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[Archived] Takeover News

Baz

By Baz
in Football Messageboard Archive

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Links to the LT's articles from yesterday and today:

Lancashire Telegraph, 2 November 2010

"The proposed takeover of Blackburn Rovers by the Venky’s Group has now come under legal threat in Asia. Last night it emerged that Saurin Shah, who was himself in the running over the summer, is taking legal advice."

Rival bidders in Blackburn Rovers power struggle

Lancashire Telegraph, 2 November 2010

Whelan: Walkers have to sell Blackburn Rovers

Lancashire Telegraph, 3 November 2010

Blackburn Rovers takeover 'could be sealed later this week'

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Some more links referred to on the main takeover thread for reference.

Lancashire Telegraph, 4 November 2010

"The Lancashire Telegraph understands the Indian poultry giants won’t be confirmed as the new owners before the weekend but both parties remain ‘very confident’ the deal will go through in the next couple of weeks."

Venky's Blackburn Rovers deal on track

Business Standard, 29 October 2010

Newsmaker: Anuradha Desai

The Times of India, 4 November 2010

Saurin cries foul over Venky's Blackburn deal

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The Economic Times, 5 November 2010

"The domestic soccer scene is going to see a lot of action in coming days. Venkateshwara Hatcheries (VH) Group, the poultry major, is firmly on course to open a football club in India after it closes its £46-million acquisition of Blackburn Rovers, the English Premier League (EPL) club. The acquisition process is expected to be completed by mid-November."

After Blackburn, Venky’s to set up club here

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Two articles from today's Guardian referred to on the main takeover thread for reference.

The Guardian, 10 November 2010

"Wigan Athletic's owner, Dave Whelan, has raised doubts about the proposed takeover of Blackburn Rovers by Venky's, the Indian chicken producer, saying he would rather give his club away to the right British owner than sell to an overseas company."

Wigan's Dave Whelan raises doubts about Blackburn's Indian takeover

The Guardian, 10 November 2010

"Jack Walker's club has been in talks over a £25m takeover with an Indian poultry company, the only serious expression of interest they have had."

Trustees desperate to find safe pair of hands for Blackburn Rovers

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Not one of these articles say that the debts have been paid, only that they have taken on the debt. Taking on a debt and actually paying it are different in my opinion. There is also nothing in the offer agreement.

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The Lancashire Telegraph has interviewed Anuradha Desai, chairperson of Venky’s, on the new owners' plans for the Rovers. See the two articles below.

Lancashire Telegraph, 24 November 2010

Revealed: What new Blackburn Rovers chairman will tell Big Sam

Lancashire Telegraph, 24 November 2010

Ms Desai discusses the possibility of sponsorship of the ground while keeping Ewood Park in the name.

New Blackburn Rovers owners: Ewood won't become Venky's

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