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Rovers dismiss cash crisis reports

13 Dec 2011 18:46:54

Rovers dismiss cash crisis reports

Blackburn have denied reports they are on the verge of a financial crisis.

The Barclays Premier League strugglers, who are owned by Indian poultry giant Venky's, posted a statement on their official website insisting the club does not have money worries.

The statement, on behalf of finance director Karen Silk, read: "There is no financial crisis, and, there is absolutely no danger to the players' and staff wages."

It continued: "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."

Reports emerged over the weekend claiming the owners had received a demand from the bank to pay £10million to help to pay off the club's debts.

Manager Steve Kean insisted he know nothing about such a situation following Sunday's 2-1 defeat at Sunderland.

Blackburn sit second bottom of the Premier League table with 10 points from 15 games.


PA

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