sympatheticclaret

The debt is the amount that Venkys London Ltd " owe " the Parent Company based in India, due to their " investment " or purchase of Shares.... hence the debt showing as " Called up Share Capital " .... this in addition to any Bank debt, Loans, etc in the Accounts... Like Bolton's debt funded by Eddie Davis, and Wigan's funded by Dave Whelan, it isn't a big problem if the Venkys don't want it back and and are prepared to invest more. Once the funding tap is turned off, as Davis did, then problems mount up very quickly....

The debt is going up because Venkys are issuing more shares in Venkys London Limited , and buying them through their associated Indian Registered Company, Venkateshwera Hatcheries Pvt Ltd . The money raised from share issues is going to support the everyday running of the Football Club, and shows in the accounts as " Called up Share Capital ". It's highly improbable that the Bank of India would invest in Venkys London Ltd on their own account... I suspect Venkys have invested somewhere north of £130m in Blackburn Rovers, in the years since they took control ....

No, just paying the wages and keeping the Gas and Electric on ... IMHO.... Venkys would need to agree to £60m over the next 12 months ( Transfer Budget & Wages ) to give you half a chance of a Play-Off spot, given the Clubs joining from relegation and the Clubs already there ...

https://beta.companieshouse.gov.uk/company/07406020/filing-history

But they've put in over £20.5m in the last 14 months .....

No, my friend.....anyway, they're at the Central Library not the Town Hall !! I see you're not arguing with the figures though ? An effective subsidy to cover operating losses of £ 400, 000 p.w. on conservative estimates...

" Venky's already picking up £ 2m deficit as a L1 club.. " I think you mean £ 20, 772, 156 , which is what they've issued by way of further shares in the 14 months since January 2017 ...

You think you've got problems with Tim Farron.....we've got Alastair Campbell, Bliar's apologist Press Secretary... The questions could've been rather more entertaining if he'd specified " Blackburn Rovers 2010-17 " as his subject, and would've brought the Venky's tenure into focus on prime-time Television....

Despite the dog's abuse I took from roughly 1986 - 2012 ( ish ), from my Blue's supporting mates, the grown-up in me would prefer to see you lot get your Club back from these Clowns, have Rovers back in local hands and fighting back !! Burnley are incredibly fortunate to have the Board that we have, and financially, our recent success on the field could not have been better timed... I've actually chipped in a couple of times to your various " fighting funds " ....I can't believe I'm actually admitting that, especially to someone with your User-name SG194 !

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

I must correct you, Burnley have reached the quarter final twice in your lifetime ( 1982-83 & 2002-03 ) and the semi final once ( 1973-74 ,when we actually finished 3rd in the Cup, as there was a 3/4th place play off game that season ).. To cheer you up, we are though the only top-flight Club to lose twice at home to non-league opposition in the FA Cup, Lincoln last season and Wimbledon in 1974-75 ....