Venky's

Venkateshwara Hatcheries Private Limited, Venky's London Limited
Private Limited
Subsidiary of V H Group
Founded 1971
Headquarters Pune, Maharashtra, India
Website Venkys.com

Venky's (India) Limited is a subsidiary of V H Group, an Indian company that specialises in chicken meat processing, and pharmaceutical products for both poultry and human usage.

Status

Today, the diversified VH Group is a USD 1 billion conglomerate and a large Asian poultry company. The group has diversified into 29 fields including: poultry, processed food, animal vaccines, pharma and healthcare products. The company's Specific Pathogen Free Egg unit (in technical collaboration with SPAFAS Inc. USA) is among four such units in the world and the only one of its kind in the developing world.

Forbes ranked Venky's as 67 among the 100 best global small companies in the year 2000.[1]

In December 2010, the group launched Venky's Express, a ready to eat chicken outlet. The first outlet opened in Pune, with Akon performing at the opening.[2]

Some people have called into question Venky's business sense since they acquired Blackburn Rovers F.C. in 2010. Since they took over the club, questionable decisions to sack managers and other administrative staff without reasons have been a regular occurrence, leading to much anger being expressed from supporters, this also coupled with poor results on the pitch which saw the club relegated from the Premier League at the end of the 2011/12 season.[3]

Blackburn Rovers Football Club

In November 2010, Venky's set up a new holding company, Venky's London Ltd, and bought a 99.9% stake in Blackburn Rovers FC, spending £23 million on the deal and taking on around £20million of the club's debt.[4] After sacking Sam Allardyce as the club's manager,[5] Steve Kean was given the job, an appointment which was shrouded in a great deal of controversy since Kean's agent Jerome Anderson had earlier played a major role in advising Venky's during the takeover of the club in the preceding months.[6][7][8] Venky's oversaw an unsuccessful period resulting in relegation to the Championship at the end of the 2011–12 Premier League season ending an 11-year run in the top flight.[9][10][11] Despite Kean leaving Blackburn Rovers in September 2012, criticism of Venky's running of the club has continued, with both fans and the media calling them into question.[12]

Former Blackburn defender Henning Berg replaced Kean as manager but following a poor run of results, he was sacked on 27 December 2012. Berg's reign lasted only 57 days,[13][14][15] while on 19 March 2013, the club dismissed his successor, Michael Appleton, after another two-month reign.[16] In December 2012, the club was reported to be running at a loss of around £2 million a month.[17]

Later in 2013 caretaker manager Gary Bowyer was announced as the new full-time manager. Gary Bowyer was then fired in November 2015, with Paul Lambert being installed as new manager. After only a matter of 5 months Paul Lambert then left Blackburn Rovers. Seven weeks later Owen Coyle was then announced as the new Blackburn Rovers Manager. The appointment of Owen Coyle was met with some anger from the Blackburn Rovers fans with many of the supporters branding them as "a disgrace".[18]

Venkys were recently approached by a group of investors known as "Seneca" who wanted to help Venky's run the club after Venky's Ltd run up debts of £104.2m.[19] However this offer was ignored by Venkys Ltd.

On the 15th August 2016, a mass of leaked information about the wrongdoing happening within Blackburn Rovers was pushed out on to social media and passed to many journalists, papers and most of the Blackburn Rovers fans. This led to a number of fans to once again protest against Venky's ownership of the football club.[20]

References

  1. ↑ Singleton, Ian (26 October 2010). "Who are Blackburn Rovers bidders Venky's?". Lancashire Telegraph. Retrieved 18 October 2012.
  2. ↑ Palit, Debarati (9 December 2010). "In the city to add some spice". Mid Day. Retrieved 18 October 2012.
  3. ↑ Herbert, Ian (24 March 2013). "Exactly what is this woman doing at Blackburn Rovers". The Independent. Retrieved 25 March 2013.
  4. ↑ "Rao family buy Blackburn Rovers from Jack Walker Trust". BBC. 19 November 2010. Retrieved 17 October 2012.
  5. ↑ Burnton, Simon (13 December 2010). "Sam Allardyce sacked as manager of Blackburn Rovers". The Guardian. Retrieved 17 October 2012.
  6. ↑ Conn, David. "How an agent came to hold so much power at Blackburn Rovers", The Guardian, 21 December 2010. Retrieved 02 August 2016.
  7. ↑ Hytner, David. "Steve Kean finds value of friends in high places at Blackburn Rovers", The Guardian, 16 December 2010. Retrieved 02 August 2016.
  8. ↑ "Blackburn Rovers board's dismay at Venky's conduct revealed in letter". The Guardian. 15 January 2012.
  9. ↑ Winter, Henry (8 May 2012). "Blackburn Rovers relegated from Premier League as Antolin Alcaraz scores only goal in Wigan's great escape". The Daily Telegraph. Retrieved 17 October 2012.
  10. ↑ "So why do the Blackburn owners Venkys not seem to care?". The Independent. 9 May 2012.
  11. ↑ "How Venky's wrecked and relegated Blackburn". The Mirror. 8 May 2012.
  12. ↑ "Venky's and other corporate vandals must be stopped from owning clubs". The Times. 3 September 2016.
  13. ↑ Howson, Nick (29 September 2012). "Blackburn manager Steve Kean resigns". International Business Times. Retrieved 17 October 2012.
  14. ↑ Cryer, Andy (27 September 2012). "Venky's have to show their business sense". Lancashire Telegraph. Retrieved 17 October 2012.
  15. ↑ "Owners Venky's deny Blackburn is for sale following relegation". BBC. 10 May 2012. Retrieved 17 October 2012.
  16. ↑ Michael Appleton: Blackburn Rovers sack manager from BBC News, retrieved 9 June 2014
  17. ↑ Rover and out? Blackburn director calls for Shebby Singh to be sacked from Daily Mirror, retrieved 9 June 2014
  18. ↑ from Mirror, retrieved 2 June 2016
  19. ↑ from BBC Sport, retrieved 10 May 2015
  20. ↑ from 90 Min, retrieved 15 August 2016
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