A.V.
New Member
- Joined
- Feb 16, 2009
- Messages
- 6,503
- Likes
- 1,157
PUNE: The wait is over. An Indian company will soon enter the world's wealthiest football league. Amid speculation this year about mega Indian corporates eyeing teams in the English Premier League, Pune-based Venkateshwara Hatcheries (VH) has scored the first goal.
The Rs 3,850-crore poultry giant is set to take over Blackburn Rovers, currently 17th in the EPL.
VH Group chairperson Anuradha Desai told TOI the deal was struck at £46 million (Rs 325cr), which entailed taking over the club's debts. The group will own the club 100%.
Desai said the deal was "as good as through". "We have been in talks with Blackburn Rovers and our directors (Venkatesh Rao and Balaji Rao) are now in England. They have had a meeting with the Rovers owners. It is only a matter of seven or eight days before which the SPA (sale purchase agreement) will be executed," she said.
The move which has potential spin-offs for Indian football. "The game is gaining popularity in the country and we will surely consider investing here in another five years or so. Football is popular in Kolkata and Kerala and there is growth happening in other states as well," VH Group chairperson Anuradha Desai said.
http://timesofindia.indiatimes.com/...uy-EPL-club-Blackburn/articleshow/6818082.cms
The Rs 3,850-crore poultry giant is set to take over Blackburn Rovers, currently 17th in the EPL.
VH Group chairperson Anuradha Desai told TOI the deal was struck at £46 million (Rs 325cr), which entailed taking over the club's debts. The group will own the club 100%.
Desai said the deal was "as good as through". "We have been in talks with Blackburn Rovers and our directors (Venkatesh Rao and Balaji Rao) are now in England. They have had a meeting with the Rovers owners. It is only a matter of seven or eight days before which the SPA (sale purchase agreement) will be executed," she said.
The move which has potential spin-offs for Indian football. "The game is gaining popularity in the country and we will surely consider investing here in another five years or so. Football is popular in Kolkata and Kerala and there is growth happening in other states as well," VH Group chairperson Anuradha Desai said.
http://timesofindia.indiatimes.com/...uy-EPL-club-Blackburn/articleshow/6818082.cms
