We asked what he feels is his achievements to date as CEO? He said stabilising the Club during the bad press. We challenged had he stabled the club or have those more vocal given him time and patience to rebuild? We pointed out crowd's have continued to dwindle, and season ticket holder retention should be one of his main priorities l. It's no good selling 800 new season ticket holders, if you are losing a 1000 existing ones. We pointed out that they have not left their offices, gone out to the masses in and around the area, surrounding areas , put pop-ups up or to date given supporters a reason to return. 16. Is there any redundancies planned as part of the cut-backs? Not at this time, some have left employment for other reasons and these won't be replaced. 17. Supporter consultation meetings, why have they ceased , we do not believe meeting the FF in isolation instead of an open forum ticks the leagues mandate following consultation with the league ? He disputed this, but was happy to be corrected if that's the case. They stopped because of covid, but would be open to them restarting instead of multiple meetings, if there is genuine interest from supporters to attend a more open forum. 18. New Indian Based Commercial Director - He is cc'd on emails as a director however to date, has not got involved with Ewood and is not on the pay role. The other Indian based directors are also not paid by Rovers, though Gupta does attend meetings and in particular surrounding finance. He plays a more active role, than is forseen with this new appointment which is more of a tick box exercise. 19. JDT contract - it is a 3 year deal with no talks of a new contract planned at this stage, he is ambitious. We asked why JDT thinks he was sold a pup? He reiterated that its the same job as its always been with no pressure on league position. Its always been about developing and trading regardless of financial restrictions this summer. 20. Did we adopt quantity over quality this summer ? It was acknowledged that not all signings have worked out yet, either this season or last. We've had to take more chances , but some players take longer than others to settle. 21. Have the EFL or football league asked questions or taken closer look at Rovers since the investigations India? He stated he talks weekly with both parties and at no point had their been any discussions or contact either formally or informally. The club are completely compliant. 22. Given the fans found out the bad news from the press, as it appears he does, is he aware of any more bombshells from India, that have yet to hit print? He said he was not aware of anything and Mr Desai has repeatedly reiterated the owners commitment to providing funds. 23. When does he think we wil be clear, so funds can be provided normally? He does not know beyond the short term facility in place. He is confident that although substantiation is required to get funds signed off, that there should be no blockers to prevent these funds being transferred. He again reiterated the owners long term commitment. 24. Have they considered partnering with a credit union or endorsing one to offer supporters a facility to save for season tickets, given not all appear yo even pass the strict finance criteria by the clubs credit provider? He was interested on how this could work and would be open to looking at various options to aid affordability over a period of time, providing the club were not responsible/liable for the savings. 25. Large agent fees - We asked why the agent fees were so big? He stated some are historical and on long payment terms, so this is not just recent spend, it's cumulative of a number of seasons. 26. Loan from league during covid - Its been a bit of a noose but the final repayment will be made in January. Above is just brief and I will happily have a chat off line with anyone who wants me to elaborate

The loons borrowed money where the liability is theirs using parent guarantees. The repayments are their responsibility and SW stated this loan won't appear in club accounts. He was also confident that this money loan would be paid off within months and the number was not that vast . It was a way of them putting money in from other sources other than India. He added that the source of the loan was from a long standing business associate of the v's who they utilise for other endeavours. It was in minutes I posted in meeting with Swag in December

Have you reached out to Kamy for alternative main stream media contacts? Always found the likes of David Conn , Henry Winter , Jack Gaughan and the independent as better outlets, than don't rock the boat LET

Anyway following the latest development in terms of supporter patience monitor, What is the plan? What happens next in terms of a response?

Thanks Duncan, I do feel minutes is a minimum requirement from any organisation, and of who was present and the questions and answers, If this is being added this be a big step forwards in communicating the discussions.

