Skip to main content

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!

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more