56 MILLION?????

[chocolate nutter 0]

Don''t know if anyone has seen that Blackburn have just turned down an offer to buy the club at £30 million and are holding out for £40 so how can a premier league club of similar size cost less then us??????.

Man i am getting sick of the whole issue both parties just need to come out and state just what the $uck is going on??????.

[still holding out for new heroes 0]

lack of 20m debt I would assume is the difference

[Big Down Under 0]

Its not. Our board valued the club at 16m. The 56m figure includes that 16m, 4m directors loans that need to be repaid, 16m bank loan that needs to be repaid (or more likely renegotiated) and the 20m Cullum wants to invest in the team.

[sturgeon220 0]

[quote user="Big Down Under"]Its not. Our board valued the club at 16m. The 56m figure includes that 16m, 4m directors loans that need to be repaid, 16m bank loan that needs to be repaid (or more likely renegotiated) and the 20m Cullum wants to invest in the team.[/quote]  Stop it !!  you are being sensible, You have to admit though If you look at the first post it is calculated to stir up bad feeling on here again. It was so blatantly not a true statment as we all (on here) understand the Valuation is as you have just stated (£16 mil) not the £ MIL strident head line above.

[lucky green trainers 0]

[quote user="chocolate nutter"]

Don''t know if anyone has seen that Blackburn have just turned down an offer to buy the club at £30 million and are holding out for £40 so how can a premier league club of similar size cost less then us??????.

Man i am getting sick of the whole issue both parties just need to come out and state just what the $uck is going on??????.

[/quote]£30m does sound cheap, when our club is valued at £16m.  prem clubs get £50m income from TV don''t they??? wuss ours £50,000???

[lucky green trainers 0]

[quote user="lucky green trainers"][quote user="chocolate nutter"]

Don''t know if anyone has seen that Blackburn have just turned down an offer to buy the club at £30 million and are holding out for £40 so how can a premier league club of similar size cost less then us??????.

Man i am getting sick of the whole issue both parties just need to come out and state just what the $uck is going on??????.

[/quote]£30m does sound cheap, when our club is valued at £16m.  prem clubs get £50m income from TV don''t they??? wuss ours £50,000???

[/quote]or is only £35m from TV??? mind you, they also get money from the prem league depending on finishing position - perhaps their income just from sources is roughly £45-50m

[The Fish Seller 0]

[quote user="sturgeon220"][quote user="Big Down Under"]Its not. Our board valued the club at 16m. The 56m figure includes that 16m, 4m directors loans that need to be repaid, 16m bank loan that needs to be repaid (or more likely renegotiated) and the 20m Cullum wants to invest in the team.[/quote]  Stop it !!  you are being sensible, You have to admit though If you look at the first post it is calculated to stir up bad feeling on here again. It was so blatantly not a true statment as we all (on here) understand the Valuation is as you have just stated (£16 mil) not the £ MIL strident head line above.[/quote]To own Blackburn outright =£40mTo own Norwich outright = £16m + £4m + £16m = £36mFor £16m you only get the Club with a debt of £20m ( ie the Ceditors will actually still own more than you).With a debt of £20m the Club is valued at £16m ergo with a debt of £0 the Club would be worth £36m as advertised for sale in the EDP You could buy a luxury house for £400k outright or you could buy a similar but less well appointed house for £160k. The cheaper house looks the better option at less than half the price and it''s only got one bedroom less, a smaller garden and a single garage, only problem is the £160k is just a downpayment and you''d still have an outstanding mortgage on the property left by the previous owners for £200k to honour when you move in.So is the second house valued at £160k or £360k?Fulham could probably be purchased for a tenner right now. Cheap for a Prem Club? Well yes until you look at the fact they''re something like £160m in debt.

[ron obvious 1,512]

