UK time is: 22:38:39
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

Rovers Look At Cuellar And Spence (Wednesday July 30 2014)

The Rovers Number One (Wednesday July 30 2014)

Maybe Rochina Might Stay?? (Tuesday July 29 2014)

Rudy Absence In The Balance (Tuesday July 29 2014)

Rovers In Need Of A Right-Back (Tuesday July 22 2014)

Rovers Keane On Michael Again (Saturday July 19 2014)

Strengthen The Defence (Wednesday July 16 2014)

Best If Leon And Rovers Part (Wednesday July 16 2014)

Marrow leaves Rovers (Tuesday July 15 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

Vital Members League (view all)

1. Walker 66
2. Mikey Delap 50
3. dallydally 49
4. Sasman! 26
5. *Dave* 22
6. Marcus:) 10
7. chris_rovers 9
8. rhodie110961 7
9. fransavarese 7
10. adam_quirk 5

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
1. Birmingham 0 0 0 0 +0 0
2. Blackburn 0 0 0 0 +0 0
3. Blackpool 0 0 0 0 +0 0
4. Bolton 0 0 0 0 +0 0
5. Bournemouth 0 0 0 0 +0 0
6. Brentford 0 0 0 0 +0 0
7. Brighton 0 0 0 0 +0 0

Breaking League News

Fantastic opportunity says newcomer
Middlesbrough : 31/07/2014 21:49:00
Boro set to sign winger
Middlesbrough : 31/07/2014 21:41:00
Boss not satisfied
Middlesbrough : 31/07/2014 21:36:00
Boro win again
Middlesbrough : 31/07/2014 21:32:00
McDaid sent off as game turns into a mass brawl
Leeds Utd : 31/07/2014 20:46:00

Current Site Poll (view all polls)

Will Ruben Rochina stay at Ewood Park this season?
Suggested By:  Walker
Yes (and that's a good thing) 60%
Yes (and that's a bad thing) 0%
No (and that's a good thing) 0%
No (and that's a bad thing) 10%
If he does he'll go in January anyway!! 30%