Report this comment
  • "
    TurfMoorTom wrote:
    How about accounting for the £35m loss for the extra-fingered-short

    -of-brain-cell lot down the M65 that keep harping on about FFP

    £35m loss last financial year

    £7m Portuguese lot – all stemmed
    £11m transfer fees for Best and Rhodes – exceptional purchases, assume transfers otherwise balanced the books (either way cash positive investments have since been made)
    £4m Managerial pay-offs (Berg & Appleton + their staff)
    £2m Murphy wages and subsequent pay-off
    £2m Pederson contract termination (good lad)
    £2m Reduced running costs (scouting, office staff etc)
    £6m Best, Etuhu, Campbell & Goodwillie wages – still need to be cleared
    £1m Hendry & Singh contracts – still need to be cleared

    Hopefully this stops them recirculating this £25m loss once and for all. We all know the final deadwood needs to be cleared, until then Venky’s need to put their hand in their pockets. Truly shocking what they did selling off an established Prem squad and blowing the income and parachute payments on what they did, but at the end of the day that’s where we are.
    Ah Tom, you never fail to make me laugh at you, the most deluded of all no-dads.

    Your wage bill alone for the last accounting period was over £36million!


    Since then to your credit you have moved on the high-earners of Murphy, Gomes, Pedersen, Givet and Dann. So let's average it out and say that equates to an annual salary saving of 5 players x £25k per week = £6.5m, give or take.

    The remainder of the players released were loans who have since returned and primarily youth and/or development/backup players on lower salaries, so let's say 10 players released at £3k p/w for a further (optimistic) cost saving of £1.5m. All good so far....

    However, what you conveniently forget to include are all the NEW contracts that have been taken on over the last year, and there have been many. Bowyer has brought in a total of 21 players, some of these on loan, some permanent, and I may be wrong but none of these will have been offering their services for free. There are wages, bonuses and loan fee's to pay, in addition to the percentage of loaned-out player salaries that your club has also been funding, i.e., loan out a player and pay him, loan-in a player and pay him too, bizarre but true. Sheffield Wednesday were reportedly paying only a 6th of Leon Best salary during his loan spell! You couldn't make up such financial mismanagement.

    With the exception of Rhodes, reported to be on around £40k a week, the contracts handed out over the last season or so have been more in line with Championship averages, so let's say 8 players recruited at an average of £12k p/w for a total annual expenditure of £5m.

    From these reasonable figures, and considering that you are still funding a large number of obscene contracts for non-players, i.e. Etuhu, Best, Campbell, Goodwillie to name but four, it is therefore likely that your actual cost savings on the wage bill run to something in the region of only £3m.

    Now lets say you manage to shift a couple of your tumours, say Etuhu and Best, (unlikely to happen but hear me out), then you could realistically add a further wage bill saving of £3m, bringing your total overall saving to around the £6m mark.

    Your wage bill then stands at somewhere in the region of £30m, with the maximum allowable loss being just £3m. Not looking so good is it?

    Of course there are also general running costs, the reduction in parachute payments to account for (£8m), reduced commercial income, reduced sponsorship coming into the club, and I'm sorry to break this to you but media revenue for Championship clubs is actually £2m for all clubs, according to Deloitte.

    So I think its quite clear that your massaging of the figures to make yourself feel better is only masking a truth that is somewhat shocking.

    Blackburn Rovers WILL have to make cost savings in the region of £25million to align with the FFP rules and until such time they will be placed under a transfer ban preventing players being brought into the club. You will be forced to utilise your youth team as players continue to be sold and contracts paid off to off-set the massive loss for 2013/14.

    As a result I see no possible way that you will continue to hold on to assets such as Rhodes, Cairney, Hanley, and possibly Gestede over the coming months.

    Should all four be sold at market value bringing in say £12m total plus a further £4m salary saving, then you will still be falling short of FFP compliance by approximately £10million! This is the reason why your club has openly stated compliance will take another two summer transfer windows to achieve. You have to hope that none of your saleable assets pick up serious injuries or the process could take far longer.

    Ultimately you will struggle to compete once these changes are underway and I can only realistically see you being able to put out a bottom half of the Championship side at best, which given the need for a further £10million cost saving next season could see you relegated to League One before the transfer ban is lifted, the question is, will Venky's continue to keep you afloat at this point or will they simple write off this horrific mistake and depart with Blackburn Rovers in administration?

    There are indeed some difficult times ahead Tom, and deep down you know it. Venky's have massacred your football club, and there will simply be nothing left when they depart. A sad end to Blackburn Rovers."
  • This field is mandatory
  • This field is mandatory
  • Please note we will not accept reports with HTML tags or URLs in them.

  • Enter the above word in the box below

Busy summer ahead for Rovers boss as he balances books

Gary Bowyer

Gary Bowyer

First published in Sport
Last updated

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.”

Comments (95)

Please log in to enable comment sorting

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree