Venky's will not sell Blackburn Rovers

NEW DELHI Thu May 10, 2012 9:41pm IST

Blackburn Rover's joint owner Balaji Rao (L) and Venkatesh Rao of Venky's Ltd react ahead of their English Premier League soccer match against Arsenal in Blackburn, northern England in this September 17, 2011 file photo. REUTERS/Nigel Roddis/Files

Blackburn Rover's joint owner Balaji Rao (L) and Venkatesh Rao of Venky's Ltd react ahead of their English Premier League soccer match against Arsenal in Blackburn, northern England in this September 17, 2011 file photo.

Credit: Reuters/Nigel Roddis/Files

Related Topics

NEW DELHI (Reuters) - Indian owners Venky's will not sell relegated Blackburn Rovers and they sacked deputy chief executive Paul Hunt to cut costs, the poultry company said on Thursday.

"It is a company of ours and there is nothing whatsoever (in rumours of a sale). These allegations are not correct," the company's joint managing director Venkateshwara Rao told Times Now channel.

Speculation that Hunt had been dismissed because of a letter he wrote calling on Venky's to sack manager Steve Kean in December was untrue, Rao said.

"The sacking was not because of that," Rao added. "Some staff have to be...you know...to keep the budget down. Nothing to do with it."

Blackburn were relegated from the Premier League following a 1-0 defeat by Wigan Athletic on Monday after a tumultuous season marred by fan protests prompted by the club's lack of success and unpopular moves by the owners who completed a $37-million takeover in November 2010.

Hunt's dismissal was confirmed after the letter, written when Blackburn fell to the bottom of the Premier League, was made public.

His departure adds to the sense of unease at Rovers who have lost their place among the elite for the first time in 11 years.

Rao shrugged off criticism of the owners from club supporters, saying: "Fans have the right to do whatever they want.

"It's bound to happen when somebody loses...We have to come out of this situation. Nobody is to be blamed."

(Reporting by Amlan Chakraborty; Additional reporting by Mike Collett in London; Editing by Clare Fallon)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage