Are Blackburn Rovers in serious financial trouble?

This is what English media has reported over the weekend and that has caused a major stir at the club and around it, then besides fighting relegation the ownership of the Venky's has been criticised severely since the takeover in November 2010.

Venky's many say have done a lot wrong with criticism from fans, pundits and even sponsors; which has put the club in trouble. Now the troubles seem to have reached a new level with the club having to pay back a 10 Million Pound loan without which salaries from February onwards cannot be guaranteed.

But in a statement the club has vehemently denied this. The statement from Finance Director Karen Silk says

There was a report in "Mail Online" and the Mail on Sunday newspaper last weekend that Blackburn Rovers is heading for a financial crisis and facing a financial meltdown - and that the players and staff wages are in danger.

We strongly refute this story. There is no financial crisis, and, there is absolutely no danger to the players' and staff wages.

Amongst all professional football clubs, finances are regularly assessed and reassessed during the season based on performance, income and costs, and at Blackburn Rovers this is no different.

Barclays Bank and Blackburn Rovers have enjoyed a long relationship over many years and are currently in constructive dialogue about how the bank, along with the owners, can support the club for many years to come.