Venky's support for t'Roverrrs ...
-
- Posts: 4980
- Joined: Thu Jan 28, 2016 9:31 pm
- Been Liked: 2341 times
- Has Liked: 1041 times
- Location: Ightenhill,Burnley
Venky's support for t'Roverrrs ...
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 ....
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 ....
-
- Posts: 7070
- Joined: Tue Mar 01, 2016 12:50 pm
- Been Liked: 2176 times
- Has Liked: 3110 times
- Location: Praha
- Contact:
-
- Posts: 6904
- Joined: Mon Mar 07, 2016 5:04 pm
- Been Liked: 2758 times
- Has Liked: 4325 times
Re: Venky's support for t'Roverrrs ...
It's certainly paid off for them...
-
- Posts: 2070
- Joined: Mon Jul 16, 2018 4:49 pm
- Been Liked: 819 times
- Has Liked: 26 times
Re: Venky's support for t'Roverrrs ...
Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.
-
- Posts: 1411
- Joined: Thu Jan 21, 2016 4:51 pm
- Been Liked: 267 times
- Has Liked: 660 times
- Location: Starbug
Re: Venky's support for t'Roverrrs ...
But surely the question is why, even if your mega rich its still a waste of money for what gain?claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.
-
- Posts: 6139
- Joined: Thu Jan 21, 2016 8:53 am
- Been Liked: 2634 times
- Has Liked: 6462 times
- Location: -90.000000, 0.000000
Re: Venky's support for t'Roverrrs ...
Always amazes me how some can become so rich and yet seem so intellectually challengedclaret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.
-
- Posts: 7070
- Joined: Tue Mar 01, 2016 12:50 pm
- Been Liked: 2176 times
- Has Liked: 3110 times
- Location: Praha
- Contact:
Re: Venky's support for t'Roverrrs ...
Saving face is huge for them. They wouldnt want to risk a sale of rovers to be seen as a failed ventureShore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?
This user liked this post: houseboy
-
- Posts: 2937
- Joined: Mon Jan 04, 2016 12:37 am
- Been Liked: 1035 times
- Has Liked: 509 times
Re: Venky's support for t'Roverrrs ...
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.claret2018 wrote:Unfortunately, they are not just rich, but almost un-imaginably rich. They could spend 100 times this and not notice.
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.
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
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.
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.
-
- Posts: 18007
- Joined: Thu Jan 21, 2016 7:07 pm
- Been Liked: 4074 times
- Has Liked: 1853 times
Re: Venky's support for t'Roverrrs ...
....and all they've had for it is a snowball in the mush.
Re: Venky's support for t'Roverrrs ...
Could FFP be stopping them taking the short term hit to get back into the PL?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.
-
- Posts: 7066
- Joined: Fri Sep 08, 2017 4:43 pm
- Been Liked: 2240 times
- Has Liked: 1618 times
- Location: Baxenden
Re: Venky's support for t'Roverrrs ...
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.Shore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?
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.
These 2 users liked this post: Bosscat Juan Tanamera
-
- Posts: 2443
- Joined: Wed Feb 17, 2016 8:58 pm
- Been Liked: 970 times
- Has Liked: 232 times
Re: Venky's support for t'Roverrrs ...
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.
Re: Venky's support for t'Roverrrs ...
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!ZizkovClaret wrote:Saving face is huge for them. They wouldnt want to risk a sale of rovers to be seen as a failed venture
-
- Posts: 18007
- Joined: Thu Jan 21, 2016 7:07 pm
- Been Liked: 4074 times
- Has Liked: 1853 times
Re: Venky's support for t'Roverrrs ...
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.
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
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.Fretters wrote:Could FFP be stopping them taking the short term hit to get back into the PL?
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Venky's support for t'Roverrrs ...
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 ****.
This user liked this post: GodIsADeeJay81
-
- Posts: 7070
- Joined: Tue Mar 01, 2016 12:50 pm
- Been Liked: 2176 times
- Has Liked: 3110 times
- Location: Praha
- Contact:
Re: Venky's support for t'Roverrrs ...
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 mindLeisure 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!
This user liked this post: GodIsADeeJay81
-
- Posts: 18007
- Joined: Thu Jan 21, 2016 7:07 pm
- Been Liked: 4074 times
- Has Liked: 1853 times
Re: Venky's support for t'Roverrrs ...
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.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 ****.
Its took them a while for it to sink in, though.
Re: Venky's support for t'Roverrrs ...
Venkys must surely realise soon that they are flogging a dead horse
These 4 users liked this post: FactualFrank Bosscat tiger76 lesxdp
-
- Posts: 25445
- Joined: Sat Mar 26, 2016 12:46 am
- Been Liked: 6930 times
- Has Liked: 11660 times
- Location: Leeds
Re: Venky's support for t'Roverrrs ...
They have a lot of money, so it's just chicken feed for them.bfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse
These 3 users liked this post: Bosscat tiger76 lesxdp
Re: Venky's support for t'Roverrrs ...
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
Re: Venky's support for t'Roverrrs ...
Yeah not long into their Tenure at Boll-E-wood they realised they had bought a "Turkey"FactualFrank wrote:They have a lot of money, so it's just chicken feed for them.
