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Rao family quick to deny Barclays story

The Indian owners of Blackburn Rovers have been out in defensive mode this morning after reports of Barclays Bank tightening their grip on the clubs finances emerged in the Mail on Sunday.

The MOS article suggested that Barclays are threatening Rovers January transfer window plans by asking that the Rao family pay off some of the club overdraft which reportedly stands at about 17 million.

But Venky's are denying that is the case and that they are at a loss to explain where the rumours have originated from with their January plans remaining to invest 10 million to buy three players.

A Venky's spokesperson told the LT - "There is no truth in reports that the club`s future is at the risk or that there is a chance the players will not get paid.

"We have a good relationship with the bank and I don`t know where these stories come from."

The easiest gauge for this will be when January rolls around and then it will easy to see who is doing a bit of elaborate fibbing here.

One rumour is that if Venky's do have bank restrictions they can sell one of the club's players to bank roll some spending but selling the likes of Chris Samba may prove to be as popular as a fart in a lift.

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The Journalist

Writer: Mikey Delap Mail feedback, articles or suggestions

Date:Monday December 12 2011

Time: 9:34AM

Your Comments (oldest first)

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Well someone, somewhere is taking a few liberties!!!
Mikey Delap
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12/12/2011 09:56:00

Now we know it's true.
blackburndrover
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12/12/2011 11:15:00

Don't know what to believe any more ???? Reality looks like... bottom three for Christmas going in to the two easy games on Boxing day and New Years Eve... Tommorrow is the Anniversary of Keanes appointment and proclamation that we would be in the Champions League in next to no time.... Take of the League Bit and add HIP to other bit and thats where we'll be next season.
Waggy Waggy Wagstaff
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12/12/2011 12:13:00

The anniversary of Kean's appointment is tomorrow? Wow what a party that will be... ;)
Mikey Delap
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12/12/2011 14:07:00

If these rumours are untrue - sue the papers so that we can get some more money for transfers.
FreidelNo.1
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12/12/2011 14:43:00

Wow a year already...you know what they say...Time flies when your managed by a clueless clown. Something like that anyway.
fransavarese
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12/12/2011 14:44:00

"they can sell one of the club's players to bank roll some spending but selling the likes of Chris Samba may prove to be as popular as a fart in a lift." but would Venky's give a monkeys if it was popular or not? I don't think so.
bignumber5
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12/12/2011 18:41:00

Well if it does need paying back then that's that for this season. And quite possibly next season too. So here's hoping that there's nothing in it and it's just tabloid gossip.
rossp2112
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12/12/2011 21:41:00

 

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