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Uncouth Garb - The BRFCS Store
Everything posted by Herbie6590
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Which is why it won’t be a candidate I guess... the asics McEwans red & black shirt remains a classic IMHO, also the Time/Kappa one with its memories of Deepdale etc
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Now I look more closely...?
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Supporters Consultation Meeting - Thursday 21st June
Herbie6590 replied to J*B's topic in Blackburn Rovers Fans Messageboard
Agreed - thanks to you & Tom -
In this day & age, when was the last transfer exclusive that any newspaper broke ? There are so many outlets, chancers & ITK social media outlets all punting that on the law of averages somebody somewhere will get it right thus making an exclusive really very difficult to keep quiet. Last time I was pleasantly surprised at Rovers I think was Roque Santa Cruz...never saw that one coming.
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@bob fleming especially for you... https://www.independent.co.uk/voices/boys-need-men-to-teach-them-to-be-really-silly-1611916.html
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Misty Buff...Mint Sunrise...
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& of course... Paul Ince *hides behind sofa*
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I was just about to post this...a terrific analysis...??
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I asked Alan Myers on Twitter - said he was a good lad who lost his way at Everton
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I suspect FFP rules in the Championship would kybosh anything other than a modest spend TBH.
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@PLJPB it’s a great point which I missed, so my bad...flicking from VLL to BRFC, newco to oldco, March y/e to June y/e is the only excuse I can offer for overlooking it...well that & stupidity ?. Having done a quick “compare & contrast” to VLL, we can definitively say they invested £128.5m in VLL to March 2017 - the BRFC a/cs to June 2017 indicate increased parent borrowing, decreased bank borrowing subsequently, so I would argue that V’s “investment” is therefore of the order of c.£130m. [You are welcome to come on a podcast when next year’s a/cs are out to keep me & PhilipL on our toes. ?] ??
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It’s a fair cop...?
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In summary...we took a lot of money in when we were in the Premier League...but still made a loss. V’s made some “interesting” deals which cost money; managers, agents, players...we lost a lot more money. We went down twice. V’s cut the cloth accordingly. We lost money. I would not be surprised to see a bigger loss in June 18’s a/cs given League One income levels. That said...it’s been managed relatively prudently in the last 2 years. Had a new owner bought us at the beginning of 2016/7 season and turned in those numbers on falling t/o I would have been impressed with their acumen. Of course, the massive difference here is that it is V’s that got us into this mess initially...
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Corporate law doesn’t require disclosure at a level of invoice by invoice, just by categories. The June 2017 BRFC a/cs show a headline expenses figure of £27.9m. Wages & on-costs accounts for £22m of that expense in the year to June 2017.
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The point re VLL is spot on, but it’s still Venky’s money. The “£250m” was quoted as V’s approximate investment ie the shares plus the interest free debt that you reference above.
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The share capital in BRFC a/cs is £147m. They are also have lent £95m interest free as at June 2017.
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For absolute clarity - the debt in BRFC a/cs is c.£115m not £250m.
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I’ll try to clarify - all refs to the June 2017 BRFC a/cs Venky’s “investment” is £147m in shares plus £95m lent from the parent - this is the “£250m” figure often referenced. T/O to June 17 was £14.9m, wages were £19.4m. I presume your figures are from VLL ? When you say that they can sell the shares, technically you are correct, but who is buying ? Of the total debt of £115m - £95m is borrowed from Venky’s - IMO that’s better than borrowing from the bank because V’s lend interest free unlike the bank.
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It’s a lot more than that - as at June 17 a/cs nearer £250m.