Sadly, Rovers are one of the most unusual business 'models' you are likely to encounter. If you had an ounce of nous, you would realise Venky's were highly unlikely to continue funding losses of circa £20million per annum (and evidence over the last two years or so suggests they have now made that decision) and therefore the only way for the club to stay afloat was/is through the sale of players and given the 'big money' stars have all been sold the cupboard is almost bare so would you care to explain how the Rovers avoid insolvency!?!?

I think there are many of our era and beyond who now feel so ambivalent about Rovers. Pre Venkys, a Rovers' defeat really, really hurt - now it's more of a shrug of the shoulders. I think it's very much unlikely I will ever see Rovers back in the PL which is so sad. Think an insolvency scenario within the next 3 years is the most likely and almost inevitable outcome.

What a nonsense. Rovers could be in serious financial trouble here considering Wharton was seemingly sold to keep the lights on particularly if VLL recall their loans or part of. Rovers' directors will need to be mindful of being held liable for wrongful trading should they know Rovers unlikely to avoid insolvency or administration. Deferment until November, at the earliest, is going to put further strain on cash and I fear if it moves it will be sold!

It's a fair point, however, if you get 100+ going on all at the same time!? Not sure prosecuting one or two, out of 100+, would hold up in a court of law unless those arrests were for violent behaviour. You see demos in the UK, often violent, and how may arrests are made when conceivably 100's could, and arguably, should be arrested!? At times, IMO, the law is an ass. In any event, think there is scope for demonstrations in the stands and outside the ground which if done en masse could be equally effective without putting individuals at risk. Whether this is ever proved is another issue. An insolvency might result in a deep probe. I don't think I'm alone in understanding the sentiments though!

Think there are two points for consideration: Come 31 August, our owners legally may no longer be in a position to continuing further funding for Rovers Consider extracts from the accounts for year ending 30 June 2023: Strategic report - the directors have prepared cash flow forecasts through to June 2027 and "the company will require significant funding in addition to current facilities available to the company" Strategic report - the ultimate parent company "has confirmed it will not recall the amount outstanding of £123,052,900, included in creditors due in less than one year, within twelve months from the date of approval of these financial statements". This therefore ends this calendar year. Auditors report - "a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern". Relates to the ultimate parent company's ability to remit funds to its overseas subsidiaries. Bank overdraft facility (at £15million in accounts) expired 10 May 2024 - would think the ongoing Indian court case will have cause some discomfort with the bank. Banks do not lend money, even if they are secured, if they think there is a serious question mark against a company's solvency. IMO, there is a chance Rovers will enter insolvency before the calendar year is out especially if the court case goes the 'wrong way' and the Raos decide to cut and run and claw back what they can from, IMO, one sorry mess. Good luck if that gives you any warmth and reassurance!

Don't think this will surprise the majority on this MB. Think at best, it will be a survival battle next season and even that may be beyond us if the Indian court case brings about our insolvency. I think Waggott will soon be vilified as much as Kean was. IMO, he is not being straight with the supporters and taking us all for mugs with his weasel words.

Think we are a shambles from top to bottom. IMO, we have a bullsh1t joke of a manager leading a bunch of the most spineless individuals, masquerading as footballers, I have seen in 60ish years supporting Rovers. We won't go down - a point against a knackered and disinterested Coventry is all that is needed. The club needs sweeping clean from top to bottom but sadly, unless the Indian courts bring about our insolvency in August, this will not happen and relegation will almost be inevitable next season. Time for a long walk, a few pints at the local and a nice bite to eat tonight.

No surprises to me with these accounts. IMO, they just confirm what a shambolically run business we are. If, and it's a bloody big if, the Raos sold the club (outside an insolvency situation), I would love to be part of the due diligence process on behalf of a buyer - God knows what may be hidden away. It is for this reason that I very much doubt the Raos will sell and only an insolvency situation will see us free from their clutches. I take Waggot's words on the Raos' funding guarantee with a pinch of salt - IMO, he has neither integrity nor credibility. I think August will see Rovers and the Raos meet their Waterloo as I suspect there is very likely more to the Indian court business than meets the eye.

Most likely manager next season will be an insolvency practitioner from one of the likes of Hudson Weir.

Pathetic!?!? Feck me - I hate Venky's which should be as plain as day to any regular member of this MB. All I was trying to point out was getting a new owner, should Venky's decide to walk away and write-off their losses (giving the club away and not an insolvency), might not be as easy as some think as £100millionish would be required to have a real go at it. Sorry if the financials and implications are over your head.

