Published: Tuesday, 26 October 2010
Venky's Bid Confirmed and WGA Still In The Running
Blackburn Rovers have officially confirmed that they have held detailed discussions with VH Group (Venky's) regarding the sale of the club.
Rovers Chairman John Williams said: "A series of meetings, including discussions with the Premier League, have followed an extensive due diligence process. Both parties are hopeful that the transaction will be completed in November."
Venky's Chairperson Anuradha J. Desai commented on her company's involvement: "We expect to be the first Indian company to acquire a Premier League team and we are particularly delighted that the team is Blackburn Rovers, with whom we believe we have many shared values and ambitions."
Both parties are hopeful that the sale of the club can be completed in November.
Meanwhile, Ahsan Ali Syed's spokeswoman, talking exclusively to BRFCS, has confirmed that WGA are still interested in purchasing the club: "We are not commenting on the current situation at this stage but can confirm that we are still interested in the purchase."
Keep your eyes peeled to BRFCS over the coming days as we hope to have an interview with Venky's, as well as an editorial on what the potential purchase by Venky's means for Rovers. We will also continue to monitor the situation with regard to Mr Ali's bid to purchase the club.
Join in our discussion on the takeover here