11 hours ago, Rogerb said:

There is nothing to stop the Raos going back to the court later in the year once they have burned through the majority of Adam's money.

Let’s hope the judge sees what’s going on and tells them that no further funding will be allowed per se.

If they are still being investigated and the illegal payments are proved, then maybe it will be ruled that they cannot be trusted. 

I have to say there are some really good posts on the last couple of pages. Whichever side of the camp you are on, all well made and thought provoking.

21 hours ago, Rogerb said:

Do not be surprised if the Raos withdraw their application for the court hearing in march .There is now the Adam money on dripfeed in stages presumably. They will use this to fund the club for the time being why would they go to the court to send funds over when they have to pay the DE a similar amount to whatever the court approves.

I do think they have a major problem if they do that, especially if that means that no further funds will be forthcoming.

Each year, a statement is made on the accounts, whereby, it is acknowledged that the business is trading as insolvent, but the accounts are signed off, due to the guarantees of the funding being forthcoming from the owners.

Once this is no longer the case, the business is then insolvent.

40 minutes ago, phili said:

Hearing on permission to send funds and to go through what the funds will be used for.

Exactly what I thought.

Thanks for clarifying.

11 minutes ago, Herbie6590 said:

12th March is now the key court date

That’s correct. Is it a hearing about the funds as I think, or about the investigation into VH? 

1 minute ago, wilsdenrover said:

Amended my original post as it was a vigilance (not compliance) meeting.

Ive no idea what one of those is!!

Me neither, but it seems to have stopped the hearing about the release of funds, whatever it was. 

1 minute ago, wilsdenrover said:

Sounds right to me.

The case at the end of Janauary (to get permission to send more funds) was adjourned due to (if I remember correctly) a compliance meeting.

Exactly what I thought too.

24 minutes ago, 1864roverite said:

Irac the dates were put back in relation to the investigation NOT release of funding to BRFC.

I stand to be corrected if that's the case, but from what I understood, the owners have to go to court every 3 months to get permission to send funds over to the club. The last one was done in November, just before my meeting with Steve Waggott, who was at pains to tell me that he had to provide a full breakdown of exactly what the funds were being used for.

He also went on to tell me that the funds would be sufficient to keep everything paid until February, by which time another hearing would have taken place and he was expecting the green light would be given for more funds to be released.

This hearing was adjourned though and therefore no funding has been sent in February.

Perhaps others can confirm if this is correct or not, but that is my understanding of it.

One thing I will add to my suggestion that the court will not give permission to release the funds. If Waggott or the owners were sure they would, why when we have just broken our outgoing transfer record, are there no funds available?

I suspect that Waggott already either knows, or strongly suspects that there are no funds coming.

21 minutes ago, J*B said:

The case could be ongoing without conclusion for an undefined period of time and will be heard on the Indian courts timescales as evidenced by the Jan push back. 

Exactly so how does that leave the club if they rule that no funds are to be released until it reaches a conclusion.

4 hours ago, philipl said:

Just seen that Waggott is reliably reported to have delayed the Adam Wharton paperwork to beyond the deadline leading to Palace being horrified by our unprofessionalism.

Doesn't exempt Venkys from criticism but Swag has exploited their hands off style to his advantage.

The Wharton paperwork story points to Waggott being the villain in screwing up McGuire and probably the two failed transfers last January in a failed attempt to get Broughton out and giving Waggott sole control over everything.

 

If the Wharton deal failed, fans are delighted to have Adam back, Venkys still pump the cash in in March.

Fan protests would be muted, Broughton certainly goes as the fall guy and Swag rules.

I have serious reservations about the funds being released in March.

When I had my meeting with Waggott in November, he was cock sure that a precedent had been set and for that reason, was almost guaranteeing the funds will be in the bank in February. Well they aren't and although the adjournment may well be due to court pressures, I have this sneaky feeling that the ED investigations, are more serious than some people are making out.

Before the season started, it seems to have been dressed up as Indian tax changes, but not that looks like a cover up, as admitting there were being investigated would not have come out, had it not been spotted by an eagle eyed fan.

The bit at the end is obviously about JDT going. He was not in the meeting and as the LT have already said, they don’t expect him to be the manager for the next match.

Josh has kept schtum as requested, but was good enough to mention a bit was kept secret.

Im as sure as I can be that’s correct. 

