[Archived] Rovers Might Have Been Sold?

[Hughesy]

After the multiple false dawns - I fail to get excited until its signed & sealed.

Good work though Kamy....Get some more info if you can, timelines, if due diligence has happened etc.

[Balwer]

Frequently Asked Questions

9. What is your due diligence process and what are your specific areas of examination?

As with any lending institution, WGA follows a standard due diligence process.

We require 6 weeks to achieve results, as most of the companies are located overseas.

We check for any record of personal defaults, corporate defaults, bankruptcy proceedings, administrative proceedings or any anti-social activity that the applicant may be involved with.

This assessment is a standard requirement of our corporate policy and its objective is to understand your position in order to serve you better.

Now, since a bid has been lodged, does this mean that the six weeks of DD has already been conducted?

[BPF]

POSTED SUNDAY !!!!

Nostradamus.

What's the English connection?

[unclejack28]

Didnt Sam say due diligence was done already, maybe it was with this group. Excellent work Kamy.

[1864roverite]

He wouldnt elaborate on the connection but however, there does appear to be a ring of truth about the rumours. Clearly, in the football circles the information is flowing a little bit more freely.

Very impressed with the work done by Kamy. It will be interesting this week I am sure. I woke up thinking I had absorbed too much hemp juice and maggot blood when I read the headlines.

[Iceman]

Nostradamus.

What's the English connection?

The partnership will enable McCabe’s management team to maintain its focus on running the construction business with WGA acting as a silent financial partner.

The deal includes £40 million to fund the completion of existing projects which include seven apartments in Arlington Street London and 32 units in Clapham along with a 27 storey tower on City Road.

[AndyNeil]

another 'shot in the arm' for the information junkies on the board ... when there is some NEWS, I'm sure the club will make a statement

[BPF]

If this happens,

Can we sing 1 - 0 to the millionaires again?

[daveoftherovers]

Here's hoping this is all post completion of due diligence, this is the normal rule of thumb for such matters isn't it gents?

(He says encouraging the business brain's trust on the board to stroke beards and concur / refute?)

Well done Kamy, top banana!

oh, and well done to you too, "The Telegraph" (Never thought I'd ever see me writing this statement LOL)

[Pete1981]

The LET finally have the story on

http://www.lancashiretelegraph.co.uk/sport/football/blackburnrovers/news/8310925.Second_Blackburn_Rovers_buyer_emerges/

[Majiball]

Nostradamus.

What's the English connection?

English link

[brian_gallagher85]

The partnership will enable McCabe’s management team to maintain its focus on running the construction business with WGA acting as a silent financial partner.

The deal includes £40 million to fund the completion of existing projects which include seven apartments in Arlington Street London and 32 units in Clapham along with a 27 storey tower on City Road.

Nice try Iceman, but McCabe are an Irish company with hundreds of building projects worldwide.

[RevidgeBlue]

If this happens,

Can we sing 1 - 0 to the millionaires again?

I know you're joking but even if we do get taken over it's very unlikely we'll ever be in the Chelsea or Man City bracket.

It would however be nice not to be down there with Blackpool in terms of purchasing power............

[thenodrog]

Why?

Root of all evil.

It's like a drug in football. The Premier league has created a totally dependent culture that cannot stand on it's own feet and cannot exist without regular fixes. Like all addictions it's not good for the long term health of the club. It's inevitable that one day the chickens will come home to roost.

Look at the silly infantile 'my dad is bigger than your dad' comments that will be appearing on here today. I know we started it in '91 but it's an all consuming bonfire that we are left with. Whatever is chucked on simply makes the whole burn faster.

I suppose if the apocalypse happens after we croak Simon it won't bother us but somehow I think it'll happen sooner rather than later.

If this happens,

Can we sing 1 - 0 to the millionaires again?

No never no more BPF...... Thats for the Championship. It's billionaires in the prem now.

[nicko]

Just a thought...

WHY would a wealthy investor who just did a major deal with an Irish property big-hitter want to buy Blackburn Rovers and talk of investment opportunities?

Great to hear someone with cash is on the scene.

But, I will say again, WHY?

[deryck guyler's spoon]

Root of all evil.

It's like a drug in football. The Premier league has created a totally dependent culture that cannot stand on it's own feet and cannot exist without regular fixes. Like all addictions it's not good for the long term health of the club. It's inevitable that one day the chickens will come home to roost.

Look at the silly infantile 'my dad is bigger than your dad' comments that will be appearing on here today. I know we started it in '91 but it's an all consuming bonfire that we are left with. Whatever is chucked on simply makes the whole burn faster.

I suppose if the apocalypse happens after we croak Simon it won't bother us but somehow I think it'll happen sooner rather than later.

