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The Lancashire club had their relegation to the Championship confirmed on Monday after a 1-0 home defeat to Wigan, and reports suggest the club could be facing financial meltdown

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Blackburn owners Venky’s are set to enforce huge cutbacks and redundancies in an attempt to avoid administration, according to The Telegraph.

The Lancashire club’s relegation to the Championship was confirmed on Monday following their 1-0 defeat to Wigan at Ewood Park.

At the final whistle furious demonstrations ensued from the home fans with many running onto the pitch to voice their anger at Steve Kean and the owners.

Yet, reports suggest the club’s problems stretch beyond their relegation, with certain sections of the media suggesting Rovers could be set for administration.

Venky’s are said to be preparing a huge overhaul at the club, with many of the Lancashire outfit’s employees now facing redundancy.

The club's owners are also weighing up whether to sell off the club's academy training facilities and pitches at Brockhall Village in order to create an opportunity for housing developments.

In addition, despite the parachute payment they will receive from relegation, Rovers are also expected to offload many of their star players.

Junior Hoilett is said to be attracting interest from Premier League sides, despite Steve Kean’s insistence the club are nearing a new contract arrangement. Paul Robinson, Steven N’Zonzi and top goalscorer Yakubu’s futures are all also in doubt.

News surfaced earlier in the week that a recently leaked letter, dated December 21, from Rovers’ deputy chief executive Paul Hunt to the club’s owner Anuradhu Desai urged the immediate sacking of Kean in a bid to avoid relegation.

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