Venky’s holding company are under set guidelines when they wish to send funds to Rovers. As has been the case for several years, they must match every pound with a personal guarantee.

VHPL, the parent company of Venky’s London Limited that owns Blackburn Rovers, remains under investigation and therefore subject to these procedures. The next date for a hearing to remove the red tape is August 5, though they have been constantly delayed and redated.

The Lancashire Telegraph revealed last week that Rovers had received a cash injection of £4.85million after a request to The Delhi High Court.

The funds are to cover wages and other liability costs throughout the summer months. They cannot be used directly on transfer fees.

“When I talk to people who have connections with Blackburn Rovers… [Venky’s] have said sort of historically – ‘You want a million pounds a month? Here’s a million pounds a month’ – quite good,” Maguire told Second Tier Podcast.

“That has become more difficult over the course of the last two years because of domestic challenges they have.

“My understanding is they are now committed to paying around £4.5million over the summer months.

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“That is simply to keep the lights on, that is to pay the wage bill over the course of the summer months.

“They are trying to get an arrangement now with the Indian tax authorities and court authorities which means that they don’t have to get a court approval before they can send money to the UK, as has been the case over the course of the last two seasons.

“They have been cutting things to the bone, they have lost the Women’s team [from WSL2] as a result of that and I think that is a shame for the people involved and for the opportunities for the women’s game to grow in Lancashire.”

Maguire also discussed whether the Venky’s could one day sell the club, having not attended a match at Ewood Park for over a decade.

“It is messy as far as Blackburn are concerned,” he added.

“Why has nobody bought the club? I think we could also be entering sort of Chansiri [Sheffield Wednesday owner] territory in the sense of what the owners think Blackburn is worth and what the market thinks Blackburn are worth are far apart.

“The Venky’s have lost £200m since buying Blackburn Rovers and they probably want to get a bigger chunk of that back than realistically, a sensible prospective buyer would be willing to pay.”