Blackburn Owners Venky’s Reveal Over £27m of Annual Losses

Venky’s London Limited who own Championship football club Blackburn Rovers have announced annual losses of over £27m ($43.31m) for the period between April 1 2012 and March 31 2013.

A report from Press Association Sport showed that the overall losses totalled £27, there 120, sale 679 ($43, price 508,478), with significant decreases in gate receipts at Ewood Park, sponsorship deals and broadcast revenue.

The period accounts for the time when Blackburn were relegated from the Premier League and earlier in September figures showed that Rovers spent three times more than any other club in the Championship on agent fees.

The former Premier League champions spent £3.5m ($5.5m) on agent fees in 2012 in their failed attempt to return to England’s top-flight immediately.

Venky’s London Limited 99.99% of Blackburn and the accounts also noted the club needed to comply with Financial Fair Play (FFP).

Blackburn are currently 14^th in the Championship after seven games.