2 hours ago, PLJPB said:

Another £3.625m pumped in by Venkys on 21st March per companies house.

That's a total of almost £21m in the last 12 months!

 

Total Venkys London share capital now stands at £147m - a very costly venture for the Raos.

You say the money has been 'pumped in' but what has actually happened is that they have issued new shares to the value of £3.625m

I don't understand how these things work but by issuing shares does that mean they can always get this money back by selling the shares or taking dividends. It's not like a free gift and their money has gone forever.

Presumably, as long as the total assets of the club are over £147m ( Ewood, Brockhall, players ) the money is just an investment and could, in theory,  be retrieved by selling assets.

Where do the Bank of India come into it - is the debt to them completely unrelated to any share issues ?

I've never understood it. Are they currently being totally benevolent or are they just moving money around?

1 minute ago, dallydally said:

He had surgery abroad last year hence my concern

Ah! that is bad news. Poor lad.

11 hours ago, dallydally said:

Devastating news. May well be the end of his football career

I guess it depends if he has already had surgery to fix the problem.

If he hasn't then that would be the next step. It would mean a long recovery process but I think it is a generally successful procedure these days.

Wish him all the best and hope we see him in Blue and White next year.

Dead can Dance - In the Kingdom of the Blind the One-Eyed Are Kings

Wayne (Jayne) County and the electric chairs - Thunder when she walks

8 hours ago, OJRovers said:

 

Duplication of pages 34 and 35 on the co house document, attention to detail! 

Also page 35, section 28. A reference to MRS Balaji Rao!!

That's what he's been spending all his money on.

2 minutes ago, TBTF said:

You would hate to think the group they were advising on Rovers have given up and turned their attention to The Lashers.Probably will be free of debt and with Oyston out the way could run it how they think it should be run. unlike these morons running our gaff- Cheston , Pasha ffs.

i don’t think I could stand it if they did buy it and it became everything we dreamed of in terms of running it successfully and we are still stuck with Barry Bling and the Pluckers

Exactly what I was thinking. I thought both Ians were big Rovers fans. I am sure Battersby is.

But if they just fancy owning a football club then Blackpool are probably a better proposition as they would start debt free and a probably a have a wealthy and willing partner in Belokon.  Why go for Rovers with the a massive debt hanging over the club. That's even if they had the option

Ian Currie must have given up hope of Venky's selling  

https://www.blackpoolgazette.co.uk/news/business/millionaire-businessman-admits-interest-in-blackpool-fc-1-8870000

20 hours ago, sympatheticclaret said:

Is " Bob " still around ?? That forecast is spookily accurate !!

Bob Coar ?

I see 'Venky's India' shares had a pretty good day today. Up by more than 5% since yesterday if I'm reading it right.

Have they issued some news of some sort ? 

OMG Give me strength

From an extremely reliable source.

There was a meeting down at the academy today with some of the staff to let them know they need to cut costs by £350,000 per annum starting from this season.

I suppose it was inevitable at some point but still another kick in the teeth to Jack's legacy.

Sounds like a large proportion of the budget at that level. What would Jack think!

Another nail in the coffin. Can't take this lying down