When news happens, text LT and your photos and videos to 80360. Or contact us by email or phone.
Blackburn Rovers blog: Billions don't always equal trophies
HOW nice it would be to have owners with a bank balance in the region of $2billion.
Unfortunately for us, Venky’s claim they are staying put.
The news of interest from Qatari oil giants QP came as a shock to everyone, but the end result is maybe not such a surprise.
Venky’s still own Blackburn Rovers.
Maybe it would have been nice for Sheikh Tamim bin Hamad Al-Thani to have expressed his interest prior to the Venky’s takeover, but there you go.
People may assume a takeover by a company with such wealth would immediately bring success.
You just have to look at history to see how money does not always buy trophies.
It certainly helps, but it’s how it is used that counts.
Rovers themselves provide the shining example. With injections of millions by Jack Walker, Don Mackay was still unable to turn the tide.
Bring in the exceptional managerial talent that is Kenny Dalglish and watch the success roll in.
Today’s models are Chelsea and Manchester City.
Without Jose Mourinho, Chelsea have struggled to emulate their achievements, despite heavy investment.
At Eastlands, Mark Hughes had to go after spending millions without winning anything, but just look at the job Roberto Mancini has done.
Another thing to remember is that with new UEFA financial fair play rules coming into force in 2013, foreign investment is not always going to be a guarantee for success.
Once these rules, which state that clubs must operate financially within their means over a rolling three-year period, come into force the Premier League is going to be turned on its head.
Then again, we’ll probably be in a whole heap of trouble whatever happens.
I guess many people, myself included, would welcome any alternative to Venky’s.