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Tuesday, July 17, 2018

Venky’s have left Blackburn Rovers in financial chaos,claims British paper

The players have made just four league starts this season,and three are now on loan at other clubs.

Written by Express News Service | Mumbai | Published: April 13, 2013 1:05:48 am

In another twist to their tumultuous reign at Blackburn Rovers,the club’s Indian owners Venky’s have been accused of creating ‘financial chaos’ by a British paper.

The Daily Mail reported earlier this week that the club’s global advisor Shebby Singh has spent millions of pounds on a succession of disastrous signings. Singh arrived at Ewood Park in June 2012,and despite his limited understanding of the transfer market,the paper claimed the Malaysian recommended payments of more than £600,000 in agents’ fees to sign five unknown Portuguese players.

The players,between them,have made just four league starts this season,and three are now on loan at other clubs. The investigation further revealed that that Blackburn,who could end up in League One next season,are burdened with a group of 13 players whose combined wages and agents’ fees will cost the club £30million over the length of their contracts.

Hefty sums to Agents

The payments made to agents by the club,third from bottom in the Championship and in danger of a second successive relegation,are staggering. One agent received more than £1m for acting on behalf of clients Danny Murphy,Dickson Etuhu,Leon Best and loan signing Colin Kazim-Richards,according to the report.

It’s a similar story with the signing of the Portuguese unknowns. For instance,agent Marcos Oliveira was paid £100,000 when Edinho Junior was signed for Rovers. Junior,who has played just one game for the Rovers,is loaned out to I-League club Shillong Lajong. The other unknown Portuguese players who were signed by the club but were hardly played include Diogo Rosado,who was signed from Sporting Lisbon,Nuno Henrique Goncalves,a 26-year-old defender,midfielder Fabio Nunes,former Portugal striker Nuno Gomes and midfielder Paulo Jorge.

Singh,who has seen Steve Kean resign as manager before the sacking of Berg and Michael Appleton this season,also authorised huge wages for players with Premier League experience.

Agent Neil Fewings earned £1m from the transactions taking Murphy and Etuhu from Fulham,the acquisition of Newcastle forward Best,and the loan deal for Kazim-Richards from Galatasaray. Murphy has made 33 Championship appearances and started for the first time in a month in the 3-0 defeat at Cardiff on April 1. He is on £35,000 a week,with Etuhu on £30,000 a week.

The club officially refused to comment after being made aware of the precise content of the transactions while Singh did not return calls,the paper claimed. The report further added that they gave the financial details and the names of the agents to chief executive Derek Shaw and club secretary Ian Silvester on Tuesday. Both declined to comment.

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