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as per the previous post, no settlement had been agreed as of early November (according to Nixon).

For what as happened, at this club in the last week of the transfer window in recent years ! Literally anything is possible !

I'd have no view on it at all because whatever the tax laws of the Country might be at any particular point is completely out of my control.

Raya another, I'm sure there are more. Phillips?

Surely to God they won't register Hedges either?

I know others disagree, but I dont think he's worth THAT much. Personally I wouldn't go beyond £2m for him and that's an absolute stretch. I think the Club would be keener to offload Pears if only because he's probably on the higher wage of the two.

It's the case, I'm afraid. If you were an Indian taxpayer how would you feel about effectively subsidising part of the wages of UK based footballers ?

In the absence of the Club providing confirmation of the position it wouldn't be unreasonable to assume that there has been no settlement?

I find it hard to believe that a Company can not off set losses from an overseas division against profits at home as long as it's all part of the same group of Companies but I'll bow to the knowledge of someone who knows more about it like Herbie or Wilesden.

Queen - Crazy Little Thing Called Love

VLL owns the club in England but itself is owned and funded by the VH group in India. Therefore the funding of that venture is withing the VH group accounts as expenses to keep it afloat. So that money will be minus from the profits or income of the VH group so obviously it'll have an effect on the tax side of things over there. Regardless of it being in England and the clubs losses tend to be more or less in line with VLL. So not too different to the North End set up i assume in terms of group accounting. Jack used his Rosedale Investments (?) to fund the club i think and that was registered in Jersey. I'm sure funding the club helped shave a bit off his tax bill within that investment vehicle if it was making money elsewhere.

Probably still waiting for Pasha to sign off the tribunal admin fee (£300).

26 isn’t it?

I'm not sure where he's originally from (midlands?), but you're right that it's a factor. I'm a northern boy and it would take a huge amount of persuasion (and money) to even make me consider moving down south, in this context.

Toth.

Im quite surprised an Alebiosu, Cantwell or Tronstad hasn't left yet. Let alone someone who isn't being used like Pickering/Ribeiro/Pears Nothing whatsoever surprises me anymore with this lot. I wouldn't be altogether surprised if they panicked and spent more than expected before the end of the window or we saw another last minute Hyam style departure without a suitable replacement despite our predicament.

I just don't think what you've been told adds up,I've learned that in 15 years,to not take anything at face value. If someone had enough will and enough money to buy Rovers and Venkys were willing sellers, there's not a chance would it be blocked by Pasha.

Short answer is "no" Everything we know (I think) is attached above

Yes, I deliberately referred to operating losses as that excludes profits on transfer dealings. I think prospective new owners, either of us or Preston, would concentrate primarily on operating results simply because transfer profits and losses are volatile and cannot be forecast with accuracy.

I think you might have missed my point.

Not feasible at a normal club. Have you not learned anything in 15 years? They are not interested, he acts unilaterally over here. Unless they get access to the Raos in India, nothing gets off the ground. And access is as good as impossible.

You may well be right about how they account for the losses in India - but that will not be the same as the tax treatment. We seem to have our own Chief Financial Officer - Matt Wright - who I assume is responsible for most of the Finance duties rather than the board members.

Unless the Indian tax system is dramatically more generous regarding the utilisation of losses of overseas businesses than every other country in the world - which I doubt and on a brief scan of the easily available information regarding their tax code does not appear to be the case - then Venkys will not be able to offset the football club's losses against their taxable profits in India. If like the Hemmings group they had other UK businesses which were profitable they would be able to utilise the losses.

Also i know Preston didn't have an academy, although not sure if they do know, so that is c3 mill a year less running costs than Rovers . But ... A third of the Rovers academy costs are met by grants and since Venkys took over off the top of my head Jones 16 mill + add ons Wharton 18 mill + add ons Hanley 3 mill Travis 2 mill Leonard 1 mill 40 million quid there divided by 15 years means the operating costs have been entirely covered without the ownership having to spend a penny on it. So all is not as it seems regarding this so called expensive luxury of a Cat 1 academy. The fact a lot of that has been totally spewed on paying off managers, directors and players is again down to the terrible ownership and stewarding of this club and something you won't find has happened at Preston.

The CSL has regressed massively in the last few years. Their stadium is less than half full most games, granted its more than we have at Ewood but hardly surprising given the population of Shanghai is about 30 million 🤣 Biggest name in the league is probably an ageing Teixeira now.