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Uncouth Garb - The BRFCS Store
Everything posted by Herbie6590
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Rovers main assets that could easily be liquidated are the players. Next is probably Brockhall though that is, as we are seeing, more complicated and time-consuming. Redundancies typically aren’t cash flow positive for some months in any event - especially if the staff made redundant have been in post a number of years. In the context of Rovers, the wage Bill of the entire admin staff is but a blip when compared to the players...or Waggott’s for that matter. Businesses rarely shrink to greatness...sometimes they sell off non-core operations to focus on the main one & that turns it around...but once you start selling fixed assets then it’s a hard cycle to break.
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Please...let’s keep the debate on the facts of the proposal not personal slurs... I keep saying it....this is a cash raising exercise to mitigate Covid income deficit...it’s blindingly obvious. Realising the impact such a proposal will have on the fanbase, a positive spin is being wheeled out by the club. Many are taking it at face value, others (myself very much included) can see it for what it is. In my professional capacity I have seen numerous instances of businesses struggling with cash flow having to make difficult decisions regarding asset sales.
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Yes, I agree...what I’m saying is park that...because I simply don’t see how less is more on a purely logical, cold hard fact basis. The legacy aspect is reason enough for me, but for those with whom it doesn’t resonate all I seek is a logical argument as to why less is better, because I don’t get it.
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FWIW the legacy aspect is emotional & frankly probably means more to older supporters...park that, let’s just consider the facts for a second... 1. Smaller site - how is that better ? It introduces a constraint that isn’t present today 2. Fewer pitches - how is that better ? See above... (True, we might save on some fertiliser, grass seed and labour costs but that is truly small beer in the overall running costs 3. More players using a new STC that by the club’s admission will be no bigger than the current one - how is that better ? Will this make it easier or harder to attract talent ? Will it threaten or improve our comparative stance when parents bring their kids to the club ? This deal is to raise cash....that is self-evident...I just wish they’d be up front about it & not try to spin it as a progressive move. It is just like schools having to sell playing fields to keep solvent. You can do it once...but what do you do next ? I should try this with Mrs H...”I’ve sold our house love and next week we move to a new state of the art flat...”
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Mowbrays Successor
Herbie6590 replied to Darwen Rover 007's topic in Blackburn Rovers Fans Messageboard
Other way round... -
I’ve Tweeted some thoughts from BRFCS - trying to think of a benign explanation... - obtain planning permission, increase value of assets in the balance sheet, window dressing exercise - frees up some equity from the estate...move the STC to another site ? BUT...more likely...sell off part of the land, consolidate into smaller site, cash inflow reduces debt owed to VLL. This is what I feared would happen 8 or 9 years ago TBH. For the club to not issue a press release suggests they hoped it wouldn’t get picked up or they don’t care what we think.
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Mowbrays Successor
Herbie6590 replied to Darwen Rover 007's topic in Blackburn Rovers Fans Messageboard
I don’t get the Frank Lampard vibe...he took 6th placed Derby County to 6th place after bringing in 9 signings... -
My understanding is sadly, No...but if it turns out I’m wrong I’m all ears 😉
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Venkys London Ltd accounts
Herbie6590 replied to Pete1981's topic in Blackburn Rovers Fans Messageboard
You are correct, I was referencing VLL re the share issues. The funding from the ultimate parent in India comes in as share capital. -
Venkys London Ltd accounts
Herbie6590 replied to Pete1981's topic in Blackburn Rovers Fans Messageboard
It’s a bit more nuanced Kamy...they tend to convert the debt to shares thereby signalling that it’s a permanent investment in the balance sheet. If it remained as “on call” loans then that might signal a cause for greater concern. Frankly, whether loans or share capital, the only realistic way that they ever get their money back is turn us into a solid Premier League side that can count on ever-growing TV revenues...or we develop 11 Phil Fodens through the academy... -
Quick heads up to let you all know that we have teamed up with Rovers Radio to use our podcasting...er...expertise...to produce jointly a show bringing together football & music in a Rovers theme. The first episode is in the can as the professionals might say & Rovers Radio will publish the first episode next Sunday morning on their site & hopefully it will become a regular feature. More details to follow later this week....👍🏻
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Dunn joins (Blackpool) (Barrow) Fleetwood
Herbie6590 replied to Stuart's topic in Blackburn Rovers Fans Messageboard
https://www.fleetwoodtownfc.com/news/2021/february/dunn-joins-town-coaching-staff/ This has the potential to be the longest thread title on here... -
QPR Away / Mercer’s Wine Club
Herbie6590 replied to roversfan99's topic in Blackburn Rovers Fans Messageboard
This site is run on “benevolent dictator” principles....we just need to master the benevolent bit & we’ve cracked it 😁 -
QPR Away / Mercer’s Wine Club
Herbie6590 replied to roversfan99's topic in Blackburn Rovers Fans Messageboard
I’ve changed thread titles in the past...usually when David Dunn turns up at a new club...🤣