[quote user="Worst Wizard"][quote user="sturgeon220"][quote user="Big Down Under"]Its not. Our board valued the club at 16m. The 56m figure includes that 16m, 4m directors loans that need to be repaid, 16m bank loan that needs to be repaid (or more likely renegotiated) and the 20m Cullum wants to invest in the team.[/quote]  Stop it !!  you are being sensible, You have to admit though If you look at the first post it is calculated to stir up bad feeling on here again. It was so blatantly not a true statment as we all (on here) understand the Valuation is as you have just stated (£16 mil) not the £ MIL strident head line above.[/quote]To own Blackburn outright =£40mTo own Norwich outright = £16m + £4m + £16m = £36mFor £16m you only get the Club with a debt of £20m ( ie the Ceditors will actually still own more than you).With a debt of £20m the Club is valued at £16m ergo with a debt of £0 the Club would be worth £36m as advertised for sale in the EDP You could buy a luxury house for £400k outright or you could buy a similar but less well appointed house for £160k. The cheaper house looks the better option at less than half the price and it''s only got one bedroom less, a smaller garden and a single garage, only problem is the £160k is just a downpayment and you''d still have an outstanding mortgage on the property left by the previous owners for £200k to honour when you move in.So is the second house valued at £160k or £360k?Fulham could probably be purchased for a tenner right now. Cheap for a Prem Club? Well yes until you look at the fact they''re something like £160m in debt.[/quote]You are assuming Blackburn are  debt-free.Please read this thread:http://216.239.59.104/search?q=cache:5-9dzMo_CVMJ:www.thisislancashire.co.uk/mostpopular.var.2215142.mostviewed.jjb_supremo_staying_quiet_over_blackburn_rovers_takeover.php+blackburn+rovers+club+debt&hl=en&ct=clnk&cd=1&gl=uk&client=firefox-a

[Big Down Under 0]

can you link me to the Blackburn story? All I can find is;http://www.skysports.com/story/0,19528,11676_3753850,00.htmlIn that article, someone states he is interested in bidding 40m for Blackburn,

"I think it''s probably worth £40million, but the price they are asking is too high," he told The People.

"If they wanted to come to a realistic figure we could have a deal."

That says to me that he has bid 40m, but what for we don''t know, but it didn''t meet Blackburn Rovers valuation, we don''t know what that is. Nothing on the Blackburn official site I could see. If you know more do share (with links please).Your 36m is inaccurate. The value the board placed on the club is 16m. If Cullum wants to take us over, he either has to repay the bank loan OR renegotiate. Its a legal thing. If he wants to buy out the Turners and the other directors with outstanding loans, he will have to pay back the money the club owes them. Try and offer a tenner for Fulham and see how far you get. Try and buy them whilst ignoring the loan and see how far you get.

[The Fish Seller 0]

Ron it still doesn''t disguise the fact that many round here think Cullum would be getting a £360k house for a bargain £160k. He wouldn''t he''d get the house and the mortgage of £200k.

[ron obvious 1,512]

BDU, I''ll copy some of it here:

