Blackburn set for November sale to Indian firm
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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.
Venkys chief Anuradha J Desai said: "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."
The V.H Group, of which Venkateshwara Hatcheries P Ltd is the flagship company, specializes in poultry farming and claims to be the "largest fully integrated poultry group in Asia".
Its diversified businesses interests include food processing, animal healthcare and pharmaceuticals.
Its website said its valuation was $300 million.
When contacted by Reuters on Tuesday, a company spokesman said it would be releasing a statement later in the day.
Blackburn, managed by Sam Allardyce, is fourth from bottom in the league - one place above the relegation zone - with nine points from as many games.
