More takeover details
Plenty of details emerging about the proposed takeover by Venky's this morning as various media outlets swarm to get the inside information.
From what we understand over here on Planet Vital Blackburn, there are a few little snippets that can be confirmed.
First off, Big Sam Allardyce and John Williams will retain their positions at the club in the same capacities and particularly in the case of Mr Williams it is richly deserved.
The transfer budget set aside by VH for January appears to be a rather modest £6 million but further investment for future transfers windows will be consistent and steady to encourage growth.
But to add to the excitement, the potential new owners have even been crowing about their new potential purchase on Indian TV.
Speaking on Tuesday night to the Indian TV channel CNBC-TV18, Venky`s managing director Venkatesh Rao was positive about the sitauation.
Mr Rao commented - "It is very much confirmed. In the next 10 days we will be announcing it formally. It is a £46million deal.
"We will have to pump in some more money later on and I don`t want to get into the details of it.
"Blackburn is one of the very prestigious, oldest and very well-run clubs [in England]. This is an Indian first company in the Premier League. It`s a prestigious moment for everybody and we should cherish this moment."
The main news of the deal though is that Blackburn Rovers will become a debt free club, with the £17 million owed to financial institutes wiped out and in today's economic climate that is a massive boost.
ARTE ET LABORE.
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