Ewood Park set for new owners(credit:
Wikipedia)
Blackburn’s prospective new owners will not be splashing the cash should their takeover attempt go through.
Rovers chairman John Williams revealed on Tuesday that he expects the sale of the club to India-based Venkateshwara Hatcheries, known as Venky’s, to be completed next month.
And Venky’s chairperson Anuradha J. Desai has warned Rovers supporters against hoping for huge investment in the squad, insisting the company are not expecting a top-five challenge.
Desai, who will hand manager Sam Allardyce around £5m to spend, told the Economic Times: “We will pump in whatever is needed but the main thing is to get the club back into good shape.
“This is an investment and it will grow on its own strength. We won’t need to buy expensive players, we can (loan) them.
“We don’t expect to be in the top five of the Premier League. We will be happy to be in the top 10 or 12.”
Meanwhile, Joint managing director Venkatesh Rao has revealed he expects Venky’s purchase to be completed in the next 10 days, telling the Lancashire Telegraph: “It is very much confirmed.
“(Blackburn) is one of the very prestigious, oldest and very-well run clubs. We are looking very positively.
“Don’t forget, this is an Indian first company. It is a prestigious moment for everybody and we should cherish this moment.”