Venky's support for t'Roverrrs ...

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Clarets4me
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Venky's support for t'Roverrrs ...

Postby Clarets4me » Wed Aug 14, 2019 10:47 am

Listed below is a breakdown of the funding Rovers have received from their owners ... date, the amount issued in the " new shares ", and the running total ...


04/05/2011 35,610,000 35,610,000 ( Initial purchase Investment )
06/09/2011 3,460,000 39,070,000
10/04/2012 125,000 39,195,000
21/01/2013 24,388,000 63,583,000
12/05/2014 21,039,575 84,622,575
14/10/2014 15,912,500 100,535,075
31/07/2015 22,337,500 122,872,575
19/03/2016 1,085,000 123,957,575
09/09/2016 2,100,000 126,057,575
28/02/2017 666,000 126,723,575
17/05/2017 5,794,156 132,517,731
29/09/2017 6,653,000 139,170,731
11/01/2018 4,700,000 143,870,731
22/03/2018 3,625,000 147,495,731
25/07/2018 4,750,000 152,245,731
16/11/2018 4,812,500 157,058,231
28/02/2019 6,550,000 163,608,231
28/03/2019 1,500,000 165,108,231
01/08/2019 9,625,000 174,733,231

A staggering amount, I think we'd agree ....

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ZizkovClaret
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Re: Venky's support for t'Roverrrs ...

Postby ZizkovClaret » Wed Aug 14, 2019 10:48 am

#TaxLoss

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randomclaret2
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Re: Venky's support for t'Roverrrs ...

Postby randomclaret2 » Wed Aug 14, 2019 10:49 am

It's certainly paid off for them...

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Re: Venky's support for t'Roverrrs ...

Postby claret2018 » Wed Aug 14, 2019 10:49 am

Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.

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Re: Venky's support for t'Roverrrs ...

Postby Shore claret » Wed Aug 14, 2019 10:57 am

claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.

But surely the question is why, even if your mega rich its still a waste of money for what gain?

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Re: Venky's support for t'Roverrrs ...

Postby Rick_Muller » Wed Aug 14, 2019 10:58 am

claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.

Always amazes me how some can become so rich and yet seem so intellectually challenged

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Re: Venky's support for t'Roverrrs ...

Postby ZizkovClaret » Wed Aug 14, 2019 10:58 am

Shore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?


Saving face is huge for them. They wouldnt want to risk a sale of rovers to be seen as a failed venture
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Re: Venky's support for t'Roverrrs ...

Postby Claretforever » Wed Aug 14, 2019 11:00 am

claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.


You say that, and I’ve seen Rovers fans put that too, but when you do the conversation from rupees to sterling they’re rich, as in circa £1bn(it’s been a while since I looked), but it’s on paper.

Are they really going to sell most of their profitable group portfolio of about 10 companies to fund a loss making Blackburn Rovers?

If they truly had hundreds of millions spare they’d have spent it over a short period to get their brand back in the Premier League. They haven’t even written any of their debt away so, for the moment, it appears they hope to get it back.

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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Wed Aug 14, 2019 11:06 am

They're never getting that money back when you look at what other clubs of a similar stature are sold for.

Villa went for £200 million a few years ago and they were in a much better state than Rovers and still are now they've been promoted.

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Re: Venky's support for t'Roverrrs ...

Postby ElectroClaret » Wed Aug 14, 2019 11:07 am

....and all they've had for it is a snowball in the mush. :lol:

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Re: Venky's support for t'Roverrrs ...

Postby Fretters » Wed Aug 14, 2019 11:08 am

Claretforever wrote:You say that, and I’ve seen Rovers fans put that too, but when you do the conversation from rupees to sterling they’re rich, as in circa £1bn(it’s been a while since I looked), but it’s on paper.

Are they really going to sell most of their profitable group portfolio of about 10 companies to fund a loss making Blackburn Rovers?

