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Blackburn lose nearly £400k a week

The tireless Kieran Maguire has been up early looking at the latest filings at Companies House. Blackburn Rovers parent company Venky’s London publish results for year to 31 March 2019. The whole of the turnover is attributable to Blackburn Rovers. The club lost £20.3 million in year despite promotion to the Championship, which works out as £391k a week.

Average income in the Championship is £31.4m, so Rovers are on less than half that, partly due to impact of parachute payments [which have such a distorting effect in the Championship].

The Blackburn wage bill in 2018/19 was the third lowest of the decade, average weekly wage £11,000 a week last season compared to division average of £16,000 a week.

At £6.1m media (up from £2.9m in League One) accounted for 41 per cent of income; commercial at £5.2m accounted for 35 per cent; matchday at £3.6m accounted for 24 per cent.

Lancs Live comments on the results here: Blackburn Rovers

You can read the accounts online at: Venky's London

Kieran's new book on The Price of Football will be available soon: The Price of Football

It will give us a guide to analysing the accounts of football clubs which many of us badly need!

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