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Basically means you don't owe us that anymore but we've added to the value of the club so we'd want more for it. Not that they'd get it obviously but it's just a way of writing debt off.

Sorry Tom still none the wiser -needs to be basic for me 🙂

very interesting read this.

Might be wrong but i assume it's if they start converting big loans into equity?

JBiz -edit thanks for the reply On 2, you would think then that active measures would be taken to achieve that top division. That doesn't seem to be on the agenda given statements by RG and actions of the hierarchy. edit again Indeed, on 3 but just seeing if MP would agree with us 😉

Ah dreams, thanks, very useful post. Could you clarify for me -not the best at finances. 1 Is the 150m increasing at all year on year? 2 I get that they will have to eventually write off that loan, I get that you say they won't want to do it all at once. Could you explain how we see that they are 'winding it down'? 3. What could precipitate them writing it down? Could they just keep this going indefinitely?

I know you didn’t ask me, but; 1. Dreams hit the nail on the head with this - we’re just a portfolio business, in their portfolio of hundreds of businesses - I would imagine it’s the equivalent to one of us losing £20 down the settee, or forgetting to sell something you don’t use, that’s been sat in the garage collecting dust. 2. Again -this is difficult to guess without knowing them. I would argue that we’re easier to sell in the top division however. 3. I think anyone with a semblance of basic brain function would say hindrance

MP, given that you are clearly very knowledgeable in these matters: 1 Why are they (the Raos, one or all) still here (presuming the club is theirs to sell) given that they appear to have no interest. 2 Under what circumstances would the Raos sell? Do you have any potential figures here? 3 Do you believe that the continued ownership by the Raos is a help or a hindrance to the progress of Blackburn Rovers? This is presuming that they are in control and not some puppet of other agencies.

It’s always been a confusing thing for me I think the reality is that we are just another part of a much larger portfolio to them. They don’t know anything about football. It is a hobby turned liability. A liability that they are happy to keep Whilst they won’t necessarily offset tax what they do is loan. Those loans then sit as an asset on the Venkys book. So all £150m they have here is book value for VH Group. They can write off those loans whenever they wish. The existence of the loans is what will drive buyers away as any sensible purchase price requires Venkys to either waive the loans or turn to equity - the buyer will never, ever want the equity option. Nor will they want to pay Venkys 150m. Nor will Venkys want an instant -150m hit on their balance sheet It is all accounting. Owning rovers doesn’t make the Venkys richer. In their group accounts, the loans are wiped out - as a group company cannot own a debt to themselves. One day the Venkys will have to waive the loans and that loss will then materialise on a group level. If you start to see Venkys wind the debt down, that is a sure fire way to know they are approaching time to leave. I don’t believe there is an appetite for them to waive the book value of the loans because they would have done it by now to improve Rovers position. The higher the loan debt, the worst our net asset position is This is why folk who keep saying Venkys pay the bills just aren’t understanding accounting. Those losses will forever remain. The only way they’d be paying it is if they actually donated the cash. By subsidising the club with loans they are basically delaying having to admit they have lost money Sounds quite apt considering this is Venkys. Proactivity is not their mantra

I'd say if there are any loopholes these lot will be in them and through them in a jiffy via their whizzkid accountants. I don't want to be stereotyping but ducking and diving and knowing every avenue where money is concerned is in the very DNA of Indian business culture. Also there does remain the real possibility they have that much annual disposable income that they just aren't that bothered but have simply fallen out of love with their English baby. And it's family...... us !

Has nobody questioned why our academy players(in particularly) suffer so many bad career spoiling injuries over the last 5-10 years

I think I’m just going to hang out here for now: Stevie Wonder - Signed Sealed Delivered (I’m Yours)

His legs have gone. One game this season he got beat by a striker after having a 20 yard head start on the lad. Him being awful is partly why they signed Hyam

If that's correct and If they're not getting any form of tax relief whatsoever elsewhere from their ownership of the Club, that makes their continued presence even more inexplicable doesn't it?

Masher is right on this one chaps. Remember going down this rabbit hole myself one night

Hayden Carter will be like a new signing. Be grateful.

Have we signed anyone.

Is he? Haven't seen him play for a while but always thought he was a very solid defender.

He’s awful. Actually think that would make them weaker.

That would leave 18 year old Michalski as the number 1 keeper with Pears injured.

Connor Coady rumoured to be going to Charlton on loan. That's a big signing for them, if true. The sort of leader we have sorely missed here since Batth and Hyam both departed. We have no leaders at the back now. McLaughlin has been a big disappointment. Miller has been OK.

Donated. Good luck to him. Hope you're okay pal

It only goes in the expenses column if the investment is written down. But 2 points : 1. That assumes the writedown is an allowable deduction for Indian tax purposes. I don't know. 2. Last time I looked at the VLL accounts there was a statement along the lines that the directors of that company believed the investment in the football club -equity and debt - was worth what VLL had put in. In that case I don't see how the Indian holding company could claim a writedown.

They count if an Indian resident is trading in the UK its own right, usually through a branch. But that is not happening with us.

Squeeze - Take Me I'm Yours