Former Blackburn Rovers boss Don Mackay has warned the club to get their sale right.
Mackay was axed as Rovers boss in 1991 in favour of Kenny Dalglish, soon after local steel magnate Jack Walker seized control to change the East Lancashire outfit's history forever.
The Scot is the first to admit Walker's arrival was the best thing that could have happened to the club but warns a change of ownership does not guarantee a success story.
He told the Lancashire Telegraph: "The big difference is Jack Walker was Blackburn Rovers through and through. He did not buy the club as an investment, he bought the club because he wanted to move them forward.
"At the time though, I remember the chairman Bill Fox was worried and uncertain.
"He didn't know what Jack Walker wanted and there were fears what would happen in he walked away and left the club in debt.
"That all proved to be immaterial and Jack was obviously a great thing for the club. It doesn't mean the next takeover will be though as you would have to be extremely fortunate to find another Jack Walker.
"I understand Rovers would love a bit more money but if you look at the big picture things aren't too bad as they are they? They are an established Premier League club and fans only to have to think back 20 years or so to see how far they have come.
"It wasn't too long ago that Bill felt he needed to modernise the stadium a little bit by putting a roof on the toilets. That is how far the club have come.
"I can understand the desire for new owners but it doesn't always work out the way you want it. Look at Liverpool and Portsmouth. Money doesn't guarantee success."