If they truly had hundreds of millions spare they’d have spent it over a short period to get their brand back in the Premier League. They haven’t even written any of their debt away so, for the moment, it appears they hope to get it back.


Could FFP be stopping them taking the short term hit to get back into the PL?

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Re: Venky's support for t'Roverrrs ...

Postby houseboy » Wed Aug 14, 2019 11:11 am

Shore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?

I think it may be to do with when they bought Rovers they did so as some kind of pastime. All joking apart they did seem at the time to not know exactly what they were getting into and their due process must have been awful for such adept business people. They didn't even know when they took over that you could be relegated from the PL. It seems, if rumor is correct, that they thought they were buying into a franchise. And they had so little knowledge of football that they sacked BFS even though they were sitting quite nicely mid-table at the time.

I don't think anyone knows for sure why they bought it or what they now think but it sure as hell doesn't seem to be anything other than an interesting sideline for them. If they thought it was an investment they are obviously very much mistaken.
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Re: Venky's support for t'Roverrrs ...

Postby duncandisorderly » Wed Aug 14, 2019 11:12 am

claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.



17,500,000,000? Are they seventeen billion pounds rich? That's incredible.

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Re: Venky's support for t'Roverrrs ...

Postby Leisure » Wed Aug 14, 2019 11:18 am

ZizkovClaret wrote:Saving face is huge for them. They wouldnt want to risk a sale of rovers to be seen as a failed venture


But it should be plain to everyone that it is a failed venture and surely doesn't show their business sense in a good light!

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Re: Venky's support for t'Roverrrs ...

Postby ElectroClaret » Wed Aug 14, 2019 11:27 am

I saw something in the press (admittedly a while ago) that said their company's net worth was between three and four billion. Probably more now.

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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Wed Aug 14, 2019 11:31 am

Fretters wrote:Could FFP be stopping them taking the short term hit to get back into the PL?


Didn't stop other clubs taking the risk, but they'd have to spend some real money but the chances of them getting promoted aren't good.

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Re: Venky's support for t'Roverrrs ...

Postby Billy Balfour » Wed Aug 14, 2019 11:35 am

I do wish the Venky's had listened to t'Rovers supporters when they wanted them out. Can you imagine it? They would be looking at Bury and Bolton with envy. Thick as ****.
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Re: Venky's support for t'Roverrrs ...

Postby ZizkovClaret » Wed Aug 14, 2019 11:42 am

Leisure wrote:But it should be plain to everyone that it is a failed venture and surely doesn't show their business sense in a good light!


TBH until they sell it probably wont come up on anyone's radar back home so they just keep it ticking over out of sight, out of mind
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Re: Venky's support for t'Roverrrs ...

Postby ElectroClaret » Wed Aug 14, 2019 11:43 am

Billy Balfour wrote:I do wish the Venky's had listened to t'Rovers supporters when they wanted them out. Can you imagine it? They would be looking at Bury and Bolton with envy. Thick as ****.


That's true, however, most of em (bar the most stupid) have now twigged that if there's no Venkys, there's probably no Rovers.

Its took them a while for it to sink in, though.

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Re: Venky's support for t'Roverrrs ...

Postby bfcjg » Wed Aug 14, 2019 12:59 pm

Venkys must surely realise soon that they are flogging a dead horse :D
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Re: Venky's support for t'Roverrrs ...

Postby FactualFrank » Wed Aug 14, 2019 1:09 pm

bfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse :D


They have a lot of money, so it's just chicken feed for them.
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Re: Venky's support for t'Roverrrs ...

Postby Spike » Wed Aug 14, 2019 1:20 pm

I believe Jack Walker was as thick as the Venkys. He just had better advisers. He too lost interest when he saw how what the Rovers fans were really like

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Re: Venky's support for t'Roverrrs ...

Postby Bosscat » Wed Aug 14, 2019 1:28 pm

FactualFrank wrote:They have a lot of money, so it's just chicken feed for them.

