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

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: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

Recent Blackburn Rovers Articles

How Much Have Blackburn Earned Since 1992?

With the £100million television ceiling being broken this season and handed to one club, where do Blackburn Rovers fall in all time Premier League payments table?

Slade, McLeish Or Coyle For Blackburn?

Former Cardiff boss Slade has been 'interviewed' whereas former Rangers & Birmingham boss McLeish and ex Burnley & Bolton boss Coyle have both been 'odds on favourite' in the past days.

Who Will Blackburn Face In 2016/17 (30/5/16)

All promotions and relegations for the season of 2015/16 have been confirmed, so the full make up of the Championship for 2016/17 is now known.

Graham Could Still Make Blackburn Move

Wigan, Birmingham & Preston are all being linked with Graham; Celtic could also make a move for the Sunderland striker who will leave the Stadium of Light on a free transfer.

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)

Reading MotM
Suggested By: Site Staff
Steele13%
Marshall5%
Duffy1%
Hanley2%
Kilgallon6%
Lenihan6%
Lowe1%
Jordi Gomez1%
Bennett2%
Graham56%
Grimes1%
Sub - Evans2%
Sub - Jackson2%
Sub - Conway2%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Burnley 46 26 15 5 93 37
P Middlesbrough 46 26 11 9 89 32
3 Brighton 46 24 17 5 89 30
4 Hull City 46 24 11 11 83 34
5 Derby County 46 21 15 10 78 23
6 Sheff Wed 46 19 17 10 74 21
7 Ipswich 46 18 15 13 69 2
8 Cardiff 46 17 17 12 68 5
9 Brentford 46 19 8 19 65 5
10 Birmingham 46 16 15 15 63 4
11 Preston 46 15 17 14 62 0
12 Q.P.R. 46 14 18 14 60 0
13 Leeds Utd 46 14 17 15 59 -8
14 Wolves 46 14 16 16 58 -5
15 Blackburn 46 13 16 17 55 0
16 Forest 46 13 16 17 55 -4
17 Reading 46 13 13 20 52 -7
18 Bristol City 46 13 13 20 52 -17
19 Huddersfield 46 13 12 21 51 -11
20 Fulham 46 12 15 19 51 -13
21 Rotherham 46 13 10 23 49 -18
R Charlton 46 9 13 24 40 -40
R MK Dons 46 9 12 25 39 -30
R Bolton 46 5 15 26 30 -40
Latest F1 News
Latest Vital Boxing News

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Walker7
2.dallydally6
3.@roverseas5
4.mobyduck5
5.captain _midnight3
6.tonys1
7.jimbogeesus1