Thanks Duncan , as usual a great professional response, and update . I get the emails, but can't see any minutes of meetings on any of them, is there emails I'm not getting? On another note, I have asked this question previously privately, but will ask publicly as it does bug me, On the Trust history page, the trust has continued to not put my down as a previous board member, despite being heavily involved before the amalgamation and also former secretary, the only one the Trust does not put on!!! I appreciate we have newer board members, who at times appear to post in a manner that I'm against an organisation which I've promoted throughout, signed up and pledged. I'm allowed to ask question of the trust as a supporter without feeling I should not. The reason I stood down from the Trust was when I acquired the smoking gun regarding SEM's contract with the club , the trust failed to release this into the public domain and felt they did not want to put their head above the parapet (Granted 90% of the current board was not in situ). I therefore stood down, and released it myself to ensure the pack of cards came tumbling down around SEM etc, Any way would of asked this in person, but have done a number of times

You have a lot of meetings , where can we access the minutes to each meeting please? What is the next steps in reaction to the document from the Trust? What is the next steps in general?

I talk to Mark regularly, they are still active and have already warned waggott that it's not a case of if, but more of when protest returns. The appetite over the last few years of many aint been there. It don't mean they cease activities. I've been chairman of the Action Group and also the Secretary of the Rovers Trust, the membership bases are somewhat different in terms of numbers . I continue to support both entities and the EWMC and anyone really that will aid removing these shysters I did say a while ago, people had gone underground and are working away on things , including applying pressure in India to get the truth from investigators there. The thousands that won't go , remain the largest voice

Yes it's a group of passionate supporters formed from a meeting called by the Action Group years ago. They meet regurlar , are passionate and have long called for the removal of Venkys. I will speak to the Chair of the action group who are still active and hold the biggest membership base of none Internet groups, I will also speak to the EWMC to see if they have the appetite to call a long overdue public meeting. It's a start, but they will need people's support

All those years ago it was from my kitchen table, long before there was a group formed. Anyone can pick this up, if a group won't, others will follow and support that person

The call for people to take a stand needs to happen, There is two vehicles. The Rovers trust or the EWMC group, One needs to do this, both be great but one is a start

This is what we've faced for 10 years , You think everyone will wake up, but find you remain in the minority as the majority have walked away. The pressure don't exist

Thus is the problem, Hence my calls for pressure to be applied in an official capacity by using the media as the vehicle, stating factual reasoning that can stick and is credible. The numbers are smaller now than they were before , so all means need to be used to spread the facts

Totally agree its a big issue, it was a big issue 9 months ago too, What are we doing about it? Anyone who campaigns for the lot to go, I'm a 100% behind , always have been , always will be

To date I've not seen press release put out for the removal of Venkys in 8 years , or the board or the manager or anyone. I know I've previously issued lots of them, To gather traction, it has to go through the media. Its the only way you can put pressure on this lot, bar not turning up.

Well I will await the Trust or You to wage war then, get a press release out and actually put some minutes out so we can all see what is asked, what's going to be asked and what the answers are.

To get at the circus , you have to fight what's in front at you. What pressure is being put on Ewood, I've seen none

Will spell it out one last time, The club has NOT at anytime been issued with a winding up notice, I'm really struggling to see hysteria for something that never happened. They paid a tax bill late, 9 months ago. The cash flow and bills not being paid was put on here 9 months ago by me, discussed argued , denied by the club in 2 interviews by the CEO and its social media plants. You would think all fans are happily informed, but history tells us they are not. The wave at Ewood is as low in percentage terms as it was during the protest era. You are barking up the wrong tree, I want them all gone and have spent years trying , some have fallen bar that main chess piece, which is the owners. I'm not defending anything not even 0.0000001 % However to wage war, it has to be factual. For example if I spoke to the media today and asked them to report we have had a winding up notice 9 months ago, we would lose credibility as a fan base , as this is just not true. Lots speak to the club and have access to portals which documents like this one drop in, and some in an official capacity. Let's wait for them to explain how they did not know about it

Merely pointing out it was not put in here , Whilst also stating that everytime the pressure is mounting on things at Ewood a deflection appears. The venkys need to go 100% as lots have campaigned for, for years. However so does the clowns at Ewood and this cannot be lost or diluted

It's interesting this was posted on twitter by the Trust chairman, but not in here dont you think? A deflection from what's a shambles on our doorstep too. Every time the heat arrives on results or Ewood, by some miracle a deflection appears.