	Site Map Search Advanced Search
	Today''s most viewed <<Back to most read EDITOR''S CHOICE TV REVIEWS The Culture Show, BBC2 How TV Changed Britain, Channel 4 Katie & Peter: the Next Chapter, ITV2 The Great British Body, ITV1 Celebrity Wife Swap, Channel 4 CD REVIEWS Album: Various – The Lab: One Album: A Human – Third Hand Prophecy Album: Dan Le Sac vs Scroobius Pip – Angles Single: James Pants – We''re Through Album: Crystal Castles – Crystal Castles GET OUR NEWS BY E-MAIL Just register Most read Comments 1 Blackburn Rovers speak to Shearer and Allardyce 2 Royal welcome for Princess 3 Eight East Lancashire schools told - improve or close 4 Shearer and Newell are Blackburn''s dream team, says Stuart Ripley 5 Big Sam backed by punters for Blackburn Rovers job 6 15 arrested in Blackburn over speed camera offences 7 Blackburn man''s night in cells after falling off settee laughing 8 Police hunt Wanderers fans after Madrid rampage 9 Family pays tribute to shot Burnley PC 10 Celtic in pole position for Burnley''s Kyle Lafferty Today | 7 Days 1 VIDEO: Hughes at first Manchester City press conference 2 Hughes to get £65m transfer kitty at Manchester City 3 Bus fares go up again 4 Hughes appointed Manchester City manager 5 Crackdown on red diesel use 6 The glory days of Leigh Casino remembered 7 New appeal over pedestrian''s death 8 And You Will Know Us By The Trail Of Dead @ Academy 3, Manchester JJB supremo staying quiet over Blackburn Rovers ''takeover'' By Andy Neild Comment | Read Comments (22) Chris Ronnie SPORTSWEAR giant Chris Ronnie is remaining tight-lipped amid rumours of a possible takeover of Blackburn Rovers. The 45-year-old Scotsman, who is chief executive of JJB Sports, has been linked with a £25 million buy-out of the club. But a spokesman for Ronnie refused to confirm or deny the speculation. "We have no comment to make for the time being," he said. According to the reports, Ronnie has put together a team of foreign and domestic investors with a view to holding talks with the Walker Trustees, although a Rovers source has already denied having any discussions with the businessman or any of his representatives. advertisement 12:00pm Tuesday 22nd April 2008 Print   Email this   Comment Posted by: Flybe, Jersey on 12:32pm Tue 22 Apr 08 I can see this going through in time for the January transfer window. I can see this going through in time for the January transfer window. Quote | Report this post Posted by: Bin on 2:26pm Tue 22 Apr 08 lol... next January Window you mean? lol... next January Window you mean? Quote | Report this post Posted by: rover, holland on 2:27pm Tue 22 Apr 08 hmm probably wont happen. 25million is a bit cheap! Wait 10-15years and i will buy them:) hmm probably wont happen. 25million is a bit cheap! Wait 10-15years and i will buy them:) Quote | Report this post Posted by: Roy Anderson on 2:43pm Tue 22 Apr 08 How much Rovers miss Jack Walker! I remember reading such glowing reports about what Jack wanted to happen, if/when he died. The Walker Trustees were supposed to be as keen as Jack, on seeing Rovers a strong challenging side. It hasn''t appeared to work out like that, has it? I can appreciate that things could not remain as rosy as they were in Jack''s time but, I believe more COULD have been done by Jack''s relatives and friends - had they been willing and keen to do so. I fear Jack wouldn''t be pleased to see how Rovers have had to struggle since his sad demise. However, it appears his ''so-called'' friends and relatives were NOT SO KEEN, on the Football Club, as we had been led to believe. Of course, we mustn''t forget that it IS their money. It''s just sad! It must be said that, I feel the present Management team has done a good job with what finances they have been allocated. How much Rovers miss Jack Walker! I remember reading such glowing reports about what Jack wanted to happen, if/when he died. The Walker Trustees were supposed to be as keen as Jack, on seeing Rovers a strong challenging side. It hasn''t appeared to work out like that, has it? I can appreciate that things could not remain as rosy as they were in Jack''s time but, I believe more COULD have been done by Jack''s relatives and friends - had they been willing and keen to do so. I fear Jack wouldn''t be pleased to see how Rovers have had to struggle since his sad demise. However, it appears his ''so-called'' friends and relatives were NOT SO KEEN, on the Football Club, as we had been led to believe. Of course, we mustn''t forget that it IS their money. It''s just sad! It must be said that, I feel the present Management team has done a good job with what finances they have been allocated. Quote | Report this post Posted by: Jason, Accrington on 2:46pm Tue 22 Apr 08 £25 million, am i right in saying that Dan Williams offered £56 million?? We need some sort of investment, no doubt about it. I mean if Hughesy can pull players out of the hat for basically nothing just imagine what he could do with the right backing in funds behind him! We can all have a dream! £25 million, am i right in saying that Dan Williams offered £56 million?? We need some sort of investment, no doubt about it. I mean if Hughesy can pull players out of the hat for basically nothing just imagine what he could do with the right backing in funds behind him! We can all have a dream! Quote | Report this post Posted by: Mike, Blackpool on 2:59pm Tue 22 Apr 08 £25 million for a Premier League football club ? - bargain. Look at Manchester United 18 years ago, they could have been bought for £10 million. The rest is history. £25 million for a Premier League football club ? - bargain. Look at Manchester United 18 years ago, they could have been bought for £10 million. The rest is history. Quote | Report this post Posted by: Howard Gayle on 4:13pm Tue 22 Apr 08 Surely £25 million would be way too cheap for any Premiership club! I''m sure its not so clean cut, but if you bought Rovers for £25 million, you''d make 100% profit one year, with the £50 million from the tv deal! Surely £25 million