Venky's £4.8m Blackburn Rovers investment explained

Venky's sent £4.8m to Blackburn Rovers' parent company.
Venky's sent £4.8m to Blackburn Rovers' parent company.
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Venky's £4.8million in Blackburn Rovers' parent company, Venky's London Limited, has been registered with Companies House.

However, this appears to just be the formal acknowledgement of money sent in June, as reported by The Lancashire Telegraph at the time, rather than a new investment. This was registered on September 29 and then made public by Companies House on October 7.

On May 26, VHPL issued a request to remit £4.85m to Blackburn Rovers to cover liabilities for April to June. This was a relatively standard request to top up the club's funds for the off-season.

Companies House have now acknowledged that investment, which has been returned with the allotment of shares, rather than debt.

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That money came with a 50% personal guarantee attached, though that restriction has now been eased. Going forward, any money transferred by the owners will no longer be subject to any further cost.

On September 4, VHPL requested to send £12.63m. This was approved, given the long-standing No-Objection certificate which has been in place. However, at the time of writing, there is no evidence that money has yet been transferred.

VHPL are still required to submit an Affidavit, which is a legal document that must be presented within one working day of funds being remitted, explaining exactly what they are being used for. That hasn't been registered on the High Court of Delhi filing system at this stage.

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