Venkys London share allotment in Blackburn Rovers rises by another £5.2m

Blackburn Rovers Ewood Park - © Chris Heaton

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.

 

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