Vital Football

Latest Blackburn Rovers News

More takeover details

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.

Join The Vital Debate



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

Writer:Mikey Delap
Date:Wednesday October 27 2010
Time: 8:53AM

Comments

0
All getting a little bit exciting now isn't it?!
Mikey Delap
27/10/2010 08:57:00
0
amazing. sure its only 6 mill pounds.However, we will be debt free, sustainable and have a platform to build on!
sasman
27/10/2010 09:15:00
0
Woo. £6m is enough for a striker at least. If Niko cost £6.5m though I'm not sure what we will get but I'm sure Sam can uncover something.
fransavarese
27/10/2010 09:18:00
0
still dont understandwhat Kentaro/SEM are up to.....im going to email them....then call them! +44 number, where on earth is that lol
sasman
27/10/2010 09:30:00
0
It is the best international code going Sas!!!
Mikey Delap
27/10/2010 09:44:00
0
oh thats ur land lol pfft....il just email then :D
sasman
27/10/2010 10:26:00
0
WoohooO!! Go Rovers!! This is some serious market, fellas. If VH take it slowly and work on the commercial side (which they undoubtedly will), Blackburn is going to have a great (and cash filled!) future! I'm SERIOUSLY EXCITED!!
JT_daniel
27/10/2010 13:18:00
0
It sounds good to me...£5 million or so sounds modest but in the long term we should be more competitive with the regular funds. Also it should mean we stay where we belong in the Premier League.
ITSALLROVER
27/10/2010 14:56:00
0
Hi, i'm a Chelsea supporter based in Bombay, India. Thought i'd share this article link just for your info (on the Venky's deal) : http://www.moneylife.in/article/4/10406.html
ZeeNut
27/10/2010 15:43:00
0
Sorry if it throws a bit of cold water on the celebrations. Wish you guys all the best, nevertheless.
ZeeNut
27/10/2010 15:46:00
Page 1/3
  1. 1
  2. 2
  3. 3

Login to post a comment

Recent Blackburn Rovers Articles

Captain Heads Released Rovers List

Blackburn have confirmed the release of eight players following the Championship relegation - captain, and long-serving player, Jason Lowe among them.

FA Boosts Cheating Powers for 2017/18

The Football Association announced earlier today that they have extended their powers when it comes to punishing retrospective simulation.

Cambridge Experience Fuels Wharton Ambition

Relegation means it's been a disappointing season for Blackburn. But for Scott Wharton, on a personal level, the Rovers defender made his debut and enjoyed loan success at Cambridge.

Stokes Set For Third Hibernian Spell?

Stokes' miserable spell at Blackburn is expected to end in the coming weeks with the former Celtic and Republic of Ireland striker ready to return to ex-club Hibernian.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile

Current Poll (see more polls)

Brentford MotM
Suggested By:
Raya8%
Lenihan3%
Ward1%
Mulgrew54%
Nyambe3%
Lowe3%
Guthrie1%
Williams3%
Bennett0%
Graham1%
Gallagher17%
Sub-Conway1%
Sub-Lucas Joao1%
Sub-Emnes4%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Vital Football Comment