Increased loss at Blackburn Rovers despite promotion to the Championship
2 January 2020
Despite promotion to the Championship in 2018, and an increased turnover as a result, Blackburn's bottom line has not improved.
Along with the promotion, the club's 2019 fiscal brought about rising costs, resulting in a bigger loss for the year.
A leading cause is the expense of wages and salaries, where Blackburn's turnover-to-wage ratio has remained consistent at 154 per cent.
The 2018 promotion from League One to the Championship has not helped Blackburn improve on the financial side of things.
In fact, as the club's owner, Venkys London Limited, reported an increased loss before taxation of £4.3 million, from £15.2 million in 2018 to £19.5 million for the year ended 31st March 2019, the contrary holds true.
Venkys London is a part of the Indian poultry company Venky's, who took charge of the club in 2010.
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