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Indian firm to acquire English Premier League club
If the deal sees the light of the day, India's foray into EPL will reflect its growing world footing in sports apart from cricket through the business angle.
IN WHAT is touted as a first in Indian sports, the country’s poultry firm Venky's Limited is reportedly all set to take over Blackburn Rovers, a relatively known English Premier League (EPL) club. If the deal sees the light of the day, India’s foray into EPL will reflect its growing world footing in sports apart from cricket through the business angle.

Venky's is the sister concern of Venkateshwara Hatcheries Group based in Pune. A 17 billion conglomerate, it is Asia’s largest poultry group. The company’s business ventures range primarily from poultry and processed food to pharmacy and healthcare related products.

Reports say the Indian firm is on the verge of paying roughly Rs 280 crore or 40 m pounds.

Formerly known as Western Hatcheries Limited, Venky's was established in 1976, mainly to produce chicks for the poultry markets of north India, as introduced by its official website.

Authorities in both the football club and the would-be owner (Venky’s) have expressed hope that materialisation of the deal should come about in a month's time.

A string of meetings and consultations with the Rovers and the League has set off this deal. Earlier, rumors of Reliance’s steady bid for Liverpool had done the rounds. Lakshmi Mittal’s 20% stake in Queens Park Rangers is not an EPL endeavour since the club doesn’t play in the Premiere League.

Blackburn Rovers, on the other hand, is a low performing team which is currently merely one step above the League’s relegation zone rooted in goal difference. Also, Rovers have won only once ever since the season kicked off. It is believed that an immediate change at the helm – that is the ownership – could herald some betterment in the club’s act. Rivers, based in Lancashire, were founded in 1875 and had won the 2002 Carling cup.

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