DutchRover Posted August 21 Posted August 21 1 hour ago, wilsdenrover said: No reason is given in the filing list. Every previous application has either been to ask to send monies or to try and change the conditions for doing so. There’s no longer a need to go to court just to be able to send funds as the Directorate of Enforcement are ‘happy’ to issue No Objection Certificates subject to the previously imposed conditions being adhered to. Therefore my guess, and it is just that, is they’re trying again to have the guarantee requirement removed. Cheers Does make me wonder what their angle is. Removing the guarantee would certainly make it harder to claim the court case prevents correct funding of the club, which they seem to have been doing so far (unless they have next to no liquidity the guarantee ought not to present an issue to billionaires). I guess it could just be spite/pride, and unwillingness to pay into a guarantee if they are already in dispute with the bank Do we know does the Indian Gov is block transfer of funds for investment in playing staff (i.e. transfer fees), and only allow "day-to-day" costs to be serviced as part of the 'NOCs'? Given the investigation is into the mis-use of investment funds could this be part of the issue? A fear that "transfer money" would be used in other ways or siphoned to agents? 1 Quote
This thread is brought to you by theterracestore.com Enter code `BRFCS` at checkout for an exclusive discount!
Tomphil2 Posted August 21 Posted August 21 It's running costs only but in any case when have they sent money for transfers ? They don't, whenever there's been modest spending it always comes when outgoing sales money is dropping in the account. Quote
Upside Down Posted August 21 Posted August 21 12 minutes ago, DutchRover said: Cheers Does make me wonder what their angle is. Removing the guarantee would certainly make it harder to claim the court case prevents correct funding of the club, which they seem to have been doing so far (unless they have next to no liquidity the guarantee ought not to present an issue to billionaires). I guess it could just be spite/pride, and unwillingness to pay into a guarantee if they are already in dispute with the bank Do we know does the Indian Gov is block transfer of funds for investment in playing staff (i.e. transfer fees), and only allow "day-to-day" costs to be serviced as part of the 'NOCs'? Given the investigation is into the mis-use of investment funds could this be part of the issue? A fear that "transfer money" would be used in other ways or siphoned to agents? They've to provide a detailed list of where the money is going when it's sent over. Perhaps this could be the real issue they have with the restrictions placed upon them? 1 1 Quote
wilsdenrover Posted August 21 Posted August 21 18 minutes ago, DutchRover said: Cheers Does make me wonder what their angle is. Removing the guarantee would certainly make it harder to claim the court case prevents correct funding of the club, which they seem to have been doing so far (unless they have next to no liquidity the guarantee ought not to present an issue to billionaires). I guess it could just be spite/pride, and unwillingness to pay into a guarantee if they are already in dispute with the bank Do we know does the Indian Gov is block transfer of funds for investment in playing staff (i.e. transfer fees), and only allow "day-to-day" costs to be serviced as part of the 'NOCs'? Given the investigation is into the mis-use of investment funds could this be part of the issue? A fear that "transfer money" would be used in other ways or siphoned to agents? We don’t know because Venkys have never asked… 2 Quote
DutchRover Posted August 21 Posted August 21 5 minutes ago, Upside Down said: They've to provide a detailed list of where the money is going when it's sent over. Perhaps this could be the real issue they have with the restrictions placed upon them? It would explain why they suddenly lost interest in the club once the investigation started... 2 Quote
wilsdenrover Posted Friday at 16:14 Posted Friday at 16:14 Case was listed for today. Judge wasn’t in. That is all 🤦♂️ Quote
RevidgeBlue Posted Friday at 16:16 Posted Friday at 16:16 1 minute ago, wilsdenrover said: Case was listed for today. Judge wasn’t in. That is all 🤦♂️ Were you all lined up with your drinks and popcorn just to learn that? How dare they ruin your day! 🙂 1 Quote
wilsdenrover Posted Friday at 16:25 Posted Friday at 16:25 7 minutes ago, RevidgeBlue said: Were you all lined up with your drinks and popcorn just to learn that? How dare they ruin your day! 🙂 Nope, I didn’t foresee it being listed so quickly - lucky for them or I would have been furious 😁😁 1 Quote
RevidgeBlue Posted Friday at 16:33 Posted Friday at 16:33 Was this the latest installment of the never ending "Operation get restrictions removed?" I've lost track. Venkys probably slipped the judge a couple of grand to go away for the weekend to save on the alleged £25k per hearing legal fees. DISCLAIMER: That's a joke for the avoidance of any doubt. Quote
RevidgeBlue Posted Monday at 12:13 Posted Monday at 12:13 31 minutes ago, wilsdenrover said: Now listed for this Thursday… That's a bit sudden....... Suddenly pushing to get restrictions removed in time for a last minute splurge in the transfer window? ....... Then the alarm went off................. 😂 2 Quote
wilsdenrover Posted 12 hours ago Posted 12 hours ago Will be 2nd case to be heard tomorrow (if judge turns up…) 1 Quote
wilsdenrover Posted 4 hours ago Posted 4 hours ago (edited) I wasn’t awake early enough to know what/if anything happened but the judge is definitely there this time. Edited 4 hours ago by wilsdenrover Quote
KentExile Posted 4 hours ago Posted 4 hours ago (edited) 2 hours ago, wilsdenrover said: I wasn’t awake early enough to know what/if anything happened but the judge is definitely there this time. You have let the side down 😉 But it is ok, we can rely upon Elliott Jackson giving us a blow by blow account of events, with full and complete understanding of the picture........... oh, nevermind, I see where I have gone wrong there Edited 2 hours ago by KentExile 3 Quote
Old Codger Posted 3 hours ago Posted 3 hours ago 1 hour ago, wilsdenrover said: I wasn’t awake early enough to know what/if anything happened but the judge is definitely there this time. How do we know this? Have you got spies in the Indian camp? Quote
wilsdenrover Posted 3 hours ago Posted 3 hours ago 13 minutes ago, Old Codger said: How do we know this? Have you got spies in the Indian camp? If only 😁 You can watch the court cases over the internet - he’s definitely sat there as grumpy as ever 😁😁. Quote
KentExile Posted 3 hours ago Posted 3 hours ago Just now, wilsdenrover said: If only 😁 You can watch the court cases over the internet - he’s definitely sat there as grumpy as ever 😁😁. Id be grumpy too if I was given 100 things to do every day when it is only physically possible (apparently) to do 20-30 of said things 1 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.