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Posted
  On 03/04/2025 at 17:30, ... said:

This was something I thought about the other day are we championship bound or lower because of that premier league spotlight that draws attention?

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Lower can't justify the loss ...championship is sweet spot.

  • Like 1
Posted
  On 03/04/2025 at 15:22, Tomphil2 said:

Iv'e long suspected a mill or two goes through the tube elsewhere every year, though not illegally there'll be loopholes and ways and means to filter a bit out.

No one is telling me English football doesn't have a Non Bio element the UK is the money laundering capital of Europe and as long as it isn't drug or terror related a lot will slip through loopholes via City of London, mainly tax avoidance stuff.

However even if a decade of bleeding has been going on there has to be an upper limit to it the SBI and co won't just keep extending facilities when very little flows back.

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its a solid blanket facility ...not a growing one ...i believe its nearly milked dry with all repeated losses over the year... hence the training ground and sales of assets not reinvested. 

No jurno asking the million dollar question .... "Who does the funds invested into BRFC belongs too ? If the funds are venky's GOOD,CLEAN AND CLEAR , why does judiciary refuse you to send your GOOD,CLEAN and CLEAR funds to your business without a pound for pound guarantee as collateral to the HC" 

then you ask EFL, how they cleared fit & proper test

Posted

I'd say having to pay their govt a 20% levy on foreign money transfer is the biggest issue.

It's ok Waggot saying whilst there is money coming in from transfers they don't need to send any but that is the real issue they should still be underwriting the bills and allowing a large chunk of transfer income for re-investment whilst we have the chance.

There is always an obstacle to that though it seems, that money should be going into the next AA, the next Sammy, the next Dack but it isn't it's paying bills and being spaffed on wages for likes of Dennis, Sanderson, Forshaw and numerous loans.

We'll never go forwards until that kind of investment is made, speculate to accumulate.

  • Like 2
Posted
  On 03/04/2025 at 10:23, den said:

Amateurs 

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This is what it all comes back to.

We've employed amateurs and we're being run by amateurs.
The outcome is inevitable.

I didn't expect much from Gestede to start with, but listening to his podcast interview with the LET reporter (who I thought asked some good questions, in fairness), it left me gobsmacked at how poor his responses were and how he came across.

Just imagine what we could do with a senior management team who a) knew what they were doing and b) cared more about the club than their own salary/pension/career prospects.

  • Like 4
Posted
  On 03/04/2025 at 09:56, Tom said:

I loved Rory’s video, i was tempted to go back to twitter just to tell him as much but im not doing that.

I love how intentional or not it invoked the tone of the Jack Walker poem ‘it’s not about x, it’s about y’ 

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I’ve kept him appraised & chastised him for not saving it for our next podcast episode 😆

Posted
  On 03/04/2025 at 12:57, Paul Mellelieu said:

I think the legacy fan comment, if true, is something I can't past.  You can see me in my picture, proud as hell, sporting the blue and white halves.  I've been attending EP (with some breaks) since around 1970 when I was seven years old.  I gave up this year I'm afraid, being so distraught about how the club is run.

Maybe a BRFCS "legacy fan" t-shirt would be seller.

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Always looking for design suggestions for the new season…👍

Posted
  On 03/04/2025 at 05:03, RevidgeBlue said:

Gestede should have been pulled up on his comment that once Eustace decided he'd like to speak to Derby, there was "nothing we could do". Should have been asked to specify if we made any attempt at all to keep him by offering him a new deal or agreeing to address his concerns on players contracts.

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Gestede was asked by Elliott Jackson about this and Gestede said nothing like that was discussed if my memory serves me right

Posted

Gestede said that it wasn't discussed to his knowledge, or that he wasn't party to that discussion.

Whilst it's clear that Eustace wasn't interested in staying whatsoever, it's also clear that the club 'had him in the departure lounge' as soon as he showed interest in speaking with Derby.

Look how it's panned out.

  • Like 1
Posted
  On 03/04/2025 at 17:50, SuperBrfc said:

The trio did a second interview with Andy Bayes. It was over an hour long and Bayes did a better job with his line of questioning than Neil Yardley, IMO. He pressed them a few times on certain matters and asked direct questions on behalf of the fans. At a couple of stages, Bayes became frustrated with some of the responses.

I don't know if you have seen this interview, but the link is below:

https://www.bbc.co.uk/programmes/p0l1r3yl

At around 14:40 above, Pasha says there are no restrictions on funds being sent from India, the owners can send as much as they wish. To which Andy Bayes replies "I think supporters will find that hard to believe having seen the Adam Wharton money come in and one twentieth of that fee being spent". Have a listen up until the 16 min mark. During which Pasha again says there is no restriction on funding from India.

However, the key point starts at 18:40. Bayes ask him to make it crystal clear that every time the Court case is adjourned in India it has no impact whatsoever on the money coming into Blackburn from India. He clarifies there is no impact at all, but importantly at 19:15 he says "there is some restriction currently, in terms of the owners have to give a guarantee for every pound they give us, but we're trying to work on this and see what we can do". He goes on to say that the club has received around £18m from the owners over the past two years which has been backed by a pound guarantee.

It feels to me as though they don't want to send funds, whilst that guarantee stipulation remains. I know the argument has been going back and forth on here, but if they still have to obtain a No Objection Certificate and back every pound sent with a guarantee, then aren't those two factors impediments? I don't think we can say they can send without restriction, but that's just my reading of it.

 

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In a nutshell that's it. They can't send whatever they want as they did previously.

As @JHRover said previously, there's a difference between being allowed to send over moneys to cover running costs and being allowed to send over millions for 'investment'. That's how their initial request to send over £18 million got whittled down to £3.5 million. When they were allowed to send over the ~£11 million they had to provide a breakdown of where that money was going. As @miqaayil has said, the investigation was brought about by suspected misuse of funds and these restrictions are a part of that.

It's going to be interesting to see what happens when the transfer money runs out. We must keep up the pressure and keep venkys in the media spotlight.

The pressure reached a point where they sold the house, there's going to be a breaking point whereby the have to sell the club. We need to force this situation ourselves as nobody else is going to.

  • Like 4

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