If I can, I'll answer these questions with quote from the FAQ (http://www.brsit.co.uk/2012/04/your-questions-answered/
Ollie Board wrote:So the clubs not for sale and your basing this takeover on something that may not happen?
We cover this in a section early in the FAQ
How do you know the current owners want to sell?
We don’t. However, we do believe the current owners will want to explore their options at the end of the 2011/12 season based solely on the financial performance of the club during their tenure, regardless of league status and position.
The knowledge they have a willing buyer in BRSIT can only benefit them when they decide whether to sell or retain ownership.
Rovertheseas wrote:How does the Trust, assuming it can purchase the club, envisage being able to consistently raise enough capital to invest in player transfers and wages?
There is a whole section on the running of the club in the FAQ
, but the bits that answer your question are:
How will the day-to-day management be undertaken?
The intention of the BRSIT is to recruit a highly professional, experienced and respected Board of Directors to run the club on a day-to-day basis, form recommendations for the financial and operational strategies for all areas of the club with both short and long term goals as a basis, and present these for discussion with and approval by BRSIT.
BRSIT will be a supporter’s ownership group that will have the power to decide on some of the key decisions in the club, such as transfer strategies, borrowing levels, season ticket prices, the composition of the Board of Directors, etc. However, it would be up to the Board of Directors to make footballing decisions such as which players were bought and sold and who was managing the team.
This next bit is from a section called "What if the club loses money", but also covers your question:
BRSIT’s intention is to run the club as a business, within the boundaries of its ability to generate turnover. BRSIT would strive to ensure the club diversifies and expands its income in all areas to facilitate growth and success. There are currently debt and overdraft provisions in place to facilitate the day-to-day running of the club. BRSIT, as new owners, would seek to renew or renegotiate these items in the event that the club loses money on a short-term or temporary basis.
and finally Rover The Top:
Rover the Top wrote:Call me crazy, but surely the first thing to do when considering a purchase of this magnitude should be to make preliminary enquiries as to whether the item is for sale and how much it will cost? You can't talk about what's 'likely' to be involved with a number plucked from nothing. Why the assumption that Venky's will be happy to write off millions of pounds? What do BRSIT propose to use as collateral to cover the club's debts? As said above, where's the money going to come from to invest in the playing staff, or even just plug the gaps in the finances when the club runs over budget? Who's going to pay Steve Kean's compensation?
To cover the first part of your question, the current owners are extraordinarily difficult to contact, but here's a quote from the FAQ
Has BRSIT made an offer for the club
Not yet. BRSIT is seeking dialogue with the current owners directly and through intermediaries.
I think the 2nd part of your question is covered above? IE, Rovers would be run as a business, within it's own ability to generate revenue, and existing overdraft facilities to cover any short term losses, just like any other business.
Thanks for the questions everyone, keep them coming!