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 Blackburn facing £10m demand

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Posh
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PostSubject: Blackburn facing £10m demand   2011-12-11, 15:58

Premier League strugglers Blackburn are heading for a financial crisis that threatens the future of the club
after their bankers, Barclays, handed them a £10million ultimatum.

Players face having to go without the club paying their wages because of the demand from Barclays,
the sponsors of the Premier League.
Coaching and scouting departments at Ewood Park were told last week that budget cuts and possible job losses are on the way as the club face the threat of financial meltdown in the New Year.



Troubled times: Anuradha Desai (left) poses with Venkatesh and Balaji Rao


The crisis is the result of Barclays running out of patience with the failure of Venky’s, the Indian poultry
conglomerate who own the club, to honour contractual obligations made when they bought Rovers in November last year.


Barclays say the club must deposit £10m in their account by New Year’s Eve or the bank will refuse to
extend the credit needed to pay the players’ wages beyond January.
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WHUFC Wilko
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PostSubject: Re: Blackburn facing £10m demand   2011-12-11, 16:35

Thats alot of chickens they need to sell Laughing
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the deeb
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PostSubject: Re: Blackburn facing £10m demand   2011-12-11, 20:47

Someone's going to tell them to get stuffed soon.

The problems of accepting the highest bidder, no matter their history of sports ownership, is here for all to see



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