UK time is: 19:29:55
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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




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:Saturday August 28 2010

Time: 5:48PM

Your Comments (oldest first)

Change to most recent first
Bit on a update for y'all as we say in the hood...
Mikey Delap
Report Abuse
28/08/2010 17:50:00

Yes! Ensue orgasm.
roversfanben
Report Abuse
28/08/2010 21:01:00

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
Report Abuse
28/08/2010 23:54:00

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
Report Abuse
29/08/2010 00:33:00

It's me - tell Syed I'll take 100,000 o.n.o
FreidelNo.1
Report Abuse
29/08/2010 08:54:00

Cheers for that Mikey been wondering whats been going on in regards to this..Nice to have an update.
oziroversfan
Report Abuse
29/08/2010 11:20:00

I always knew you had some dodgy dealings FN1!!! ;)
Mikey Delap
Report Abuse
29/08/2010 12:10:00

 

Have Your Say

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

Recent Blackburn Rovers Articles

Dunn Confirms Ewood Departure (Monday April 27 2015)

A Long Rhodes Since (Monday April 27 2015)

Audio - Bowyer On Huddersfield Draw (Saturday April 25 2015)

Blackburn 2-0 Millwall - Champ (Wednesday April 22 2015)

Audio - Bowyer On Millwall Win (Wednesday April 22 2015)

Opportunity Knocks (Wednesday April 22 2015)

Stats: Blackburn v Millwall (Tuesday April 21 2015)

Archived Blackburn Rovers Articles

List All Vital Blackburn Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Publishing Entire League Network of Sites

Vital Members League (view all)

1. Walker 58
2. dallydally 20
3. rovers2011 17
4. Sasman! 15
5. rover50 15
6. roverjoy 4
7. Adrian Daykin 2
8. rhodie110961 1
9. Mhaycocks 1

League Results (view all)

League Table (view table)

Team P W D L GD Pts
6. Derby County 45 21 14 10 32 77
7. Brentford 45 22 9 14 16 75
8. Wolves 45 21 12 12 12 75
9. Blackburn 45 16 16 13 6 64
10. Charlton 45 14 18 13 -3 60
11. Birmingham 45 15 15 15 -11 60
12. Forest 45 15 14 16 3 59

Breaking League News

McClaren On Millwall Rollercoaster
Derby County : 27/04/2015 19:27:01
Bournemouth v Bolton - Team Sheets
Bolton : 27/04/2015 19:11:01
Fox - We Got What We Deserved
Charlton : 27/04/2015 18:58:00
Luzon - Worst Performance Yet
Charlton : 27/04/2015 18:48:01
Ecuele Manga Bags Player Of The Season
Cardiff : 27/04/2015 18:28:00

Current Site Poll (view all polls)

Huddersfield MotM
Suggested By:  Site Staff
Eastwood 0%
Henley 0%
Lenihan 100%
Spurr 0%
Olsson 0%
Taylor 0%
Williamson 0%
Evans 0%
Conway 0%
Gestede 0%
Rhodes 0%
Sub - Cairney 0%
Sub - King 0%