Blackburn Rovers FC Financial Accounts Ending 31st March 2024

[Ericsladkilnhurst]

Blackburn Rovers FC financial accounts ending 31st March 2024

Blackburn Rovers report a £1.8m profit for the year ending 31st March 2024.

Players sales brought in £22.9m for Adam Wharton [Crystal Palace],
Thomas Kaminski [Luton Town], Ash Philips [Tottenham Hotspur].

Last year saw the club have a loss of £21m.
Blackburn Rovers current debt stands at £134m with a further £11m
converting shares over the last year.

This season 2024-25
Blackburn Rovers forward Sammie Szmodics sold to Ipswich Town [16th August],
so his transfer will show on the clubs next financial report.

[Ericsladkilnhurst]

I did a post where Venky's the owners of Blackburn Rovers FC, were told to cut
back on investment in the club, by the Indian Government.
Venky's have been in court battles with the Indian Government for the last 18
month's, regarding financial issues.
The Indian Government told Venky's to cut back on investment in the club, but
also brought a stipulation in that for every pound sterling invested in Blackburn
Rovers FC, Venky's had to put the same amount into a guarantee bond in India.
So therefore if Venky's invested one million pounds into Blackburn Rovers FC,
the same amount must be paid into the guarantee bond in India, which was
passed in a Indian Court.

Venky's parent company VHPL are battling to have the the ruling overturned, but
the court hearing's keep being cancelled by the Indian Government, with a future
date being given each time.
The court of Delhi cancelled a recent hearing scheduled for Wednesday 13th
November, & given a future date of 13th January 2025.
The Venky's put forward for the ruling to be removed, but each time a court hearing
is cancelled, any money sent to Blackburn Rovers FC coffers will cost double.
Venky's London Ltd have stated unless the court does not release future funds, it
will have a impact on whether Blackburn Rovers FC continue to trade.