Vital Football

Latest Blackburn Rovers News

January window plans to be hampered by the bank?

January window plans to be hampered by the bank?

With less than a month until the January transfer window opens it seems the club are finalising plans for player recruitment with a budget now set and a list of (hopefully realistic) players compiled to chase.

A striker, a midfielder and probably some full backs options were discussed during a meeting yesterday held with Steve Kean, Vineeth Rao and a few others including possibly Paul Hunt.

Rovers do have cash to spend and it seems like a figure of around £10 million is the widely reported and accepted budget that has been set for spend on new players .

Add into the mix the other main aim of the window is to hld onto prized assets Chris Samba and contract rebel Junior Hoilett but the club seem confident they can retain unless an offer of stupid size arrives via the fax machine.

All sounds pretty straightforward and a job well done by the Rovers board and their committee hey? Ah yes, but it's never quite that simple at Ewood Park is it.

Barclays Bank still hold a position of strength when it comes to the future of Rovers finances and are insisting that the club reduces the level of debt currently attached to the organisation.

Barclays are protecting their own interests it seems and are worried that Rovers will have a lot less ability to pay off their debts should they suffer relegation to the Championship.

Venky's on the other hand are reported to have told the bank that they will clear off a good portion of the debt in the summer and they need to buy now to ensure Premier League status and financial well being.

Sounds like something of a stand off?

Join The Vital Debate

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



Click here to join in the debate on the club forum.

Writer:Mikey Delap
Date:Tuesday December 6 2011
Time: 10:34AM

Best of Vital Network

Vital Boxing - Dan Blackwell Retires

Comments

0
Looks like there could be a block put in place if we don't sort things out in house sooner rather than later!!
Mikey Delap
06/12/2011 10:36:00
0
I don't get why we still have this debt. This is the debt they told us would be cleared immediately when they took over. More laughs on us.
fransavarese
06/12/2011 11:15:00
0
They bought you using a 'newco'. They then pledged the assets of the club against the debts. Barclays are quite rightly looking for greater debt cover as the holding 'newco' company is onlt worth the value if the shares it holds in the club - and it naturally follows that if the club goes down the value of those shares will go down with it.

Your owners are perhaps realising that they've bitten off more than they can chew. The fast way to lose millions is to buy a football club - perhaps they are only just realising that?
spursex
06/12/2011 11:34:00
0
If only the banks had kept such a keen eye on their own debt ...
Stubbs
07/12/2011 09:59:00
Page 1/1
  1. 1

Login to post a comment

Recent Blackburn Rovers Articles

Match Day Officials v Rotherham (30/4/16)

The Football League have now announced the Match Day officials that will take charge of the game against Rotherham United this weekend.

Audio - Lambert Discusses Summer Departure

Manager Paul Lambert has spoken following his decision to leave Blackburn Rovers at the end of the season.

Blackburn - Football League Dates 2016/17

The Football League, or the brainless EFL rebrand, have today released the key dates for the coming 2016/17 season.

Who Will Blackburn Face In 2016/17 (26/4/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile
Mikey Delap
no email
Profile
Sasman!
no email
Profile

Current Poll (see more polls)

Bristol City MotM
Suggested By:
Steele2%
Lowe0%
Hanley7%
Ward0%
Kilgallon0%
Mahoney35%
Akpan0%
Evans7%
Marshall0%
Gomez0%
Graham42%
Sub-Conway0%
Sub-Jackson7%
Sub-Lenihan0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Burnley 44 24 15 5 87 33
2 Middlesbrough 44 26 9 9 87 32
3 Brighton 44 24 15 5 87 30
4 Hull City 44 23 11 10 80 31
5 Derby County 44 21 14 9 77 24
6 Sheff Wed 44 18 17 9 71 19
7 Cardiff 44 17 16 11 67 8
8 Ipswich 44 16 15 13 63 0
9 Birmingham 44 16 13 15 61 4
10 Brentford 44 17 8 19 59 -2
11 Preston 44 14 16 14 58 -1
12 Leeds Utd 44 14 16 14 58 -7
13 Q.P.R. 44 13 18 13 57 0
14 Wolves 44 13 15 16 54 -6
15 Reading 44 13 13 18 52 -4
16 Huddersfield 44 13 12 19 51 -3
17 Forest 44 12 15 17 51 -5
18 Blackburn 44 11 16 17 49 -3
19 Rotherham 44 13 10 21 49 -13
20 Bristol City 44 12 13 19 49 -20
21 Fulham 44 11 15 18 48 -11
R MK Dons 44 9 12 23 39 -28
R Charlton 44 8 13 23 37 -38
R Bolton 44 4 15 25 27 -40
Latest F1 News
Latest Vital Boxing News

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Apr 30 2016 3:00PM : Rotherham United (a)
Sky Bet Championship
May 7 2016 12:30PM : Reading (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.Walker12
2.jimbogeesus2
3.@roverseas2
4.Dublin_Rover1