Blackburn set for November sale to Indian firm Venkys

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  • ~IronMan~
    Admin
    • Nov 2006
    • 21300

    Blackburn set for November sale to Indian firm Venkys

    Tue, Oct 26 02:12 PM

    Enlarge Photo Blackburn Rovers' players celebrate a goal against Aston Villa during their English League Cup semi-final... Blackburn Rovers hope the sale of the club to Indian conglomerate Venkys will be completed in November, the Premier League club said in a statement on Tuesday.

    "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," Rovers' chairman John Williams said in a statement on the club's website (www.rovers.co.uk).

    Venkys' chief 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."

    Blackburn, managed by Sam Allardyce, are fourth from bottom in the league -- one place above the relegation zone -- with nine points from as many games.

    (Reporting by Neil Maidment; Editing by Jon Bramley; to query or comment on this story email sportsfeedback@thomsonreuters.com)





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