Venky’s complete Blackburn takeover

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Indian poultry company Venky's have completed their takeover of Blackburn Rovers.

The Premier League club have been run by the Jack Walker Trust since the death of their former benefactor a decade ago.

A statement on the club's official website read:"The board of Blackburn Rovers announces the sale to Venky's London Limited, a newly formed company owned by the Rao family of India for a sum of £23million or 17.17 pence per share.

"The Rao family have an extensive range of business interests in India and elsewhere in the world including their flagship company Venkateshwara Hatcheries Private Limited, the parent company of Venky's (India) Limited which is listed on the Bombay Stock Exchange."

Anuradha J Desai, the Chairperson of Venky's, said on the completion of the takeover:"We are delighted, proud and humbled to be associated with Blackburn Rovers, a team with whom we share many values and ambitions.

"Going forward we plan to focus on leveraging the global influence in establishing Blackburn Rovers as a truly global brand.

"We will absolutely respect the Jack Walker legacy and will be actively supporting the organisation to ensure that Blackburn Rovers remains one of the best run clubs within the Premier League.

"We are particularly pleased that the deal has the full support of the Walker Trust, the chairman and the management team who will of course remain in place with our full support.

"Blackburn Rovers is an historic institution that has won the Premier League and we want the fans to embrace us so that we are able to do our best in the interests of the club."

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