would be way too cheap for any Premiership club! I''m sure its not so clean cut, but if you bought Rovers for £25 million, you''d make 100% profit one year, with the £50 million from the tv deal! Quote | Report this post Posted by: Tess Tickles, France on 4:25pm Tue 22 Apr 08 He''s not remaining tight-lipped about a possible buy-out; he just doesn''t like to talk with his mouth full. Looks more interested in a takeaway than a takover. He''s not remaining tight-lipped about a possible buy-out; he just doesn''t like to talk with his mouth full. Looks more interested in a takeaway than a takover. Quote | Report this post Posted by: GRAHAM BATESON, Dawen on 4:34pm Tue 22 Apr 08 yet again Blackburn beeing mentioned as being sold on. Trust me Blackburn rovers will not be sold for chicken feed. It have been in the shop window for some time and there are many intrested i would think seening as Blackburn has no debt unlike the Man City & West Hams in the leauge. This club only will require a cash boost to push on in to the top 6 every year, also with the board working as well as they are we will be just fine. Ok we will never be a united or Liverpool but I dont want to have to pay for my tickets like they do at the so called bigger clubs We are a peoples club true fans. All we want is some one who has blue & white blood to invest in our fantastic club. yet again Blackburn beeing mentioned as being sold on. Trust me Blackburn rovers will not be sold for chicken feed. It have been in the shop window for some time and there are many intrested i would think seening as Blackburn has no debt unlike the Man City & West Hams in the leauge. This club only will require a cash boost to push on in to the top 6 every year, also with the board working as well as they are we will be just fine. Ok we will never be a united or Liverpool but I dont want to have to pay for my tickets like they do at the so called bigger clubs We are a peoples club true fans. All we want is some one who has blue & white blood to invest in our fantastic club. Quote | Report this post Posted by: duncan eastham, ewood on 4:44pm Tue 22 Apr 08 share your debates storys pic of blackburn rovers on face book join today BLACKBURN ROVERS FAN CLUB share your debates storys pic of blackburn rovers on face book join today BLACKBURN ROVERS FAN CLUB Quote | Report this post Posted by: Martin, USA on 5:21pm Tue 22 Apr 08 Hopefully a takeover will happen soon, as we need the extra money, not just to move on, but even to stay challenging in the top-half. Whether this guy is the answer, only time will tell. I, like others, have been disappointed with the contribution - or lack thereof - by the Walker trustees. I understand it''s their money, but Jack wanted Rovers to continue to flourish at the top level. If they have no interest in the club, which appears to be the case, they should sell sooner rather than later. My worry is that they are holding out for an unrealistic offer, playing up the fact the club has little/no debt, whilst continuing to pocket cash from the TV deal, tightening the purse strings, etc. But then maybe that''s just me being cynical! It''s all well and good keeping the club debt-free to make it attractive for potential investors, but if nothing happens in the near future, we will start to slide down the league, as the others around us continue to strengthen. It is unrealistic to expect MH to continue to pull rabbits out of the hat for peanuts. Hopefully a takeover will happen soon, as we need the extra money, not just to move on, but even to stay challenging in the top-half. Whether this guy is the answer, only time will tell. I, like others, have been disappointed with the contribution - or lack thereof - by the Walker trustees. I understand it''s their money, but Jack wanted Rovers to continue to flourish at the top level. If they have no interest in the club, which appears to be the case, they should sell sooner rather than later. My worry is that they are holding out for an unrealistic offer, playing up the fact the club has little/no debt, whilst continuing to pocket cash from the TV deal, tightening the purse strings, etc. But then maybe that''s just me being cynical! It''s all well and good keeping the club debt-free to make it attractive for potential investors, but if nothing happens in the near future, we will start to slide down the league, as the others around us continue to strengthen. It is unrealistic to expect MH to continue to pull rabbits out of the hat for peanuts. Quote | Report this post Posted by: GameRoverMan, Devizes on 6:57pm Tue 22 Apr 08 With reference to Martin''s comment about the club being debt free, my understanding is that they have debts of approximately £20 million, hence the relatively low purchase price since the buyers would also clear the debt. With reference to Martin''s comment about the club being debt free, my understanding is that they have debts of approximately £20 million, hence the relatively low purchase price since the buyers would also clear the debt. Quote | Report this post Posted by: Word in the City, London on 8:28pm Tue 22 Apr 08 Apparently, Chris Ronnie and his consortium are trying to put a £65 Million take over package together and hope a deal with the Walker trustees can be done during the closed season.The breakdown of the deal is supposedly £25m initial buy out,£20m to clear existing club debts and £20m for team strengthening.How much truth there is in this rumour, only time will tell. Apparently, Chris Ronnie and his consortium are trying to put a £65 Million take over package together and hope a deal with the Walker trustees can be done during the closed season.The breakdown of the deal is supposedly £25m initial buy out,£20m to clear existing club debts and £20m for team strengthening.How much truth there is in this rumour, only time will tell. Quote | Report this post Posted by: Nathan, uk on 8:48pm Tue 22 Apr 08 [quote][bold]Word in the City[/bold] wrote: Apparently, Chris Ronnie and his consortium are trying to put a £65 Million take over package together and hope a deal with the Walker trustees can be done during the closed season.The breakdown of the deal is supposedly £25m initial buy out,£20m to clear existing club debts and £20m for team strengthening.How much truth there is in this rumour, only time will tell.