Blackburn Rovers have posted an annual pre-tax loss of £36.5m for the last financial reporting year, compared with the £4.3m profit made a year earlier.
The latest accounts ending June 2013 reveal a £27.3m drop in turnover and a 136.1% wages-to-turnover ratio which given our current Championship status and income asks some serious questions about our financial future… to say the very, very least.
They also show the club’s net debt has risen from £24.5m to £54.5m.
As much as things appear to be improving slowly on the field, it casts a tangible cloud over proceedings off the field as the inevitable questions over how the debt and losses will be supported.
Are Venky’s stumping the bill? Or have they saddled the club with a terminal bulk that will ultimately sink the ship?
The accounts won’t come as a surprise to those who have been paying attention, but it won’t make reading them any easier or less concerning.
Share this article
Related Articles
