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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

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.

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ou can't blame De Gea for wanting to leave, he has enough to do in front of goal as it is as well as taking on the role of Man Utd's version of Derek Acorah in trying to contact and organise a defence that isn't there.

rodger's gusset
Van Gaal downbeat on De Gea

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f you want to take six points off Arsenal, then that's a great strike force. Can't imagine either of them showing much for the rest of the season though...

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ooks like Real get their man, most likely at their own valuation, yet again. Resistance is futile.

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