Blackburn Rovers are hopeful Asian poultry giants Venky's will become the club’s new owners by the end of November.

The Indian conglomerate, the Venkateshwara Hatcheries Group, is expecting to complete a deal next month which would bring much-needed investment into Ewood Park.

Rovers and representatives from Venky's have held detailed talks over the past few days and, after significant progress was made yesterday, now look ready to seal a deal.

Venky's have already held successful talks with the Premier League and have gone through an extensive period of due diligence - an exploration of the club’s books.

While final discussions still need to take place, this is the furthest Rovers have ever been in their ongoing attempts to sell the club since the Walker Trust put them on the market back in 2007.

Rovers have always remained tight-lipped on the process but yesterday chairman John Williams confirmed to the Lancashire Telegraph “both parties are hopeful” the deal will go through in the next few weeks.

This is the most bullish statement the club have made on their future with Venky's themselves claiming they 'expect' to buy the club next month.

Rovers chairman Williams said: “A series of meetings, including discussions with the Premier League, have followed an extensive due diligence process.

“Both parties are hopeful that the transaction will be completed in November.”

Venky's is the third Indian group known to have shown an interest in the club over the past few months, with Ahsan Ali Syed and Saurin Shah previously declaring their interest.

Blackburn’s large Asian population is understood to be a draw for Indian buyers, while it is also believed there is an untapped Asian market for Premier League football.

Mr Ali Syed, who was favourite to buy the club back in August, declined to comment on the situation.

But the Lancashire Telegraph can confirm his bid for the club never reached the stage Venky's is now at.

The size of Venky's investment remains unknown but it is understood Rovers have been impressed by the credentials of the £1billion poultry conglomerate.

Rovers don’t expect an injection of funds to match the £300million Mr Ali Syed claimed he would invest, but believe Venky's leadership will leave them in a healthy financial position.

Chairperson Anuradha J Desai, said: “We expect to be the first Indian company to acquire a Premier League team and we are particularly delighted that the team is Blackburn Rovers, with whom we believe we have many shared values and ambitions.”

It is also understood sports agency Kentaro could form a part of Venky's ownership of Rovers, although this has not been confirmed by either party.

Worldwide agency Kentaro specialises in the acquisition and distribution of the international television rights of national football federations, football clubs and leagues.

It also has a number of in-house agents who deal in talent management and last year sealed a corporate partnership deal with Jerome Anderson’s Sport Entertainment and Media Group.

SEM represents more than 150 professional footballers and clubs in Europe’s top leagues and has worked for top stars such as Rio Ferdinand, Thierry Henry and John Obi Mikel.

It is thought Kentaro could use the potential purchase as a way of introducing some of their top young foreign talent to the English game.

The Indian-based chicken industry leaders will be at the head of any takeover, although the details of their future leadership are yet to be disclosed.

Rovers remain the only Premier League team not to receive any investment from their owners and have struggled in recent season to compete on a financial level with their rivals.

Manager Sam Allardyce will hope a change in ownership will allow him to spend reasonable funds in the transfer market after admitting last week the club needed investment to progress.