Venky’s (& Suhail) Out Protest Ideas

[RoversClitheroe]

We are absolutely fucked

[davulsukur]

29 minutes ago, bazza said:

Back to the weird Venkys (aka Raos).........

Only two things stand out in my mind

1) Saving face

2) Snowball (revenge)

I cannot understand beyond this.

Their actions have never tallied with saving face. They’ve taken an enormous amount of flak after pulling the rug under JDT, letting Eustace leave for relegation threatened Derby and refusing to fund the women’s team.

That’s all in a short time period in recent history as well. If they were trying to save face JDT would have been backed with a decent budget and the ladies would have got the required funding.

If anything they’re becoming even more of a laughing stock as time goes by.

[USABlue]

Someone needs to bribe the Indian judge to force them to sell Rovers or open all their books from day one, or just tell em sell or be in contempt.  I don't care about legalities just get.em out

Edited Friday at 20:40 by USABlue

[chaddyrovers]

11 hours ago, funny-old-game said:

He's been running the whole show for 8 year+ chaddy. How've you not got that?

Nowhere did I said he isnt but most of that time it was official role within Rovers hierarchy and Rovers board

[47er]

Chris Sutton posting on X ( I think he means "soul"!

@allrovers_

“It was a great club, it’s not the same anymore it was a club with a heart and sole, with a brilliant owner and board.” Chris Sutton speaking on BBC 5 Live. #rovers

 

[rigger]

9 hours ago, 47er said:

Chris Sutton posting on X ( I think he means "soul"!

@allrovers_

“It was a great club, it’s not the same anymore it was a club with a heart and sole, with a brilliant owner and board.” Chris Sutton speaking on BBC 5 Live. #rovers

 

That sounds a bit fishy.

[lraC]

1 minute ago, rigger said:

That sounds a bit fishy.

I think he probably got it wrong, as he was thinking of something that you can trod in, that then stick to the bottom of your shoe. 

[47er]

2 hours ago, rigger said:

That sounds a bit fishy.

load of codswallop.

[lraC]

I have been talking to a couple of friends this morning and trying to establish, the amount that is either now in the bond, or have been seized, by the ED since it came to light that the owners were being investigated. It has been reported that ED initiated the investigation, in connection with illegal remittances made by the company since 2010 to date to it's wholly owned Subsidiary named M/s Venky's London Limited, Cardiff UK. 

Six properties were seized under the provision of Foreign Exchange Management Act (FEMA) 1999.

The value of the properties seized was £7.3M and as we are aware, since then they owners have had to apply to the court, for permission to send any further funds to VLL in order to fund the club. Due to the ruling made that a bond had to be paid at 100% of the amount transferred, this stands them at circa £23m inclusive of the value of the properties seized.

Given the recent request for £4.85M to be sent, which was made in March and the recent court hearing, whereby the bond required has been reduced to 50% of future remittances, if this is indeed sent, it will stand them at £25m which is more than the initial purchase price of the club.

It could well be a masterstroke by ED agreeing to 50% as it will test the resolve of the owners, who must have some serious concerns by now, that the property seized and the Bond monies, could be lost.

It remains to be seen if they do send the £4.85m required, as this is to keep the club ticking over and meeting it's liabilities, not to fund transfers or pay for things like ground maintenance, so will the rumours if certain players being sold, materialise, which surely must happen, if the funds are not sent, otherwise it could be game over.

[lraC]

[wilsdenrover]

24 minutes ago, lraC said:

I have been talking to a couple of friends this morning and trying to establish, the amount that is either now in the bond, or have been seized, by the ED since it came to light that the owners were being investigated. It has been reported that ED initiated the investigation, in connection with illegal remittances made by the company since 2010 to date to it's wholly owned Subsidiary named M/s Venky's London Limited, Cardiff UK. 

Six properties were seized under the provision of Foreign Exchange Management Act (FEMA) 1999.

The value of the properties seized was £7.3M and as we are aware, since then they owners have had to apply to the court, for permission to send any further funds to VLL in order to fund the club. Due to the ruling made that a bond had to be paid at 100% of the amount transferred, this stands them at circa £23m inclusive of the value of the properties seized.

Given the recent request for £4.85M to be sent, which was made in March and the recent court hearing, whereby the bond required has been reduced to 50% of future remittances, if this is indeed sent, it will stand them at £25m which is more than the initial purchase price of the club.

It could well be a masterstroke by ED agreeing to 50% as it will test the resolve of the owners, who must have some serious concerns by now, that the property seized and the Bond monies, could be lost.

