So why do the Blackburn owners Venkys not seem to care?
Martin Hardy answers the questions we all wanted to ask about the Blackburn owners
Thursday 10 May 2012
Related articles
Q. The Venkys... we've heard a lot about them this week... who are they, again?
A. The VH Group is a poultry conglomerate owned by the Rao family and based in Pune, 70 miles south-east of Mumbai. The conglomerate is headed by Anuradha Desai; she is also the chair of Venky's London Ltd, the subsidiary which owns Blackburn Rovers. She and her two brothers, Venkatesh and Balaji Rao, co-own the VH Group, which consists of 28 companies with a collective turnover in 2010 not far off £1bn and with profits of £100m. With no external partners and no debt, the company is reckoned to be worth around £1.5bn; the family are believed to be worth more than £2bn.
Q. How did they acquire their wealth?
A. The trio's father, Dr B V Rao, a vet and philanthropist, began his business in 1971. He turned one hatchery into an empire that now breeds chickens, sells vaccines, machinery, processed food, dietary supplements and fast food. The VH Group is expanding across Asia, Europe, South America and the Middle East; it now employs 250,000 people directly and the same again in related business.
Q. When did they take over at Blackburn?
A. The Venkys paid £23m to the Jack Walker Trust in November 2010 to take control of the club. They are believed to have paid off £10m of club debt when they took over; in the year to 30 June 2011, a further £5m interest-free loan was paid in. Barclays were after a cash injection of £10m to cover their overdraft earlier this season, which it is assumed the new owners also paid. To put all this in perspective, in the same year they bought Rovers they paid £130m for a new vaccine plant in Switzerland.
Q. Why did an Indian family buy a football club in Lancashire?
A. Balaji, who is 40, has 51 vehicles, including a Rolls-Royce, a Bentley and a £100,000 Hummer. He is the football fan in the family and in 2009 he started to look at the possibility of buying a club. He initially looked at buying one in Pune, but then thought they would be a bit small; Kentaro, the sports agency, suggested they look to buy one in England instead. The family decided a Premier League club would be the best to buy. They were offered a stake in a Championship club but wanted complete control and in August 2010 Blackburn was proposed. They believe football will take off massively in India in the next five years, to rival cricket.
Q. What have been their most notable actions at Ewood Park?
A. Sacking the manager Sam Allardyce (who had led the club to a 10th-place finish in the 2009-2010 season) when the team were in 13th place in the Premier League in December 2010. Appointing a member of his back-room staff, Steve Kean, as manager. Selling Phil Jones for £16.5m to Manchester United in June 2011 and Chris Samba for £12.5m to the Russian club Anzhi Makhachkala in February this year. Overseeing the relegation of Rovers to the Championship on 7 May 2012 following a 1-0 home defeat by Wigan Athletic.
Latest in Sport
Sport blogs
iBet: A tight game between Northampton and Bradford
A tight game could be in prospect here. Northampton have been keeping things very tight of late and ...
by Gareth Purnell
18 May 2013 02:01 AM
On The Road at the Giro d’Italia: Feeling ill and racing in the rain must be pretty grim
I can’t ever watch games of football or rugby without wistfully wondering what it must be like to be...
by Martin Ayres
16 May 2013 05:10 PM
PSG and the French league must be more proactive in dealing with hooliganism
Since PSG’s exit to Barcelona in the Uefa Champions League quarter-final in April, PSG have been sur...
by Matthew Riding
15 May 2013 02:37 PM
-
Tears and cheers as David Beckham ends glittering career after helping PSG to final win
-
England manager Roy Hodgson attacks Manchester City, Chelsea and Tottenham over tours
-
Video: Emotional David Beckham leaves the pitch for 'the last time'
-
Another nail-biting finish for unlucky Tottenham as Arsenal look to secure Champions League place on last day
-
Boxing: Carl Froch slams fellow Brits for sparring with Mikkel Kessler
- 1 Tears and cheers as David Beckham ends glittering career after helping PSG to final win
- 2 Heading for America? Prepare for the longest US immigration queues ever
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 David Cameron goes to war with press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
The price of pacifism
Jason Isaacs: Groupies, theatre bores and James Bond
Sealand: 'Micronation' or illegal fortress?
Legend of James Hunt has set Hollywood hearts racing
Macklemore: 'I don't have moderation'
Don't be shy: Bill Granger's Sri Lankan recipes
Gordon Ramsay's worst nightmare: A restaurant he cannot save



Comments