In I order of most responsibility for this situation I blame:
1) Venky's - A complete mystery as to what they want from the club and a total lack of knowledge in running a football club.
2)SEM/Kentaro/Jerome Anderson - A vicious, vampiric cancer afflicting the club and siphoning off what little money we have
3) Steve Kean - Tactically inept, insanely overoptimistic and rumours of influence in Big Sam's dismissal, not to mention lying to the police after being charged with drink driving
4) The Walker Trust - Couldn't wait to flog the club to the first buyer
Those quotes are absolutely horrifying to read. Do Venkys really have so little money or do they actually have quite a lot but aren't prepared to spend one bit of it on Rovers? Our worst fears seem to be slowly being realised over their intentions for the club.
"4) The Walker Trust - Couldn't wait to flog the club to the first buyer"
Disagree - conducted due diligence and found Venkys to be a large established trading group. They cannot verify Venky's intentions (who knows what they saw and the difference in reality). Would suggest Kentaro showed Walker Trust what they needed to show - not necessarily showing Venkys the same picture.
" Do Venkys really have so little money or do they actually have quite a lot but aren't prepared to spend one bit of it on Rovers?"
I suspect the latter (although quite a lot = a reasonable amount) - which makes their insistence on holding on the club somewhat mysterious.
Michel Salgado, Jason Roberts and Keith Andrews are all expected to be sold
-------------
Rumours abound about Junior, Formica, Samba, Nelsen, Nzonzi Robinson and Yakubu as well. We'll be lucky to get a squad together!
@ RTH
I suppose I may have been a bit harsh on the Walker Trust (after all they could have sold to that dodgy Syed bloke) but I think they had go to the point where they were desperate to sell up and would go for any semi-decent offer from a seemingly reputable source without looking too deep.
Just been reading the Independent article and came across the following part
"With the owners Venky's now willing to listen to offers for the club, attempts by local MP Jack Straw and others concerned for the future to elicit information about the company's plans continue to be frustrated. There has been no response to emails to India laying out the three options open to them – invest now, rebuild from the Championship next season or sell up"
Owners willing to listen to offers for the club? Hopefully true, doubt it is though!
Rob,
I put the FA at the top of that list to be honest, Our governing body should be wading in here with a "WTF is going on" statement, forcing an answer and making it public!
Fit and Proper is obviously not worth the paper its written on,
I'm not even going to go into our original ties with SEM/Anderson, and questionable appointments of playing staff!
Difficult to blame the trust- they will have been hoodwinked pretty much as most others.
Regrettably quite a number on here had them nailed for what they are at an early stage- asset strippers. Some thought they were going to pump millions into the club. The first transfer window ought to have quelled that optimism.
I think it is fair to say we are either going down with a very poor squad after this window or we are going to end up in administration. Possibly both!
This whole situation needs a thorough investigation. The borderline between fraud/theft and irresponsible behaviour is very grey in this scenario.
These are very dark times in the long and proud history of our club and ultimately Blackburn as a town.
You can't blame the trust.
Everyone of us would sell our house to the highest bidder even if that meant to "the neighbours from hell".
*Sigh*
QPR manager Neil Warnock is hopeful of signing Fulham striker Andrew Johnson after Blackburn's bid stalled due to financial constraints.
"This whole situation needs a thorough investigation. The borderline between fraud/theft and irresponsible behaviour is very grey in this scenario."
"I put the FA at the top of that list to be honest, Our governing body should be wading in here with a "WTF is going on" statement, forcing an answer and making it public!
Fit and Proper is obviously not worth the paper its written on, "
Two different quotes but both relevant. The FA does not want to investigate this issue - they will stay as far away from it as possible. the fit and proper test is a low bar threshold (only failing if you can be easily directly identified as criminal/financial issues).
The FA do not want to get into a stage of monitoring club's activities. After all why are Venkys not fit - they're a profitable, growing (apparantly) business and I'm sure their business plan to convince the Trust to sell/banks to support their deal made sense. Just they haven't followed through on agreements (as per rumours on Barclays etc).
The problem comes as to the ownership - one could claim that if Venkys are looking to asset strip, it is their right as owners if they want to have their club foundering in division two etc. Even liquidate the club if need be. However we, the fans, will argue that the FA should be looking afetr the interests of the club and its importance to the local community.
The FA will want to get noway involved in that argument and will want the problem to go away. It would make more of a difference if it was a United/Spurs/L'pool (3 larger names at random) but the FA do not want to get into this particular argument as they wouldhave to put into place a whole legal framework that is constantly monitored - way too much for what they want to do and somethign that would be subject to all sorts of claims of interference.
Football is a money business and we appear to have been acquired by speculators wating their buck from the business.
"4) The Walker Trust - Couldn't wait to flog the club to the first buyer"
As with others, I'm glad they were bottom of your list but they put the club up for sale 2 years before they sold.
They had protected Jack's legacy brilliantly to that point but what changed:
1. Venkys conned them good and proper
2. The fans anger towards them caused the sale
3. They weren't prepared to subsidise a ridiculous industry
4. They didn't care any more
I believe it was a combination of 1-3 and hope it wasn't 4...
Oh FFS!!
"No bids have come in but we haven't spoken to him about extending his contract," the Scot added.
Hoillet - didn't Kean spend all summer telling us his resigning was imminent!!
No, it's a good idea to let a talented young player run down his contract. That's when you get the highest resale value surely?!
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Millions - Billions - Squillions?
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posted on 6/1/12
In I order of most responsibility for this situation I blame:
1) Venky's - A complete mystery as to what they want from the club and a total lack of knowledge in running a football club.
