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Rovers takeover nears completion

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19 Nov 2010 12:00:50

Rovers takeover nears completion

Blackburn manager Sam Allardyce expects Indian company Venky's to complete their takeover of the club in the very near future.

The poultry giant are in final negotiations with the Rovers hierarchy over a £46million deal to buy the Ewood Park outfit.

Allardyce said: "It is not as quiet as everyone thinks it is because it is very close to be being clinched. I spoke to the chairman this (Friday) morning and the club expects to make an announcement very shortly."

Venky's - short for Venkateshwara Hatcheries Group - have so far spoken of setting only modest targets for the club.

But Allardyce is convinced the deal will be positive for Rovers, who have been run by the Jack Walker Trust since the death of their former benefactor a decade ago.

"It would be very disappointing if it wasn't somebody that wanted to take over the club and try to improve it as quickly as possible," Allardyce added.

"The best way to improve a football club in the early stages is the first-team results.

"We all know we have been short of a bit of investment in the last few years.

"Since the trust has tried to sell the club they haven't been willing to fund the sort of transfers needed to keep the club improving.

"That's put it in danger of maybe being in the throes of selling your best players and threatened with relegation."


PA

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