UK time is: 08:45:29
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Ali Syed statement

Potential Rovers owner Ashan Ali Syed has spoken this morning about last night's allegations that his Bahrain foreign investment company has been forced to close.

He seems to have set the record straight by saying he is merely complying with Bahrain Authorities and that there is no outside investor other than the man himself.

In a statement this morning, Mr Syed told the Lancashire Telegraph - "There is no hidden investor or any outside wealth involved in any way in the investment activities of Western Gulf Advisory ('WGA`).

'All our investments are based on our own financial resources and strength, and I am the sole shareholder of the company.

"The Bahraini authorities have asked for clarification on WGA`s investment activities and we are co-operating fully with their enquiries.

'Our Bahrain business is a separate entity to our European businesses such as Western Gulf Advisory AG, based in Switzerland, which have been responsible for executing most of WGA`s current investments, such as J&M McCabe in Ireland and Landmark in Australia.

'WGA`s investments are always made by one of its European entities and this will also be the case for the potential takeover of Blackburn Rovers.

'Our Bahrain business is a separate entity which is not involved in investment activities of WGA at all and has in fact very limited scope of activities."

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:Tuesday August 31 2010

Time: 1:39PM

Your Comments

Hope this might help???
Mikey Delap
As I said earlier today (and I think I recall you saying something similar) it's probably just all been blown out of proportion. We have no understanding of the Bahranian law, and it's probably something laughable that they require WGA to do. I have no worries about his finances, or his business acumen.
roversfanben
Let wait till the takeover completes, to know whether Syed is telling the truth.
metalrover
 

Have Your Say

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

Recent Blackburn Rovers Articles

Duffy Heading To Ewood (Friday August 29 2014)

Slew Heads Out On Loan (Friday August 29 2014)

Hull Admit Defeat!! (Wednesday August 27 2014)

Rovers Add Another Goalkeeper (Wednesday August 27 2014)

Rhodes Praised (Monday August 25 2014)

Just The Response Bowyer Expected (Sunday August 24 2014)

Rovers Defiant!! (Saturday August 23 2014)

Player(s) Plus Cash For Rhodes?? (Saturday August 23 2014)

Archived Blackburn Rovers Articles

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

League Results (view all)

League Table (view table)

Team P W D L GD Pts
11. Bournemouth 5 2 1 2 3 7
12. Wigan 5 2 1 2 3 7
13. Brighton 5 2 1 2 1 7
14. Blackburn 5 2 1 2 -2 7
15. Reading 5 2 1 2 -3 7
16. Middlesbrough 5 2 0 3 0 6
17. Rotherham 5 2 0 3 -3 6

Breaking League News

5m Defender To Sign
Cardiff : 01/09/2014 08:00:00
RUFC - Evans Won't Just Sign Anyone
Rotherham : 01/09/2014 07:56:00
RUFC - View From The Opposition - Brentford
Rotherham : 01/09/2014 07:40:00
LUFC Keep up to date with deadline day deals
Leeds Utd : 01/09/2014 07:24:00
LUFC On This Day - September 1st
Leeds Utd : 01/09/2014 07:14:00

Current Site Poll (view all polls)

Blackburn Rovers Man of the Match against Wolves?
Suggested By:  Walker
Robinson 0%
Hanley 0%
Lowe 0%
Henley 0%
Baptiste 0%
Conway (off 89) 0%
Evans 0%
Marshall (off 73) 0%
Cairney 0%
Williamson (off 73) 0%
Rhodes 0%
Substitute: Taylor (on 73) 0%
Substitute: Dunn (on 73) 0%
Substitute: Varney (on 89) 0%