Tomphil2

I'm fearing operation dumb down in the latest chapter of managed decline is about to hit another gear. If they are going to shrink the club to its own income levels or thereabouts it's going to get very painful indeed and we'll only get rid of puppets once the deed is done.

Nothing will change and unless they get someone in with a sound knowledge of dealing with league business and legislation plus all aspects of the inner workings of a club then how long before we fall foul of the authorities ? Not long i'd say, no surprise if points deductions are on the horizon within 12 months time.

In two minds on this. On side we know his flaws, his past, his clear inability and reluctance to manage upwards and his obvious slippery character traits. On the other side he is the nearest thing to a genuine football administrator they've ever employed and has overseen a period of stability on the pitch at least. I think it's the guy above him who has and is the real issue here and to replace Waggot with Gestede will no doubt trigger chaos. End of the day though all they have done is brought forwards his retirement a bit and i expect it's another desperate cost cutting measure if he's off straight away.

Yep dumb enough to say the savings from the women's team will go straight into the mens transfer pot. Idiots beyond belief.

How much has the club actually ever cost them personally ? It's ALL on the company balance sheet underpinned by huge turnover it's probably not made one iota of difference to their own personal wealth. Nor has it ever impacted the VH groups ability to trade or be financed they'd have dropped it like a stone if any of that was an issue. They took it on and have kept it on to play around with because they can afford to and not panic about whether it's successful or not so all this benevolent/generous benefactor stuff is horse piss. They ruined this club not long after they walked through the door and they have hamstrung it ever since.

Wouldn't be shocked to see a Tom Cairney style sale appearing overnight in desperate need of a few million to pay a bill. Brittain would fit that kind of mould, couple of million up top and some add ons.

When is an impediment not an impediment ? When is no impediment actually an impediment ? For answers contact Mr S Waggot, Ewood Park, Blackburn.

The bulk of it will have although no doubt further instalments are due. Didn't the accounts get signed off because there was enough guaranteed income for about 12 months ? It also said large owner support would be required to keep trading beyond that ! There's goin to have to be a player or two sold pretty soon i'd wager.

The Brereton deal was certainly an out of the blue one but the fact he saw out his contract and left for nothing wouldn't have gone down well with whoever might have stumped up that money. I'd have expected high profile sackings for that one unless it's the stuff of persil non bio. Rhodes i know it was touted big Barry stumped up but they paid for him 2 mill a year so that leads me to think it was parachute money. Gallagher i reckon was Mowbray's present for promotion but we'll never know as they were providing bigger budgets overall back then. Pre pandemic though their core business was flying so i assume profit/tax write off money in India was flowing more freely than it does now. That's obviously before any investigations took root.

Yes the way they set it up to be run with the 3rd party very much suggests it was always part of the business empire that would provide mass exposure but run and pay for itself. It was always going to be sunk somewhere into the corporation accounts and imo it was but the pay for itself bit then became a loss leader instead, where it sat ever since until now. So many times we've heard Madame wanted to cut the wage bill so soon after they bought it goes against all this 'we'll invest' talk from the time. Also 'we'll lease' players etc and in truth they've NEVER ever really invested in players aside from arguably Jordan Rhodes after Best was injured. The whole spend v return in their time for transfer fees probably balances out and the only time there is money for players is when some previous sale money appears in the overall budget set. All this points to the only way they run and fund the club being from head company turnover and incoming transfer money and they'll never stray off that. At any point any one or all of them could chuck in a few million personal money from the hundreds of millions they are no doubt worth but as far as we see they never have. Which says loud and clear the club is still just a business/accounting tool and that's why there is little interest to take it anywhere, it serves that purpose plodding along under Suhail and they themselves don't need any money from it so don't care.

When was the last time we enabled a gaffer to have a full pre season with 90% of his squad ? Probably the days when we didn't sign anybody.

