New Blackburn owners pledge bright future

20 November 2010 01:30
Blackburn's new Indian owners have promised to deliver a bright future after completing their takeover of the Ewood Park club. Poultry firm Venky's finalised their purchase of the 99.9% shareholding of the Jack Walker Trust for £23million on Friday. Some reports have put the total value of the deal at £43million, taking into account club debts which will be paid off. Venky's, a hugely successful business run by the Rao family, initially spoke last month of setting only modest, realistic targets for Rovers but they are determined to maximise potential and maintain tradition. Venkateshwara Rao, joint managing director, said: "We are all truly honoured to be working with such an historic club and are committed to creating a long-term financial platform which the club can use to realise its obvious potential on and off of the field. "It is as a team that this club has succeeded in the past and it is as a team that this club will achieve great things in the future."

Source: PA