[Archived] Nickos (newer) Thread

[HemelRover]

Im guessing its this one that Nicko was talking about.

http://www.people.co.uk/sport/football/tm_...-name_page.html

According to the Times Rich List he is the 562th richest person in Britian and Ireland worth £142 million in 2008, down from £150 million in 2007.

[roverfanuk]

New bidder for Rovers: http://www.people.co.uk/sport/football/tm_...-name_page.html

[bob fleming]

Whatabout the takeover story? It's in the edition at any rate.

"Nabeel Chowdery, friends with Brad, but not a fan of BRFC, spoken to Rothschilds, portfolio of half a billion £, "made his money by regenerating housing in mainly asian based areas of the north West" - would expect to pay £40m but that is short of the asking price. It all comes down to how much the Trustees waht from the club that Jack bought and built."

That's more or less it, I've missed out an awful lot of words there.

N.B. There you go - see roverfanuk post above! I'm glad I typed that out. Stupid internet.

[DannyKeg]

But the story about Bent + cash for DB was not by our man !

Unless Les Walsh is a nom de plume ?

[roverfanuk]

Finally, a multi-millionaire i can look up on wiki! http://en.wikipedia.org/wiki/Nabeel_Chowdery

According to this article, it says the guy is only worth £150 million? http://business.timesonline.co.uk/tol/busi...icle3789868.ece

I don't understand how he can expect to buy the club and turn it into a good business deal, unless he has property development on some of the sites at mind.

Nicko, can you lay down some more info? Is he being backed by a consortium? Seems a bit strange too me?

[hawkiiz]

he is in it for business. drop him. he will kill the club.

[Wiggy]

It gets better, first a fourth division coaching team, now an owner who's money is in property, as property tanks and sees the football club as a pure business opportunity. If his property empire is crumbling, is there a better business to asset strip than BRFC?

[BlueMonday]

According to this article, it says the guy is only worth £150 million?

I don't get out of bed for anything less.

[roversmum]

The property market isn't doing too well at the moment. Doesn't look as if this guy is the right man to buy Rovers. Very depressing.

edit - okay then

Chowdery admits he is not a Rovers fan and his move is purely a business deal.

seemed a bit worrying - probably just me being picky........................... obviously you know more about the situation than we do.

If he is a successful business man then it's a good start.

[roverfanuk]

Where is Nicko? Would of thought he would be online when his story broke?

If your here Nicko, can you explain the background of the bidder? Has he got a consortium backing him?

Is the Chris Ronnie approach dead?

[John]

Hardly exciting, interesting or good news. I can only presume some key information was left out of the article. Complete anti-climax!!

[nicko]

Eh?

There is a new bidder for the club - a guy with his own money - a local fella - somebody who is major mates with Brad Friedel - he has been through the books, done his due dilligence and is willing to pay £40 million.

There is NO consortium, he is wealthy and everything he has touched in his business life has been a success.

He is in his mid-30s and has no agendas.

What exactly is it you want?

The bottom line with Nabeel Chowdery's move - along with the one by Chris Ronnie - is that everyone thinks that the Trustees want too much.

I would have said finding out who the 'mystery' bidder is and for the guy to come clean and be honest was pretty significant.

Perhaps I was wrong.

[den]

Before everyone starts writing this off because of his personal financial circumstances, it would be wise to wait until it's known who his backers are. I mean C'mon, he wont be using his own money, will he.

[den]

Oh, cancel my last post.

[nicko]

Before everyone starts writing this off because of his personal financial circumstances, it would be wise to wait until it's known who his backers are. I mean C'mon, he wont be using his own money, will he.

I think you will find that most of it is...his official wealth and the value of some his companies makes him a serious kind of guy.

If you check some of deals he has done in the past 12 months you will notice that he is more than a bit shrewd.

[rundereim]

evryone dont like the chelsea owner but it is eksaktly what thay is hoping will happening with rovers. they just dont want to say so..(waiting for a miracle)

[rovers1993]

nicko approximately how much is the trust wanting for the club?.

and can you fill us in about the bent-cash for bentley deal? is it true?

[ScudCrater]

I think you will find that most of it is...his official wealth and the value of some his companies makes him a serious kind of guy.

If you check some of deals he has done in the past 12 months you will notice that he is more than a bit shrewd.

Thanks Nicko.

So the ball's in the Trustees' court now then I assume? Any idea if he has met the required funding for ongoing player purchases?

Quite exciting that we're so close!

[roverfanuk]

Nicko, with his worth and strategy when it comes to purchasing, he's not exactly going to be the kind of guy that can give a manager a decent transfer kitty is he?

I mean Mohamed Fayed makes him look poo quite frankly, and Fulham are considered a lesser team than us?

[Guest Kamy100]

I know Nabeel Chowdry quite well. He is a very serious businessman and he has been extremely successful in all of his businesses. He made is money by always being ahead of the game so to speak by looking at property market trends and the maximising those opportunities.

Whether this would be a good move for Rovers, I just don't know. He is a very successful businessman and he could take us forward if he is serious about making a long term investment, however it is just as likely he has seen an opportunity and could be in it for the short term.

[nicko]

nicko approximately how much is the trust wanting for the club?.

and can you fill us in about the bent-cash for bentley deal? is it true?

The Trustees are looking for around £35 million - plus someone to pick up the current debts which are in the region of £15-17 million.

The new man thinks the whole thing - club and debt - is worth £40 million.

Chris Ronnie has yet to put a figure on it.

If you are lucky one of them will come up with a number that suits.

On the Bentley stuff...Spurs will throw everything but the kitchen sink into possible swaps. They will be leaking names but it strikes me his agent is becoming desperate with the weekly updates.

[nicko]

So the ball's in the Trustees' court now then I assume? Any idea if he has met the required funding for ongoing player purchases?

Quite exciting that we're so close!

There will only be a deal - with anyone - if the price is right.

It can't be a coincidence that everyone who has studied a takeover closely comes to the conclusion that it is over-priced.

You can't say how much someone has left to spend until you know what he has to pay for the club in the first place.

At least there is LIVE interest from at least one party...and maybe it will gee up Chris Ronnie and his team more too.

This might become a race now rather than a crawl.

[nicko]

Nicko, with his worth and strategy when it comes to purchasing, he's not exactly going to be the kind of guy that can give a manager a decent transfer kitty is he?

I mean Mohamed Fayed makes him look poo quite frankly, and Fulham are considered a lesser team than us?

We don't know that...Fayed has proved you can have a few quid and waste it.

But what's the alternative...sell to survive?

[broadsword]

If he's worth 150 mill, and is trying to get the club for £40 mill, then he's buying the club for over 25% of his wealth.

He ain't going to recoup his money from the income the club generates ('cos it doesn't generate any) so he must be looking at it as an investment which he could later sell on. Either that or strip the assets. Either, he's not buying it because he's a fan.

Run a mile.

[roverfanuk]

Id rather we had too much money and were able to waste it, then not have enough, and ply it on risks that could effectively put the club in financial problems.

My money is however on no takeover for the next year at least, and a slow painfull crawl at that!

Nicko, have those financial documents been released by the trustees to Ronnie yet?