It is only some wierd parallel universe where a potential £300m of investment is considered a negative development.

Bizarre.

[Balwer]

Just a thought...

WHY would a wealthy investor who just did a major deal with an Irish property big-hitter want to buy Blackburn Rovers and talk of investment opportunities?

Great to hear someone with cash is on the scene.

But, I will say again, WHY?

Their investments, per the website, are not limited to a particular industry or geographical location.

[Hughesy]

Ahsan_Ali_Syed CV

Another company Ahsan is looking to invest in & also abit more about his companies growth

[Earlydoors]

People also need to read the article published in the Daily Telegraph, the information for that article came from Mr Ali's company.

Good article thanks for that.

Can anyone give me an answer to the general question of 'How does this guy (or anyone else) make money from a football club' ?

What can Rovers give this guy - is it exposure in overseas markets ? Say Rovers TV in India ?

[RevidgeBlue]

Root of all evil.

It's like a drug in football. The Premier league has created a totally dependent culture that cannot stand on it's own feet and cannot exist without regular fixes. Like all addictions it's not good for the long term health of the club. It's inevitable that one day the chickens will come home to roost.

Look at the silly infantile 'my dad is bigger than your dad' comments that will be appearing on here today. I know we started it in '91 but it's an all consuming bonfire that we are left with. Whatever is chucked on simply makes the whole burn faster.

I suppose if the apocalypse happens after we croak Simon it won't bother us but somehow I think it'll happen sooner rather than later.

Times change I suppose. "If you can't beat 'em" and all that.

If Sky ever do pull out there'll be a lot of initial heartache and wailing and gnashing of teeth but I doubt many Clubs would actually go to the wall.

There is a business model that would be good for the long term health of the Club but it would need substantial initial investment.

Give the manager say 150m to spend on ten or eleven top class players on the understanding that they are to be developed and eventually moved on at a net profit. Then repeat.

Invest in and concentrate even more on developing and promoting talent from the Academy and inbetween stop blowing quite so much in wages on poor players as part of an overblown squad.

[brian_gallagher85]

Another company Ahsan is looking to invest in & also abit more about his companies growth

ALARM BELLS RINGING -

But Bahrain-based Western Gulf Advisory is itself 91 per cent geared, according to the company's 2009 annual report.

If this lot play fast and loose in other areas of business, then god knows what they'd do with a football club

To me this looks like the Indian version of Alexandre Gaydamak.

[Earlydoors]

Give the manager say 150m to spend on ten or eleven top class players on the understanding that they are to be developed and eventually moved on at a net profit. Then repeat.

I don't know.. Does that work?

It seems to me that over the life of a contract wages far outweigh any transfer value, and if 2 or 3 leave on a Bosman then it becomes very difficult to show a trading profit.

Over the Hughes era we received far more from transfers than spent yet with wages I think we struggled to break even.

[dave birch]

and this from the same report:

"The company's 2009 annual report shows debt of $1.089bn in the form of an unsecured loan bearing no interest made by Mr Ali to the company, and total capital of $102.67m, resulting in a gearing ratio of 91.38 per cent.

The annual report claims WGA is one of the fastest growing companies in the Middle East, going from $US64m at the end of 2008 to $US1.2bn a year later.

"From an initial investment capital of $US53,000 the company has entered the billion-dollar segment in a short span of time. The vision for excellence and growth continues to be inspired and orchestrated by the wisdom and experience of its chairman and managing director, Ahsan Ali Syed," the report said."

That tells me that he's put his own money in there, but the phenominal growth must be a reason for concern

[67splitscreen]

If they are successfull perhaps they can buy Iceman a new avatar?

Top work Kamy, I note Nicko has gone off the radar...hmmm

Sod the avatar, Please, Please get him a statue LucaToni for his front garden.

[Majiball]

Just a thought...

WHY would a wealthy investor who just did a major deal with an Irish property big-hitter want to buy Blackburn Rovers and talk of investment opportunities?

Great to hear someone with cash is on the scene.

But, I will say again, WHY?

So we knock down Ewood, build some nice flats and a spanking new stadium. Build on Brockhall sell off the houses and build another state of the art training center somewhere else.

Brockhall house prices

I don't know.. Does that work?

It seems to me that over the life of a contract wages far outweigh any transfer value, and if 2 or 3 leave on a Bosman then it becomes very difficult to show a trading profit.

Over the Hughes era we received far more from transfers than spent yet with wages I think we struggled to break even.

Take a look at some of the European clubs. They sign quality young players from brazil and the such and as soon as they have a good season sell them on for a profit.

I'd be happy for Rovers to follow this model provided the right balance between selling and league position could be obtained.