The High Court of Delhi has set a date for Venkateshwara Hatcheries Private Limited's latest application to push through funding for Blackburn Rovers.
Rovers are officially owned by Venky's London Limited, which falls under the umbrella of parent company VHPL.
VHPL has been involved in a row with the Indian government and had assets worth £7.3m seized, relating to money used to purchase a luxury house in Lancashire in 2011.
In October, a further order was made by India’s Enforcement Directorate to seize £2.3m of assets as part of 'an investigation relating to alleged violation of the foreign exchange law'.
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As a result, the club have endured cash flow problems since the summer, with the transfer budget cut by 15 per cent. Rovers still signed two players for fees during the last transfer window but deals are being approved on an ad-hoc basis.
It has been tougher for Venky's to push through funding from India and, as a result, they have used the High Court to ensure that the club remains fully supported.
In November, the High Court of Dehli approved an application for £11.5million to be transferred for Roverso, in order to meet their financial obligations.
That money was accounted to cover wages of playing and non-playing staff, utilities, VAT and the repayment of loans. The money was used to cover the club's costs and was not allowed to be spent on transfer activity.
The court was satisfied that “the function of the club is not yet under any cloud of suspicion” and therefore the money was allowed to pass through.
Another date has been set by the High Court after VHPL put through another application to release funding. That will be heard at the end of the month on the 24th of January.
Rovers expect the application to be successful, as it was in November. Once again, any funding released through these channels will be accounted for and won't be directly used to bolster Tomasson's squad.
The club have always maintained that Venky's remain fully committed to Blackburn Rovers and this latest application shows they still intend to fund the club.
However, there are fair questions to be asked about how sustainable this process will be in the long term. There has not been any clarity on how long the restrictions in India will last for and whether the investigations are close to a conclusion.
Tomasson has spoken openly about the cash flow problems at the club, which has left him with a lighter playing squad this season. The team has also not been able to fly to long-distance matches, something the head coach has linked to the budget cuts.
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