Yeah not long into their Tenure at Boll-E-wood they realised they had bought a "Turkey" :D
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Re: Venky's support for t'Roverrrs ...

Postby Clarets4me » Wed Aug 14, 2019 1:53 pm

Rovers fan's relationship with the Venkys reminds me of the Scottish National Party with the UK Government, they both approach with a clenched fist in one hand and a begging bowl in the other !! ;)
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Re: Venky's support for t'Roverrrs ...

Postby tim_noone » Wed Aug 14, 2019 3:04 pm

GodIsADeeJay81 wrote:They're never getting that money back when you look at what other clubs of a similar stature are sold for.

Villa went for £200 million a few years ago and they were in a much better state than Rovers and still are now they've been promoted.

Our second promotion under Mr Dyche guaranteed Burnley mega money....if we'd have missed that boat...he probably wouldn't be here now and we could have been Flotsam!! Who's to say they can't be promoted?
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Re: Venky's support for t'Roverrrs ...

Postby Claretforever » Wed Aug 14, 2019 3:16 pm

ElectroClaret wrote:I saw something in the press (admittedly a while ago) that said their company's net worth was between three and four billion. Probably more now.


I’ve seen similar, but I’ve also seen people have been mixed up with the accounts as to what currency they were using. It’s quite telling that they don’t appear on the Forbes Indian rich list top 50 which goes down to around £2billion.

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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Wed Aug 14, 2019 3:38 pm

tim_noone wrote:Our second promotion under Mr Dyche guaranteed Burnley mega money....if we'd have missed that boat...he probably wouldn't be here now and we could have been Flotsam!! Who's to say they can't be promoted?


It's getting harder each year, look at the likes of Derby, Leeds etc.

Yeah we were fortunate with the first promotion under Dyche, everything just went our way, but Rovers look miles off that right now.

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Re: Venky's support for t'Roverrrs ...

Postby houseboy » Wed Aug 14, 2019 4:28 pm

bfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse :D

Perhaps they are into flagellation, necrophilia and bestiality?
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Re: Venky's support for t'Roverrrs ...

Postby Stayingup » Wed Aug 14, 2019 4:50 pm

Rick_Muller wrote:Always amazes me how some can become so rich and yet seem so intellectually challenged


You don't need to be an intellectual to know how many beans make five. I'm always amazed at people who think only intellectuals make money. They don't and they are often a liability. Being street wise in business is the thing to be.

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Re: Venky's support for t'Roverrrs ...

Postby Royboyclaret » Wed Aug 14, 2019 4:54 pm

GodIsADeeJay81 wrote:It's getting harder each year, look at the likes of Derby, Leeds etc.

Yeah we were fortunate with the first promotion under Dyche, everything just went our way, but Rovers look miles off that right now.


From a financial point of view they are hardly geared up for a promotion push. With a Wages/Turnover ratio of some 149% and worst of all Net Liabilities of £93.8m they are, quite frankly, in a financial mess.

The above figures are reflected by the necessary input of £9.4m by Venky's at the beginning of this month, the highest input from them for 4 years or more. They are literally a basket case and if their owners decided to pull the plug tomorrow they would look on the likes of Bury and Bolton with envy.

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Re: Venky's support for t'Roverrrs ...

Postby Bosscat » Wed Aug 14, 2019 4:56 pm

Royboyclaret wrote:From a financial point of view they are hardly geared up for a promotion push. With a Wages/Turnover ratio of some 149% and worst of all Net Liabilities of £93.8m they are, quite frankly, in a financial mess.

The above figures are reflected by the necessary input of £9.4m by Venky's at the beginning of this month, the highest input from them for 4 years or more. They are literally a basket case and if their owners decided to pull the plug tomorrow they would look on the likes of Bury and Bolton with envy.

Football is the only industry where you can get away with losses of such a magnitude ffs

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Re: Venky's support for t'Roverrrs ...