2)SEM/Kentaro/Jerome Anderson - A vicious, vampiric cancer afflicting the club and siphoning off what little money we have
3) Steve Kean - Tactically inept, insanely overoptimistic and rumours of influence in Big Sam's dismissal, not to mention lying to the police after being charged with drink driving
4) The Walker Trust - Couldn't wait to flog the club to the first buyer
posted on 6/1/12
Those quotes are absolutely horrifying to read. Do Venkys really have so little money or do they actually have quite a lot but aren't prepared to spend one bit of it on Rovers? Our worst fears seem to be slowly being realised over their intentions for the club.
posted on 6/1/12
"4) The Walker Trust - Couldn't wait to flog the club to the first buyer"
Disagree - conducted due diligence and found Venkys to be a large established trading group. They cannot verify Venky's intentions (who knows what they saw and the difference in reality). Would suggest Kentaro showed Walker Trust what they needed to show - not necessarily showing Venkys the same picture.
" Do Venkys really have so little money or do they actually have quite a lot but aren't prepared to spend one bit of it on Rovers?"
I suspect the latter (although quite a lot = a reasonable amount) - which makes their insistence on holding on the club somewhat mysterious.
posted on 6/1/12
Michel Salgado, Jason Roberts and Keith Andrews are all expected to be sold
-------------
Rumours abound about Junior, Formica, Samba, Nelsen, Nzonzi Robinson and Yakubu as well. We'll be lucky to get a squad together!
posted on 6/1/12
@ RTH
I suppose I may have been a bit harsh on the Walker Trust (after all they could have sold to that dodgy Syed bloke) but I think they had go to the point where they were desperate to sell up and would go for any semi-decent offer from a seemingly reputable source without looking too deep.
posted on 6/1/12
Just been reading the Independent article and came across the following part
"With the owners Venky's now willing to listen to offers for the club, attempts by local MP Jack Straw and others concerned for the future to elicit information about the company's plans continue to be frustrated. There has been no response to emails to India laying out the three options open to them – invest now, rebuild from the Championship next season or sell up"
Owners willing to listen to offers for the club? Hopefully true, doubt it is though!
posted on 6/1/12
Rob,
I put the FA at the top of that list to be honest, Our governing body should be wading in here with a "WTF is going on" statement, forcing an answer and making it public!
Fit and Proper is obviously not worth the paper its written on,
I'm not even going to go into our original ties with SEM/Anderson, and questionable appointments of playing staff!
posted on 6/1/12
Difficult to blame the trust- they will have been hoodwinked pretty much as most others.
Regrettably quite a number on here had them nailed for what they are at an early stage- asset strippers. Some thought they were going to pump millions into the club. The first transfer window ought to have quelled that optimism.
I think it is fair to say we are either going down with a very poor squad after this window or we are going to end up in administration. Possibly both!
This whole situation needs a thorough investigation. The borderline between fraud/theft and irresponsible behaviour is very grey in this scenario.
These are very dark times in the long and proud history of our club and ultimately Blackburn as a town.
posted on 6/1/12
You can't blame the trust.
Everyone of us would sell our house to the highest bidder even if that meant to "the neighbours from hell".
posted on 6/1/12
*Sigh*
QPR manager Neil Warnock is hopeful of signing Fulham striker Andrew Johnson after Blackburn's bid stalled due to financial constraints.
"This whole situation needs a thorough investigation. The borderline between fraud/theft and irresponsible behaviour is very grey in this scenario."
"I put the FA at the top of that list to be honest, Our governing body should be wading in here with a "WTF is going on" statement, forcing an answer and making it public!
Fit and Proper is obviously not worth the paper its written on, "
Two different quotes but both relevant. The FA does not want to investigate this issue - they will stay as far away from it as possible. the fit and proper test is a low bar threshold (only failing if you can be easily directly identified as criminal/financial issues).
The FA do not want to get into a stage of monitoring club's activities. After all why are Venkys not fit - they're a profitable, growing (apparantly) business and I'm sure their business plan to convince the Trust to sell/banks to support their deal made sense. Just they haven't followed through on agreements (as per rumours on Barclays etc).
The problem comes as to the ownership - one could claim that if Venkys are looking to asset strip, it is their right as owners if they want to have their club foundering in division two etc. Even liquidate the club if need be. However we, the fans, will argue that the FA should be looking afetr the interests of the club and its importance to the local community.
The FA will want to get noway involved in that argument and will want the problem to go away. It would make more of a difference if it was a United/Spurs/L'pool (3 larger names at random) but the FA do not want to get into this particular argument as they wouldhave to put into place a whole legal framework that is constantly monitored - way too much for what they want to do and somethign that would be subject to all sorts of claims of interference.
Football is a money business and we appear to have been acquired by speculators wating their buck from the business.
posted on 6/1/12
"4) The Walker Trust - Couldn't wait to flog the club to the first buyer"
As with others, I'm glad they were bottom of your list but they put the club up for sale 2 years before they sold.
They had protected Jack's legacy brilliantly to that point but what changed:
1. Venkys conned them good and proper
2. The fans anger towards them caused the sale
3. They weren't prepared to subsidise a ridiculous industry
4. They didn't care any more
I believe it was a combination of 1-3 and hope it wasn't 4...
posted on 6/1/12
Oh FFS!!
"No bids have come in but we haven't spoken to him about extending his contract," the Scot added.
Hoillet - didn't Kean spend all summer telling us his resigning was imminent!!
posted on 6/1/12
No, it's a good idea to let a talented young player run down his contract. That's when you get the highest resale value surely?!
Page 1 of 1