[Archived] Blackburn Rovers balance sheet

[rovers11]

Venkys have reported we made a £27m loss last year but "will continue to fund the club"

[bluebruce]

Jesus...well that's unsustainable with the FFP...I doubt we have saved the majority of that this year as would be needed (though no 8 million purchase of Rhodes will have helped...though if I recall rightly that wasn't all up front and is an ongoing cost of about 2 mill a year?).

Source?

[The Rover of Finland]

Venkys have reported we made a £27m loss last year but "will continue to fund the club"

Wonder if they have ever thought the fans weren´t wrong in such many occasions. Sacking Sam was a huge mistake but keeping faith on Kean so blindly was pure idiotism. It cost us the PL status and so many stupid transfers for both ways. The fans told you so.

[Mullionvagrant]

£27m loss is other people's gain.

[Ben-2000]

Seriously, what are they doing here?

They buy a club, run it into the ground & lose a massive amount of money.

The sooner they try and re-coup some of their losses by putting the club up for sale, the better!

[SIMON GARNERS 194]

They are clueless,absolutely f'kin clueless,unsustainable losses...financial ruination at this rate within three years.

[rhodie]

[SIMON GARNERS 194]

Wonder if they have ever thought the fans weren´t wrong in such many occasions. Sacking Sam was a huge mistake but keeping faith on Kean so blindly was pure idiotism. It cost us the PL status and so many stupid transfers for both ways. The fans told you so.

The fans told them a Million times and then a Million times again..the arrogant sods chose to stick their noses up to everyone and just turn up in their RAJ Rolls Royces.

[Proudtobeblue&white]

Fools and their money.........obviously have so much they don't care (yep), and after the immediate dream(s) were dashed by the robbers and con men, it didn't matter as they lost interest......apart from the affair between the idiot and his ma'am!

[Al]

Jesus...well that's unsustainable with the FFP...I doubt we have saved the majority of that this year as would be needed (though no 8 million purchase of Rhodes will have helped...though if I recall rightly that wasn't all up front and is an ongoing cost of about 2 mill a year?).

Source?

There is a difference between P&L and cash. Whether or not we have paid for Rhodes the liability will appear in the accounts. Never confuse cash with profit and loss.

[philipl]

And Dan Grabko was absolutely savaged by some when forecasting a loss quite a bit smaller than this.

Wouldn't be surprised to find that one or two accounting tricks have been used to keep the headline number under £30m.

[Proudtobeblue&white]

Bbc lancs stating club will not comment as it's none of their business, now it's Wenkys London Ltd. So far removed from what we were....sad

[PLJPB]

Radio Lancashire just reported its Venkys London Limited accounts to 31st March 2013

[Proudtobeblue&white]

Coming back into it, but toothless, Radio saying JR v quiet. We need plan b, no Mardy arse big striker.....but nothing on bench to inspire confidence,. Derby now 2-1 up at Notlobs!

Sorry, wrong thread!

[bluebruce]

There is a difference between P&L and cash. Whether or not we have paid for Rhodes the liability will appear in the accounts. Never confuse cash with profit and loss.

Ey? I'm not doing? The liability might be in the accounts but surely money we haven't spent yet isn't going to show on the losses? I'm quite sure the financial fair play rules will only take into account costs versus turnover.

[Atomicrover]

Doesn't FFP rules allow a £38m running loss including allowances for players wages signed before 2010? How will clubs like Man City et al go on with £100m+ posted losses?

[den]

It would be nice to have the situation explained clearly to the fans. They could win back just a tiny bit of credibility if they did.

[Rover_Shaun]

Any links to this for spreading the word?

[Al]

Ey? I'm not doing? The liability might be in the accounts but surely money we haven't spent yet isn't going to show on the losses? I'm quite sure the financial fair play rules will only take into account costs versus turnover.

Yes it does. Whether paid or not it is owed and therefore in the Profit and loss account. I do not know about FP rules but I do know how to prepare accounts. You are doing what a lot of people do and confusing cash with profit.

[Rover_Shaun]

Wrong topic

[bluebruce]

Yes it does. Whether paid or not it is owed and therefore in the Profit and loss account. I do not know about FP rules but I do know how to prepare accounts. You are doing what a lot of people do and confusing cash with profit.

I'm not confusing them at all. I know exactly what they are, and that they are different things. I don't know necessarily how accounts work for these sort of things, since I assumed accounts are yearly and therefore about the actual monetary influx that year rather than accruement of debts, but that's not the same as not knowing the difference between cash and profit. Cheers for the clarity though.

[thenodrog]

27m! Wow! What a surprise! ....... Not.

Dastardly and Muttley have taken the Indian goons to the bloody cleaners right enough. What is it they say about fools and their money? Problem is if they pack up and cut their losses it's no more BRFC like as not. Looking on the bright side Burnley not being able to beat us will last to eternity and beyond.

[Sandiway Blue]

And this is with the first year of parachute payments? Frightening....

[Ozz]

We could be liable for over £8 million in performance related payments on current players. Wonder where most of that is loaded.

[Mike E]

Two things (I may be barking up the wrong tree):

1. 'Last year', so that's between about a dozen severance packages, deadwood wages and agent fees. LAST year. Doubt this year it will be half that figure if Venkys simply leave the current people to do their jobs.

2. If it's Venkys London Ltd, disregard the above as it's nowt to do with us in terms of footy. Surely like bet365 going under wouldn't affect FFP from Stoke's POV?

If I've misunderstood I apologise.