After the JDT farce season they managed to counter a mass drop off with a £30 discount. This time they've stopped it from being out right disaster with earlier sales and a cheaper change of stand option. Lets not mess about they are doing these things out of desperation nothing else, the pair of clowns are just covering their backsides but at some point it will catch up with them. How many others would lose a thousand ST's after finishing 7th ? The lack of trust in those running Ewood is killing the club slowly but surely.

I wouldn't trust ANY govt to hold bonds or guarantees of tens of millions regardless of what it's for.

Apart from being on the shirts and plastered around the stadium. So we presume that VHPL is owned soley by the Rao's ? Which would fit into the they call all the shots and can never be questioned by anyone here or in India narrative.

Absolute managed decline due in large part to the imbeciles they pay to run the club who do not have and never will have the experience or gumption to take it in any other direction but shrinkage.

Won't be for long though he's no stranger to the treatment table.

It ain't the first time and it won't be the last.

Last time i looked at VH group there seemed quite a few shareholders although i presume the family are the biggest. There were some heavy hitters on their board as well, retired army officials etc. I doubt they've all been fully in favour of their company sending 15 million or more per year to a British company that provides nothing in return other than large tv exposure to the 'Venky' bit of the company. One does wonder how all this came about in the first place, inside job ???

Aye that's my point really as although they are fabulously wealthy i think that wealth is overstated and is all assets combined. The way they fund the club from what we see is the main VH group sends money for bills from its huge monthly turnover and the club via VLL just sits in the accounts somewhere soaking excess money up. So to send 10/20 mill a year over with the same amount guarantees against the business or assets is then stacking up extra debt against it all. Otherwise securing against personal money/assets if it goes on and on is tying huge amounts of money up and of course one wrong move or the govt decide to shaft them they'll keep the money or hold it forever, especially say if a full war breaks out over there. We moan quite rightly because they are in danger of dragging Rovers down again after propping it up off the pitch for years but it really isn't a straight forward issue unless restrictions are lifted. Even then i doubt previous levels of funding will ever be reinstated given their profit margins are now massively reduced due to price increase of raw materials. As you say though it's nothing like the slant SwagHail and the apprentice tea boy are putting on it and i suspect there are alarm bells on standby down there.

Like i said at the beginning they're playing musical seats with the same fans instead of making a genuine attempt to draw more in. People swapping stands to save 50/100 quid plus isn't going to improve takings is it nor will it improve the atmosphere. likely the opposite. Thick as the mince sitting vacuum packed on ASDA shelves this lot are.

That would be the difference i suspect between bond and guarantee, one being actual funds held separate the other provided by their bank against something. Nobody seems to know although i suppose it could be a combination of the two. Either way and i'm not defending them here it's a difficult one because it either burdens the company with potential debt that it normally just loses in the books. Or it ties up massive liquidity personal or otherwise, 10/20 million a time is a stretch for anyone if it's ongoing in that form.

They will get desperate because in usual fashion they've left it to chance let it rumble on and now go into panic mode because at some point in the near future the club will run out of money. All that has been obvious all along to all but the Venky cheerleaders in the fanbase. That means panic sales, expensive external borrowings etc OR they have to pay the tariff to send money OR ...SELL ! I cannot see this ending well for anyone tbh unless the judge bends over.

I'd say it's because it then stands as a 200 million investment on the company portfolio that will guarantee a return when - IF- it ever reaches the Prem. Even Venkys will have to answer to their own bankers etc occasionally and despite how it's run like on a whim the club is actually a company investment not a personal one.

Gestede talks shite it's just the same soundbites lifted from previous people except he contradicts himself and shows the novice that he is. Plus he repeatedly told everyone the owners are putting money in the owners are funding us despite all available evidence for over a year showing otherwise. I'd suggest nobody knows the budget yet until the V's summer meeting, nothing unusual in that with this lot but this is where major problems manifest. Those at the club 'assume' the budget will be the same and set the stall out for that... then......meeting in the farmhouse and 'no you must cut another 10/20% off it' !

Number 1 now, number 12 by morning in typical fall away style.