Venky's report £27m loss

Venky's London Limited, the holding company of Blackburn Rovers, have revealed annual losses of over £27million.

Last Updated: 19/09/13 at 15:46 Post Comment

Blackburn Rovers: Venky's have revealed annual loss of £27m

Blackburn Rovers: Venky's have revealed annual loss of £27m

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

The accounts, which have been seen by Press Association Sport, cover the period between April 1 2012 and March 31 2013, during which time Rovers were relegated from the top flight after 11 seasons.

The overall losses totalled £27,120,679 and showed significant decreases in gate receipts, sponsorship and broadcasting rights which laid bare the effect of demotion from the Premier League.

Venky's London Limited owns 99.99% of Blackburn and the accounts noted the need for the club to both comply with future Financial Fair Play regulations while also doing their utmost to return to the Premier League.

Last season Rovers just managed to stave off relegation under four different managers, with Steve Kean resigning, both Henning Berg and Michael Appleton swiftly sacked before Gary Bowyer - now at the helm on a permanent basis - assumed a caretaker's role.

The previous summer they also broke their transfer record to acquire striker Jordan Rhodes from Huddersfield in a deal worth up to £8million.

Rovers' accounts are due be published before the end of the year but this news comes in the same month it was revealed the club spent £3.5million on agents' fees last season, more than double any other club in the Championship.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

O

K FIFA we're done, you can ban us now

jimmyjazz
Barcelona transfer ban upheld

A

h Daniel. I could spend hours on this subject putting the world to rights. You can even take a step back and ask why football fans (and society in general) have this need to know that something will happen before it actually does. There are times this important, when it comes to things like war, food production and natural disasters. A man you've never met changing his job? Not so much.

ajsr1982
Time To Burst The ITK Bubble

G

reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

ianonabeach
Time To Burst The ITK Bubble

Footer 365

Transfer News: Bruce confirms Hull are eying Vincent Aboubakar

Hull City manager Steve Bruce has revealed the club are considering a move for Lorient forward Vincent Aboubakar.

Premier League: Edin Dzeko signs new four-year Manchester City deal

Edin Dzeko has signed a new four-year contract with Manchester City.

Champions League: Callum McGregor on target in Celtic draw

Celtic claimed a 1-1 draw with Maribor in Slovenia in the first leg of their Champions League play-off clash.

Mail Box

So Long And Good Luck To Nani

A Mailbox that offers best wishes to a departing hero, defends Olivier Giroud, tells us to steady on over Calum Chambers and makes some amusing predictions...

Mailbox: Feeling Sorry For Poor TC23

If there's one loser in all the machinations at Man United, it's poor TC23. We have mercifully few mails on United, but lots on Arsenal and in particular Olivier Giroud...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property