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Crimpshrine

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Everything posted by Crimpshrine

  1. From a couple of years ago: Tom Sutton – Head of UK Scouting About: A local lad, Tom first started working for Rovers on work experience 10 years ago, before returning on a full-time basis this summer. He said: “I’ve been here for six months now and it’s been really good. The summer window was chaos at points, due to the changes in the department, but it’s great to be part of the club that I grew up supporting.
  2. And it also doesn't say that they can send money. They can fund the club in other ways - as previously discussed
  3. If you could point me to the statement that clarifies the bit in bold I would be very grateful. They have not said this.
  4. We discussed this at great length in the Rovers Trust thread ( page 29 ). Waggott issued a carefully worded statement regarding the owners 'ability to continue to fund the club' but the issues being discussed in the court case in India are a long way from being resolved. Funding at the moment is coming from player sales and loans secured against the training ground.
  5. That is another good point. Why would they take out expensive loans like this if they were free to send funds from India?
  6. The club have not stated that they can freely send funds from India. Waggott has stated that the adjournment in March did not affect the owners' ability to continue funding the club. This is true because they can use transfer income to fund the club. Nothing changed in March because there was no court hearing. Even if Venky's were allowed to send funds from India, they would need to match the amount with a security deposit to the BOI which would be a big increased burden for them. I've posted this a few times - there was a telling sentence in the LT back in March: stating that the adjournment had prevented Venky's sending funds that they had hoped would see the club through to the summer. Luckily, the Wharton and Raya cash has acted as a cushion. Without the transfer income we would have been struggling.
  7. I agree. I don't think they can send any money at the moment. As stated in the LT: "£11.5million was transferred in November to provide funding until the end of January and Venky’s wanted their latest application to cover the club until the summer and beyond. They need to apply to send money and the application isn't being heard until August. Waggott has stated that their ability to fund the club is not affected - this is true as they can use income from player sales to fund the club - at the moment anyway!
  8. “No matter how hard the past is, you can always begin again.” Buddha.
  9. Sounds like Waggott signing up a few of his mates while acting as their agent. Watch John Fleck get a contract extension too! Taking advantage of his new position of power before the house of cards eventually tumbles.
  10. The move to Palace has obviously been perfect for Wharton and he has grasped the opportunity with both hands. I am pleased for him. On the other hand I am totally gutted that we had to sell him so soon due to Venky's self inflicted problems in India. I'd rather see him in a Rovers shirt than an England shirt.
  11. And think about it further, his payoff and NDA probably cost money. So no savings at all really
  12. Gregg was removed because Waggott didn't like him and didn't rate him. It may help towards cost cutting but it definitely wasn't the main reason.
  13. I don't think there will be a new DoF. Waggott will simply expand his empire.
  14. Common knowledge. I thought every Rovers fan had this opinion.
  15. I think you are right - John Fleck being a prime example! Next season is going to be interesting for all the wrong reasons.
  16. In the Swiss Ramble article it states In March Venky’s said that the Indian court case was now only related to “technical and procedural issues and should have no future impact on the owners being able to continue to fund the club” This is actually taken from a statement issued by Waggott , not Venky's. In the same LT article that there is confirmation that Venky's still need to get permission to send money. this was when the court case was postponed : "£11.5million was transferred in November to provide funding until the end of January and Venky’s wanted their latest application to cover the club until the summer and beyond. The sale of Adam Wharton and the influx of money from a sell-on clause in David Raya's move from Brentford to Arsenal will provide some buffer for the club". So, as far as I can determine, the owners ability to fund the club is still very much in the balance and we are reliant on money from player sales until August at the earliest.
  17. No problem adding experience as we have been lacking it for years. I can't see why Broughton would not agree with this. What worries me is that Waggott now has an appetite for getting involved in player purchases and harking back to his old methods when he was a player agent. Eustace/McFad/Fleck were all Waggott signings and I can see more 'contacts' being approached for one final payday.
  18. It is certainly true that if they do invest any money outside India they need to pay the equivalent to BOI as security. However, I think they still need to get the permission of the court to do it. They definitely needed the permission last November and I don't think anything has changed - hence the need for more court hearings But as you say, even if they can, they won't.
  19. Waggott is very clever with words. I think he has stated that the Indian court case will not affect the owners 'ability to fund the club'. I am convinced that the owners can not make any new investments in the club until august at least. The income you listed in a previous post ( £60m ) is, effectively, the owners money to do with as they like. They have chosen to use it to fund the day to day running of the club - so Waggott's claim is true. Obviously this is unsustainable and is not benefiting the club. Venky's are just very lucky that player sales came at a time that coincided with their restrictions in India. Without player sales we would be reduced to loans against the training ground as the only option. If the situation in India is not affecting the owners' ability to invest then why were budgets slashed last summer and why is crowd funding being mentioned for safe standing when the owners could pay for this without affecting FFP in any way ? Waggott does know more than us but he is very rarely completely truthful
  20. Good shout but he's probably happy doing what he does. Why put himself in the firing line?
  21. Exactly. He wasn't even an active DOF in January. McFad, Fleck and Eustace were Waggott signings
  22. Broughton is going because Waggott didn't rate him. As soon as JDT went, Broughton was on his way. Broughton has been sidelined/ignored since January but Venky's don't like to 'sack' people so they just wait for a convenient time for them to leave - with a nice NDA of course.
  23. 12 short months ago we were going into the last match hoping for a playoff place. Where did it all go wrong ? I'm reasonably confident we will stay up but I think it will be through the failure of others rather than a great performance by us. Just worried about people getting injured in the rush for season tickets once the prices are announced.
  24. I think they declared the house purchase as an asset of their poultry business so the Indian authorities saw this as a tax dodge. A chunk of the £5 million may have to go to the Indian Government to make up for the missing tax and maybe a fine. Once that is sorted, they may get some of their seized assets back. I doubt any of the money will make it's way to Ewood.
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