Blackburn Rovers have announced losses of £17.2m for 2014/15, seeing their overall debt swell to £104.2m. This includes £87m of interest free loans to owners Venky’s. The losses do represent an improvement on the £42.1m pre-tax losses recorded in 2013/14.
Blackburn manager Paul Lambert commented, ‘There has to be leadership and talking about how to reduce the debt. You can’t just magic that sort of thing out of the air.’
Blackburn Rovers have announced losses of £17.2m for 2014/15, seeing their overall debt swell to £104.2m. This includes £87m of interest free loans to owners Venky’s. The losses do represent an improvement on the £42.1m pre-tax losses recorded in 2013/14.
Blackburn manager Paul Lambert commented, ‘There has to be leadership and talking about how to reduce the debt. You can’t just magic that sort of thing out of the air.’
Rovers are now able to sign players for fees again after their India-based owners wrote off £3m of loans to get the club’s Financial Fair Play embargo lifted.