8 hours ago, lraC said:

Between you and me, we don’t have any big money to throw at him. 

He'll be a victim of the summer cull and for those who always have it in for him i think they'll be disappointed when an academy lad replaces him.

19 minutes ago, Ghost7 said:

 

Nah Dolan is all hot air. Rarely hits a ball cleanly (passing, link up play or shots). Turns into trouble. Most things he does seem hopeful and fairly tamely executed. Lacks conviction and is a bit of liability on the ball for me. Sadly due to a lack of investment we still need him and he does put a shift in but I wouldn't touch him on a "big" contract.

I rate Hedges at this level. He has a presence, can move with the ball, make a bit of time for himself and strike it fairly cleanly. It's a shame he's been out so much.

Dolan I still think could fall off to a lower league one day. Suspect he will.

We've been through this with Dolan many times over and he keeps getting written off but bounces back however that usually comes after a spell out either injured or dropped.

We do though miss him when he is out for a spell although that is more to do with how weak the squad is than the actual player himself sometimes. That squad weakness though means he and some others can't be managed properly and withdrawn/rotated when they are poor.

I'd keep him on an average contract but certainly wouldn't be throwing big money and 4 years at him.

Hedges would have been a top player if he could ever maintain any form but it's always very up and down with him.

Mind you Dolan is the same and a lot of the others that's why they are where they are.

3 hours ago, roversinmyblood said:

Is it beyond a possibility that Venkies may sell a controlling interest in Rovers using the excuse that the Indian govt are blocking funding. They will still have a degree of ownership and hence save face a bit like the Glaziers at Utd. 

Can't see them ever doing that.

I think readings owner transferred the ground to another of his companies as well.

That guy makes Venkys look sane.

14 minutes ago, miqaayil said:

If it's secured and underpinned , the judge won't order you to put an equivalent deposit before sending over. 

 

The loss itself is questionable and nothing has been paid back as SBI has not called it.So from my study of situation Venkys have never funded us and never will and the assets of Rovers is being stripped. 

 

The local residents need to pressure the MP for loss of revenue due to mismanagement of club and mention in parliament the mismanagement by an INDIAN business , this will hit home harder under current political climate (don't want to explain) 

The reason they are asking for a bond of equal amount is to ensure the money sent here is used specifically for the items it is requested for to run the football club.

If it isn't and they don't provide proof the bond will be non returnable so it's nowt to do with the VG group bank account or borrowings i assume.

Somewhere at the heart of all this the authorities over there obviously suspect some money has been going elsewhere which is something iv'e long suspected and banged on about. That's why i'm surprised they haven't tried to get an investigation over here but i also assume if anything has been going on the track are will covered.

Personally i'd be forensically dissecting the payroll and the agents fees of the last decade !

Can we please actually try and beat Sheff Weds and not wax on about how good a team they are i thought we'd left that negative speak every week behind when Mowbray left.

One of the most positive things about JDT was he didn't big up crap opposition routinely.

1 minute ago, miqaayil said:

No on this i disagree ...they are spending SBI's money not their own on a misrun failing business ..Why would the indian government step in ? They smell something rotten and V's might be backers of the opposing regime. They are on course to liquidation unless a miracle happens

The SBI debt will be secured and under pinned by Venky assets/land in India so they'll be risking that being seized if they default.

The way it seems structured is the VH group bank account pays Rovers losses from its vast turnover and as for the Indian govt they've already stepped in obviously and i'm talking about how it'll be portrayed in the media and by some of our delusional fans in order to defend Venkys.

That's a decent point in isolation, well earned.

11 hours ago, Ewood Ace said:

If you think I don't criticise The owners or CEO then you are very much mistaken. None of those are signing the players though, we are in a relegation fight and had a paltry budget in January I just think that if Broughton was going to spend money on a player it would have been useful to spend it on someone who can play a big part in that fight against relegation.

Broughton is a symptom of the owners and like many of those employed before him (and the current CEO) is a chancer who is massively out of his depth.

Broughton signed Ennis on a 4 year contract, a player the previous manager didn't appear to want to use.

Broughton signed Telalovic on a long contract for a few hundred grand, see above.

Broughton signed Leo who has single handily cost us about 6 points there can be no denying that.

Broughton signed a known crock on 10/20k a week until the end of the season  who got crocked after 15 mins predictably.

These are the things he is judged on, Sammie. Hyam, Brittain all already lined up before he came but even so paying a few quid and decent wages to guys with a bit of pedigree is less of a lottery.

GB was broughton in to source and sign young cheap talent to develop and sell for a profit, he is falling massively on that front. Another 4 in summer to add to the 4 mentioned  and likely replacing departures..... dear me are you confident ?

Because i'm not.

15 hours ago, miqaayil said:

I'm sorry guys ...i don't see us being sold unless someone with serious financial and political clout steps in and make them an offer through political channels which they can't refuse for the sake of the parent company. 

If i was in their shoes the only exit i see is liquidation .. not even Administration as both administration and sale will open the books over 10 years minimum. For that the EFL needs to step in , who's fit and proper test these guys cleared. Its a total mess which is why i'm still praying for a sovereign wealth fund like the BAHRAINI or Brunei or some royalty to get interested in us for their public image 

I've already called it they are gradually and tactically withdrawing.

All blame will go onto the Indian govt when we go down skint and having sold everyone and everything, this season or next. Then a few years in league 1 'poor old Blackburn the owners want to fund the club to the Prem but aren't allowed'  then we get forgotten about.

Sit in the corner of their portfolio now costing less than 10 mill a year including levies, fixed assets off the books then punted to one of Balaji's son's mates in 2028.

Indian govt is the new FFP.

