
Originally Posted by
Ericsladkilnhurst
Don't think a permanent deal for Yates would go through, Blackburn Rovers have said, they have
enough money to carry the clubs finances until the end-of-season.
Blackburn Rovers owners Venky's are not in charge of their own finances, after the Indian Government
stepped in, this comes after -
June 2023 - Venky's owners of Blackburn Rovers since 2011, had to apply to the High Court in
New Delhi for emergency permission to pay outstanding tax bill to U/K HMRC.
After application to send £26m to Blackburn Rovers was turned down, when the Indian Government
refused to issue a ' No Objection ' certificate to payments to Blackburn Rovers.
U/K HMRC were close to issuing Rovers with a winding up petition.
A judge in New Delhi allowed Venky's to pay the tax bill, but insisted that a bond of the same amount
of money to be lodged with the Directorate of Enforcement, which is a arm of the Indian Government
set up to target money laundering.
The judge said, the money what was released to pay HMRC must go to this only, if used on anything
else, the bond paid to the Indian Government would be forfeited.
The Indian Government have cracked down on money leaving the Country, so now Venky's have to
apply to a Indian court to take money out of the country, therefore the Indian courts are in charge
of Blackburn Rovers finances.