Venky's planning to sell off Blackburn Rovers?

Updated: 10 May 2012 21:42 IST

They haven't had the best of times since taking over the English Premier League club, Blackburn Rovers, and if reports are to be believed Venky's, the Indian owners of the English side, are already considering selling off the club less than two years after buying it for 23 million pounds in November 2012.

They haven't had the best of times since taking over the English Premier League club, Blackburn Rovers, and if reports are to be believed Venky's, the Indian owners of the English side, are already considering selling off the club less than two years after buying it for 23 million pounds in November 2012.

According to a report in The Telegraph, Venky's has begun to offer the club for sale in Asia and the Middle East and is currently not looking for a buyer in Europe. The report also suggests that two consortiums are prepared to invest in the club but will not be paying Venky's for the club. No talks have been held yet.  

The report adds that Venky's plan a range of cutbacks in the immediate future amid fears of administration.

Blackburn were relegated to the Championship on Monday after having spent 11 consecutive years in the Premier League. The club's fans have been unhappy with the running of the club since the takeover. The fans' anger at the disappointing results of their team was first directed at the coach, Steve Kean, but was later diverted to the the Venky's group, after the owners refused to sack Kean despite the continuing losses and the growing calls to replace Kean.

Topics : Football Blackburn Rovers Manchester City Alex Ferguson Mark Hughes English Premier League
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