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The Summer Transfer Window (Press Submit)


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  On 09/07/2024 at 11:38, Forever Blue said:

Rovers have said the opposite. There is nothing stopping Venkys funding us, they just aren’t prepared to pay the bond that would need paying to send the money over(according to Jackson)

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Waggott is being purposefully misleading. Jackson has swallowed it. 

Edited by Crimpshrine
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  On 09/07/2024 at 12:02, Crimpshrine said:

My understanding is quite the opposite.

The August date is simply a request by Venky's to be able to send funds out of India while under embargo.

The Embargo is in place largely because of the Alexander house purchase but that issue is ongoing along with other issues being investigated

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That's my interpretation too. 

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  On 09/07/2024 at 12:39, BankEnd Rover said:

Topi Keskinen is a name which has cropped up - Links saying he has a club interested in him from England, then a non existant account has mentioned us - Most probably bull as it would cost us money but its something to hang onto (maybe)

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Think it's pretty clear it won't be us.

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  On 09/07/2024 at 12:48, rob_of_the_rovers said:

What happens to these bonds that they have to pay to send money over? Do they get those back at some point and under what conditions? Only when they get the money back from us?

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If they win the court case they get their bond back.
If they lose the court case the bond is taken by the government. 


Speaks volumes about the chance of success in court if they'd not willing to put a bond in. If you ask me. Allegedly. In my opinion. 

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  On 09/07/2024 at 12:52, J*B said:

If they win the court case they get their bond back.
If they lose the court case the bond is taken by the government. 


Speaks volumes about the chance of success in court if they'd not willing to put a bond in. If you ask me. Allegedly. In my opinion. 

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It is strange really, as they had to pay into the bond for the two tranches sent last year. It is as though they have had the frighteners put on them now and maybe that's because they are less convinced than what they were, that this money will come back to them.

As I posted earlier and have posted a few times before too, one of the conditions, for returning the bond is that the money is used for the purpose stated and they have stated that is it to protect their investment, which in my view is very miss leading.

 

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  On 09/07/2024 at 12:52, J*B said:

If they win the court case they get their bond back.
If they lose the court case the bond is taken by the government. 


Speaks volumes about the chance of success in court if they'd not willing to put a bond in. If you ask me. Allegedly. In my opinion. 

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The directorate of enforcement take very few of their cases to court and have a very high percentage success rate on those they pursue.

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  On 09/07/2024 at 12:55, arbitro said:

I'm assuming they have already lodged millions to cover the payment of the tax bill last year (£3.5m from memory) and another reported £11m put in during Q3 last year.

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Both of these amounts were to ensure the liabilities were met, so no doubt some of that included paying HMRC.

Waggott did confirm to me, that all due tax had been paid up to the turn of the year and also advised that there were enough funds available in November, to ensure all payments were made, to the end of February.

To my knowledge, no money have been sent by Venky's since November, although we are led to believe that funds have been requested. 

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