Date: 28th October 2009 at 1:23pm
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Decided to take a read of the latest in the English press before I hit the sack for the night. After reading a few articles, just makes us think, we are in such a lucky, lucky position.

3 Clubs, 2 in the EPL and one in the La Liga, are suffering financial difficulties. Portsmouth have just been handed a transfer embargo by the Premier League, until they can clear or show they can clear remaining debts on past transfers. Hull City’s accountants are concerened that the books simply cant balance. A minimum of 16 million pounds needs to be generated by the club to remain balanced.

Even bigger teams are being hit. Valencia, a power house in Spain, might have to sell of 2 of their best players, David Villa and David Silva to keep the club financially viable.

We complain…Warnock sold for this amount, what happened to the Bentley money, Roque sold for so much, yet we signed Chimbonda for this much, Kalinic for this amount, where is the rest of the money!

Heck if I know where the rest of the money is, though what I do know is that Mr Williams and Co look at the budget, say this amount needs to cover this expense, Sam Allardyce, this is what you have, spend it, and this is what we need.

Great financial management is a neccesity these days. Fortunately, whilst we dont have the finances, we have the people to manage whatever little money we do have….

Long Live our Rovers!

 

10 Replies to “Credit to those who Keep Rovers in Credit”

  • here here! What a great chairman we have!!!! The best for my money… people will always moan that we spend less money than comes in but they dont udnerstand it needs to go on debts etc otherwise we end up like Pompey etc… Long live our Rovers!

  • Having attended the Rovers shareholders meetings for the last 20years I can honestly say that we have the best chairman in the Premier league bar none. The overiding factor at the Rovers at all times is maintaining the finacial viability to keep the club in the Premier league and this is confirmed at each and every annual general meeting by John Willaims and his board.

  • First thing I thought of was how glad to be not in this position where we need to raise cash to stay afloat. Alot of the credit has to go to Mr williams for managing rovers the way he does.

    What i dont get is where have hull spent their money or do they have previous debts

  • I think Hull have been punching above their weight for so long to make the big flight, and it might just have caught up with them…..hope they come out of it though…..

  • Great comments guys – I’d also add that I’d prefer to be in our position at present than some of these ‘rich’ clubs… saddled with debt by investors who want to make a quick profit – Pompey, Liverpool, Man utd, – then you’ve got Arsenal with their stadium costs, Newcastle owe all their debt to their owner, Man City will stay afloat with their arab billions as long as he invests – but like chelsea won’t if the owners walk.

  • I think JW fits into the safe but steady image that the club is run in as well. We may not like it a lot of the time that we dont have the resources to spend spend spend but JW’s hand are tied and he is the best at what he does!!! We have no other choice!

  • JW is doing a fantastic job. In light of a global recession, we were buyers this summer. For a small market team we are far deeper than any of our counterparts and many of the teams above us. Fulham, West Ham, Everton and AV can trot out a starting XI that can contend with almost any team in the league but always fade down the stretch because they can’t adequately cover for the inevitable injuries and exhaustion. Cheers to JW, an outstanding chairman!

  • very few teams of our “size” could of stayed in this league as long as we have – and that is mainly down to the Leagues best chairman!

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