Vital Football

Latest Blackburn Rovers News

Supporters Investment Trust takes the next step

Supporters Investment Trust takes the next step

The Blackburn Rovers Supporters Investment Trust has declared it's intentions over the future of Blackburn Rovers and expressed the intention to bring the football club back into community ownership.

Commercial partner and Darwen End sponsor Wayne Wild is spearheading the newly formed BRSIT who today made live their own website.

Mr Wild and the Blackburn Rovers Action Group have joined forces with Daniel Grabko who is a financial expert and lifelong Rovers fan who devised the original format and business plan.

Under the scheme shares are sold to fans who are willing to inject their own capital into an investment fund with the aim being to raise funds big enough to regain control of the club from current owners Venky's - who continue to seemingly run the club into the ground.

Venky's are known to be reluctant to sell the club at this point in time but with the continuing turmoil at Ewood Park and an increasingly large portion of fans making their unhappiness clear the position can and probably will change.

'At some point, and maybe soon, we believe Blackburn Rovers will be put up for sale.' Wild said in a statement.

'We believe the best ownership model for Blackburn Rovers is to be entirely owned by the supporters through a trust.

'We are seeking to engage with the current owners to advise them of our plans and we ask that they consider our proposals seriously as a credible and respectful way to pass on ownership of the club.

'At this stage we are asking Blackburn Rovers supporters if they would be willing to buy a share in their club. The more fans who pledge to buy a share, the stronger and more credible our bid will be.

'We will raise funds to buy the club by issuing a sufficient number of shares to meet a realistic valuation at the time of purchase.

'It is clear that any fair and realistic valuation will be based on the position of the club within the league structure at the time of purchase together with a true assessment of the clubs assets and liabilities.

'It is not, therefore, possible at this stage to put an exact figure on the amount of capital we will need to raise to be successful.'

Join The Vital Debate



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

Writer:Mikey Delap
Date:Wednesday February 22 2012
Time: 6:15PM

Comments

0
The web address for the BRSIT is - http://www.brsit.co.uk/
Mikey Delap
22/02/2012 18:20:00
0
We should all back this each and every way we can, it represents the current best option for all parties involved.
Stubbs
22/02/2012 18:31:00
Page 1/1
  1. 1

Login to post a comment

Recent Blackburn Rovers Articles

Vital Preview - League One - 22nd-23rd September 2017

The 2017-18 season continues with the latest round of games this weekend, 22nd-23rd September.

EFL In Favour Of Shorter Window & Other Changes

At a meeting of all EFL member clubs yesterday, there was a strong indication they would be in favour of making amendments to the summer's transfer window.

The UK's Tightest Derby Clashes - 2017

Ever wondered which local derby in the United Kingdom is the most closely contested?

Officials - Shrewsbury v Blackburn (23/9/17)

The Football League have now announced the Match Day officials that will take charge of the game between Shrewsbury Town and Blackburn Rovers this Saturday.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile

Current Poll (see more polls)

Shrewsbury Town v Blackburn Rovers
Suggested By: Walker
Rovers victory0%
It'll be a draw0%
The Shrews will win100%
ScoopDragon Publishing Entire League Network of Sites
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Vital Members League Table

RankNamePoints
1.rover506
2.Walker3
3.Sasman!3
Write for Vital Football