Venky’s v Indian Government (a) - 5/8/2025 - Post-Season Friendly (s/t late postponements)

[RoverDom]

It's no wonder our club is run how it is if that's the culture they come from. Absolutely batshit. 

[47er]

19 hours ago, Exiled_Rover said:

That was £30m. Where has it gone?

Legal fees!

[davulsukur]

2 hours ago, paullarrygher said:

Order published and guess what...judge on leave and next listed for 20 May.

😂😂😂😂

Laughable stuff.

[J*B]

I’m not one for defending Venkys but I sincerely hope they can claim back all the fees wasted having a legal team attend every few weeks only for the judge to no show. 

[Crimpshrine]

1 hour ago, J*B said:

I’m not one for defending Venkys but I sincerely hope they can claim back all the fees wasted having a legal team attend every few weeks only for the judge to no show. 

Serves them right for being dishonest and avoiding tax in the first place. It's all of their own making. 

[MarkBRFC]

1 hour ago, J*B said:

I’m not one for defending Venkys but I sincerely hope they can claim back all the fees wasted having a legal team attend every few weeks only for the judge to no show. 

Why?

[wilsdenrover]

Who else thinks ‘on leave’ is a euphemism for tied up in Balaji’s basement?

 

[...]

On 09/05/2025 at 16:35, wilsdenrover said:

Who else thinks ‘on leave’ is a euphemism for tied up in Balaji’s basement?

 

Definitely being paid off. I know their system is shit but this is just a joke

[Tomphil2]

On 09/05/2025 at 16:35, wilsdenrover said:

Who else thinks ‘on leave’ is a euphemism for tied up in Balaji’s basement?

 

I'd say they know someone in the court and they are filed under not urgent nor are they pushing it.

As always with Venkys things are never as they seem.

[aletheia]

On 09/05/2025 at 16:35, wilsdenrover said:

tied up in Balaji’s basement?

That's an image I'm never gong to get out of my head 😉

[wilsdenrover]

1 hour ago, Tomphil2 said:

I'd say they know someone in the court and they are filed under not urgent nor are they pushing it.

As always with Venkys things are never as they seem.

They want it to seem like they’re doing something whilst they’re actually doing nothing. 

[wilsdenrover]

15 minutes ago, aletheia said:

That's an image I'm never gong to get out of my head 😉

Sorry! 😬

[roverblue]

Unless something changes I would be amazed if a single penny is spent on players before the next court case is heard.

The transfer fee income is all gone and it's clear Venkys don't want to send any money over using the 'bond' method which is yet to be used.

The only other option would be another dodgy bridging loan from some 'local businessman' against the training ground again.

 

[Wheelton Blue]

1 minute ago, roverblue said:

Unless something changes I would be amazed if a single penny is spent on players before the next court case is heard.

The transfer fee income is all gone and it's clear Venkys don't want to send any money over using the 'bond' method which is yet to be used.

The only other option would be another dodgy bridging loan from some 'local businessman' against the training ground again.

 

Also known in executive circles as 'washing our own face', I believe.

All Hail Suhail.

[paullarrygher]

I don't feel like this has been properly flagged, particularly in recent interviews with Suhail, Waggott etc when claiming that there's no issue with Venky's funding the club. But let me know if I'm wrong

In the court judgement from September 2024:

Quote

"Consequently, whenever the Petitioner (Venky's) wishes to transfer any foreign exchange abroad / make a remittance to its Wholly-Owned Subsidiaries abroad, they are required to furnish bank guarantees of equivalent amount to the ED. Mr. Krishnan states that this predicament places an immense financial burden on the Petitioner..."

So there it is in black and white, that Venky's consider it an "immense financial burden" to send funds to the club while Pasha/Waggott claims there is no impediment.

They request that the ED close the investigation and end the need for providing the bank guarantees. There's been no update since then as the case has been relisted and relisted. 

Has that ever been put to Pasha/Waggott in interviews or fans forum? I can see no mention of this order in the Lancashire Telegraph etc.

Edited Wednesday at 14:26 by paullarrygher

[Tomphil2]

Sending 10 million company money from a  bank acc/borrowing facility serviced by huge monthly turnover is one thing.

Providing 10 million in personal guarantees or bonds is another, further reinforces though that one of the primary reasons they hang onto the club is because it works well within the company accounting structure.

Promotion means nothing to them.

 

[lraC]

1 hour ago, paullarrygher said:

I don't feel like this has been properly flagged, particularly in recent interviews with Suhail, Waggott etc when claiming that there's no issue with Venky's funding the club. But let me know if I'm wrong

In the court judgement from September 2024:

So there it is in black and white, that Venky's consider it an "immense financial burden" to send funds to the club while Pasha/Waggott claims there is no impediment.

They request that the ED close the investigation and end the need for providing the bank guarantees. There's been no update since then as the case has been relisted and relisted. 

Has that ever been put to Pasha/Waggott in interviews or fans forum? I can see no mention of this order in the Lancashire Telegraph etc.

I have posted on here that there is one huge impediment to the funding, so thanks for the quote. There have been no funds sent since and I expect none in the future, unless this impediment is lifted.

[Upside Down]

3 hours ago, lraC said:

I have posted on here that there is one huge impediment to the funding, so thanks for the quote. There have been no funds sent since and I expect none in the future, unless this impediment is lifted.

Hopefully it isn't.

[wilsdenrover]

Case number 1 tomorrow.

🎶We are top of the list I said we are top of the list 🎶

Will the judge turn up…

 

[davulsukur]

2 hours ago, wilsdenrover said:

Case number 1 tomorrow.

🎶We are top of the list I said we are top of the list 🎶

Will the judge turn up…

 

Something will go wrong, that's for sure.

[Hasta]

Warchest

[simongarnerisgod]

4 hours ago, wilsdenrover said:

Case number 1 tomorrow.

🎶We are top of the list I said we are top of the list 🎶

Will the judge turn up…

 

hopefully the judge will have a hangover, be in a foul mood ,sentence them all to jail and have their assets liquidated😁

[wilsdenrover]

10 minutes ago, simongarnerisgod said:

hopefully the judge will have a hangover, be in a foul mood ,sentence them all to jail and have their assets liquidated😁

[Tomphil2]

Number 1 now, number 12 by morning in typical fall away style.