[/quote] I really hope your right sounds good! Please let someone buy the club! its been so frustrating watching Villa, Spurs, West ham, City , Newcastle, Sunderland and Portsmouth spending over 10 times what we do!! Even Wigan out spend us by a fair margain! WIGAN!!!! Word in the City wrote: Apparently, Chris Ronnie and his consortium are trying to put a £65 Million take over package together and hope a deal with the Walker trustees can be done during the closed season.The breakdown of the deal is supposedly £25m initial buy out,£20m to clear existing club debts and £20m for team strengthening.How much truth there is in this rumour, only time will tell. I really hope your right sounds good! Please let someone buy the club! its been so frustrating watching Villa, Spurs, West ham, City , Newcastle, Sunderland and Portsmouth spending over 10 times what we do!! Even Wigan out spend us by a fair margain! WIGAN!!!! Quote | Report this post Posted by: The debt collector, ewood on 10:56pm Tue 22 Apr 08 Rovers are down 4.2 million this year and that does not include the bill from the Lancs Constabulary. Total Debts will be in region of 33.6 million. Hence a cheap purchase price. Rovers are down 4.2 million this year and that does not include the bill from the Lancs Constabulary. Total Debts will be in region of 33.6 million. Hence a cheap purchase price. Quote | Report this post Posted by: jeppo, yorks on 12:01pm Wed 23 Apr 08 Can we be clear that a big part of Jack Walkers vision was to make Rovers self sufficient as a Premier League club, and the trust was set up to support this vision? Rovers are very close to becoming self sufficient, due to the excellent work by the board AND the Walker Trust. This would have been seen as virtually impossible ten years ago, but we have acheived it! The main aim now is to find a means of building on what we have. A superb manager is one key factor, but none theless, finding another investor would be a massive help if we are to continue our amazing progress (or to stand still!). Coming on here having a go at the Walker Trustees seems really out of order to me, and disrespectful to Uncle Jack. The above is just my perception from using a bit of common sense, plus remembering the stuff Jack used to say - can anyone confirm or deny the situation?? Can we be clear that a big part of Jack Walkers vision was to make Rovers self sufficient as a Premier League club, and the trust was set up to support this vision? Rovers are very close to becoming self sufficient, due to the excellent work by the board AND the Walker Trust. This would have been seen as virtually impossible ten years ago, but we have acheived it! The main aim now is to find a means of building on what we have. A superb manager is one key factor, but none theless, finding another investor would be a massive help if we are to continue our amazing progress (or to stand still!). Coming on here having a go at the Walker Trustees seems really out of order to me, and disrespectful to Uncle Jack. The above is just my perception from using a bit of common sense, plus remembering the stuff Jack used to say - can anyone confirm or deny the situation?? Quote | Report this post Posted by: jeppo, yorks on 12:01pm Wed 23 Apr 08 Can we be clear that a big part of Jack Walkers vision was to make Rovers self sufficient as a Premier League club, and the trust was set up to support this vision? Rovers are very close to becoming self sufficient, due to the excellent work by the board AND the Walker Trust. This would have been seen as virtually impossible ten years ago, but we have acheived it! The main aim now is to find a means of building on what we have. A superb manager is one key factor, but none theless, finding another investor would be a massive help if we are to continue our amazing progress (or to stand still!). Coming on here having a go at the Walker Trustees seems really out of order to me, and disrespectful to Uncle Jack. The above is just my perception from using a bit of common sense, plus remembering the stuff Jack used to say - can anyone confirm or deny the situation?? Can we be clear that a big part of Jack Walkers vision was to make Rovers self sufficient as a Premier League club, and the trust was set up to support this vision? Rovers are very close to becoming self sufficient, due to the excellent work by the board AND the Walker Trust. This would have been seen as virtually impossible ten years ago, but we have acheived it! The main aim now is to find a means of building on what we have. A superb manager is one key factor, but none theless, finding another investor would be a massive help if we are to continue our amazing progress (or to stand still!). Coming on here having a go at the Walker Trustees seems really out of order to me, and disrespectful to Uncle Jack. The above is just my perception from using a bit of common sense, plus remembering the stuff Jack used to say - can anyone confirm or deny the situation?? Quote | Report this post Posted by: R. Waterfall, Skipton on 12:32pm Wed 23 Apr 08 My initial guess on what the Trust are asking for on the £65m deal is, £25m + £33.6m to clear debts, leaving only £6.4m to spend in the transfer market. I imagine that the consortium are pushing for the Trustees to clear £13.6m of the debts before any deal so that there will be £20m left for transfers, as detailed in the previous posts. My initial guess on what the Trust are asking for on the £65m deal is, £25m + £33.6m to clear debts, leaving only £6.4m to spend in the transfer market. I imagine that the consortium are pushing for the Trustees to clear £13.6m of the debts before any deal so that there will be £20m left for transfers, as detailed in the previous posts.