Steve Waggott insists Blackburn Rovers will make more signings this summer with 'two or three' targeted before the transfer window ends.
Rovers have been slow in their player drive this summer after undergoing changes in their recruitment department. Venky's ongoing legal battles have also complicated their desire to improve the squad.
However, having already stated there are no literal restrictions on Venky's funding Rovers, the CEO also stated that there is money available for transfers.
Rovers have spent around £1.2million in fees for Makhtar Gueye and Yuki Ohashi and could recoup a package of up to £1.6m for Sam Gallagher. Considering the sales of Leopold Wahlstedt and Semir Telalovic too, they are in profit for the summer.
READ MORE: ROVERS CEO PROVIDES VENKY'S AND COURT CASE UPDATE
The CEO reiterated that there is a transfer budget, on request, via Venky's and there are plans in place to further bolster Rovers' squad.
"I think at the end of last season, the consensus was the team struggled in four areas," he told RoversTV.
"Leadership, resilience, power and pace. That's something that's been discussed at length with John Eustace. The experience and leadership has been addressed with three players who have enormous league experience.
"We have ticked that box. Resilience-wise, the return of Lewis Travis helps us. Pace and power, Makhtar Gueye has come in, he's a character and I hope he excites all the fans.
"In Yuki Ohashi, he brings a different dimension, a good technical player. He's very good on the ball and we're excited.
"We need more pace and power and more in terms of the balance on the left-hand side and that's what we'll be focusing on in the next few weeks.
"The target is to strengthen with more coming in, two or three. As some come in, young players will go on loan to make sure they get the required minutes to develop their careers."
He added: "Following strong player trading last year, we will show a small profit in our accounts for 2023/24.
"The owners have signed off and approved the 2024/25 accounts and will underwrite all losses which I need as a UK director.
"As I've said before, the player budget has increased and we also have a transfer budget on request. We're in pretty good shape.
"We have to look at how we can generate more commercial income and how we handle the ever-increasing cost base.
"From things to grass seed to utilities, things have gone up by 20 to 30 per cent. That's a challenge but the biggest thing is how do we get a competitive team on the pitch to drive the club forward.
"That is the engine room of any club. We have to make sure we have the most competitive squad for the budget we have, which has increased this year, along with a transfer fund that is there on request from the owners.
"We need to try and build the squad. We have done that with five so far and, hopefully, a few more to come. We want to build on that.
"I think most supporters understand that when you sell a player you don't get all the money in one hit.
"I haven't got a big pot of funds arriving on one hit, unfortunately, though that would be nice to have. We get it over a number of instalments over a number of years.
"Whatever we receive goes into the cash flow and that is balanced through the running of the club. We're looking to increase player wages over the course of 12 months plus we're looking at a pot of transfer funds we can call on requests.
"If we have a player that will cost a fee, we can request that from the owners. So far, they have approved everything we have requested."
Sam Szmodics' future remains up in the air with Ipswich Town yet to agree a fee with Rovers for their top-scorer. The forward has, understandably, said he wants to move to the Premier League.
An exit for Szmodics hasn't been ruled out, though he is back in full training and Waggott wants him to stay.
"It's been a real rollercoaster of a few weeks. We would love Sammie to stay," he explained.
"I have texted him and said nothing would give me greater pleasure than him walking out with the squad against Derby County for the first game of the season on Friday.
"At his age, everyone wants to play at the top level and we get that. At Sammie's age, he's 29 next birthday, the clock is ticking. We have to be aware of his situation.
"From a club situation, we'd love to keep him and spend the rest of his playing days here. The transfer window is open so we'll see how we get on in the next few weeks.
"He is back training with the squad. He's integrated into it and he's picked up in his colourful self. Let's see how we get on in the next few weeks."
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