Net debt at Blackburn Rovers is up to £79.8m from £54.5m as the club struggles to comply with financial fair play rules. £56.8m of the debt takes the form of an interest free loan from owners Venky’s.
The club lost £42.1m, although all sorts of adjustments appear to have been made to the accounts. Turnover was up from £26.9m to £30.4m with media income up by £4.2m.
Net debt at Blackburn Rovers is up to £79.8m from £54.5m as the club struggles to comply with financial fair play rules. £56.8m of the debt takes the form of an interest free loan from owners Venky’s.
The club lost £42.1m, although all sorts of adjustments appear to have been made to the accounts. Turnover was up from £26.9m to £30.4m with media income up by £4.2m.
Wages were cut back from £36.6m to £34.5m. However, that means that the wages to turnover ratio is 113.5 per cent, admittedly an improvement on the previous 136.1 per cent, but still more than twice the recommended 50 per cent level.