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  • "
    owd nick wrote:
    RobH2O wrote:
    So, Current systemic losses running at £26m per season. You can run at a total loss of £6m this season, reduce your wage bill to 85% of turnover and you avoid FFP in January. This means you've to shift £24m of costs and assets to make it.

    I'm a disappointed dingle! I Banter aside, this is do-able. Sell your best three players for full market price and raise, say £15m. Then use a small chunk of the proceeds along with the £6m loss allowable and replace the players. The purchase of Gestede shows GB has an eye for this.

    My guess is you are left with about £12m FFP shortfall. If Venky converts £12m of its loan stock to equity then tally-ho; job sorted.

    So, it all rests with Venky stepping up to the plate.........
    Fair comment but I don't think we will get full market price for any player, even Rhodes, because for smaller clubs the transfer market which was once their lifeline is going to get severely depressed if the rules are applied to the letter.

    We can see what is happening with the likes of Best, Etuhu and Campbell etc; sitting tight with their salaries guaranteed, they know that Rovers are their last big payday and putting them on the transfer list isn't going to matter one iota, unless Rovers can find a way of paying them off they are going nowhere.

    Rovers can do quite a few things; and having moved on around 30 players last season they have probably done everything they can possibly do with the playing staff under the circumstances, but that is one hemorrhage they can't staunch until their contracts run out.

    BTW; i was told recently that the Portuguese contingent that Shebby signed were each on around £10k a week, others who have gone were on significantly more.

    I don't know how true this is but it was from a good source, thankfully they are all gone now and if it was the case that is a significant saving, he estimated in the region of £7 million + pa.

    The total saving in salaries probably close to £15 million as an absolute minimum, of course you have to offset some of that with the salaries of the players brought in.

    I am pretty certain that Venky's, as well as the owners of other clubs in a similar position are working on it behind the scenes, contrary to popular belief billionaires aren't stupid all the time.
    I was told £600k/month for the Portuguese lot. All now gone, all losses now ceased.

    Why the Dingles continue to harp on about this mystical £25m and continue to recycle old losses from managerial pay-offs, buying Rhodes every season etc is beyond me though understandable with their dreams and intelligence level.

    By my reckoning, this is where we are:

    An embargo doesn't mean Rovers need to sell, they just wouldn't be able to buy. To become sustainable perhaps Best and Etuhu need to stop draining £2m a year each out of the club and get some self repect by moving on. Other than that, if Venkys are willing to put £5m in as they are allowed (why/when was this reduced t £3m as given in this aricle?) then from what i can make out it's game on for next season:

    Next season income is:
    Championship TV £3m
    Gates (avg 13000 @ £15) £4.5m
    Sponsorships say £3m
    Last parachute payment £8m
    Venkys (guilt money!) £5m
    Total income = £23.5m

    Next season outgoings
    Wages £20m (29 players on an average £13k/week)
    Running costs £3.5m

    Basically, Venky's £5m injection will need to cover the wages of the poor past aquisitions by their own advisors (Best, Etuhu & Campbell).

    Admittedly after next season, once the last parachute payment is gone then there will need to be some more restructuring, but not before. Either way we're not that far away, and certainly not £25m."
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Busy summer ahead for Rovers boss as he balances books

This Is Lancashire: Gary Bowyer Gary Bowyer

GARY Bowyer says Blackburn Rovers face a ‘big summer’ as they bid to avoid financial fair play sanctions in January – but he expects less transfer activity than a year ago.

The Rovers boss knows he faces a delicate balancing act this summer as he bids to reduce the club’s wage bill again, while bringing in players to improve results.

Rovers have already put six players – Leon Best, DJ Campbell, Dickson Etuhu, David Goodwillie, Alex Marrow and Jordan Slew – on the transfer list and must move on some of their high earners before the Football League’s new financial fair play regulations come into force.

Clubs falling foul of the rules face a transfer embargo from January onwards, and Rovers have been shedding players for some time in preparation for the new regulations.

“It’s going to be a big summer for us because obviously financial fair play comes in,” Bowyer said.

“We’re aware of what we’ve got to do and we’re trying to implement that now.

“We’ve released quite a few players throughout the course of the year, I think it’s been 26 in total.

“We’ve made inroads on that wage bill but we’re not kidding ourselves, we know it’s still got to be addressed.

“But at the same time we’ve got to make sure we’re still competitive, as we were last season.”

Discussions are ongoing between clubs and the Football League over possible changes to the rules, but as things stand Rovers will face a transfer embargo in January if they post a loss of more than £3m for the 2013/14 – with a further £3m loss permitted via shareholder investments.

Rovers have significantly reduced their wage bill by moving on the likes of Danny Murphy, Nuno Gomes, Morten Gamst Pedersen, Gael Givet and Scott Dann in the past 12 months.

But the club announced a pre-tax loss of £36.5m for the financial year ending June 30, 2013. The club’s wage bill stood at £36m at that stage.

Bowyer still wants to add players this summer but does not expect the same number of signings as 12 months ago, when the newly appointed manager was reshaping his squad to fit his own ethos.

“Last season I think we brought 14 in during the summer and I don’t think we’ll be doing that again,” he told Rovers Player.

“But we fell short of the play-offs so we feel we need to add a little bit more.”

Bowyer’s plans for next season are already being formulated and he hopes the positivity of a 12-match unbeaten run at the end of the 2013/14 campaign can be retained.

“I’d like to think there’s a lot more positivity about the place at the moment,” he said.

“We still feel there’s a hell of a lot to do both on and off the pitch.

“We’ve laid the foundations for things to progress and hopefully we can do that this summer and go again.

“Going into the final game the message to the players was just win the game.

“It was important because they’re away on holiday now with that feelgood factor, with that 12-game unbeaten run.

“I’ve had four days away with my wife so the season has started now for me.

“As soon as the season finished you’re straight back at it looking at the start of the next one coming.”

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