Blackburn Rovers deny financial crisis, Steve Kean agrees
English Premier League side Blackburn Rovers have denied rumours that they are currently undergoing financial difficulties. The club issued a statement claiming that they were on tract as far as finances were concerned and there was nothing to worry about.
Blackburn http://www.senore.com/Football-soccer/Rovers-c40385 are owned by Indian poultry giants Venky’s and they were quick to post a statement on their website regarding the rumours. The finance director Karen Silk claimed there were no financial troubles and the owners were still in control of money
matters.
The statement read:
“There is no financial crisis, and, there is absolutely no danger to the players' and staff wages.
Amongst all professional football clubs, finances are regularly assessed and reassessed during the season based on performance, income and costs, and at Blackburn Rovers this is no different.
Barclays Bank and Blackburn Rovers have enjoyed a long relationship over many years and are currently in constructive dialogue about how the bank, along with the owners, can support the club for many years to come.”
Some sources broke the news that Venky’s had received a demand from the bank to help pay off the club’s debt, which had risen since the new owners had taken over. The demand was for £10 million, something manager Steve Kean denied knowledge of.
Kean has other things to worry about; Blackburn Rovers are currently second from bottom in the English Premier League table. They have managed to secure just 10 points from their opening 15 fixtures, having won two games, drawn four and lost nine.
Since their takeover, this is one of the many issues Venky’s have had to deal with. Apart from the declining form and popularity of Kean there now seems to be financial difficulties. The owners have tough decisions to make in the future if they wish to save
the club from relegation.
Kean’s departure is imminent. While he managed to hold on longer than Steve Bruce, the former Sunderland manager, he has actually done worse than the Englishman. His removal could pave way for further changes in the team and management, which would handle
the finances better.
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