Friday, November 19, 2010

Finance and politics.

The search for a new owner by the Blackburn Rovers is over. After 2 years, a family from India, the Rao family, bought the club for about 43 million British Pounds. The Blackburn shares themselves weren't valued at 43 million, the new owners also took on around 20 million Pounds worth of debt. The team will continue policies begun by the late Jack Walker in an effort to "ensure that Blackburn Rovers remains one of the best-run clubs within the Premier League." However, Blackburn may not be in the Premier League for that much longer though, as they sit only 2 points above the relegation zone in 14th place having won only 4 of their first 13 games. Sepp Blatter meanwhile holds to his ground that corruption investigations led by The Times into the world football governing body was "not fair" and shouldn't happen again. This despite the uncovering of six corrupt members? I think Mr. Blatter may be in some kind of denial. Celebrate the ugly side of football!

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