Postby Stayingup » Wed Aug 14, 2019 4:58 pm

Venky's continual financial support of Blackburn Rovers is a kind of a conundrum. They never visit. They have no affinity to the place, the club or its fans.
Is it for tax reasons? I don't think so because I believe the Indian authorities would not allow them to offset tax against earnings in India against a foreign loss making business.

Do they think that they can win promotion to the Premier League? Maybe but as things stand that would be a very forlorn hope.

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Re: Venky's support for t'Roverrrs ...

Postby Rick_Muller » Wed Aug 14, 2019 5:07 pm

Stayingup wrote:You don't need to be an intellectual to know how many beans make five. I'm always amazed at people who think only intellectuals make money. They don't and they are often a liability. Being street wise in business is the thing to be.

you completely misunderstood, where did I say that only intellectuals make money? I merely stated that it amazes me how some can become so rich and yet seem intellectually challenged.

For the record, my true belief is that to make serious money you probably have to be morally corrupt more than anything else, but that's another argument for another day.

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Re: Venky's support for t'Woe-vurrrs ...

Postby Bosscat » Wed Aug 14, 2019 5:12 pm

bfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse :D

It will be 10 years next year

https://www.google.com/amp/s/amp.thegua ... urn-rovers

If they haven't realised that yet then they are even more bloody stupid than we think.
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Re: Venky's support for t'Roverrrs ...

Postby Clarets4me » Wed Aug 14, 2019 5:34 pm

As has been said previously, the consideration of " Pride " and " Honour " is very important in the sub-continent and selling the Club in it's present position would represent a retreat and failure for the Venky's. If Rovers get a promotion, then it may happen as they'd be leaving the Club in the same place as when they took over ....

In my quieter moments, I've occasionally mused that if the Venky's had kept John Williams & Tom Finn as directors, big Sam as manager, and invested just a third of what have done over the last nearly 9 years, they may have retained their EPL place, got the bumper increases in TV money, and by now, be quite a power in the land. The Venky's would have had the " Freedom of the Borough" and be hailed as heroes ....

But they didn't, and for that, we thank them ! ;) ;) ;)
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Re: Venky's support for t'Roverrrs ...

Postby Stayingup » Wed Aug 14, 2019 11:13 pm

Rick_Muller wrote:you completely misunderstood, where did I say that only intellectuals make money? I merely stated that it amazes me how some can become so rich and yet seem intellectually challenged.

For the record, my true belief is that to make serious money you probably have to be morally corrupt more than anything else, but that's another argument for another day.


To make serious money you probably have to be morally corrupt? Come on get real. You have to be tough, use good judgement and be lucky. But not at all neccesarily morally corrupt.

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Re: Venky's support for t'Roverrrs ...

Postby Joe14 » Thu Aug 15, 2019 6:51 am

Venkey’s came along and saw an injured chicken in the road. They know the injured chicken is gonna die but they offer it a bit of compassion, a bit a comfort and drag out its life a bit.
They have done a sterling job. Employing Coyle was a master stroke on epic proportions.
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Re: Venky's support for t'Roverrrs ...

Postby TheFamilyCat » Thu Aug 15, 2019 7:16 am

When is Glenn’s dossier going public?
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Re: Venky's support for t'Roverrrs ...

Postby JohnMac » Thu Aug 15, 2019 8:02 am

20190815_075952.jpg
20190815_075952.jpg (222.15 KiB) Viewed 2187 times


They had a vision of a new management team holding up something that would make them popular in India

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Re: Venky's support for t'Roverrrs ...

Postby Local cricketer » Thu Aug 15, 2019 8:32 am

TheFamilyCat wrote:When is Glenn’s dossier going public?


Is he still around?

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Re: Venky's support for t'Roverrrs ...

Postby Steddyman » Thu Aug 15, 2019 10:01 am

Shore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?

Football Club = Money Laundering

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Re: Venky's support for t'Roverrrs ...

