Thanks, You usually have the answers. Is it possible that to declare the funds as shareholder loans they have to state in the accounts that they want to get the money back - otherwise it would be just making use of better tax terms ie false accounting - surely they would never do that !!!

OK, fair enough in that respect - I know you have a better knowledge of all this than I do, but declaring shareholder loans rather than equity investment is really just for the tax advantages I would guess?. In reality I don't think the owners are expecting this money back or treating it as a debt. It's just money that was needed for running costs.. The club has no loan repayment plans as far as I know.

I am not debating the fact that Venky's fund the club and it has cost them a fortune but the accounts don't mention anything about debt. Just profit and loss.

Are you referring to the share allotments? There is no loan agreement saying anything needs to be paid back

The club has no debt to the owners. The only money the club needs to pay to the owners ( via a subsidiary) is rent on the training ground. The money they have spent over the last 15 years are simply running costs, not investments.

Good business for Venky's - money straight into their pockets. Good business for Pasha, Gestede and Owen - bonuses on the way. Good business for the team ? - Absolutely not

Why you deleted that I don't know. The most incisive post on here for a long time.

Exactly, Venky's continued ownership makes no sense whatsoever on the face of it. The fact that an (ex)Kentaro employee is running the club is suspicious enough in itself. With all the hassle of the court cases and seized assets in India why wouldn't they sell ? There are a number of people coming to the same conclusions.

I acknowledge that the owners are negligent. They let agents run the club for them.

I think so. Gestede's last playing stint was for Steve Kean in Australia. Adam Owen is very much involved in the cost cutting and his last job was with Steve Kean at Hibs. Pasha worked for Kentaro/SEM who installed Kean in the first place. I am convinced the same network of agents are still running the club. Pasha, Owen, Gestede are all there to save money for Venky's and make money for agents. Don't ask me what Venky's get out of it, it's a mystery. How did Gestede turn up from nowhere and suddenly get to be the main man ?

If the owners took an interest, invested in new players when the FFP position was/is favourable ( last season / now ), when the chance of the playoffs was there ( January ) and actually showed some ambition then the fans would come back, turnover increase. We could get promoted and that would pay the wages. It's not going to happen but you asked for an answer. How do other clubs pay wages without selling all their best players ? Answers on a postcard.

Exactly. The lack of contract negotiations is a conscious decision to make other clubs aware that players are available. Anyone worth a bob or two is being put in the situation where they are effectively being encouraged to look elsewhere. It's the current model - sell and replace with cheaper options. The only remit Pasha has these days is to save Venky's money.

Makes no difference. If we get money for a player it just means Venky's send less money for the gas bills. I'd rather keep him for a year and force Venky's to get their wallet out.

Nothing against the colour as such but probably a standard Macron shirt colour and somebody has come up with a dubious link to the town crest which nobody would have spotted if they hadn't mentioned it. Nothing 150ish about it. And a white rose !! Very forgettable shirt

I am actually amazed that ticket sales are so high after 15 years of occupation.

I notice that another affidavit was submitted on Thursday and some 'documents' submitted on Friday. So it is not following the usual or expected pattern. Maybe the first affidavit was not accepted ? No official news from the club or evidence on companies house that funds have been received as recently. A job for @wilsdenrover to investigate ?

Can we be certain that the affidavit is related to a payment ? Nothing showing on companies house regarding a new share allotment. There are other affidavits listed against the case which don't coincide with payments and some that do.

I don't think they will sack him either but I know he really flaps under pressure and hates publicity. He may decide he's had enough if he gest plenty of flak publicly.

Totally different situation. Waggott was due to go soon and had very little recent contact with the owners and very little influence over the past 12 months or so. I think Venky's lost faith in him a while ago. Pasha is the one who feeds all the false positives back to India. They rely on him totally. He is the one who is driving the cost cutting, aiming to sell any asset worth a few bob and telling the owners all will be well. They will not sack Pasha but he hates any public exposure. If we can keep up the pressure on him personally to a point where he decides he has had enough and he resigns, it could mean Venky's would have to become more directly involved and possibly make them realise what a shit show it really is. They may not care too much, but getting rid of Pasha would cause far more problems for them than getting rid of Waggott.

Venky's wont care, They will take anyone's filthy lucre if saves them sending funds over.

The current state of affairs is that Venky's are not sending any money. If they do decide to send more money, the more it will cost them in bonds that they may never get back. Venky's will be getting to the point where they desperately want a conclusion to the investigation or they will be forced into a corner. The last thing they want is for the current situation to drag on..

We have billionaire owners and massive FFP leeway. Why aren't we pay millions of pounds and guarantee quality? Venky's out. Not a dig at you M_B because we have nearly all been battered into submission by 15 years of occupation.

The ED investigation will be concerned with all Venky's activities of which Rovers are a part. Rovers get mentioned regularly in the court cases. Even if the initial trigger for the investigation was not Rovers related, they still need to go to court every time they need to fund the club. See below from last week's case. 26.05.2025 O R D E R 1. The present application has been filed by the petitioner seeking that the petitioner be allowed to remit a sum of GBP 4,850,000 to its wholly owned subsidiary, namely Venky’s London Limited, situated in London, United Kingdom. CM APPL.23948/2025 (for directions) 2. It is submitted that the petitioner has received a communication dated 26.03.2025 from the Chief Financial Officer of Blackburn Rovers Football Club, which is owned by the abovementioned wholly owned subsidiary of the petitioner.

Whether they intended it or not, we have comparatively few assets left in the playing squad. The club no longer owns the training ground - another asset we will never get back. They have also stripped the club of half it's supporters, a lot of it's respect and all it's credibility.

Fashionably late. The party hasn't even started