Any prospective buyer of Rovers would want the club for nowt and debt free. Venky's face a huge write-off when they relinquish the club either voluntarily or through insolvency. Just consider this - for starters, any new owner would need circa £30/40million in working capital just to keep the show on the road! The only way Venky's were going to recover sizeable chunks of their investment was for Rovers to get back to the PL. Sadly, that ship sailed and Venky's failed to jump on board on more than one occasion. Would think Venky's are now close to tipping point as not only are they continuing to flush £20million per year down the sh1tter but the aggravation factor is growing rapidly with scrutiny / process from the Indian authorities. Sadly, our future looks as bleak as today's horrible weather.

From the Raos' personal angle, a smart move. Gives them more control over a major asset in the event of the football club being sold or entering insolvency. If the football club ceased to exist or the remainder of the Brockhall complex was sold off then I think you would find any restrictive covenants re land use would be managed out! As a Rovers' supporter, would have been far happier if this had not happened. Let's not be naive about this. Again, don't think club have been open about Brockhall and their hand has reluctantly been forced. Think it's a pity the Raos are not as smart when it comes to selecting football managers and ceos!!!

Should Rovers enter an insolvency situation, I know of at least two North West parties (from my line of work) who would be interested - please don't ask for names for obvious reasons.

So depressed tonight. Won a bundle on Forest win but no solace. Think we are in a real mess. Other than insolvency, I don't know where the feck we are heading.

If you look at Companies House, you will see there are no charges registered against either The Blackburn Rovers Football and Athletic Limited or Venkys London Limited (holding company). This would indicate that the Raos have provided secured personal guarantees to BOI for Rovers' overdraft facililities. In the event of an insolvency, BOI will pursue Rovers for recovery of monies Rovers owe to BOI (very bad news for the club). If that debt can't be recovered then, as is usual practice with personal guarantees (secured or otherwise), the Raos will be asked to honour their guarantees; if they have the liquid assets to do so, then end of story. if they haven't, then BOI will then turn to their secured assets.

As I said, I think they will win the appeal. Those who run the club did not deliberately run the club into the ground nor strive to keep operating when they knew insolvency was approaching - it was not an attempt to 'cut and run' at the expense of the creditors. I think it will be construed the new owner of less than four weeks was grossly culpable and the EFL, IMO, have made a real dog's breakfast of it.

Where on earth do you get £millions from? You reach an agreement with Mowbray who would be the biggest cost and, at worse, if you have had to pay up the contracts of Waggott and Mowbray's coaching staff. I think you would do it all for less than £2million (substantially less than the wages of all the playing deadwood that should be shown the door this summer). The question is - can Rovers afford NOT to do it? IMO, we are not progressing as a club, in fact I think we are going backwards and our playing squad, come next week, will be threadbare, unbalanced and have limited genuine quality (so much for Mowbray's slow build upon solid foundations). We have to stop haemorrhaging huge amounts of money year after year and you can only achieve that if the club is successful (both results and player trading wise) and genuinely moves forward and gets stronger every year (look at Burnley). What value has Waggott added to Rovers? Are we really better off after three and a half years of Mowbray? As I said, IMO, Rovers can not afford NOT to do it otherwise the steady and consistent drift towards the financial abyss will become a surge and who knows what an insolvency would bring and where we would end up.

You are not alone!!! Things just don't feel right (relative to how Venky's have been since buying Rovers) at the moment. Not scaremongering but in some 60 years of supporting the club, never, ever felt we are so vulnerable to insolvency and the abyss. In business, there is always a 'tipping point'.

Not at all. It's economics and the world has changed through coronavirus. Venky's share price has fallen by something like 40% in six months. Both the demand and price for poultry products have have been substantially affected in that part of the world. Having tipped going on for £200million into Rovers and the necessity for frequent share issues to keep Rovers afloat, logic tells you there has to be a tipping point - you don't keep flogging a dead horse (it might be different if they could see Rovers making real progress and really challenging for the PL). Add to all that FFP provisions and, IMO, it's a gloomy, gloomy picture. I posted a few days ago that I think Rovers have never been as vulnerable to insolvency and financial collapse as they are now. Very sadly, it's where I think the club now is.

Balancing the books is impossible unless we were able to flog players for some £20million+ each season. Sadly, I think we are financially goosed. The three players you mention are decent but NOT PL players. We really are in a mess and given the impact of coronavirus on worldwide economies, it would be no surprise if the Raos did not call time on their, IMO, disastrous venture into English football. I was talking to a former colleague of mine this week who is a corporate insolvency specialist with one of the 'big boys' and he fears for the football industry in particular. I think Rovers are more vulnerable now to financial insolvency and collapse than they ever have been in their history.