They have been very clever with their words. I wouldn't say they have lied

Waggott is being purposefully misleading. Jackson has swallowed it.

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

They can fund via money generated in the UK. They can't send any funds from India until after the court hearing. Last time, they had to cover it with a bond - it may be the same in August, it may not. They have recently sold the Neville Mansion which will have generated a few million pounds. They may have sent this money back to India to improve their position over there in terms of the unpaid tax, get some seized assets back and show willing to cooperate. If the money is still in the UK can they use it to fund Rovers? Who knows. It's not a simple situation.

They are fully aware. Any quotes in the WATR MoU minutes are from Waggott.

The simple fact is that he could have looked at the court documents himself and discovered the actual true situation - as many of us have done

Open minded because he is waiting for Waggott to tell him what's happening. I really don't think Eustace has much say in the matter. Eustace seems very non-committal on most subjects and he has already stated that the target for the season is simply to improve on last season - reflecting Waggott's lack of ambition at the start of last season.

So if you regularly attend the under 21s it is effectively a price increase over the whole season despite a lower ST price.

I thought so. Well it won't be free next season - another Waggott tax slipped quietly in.

Just been reading the FAQs about 24/25 season tickets on the Rovers web site. One of the FAQs states that a ST entitles you to attend all regular men's first team matches at Ewood, but not under 21s matches. I seem to remember that reserve/under 21 matches were always included in the past. Has that just changed for next season - anyone know?

They avoided tax by declaring it as a business expense rather than for personal use.

Perfect summary. The court hearing in August is a request to send money. The ED will be allowed to oppose the request in August if they wish. The ED case against Venky's is a separate issue and will be ongoing well after August.

If the club have said they can send funds from India I'm sure you can point to the evidence.

But it is only B if they get permission - that is why there is another court hearing. They were given permission to send funds in November based on the first court hearing and a full breakdown from Rovers as to what the money was to used for. They have to go through that process every time they want to send money.

They have never said funds can currently be sent from India.

Why would we go into admin if the club is sold ? We are in a great position to spend with respect to FFP - why would the club fold if we spend ? The trouble is the owners won't sell and won't ( or can't ) spend when they have the option to do either. NEVER blame the fans.

The purchase of Alexander House is part of the whole investigation by the Directorate of Enforcement which has led to the embargo on funds going overseas and the seizing of assets in India. I believe the August hearing is simply a request by Venky's to allow another payment while the investigation continues. The investigation could take a very long time. Nixon tweeted a few weeks ago that they have now sold Alexander House. I also heard it elsewhere. If they have used this money to pay any missing taxes and subsequent fines then maybe this will help their cause possibly ? It may paint them in a more positive light and get some assets released. That is all hypothetical as I have no idea what they have done with the proceeds - they may be using them to keep the lights on at Ewood ?

That is correct. IF they get permission to send money they must match it with a payment to the Government department to be held as security. That applied to the funds sent in November and will probably apply to future funding should they get permission to send any - unless the hearing in August has a different ruling to the previous hearing. It could be a different judge ?

The situation with funding and the court case was discussed at the MoU meeting with Steve Waggott about a month ago - this is when the vague 'should be no impediment' statement was made. There is no way the manager or newly appointed Head of football were going to contradict this at the AGM. The club has NEVER stated that funds can currently be sent from India. They have only stated that the owners can still fund the club ( player sales, loans etc ). The court hearing in August is simply Venky's asking for permission to send funds out of India while they are under embargo. It's not about the way they run Rovers but if they are not allowed to send money out of the country then the implications are obvious. Steve Waggott said to me personally that 'a precedent was set at the first hearing and Venky's were allowed to send funds in November so there shouldn't be a problem'. On that basis, my understanding is that he expects them to be able to send funds again after the next hearing - but that was before the hearing was postponed in March.

As various posters on here having been stating since March. The club statements are deliberately misleading. Jackson from the LET has fallen for it. The club was on the edge in January before Wharton was sold. It will be in the same position in August - unless the case gets heard and goes in Venky's favour.

and what is a 'caught case' ?

OK mate

From the court documents: VENKATESHWARA HATCHERIES PRIVATE LIMITED Vs. UNION OF INDIA, MINISTRY OF FINANCE, DEPARTMENT OF Next Hearing 20-08-2024 From Case Status “7. During the pendency of the writ petition, the Petitioner has filed the present application for fulfilling its commitments, regarding the payments to be made by it for Venky’s London Limited which is a Special Purpose Vehicle (SPV) holding 99.99% ordinary shares of Blackburn Rovers Football Club PLC (BRFC).”

They can fund the club via player sales and loans against the training ground etc. They can not send money from India until after the court hearing. The club statement doesn't say they can.

Suit yourself. Believe what you like. What's your view on climate change ?