Date:Sunday June 17 2007
News appearing in today`s The People newspaper has pointed us in the direction of Rovers mysterious buyer…none other than a Rovers fan!!!
American-based entrepreneur Daniel Williams is reportedly the man behind a bid, believed to be in the region of £67million. He has already been dubbed the 'new Jack Walker` because of his passion for the club.
If reports are true, he is selling all of his assets at the moment to raise the capital required to buy the club he supports. This will undoubtedly be music to the ears of Rovers fans who have met the news of a takeover with hesitant mild approval.
For Williams, this will be the fulfillment of a life`s dream and will be bringing back former director Walter Hubert, whom Jack Walker bought Rovers from two decades ago.
Williams is the brains behind American-based Nuttall Investments. He set up the company, with American backers, and showed his allegiance to Rovers by naming it Nuttall after the street where one of the Blackburn stands is built - a touch that will go down well with fans.
Williams is a UK citizen who wants to protect the heritage of the club and pump in cash to give Mark Hughes money for new players, while improving marketing.
Originally it is thought he bid £43million, based on a similar price paid by Randy Lerner for Aston Villa.
In the past three months Rovers have talked the price up to a staggering £67million, which will go to Walker's family via his Jersey-based trust. So Blackburn's board and the trustees owe a huge debt to Hughes and his players, who made the club more attractive by finishing strongly and making Europe. This would also suggest that Rovers are indeed 'bigger' than some of these other so called 'big' clubs, when it is compared to money.
It is a huge relief that the two men heading the consortium are Rovers fans and have past links to the club. This will encourage many as it will hopefully maintain the clubs image and integrity.
The only slight worry and disappointment arising from this news is that John Williams could indeed lose his job. This would be a shame considering what he has done for the club.
It would appear that a take-over has been on the cards for the past two years after the Walker trustees set about finding a suitable buyer. There has been interest from an Eastern European bidder and a Malaysian group but it would appear as though Williams`s consortium has been met with approval.
Despite Williams heading the consortium and he himself divulging the majority of the cash it would appear as though American backers are helping with the bid.
This projected take-over could be great news for Rovers as not only will they have the financial clout to compete but also have fans at the helm to take the club to the next stage, thus maintaining the clubs heritage and identity. The likelihood is the take-over could be finalised within a month`s time.
Date:Sunday June 17 2007
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