UK time is: 04:53:55
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

VH Group on cusp of Rovers buyout?

Rovers could be in new hands sooner than we all suspected as the VH Group, based in India like rival bidder Ashan Ali Syed, has moved into pole position in the Rovers takeover ordeal.

The process - which has lasted for over a decade (or so it seems) - to find new owners has seen many twists and turns but the Daily Mirror seem to feel that a decisive moment may have occurred.

The VH Group are pretty plush and aren't shy of a few bob after making plenty of cash primarily in chicken but in many different areas of business.

Want to hear more? Thought so.

Alan Nixon in the Daily Mirror writes - 'Blackburn Rovers are close to a shock takeover by the VH Group - an Indian company that made billions in the chicken industry.

Rovers could be in new hands as early as next week as representatives of the firm, which has expanded into many widespread fields, are due to arrive for final talks in the next 48 hours.

And the Premier League are also expected to put the mystery group through a thorough inspection about their background and plans before rubber-stamping the 40 million-plus bid.

The VH Group are known throughout Asia as leaders in the poultry business but they want to crack European markets and see Premier League football as a base for their expansion.

Known locally as Venky's - short for Venkateshwara Hatcheries - they have amassed a great fortune in the past few decades and have the money to buy out the late Jack Walker's Trustees for cash with no borrowing.

Rovers is for sale at around 25 million and have debts of around 16 million. There would be money to wipe that out and put cash in a transfer kitty for January.

Ironically Rovers have been a target for a couple of other bidders from India, with the VH Group the latest but about to become the most successful in that quest.'

A spokesperson for the group wasn't exactly talkative but did echo the sentiments of Ali Syed and Saurin Shah by proclaiming the rapid growth of the EPL in India.

VH Group refused to comment last night but an insider near the deal said: 'The group want to buy Rovers because they feel the Premier League is going to get bigger and bigger in India and Asia.

'This is a cash deal, with no leverage. The company has a lot of money and will not be wasting it, but they are very keen to succeed and see huge opportunities for all sides.'

How long before the poultry based jokes make an appearance?

Join The Vital Debate




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Mikey Delap Mail feedback, articles or suggestions

Date:Friday October 22 2010

Time: 9:14AM

Your Comments

A decisive move or another false dawn?
Mikey Delap
Not 100% sure about this.. would prefer Syed to be honest.. these lot seem like they actually want to make money out of Rovers!
rover23
I'm glad that Syed is not taking over, as I don't like the guy. So if it is Shah or this VH group I don't care. Mike: Did you have a nice trip to Cypres? ....cheers
riisenholt
what about the aussies!!!
sasman
sunday roast at half time anyone?
LHrover
Hey Riisenholt... It was really nice matey. Great weather and the people there were so friendly! Couldn't have asked for a better one :) only problem now is that it seem fricking arctic back in Sheffield!!!
Mikey Delap
i echo rover23. these guys are expecting rovers to be a money machine
DommyWalker
interestin that the other mon has been making donations to the town of blackburn though, i still expect him to win the race for the club
glen9mullan
I think that most would expect to make money out of football clubs, it is only natural...
Mikey Delap
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Blackburn Rovers Articles

Bowyer: We Deserved A Draw At Least (Thursday September 18 2014)

Stats: Blackburn Rovers v Derby County (Wednesday September 17 2014)

Kean Loaned To Yeovil Town (Monday September 15 2014)

Marshall's Premier League Technique (Monday September 15 2014)

Bowyer Delighted With Rovers Character (Monday September 15 2014)

Stats: Blackburn Rovers v Wigan Athletic (Saturday September 13 2014)

Brown Still Six-Weeks Away (Friday September 12 2014)

Rovers Could Lose Coach?? (Friday September 12 2014)

The Frustration's Growing (Wednesday September 10 2014)

Cairney Nominated For Championship Award (Thursday September 4 2014)

Archived Blackburn Rovers Articles

List All Vital Blackburn Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
10. Ipswich 7 3 2 2 3 11
11. Brentford 7 3 2 2 0 11
12. Millwall 7 3 1 3 0 10
13. Blackburn 7 3 1 3 -1 10
14. Leeds Utd 7 3 1 3 -3 10
15. Bournemouth 7 2 2 3 1 8
16. Wigan 7 2 2 3 1 8

Breaking League News

Brian Clough OBE - Legend!
Forest : 20/09/2014 01:00:00
Meet the referee v brighton
Blackpool : 20/09/2014 00:40:00
LUFC Leeds closing in on coach appointment
Leeds Utd : 19/09/2014 21:44:00
The Birmingham Preview
Norwich : 19/09/2014 20:48:00
Match Report From Kid's Corner: Forest v Fulham
Forest : 19/09/2014 20:45:00

Current Site Poll (view all polls)

Blackburn Rovers Man of the Match v Derby County?
Suggested By:  Walker
Robinson 0%
Olsson 0%
Hanley 0%
Kilgallon (off 89) 0%
Baptiste 0%
Conway (off 65) 0%
Evans (off 90) 0%
Marshall 100%
Cairney 0%
Rhodes 0%
Gestede 0%
Substitute: Tunnicliffe (on 65) 0%
Substitute: Varney (on 89) 0%
Substitute: Duffy (on 90) 0%