1 hour ago, 1864roverite said:

What is the difference in funding Rovers from India whilst funding and having large business interests in the USA and Europe?

Strikingly obvious is the fact they don't need 15/20 million per year EVERY year.

Also there'll be evidence of those businesses generating returns or growing their base due to investment and that's something that cannot be said of funding this football club.

I'd say it's the eye watering amounts and the continued need for them that has caught the govts attention.

4 hours ago, Upside Down said:

They had to provide that breakdown before sending the money.

Again £1.8 million was allocated to "agent fees"

That's before then there is after i.e the Indian govt will want proof the money was used for what it was allocated for and nothing else.

That's the centre of this whole issue.

Then surely once that is confirmed as legit and signed off then the 11 million equivalent should be released back to Vs or obviously held if the same amount is allowed to be sent again.  It can't be as if they have to keep giving the govt equal amounts as security and they just keep hold of it as has been mentioned.

I've never bought the pride line as the primary driving force as to why they carry on owning Rovers although i do get the 'look at us we are so wealthy we can chuck 20 million a year away on a whim' vibe.

Even that is out the window now though there is no pride to be had owning a struggling club that has now exposed some dodgy dealings. And whatever happens in court - who'd be surprised if it's pushed back again - the whole 15/20 million a year is gone for good even if they got approval they'd be paying 20% in tax instead of avoiding it.

Games up, for them and us.

Some might say they are very slowly tactically withdrawing bit by bit.

43 minutes ago, Upside Down said:

They had to give a detailed breakdown of what the funds were spent on. 1.8 million was for agents fees.

So once they've provided a breakdown and receipts that the money has all been used as intended they they should get their other 11 million back.

Maybe that's where the issues with this latest postponement lie.

Surely once they sent 11 mill 6 months ago or whatever and 11 mill has gone into a govt holding account then once you have proved where those funds have gone in the last 6 months the bond is then released.

They wouldn't send their lawyers into court armed with a pile of documents for what was just down as a box ticking exercise and risk the adjournment if they were so concerned about the club going bust.

Seems to me they are very relaxed and probably under assurance from Waggot that there'll be enough in the pot and he'll rake some more in in summer and ensure further budget cuts to see us through.

Nice wage justifying bonuses earning work there by their CEO !

Where that leaves the team/squad/club i doubt even enters the equation as long as the lights are still on.

1 hour ago, miqaayil said:

Guys this is not about funds leaving india... their instruments are from SBI , State Bank of INDIA and constant Loss in investment which affects the bank and economy. So the gov is suspecting some kind of funneling which is why they ask to put equivalent amount in pledge before sending out more of SBI monies, which they won't ...i'm not a financial forensics expert but from what i understand this is in nutshell , The gov is worried SBI will write it off as bad debt... and they afraid to open books in UK incase of a sale which they must.

 

This is my only logical explanation after years of observing this , which explains why they brought their audit guy from HQ. Someone will be the fall guy...i'm only wondering who

I've been saying for years they funnel a bit of money out of the parent company every year using Rovers.

All i got was don't be stupid why would they rob themselves !

The lack of understanding of how these things can work via loopholes is frustrating to those who know it can and it can all be above board when facilitated by expert accountants.

Morally and tax wise it ain't exactly throwing straight dice though.

26 minutes ago, simongarnerisgod said:

if we don`t go down this season then we certainly will the next,embarrasingly so as well,id`e say our future is`nt very rosy

Hence why they were in a rush to secure draw master Eustace.

They and JDT knew exactly what has been coming hurtling down the tracks.

Why can't they flog the Neville mansion over here and give that money to the club ?

Seems pretty logical seeing as that was the straw that broke the camels back so might as well put it to use and it shouldn't be a problem seeing as the Indian govt has seized property over there to cover it.

31 minutes ago, Dreams of 1995 said:

Would Venkys be able to sell the Club whilst the investigation is still live?

I'm pretty sure they could as it seems to be the movement of funds from VH group to VHL that was supposed to fund the club but was used to buy personal property etc.

So the club itself not involved but i'm still amazed nobody wants to go through the VHL to BRFC transactions with a fine tooth comb but presumably that would be one for British authorities to take up.

33 minutes ago, joey_big_nose said:

I think there must be enough leverage now to make them sell. Its not sustainable. We need a combination of 

1. A credible buyer

2. Pressure from a UK authority to sell (hopefully the new regulator).

3. Fan alignment that they want the sale also

Reckon theres a way forward for for 2. and 3. - the issue is the buyer. Is there anyone out there? Could a fan consortium do it? How have other clubs in similar situations made it work?

Nobody in any official capacity cares though that's why the Govt simply has to be involved in this stuff as they've been posturing to do for decades.

Reading and Sheff Weds dragged through the mire recently and nothing is done.

Problem as i see it is the Indian nationalist got are fed up of vast amounts leaving their land whereas here in England this so called bastion of everything moral successive govts are quite happy to see billions in overseas money funnelled over here however it arrives.

Unless there is a direct link to terrorism/drugs etc then they couldn't care less.

Slash and burn for league 1 now 100% guaranteed.

Giving benefit of doubt maybe they are preparing one final big case to say look let us fund it as normal without having to apply to the court every few months.  That however doesn't help the club in the short term but they know they've got some transfer income and have more assets to cash.

Either way we are screwed as anything other than a club clinging on for survival now and it's ALL down to this corrupt ownership, nothing else.

Waggot will be along soon to say owners committed no plans to sell expect everything sorted in August.

Whilst on the subject does no one think the training ground sale will come back and bite us on the arse at some point ?

Seeing as it was valued at probably 3 times it's real value or is that why they only appear to have actually paid half the money into the club for it ?