Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Blackburn hopeful of takeover deal

Tue 26th Oct 2010 | Football Club Management

Blackburn Rovers Football Club expect to complete the sale of the club to India-based company Venkys next month.

Rovers chairman John Williams told the club's official website: "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 has a strong history and it could have a bright future given the right sort of investment."

(source: Press Association)

 

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Laura Smith Appointed Chief Executive Of Aldershot Town

Tue 20th Jun 2017 | Football Club Management

Aldershot Town FC has announced the appointment of Laura Smith as the club’s new Chief Executive. After four and a half years in a similar role with the Suffolk FA, Smith arrives at the EBB...

SBI Barcelona & VSI Launch Football Business Management Programme

Wed 14th Jun 2017 | Football Club Management

The Sports Business Institute Barcelona (SBI) and VSI Executive Education have joined forces to launch the Online Postgraduate in Football Business Management, starting in October 2017. Under the...

Chelsea’s Title Won With Lowest Player Turnover Rate

Tue 6th Jun 2017 | Football Club Management

Chelsea’s title winning team had the lowest turnover of players with the first 11 playing 85.5% of the total minutes of games for the season. Research by CIES Football Observatory shows the...

Comment: How To Create A Winning Dressing Room

Tue 16th May 2017 | Football Club Management

In football, the dressing room takes on a surprising amount of significance. In simple terms, it is the place where the players get changed before and after games, but it’s also the strategy...