Date: 10th June 2010 at 12:53pm
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Rovers head honcho John Williams has given his address to the fans (which he seems to do every year) about the financial direction of the club.

Williams has admitted that times are tough but Rovers can continue to climb that mountain with a combination of sound financial planning and fan support.

The Lancashire Telegraph had the interview with the Rovers chairman and reported the following – ‘John Williams has told Blackburn Rovers fans ‘we can continue to defy the financial odds` but admits the task of preserving Jack Walker`s legacy is a constant challenge.

The Rovers chairman conceded that with no sign of further investment from the Walker Trust the club now have to be run on a self-sufficient basis – but remained defiant the good times are far from over.

Williams confirmed any funds available for Sam Allardyce`s transfer kitty have to be generated by ‘trading` with their ‘buying club` days firmly in the past.

He also revealed there was real interest in their ongoing attempts to attract potential new owners but, while takeover discussions continue, insisted Rovers could continue to compete on the field.

Williams also summarised the following points –

* Michel Salgado`s signing last season meant they had to reforecast their budgeted Premier League finishing position from 13th to 11th.

The club`s high wage bill is a concern, but necessary in their battle to remain competitive in the Premier League.

* Rovers fans hold the key to how long the club can sustain their current prices as they look to turn Ewood Park into a fortress.

* None of Rovers` stars need to be sold with new broadcasting revenues able to maintain wage levels without capital receipts.’

Thanks for clearing that up John.

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