The club’s owners aren’t generally appreciated, but they’re actually aiding the club a lot, according to Maguire. Football finance expert Kieran Maguire feels Blackburn Rovers would be better off with their existing owners, the Venkys, than without them.
The club’s fans have a negative attitude toward the Indian owners, as seen by the numerous protests they have staged during their tenure.
They not only feel unhappy, but also confused.
The Venkys have made absolutely no profit from this enterprise. According to the Lancashire Telegraph, owning the club costs them £20 million per season, and they have lost £200 million since then.
took over in 2010. They have had difficulties transferring money out of India and into the club as a result of inquiries into their global corporation, but there have been no problems with delayed payments or anything of the sort.
Previous reports have stated that they do not wish to sell the club, and Maguire, a football finance expert at the University of Liverpool, believes that Blackburn is better off with them in charge.
Kieran Maguire’s Blackburn and Venkys admission The football financial specialist feels Rovers need owners like the Venkys because of the money they consistently invest in the team each season.
Maguire told Benjamin Bloom, “Blackburn and Venky’s, we have this conversation every year; nobody understands why they do it.
“They haven’t seen a match at Ewood Park in nearly a decade. Do they face obstacles in India? Yes, they do, but the club appears to be paying the expenses on a monthly basis.
“It is unclear what Blackburn Rovers’ long-term goals are. My concern for Blackburn is that if Venky’s is replaced by someone else, would they be ready to invest £1 million per month in essentially subsidising the club?
“It appears to be a tricky position with Sam Szmodics. “People will be sniffing around in the Championship and elsewhere.” Blackburn are in a turbulent situation.
Some of the data from Rovers’ most recent set of accounts, for the 2022/23 season, were bleak. On top of the £23 million in losses, they revealed that the club had borrowed more than £140 million. Wages had also increased by six percent from the previous season, reaching £26 million.
If the team sells the aforementioned 23/24 Championship top goalscorer, Szmodics, it could benefit its financial situation significantly. The Irish international has a massive £20 million price tag placed on him. They will also reap the advantages of selling Adam Wharton to Crystal Palace for £18 million in January, which might increase to £22 million, according to Alan Nixon. Even with these further cash infusions, there is still a lot of doubt about how long the Venkys can continue to operate at a loss and bear the brunt of it. If they remove the plug, Blackburn could get sucked down the drain.
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