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.