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Shock takeover bid for Blackburn Rovers dismissed by club

Football News 24/7
Oil giant Qatar Petroleum are rumoured to be about to make a shock bid to buy Blackburn Rovers from Indian owners, Venkeys.

QP, owned by the wealthy Gulf state of Qatar is the third largest oil company in the world and are believed to have set its sights on ending the eventful 12-month reign of Indian poultry firm Venky’s with a £25m offer.

The Qatari suitors are willing to offer Venky’s their money back and would take on and cover all remaining debts, despite Rovers’ perilous Premier League position. But Venky’s, who sealed their £23m buy-out of the club from the Walker Trust a year ago this week, have previously vehemently denied any suggestions that they would consider selling Rovers and remained committed to that stance yesterday.

The prospect of buying a Premier League club has become attractive after the Middle East state was awarded the 2022 World Cup, with QP even thought to have shown some interest in buying Manchester United previously.

As a state-owned company, QP have links with Qatar’s crown prince Sheikh Tamim bin Hamad Al-Thani, reported to have a net worth of around $2bn.

Another business owned by the Qatari state, the Qatar Investment Authority, have already ploughed money into French side Paris Saint Germain.

Spanish club Malaga have also recently been beneficiaries of Qatari investment, while European champions Barcelona signed a lucrative sponsorship deal with the Qatari Foundation earlier this year.

All the signs from the club though are that the 'Not For Sale' signs are well and truly in place, and Venkeys are committed to seeing things through at Rovers. The proposed extension of Steve Keane's contract was put off last week as the Venkey's kept their options open with Rovers sitting in the bottom three.

JB

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