Blackburn Rovers have reported a loss of £10.4m loss during the 2024-25 season – but is it as bad as it seems?
The club has seen an uptick in their generated revenue but are spending 114% of those funds on player's wages and have also reported operating losses of £21.4m, with just £13m profited from player sales.
"The money coming into the club has gone up by 11% but the wages bill went up by the same amount and as a result of that they lost probably about £400,000 a week," football finance expert Kieran Maguire told BBC Radio Lancashire.
"If you take a look at the auditors' report that has specifically said that if the Venky's cannot extract money from India, we've got a big problem – but it looks like the recent pronouncements are a little more positive in that sense.
"I think the way to look at a football club owner, it's a bit like being the bank of mum and dad. It's this constantly willingness to provide the football club when the wages need paying every month."
The Championship's financial crisis has been attracting attention after Portsmouth owner Michael Eisner spoke out about it’s unsustainability.
However, given the context within the second tier, Rovers' losses are comparably tame.
"By Championship standards, it wasn't that bad," Maguire added.
"I think that's indicative of just how inoculated we all have become to football as a loss making industry and you don't have to be Dizzee Rascal to know that the finances of the Championship in particular are best described as completelyBonkers."
Listen to the full interview on BBC Sounds
Listen to more Blackburn Rovers content on BBC Sounds
- Latest Blackburn Rovers news, analysis and fan views
- Listen to Blackburn Rovers content on BBC Sounds
