Football: Rovers handed £80m windfall

Blackburn Rovers have been handed an £80m windfall, courtesy of the late Jack Walker.

At the club's 125th AGM it was agreed to convert £80m, loaned to Rovers by Walker, into shares.

Rovers chairman Robert Coar said: "This significantly strengthens the club balance sheet and proves beyond any doubt that Jack Walker was in for the long term."

The chairman confirmed the new arrangement would underpin Rovers' determination to reach the Premiership.

He said: "That was our objective from day one and it remains our objective."