Venky's are expected to announce a £18.6m loss in their first year in charge at Blackburn Rovers. £13.8m went on transfers and agents' fees and £4.8m was incurred in costs including pay offs to sacked manager Sam Allerdyce and other senior staff. The total payroll at the club is around £50m.

Although the ambition of the Indian conglomerate was to turn Blackburn Rovers into a top Premiership club, should they be relegated Venky's have apparently pledged that further funding would be available. In the meantime it is appears to be yet undecided what funds will be available in the January transfer window to avoid relegation.

House of Commons Thursday 15 December 2011

Oral Answers to Questions The Secretary of State for Culture, Olympics, Media and Sport was asked aboput football governance.

Asked by Tom Greatrex (Rutherglen and Hamilton West) (Lab/Co-op):

What recent assessment he has made of the potential role of supporters in football governance?

http://www.publications.parliament.uk/pa/cm201011/cmhansrd/cm111215/debtext/111215-0001.htm

 

• Concern at third‑party ownership effect on financial fair play

• English and French want practice outlawed across Europe

The Premier League will join forces with Ligue 1 to lobby Uefa over the issue of third‑party ownership and its effect on financial fair play rules.

The Premier League has made representations to Uefa over the fact it believes third‑party ownership, banned in England and France but allowed across most of Europe, unfairly tilts the scales of the FFP regime that came into force this year. It has now agreed to work together with the top division of the French football league with a view to lobbying Uefa over the issue, believing that it poses a threat to the integrity of competition and potentially puts English and French clubs at a disadvantage to their European rivals.