Championship Club Blackburn Rovers - Owners Venkys Reported Current Losses £184m

[Ericsladkilnhurst]

Blackburn Rovers owners Venky's current total losses are reported to be £184m.

Financial year end 31 March 2021 showed a loss of £21.4m
Wages were £200 for every £100 coming into the club.

Financial year end 31 March 2022 showed a profit of £2.7m
Wages were £146 for every £100 coming into the club.

But the profit was acquired with help from another of Venky's companies, the
Venky's parent company had losses of £20m at the financial year end 31 March
2022.
Selling striker Adam Armstrong to Southampton in 2021 & property assets from
another Venky's company, issuing £17m shares & borrowing £8m, to fund the
losses.
Income up by 35% with crowds allowed after covid, the club claimed £762,000
in grants [ furlough ] & £562,000 in insurance claim [ covid ] in the year.

Accounts revealed that the sale of Adam Armstrong to Southampton, was that
Blackburn Rovers received a £5m upfront fee, with the rest in instalments.
Revealed this method is common practice, particularly in the championship.

Accounts for the financial year end 31 March 2022 - bought players £1.2m
& sales of £10.5m

Thoughts - Clubs losing money, is it time the agents cut their fees, & the players
curbed their wage demands.

[Brin]

ELK totally appreciate how much you’re on the ball with all this, albeit others might scoff at your postings. Well done fella.

If only everyone played from a fair financial level, we’d be playing in Europe in two seasons 😄

[Grist_To_The_Mill]

All those figures look like a desperate attempt to avoid sanctions under fair play rules.

Don’t make a loss in consecutive years by bending the rules.

[Brin]

Chicken feed to them