THE share capital of Blackburn Rovers’ parent company, Venky’s London Limited (VLL), has increased by almost £6m in the last two months.

VLL, who own a 99.99 per cent stake in Rovers, have now issued share capital of over £132m, an increase of more than £8.5m in the last 12 months.

That follows the latest allotment of £5,794,156 worth of shares between March 23 and April 19, the details of which were released on Companies House website this week.

It also includes a £666,000 share issue in February and a previous £2.1m in September 2016 since VLL last filed their accounts in March 2016.

The news was released in the same week it emerged that Venky’s had brought in accountancy firms KPMG and Deloitte to carry out an overview of the club following relegation.

Each of the accounting giants will conduct individual reports on all aspects of the club over a four-week period at Ewood.

The one-off move to bring in Deloitte and KPMG is designed to look at operational efficiencies as well reviewing revenue streams.

Rovers will face a big reduction in their share of television money after relegation, down to around £1m from £6m, next season, and they will also need to plug the gap in loss of revenue, which stood at £22m in the club’s latest accounts which were published in February.

The club were compliant with Financial Fair Play (FFP) last season, but will be governed by Salary Cost Management Protocol (SCMP) in League One next term.

League One clubs will be able to spend a maximum of 60 per cent of their turnover on wages, though the salaries of players under 20 who have come through the club’s academy will not be counted in that.

Rovers’ wage spend was cut this week with news that the club had released six first-team players, including captain Jason Lowe.

The club’s five loan players have since returned to their parent clubs, leaving Rovers with 15 players under contract for next season who have already represented the first-team.

In the most recent VLL accounts, published in January, the club’s Indian owners admitted VLL would require ‘significant funding’ in the year ahead, but confirmed that parent company, Venkateshwara Hatcheries Pvt. Ltd, would be able to provide financial assistance.

That was regardless of whether the company’s bank facility, provided by the State Bank of India, was approved when up for renewal in March.

VLL reduced losses by more than £30m for the year ending March 2016, down to £2.8m from £35.1m in the previous year.

The drop in losses was boosted by a £17.3m profit on player sales with the big-money departures of strikers Jordan Rhodes to Middlesbrough for an initial £9m in 2016 and Rudy Gestede to Aston Villa for £6m in 2015 included.