venky\s no problem with bank
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Venky's: No problem with bank

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Almaghrib Today, almaghrib today Venky's: No problem with bank

London - Arabstoday

Blackburn Rovers owners Venky's have denied a newspaper report claiming the club's future is at risk.The Sunday Telegraph reported the owners as under pressure from Barclays Bank to provide a £10million equity injection to reduce their reliance on an overdraft, which is currently being used as working capital.The urgency of the issue was said to have been heightened by Blackburn's poor form, just two Premier League wins out of 15 meaning the spectre of relegation looms large, and a club forecast of a £10million gap between income and operating costs by the end of the season. "There is no truth in reports that the club's future is at risk or that there is a chance the players will not get paid," a Venky's spokesman told the Lancashire Telegraph on Monday."We have a good relationship with the bank and I don't know where these stories come from."Blackburn manager Steve Kean had also dismissed the newspaper claims in the wake of Sunday's 2-1 defeat by Sunderland, which saw Rovers concede a 90th-minute Seb Larsson winner."I don't know anything about that at all," said Kean. "It is the first I have heard of anything like that."

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