Herbie6590

On the way home, the four of us in the car discussed MOTM & how difficult it was to land on someone who had been vaguely competent. I was waiting for this analysis with bated breath and fully expected a top score of about 6 being awarded… Lenihan’s score is really surprising but it serves to show that in the fog of battle it’s possible to miss significant contributions. interesting to see how it compares to this… https://brfcs.com/magazine/football/match/717294/peterborough-blackburn?tab=voting

Rovers “entertain” the Potters at Ewood…please feel free to add observations, thoughts & predictions here…

Northampton…surely nailed on to go back to Watford 🤔

https://www.brfcs.com/magazine/articles/if-i-hadn't-seen-such-riches.../225

Check this site out... https://www.gettyimages.co.uk/photos/by-w-h-talbot-archivepopperfoto

It's November 1989. Middlesbrough visit Ewood without an away win all season. Rovers are unbeaten at home. Middlesbrough are playing a centre back up front who only ever scored 16 goals in over 200 games in the league for Boro. Tony Mowbray is in the Middlesbrough defence. Strap yourselves in...

The evidence of my eyes borne out with Pickering & Rothwell…didn’t think Wharton had had such a poor game…

I don’t get that the need to chase sponsorship precludes it from also being dedicated to Tony. The Tony Parkes Riverside supported by BigCo Ltd. Any sponsor associating themselves with TP will benefit from the link IMO.

It did for me TBH…the final insult…

Interest payable isn’t the issue…

@RoverCanada No major surprises...we knew what they were doing to address Covid & they duly did it. The key for me is the revenue. Unless & until we can grow that we are pushing water uphill...

https://threadreaderapp.com/thread/1511593262636752897.html

It’s rapidly reaching the point where nothing but consecutive victories will suffice if the play-off dream is to sustain… Blackpool up next in one of those old-fashioned Lancashire derbies the used to feature on Granada…like this one in 1978 https://pyroonthepitch.com/2018/02/28/people-on-the-pitch-5-blackpool-v-blackburn-rovers-football-league-division-two-04-02-1978/ A reversal of that scoreline would do nicely…

https://www.prestigevenuesandevents.sodexo.com/venues/blackburn-rovers-football-club https://www.rovers.co.uk/news/2019/june/rovers-link-up-with-sodexo

The staff will be all those on the BRFC payroll. So if any service is outsourced (e.g. catering to Sodexo) they won’t be included. Re-playing staff - we have two full squads beside the seniors… So that will multiply the numbers of support staff I guess - coaching, medical, scouting, admin, welfare, educational….🤷‍♂️

It times out…but links to this companies_house_document.pdf

Well the directors are paid c.£0.5m so I think it’s safe to say the 1st team wage bill accounts for more than £10m…or the folks in the ticket office are on £10k per week…😉

The wage bill isn’t £10m…

Well BRFC has to see *some* cash....from somewhere...cash comes from 3 sources; shares, loans or trading. BRFC needs cash from somewhere to pay the bills. Trading doesn't generate enough. Currently, Venky's make up the shortfall in working capital. How they do it is accounting detail (loans, share issue...etc). When they stop providing the cash that plugs the gap, the lights go out. Leasing is an additional revenue burden on the club, far from ideal. What happens after a sale ? Well, that depends - a bit like when you buy & house & negotiate on the fixtures & fittings. "How much rent for us to continue to use the STC then ?" What happens after an administration ? Assuming only BRFC is placed in admin, the STC would not be included. If someone buys BRFC from the admin, the purchaser would have to separately negotiate the rent on the STC if they wanted continued use, far from ideal.

Less than ideal but in reality, it makes little practical difference. If the STC was owned by BRFC it could have been sold at any time…

I’ve closed the poll because it’s a tad disingenuous given that the question was posed in November 2021 so “NOW” is something of a moving feast… If someone really feels so inclined, by all means start a new thread/poll but I ask you put a date on it “Manager change at the end of the season, month, week, day..” or whatever 👍🏻

NO. Please read my post above.

A lot to unpack here…in the nicest possible way, I think you are worrying unnecessarily about a lot of this. It’s window-dressing in the main to address FFP. Not all the pertinent info is available at Companies House yet (e.g. Venkateshwara London Ltd is a new company, almost certainly a special purpose vehicle set up specifically to conduct this transaction - so no accounts yet filed). 1. My take is that the sale is agreed and contracts for the sale exchanged at some point in June 2021, with all monies owed to the vendor (BRFC) to be settled by 30/6/23. In other words, BRFC can account for the profit straight away to help with FFP but the cash will follow in due course. 2. Venkateshwara is a Newco & the share capital of the business isn’t currently sufficient to produce £17.3m to enable them to pay the cash over; so instead they have arranged to borrow the £17.3m at 4% over base…akin to borrowing money to buy a house, exchanging contracts with completion (Funds transfer) to follow. The party buying the property borrows the funds, the seller gets the sale proceeds at completion. 3. I am deducing therefore that the loan is in the books of Venkateshwara & the interest liability is theirs to service - NOT BRFC. 4. As BRFC is now a tenant at the STC, it pays rent. The £6,827 rent must therefore be for the period in June 2021 following sale, up to the company year end (30/6/21) - so this means it’s for 1,2,3 or 4 weeks - I can’t seem to see the precise sale date. Let’s say it covers 2 weeks, so £3k per week or £150k per annum that BRFC now has to find from cash flow. This is an additional liability on the club, but it’s coffers will get £17.3m in to ease the pain at completion. 5. Venky’s are at both sides of this transaction so accusing them of making a tidy profit simply doesn’t add up. If I own my house in a company name (that I own) & sell it to another company that I own; I would be at both sides of the transaction so it all nets out in my bank account ultimately. Hope that helps…

& a pitch invader…

The set up after the game was areal 70’s throwback…utter bedlam. Away fans gates open & ranks of local nutters lined up waiting…horrific.