UK time is: 06:07:28
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Takeover is on the cards... FINALLY

It looks like, finally, Rovers could be subject to a takeover.

The papers and internet are full of stories this morning of how an Indian entrepreneur with links to the IPL cricket league is ready to takeover after a sneaky peak at the books at Ewood Park.

That is still to come but reports are that a bid has been made and the good news for Rovers fans is that the bids origins seem to lie in legitimate hands.

There are also seems to be a purpose behind the bid as well...

The Times, one of the more reliable papers of this world have a full article on the takeover and cover the ground here -

'An Indian entrepreneur is close to completing a 25 million takeover of Blackburn Rovers after targeting the Lancashire club on account of the town`s large Asian population.

Blackburn`s board has given Saurin Shah, little known outside his home city of Mumbai, permission to begin the due diligence process after several weeks of secret talks. He hopes to complete the takeover by mid-July and to establish strong links not only with the town`s Indian population but also, more globally, with cricket`s Indian Premier League (IPL), of which his uncle, Niranjan, is deputy chairman.

Shah approached brokers in London about buying a Barclays Premier League club in April and quickly settled upon Blackburn after learning that the town has a large Asian population as well as historical links to the textile industry. According to the 2001 Census, 14.3 per cent of Blackburn`s population is of Indian origin, with a further 11.5 per cent of Pakistani origin.

Shah`s vision, through his Qubic Sports investment vehicle, is to create strong links between Blackburn and the IPL, which would allow cross- marketing. India is regarded by many Premier League clubs as an area of huge potential growth and Shah believes that his links with the IPL would leave Blackburn well placed to secure a strong position in that market.

Negotiations are taking place through Rothschild, the investment bank, and Chris Nathaniel, the chief executive of NVA Entertainment. Shah, with Nathaniel, attended Blackburn`s 2-1 victory over Arsenal at Ewood Park last month as a guest and has persuaded the board of his willingness to invest in the playing squad and in the club`s infrastructure.

Blackburn have unofficially been open to offers for the past three years, since the trustees of the late Jack Walker, who bankrolled the club to the Premier League title in 1995, made it clear that they were eager to offload their stake. The money from the Trustees of the Jack Walker 1987 Settlement has all but dried up, which has caused John Williams, the chairman, to search for new investment.

Williams said recently that, for the first time in several years, Blackburn expect to "revert to being a trading club rather than a selling club this summer", with Sam Allardyce, the manager, being given money to invest in his squad in part thanks to last season`s success in securing a top-half finish in the Premier League. Under Shah`s ownership, the intention would be for Blackburn to attract far greater commercial revenue in India and beyond, which would give the club the means to ensure that they remain an established and sustainable Premier League side.'

Could be the start of a new era???

Join The Vital Debate




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Mikey Delap Mail feedback, articles or suggestions

Date:Friday June 11 2010

Time: 8:43AM

Your Comments

Sounds promising!
Mikey Delap
I'm trying not to get too excited but if this does go through this may well be a new era. It won't be Man City style and tbh I wouldn't want that but if we can afford to increase our transfer kitty by a few million it can make one hell of a difference in the type of player we attract.
fransavarese
Whooo hoooo! There you go, I can finally quit being a closet Rovers fan.. lol :) Wow, I'm sure this will bring IMMENSE popularity to Rovers back here in India! But I have no clue who the bloke is, though.
JT_daniel
JT_daniel: You just have to find out then ;-) This is looking interesting if the guy is trust worthy. Don't hope we end up like Portsmouth....cheers
riisenholt
JY_daniel, second that, mate!
DubaiSpur
JT!!! your our man here, find out some info!
sasman
little known outside his home city of Mumbai.. and also the 25 million price.. worry me..
rover23
well.. i just hope JW stays as chairman.. hes the best in the business as far as im concerned..
92blue
Let's hope if this is all on the cards that it's all for the interest of the club. if so bring it on!
ITSALLROVER
25m seems a very low price to me...got to be skeptical about this, hope to god this guy has no debts, or has no intention to put our beloved club in to debt!
luke5045
sounds exciting. i didn't know lanchasire has a large indian population.
DommyWalker
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Morecambe extend Edwards loan (Thursday April 24 2014)

Dunn to play waiting game (Thursday April 24 2014)

Rovers disappoint again (Friday April 18 2014)

Rovers expecting DJ help (Thursday April 17 2014)

Marshall aiming for early return (Wednesday April 16 2014)

Archived Articles

List All Vital Blackburn Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
7. Brighton 44 17 15 12 12 66
8. Forest 44 16 17 11 7 65
9. Ipswich 44 17 14 13 6 65
10. Blackburn 44 16 16 12 5 64
11. Bournemouth 44 17 12 15 -1 63
12. Watford 43 15 15 13 17 60
13. Middlesbrough 44 14 16 14 7 58

Breaking League News

McAllister Not Ready To Hang His Boots Up Yet
Yeovil : 24/04/2014 23:11:00
Boss takes blame
Middlesbrough : 24/04/2014 22:49:00
Pearson - Now For 100 Points
Leicester City : 24/04/2014 22:44:00
Schmeichel - End The Season Like Champions
Leicester City : 24/04/2014 22:32:00
Beevers - We Can Get Three QPR Points
Millwall : 24/04/2014 22:11:00
DRFC Doncaster Rovers v Reading Team News
Doncaster : 24/04/2014 22:11:00
Richardson Hoping For Permanent Deal
Ipswich : 24/04/2014 22:00:00

Current Site Poll (view all polls)

Robbo for England? (again)
Suggested By:  VB Admin
Yes, as back up - why not? 55%
No, his time has been and gone 45%