UK time is: 07:40:00
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

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




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:Sunday April 24 2011

Time: 1:33PM

Your Comments

OUCH! Would suck to be a Racing Santander player right now!!!
Mikey Delap
Frying pan / fire anyone?
rossp2112
 

Have Your Say

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

Recent Blackburn Rovers Articles

Bowyer: Another Magnificent Effort!! (Tuesday October 28 2014)

Marvellous Marshall (Tuesday October 28 2014)

Rovers Preview: Nottingham Forest (a) (Saturday October 25 2014)

Win The Most Important Thing (Thursday October 23 2014)

Rovers Loan Lenihan To Burton (Thursday October 23 2014)

O'Sullivan And Raya Extend Loans (Tuesday October 21 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)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
5. Middlesbrough 14 7 3 4 7 24
6. Norwich 14 6 5 3 10 23
7. Forest 14 5 7 2 7 22
8. Blackburn 14 6 4 4 1 22
9. Charlton 14 5 7 2 1 22
10. Ipswich 14 5 6 3 4 21
11. Cardiff 14 5 4 5 1 19

Breaking League News

LUFC On This Day - October 31st
Leeds Utd : 31/10/2014 07:15:00
Lennon: Adams Was The Right Choice
Norwich : 31/10/2014 07:00:00
Rowett Attention to Detail Revealed
Birmingham : 31/10/2014 07:00:00
Davis Thankful for Wolves Time
Birmingham : 31/10/2014 07:00:00
Ince Perfect For Pearce!
Forest : 31/10/2014 00:21:00

Current Site Poll (view all polls)

Blackburn Rovers Man of the Match v Nottingham Forest?
Suggested By:  Walker
Steele 0%
Baptiste 0%
Hanley 0%
Duffy 0%
Olsson 0%
Tunnicliffe 0%
Williamson 20%
Evans (off 63) 0%
Marshall (off 78) 0%
Cairney 0%
Rhodes (off 88) 20%
Substitute: Gestede (on 63) 20%
Substitute: Conway (on 78) 0%
Substitute: Varney (on 88) 40%