London: Indian company Venky's, which specialises in poultry farming and pharmaceuticals, is set to seal their takeover of English Premier League football club Blakburn Rovers have ruled out that they will be going on a spending spree.
Indian poultry giant Venky's has agreed to pay 46 million pounds for the English Premier League club but company chairperson Anuradha J Desai said that lavish spending is not on the agenda.
Venkys chief Anita J Desai said the Pune-headquartered company, which hopes to buy Rovers by the end of November, would stump up just five million pounds for new players and will depend more on loan signings.
"We won't need to buy expensive players, we can always lease them. We don't expect to be in the top five of the Premier League. We will be happy to be in the top 10 to 12," Desai was quoted as saying.
Unlike big-spending clubs owned by wealthy foreigners like Manchester City and Chelsea, Blackburn won't be spending big and are currently sitting at 17th position which is just one place ahead of relegation zone.
Last week Rovers manager Sam Allardyce had welcomed news of a possible takeover, saying that the former Premier League champions needed investment.
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