Steve Waggott says the message from Rovers owners Venky’s remains clear that the club is not for sale.

The chief executive revealed at last night’s supporters consultation meeting that the owners are ‘adamant’ they are not looking to part with a club they took over in November 2011.

Rover’s net liabilities stand at around £110m with the club reliant on funding from the Indian owners.

But Waggott says the owners, who he met during a trip to India last month, aren’t looking to sell the club, or for outside investment.

“The club is not for sale, loud and clear, the owners are motivated to support the club as they continue to do every month,” Waggott told supporters at Ewood Park.

“This is my fifth club and I’m so impressed with the way the owners deliver the funding.

“The big thing was that we are going to try and move away from a benefactor model, with support from the owners, to one of sustainability.

“That means the Category One Academy bringing players through, clever work in the recruitment department, bringing players in, but sometimes that you have to sell, not at the detriment of the squad, but if someone comes in with an unbelievable offer for one of the stars of the team then we reinvest that in to the team and go again.

“The meetings were positives, they (the owners) are really positive.

“The big question, when are the owners going to come back? They said ‘we will come back but at an appropriate juncture’, but I don’t have a definite date.

“The owners are adamant the club is not for sale.

“They don’t need any more investment and they want the status quo maintained.”

Waggott travelled to India last month alongside manager Tony Mowbray, finance director Mike Cheston and club secretary Ian Silvester.

Much of the talk, following the meetings in India and Rovers’ promotion back to the Championship, is on achieving long-term stability.

Cheston added that there was no indication from the owners that they would be looking to call in their loans, which are interest free.

The club are looking for an increase in turnover of 75 per cent having won promotion, with an extra £6million coming from Championship revenue.

There was also a question to Waggott of the possibility of a new contract for first-team boss Mowbray.

He was handed a new deal last summer following his visit to India to meet with the club’s owners.

Waggott was asked whether there were plans to extend the deal of Mowbray, who joined the club in February 2017 when he replaced Owen Coyle.

He said: “Of course there are.

“But Tony is focused on when we kick the first ball on the first weekend of August that everything is place. At some stage when things calm down, and get a bit quieter, I will be having a discussion with him to discuss the future years going forward.

“I’ve been in football management for 15 years and never asked for a new contract.

“You have to try and be good and if people think you warrant a reward then you accept it as it comes along.

“I would never knock on anyone’s door, I’m grateful for what I’ve got and the support network is there behind the scenes for me.”

Elsewhere, it was announced the club are looking to find a replacement for shirt sponsor Dafabet, with discussions currently ongoing with prospective companies.

The new kits are likely to be revealed next month, in time for the first friendly at Hibernian on Sunday, July 8.