Blackburn Rovers - loss of £22m

Discussion in 'Bulletin Board' started by Archerfield, Jul 8, 2021.

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  1. Arc

    Archerfield Well-Known Member

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    It must be the week for the basket case clubs to file their accounts for the year 19/20.

    Blackburn have just filed showing a loss of £22m for the year. Blackburn’s turnover is only £13.5m which is slightly lower than BFC, yet their wage bill is £25.6m, 190% of turnover!

    They had an operating loss of £20.1m and took £600k of furlough money. Player amortisation of £4m was partially offset by profit of £3m on sales. With another £1m of depreciation on assets resulted in the £22m loss.

    What is staggering is the accumulated losses of £280m. The owners are owed over £140m and they have an overdraft of £14m, which cost nearly £600k in interest last year.

    Last three years losses of over £57m make Wednesday look like a model of prudence!
     
    Archerfield, Jul 8, 2021
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  2. dreamboy3000

    dreamboy3000 Well-Known Member

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    They need to get Dack back fit and sold and then it won't be too bad.
     
    dreamboy3000, Jul 8, 2021
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  3. Mid

    Mido Well-Known Member

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    It’s absolutely mental that a bang average side can waste so much money on players. Seriously bad to negotiate stupid contracts with mid table players.
     
    Mido, Jul 8, 2021
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  4. Mid

    Mido Well-Known Member

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    How much do you think they’re going to get for him?!
     
    Mido, Jul 8, 2021
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  5. YT

    YT Well-Known Member

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    https://www.efl.com/-more/governance/embargoes/

    Useful little page on the EFL website that makes public the clubs currently under an embargo.

    No Sheffield Wednesday on that list. Or Blackburn. Or many others who are massively up to their eyeballs in debt, and/or spending way above their means.
     
    YT, Jul 8, 2021
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  6. Dav

    DavidCurriesMullet Well-Known Member

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    EFL are either bottlers on enablers. Either way not fit for purpose.
     
    DavidCurriesMullet, Jul 8, 2021
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  7. YT

    YT Well-Known Member

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    He's recovering from his second ACL injury within two years isn't he? 28-year-old this year. In the current financial climate in football, they'll get nowt for him.
     
    YT, Jul 8, 2021
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  8. Sopwith Camel

    Sopwith Camel Well-Known Member

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    That's why they're wanting 30mil for him then..
     
    Sopwith Camel, Jul 8, 2021
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  9. Skryptic

    Skryptic Well-Known Member

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    Can't imagine why anyone would want us to run the club in a similar way.
     
    Skryptic, Jul 8, 2021
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  10. ley

    leythtyke Well-Known Member

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    Dack suffered his first ACL, just as his stock was at it's highest. The only other player worth any significant value would be Armstrong, but he's coming into the last year of his contract and 40% of any fee/profit they get on a sale is due to Newcastle.

    They'll have given big contracts to Downing and Johnson, while decent sized fees and wages given out for Brereton and Gallagher. Not sure who they've sold for any proper money apart from Raya.

    Said during last season, our games showed the league up for what it is. Full of players that cannot pass around an organised press, but still paid ridiculous amounts.
     
    leythtyke, Jul 8, 2021
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  11. arabian_ian

    arabian_ian Well-Known Member

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    The thing is the crazy over valuing of players means they would only have to transfer out a bang average player to wipe out that debt.
    Doubt any club will post a profit atm.
     
    arabian_ian, Jul 8, 2021
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  12. Marlon

    Marlon Well-Known Member

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    Exactly that .
    Also there’s an appeals committee in case they return a verdict that looks like it’s punishing these clubs it can be overturned .
     
    Marlon, Jul 8, 2021
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  13. ley

    leythtyke Well-Known Member

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    Doubt Blackburn have a single player that they can bring in £22m for, unless they can convince Armstrong to sign a new contract.

    In total, the club owe the Venky's £140m
     
    leythtyke, Jul 8, 2021
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  14. Cun

    Cunning Stunt Well-Known Member

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    Chicken feed ........
     
    Cunning Stunt, Jul 8, 2021
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  15. Jack Tatty

    Jack Tatty Well-Known Member

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    You think Dack is Blackburn Rovers most saleable asset? You know very little about football.

    Adam Armstrong is on his final year of his contact and will no doubt be sold thos Summer.
     
    Jack Tatty, Jul 8, 2021
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  16. Jack Tatty

    Jack Tatty Well-Known Member

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    Does a £57million loss over 3 years equate to a points deduction?

    Thought the maximum limit in a 3 year period was £39million.
     
    Jack Tatty, Jul 8, 2021
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  17. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

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    Only for unfashionable teams.
     
    Gimson&theBarnsleys, Jul 8, 2021
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  18. Old Goat

    Old Goat Well-Known Member

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    Points deduction -12
    Appeals panel +6
    Legal challenge +4
    EFL Covid allowance +15
    Crowdfunding +5
    EFL Reverse original point deduction +12

    Blackburn to start on +30 points.
     
    Old Goat, Jul 8, 2021
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  19. Tykeored

    Tykeored Well-Known Member

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    Teams like Barnsley ? :)
     
    Tykeored, Jul 8, 2021
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  20. Cun

    Cunning Stunt Well-Known Member

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    Excuse me ....... we are very fashionable. Flairs, tank tops and brothel creepers with tastles are all the rage in Ponty End.
     
    Cunning Stunt, Jul 8, 2021
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