Blackburn sold to Indian firm for £23m
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Blackburn sale to Indian firm confirmed
The sale of English Premier League side Blackburn Rovers to Indian poultry firm Venky's has been completed, the club announced in a statement on Friday.
The statement on Blackburn's official website said the club's holding company had sold its 99.9 percent shareholding in Rovers to Venky's London Limited, a newly formed company owned by the Rao family of India.
"The board of Blackburn Rovers Football and Athletic plc today announces the sale by BRFC Investments Limited (a company indirectly wholly owned by the Jack Walker 1987 Settlement) of its 99.9 per cent shareholding in BRF&A to Venky?s London Limited," the statement said.
Venky's had completed the deal for 23 million pounds or 17.17 pence per share, the statement said.
"We are very pleased to be passing on the Rovers to the Rao family," Paul Egerton-Vernon, chairman of the Jack Walker Settlement Trustees said.
"We have been impressed with their enthusiasm for the club, and their plans and ideas for future investment to develop it further as well as their wish and commitment to preserve the legacy of Jack Walker.
"We are particularly pleased that the club will continue in family ownership and that the existing management team at the Rovers led by John Williams will continue unchanged."
Asia's largest poultry group, Venky's is part of the 290-million-dollar worth Venkateshwara Hatcheries (VH) group, which has diversified from poultry products to pet foods, nutrition for humans and healthcare products.
Headquartered in the western city of Pune, it produces chicken nuggets, chicken meatballs, kebabs and Vienna sausages.
Established in 1875, Blackburn were one of the founding members of the Football League.
They were also the last club from outside the established big four of Manchester United, Arsenal, Chelsea and Liverpool to win the Premier League, lifting the title in 1995.
AFP
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only 23 million???
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23million only that's why the Ah Neh will buy...............they must have bargain like crazy until Blackburn also give up...........
now Blackburn..........really black liao............
those 2 Ah Nehs in suits still look very dirty...............plus so stupid to throw money into the sea......
buying an EPL team is the SUREST way to lose money..............
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In addition to the £23m, they took up £20m in debt also.
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still cheap what................aiyah.........Ah Neh won't buy something unless it's cheap.............
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EPL team is not losing money la... you are only losing money if you buy too expensive players that are not justified for its prices.
You are still earning revenue for ticket prices and merchandises or even player sales.
If Blackburn goes on a prudent approach and probably get European Qualifications(extra TV money), I believe the club can still have a positive turnover.
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poultry.....hmm. now blackburn is chicken lol
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Originally posted by Y_Shun:
EPL team is not losing money la... you are only losing money if you buy too expensive players that are not justified for its prices.
You are still earning revenue for ticket prices and merchandises or even player sales.
If Blackburn goes on a prudent approach and probably get European Qualifications(extra TV money), I believe the club can still have a positive turnover.
clubs can make money meh ?
they have around 30 players plus reserve team...............plus all the coaching staff and other people working at the stadium plus all the CEO and other top dogs........
just the salaries for all the senior players already buay tahan liao............
30 x 50K x 4 weeks = 6 million pounds every month liao leh...............
in the 80s...........top players like Ian Rush only made like 7-9K weekly...........so still can make money.........
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Originally posted by Rock^Star:
poultry.....hmm. now blackburn is chicken lol
so which ah neh gonna buy Blackpool ?
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Originally posted by Asromanista2001:
clubs can make money meh ?
they have around 30 players plus reserve team...............plus all the coaching staff and other people working at the stadium plus all the CEO and other top dogs........
just the salaries for all the senior players already buay tahan liao............
30 x 50K x 4 weeks = 6 million pounds every month liao leh...............
in the 80s...........top players like Ian Rush only made like 7-9K weekly...........so still can make money.........
go fuck yourself motherfucker..tok like as if the world revoles around u..fucking ASSromanista!
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Maybe Man City should have bought Blackburn secretly and use it as a feeder club...
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Recently a lot of upsets in EPL. To cover up losses?
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Originally posted by In_Between_Days:
go fuck yourself motherfucker..tok like as if the world revoles around u..fucking ASSromanista!
aiyah.......why get so upset.............you ah neh meh ????
why...........you own an EPL club meh ???
