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Rao family buy Blackburn Rovers from Jack Walker Trust

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."

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sokrates4393d ago

Now India is buying clubs in UK as well. The old colony of Britain is taking over...

karim4393d ago

Too Bad they won't make any big money signings

RedDevils4392d ago

so with 1/2 of Ronaldo transfer money can actually buy Blackburn lol

kulka4392d ago

haha they should have made more money despite poor team they have stadium and facilities