Blackburn made operating losses of over £24 million in 2019/20. Player sales reduced this to ‘just’ £21 million. #Rovers
Blackburn total losses over the years now exceed £282,000,000. This has been funded by loans and shares bought by the Venkys.
Venkys lent #Rovers £14 million in 19/20 on top of £18 million the previous year. I suspect @AndyhHolt is unimpressed at the casino style football finance operations we constantly see in the Championship
All three revenue streams (matchday, broadcast, commercial) at #Rovers down in 19/20. Covid would have played a part at end of season but isn’t responsible for everything. Wages up £3m and £190 for every £100 of income #sustainable
Blackburn highest paid director pay down from £320k to £270k
Blackburn bought players for over £5 million and sold others for £3m
#Rovers owe the Venkys over £140m and other clubs £6m for transfer instalments. Tax creditors have doubled to over £5m as club took advantage of @RishiSunak relaxation of PAYE rules.
Rovers may have to pay other clubs and players up to £5m in add on fees for appearances etc.
Rovers have put in an insurance claim for loss of revenue due to COVID-19 but looks as if the insurance company is trying to wriggle on paying out #smallprint #whatasurprise
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