
RevidgeBlue
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Uncouth Garb - The BRFCS Store
Everything posted by RevidgeBlue
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Respectfully disagree - after permitting the initial transfer of the £11m the judgment went on to say that after "every" remittance to it's WOS (wholly owned subsidiary Venky's had to provide supporting Bank Statements etc etc and a Bank Guarantee and on that basis their application was considered dealt with. Perhaps the Club should have read the judgement more carefully or thought that "The situation is unclear" sounded better than "We don't want to pay double" in the accounts.
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I mean, as much as people don't like them, possibly you can't blame them for not being willing to pay double bubble BUT that doesn't help us in the meantime. As long as this stipulation about the bond is in place and they aren't willing to meet it, that makes them effectively no different in real terms to owners who are unable to fund the Club. There won't be a Szmodics or a Wharton round every single corner to keep the lights on.
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Sorry, it seems quite clear from the extract of the Court papers provided by Duncan that that is wrong. The judgement thus far appears to concede that the Club are "not yet under the cloud of suspicion" therefore money CAN be sent as long as it is on each occasion supported by an equivalent supporting bond and provided they subsequently back it up with the details of what it's required for and Bank statements showing where it's coming from. etc etc But like Josh says they're probably not doing because double bubble is now too expensive and too much trouble.
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That does tend to indicate that they CAN in face send money whenever they want as long as they provide the equivalent supporting bond and complete all the relevant paperwork retrospectively. But as we can see - they clearly aren't doing. Choosing instead to let the Club wash it's own face courtesy of a couple of fortuitously timed sales. WHICH - imo in many ways is worse than being blocked from doing so.
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Just to follow up on Josh's point then - if their success rate in prosecutions is so high; what is it that makes Venky-s think they can win this one? Do they have a genuine belief, or, is it merely a tit for tat retaliation against the Authorities causing them maximum inconvenience and tying them up in Court for years simply because they can?
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Organisations like the Trust and Fans Forum absolutely have to step up now and not let Waggott get away with any more crap whatsoever along the "This doesn't affect our day to day operations" line. Obviously it does. Over the last 12 months we've been selling anything of any value, scuppering high value incoming deals and not reinvesting in the team whereas before these particular financial difficulties the owners were (commendably imo) quite happy to risk the likes of Rothwell and Brereton walk for nothing in the hope that by keeping them they'd fire us to promotion.
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Over the years they do seem to have had intermittent periods where they have splurged loads of cash and others when the taps appear to have been turned off. This feels slightly different now though, like a concerted effort to sell anything of any value and until the next player "does a Szmodics" and improves out of all recognition they appear to have more or less completed the task. To be fair, I did say "If" not "They will".
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At this point after 2 postponements if the owners were serious about doing the right thing by the Club they'd settle the case out of Court and pay some sort of financial penalty. If they believe they're in the right and are intent on fighting the case on principle however this could drag on more or less indefinitely. We're obviously right at the bottom of the Court's list of priorities.
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Travis was great against Derby and to coin a well worn cliche is " one of our own". If he is one of our higher earners then the similarities between him and Gallagher end there. Must be in a minority of one but I still can't see what all the fuss about Tronstad is about. Very over-rated imo. In addition JRC has also started the season in dreadful fashion so a sale of Travis now would be an absolute disaster necessitating the addition of two decent central midfielders before the window closes. Talk about cutting off your nose to spite your face. I wouldn't have thought with hindsight that it was in dispute that loaning Travis out last season to save a few quid was a massive mistake that we only just got away with, yet here we are allegedly looking to compound the error!
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v Norwich City (a) - 17/08/2024
RevidgeBlue replied to Upside Down's topic in Blackburn Rovers Fans Messageboard
I didn't see the game today but I really don't like Brittain. I think his attitude is shocking and he doesn't seem to think things like getting tight to his man and preventing them from crossing are part of his defensive remit. In an ideal world I'd change both full backs in a heartbeat. Neither are anywhere near good enough. -
That presupposes a final determination of the case in its entirety which may not occur on Tuesday. What I meant was, if the status Quo is maintained and the decision is they can continue to send funds over if an equivalent supporting bond is paid as opposed to not being allowed to send money over at all.
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v Norwich City (a) - 17/08/2024
RevidgeBlue replied to Upside Down's topic in Blackburn Rovers Fans Messageboard
He can park Waggott's luxury Coach across our goal if we come away with the 3 points. -
Billy Koumetio. Signed permanently for Dundee apparently which just about shows his level. I didn't think Tyler Morton was much better either. I think we need a good permanent replacement for Szmodics and a solid keeper as a permanent signing as the bare minimum. I'd also LIKE a new full back on either side, at least one pacey winger and a creative midfielder but I expect to be broadly disappointed. Take your point on the loans but our record over the years has been extremely hit and miss in that respect. For every Elliott or JPVH there's probably been three or four George Hirst's Zeefuick's, Barry Douglas's, Poveda's, etc etc
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v Norwich City (a) - 17/08/2024
RevidgeBlue replied to Upside Down's topic in Blackburn Rovers Fans Messageboard
I would have fancied us to win this had we still had SS, as it is I fear his sale will have killed all momentum and have had a demoralising effect. Lot of pressure on the new lads now, big difference between going out knowing you have SS in reserve if need be, and not having another option. 2-0 or 3-1 Norwich. However, I'm usually wrong at predicting the results of football matches, so here's hoping. -
If the three new forwards do particularly well then we should be OK in terms of not going down but if not, and if the rest of the squad is basically no better than before, then we are in trouble. That squad with Szmodics' 27 goals and Adam Wharton for a large part of the campaign only stayed up on the last day of the season. Take away Szmodics' contribution and we would have been toast. A lot depends on whether the three new lads can keep it up and on the quality of the recruitment between now and the end of the window.