Vital Football

Latest Blackburn Rovers News

And you thought Venky's were bad!

And you thought Venky's were bad!

Rovers may not be faring to well as things stand but at least Venky's have the money they say they have - unlike rival competitor Ashan Ali Syed.

Ali Syed was seemingly in pole position to take over Rovers in 2010 but was overtaken in the home straight by new Indian owners Venky's after the owners lost faith in the owner of Western Gulf Advisory.

Ashan was riddled with bad reports in the press during the sale process and lost out in the end when it became clear that the tight financial restrictions now in place in English football would scupper any deal.

And it seems that the negative press may have been close to home as it seems that Ali Syed's spell in ownership of Spanish club Racing Santander has been nothing short of a disaster.

Football Economy publication is reporting - 'Blackburn Rovers fans may have had a lucky escape when Ashan Ali Syed failed to pursue a bid for the club last year. His interest faded quickly when he became aware of the scrutiny of financial disclosure rules.

Now he has turned up at Racing Santander in Spain's northern autonomous region of Cantabria. He bought a majority stake in the club for €30m through West Gulf Advisory (WGA), his Swiss-Bahraini investment company. The players are in revolt after he missed four deadlines to pay €1.7m in wages owed to 11 players since last season. Racing have borrowed €2m this month from a source that specialises in arranging loans.

La Liga does not conduct such rigorous checks on prospective owners as the Premier League. WGA had its Bahrain licence suspended by the country's Industry and Commerce Ministry for 'violating the laws and regulations' of the Emirates after multiplying its assets from $64m to $1.2bn in one year. Ali's command of Spanish is limited to 'hola' and 'gracias'.'

Counting our lucky stars?

Join The Vital Debate



Click here to join in the debate on the club forum.

Writer:Mikey Delap
Date:Sunday April 24 2011
Time: 1:33PM

Comments

0
OUCH! Would suck to be a Racing Santander player right now!!!
Mikey Delap
24/04/2011 14:38:00
0
Frying pan / fire anyone?
rossp2112
24/04/2011 21:08:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Vital F1 - All talk on Ferrari

Recent Blackburn Rovers Articles

League One Make Up For 2017/18

All promotions and relegations for the season of 2016/17 have been confirmed, so the full make up of League One for 2017/18 is now known.

Top Championship Google Searches 2016/17

Newcastle United topped Google searches for 2016/17 with Aston Villa following in second place, but which other clubs featured in the top ten.

New EFL Radio Deal Starts 2017/18

The Football League confirmed yesterday that a new three year deal with Talksport and the BBC had been signed to increase radio broadcast coverage from next season.

Mowbray Happy With 'Positive' & 'Productive' Talks

Mowbray was happy with discussions that took place with Venky's and feels he can finally move forward having met the people he's working for, who will allow him complete control?

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile

Current Poll (see more polls)

Will Blackburn bounce back?
Suggested By:
Yes, as League One champions48%
Yes, as runners up3%
Yes, via the play-offs7%
No42%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
C Newcastle 46 29 7 10 94 45
P Brighton 46 28 9 9 93 34
3 Reading 46 26 7 13 85 4
4 Sheff Wed 46 24 9 13 81 15
5 Huddersfield 46 25 6 15 81 -2
6 Fulham 46 22 14 10 80 28
7 Leeds Utd 46 22 9 15 75 14
8 Norwich 46 20 10 16 70 16
9 Derby County 46 18 13 15 67 4
10 Brentford 46 18 10 18 64 10
11 Preston 46 16 14 16 62 1
12 Cardiff 46 17 11 18 62 -1
13 Aston Villa 46 16 14 16 62 -1
14 Barnsley 46 15 13 18 58 -3
15 Wolves 46 16 10 20 58 -4
16 Ipswich 46 13 16 17 55 -10
17 Bristol City 46 15 9 22 54 -6
18 Q.P.R. 46 15 8 23 53 -14
19 Birmingham 46 13 14 19 53 -19
20 Burton 46 13 13 20 52 -14
21 Forest 46 14 9 23 51 -10
R Blackburn 46 12 15 19 51 -12
R Wigan 46 10 12 24 42 -17
R Rotherham 46 5 8 33 23 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Vital Football Comment