Blackburn's parent company procure another cash injection
29 January 2020
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.
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
Do you want to read this article?
Get instant access by signing up for a 14-day free Premium trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.
Already a standard subscriber? Upgrade here