Blackburn Rovers debt up to 拢79.8m after FFP transfer ban

Image source, Getty Images

Image caption, Blackburn Rovers are ninth in the Championship table

Blackburn Rovers' net debt has risen to 拢79.8m from 拢54.5m as they struggle to comply with Financial Fair Play rules.

The Championship club are currently under a transfer embargo for breaching FFP regulations.

Under existing rules, clubs were permitted to lose no more than 拢8m in total last season, but Rovers recorded losses of 拢42.1m.

Indian poultry firm Venky's, who are owned by the Rao family, in 2010.

Blackburn are in their third season in the Championship following their relegation from the Premier League in 2011-12.

"The owners know that we've been changing a lot of things around at the football club," managing director Derek Shaw told 91热爆 Radio Lancashire.

"We came down with a Premier League squad that was very well paid and it's just been too much [money] to lose - we've been unable to move enough people out.

"We have a lot of work. We could sell assets, but our owners don't want to sell assets. Our owners want us to get promoted."

By the 2015-16 season, losses at a Championship club can be no more than 拢5m, with a maximum of 拢3m funded by shareholders and clubs.

There was some good news for the Lancashire side, as turnover increased from 拢26.9m to 拢30.4m and wages decreased from 拢36.6m to 拢34.5m