Could of bought us the entire Blackburn Rovers Football Club...
Bargain!!
http://www.skysports.com/story/0,19528,11095_6515661,00.html
Bargain!!
http://www.skysports.com/story/0,19528,11095_6515661,00.html
Mrs Desai said the acquisition of the team based in Blackburn, Lancashire, pointed to the imperatives of globalisation and the need for the team to build its brand. “Football is a global craze and as the VH Group globalises, setting up feed plants and hatcheries around the world, we believe we can benefit from being owners of a major football club. It will help build our brand, too,†she said.
“Moreover, we are a protein company, in the health business and there is synergy with health and sports, and we have been sponsoring tennis and cricket matches and tourneys here, in India. Now that we are going global, we need a global sport, hence a football club,†Mrs Desai explained.
The VH Group has recently entered Vietnam and Bangladesh, besides strengthening its presence in the Middle East. Football is a major craze in these countries, Mrs Desai pointed out.
While Blackburn Rovers FC, established in 1875, is among the three English football clubs to have been among the founders of both the Premier League and its predecessor the Football League, it has been facing financial difficulties.
Brushing off the financial difficulties, Mrs Desai said, “The club has no major losses... That is not a major financial issue nor does it have accumulated debt. We will pump in whatever is needed but the main thing is to get the club back into good shape. This is an investment and it will grow on its own strength.â€
The VH Group will acquire the club from its current owners, the trustees of the Jack Walker 1987 Settlement, a Jersey trust. Jack Walker, a Lancashire steel magnate, bought the club in 1992 and followed it up with some high-profile acquisitions of players which led the club to win the Premier League in 1995.
Mrs Desai said that while they will pump in an additional £5 million to ensure they get good players, she ruled out any high-profile acquisitions at least for now. “We won’t need to buy expensive players, we can always lease them,†she said, adding, “We don’t expect to be in the Top 5 of the Premier League. We will be happy to be in the Top 10-12.â€
[/quote]Mrs Desai said the acquisition of the team based in Blackburn, Lancashire, pointed to the imperatives of globalisation and the need for the team to build its brand. “Football is a global craze and as the VH Group globalises, setting up feed plants and hatcheries around the world, we believe we can benefit from being owners of a major football club. It will help build our brand, too,†she said.
“Moreover, we are a protein company, in the health business and there is synergy with health and sports, and we have been sponsoring tennis and cricket matches and tourneys here, in India. Now that we are going global, we need a global sport, hence a football club,†Mrs Desai explained.
The VH Group has recently entered Vietnam and Bangladesh, besides strengthening its presence in the Middle East. Football is a major craze in these countries, Mrs Desai pointed out.
While Blackburn Rovers FC, established in 1875, is among the three English football clubs to have been among the founders of both the Premier League and its predecessor the Football League, it has been facing financial difficulties.
Brushing off the financial difficulties, Mrs Desai said, “The club has no major losses... That is not a major financial issue nor does it have accumulated debt. We will pump in whatever is needed but the main thing is to get the club back into good shape. This is an investment and it will grow on its own strength.â€
The VH Group will acquire the club from its current owners, the trustees of the Jack Walker 1987 Settlement, a Jersey trust. Jack Walker, a Lancashire steel magnate, bought the club in 1992 and followed it up with some high-profile acquisitions of players which led the club to win the Premier League in 1995.
Mrs Desai said that while they will pump in an additional £5 million to ensure they get good players, she ruled out any high-profile acquisitions at least for now. “We won’t need to buy expensive players, we can always lease them,†she said, adding, “We don’t expect to be in the Top 5 of the Premier League. We will be happy to be in the Top 10-12.â€