Ewood Park under new ownership(credit: Wikipedia
Indian company Venky’s has completed its takeover of Premier League side Blackburn Rovers.
According to BBC Sport, the Jack Walker Trust has sold its 99.9% stake to to newly-formed holding company Venky’s London Limited for £23m, with the new owners also taking on Rovers’ debt of around £20m.
Venky’s chairman Anuradha J Desai said: “We will absolutely respect the Jack Walker legacy and will be actively supporting the organisation to ensure that Blackburn Rovers remains one of the best-run clubs within the Premier League.
“We particularly pleased that the deal has the full support of the Walker Trust, the chairman and the management team, who will of course remain in place with our full.”
Jack Walker Trust chairman Paul Egerton-Vernon added: “We’re very pleased to be passing on the Rovers to the Rao family.
“We have been impressed with their enthusiasm and their plans and ideas for investment as well as their wish to preserve the legacy of Jack Walker.”