UK time is: 13:10:06
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Rovers post after player sales profit

Blackburn Rovers have been able to record an annual pre-tax profit of 4.3 million.

The news isn't quite as gleaming than at first glance as the figure is largely boosted by a huge player sales that includes the big money sales of Chris Samba and Phil Jones.

Those sales, along with the departures of Niko Kalinic and Yakubu heavily outweighed the expenditure on the likes of David Goodwillie, Scott Dann, Yakubu (again) and Simon Vukcevic... who we are pleased to confirm is still alive.

The club has transferred all of it's banking facilities from Barclays, with whom Venky's had a strained relationship, over to the Bank of India - which has allowed for Venky's to fix certain aspects of the business against their own stockhold and assets.

Elsewhere, turnover was down from just over 57m to around 54m and commercial revenue was down, mainly due to not having an actual paying sponsor last season.

What the latest figures do show is that running a football club is a huge strain on the resources of a parent company, but Venky's did release a statement with the accounts (for the second year running) that they would continue to fund Rovers where potential deficits may exist... more than likely ones that can't be covered via player sales.

The statement read - "The company will require significant funding in addition to the current facilities available to the company.

"The directors have received confirmation from the ultimate parent company (Venkateshwara Hatcheries Pvt Ltd) that it has sufficient funds and is willing to provide such additional financing, as may be required to fund BRFC to the extent necessary for the company to continue to trade and to pay its liabilities as and when they become due.

"The directors have also considered the potential impact on the company`s cash flows were BRFC not to regain its FA Premier League status and have identified mitigating actions that would manage the cash flow requirements of the company in such circumstances, and in any event have received confirmation of support from its ultimate parent company."

The next set of balance sheets (2012-2013) should make for interesting reading what with the extra spending that has surprisingly come about after relegation. The big push is on to try and get promoted again, it will be interesting to see how far that statement stretches.

Furthermore the club have confirmed that after the balance sheets were released, the club has actually SPENT some money on transfers - with the purchase Jordan Rhodes in particular outweighing any of the fees received for the likes of Yakubu and Steven 'hissy fit' N'Zonzi.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Mikey Delap Mail feedback, articles or suggestions

Date:Thursday December 6 2012

Time: 10:36AM

Your Comments (oldest first)

Change to most recent first
I wonder how much of this is bent towards the upcomign FIFA financial fair play rules?
Mikey Delap
Report Abuse
06/12/2012 16:56:00

I hate Steven Nzonzi, Junior Hoillet and Chris Samba. Just saying.
Rovertime
Report Abuse
06/12/2012 17:13:00

Biggest mistakes you boys made was getting rid of Kean. How can you expect to moan about Venkys when you regularly turn in crowds of around 12000. If you don't go up this season - which you won't without Kean - then your only going in one direction. Been punching above your weight way too long and have got too big for your boots.
Radon Barrier
Report Abuse
08/12/2012 08:55:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Blackburn Rovers Articles

Rovers Bring In Ipswich's Taylor (Friday March 27 2015)

Rhodes Returns For Scotland (Friday March 27 2015)

Striker Stays With Ipswich (Thursday March 26 2015)

Bolton Plan Loanee Talks (Thursday March 26 2015)

Blackburn Keen On Defender Return (Tuesday March 24 2015)

On Is Off Again! (Monday March 23 2015)

Winger Returns To Blackburn (Monday March 23 2015)

Rhodes Or Gestede?? (Monday March 23 2015)

Archived Blackburn Rovers Articles

List All Vital Blackburn Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. Walker 111
2. dallydally 34
3. rover50 18
4. rovers2011 8
5. Rye of the Rovers 4
6. roverjoy 3

League Results (view all)

League Table (view table)

Team P W D L GD Pts
7. Brentford 39 20 6 13 12 66
8. Wolves 39 18 11 10 11 65
9. Forest 39 15 12 12 8 57
10. Blackburn 39 14 12 13 1 54
11. Charlton 39 13 15 11 -2 54
12. Sheff Wed 39 13 14 12 -4 53
13. Leeds Utd 39 14 10 15 -4 52

Breaking League News

Forest Sign A Lion Hunter?
Forest : 27/03/2015 11:24:01
McLaughlin: The Only Way Is Essex
Forest : 27/03/2015 10:27:01
Wolves miss out on Crystal Palace midfielder
Wolves : 27/03/2015 10:00:01
Neil Happy To Have Dorrans Back
Norwich : 27/03/2015 10:00:01
Loan transfer news: One in, two out yesterday
Reading : 27/03/2015 10:00:00

Current Site Poll (view all polls)

Brighton MotM
Suggested By:  VitalRovers
Steele 10%
Henley 9%
Baptiste 9%
Kilgallon 0%
Olsson 45%
Taylor 0%
Spearing 0%
Cairney 0%
Marshall 0%
Brown 0%
Rhodes 18%
Sub:-Spurr 0%
Sub:-Gestede 9%