So how do you make the inference he's annoying without watching him? I never said you're not entitled to an opinion. I simply exercised my own.

So......who have we got worth £4.85m?

And from the horse’s mouth: https://enforcementdirectorate.gov.in/sites/default/files/latestnews/PR MBZO2- FEMA Seizure-4.09.2023.pdf https://enforcementdirectorate.gov.in/sites/default/files/latestnews/Press Release -VHPL-09.10.2023.pdf

Might be the case that being merely being under investigation is ok, but if they're actually found guilty of anything implying any form of dishonesty the EFL might take another look. Innocent until proven guilty and all that. Rightly so.

Innocently mis representing the purposes of the Company seems somewhat too trivial to warrant a major investigation imo. It's clear the current Indian regime don't like money leaving the Country full stop. So maybe they're trying to make out that the omission was deliberate to allow funds to be funneled out overseas? Doesn't the investigation on the information so far to hand centre around the allegedly improper purchase of Neville's old house and shares in Akon's Company using VOL money? I'd have thought it would be pretty easy to argue they needed a suitable Base in this Country re: the house. Not so much the shares.

Whether something is illegal is determined by the courts, not the press - but even if things do go against the Raos here I can't see it being anywhere near enough to enable the EFL to act. There is at least one Premier League club with owners who practise torture in their own country.

I think to the owners it's a matter of principle - they are ,to put it mildly, extremely unwilling to provide funding if they have to put up the guarantee as well.

At Reading there was non payment of taxes and wages . For the authorities to be trying to enforce a sale of a club requires there to be very serious infractions - not dissatisfaction from supporters. I don't think that a court case and an article in the Indian Press, suggesting illegal remittances , can really be described as dissatisfaction from supporters to be honest. ED seizes nine assets of Pune-based poultry major in FEMA probe | Mumbai news - Hindustan Times

And the departure of Waggot ! I expect his role to now be shared out between the shadow ruler, his lacky and whomever else in order to save money. Expect more costly cock ups it's inevitable.

Correct and was never an issue 👍

Yeah. I am sure some will be pro and some will be anti ED. Amazing that we are hear as Rovers fans, discussing Indian court cases. Never the Twain.

Seems that way. But so far they've been over-ruled twice. Might be a different story if we got an unsympathetic judge at some point though.

The cash shortfall probably partly explains the decision to shut the women's section The sales of Dolan and Brittain should just about cover the funding gap Either way it's clear there's little or no money to spend on players this summer In other words, nothing has changed

Sounds like the ED are gunning for them and do not want them really sending anything. That's just my opinion though.

Boom Boom!

He has provided plenty, he’s been a key member of a side who’s spent years at the top end of the table. Not sure anybody thinks he’s PL quality, but good luck to him if he has ambitions to get there one day.

I presume the reduction to a 50% guarantee on top of the emboldened bits is why the ED have now complained to the Adjudicating Authority.

Yes, like I said, as long as the major bills continue to be paid presumably there's no problem from their point of view.

Appreciate your wider point but why would we need to borrow the money from the bank when the Court have said they can send the money over? As others have said I wouldn't be surprised to see net sales approximating to a similar amount instead

At Reading there was non payment of taxes and wages . For the authorities to be trying to enforce a sale of a club requires there to be very serious infractions - not dissatisfaction from supporters.

Good to hear. Thanks for clarifying.

You’re very welcome 👍

It's a matter of subjective interpretation really. My view is that if they're willing to meet the guarantee in case of emergency it makes no practical difference to us whatsoever. If and when all need for a guarantee is removed, imo they're not suddenly going to start lashing more money in the Club's direction. We won't see any benefit, it'll just be cheaper for them.

Long term if they don't send money over there is a lot to worry about unless the annual cash deficit can be covered by transfer dealings - but in the immediate term I would expect us to get through the next year ok.

So, just a short term cashflow problem then and not much for us to worry about?