But Indian poultry company-turned-premier-league football owners Venky’s have responded to their critics by saying that they have no intention to sell the club.
The company’s joint managing director Venkateshwara Rao told an Indian news channel: "It is a company of ours and there is nothing whatsoever (in rumours of a sale). These allegations are not correct".
Rao also dismissed speculation that club CEO Paul Hunt had been sacked because of a letter he had written to Venky’s management asking that manager Steve Kean be sacked following a string of poor results.
"The sacking was not because of that," Rao added. "Some staff have to be...you know...to keep the budget down. Nothing to do with it."
Blackburn were relegated from the Premier League following a 1-0 defeat by Wigan Athletic on Monday after a tumultuous season marred by fan protests prompted by the club's lack of success and unpopular moves by the owners who completed a £43m takeover in November 2010.
One pundit said the club's owners were disconnected "geographically and philosophically” from one of the grand old institutions of English football.
Rao however, dismissed criticism of the owners from club supporters, saying: "Fans have the right to do whatever they want.
"It's bound to happen when somebody loses...We have to come out of this situation. Nobody is to be blamed."
- UKAsian Staff/Reports