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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.

Just goes to show that Russell Martin's visionary genius laid the groundwork for the later success (although another view might be that the players were always ok and Martin is just shit) 😉 In much the same way as Carrick is reaping the benefit of all Amorin's genius. Amorin thought Mainoo couldn't do the running required in his system and froze him out - and yet in the two games under Carrick he's run more than anyone else in the team, obviously motivated by Amorin's comments rather than it just being Amorin's crap judgement. Some of these managers are just stealing a living. Maybe an essential bit of reading for all Sporting Directors et al should be 'The Emperor's New Clothes'!!

Whilst I don't think it would take a huge amount for one or more of the Clubs to claw their way out of trouble, one win in the last 14, two home wins in 14 all season, we're going to have to improve dramatically to have a chance of staying up - and I just don't see it under this manager. So near and yet so far..........

And it's fair enough to presume the same corporate accounting methods apply in India when the VH group funds its overseas loss making entity. We also have a VH group employee running the club and two VH group finance men on the board of Blackburn Rovers. So nothing different here apart from 5 thousand miles and a good few brain cells.

WBA could be this year’s ‘too good to go down’. One thing’s for sure, that label doesn’t fit us.

Your point being? Also can't losses sustained by Rovers be offset against profits made elsewhere within the Venky's organisation?

For me Bennett and Evans were the polar opposite of likeable and by his own admission Graham didnt take the job very seriously at times and had slowed to a virtual standstill by the end. We could badly use a striker of his type near his prime now though. The others I'd agree with, especially the brilliant Harrison Reed who couldn't even get selected in front of Smallwood and Evans. I agree that the current squad are very unlikeable. The only two I like are Scott Wharton and Alebiosu. Gudjohnssen and Jorgensen I'm neutral on until I've seen a bit more. Ohashi and Moreshita seem nice guys but unfortunately just haven't been very good. I think of all the pelters Dolan used to get but he was far more consistent and effective week in week out than those two have been.