Writer: Mikey Delap
Date:Sunday April 24 2011
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?
Date:Sunday April 24 2011
Rovers disappoint again (Friday April 18 2014)
Rovers expecting DJ help (Thursday April 17 2014)
Marshall aiming for early return (Wednesday April 16 2014)
Bowyer not pleased with Rovers lapses (Sunday April 13 2014)
Stats: Sheffield Wednesday v Blackburn Rovers (Saturday April 12 2014)
Millwall set to end Campbell loan (Thursday April 10 2014)
Etuhu facing another spell on the sidelines (Thursday April 10 2014)
Bowyer delighted with Rovers (Wednesday April 9 2014)
Stats: Blackburn Rovers v Queens Park Rangers (Wednesday April 9 2014)
Lowe back in the squad, Evans doubtful (Monday April 7 2014)
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