Blackburn's parent company procure another cash injection

29 January 2020

BR
Photo: Getty Images Blackburn's Indian owners, Venkatesh Rao and Balaji Rao, attend a match.

Venky's London Limited has raised £5.3 million via a share issue.

Last week, Blackburn's CEO said the club are operating "around the threshold" of Financial Fair Play.

Emil Gjerding Nielson nielson@offthepitch.com

As Blackburn continue the struggle to balance their books, the club's parent company has raised £5.3 million via a share issue, a filing at Companies House reveals.

The only activities belonging to Venky's London Limited, a UK registered company which took control of the club in 2010 and is itself a subsidiary of the Indian conglomerate V H Group, is Blackburn Rovers.

A total of 5.3 million shares have been allotted by the company at £1 each, the filing shows, with 100 per cent of the value being paid at the time of issue.

Threshold of FFP

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