It remains to be seen if they do send the £4.85m required, as this is to keep the club ticking over and meeting it's liabilities, not to fund transfers or pay for things like ground maintenance, so will the rumours if certain players being sold, materialise, which surely must happen, if the funds are not sent, otherwise it could be game over.

Those figures (seized property and guarantees to date) are confirmed within the most recent court order.

They were part of a Venky’s’ argument as to why the guarantee condition should be removed from future remittances. 

[lraC]

3 minutes ago, wilsdenrover said:

Those figures (seized property and guarantees to date) are confirmed within the most recent court order.

They were part of a Venky’s’ argument as to why the guarantee condition should be removed from future remittances. 

It must be a concern that despite this figure, they have still not been given their way, in having the need for the bond removed.

It is surely telling, that despite £25m in property and bond monies, they are still required to provide further guarantees, in order to fund the club.

They are surely, somewhere near the tipping point.

[wilsdenrover]

2 minutes ago, lraC said:

It must be a concern that despite this figure, they have still not been given their way, in having the need for the bond removed.

It is surely telling, that despite £25m in property and bond monies, they are still required to provide further guarantees, in order to fund the club.

They are surely, somewhere near the tipping point.

Indeed, and if the Directorate of Enforcement had their way then Venkys wouldn’t be allowed to send monies whatever conditions were attached.

It makes you wonder what they’ve found out/suspect but not yet revealed.

[lraC]

3 minutes ago, wilsdenrover said:

Indeed, and if the Directorate of Enforcement had their way then Venkys wouldn’t be allowed to send monies whatever conditions were attached.

It makes you wonder what they’ve found out/suspect but not yet revealed.

I look forward to finding out.

Hopefully whatever it is, the outcome will be one, where they are forced to relinquish their ownership.

[SIMON GARNERS 194]

So Sick,Tired and Angry with it all.The bottom line is these gobshytes should NEVER have been allowed to aquire Rovers.

Why,WHY dont they put the Club up for sale and we can ALL move on forwards?

Dragging the name of our great Club through the Mud,this is pure torture.

Edited 2 hours ago by SIMON GARNERS 194

[lraC]

46 minutes ago, SIMON GARNERS 194 said:

So Sick,Tired and Angry with it all.The bottom line is these gobshytes should NEVER have been allowed to aquire Rovers.

Why,WHY dont they put the Club up for sale and we can ALL move on forwards?

Dragging the name of our great Club through the Mud,this is pure torture.

We all are.

Lets all get behind the latest uprising and finally drive them out.

Edited 2 hours ago by lraC

[Tomphil2]

Interesting stuff thanks for researching and sharing and for the blinkered deniers still evident in the fanbase it can all be fact checked.

The DE have the Vs by the balls on this make no mistake and it's odd they are so pissed off at seemingly a couple of mistakes over a decade ago which imo just goes to show they suspect other things have gone on but can't prove it.

One thing though puzzles me though, surely once they sent previous money and satisfied the conditions of proving what it's for and where its gone they'd then get that particular amounts bond money back/guarantees lifted ?

So they won't actually be so much out of pocket and free to satisfy the next allotted amounts ?

[funny-old-game]

2 hours ago, lraC said:

I don't know whether to laugh or cry at his bit :- engaged in recreation activity in the form of running a football club named Blackburn rovers.

Most people take up walking, swimming, golf ect, not turning a professionally run football club into a laughing stock basket case.

Get out of OUR Club!!!!!!!

[lraC]

13 minutes ago, Tomphil2 said:

Interesting stuff thanks for researching and sharing and for the blinkered deniers still evident in the fanbase it can all be fact checked.

The DE have the Vs by the balls on this make no mistake and it's odd they are so pissed off at seemingly a couple of mistakes over a decade ago which imo just goes to show they suspect other things have gone on but can't prove it.

One thing though puzzles me though, surely once they sent previous money and satisfied the conditions of proving what it's for and where its gone they'd then get that particular amounts bond money back/guarantees lifted ?

So they won't actually be so much out of pocket and free to satisfy the next allotted amounts ?

I don’t think it’s as clear cut as the funds sent post court hearings being proven to be legitimate, meaning a return of funds.

As mentioned by a recent post ED do not want them to be allowed to send money full stop.

By that hopefully they are not happy with funds being used and effectively flushed down the toilet, as it is mentioned that Rovers are loss making. 
Using the club as a way of reducing liabilities in their own country, may well not be allowable, who knows, or even the source of the funds could be under investigation. 

[Tomphil2]

Maybe they hold onto all the bonds/guarantees and properties until the whole investigation is cleared and closed.

In which case there is little to no chance of future funds.