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PLJPB

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Everything posted by PLJPB

  1. It certainly does. Another share issue of £5.334 million on 23rd January making a staggering total of £180 million spent by Venky's on their 'hobby'.
  2. For anyone interested, below are all the cash injections into Venky's London Limited made since it was set up as the parent company vehicle to purchase Blackburn Rovers Football Club. It starts with the initial £35.6m which off memory was £24m to pay to the Walker trust plus another £11m to cover the overdraft at the time and shows regular payments to keep the club afloat to a current grand total of £174.7m. My understanding is that all of this cash has subsequently been loaned from VLL to BRFC at a zero interest rate. £ Issue £ Cumulative
  3. Good point that I hadn't thought of. We would have to get a copy of the parent company accounts to be sure. I don't know whether they are publicly available. If you're correct then they would only suffer a loss if they sold the club for less than the £165m.
  4. It's just an accountant's way of saying that our genius owners have managed to blow £165 million on their venture into football club ownership!
  5. What I find interesting is putting £1.5m in now just one month after putting £6m in. Are they now working on a hand to mouth, month to month basis or is this a specific need for cash that wasn't forecast only one month ago?
  6. The cash has all been put into VLL as share capital. From the last VLL accounts there are no loans and the ultimate parent company is stated as Venkateshawri hatcheries Ltd which is the overall parent company. At the end of the day it's all the Rao's money but is channelled through their parent company.
  7. Another share injection to Venkys London was filed today at Companies House for £1.5m taking the total injected by the Raos to £165m. There was some disagreement earlier in the thread about how much they had put in - £250m? - but below is my calculation for my belief that it is now £165m. (Its still a hell of a lot of money whether its £250m or £165m! BRFC (the club) share capital before takeover was £134m (the total cash that Jack pumped in). This was after Jack converted all his loans to share capital. The initial investment by the Raos into Venkys London Ltd (VLL) in late 201
  8. 2017/8 season BRFC Ltd accounts now filed at Companies House. The league 1 promotion season came at a cost of a loss of £17 million in the accounts.
  9. New filing at Companies House today. Another £6.550 million cash injection into Venkys London Limited which will no doubt be loaned on to BRFC limited as previously. Total cash outlay by Venkys since day one now stands at just over £163 million with over £16 million being spent in the last 12 months.
  10. Last 3 seasons cash injections are: 2016/7 £ 8.6m 2017/8 £15.0m 2018/9 £ 9.6m Source:Companies House Venkys London Ltd Filings
  11. Latest Venkys cash input. £4,812,500 paid into Venkys London Limited by way of shares on 16th November which I would assume as previously will now be loaned to the Blackburn Rovers F.C. Could it be forward planning to enable the first installment on Ben Brereton's transfer or an indication of the size of the January transfer budget? Or could it just be to cover on-going losses? In any event its now cost the family a grant total of £157 million for their advertising vehicle/hobby/other purpose depending on your own opinions.
  12. Another injection of cash into Venkys London Limited as share capital according to Companies House. As with previous injections this will no doubt have been passed straight through to the football club as an interest free loan. This injection is £4.750m following injections of £3.625m in March and £4.700m in January. Total cash cost to the Raos since September 2017 is £13.075m. Total cash cost since day 1 is £152 million!
  13. We were talking as at June 2017 being the date of the latest BRFC filed accounts. But I would agree that the current share capital is £147m. However the aforementioned BRFC accounts show bank debt of £12m so unless you are aware of additional bank borrowings of around £90m being taken out in the last 9 months then I cannot go with your£250m figure. My guess would be that the bank borrowings will still be around £12m (the additional share capital having been pumped in to keep it at that level) and so current total investment will be around £147 + £12 = £159m.
  14. But they only paid £23 m for the £134 m share capital already in existence when they bought the club. Therefore your figure is £111 m too high.
  15. Could I ask where this £250m figure is coming from? The BRFC accounts to 30/6/17 show £94.8m owing to the Parent Company (Venkys London Limited). They also show £146.9m share capital. But £134m of this share capital was already in place before Venkys bought the club. Therefore I calculate their total investment to be £94.8 + 146.9 -134 = around £ 108m. The Venkys London Accounts show that at 30/6/17 the total share capital was £132m. I cannot find any evidence that the Raos have put any money directly into BRFC - it has all gone through VLL therefore their maximum investment must be
  16. 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.
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