I will dig the link out for you tonight and post to the thread.

They haven't got to the being charged yet by Indian authorities apart from the house. The court case today was just an appeal to request permission to send funds overseas as it was rejected by Indian authorities. The result of the investigation and future appeals could take years still and while under investigation they need permission to send funds overseas. The default position is they can't, each time they ask for permission it is a new case and despite what Waggot says each request is reviewed independently and no president set.

The Indian tax authorities do not offer out of court settlements for Fraud and Money Laundering which they are being investigated for. When under investigation, Indians Individuals and Companies are not allowed to send funds overseas without permission. The Indian tax authorities have rejected permission and Venky's have gone to court again for permission to send funds. There is no possibility of an out of court settlement. Also the tax authorities have a 98% success rate when they charge somebody in India.

They are gambling, the case goes against them on the 20th and Ipswich will be offering £3m and not £6m. Also Ipswich apparently offered £6m immediately with no installments.

Good point, fortunately he wasn't.

Don't know, I really can't see us doing anything until after the court case on the 20th August.

Shockingly Duncan Ferguson deal was agreed pending Broughton approval on becoming Director of Football. Broughton met Ferguson didn't like him and moved for JDT. So Mercer was totally correct.

To be honest administration might be a lot preferable speed wise. If I was buying us I would do the deepest and most in-depth due diligence process I have ever done on a company and that would likely take 6 months. Buying it from the administrators there is normally a time limit and you can include indemnities etc . I would say as a buyer I would want to do a deal with the administrators and at least they will respond back.

Although if Nixon really does have the inside track again, it means a certain agency and agent are back advising Venky's.

30 days normally although a lot of our suppliers are now asking for payment in advance.

Yep, I am not sure they are Venky's friend or more a high interest loan operation.

The training ground loan needed to have been paid back by end of June so I would say one of those has been used for that.

We have major cash flow issues at the moment. We seem to be paying all invoices after 90 days and stretching everything to the max.

Most of the recruitment side has left and not been replaced. Just Park recruited on that side. JDT wage has then been used for Eustace and Gestede. Also JDT paid up the remainder of his contract which allowed Eustace to be appointed. Broughton so far is a full wage saving.

I will dig a link out later. A screenshot was posted on here a few days ago of the case.