Postby dsr » Thu Aug 15, 2019 10:09 am

Steddyman wrote:Football Club = Money Laundering

Hardly. The point of money laundering is that you put the money in, wash it clean, and take it out again. If you don't take the money out, why the cycle isn't complete.

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Re: Venky's support for t'Roverrrs ...

Postby Chip Harrison » Thu Aug 15, 2019 10:19 am

GodIsADeeJay81 wrote:It's getting harder each year, look at the likes of Derby, Leeds etc.

Yeah we were fortunate with the first promotion under Dyche, everything just went our way, but Rovers look miles off that right now.

If we were lucky, and everything went our way, how do you describe our 2nd promotion when we won the league, or staying in the PL? Is it just luck?
Ridiculous statement!

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Re: Venky's support for t'Roverrrs ...

Postby Erasmus » Thu Aug 15, 2019 10:24 am

Having read through all the posts, I tend to agree with those who see their ongoing connection with Rovers as a matter of personal pride and prestige. Perhaps how they view themselves as 'success' people. A very obvious failure would diminish them in their own eyes and in the eyes of others. Otherwise, there is no possible explanation as to why they keep throwing good money after bad to support the club.

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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Thu Aug 15, 2019 10:37 am

Chip Harrison wrote:If we were lucky, and everything went our way, how do you describe our 2nd promotion when we won the league, or staying in the PL? Is it just luck?
Ridiculous statement!


The 2nd time under Dyche we were deserved champions.

If you're telling me that at the beginning of the season when Dyche first got us up that you expected promotion then I'll state here and now that you're on drugs.

We got a fair amount of luck and everything clicked during our first promotion under Dyche.

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Re: Venky's support for t'Roverrrs ...

Postby Fretters » Thu Aug 15, 2019 10:48 am

GodIsADeeJay81 wrote:The 2nd time under Dyche we were deserved champions.

If you're telling me that at the beginning of the season when Dyche first got us up that you expected promotion then I'll state here and now that you're on drugs.

We got a fair amount of luck and everything clicked during our first promotion under Dyche.


I disagree - just because we didn't expect it doesn't make it lucky. We were one of - if not the - fittest teams in the league with quality players such as Trippier, Ings, Heaton etc who Dyche moulded into a superb team that could mix flair with a direct style. There is nothing lucky about finishing 2nd on 93 points. I can't even think of any individual examples of luck where we benefited from a wrongly disallowed goal, for instance.

In fact, we lost our second top scorer to a crutiate injury in March - bad luck I'd say!

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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Thu Aug 15, 2019 10:51 am

There was a mixture of luck and the team clicking unexpectedly, especially after the number of changes, including selling Austin.
That's the point I'm making
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# 48
Fretters
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Re: Venky's support for t'Roverrrs ...

Postby Fretters » Thu Aug 15, 2019 11:01 am

GodIsADeeJay81 wrote:There was a mixture of luck and the team clicking unexpectedly, especially after the number of changes, including selling Austin.
That's the point I'm making


Again, I don't think having suitable back up for Austin in Ings is luck - we'd scouted and paid top money for him, he didn't just turn up randomly. I agree about it all clicking but I put that down to Dyche's signings (Jones, Heaton, Kightly and Arfield all became first teamers and transformed us).

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TheFamilyCat
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Re: Venky's support for t'Roverrrs ...

Postby TheFamilyCat » Thu Aug 15, 2019 11:12 am

GodIsADeeJay81 wrote:There was a mixture of luck and the team clicking unexpectedly, especially after the number of changes, including selling Austin.
That's the point I'm making


The harder I practiced, the luckier I got...

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GodIsADeeJay81
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Re: Venky's support for t'Roverrrs ...

Postby GodIsADeeJay81 » Thu Aug 15, 2019 12:31 pm

Ok, I'll give in, we didn't get any luck at all, ever....:roll:
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