If Lambert were to go..

[jordan12rhodes]

And it has to be done on a very tight budget moving forward(if you can call it that).. Who to manage us for you?

Gary bowyer back for me. Proven he can manage under those circumstances and will deal with venkys unlike many others wouldn't.

Fire away, fire away..

[Howie5o]

And it has to be done on a very tight budget moving forward(if you can call it that).. Who to manage us for you?

Gary bowyer back for me. Proven he can manage under those circumstances and will deal with venkys unlike many others wouldn't.

Fire away, fire away..

After calling out Auks for weeks on end as pro GB which he wasnt ..you now say this .

I think youre a dingle..as well as a *** pest ..

[Despair]

He's obviously at a loose end, and is angling for some company.

All will be revealed in the coming weeks, and all of this is no surprise whatsoever for all who have been on Venkys 'Magical Mystery Tour'. (reckon there's a song in there somewhere!).

[jordan12rhodes]

You know what's coming..


















(Tumbleweed).

[Despair]

I just wonder if, when the dust has settled, finally there will be some sort of recognition that the supports (earlier seen as: irrational) fears over Venkys tenure, were not after all without foundation ???

[Howie5o]

I just wonder if, when the dust has settled, finally there will be some sort of recognition that the supports (earlier seen as: irrational) fears over Venkys tenure, were not after all without foundation ???

The one thing i dont understand though Despair is the venkys turned 80M plus debt into shares which they hold which on paper have no value what so ever ..how does that stand ? Is that in some ways not accepting the debt ? Writing off some of the debt ?

[Despair]

I didn't know that, I was under the impression they had simply converted some debt into shares and in this way managed to release the club from the embargo.

I do not claim to fully understand the mechanics of share 'management', but for my simple understanding there has to be some form of valuation put against the venture you are proposing to offer a share of.
So for arguments sake if something is valued at 20m and you propose to offer out total share ownership of it at £1 per share, that's 20m shares being offered.
There has to be a mechanism to control the activity (I would think). The monopolies commission or some such.
Now if you put say 11m into the venture and the venture is successful and the venture realises a revised valuation of say 60m then your share valuation profit has rocketed to 33m . A nice little earner,
On the other hand if Venkys have converted the 'debt' of 80m into shares of ??? What the hell are the valuations of these shares? In this I am with you, they m

[AucklandRover]

I wonder if they've considered floating those shares on the stock-market for general purchase. Obviously, they would start at a very low price!
In fact, I suspect the relevant authorities might not even allow such a venture.
We need a resident expert to shed some light on all this.
Dan - is that you?

[Howie5o]

November 2014 Venkys turned a FURTHER 15M into shares ...plus another 3M to get out of the embargo before Lambert arrived. - view external link

[Despair]

Right, so using my terrible memory and limited knowledge of shares management;
Venkys purchased BRFC for 23m and took on a 23m? debt.
Whether that equates to the value of the club as 46m or 0m, not too sure.
Now assuming that debt was to 'the bank/bankers' someone is looking for a return upon their loan.
It is said/presumed that all of our current debt is owed to Venkys, so that suggests the debt was actually 'offset' against the value of the club ie it actually was worth 46m.?
Now I may be wrong here but I am wholly unaware of any business/s owning their own debt, rather than towards investors / banks. So I have to assume likewise for Venkys.
To add further complication they did set us up as a 'separate entity' from their core business/s way way back. So I have to assume they cannot (legally anyway) offset these losses against their off shore businesses. However, they did alter their banking connections from here to India did they not, or am I mistaken. So did / does this give t