Last Updated: Fri, 20 Sep 2013 14:23
Managing director Derek Shaw has told Blackburn fans to be patient as they try and get their finances in line with other Sky Bet Championship clubs.
Earlier this week Venky's London Limited, the holding company of Rovers, posted losses of over B£27million for the previous season as the reality of relegation hit home at Ewood Park.
Shaw would not comment on those accounts, seen by Press Association Sport, as he is employed by Blackburn rather than Venky's London Limited.
However, with Rovers' own accounts expected to paint a similarly bleak picture when they are released later this year, Shaw has warned fans that the club has to adjust to life in the second tier.
Last season Blackburn sacked managers Henning Berg and Michael Appleton while breaking their transfer record to sign Jordan Rhodes for B£8million in an attempt to instantly return to the top flight.
This summer, though, their business has been far more prudent with several players brought in on free transfers while higher earners such as Nuno Gomes, Morten Gamst Pedersen and Danny Murphy have left.
"We've done some work in the summer but things take time to come into play," Shaw told Press Association Sport.
"We're working very hard, like many football clubs, to try and get our finances in line with the Championship clubs but there's a lot of overlapping with contracts and the newer contracts we've done are Championship-type salaries
"A lot of the previous salaries that were in place were Premier League salaries but it takes time and it's far from easy."
Rovers supporters were alarmed earlier this month when it was revealed the club spent B£3.5million on agents' fees last season, more than double any other Championship team.
Asked if such figures were a concern, Shaw added: "Without a doubt.
"There's lots of transactions with that, not just incomings. We've had agents who've had to help us with outgoings and a lot of the agency fees were pre-agreed and they had to be paid whether the players were here or not.
"It's something else that we're trying to bring under control."
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