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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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e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

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uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

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amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

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