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Williams To Finalise Rovers Takeover

Williams To Finalise Rovers Takeover

Blackburn Rovers have been the subject of a protracted takeover for several months, this COULD be about to come to a dramatic climax with Rovers Manager Mark Hughes handed big money to spend?

Dan Williams appeared to be the leading candidate to take over Rovers, but even though talk may have gone quite on a Rovers takeover (in public anyway) behind closed doors discussion have carried on (as were always going to be the case) as a proposed deal was hopefully thrashed out. These things ALWAYS take time, and although it may have seemed to have taken an extra long time it has been vital to ENSURE the best for Rovers comes out of ANY takeover.

Reports (in the Daily Mirror) on Tuesday were that Williams has laid down his £45 million offer to buy the club, and is just waiting for the answer for the Walker Trusties. However, he is scheduled to fly in from his American base later this week to hopefully tie up the lose ends of the deal ahead of the close of the summer transfer window.

Should he tie up the deal then he will clear Rovers debts (understood to be £20 million) and will then, as a stipulation of ANY DEAL have to ensure that money is invested in the club (which has been raised by Williams, and his Nuttall Investment group over the last few weeks, with OTHER investors also in place!) that enables Hughes to invest this in NEW players, and it is also understood that he will in actual fact hand Sparky a £25 million kitty to spend BEFORE the close of the current transfer window!!!

IF (the big if!!!) this can go through Williams will be installed as they new Rovers chairman, however, current chairman John Williams (no relation to Dan) is wanted as part of the new board, and is believed to have a MAJOR role to play in the club.


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Writer:Walker
Date:Tuesday August 21 2007
Time: 8:42PM

Comments

0
It's getting a little more exciting again this takeover talk isn't it?!?! However, this was in the Mirror!!!
Hughes Da Man
21/08/2007 20:44:00
0
I am glad to hear that John Williams will be reatined... he has been nothing short of superb at our club. And this has made me feel excited about the future (even more so)...
MikeyGamst
21/08/2007 20:47:00
0
HELL YEAH!!! John Williams has been great for this club, so retaining him is really good news (god it makes a change for discussion not involving angry Arsenal fans lol! I just got soooo bored of that. I tire of having to defend Rovers, we know what we are about, if others don't I've basically gone past caring!)
Hughes Da Man
21/08/2007 20:50:00
0
i just hope this guy has rovers long term inerests at heart and although i havent read anythin from him i cannot be convinced however i would loved to be proved wrong! and i said it before sparky is dangerous with 10 mil imagine 25 mil i really hope he doesnt buy overpriced crap a la west sham!
durks de rover
21/08/2007 22:06:00
0
I don't think Hughesy would buy overpriced crap like the Spammers, he's too good for that. It would be interesting to see who goes and who he would buy - either way I have the fullest confidence in him. It is great that John Williams is staying it keeps the stability. Hopefully, we would get a some cover for the full-back roles.
Wellsy
22/08/2007 08:15:00
0
I have to agree with Wellsy, I don't think Sparky will by overpriced cr@p. Even with money at disposal at the beginning of the season, he brought in a Champions League winner for just over £3 million, and two relatively unknowns for less than £1 million. He managed to ger £750K for Todd and around th same for Jeffers. He is a canny wheeler dealer. However, as I understand the financial situation at present, The Walkers will never allow Rovers to go into debt, and we will always be in the black. Any overspending is put right by the trust, and the trust are compensated to the amount they fork out, from sales of players, etc. I am guessing with a new owner this would not be the case. Even though the immediate injection of funds will be good, will it be beneficial to Blackburn in the long term. We can only hope that David Williams (it will be confusing having two Mr Williams on the board!) has the same passion for Blackburn, and drive, that Uncle Jack did.
Decimus Poole
22/08/2007 09:04:00
0
I am excited about this potential takeover, even more so with the news that J.W. will still have a major part to play. He has been amazing for this club! On the issue of spending...Hughes with cash could be dangerous. I read an article tother day about someone reckoning Rovers could evenutally challenge Utd and Chelsea (far-fetched I know) but based this on the ability of Hughes to attract big names and the fact he has made the club an attractive proposition again. Strong comparisons to the early Dalglish days! So would be interesting to see who he brings in!
roversman
22/08/2007 09:13:00
0
Hughes doesnmt do over priced crap lads... he is careful with what he spends, he has shown that so far. Hughes is up their with Redknapp in the wheeler dealer stakes. This takeover has GOOD written all over it. Lets embrace it.
MikeyGamst
22/08/2007 09:55:00
0
Yes indeed embrace it, it would be a start of a new era really, Walker will never be forgotten, but we really do need extra cash to keep up with the other teams that have been taken over. Keeping hold of Hughes is the key as well and with money to spend im sure it would keep him that bit longer.
roverjoy
22/08/2007 10:32:00
0
Hey HDM, where did you get the details for this article? Are you at liberty to reveal your sources?
theirishrover
22/08/2007 11:19:00
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