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.

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.

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 the £132m VLL share capital. I'm not sure what the difference between the 108 and the 132 is but maybe its the £23m they actually paid for the club. In summary, my understanding of the published accounts is that all the funding for BRFC has gone via Venkys London Limited and since at 30/6/17 it had £132m share capital, this £132m is the maximum they had put in at that date.

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.