Alan Shearer season. Speculation of a transfer to Liverpool, who finished the season as FA Cup winners, also came to nothing. During the middle of 1992, Southampton's manager, Ian Branfoot, became "the most popular manager in English football", as he took telephone calls from clubs "trying to bargain with players they don't want plus cash". Although Branfoot accepted that a sale was inevitable, he claimed that "whatever happens, we are in the driving seat". In July 1992, Shearer was sold to Blackburn Rovers for a fee of £3.6 million, with David Speedie reluctantly moving to The Dell as part of the deal.
Blackburn Rovers F.C. been awarded a full-time contract until June 2013. Kean's appointment was shrouded in a great deal of controversy since his agent Jerome Anderson had earlier played a major role in advising Venky's during the takeover of the club in the preceding months. In December 2011, Blackburn Rovers posted an annual pre-tax loss of £18.6m for the year ending 30 June 2011. Despite this, the owners of Blackburn Rovers provided assurances over the continued funding of the club, even if they were relegated. On 7 May 2012, the club was relegated to the Championship after being defeated at home by Wigan