Blackburn Rovers have appointed Sreenivasa Rao as a Director of the club.
Rao has worked within the Venky’s group for over 35 years and is currently the General Manager of Finance for Venkateshwara Hatcheries Private Limited (VHPL). That is the parent company for Venky’s London Limited which owns Blackburn Rovers.
Rao will work within the current management structure and is a trusted ally of the Venky’s. Considering the geopolitical financial issues that have arisen in recent months, it’s assumed Rao will work with the board to help manage the club’s finances.
New tax laws in India have restricted the owner’s spending power in the UK. That had a knock-on effect on Rovers’ summer business and all finances throughout the club are being scrutinised, as a result.
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Chief Executive Steve Waggott revealed that funds were being split between on and off-field overheads to ensure Rovers operated with no disruption. Despite the financial issues, the club spent transfer fees to bring in Leopold Wahlstedt and Semir Telalovic during the transfer window.
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