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glen9mullan

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Everything posted by glen9mullan

  1. Some suggesting on twitter we would get funds now based on previous ruling? I'm not sure that's correct but dont know its incorrect either. . Pretty sure SW said we had to provide substantiation to each claim and given they granted the funds on the previous bills, surely they won't just grant another 11 million blindly in absence of the hearing? I genuinely don't know their laws . Anyone more legally minded know the likelihood of the above scenario?
  2. A Wharton sale will come down to if JDT gets 85% to spend in this window. If that's a NO , I can't see JDT or GB entertaining the idea. The longer we can't get transfer fee money out of India the need to generate it from sales grows larger with the results on the pitch alarming. True saleable assets are few and far between . Getting a million here or there for a first team player ain't going to generate a fund decent enough to attract better first team players. It's a certainly a conundrum for the manager and GB I suspect
  3. Some interesting footage of the fall under these cretins, but also interesting points like the LET for example backing the supporters. Keep the good fight , just listening to the likes of Tony Parkes and others, brings back the memories of the past. We cannot allow any of the story under V's be lost It was only a few months back we had interviews claiming its the best it's ever been under V's and articles claiming they were one of the leagues best owners. The only people who will tell our story , is our fans. The personnel may have changed, but the decline remains. https://ewoodpark.jimdofree.com/the-venky-s-reign-of-error-the-protest-movement-video-s-key-players-media-articles-chronology-of-events-and-photo-s/
  4. No issue with LET journalist, Though the fact he is rehashing minutes and meetings he didn't attend as news , then admitting he ain't ever had a meeting with SWAG himself , somewhat loses credibility. The SWAG is very accessible , and if people who don't get paid can get meetings in their own time, you'd thijk the local RAG could, or at least a call to substantiate or deny. No wonder the sales of newspapers are dropping
  5. @J*B we have not had a BRFCS poll for a long time regarding where the blame lies. If our season tickets are circa 9000, then any poll 900 or more participants is a nice percentage for a, A recent poll was carried out which equates to 10% of the home crowd . Just a thought?
  6. That's my wife banned from putting my shirts on washing line
  7. There is a substantial post venkys supporter base. They've lost thousands of pre-venkys with new ones who were either not old enough to remember rovers in 2010 or have got the bug since.
  8. If we lose this weekend, it will organically go off i think
  9. I can't disagree on the fanbase, however I've always been in the rather ",Try and fail" than not try at all. Had I not got of my ass 12 years ago, SEM would of took us to the cleaners. Yes more should of stood up and it was heartbreaking to see those who didn't. The hours put in by those who tried including yourself will forever be in the grain and history of our club. I cannot even begin to explain the hours and 10s of thousands of my money I invested in trying to get to the truth, the inheritance my family will need soon. The friends I've seen pass, who stood shoulder to shoulder. I'm not as able as I was back then, sadly life has taken its toll in the cruelest way, but whilst I have a pulse , I will always give my 100% support to aid those who want to rid this club of the rot. If that means standing in the cold, marching down the street or getting on the pitch , I've give over caring , providing the end result is they are gone. The lights only go Out for me when God says come on, you have now expired
  10. It's throwing around discussion for debate You continually being pessimistic without putting forward an alternative is tiresome. I believe you are in the Venkys out camp? Thinking outside the box, might not be the game set and match , but everything evolves from suggestions
  11. If the debt is secured against something this can be better as at least they can claw off from the guarantee, However if its unsecured the only option they have is the courts and winding up for non payment as their is no security to repossess
  12. If you create a cost the club can't cover and hasn't been accounted for in the latest application to courts, then bills won't be paid. If it ain't paid threats of winding up orders can suddenly become more than threats. It leaves V's two options. Admin and lose everything, or sell. I've been a director/shareholder of a company with a decent headcount that we had to put into administration due to not being able to pay creditors because we was owed £2.5 million by a large enterprise. Be under no illusions, any unsecured creditor can put you out of business if you aimt got the means to pay. In addition as someone who has organised protests , you be extremely surprised how much planning goes into it from the council , club , police etc . Its not a case of, chuck a few extra bodies on tonight. Many of rovers games nowadays are without police presence due to cost
  13. Seen a lot of posts around social media, and the club do have their spotters and have to risk assess the possibility. So prevention will become a consideration
  14. 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
  15. 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
  16. 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?
  17. We all have differing opinions, some frustrate more than others. Easier to just to respect it and move on
  18. 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
  19. 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
  20. 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
  21. Anyway following the latest development in terms of supporter patience monitor, What is the plan? What happens next in terms of a response?
  22. 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.
  23. 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
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