This user liked this post: Clarets4me
-
- Posts: 4980
- Joined: Thu Jan 28, 2016 9:31 pm
- Been Liked: 2341 times
- Has Liked: 1041 times
- Location: Ightenhill,Burnley
Re: Venky's support for t'Roverrrs ...
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 !!
This user liked this post: Bosscat
-
- Posts: 17108
- Joined: Wed Mar 29, 2017 8:12 pm
- Been Liked: 4384 times
- Has Liked: 15117 times
Re: Venky's support for t'Roverrrs ...
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?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.
This user liked this post: cricketfieldclarets
-
- Posts: 2937
- Joined: Mon Jan 04, 2016 12:37 am
- Been Liked: 1035 times
- Has Liked: 509 times
Re: Venky's support for t'Roverrrs ...
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.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.
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
It's getting harder each year, look at the likes of Derby, Leeds etc.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?
Yeah we were fortunate with the first promotion under Dyche, everything just went our way, but Rovers look miles off that right now.
-
- Posts: 7066
- Joined: Fri Sep 08, 2017 4:43 pm
- Been Liked: 2240 times
- Has Liked: 1618 times
- Location: Baxenden
Re: Venky's support for t'Roverrrs ...
Perhaps they are into flagellation, necrophilia and bestiality?bfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse
This user liked this post: Bosscat
Re: Venky's support for t'Roverrrs ...
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.Rick_Muller wrote:Always amazes me how some can become so rich and yet seem so intellectually challenged
-
- Posts: 3891
- Joined: Sat May 21, 2016 12:57 pm
- Been Liked: 1282 times
- Has Liked: 682 times
Re: Venky's support for t'Roverrrs ...
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.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.
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.
Re: Venky's support for t'Roverrrs ...
Football is the only industry where you can get away with losses of such a magnitude ffsRoyboyclaret 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.
Re: Venky's support for t'Roverrrs ...
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.
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.
-
- Posts: 6139
- Joined: Thu Jan 21, 2016 8:53 am
- Been Liked: 2634 times
- Has Liked: 6462 times
- Location: -90.000000, 0.000000
Re: Venky's support for t'Roverrrs ...
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.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.
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.
Re: Venky's support for t'Woe-vurrrs ...
It will be 10 years next yearbfcjg wrote:Venkys must surely realise soon that they are flogging a dead horse
https://www.google.com/amp/s/amp.thegua ... urn-rovers" onclick="window.open(this.href);return false;
If they haven't realised that yet then they are even more bloody stupid than we think.
This user liked this post: Stayingup
-
- Posts: 4980
- Joined: Thu Jan 28, 2016 9:31 pm
- Been Liked: 2341 times
- Has Liked: 1041 times
- Location: Ightenhill,Burnley
Re: Venky's support for t'Roverrrs ...
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 !
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 !
These 3 users liked this post: tim_noone Lord Beamish Bosscat
Re: Venky's support for t'Roverrrs ...
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.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.
-
- Posts: 1186
- Joined: Thu Jan 21, 2016 11:43 pm
- Been Liked: 252 times
- Has Liked: 49 times
- Location: Burnley
Re: Venky's support for t'Roverrrs ...
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.
They have done a sterling job. Employing Coyle was a master stroke on epic proportions.
This user liked this post: Bosscat
-
- Posts: 10915
- Joined: Thu Jan 21, 2016 8:56 pm
- Been Liked: 5560 times
- Has Liked: 208 times
Re: Venky's support for t'Roverrrs ...
When is Glenn’s dossier going public?
These 2 users liked this post: Herts Clarets GodIsADeeJay81
-
- Posts: 7217
- Joined: Sun Jan 17, 2016 6:11 pm
- Been Liked: 2379 times
- Has Liked: 3807 times
- Location: Padiham
Re: Venky's support for t'Roverrrs ...
They had a vision of a new management team holding up something that would make them popular in India
-
- Posts: 2347
- Joined: Mon May 13, 2019 5:46 pm
- Been Liked: 412 times
- Has Liked: 87 times
Re: Venky's support for t'Roverrrs ...
Is he still around?TheFamilyCat wrote:When is Glenn’s dossier going public?
Re: Venky's support for t'Roverrrs ...
Football Club = Money LaunderingShore claret wrote:But surely the question is why, even if your mega rich its still a waste of money for what gain?
Re: Venky's support for t'Roverrrs ...
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.Steddyman wrote:Football Club = Money Laundering
-
- Posts: 216
- Joined: Mon May 15, 2017 11:16 am
- Been Liked: 126 times
- Has Liked: 328 times
Re: Venky's support for t'Roverrrs ...
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?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.
Ridiculous statement!
Re: Venky's support for t'Roverrrs ...
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.
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
The 2nd time under Dyche we were deserved champions.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!
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.
Re: Venky's support for t'Roverrrs ...
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.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.
In fact, we lost our second top scorer to a crutiate injury in March - bad luck I'd say!
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
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
That's the point I'm making
This user liked this post: tim_noone
Re: Venky's support for t'Roverrrs ...
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).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
-
- Posts: 10915
- Joined: Thu Jan 21, 2016 8:56 pm
- Been Liked: 5560 times
- Has Liked: 208 times
Re: Venky's support for t'Roverrrs ...
The harder I practiced, the luckier I got...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
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Venky's support for t'Roverrrs ...
Ok, I'll give in, we didn't get any luck at all, ever....
This user liked this post: Chip Harrison