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!

No he provides them on a regular basis. 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?

His ultimate issue is his lack of pace. His style of play would require him to be significantly quicker if he were to be an impactful player at a higher level. He looks like he should be quick, but he just isn't. Stronger, faster, smarter defenders will have him in their back pocket. He could definitely join a more ambitious club in the Championship and find his way in the Premier League through promotion, or get a taste of European football by going to Rangers or Celtic, but if a Premier League team signs him, they will be making a mistake.

I think a poster on here, once trivialised this in the past, but here is an extract from the link posted above. So, assuming the article is accurate the owners have stated that Venky's overseas limited has been declared to the state bank of India, as a business that is trading in agriculture and mining and rearing of ducks and hens amongst other. That sounds to me, pretty much like fraud, but maybe that is an over reaction. The ED’s investigation revealed that VHPL had declared the business of VOL to the Reserve Bank of India as agriculture and mining, including rearing of ducks, hens, among others. No such business activity, however, was ever undertaken by VOL even after the lapse of over 11 years since its incorporation, said the ED sources.

As regards Rovers the ED have been over-ruled twice? now though and restrictions appear to be slowly relaxing rather than increasing, so unless something drastic changes in the meantime the Club are probably correct to assume a precedent has been set. We probably haven't found out yet the entirety of what Venky's the organisation are being investigated for. I suppose something major could theoretically come to light which would cause us problems. Equally the wider investigation could come to nothing. I'm not sure why these proceedings have not prompted the EFL to consider whether Venky's the owners are still "fit and proper owners" though. That happened to the guy at Reading as I recall. Presumably as long as the bills are still being paid there's no problem from their point of view.

I don't think the transfer moneys due have run out - because some of them have yet to be received. Per the club's accounts at 30 June 2024 there are football related debtors of £12.29m falling due more than 1 year after the date of the accounts - ie from 1 July 2025 onwards. Therefore I think we may be looking here at a short term cash flow problem which can be addressed by a short term loan from the bank.

ED seizes nine assets of Pune-based poultry major in FEMA probe | Mumbai news - Hindustan Times

Yep

You are very welcome. Glad you manged to sort it.