JR simply didn't have enough cash

[keepmoatfaithful]

http://www.yorkshirepost.co.uk/sport/football/doncaster/doncaster-takeover-blocked-to-leave-ryan-fuming-1-6736408

"I asked the League if we had any chance of passing the test and they simply said ‘no’. I find that ridiculous. Basically, they (the League) are taking into account nothing but pure cash. But what about assets?

I have assets, Louis certainly has assets. What we don’t have is £5m in cash sitting there, which is what the League seems to want.

Who has that amount of cash? People have assets and that should be taken into account. How is anyone going to pass in the future?"

 

[RoversAlias]

Who has £5 million in cash? I imagine a lot of football owners, John.

Deary me. I've always thought his attempts to pawn off blame for his failings on other people as a bit daft but this one really takes the cake. If you have to sell/use your assets to make up £5 million what hope have you of running a professional football club?

[Wild Rover]

I don't think its a case of not having the money, surely between them they have. 5 million to fund the "Business Plan", shouldn't have troubled the two.

The problem seemed to be they simply couldn't provide evidence of this "Liquid funding", which came as no surprise to me . Lets face it, majority of JR and LT wealth will be in investment accounts, not current or saving accounts.

Assuming both had a couple of "Current" and a couple of "Saving" accounts, I doubt more than 140K is in the accounts, as legislation only "Guarantees" 35K "Refund" if bank goes "Tits UP" ala Northern Rock, so both would be a little foolish to have millions in these type of accounts.

[steve@dcfd]

http://www.doncasterfreepress.co.uk/sport/doncaster-rovers/explained-why-john-ryan-and-louis-tomlinson-s-takeover-bid-failed-1-6736659#.U8jcpWammRA.twitter

In this article it says the same rules have operated in the Championship for the last four years and is now in operation in league one and league two. So anybody who wanted to takeover a club must have known the rules, especially when you have been a co-owner in the Championship. So yet again we have had upheaval in preseason and I am sorry John, although you are a fan and Co-owner and believe you are doing the best for the club, you have not.

[Copps is Magic]

Since this came to light JR has given an interview to BBC radio Sheffield and the Yorkshire post. Before the takeover was even announced by the club JR had given interviews to 3 official sources. He's really taking the wrong approach by conducting his affairs through the media - bypassin people who are important and creating things that can only come to bite him in the arse.

[silent majority]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

[Retdon1]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

I agree with this Ryan would of put us millions in debt chasing his prem dream, it's good news all round he's not taking us over

[steve@dcfd]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

It will only be a good day for us if we can sign players that will progress the club. Loosing contracted players who have release clauses will not be good day for our club. It's only a community club when the majority of the community come and support it, we do not have that.

[Copps is Magic]

Don't think there's any need for the phrase 'egotistical individuals', personally. Not really constructive.

[bfdoncaster west]

why did the vsc not halp jr

[DonnyNoel]

why did the vsc not halp jr

How much cash do you think they have lying about??

[Lipsy]

If he didn't have the cash, where was it coming from? And where was any future monies coming from? And who was going to pay for this "better team than we had last season" that I believe he said we'd have?

If JR was found wanting on that front, it's no wonder he was turned down. Maybe it was a good thing, after all...

[silent majority]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

It will only be a good day for us if we can sign players that will progress the club. Loosing contracted players who have release clauses will not be good day for our club. It's only a community club when the majority of the community come and support it, we do not have that.

You're mixing up the argument though Steve. I was talking in general how the FL regulations, which have worked perfectly well in the Championship for the last four years, are accepted by all 72 clubs as appropriate. And I agree.

Football clubs are centred in the community in which they serve, they've become a community institution over the years. They're not a toy for rich (sic) individuals. Just because our club isn't well supported doesn't stop it being a community club.

[Glyn_Wigley]

why did the vsc not halp jr

We asked to meet him, he didn't have the time. Apparently.

[Filo]

why did the vsc not halp jr

We asked to meet him, he didn't have the time. Apparently.

He seemed to find the time to talk to Radio Sheffield at short notice

[Dare to dream!]

Don't think there's any need for the phrase 'egotistical individuals', personally. Not really constructive.

Amazing isn't it. I've seen people have a dig at SM and he often flies off the hook, yet he come's on here doing the same thing to JR.

[Lipsy]

It's always the same people that stick the knife in - just ignore it.

However, it's a forum. It's allowed.

[silent majority]

Don't think there's any need for the phrase 'egotistical individuals', personally. Not really constructive.

Amazing isn't it. I've seen people have a dig at SM and he often flies off the hook, yet he come's on here doing the same thing to JR.

You need to read that again,it doesn't make any sense.

But, in my defence, I've been the subject of legal action and a smear campaign that's lasted over 12 months, and only because I've questioned the motives of an individual who wasn't being very open about his intentions.

But if having a pop at me makes your day, go ahead.

[pib]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

"It's not about personalities."

[silent majority]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

"It's not about personalities."

It's not. And highlighting that doesn't make it so.

[pib]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

"It's not about personalities."

It's not. And highlighting that doesn't make it so.

I don't think it is either.

I do think that throwing around the term 'egotistical individuals' rubs against the grain of what you've been saying to people for weeks - "it's not about personalities" "I have nothing against JR". It does in my opinion anyway. Not that that matters.

Obviously you'll deny that was about JR because you didn't explicitly say it was, but I think we all know.

[GazLaz]

Was John's biggest mistake selling Transform for £20m!? I think 12 years or so on it looks like that was a mistake. Selling a successful business then 5 years later trying to start up another similar business and losing money on it isn't the best plan is it.

[big fat yorkshire pudding]

In the accounting world there is a clear distinction between assets and liquidity. Jr would know that and the importance of it.

[Muttley]

In the accounting world there is a clear distinction between assets and liquidity. Jr would know that and the importance of it.

I'm not so sure he would.

In my opinion he's not the great businessman everyone makes him out to be, he just got lucky with Transform.

(And no, I'm not a millionaire therefore I'm not entitled to pass any opinion).

[GazLaz]

Ryan is successful for the same reason many successful people are, his single mindedness, never contemplating failure and the positivity he has towards anything he does (however daft). Confidence and enthusiasm usually gets you further than brains.

[godlike1]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

looks like you have finally let your thoughts on JR come out into the open then.  I dont understand why you did not make your opinions clear before and then at least say to JR, prove me wrong

[graemedrfc]

Sad as it may seem, given our history, I hope we never hear from Mr Ryan again. It's time to move on. Rovers will always be here as long as we have real supporters. Let's get behind the lads on the field.

[DRNaith]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

looks like you have finally let your thoughts on JR come out into the open then.  I dont understand why you did not make your opinions clear before and then at least say to JR, prove me wrong

Not sure what part you feel is incorrect?

[RedJ]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

looks like you have finally let your thoughts on JR come out into the open then.  I dont understand why you did not make your opinions clear before and then at least say to JR, prove me wrong

Well they did offer to meet with him...

[silent majority]

'A black day for football'?

No, it's a good day for football when egotistical individuals without sufficient funds are blocked from taking over a community club.

looks like you have finally let your thoughts on JR come out into the open then.  I dont understand why you did not make your opinions clear before and then at least say to JR, prove me wrong

You'll have to excuse me for being ignorant, but where in this post do I mention John?

I've made my thoughts clear on more than one occasion that I've never been happy with the governance of football and how easy it's been for people without the right intentions to take control of football clubs for the wrong reasons.

Head to the main page of this website and read what I wrote about the VSC meeting with Clive Efford MP.