Venkys losses at Blackburn total £184m

Blackburn parent company Venkys London had £20m loss to year ended 31 March 2022 but profits on sale of Armstrong and property assets to another Venky’s company turned this into a small profit, reports Kieran Maguire.

Club issued £17m shares and borrowed £8m in the year to fund the losses.

Blackburn income up 35% as crowds returned to Ewood. Interesting that also claimed £762k in grants (possibly furlough) and £562k in insurance claim (COVID?) in the year.

Blackburn wages slightly down but still £146 wages for every £100 income.

Blackburn bought players for £1.2m and had sales of £10.5m in year to 31 March 2022

Total losses made by Blackburn under the Venkys are almost £184m.

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