Blackburn have been purchased by the Rao family from India for about £43m.
Under the deal, BBC Sport understands Rovers' shares have been acquired for £23m with a debt in the region of £20m taken on by the new owners.
The trust set up by late former owner Jack Walker to own the club has sold its 99.9% holding to the newly formed company Venky's London Limited.
Trust chairman Paul Egerton-Vernon said: "We're very pleased to be passing on the Rovers to the Rao family."
He continued: "We have been impressed with their enthusiasm and their plans and ideas for investment as well as their wish to preserve the legacy of Jack Walker."
Now India is buying clubs in UK as well. The old colony of Britain is taking over...
Too Bad they won't make any big money signings
how much is Venky's worth?
so with 1/2 of Ronaldo transfer money can actually buy Blackburn lol