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

Recent Blackburn Rovers Articles

Video - Championship Goals, 21st-22nd April 2017

The Championship season continued with the latest round of games played over the weekend.

Stats: Wolverhampton Wanderers v Blackburn

All the stats from Wolverhampton Wanderers (0) vs (0) Blackburn, Molineux, 22/04/17 Att: 20,249

Team Sheets - Wolves v Blackburn

Blackburn go to Molineux as the visitors to Wolves for the latest Championship game.

Follow Live On Twitter - Wolves v Blackburn

Blackburn go to Molineux as the visitors to Wolves today, this will be a 3pm kick-off.

Archived Vital Blackburn Articles

Vital Blackburn articles from

Site Journalists

Walker
Editor email
Profile
VitalRovers
no email
Profile

Current Poll (see more polls)

Wolves MotM
Suggested By:
Raya50%
Nyambe0%
Lenihan0%
Ward0%
Mulgrew0%
Williams0%
Bennett0%
Lowe0%
Guthrie0%
Conway0%
Gallagher0%
Sub-Graham0%
Sub-Lucas Joao0%
Sub-Emnes50%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
P Brighton 44 28 8 8 92 35
2 Newcastle 43 26 7 10 85 37
3 Reading 44 24 7 13 79 1
4 Sheff Wed 44 23 9 12 78 15
5 Huddersfield 43 24 6 13 78 2
6 Fulham 44 21 13 10 76 27
7 Leeds Utd 44 22 7 15 73 14
8 Norwich 44 19 9 16 66 12
9 Brentford 44 18 9 17 63 12
10 Derby County 44 17 12 15 63 2
11 Preston 43 16 13 14 61 5
12 Aston Villa 44 16 13 15 61 0
13 Cardiff 44 16 11 17 59 -2
14 Barnsley 44 15 12 17 57 0
15 Wolves 43 15 10 18 55 -2
16 Ipswich 44 13 16 15 55 -6
17 Bristol City 44 14 9 21 51 -6
18 Burton 44 13 12 19 51 -12
19 Q.P.R. 44 14 8 22 50 -12
20 Forest 44 13 9 22 48 -11
21 Birmingham 44 11 14 19 47 -22
22 Blackburn 44 10 15 19 45 -15
23 Wigan 44 10 11 23 41 -16
R Rotherham 44 5 6 33 21 -58
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Blackburn Rovers Results (view all)

Blackburn Rovers Fixtures (view all)

Apr 29 2017 3:00PM : Aston Villa (H)
Sky Bet Championship
May 7 2017 12:00PM : Brentford (a)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.roveritejon1
The Vital Football Members League