Vital Football

Latest Blackburn Rovers News

Takeover is on the cards... FINALLY

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

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

Writer:Mikey Delap
Date:Friday June 11 2010
Time: 8:43AM

Best of Vital Network

Vital Boxing - Dan Blackwell Retires

Comments

0
Sounds promising!
Mikey Delap
11/06/2010 09:20:00
0
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
11/06/2010 10:01:00
0
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
11/06/2010 10:37:00
0
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
11/06/2010 10:50:00
0
JY_daniel, second that, mate!
DubaiSpur
11/06/2010 11:23:00
0
JT!!! your our man here, find out some info!
sasman
11/06/2010 12:25:00
0
little known outside his home city of Mumbai.. and also the £25 million price.. worry me..
rover23
11/06/2010 14:00:00
0
well.. i just hope JW stays as chairman.. hes the best in the business as far as im concerned..
92blue
11/06/2010 14:52:00
0
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
11/06/2010 16:00:00
0
£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
11/06/2010 18:39:00
Page 1/2
  1. 1
  2. 2

Login to post a comment

Recent Blackburn Rovers Articles

Match Day Officials v Rotherham (30/4/16)

The Football League have now announced the Match Day officials that will take charge of the game against Rotherham United this weekend.

Audio - Lambert Discusses Summer Departure

Manager Paul Lambert has spoken following his decision to leave Blackburn Rovers at the end of the season.

Blackburn - Football League Dates 2016/17

The Football League, or the brainless EFL rebrand, have today released the key dates for the coming 2016/17 season.

Who Will Blackburn Face In 2016/17 (26/4/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile
Mikey Delap
no email
Profile
Sasman!
no email
Profile

Current Poll (see more polls)

Bristol City MotM
Suggested By:
Steele2%
Lowe0%
Hanley7%
Ward0%
Kilgallon0%
Mahoney35%
Akpan0%
Evans7%
Marshall0%
Gomez0%
Graham42%
Sub-Conway0%
Sub-Jackson7%
Sub-Lenihan0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Burnley 44 24 15 5 87 33
2 Middlesbrough 44 26 9 9 87 32
3 Brighton 44 24 15 5 87 30
4 Hull City 44 23 11 10 80 31
5 Derby County 44 21 14 9 77 24
6 Sheff Wed 44 18 17 9 71 19
7 Cardiff 44 17 16 11 67 8
8 Ipswich 44 16 15 13 63 0
9 Birmingham 44 16 13 15 61 4
10 Brentford 44 17 8 19 59 -2
11 Preston 44 14 16 14 58 -1
12 Leeds Utd 44 14 16 14 58 -7
13 Q.P.R. 44 13 18 13 57 0
14 Wolves 44 13 15 16 54 -6
15 Reading 44 13 13 18 52 -4
16 Huddersfield 44 13 12 19 51 -3
17 Forest 44 12 15 17 51 -5
18 Blackburn 44 11 16 17 49 -3
19 Rotherham 44 13 10 21 49 -13
20 Bristol City 44 12 13 19 49 -20
21 Fulham 44 11 15 18 48 -11
R MK Dons 44 9 12 23 39 -28
R Charlton 44 8 13 23 37 -38
R Bolton 44 4 15 25 27 -40
Latest F1 News
Latest Vital Boxing News

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Apr 30 2016 3:00PM : Rotherham United (a)
Sky Bet Championship
May 7 2016 12:30PM : Reading (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.Walker12
2.jimbogeesus2
3.@roverseas2
4.Dublin_Rover1