Venkys London share allotment in Blackburn Rovers rises by another £5.2m
Venkys London Ltd, the owner of Blackburn Rovers, has increased its shares in the club for the third time in recent months.
Companies House accounts show £5,250,000 worth of shares were allotted on May 19. This takes the total figure since taking control of the club in November 2011 to just over £202m.
This is the third transaction made by VLL in the last year.
In February it increased its share by almost £7m and before that for £6m in September last year.
VLL became the first Indian company to own a Premier League club after paying £23m for a 99.9% stake in Blackburn Rovers a decade ago.
This month Rovers would have gone a year without any matchday revenue at Ewood Park, with revenue streams hit by the coronavirus pandemic.
Its latest accounts filed with Companies House show VLL has been operating at a loss.
For the year to the end of March 2020, it showed pre-tax losses of £20.8m. Its accounts for 2020/21 are yet to be filed.
Rovers have until June 30 to submit their accounts to Companies House or risk seeing their registration embargo extended, per EFL regulations.