Vital Football

Latest Blackburn Rovers News

Ali Syed to finish due diligence this week

Ali Syed to finish due diligence this week

Ashan Ali Syed is expected to complete his due diligence of Blackburn Rovers this upcoming week.

Syed has been doing his best to raffle through the books at Rovers and his spokeswoman has confirmed that things are progressing well, allaying rumours/fears that the deal wasn't going well.

Syed has conceded however that it won't be until mid-September at the very earliest that the deal could be completed with complexities dragging the deal out.

His spokeswoman Julia Thiem released a statement a short while ago.

Julia Thiem, spokeswoman for Western Gulf Advisory, Syed's investment company, is quoted in the Guardian as saying - 'We are progressing well and hopeful of completing the due diligence process this week. It's fingers crossed for that. Then we will approach the Premier League to complete the paperwork needed. We also have to make an offer to the minority shareholders of the club.'

Thiem was then asked whether Syed could hold executive power over Rovers.

Thiem continued - 'It is a little more complicated because of [the majority] of the club being owned by a trust. The lawyers say this could make the deal longer to conclude. We hope it could be done by the middle or end of September. But it is difficult to know at the moment.'

Syed massive wealth (he owns absolutely shed loads of companies and has amassed more than enough money to live out his life in unimaginable luxury) has allowed him to be in a position to finance the deal personally, which is believed to be a massive attraction to the current Rovers owners, Vinjay's mates the Trustees.

Syed outlined his ambitions for the mighty Rovers in a previous interview with the Guardian earlier this month.

Syed himself said to the Guardian - 'There's huge potential. We need to be more innovative. If you go back in history [Manchester] United and Real Madrid started somewhere. They did not start as giants.

'The first step is to maintain Premier League status, enhance the capabilities of the academy, see if there lies potential to increase the seating of the stadium, help Big Sam [Allardyce] with the transfer budget and to market the club rightly in other parts of the world, specifically in India, the far east and Middle East.'

Join The Vital Debate



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

Writer:Mikey Delap
Date:Saturday August 28 2010
Time: 5:48PM

Comments

0
Bit on a update for y'all as we say in the hood...
Mikey Delap
28/08/2010 17:50:00
0
Yes! Ensue orgasm.
roversfanben
28/08/2010 21:01:00
0
It will be interesting to see what the offer is to the minority shareholders. Will their shares be compulsorily purchased or will they be allowed to keep their holdings?
Ewoodrover
28/08/2010 23:54:00
0
i always thought the jack walker family owned 99.9% of the club and a 'mysterious' person owned the other 0.1%, so minority shareholder would be the dude who owns the 0.1% ?
LHrover
29/08/2010 00:33:00
0
It's me - tell Syed I'll take £100,000 o.n.o
FreidelNo.1
29/08/2010 08:54:00
0
Cheers for that Mikey been wondering whats been going on in regards to this..Nice to have an update.
oziroversfan
29/08/2010 11:20:00
0
I always knew you had some dodgy dealings FN1!!! ;)
Mikey Delap
29/08/2010 12:10:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Blackburn Rovers Articles

Championship 2016/17 Golden Boot Battle (27/3/17)

The final international break of the Championship 2016/17 season ticks on by and this year could see a number of players break the 20 goal mark.

Championship Cost Per Goal So Far In 2016/17

The end of the Championship campaign of 2016/17 is only a month and a bit away from fans across the country but as we go in to the remaining weeks of the campaign...

Positive Signs For Bennett

Bennett was positive of Blackburn being able to see off Lancashire rivals Preston heading into this game at Ewood Park after the Norwich and Fulham results.

Minor Graham Setback

Blackburn had to do without Danny Graham against Preston following the groin problem that forced him off against Fulham last week. He could return against Brighton next week.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile

Current Poll (see more polls)

Preston MotM
Suggested By:
Steele2%
Nyambe12%
Mulgrew12%
Lenihan0%
Williams12%
Bennett12%
Lowe0%
Guthrie25%
Conway0%
Lucas Joao25%
Emnes0%
Sub-Mahoney0%
Sub-Gallagher0%
Sub-Feeney0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 38 24 6 8 78 38
2 Brighton 38 23 8 7 77 30
3 Huddersfield 37 22 5 10 71 4
4 Leeds Utd 38 21 6 11 69 16
5 Reading 38 20 7 11 67 2
6 Sheff Wed 38 18 8 12 62 9
7 Fulham 38 16 13 9 61 19
8 Norwich 38 16 9 13 57 9
9 Preston 38 15 12 11 57 6
10 Derby County 38 14 11 13 53 3
11 Barnsley 38 14 9 15 51 0
12 Aston Villa 38 13 12 13 51 0
13 Cardiff 38 14 9 15 51 -1
14 Brentford 38 14 8 16 50 3
15 Q.P.R. 38 14 8 16 50 -5
16 Wolves 37 12 9 16 45 -2
17 Ipswich 38 10 15 13 45 -9
18 Birmingham 38 11 12 15 45 -16
19 Bristol City 38 11 8 19 41 -3
20 Forest 38 11 8 19 41 -11
21 Burton 38 10 11 17 41 -14
22 Blackburn 38 9 13 16 40 -11
23 Wigan 38 8 10 20 34 -13
24 Rotherham 38 4 5 29 17 -54
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Apr 1 2017 3:00PM : Brighton & Hove Albion (a)
Sky Bet Championship
Apr 4 2017 8:00PM : Reading (a)
Sky Bet Championship
Apr 8 2017 3:00PM : Barnsley (H)
Sky Bet Championship
Apr 14 2017 3:00PM : Nottingham Forest (a)
Sky Bet Championship
Apr 17 2017 3:00PM : Bristol City (H)
Sky Bet Championship
Apr 22 2017 3:00PM : Wolverhampton Wanderers (a)
Sky Bet Championship
Vital Football Comment