The takeover of Blackburn by Indian poultry giant Venky's is expected to be completed next month.
The deal with the Venkateshwara Hatcheries Group should see Blackburn become the first Premier League club to be bought by an Indian company.
Venky's chairperson Anuradha J Desai said in a statement: "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."
