Blackburn were sold to Venkys because the Jack Walker Trust that had been set up to fund them until the club 'became self financing' decided that they would stop converting loans into equity. It was the Trust that sold BRFC, the search for a suitor and subsequent sale being handled by Rothschild Bank.
"When the Venky's bought Blackburn Rovers in 2011, it was not a football club in free-fall, it was not a football club that was in decline; it was a progressive and steady football club skillfully guided by John Williams and his team." ( http://ewoodpark.jimdo.com/the-venky-s-reign-of-error-introduction/ "