Blackburn close to complete the sale

October 26, 2010

English soccer club, Blackburn say a takeover by the Venky’s group, which would make Rovers the first Indian-owned Premier League club, is set to be completed in November.

Rovers chairman John Williams said: “A series of meetings, including discussions with the Premier League, have followed an extensive due diligence process.

“Both parties are hopeful that the transaction will be completed in November.”

Venkys chairperson Anuradha J Desai added:“We expect to be the first Indian company to acquire a Premier League team.

“And we are particularly delighted that the team is Blackburn Rovers, with whom we believe we have many shared values and ambitions.”

Speaking last week, Blackburn boss Sam Allardyce welcomed the prospect of the sale and new investment into the team.

He said: “The club has been for sale for some time and new investment would be most welcome.

“Investment is needed at every football club and investment here has dried up somewhat because of the club being up for sale.

“We have a strong base at Rovers, a very good club which is run and managed very professionally indeed.

“Blackburn Rovers have a strong history and it could have a bright future given the right sort of investment.”