After Steve Kean quit in September, saying his job was untenable, Rovers arranged a settlement of around £1m for the Scot and hired Henning Berg.
Berg only lasted 10 games and 57 days - but a less-than-watertight contract has seemingly exposed Venky's to a potential £2m pay-off for sacking the Norwegian, and the Mirror suggest he is 'set to net the full £2m, which works out at £36,000 a day for his time at the club' - or alternatively, £2m a win.
The original plan was to hire Berg on a one-year rolling contract, but it appears this was not the deal he signed, and he would be entitled to as much as three years worth of wages and potential bonuses.
Quite how nobody would have spotted that seems astonishing to Paper Round, but then again this is Blackburn, who have already hired and fired Berg's replacement, and are on the look-out for another boss.
The case is currently being pored over by the lawyers, with the LMA working on Berg's case, and Venky's consulting their own legal team to see if there are any ways out of the situation.
At Everton, meanwhile, plans are being made for life without David Moyes, say the Daily Mail.
The Toffees have not given up hope of keeping Moyes at the club after 11 years in charge, but with the Scot deferring talks to sign a new deal until the end of the season, they are working on a back-up.
Celtic's Neil Lennon is a strong candidate to replace him, his stock having risen after an impressive European campaign which included victory over Barcelona.
As for Moyes, he is in the frame for the job at Schalke, and his chances of landing the role have increased after another candidate, Eintracht Frankfurt's Armin Veh, signed a contract extension.
Over to transfer news now, as Chelsea are prepared to lose Kevin de Bruyne without ever playing a game for the Blues, The Sun says.
The Belgian winger, signed in the summer and immediately loaned out to Werder Bremen, could be used as bait in a player-plus-cash deal for Bayer Leverkusen's Andre Schurrle.
The report adds that Chelsea are keen to loan out goalkeeper Thibaut Courtois for another season - but this time to a Premier League club. Fulham, Wigan and Southampton are reported candidates for a deal.
Yesterday paper round brought you a story from the Daily Mirror about Andy Carroll's Liverpool lifeline - a day later, and their story has moved on considerably.
Contact has been made, the paper claims, over a potential swap deal with Newcastle for the England striker - one which would see Hatem Ben Arfa make the switch to Anfield.
Brendan Rodgers appears reluctant to take on Carroll, but Ben Arfa, quicker and more at ease on the ball, fits his mould better. It looks like speculation on the towering striker has plenty of distance to run yet as the season draws to a close.