Blackburn hope to complete the sale of the club to India-based company Venkys next month.
Rovers chairman John Williams told the club's official website: "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."
Venkys chairperson Anuradha J Desai added: "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."
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