Blackburn Rovers are hoping to complete the sale of the club to the Indian based Venkys conglomerate in November.
Rovers chairman John Williams offered an update on the progress being made and believes the takeover is close to completion.
Williams told the club’s official website: “A series of meetings, including discussions with the Premier League, have followed an extensive due diligence process.
“Both parties are hopeful that the transaction will be completed in November.”
Venkys’ chairperson, Anuradha J. Desai, said: “We expect to be the first Indian company to acquire a Premier League team and we are particularly delighted that the team is Blackburn Rovers, with whom we believe we have many shared values and ambitions.”
Meanwhile, Rovers boss Sam Allardyce has reiterated his hope that a takeover might bring fresh investment to the club.
Allardyce said: “The sooner the club changes hands the better.
“New investment is needed and we have not had it for a long time. Without it a business will crumble and fall.”