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Rival bidder to Ali Syed exposed

Blackburn Rovers takeover has taken a new twist and that twist has now become public - there is a rival bidder in the market and he could be ready to trump Ahsan Ali Syed.

The Daily Mirror are first on the scene reporting that the wealthy Indian Mahindra Group have lodged a bid for the club and could provide some serious capital for Rovers to invest.

The Daily Mirror reports - 'Blackburn Rovers are ready to dump a takeover bid by Indian 'billionaire` Ahsan Ali Syed - in favour of a rival offer.

The Asian investor has been trying to buy the club for the past two months but Rovers asked for more time before completing as they quizzed his group about their plans and funding.

Syed, who has opened an office for his Western Gulf Advisory company in London, wants to pump in cash but Rovers are keen to be sure how safe the deal is as they look for a new owner.

WGA apparently have fortunes in their company accounts but questions have been raised about the money in Bahrain where they were told to shut an office.

Rovers are also talking to rival bidders, with the wealthy Indian company Mahindra group among the contenders as interest grows in the Premier League outfit.

Boss Sam Allardyce is anxiously waiting on a sign of new investment. He has been forced to work on a tiny budget and is still looking in the bargain market before the next window.'

With the next transfer window not until January there is now plenty of time to get this right.

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The Journalist

Writer: Mikey Delap Mail feedback, articles or suggestions

Date:Monday October 4 2010

Time: 8:42AM

Your Comments (oldest first)

Change to most recent first
It's hotting up I can feel it!!!
Mikey Delap
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04/10/2010 09:25:00

just hope theres no more delays and it gets sorted out as soon as possible
LHrover
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04/10/2010 10:15:00

According to the LET, it's not the Mahindra Group
Stubbs
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04/10/2010 10:43:00

Is it a case of one upmanship goin on as every bleeding investor is coming from India.
mutts nutts
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04/10/2010 13:51:00

Maybe they could all combine to create a massive super power!?! lol
Mikey Delap
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04/10/2010 15:46:00

Still hoping it's Syed who can complete the takeover, it's been months already. If he's serious about buying, take it or leave it. We'll move on.
metalrover
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05/10/2010 00:42:00

no mention of the secret aussie bid ey?
sasman
Report Abuse
06/10/2010 00:30:00

We thought we'd leave that to you?!
Mikey Delap
Report Abuse
06/10/2010 11:28:00

 

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