21 minutes ago, Herbie6590 said:

Re the filming…that’s CCTV at the venue. One imagines disciplinary action will take place regarding the member of their staff that leaked it.

BRFCS was invited (at relatively short notice) & @J*B attended on our behalf. Josh has reiterated on X that the thread from @glen9mullan covers the main areas of discussion. 
 

@RoversTrust have also promised output following the meeting. As to who was invited & by whom I have no further information I can share. 

I think Duncan went and will no doubt post too. 

Yeah just heard this too. I feel sorry for him 

4 hours ago, Craigman said:

https://find-and-update.company-information.service.gov.uk/company/OE015675/persons-with-significant-contro

 

Set up in January 2023, what is this about?

Correct and already in trouble for not filing their accounts in time.

Anti Money Laundering Number: XQML00000117562 Name Of Person With Overall Responsibility: KEVIN GUY Supervisory Body: H M REVENUE & CUSTOMS Agent's Name: ZEDRA CORPORATE SOLUTIONS UK LIMITED Agent's Address: BOOTHS HALL BOOTHS PARK 3 CHELFORD ROAD KNUTSFORD CHESHIRE England WA16 8GS

13 minutes ago, JHRover said:

My guess as to the answers to your questions

1) It was Gregg who appointed JDT and probably made promises to him when doing so. Nominally Gregg is the boss when it comes to recruitment and signings. So I expect in the early days JDT assumed, like most people would, that Gregg was in control of this and that when things went right or wrong he was responsible for it.

I think JDT has learned over the last 12 months that actually Gregg is another who has been played like a fiddle and made into a scapegoat when the problems lie much higher up the chain, and I suspect JDT even has some sympathy for Gregg, and is doing his best to turn the focus onto the real problem here, and the chuckle brothers who occupy the directors box.

2) I believe that Mowbray had a 'personal' link to the owners due to his trips to India and that as a result of this he essentially had his own power base and authority to do certain things, within reasonable limits. I suspect this is the reason why Mowbray had more freedom, he was effectively unsackable whilst under contract and he was able to go out into the market and recruit under his own steam (e.g. Hedges). The shift to the D of F structure has severed any link between India and the team management and instead left the shadow man as the only direct link to India. As such the only way anything happens is through him and when India approve it.

One other important factor here too, Steve and Tony are pals.

4 hours ago, NeilInBristol said:

Any update on Duncan McGuire???

Rest assured, if it was good news, we would have known.

The might try to bury it, under some other news, such as Greg has walked or Steve has been recruited by Tesco Burnley branch.

35 minutes ago, Rover80 said:

Exactly, with those sort of figures it will highlight the mis-management and financial mess that has been created through lack of interest, neglect and letting players walk out of the door for nothing. 

 

I also made this, twat that he is. 

 

There is a fair chance he will point out that he thought we were signing Madonna, who is till very much alive and could provide the half time entertainment.

Speaking of which, whose was at fault for the failed Elton John concert? Did we make a mess of that paperwork too?

Funny how there were no issues sorting the sale of Wharton out. We could have done with his transfer away being messed then we could have kept him for the remainder of the season at least.

The conspiracy theory may just be that, just like an error on the funds they sent, which we supposed to be for the club, but were accidentally used to buy a house and fund a pop star. 

I firmly believe that the next court hearing on 12/03/24 will be pivotal.

In the event of funds not being released at that point, I have a feeling that the accountants will have a severe problem signing the accounts off.

As we have seen with the last few years accounts, the business is trading in an insolvent manner without the owners pumping the funds in and a statement to that effect is made each years.

Perhaps asking the accountants as a concerned fan and wording it in a general way to avoid any date protection breaches, would be an idea. Have this information to hand in advance of the court hearing then they can't come out and say we can manage without the funding, if the court do refuse it.

1 hour ago, Galgaterover10 said:

I think it sums up the state of the boardroom and clowns running the show that they haven’t sacked JDT. I can’t think of another club in the league that wouldn’t change manager with the run we are on and the performance on the pitch. I looked last night and we are the only team in the bottom half who haven’t changed manager. I agree with everyone that the issues are wider spread than the manager but the fact they haven’t made a move just to try and keep us up this year sums up how they run this club 

They have probably tried a few times, but got the paperwork wrong. 
They have asked permission to approach Ewood Day nursery to see if any of their under fives are free to help with it tomorrow.