Record losses for League One at Blackburn

Blackburn Rovers Holding Company Venkys London have announced losses of £15 million for 2017/18, when the club was in League 1 and promoted at the end of the season. The losses are a League 1 record. Blackburn total losses under the Venkys have been £124 million.

Blackburn income was down £6 million mainly due to lower TV revenues in League 1 but still high by division standards. Blackburn wage bill was down £7 million to £15.7 million and 19 fewer employees. The wage bill is likely to be highest in division for 2017/18 and more than double the average.

Venkys invested a further £19 million in the form of shares last season to keep Blackburn afloat.

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