[Archived] Rovers Might Have Been Sold?

[nicko]

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

So the guy has been trying to but this bankrupt Australian firm for ten months and not shown the dough? And that article is dated just a few days ago.

His company made a billion in a year and are now offering a billion in a loan? What does that leave him in change?

At roughly the same time the chap went into a deal with a top Irish property magnate.

OK...going for a lie-down now.

[philipl]

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?

NO

[brian_gallagher85]

My thoughts exactly Maj.

However, my main fear is that he will invest this £200 million into the club in return for the deeds for the Stadium, training ground and TV money...then sell it off to bit by bit to the next Shah

[pancini]

So the guy has been trying to but this bankrupt Australian firm for ten months and not shown the dough? And that article is dated just a few days ago.

His company made a billion in a year and are now offering a billion in a loan? What does that leave him in change?

At roughly the same time the chap went into a deal with a top Irish property magnate.

OK...going for a lie-down now.

Good lad Nicko you go for a lie down whilst the person your always slagging off Mr Cryer is getting Quotes from the chairman of the club

[brian_gallagher85]

OK...going for a lie-down now.

Not so fast, you ignored your alarm this morning, how much sleep do you need

The more I read about this lot the more I don't want it to happen at all. From reading just one or two reports he seems like the exact kind of owner we don't want.

I'm not one for being overly negative but from a business point of view - AVOID!

[deryck guyler's spoon]

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

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.

No offence intended for residents of South Blackburn but when I was last at home I dont think there was much property demand around Ewood.

I would think that we could operate player development model. I have often hoped we could maybe become a similar club to Ajax or Auxerre.

[nicko]

Good lad Nicko you go for a lie down whilst the person your always slagging off Mr Cryer is getting Quotes from the chairman of the club

I have read the stock quotes, thanks.

Educational.

[dave birch]

So the guy has been trying to but this bankrupt Australian firm for ten months and not shown the dough? And that article is dated just a few days ago.

His company made a billion in a year and are now offering a billion in a loan? What does that leave him in change?

At roughly the same time the chap went into a deal with a top Irish property magnate.

OK...going for a lie-down now.

Nicko, it's not a "firm", it's a bloody big station that was (until the drought hit) the biggest cotton producer in Australia. It also used the most amount of water, so much so that the flow down the Darling and Murray system actually stopped running (well that's what those downstream said).

If I had to describe Cubbie Station, in it's present configuration, it would be the land equivalent of tearing up $100 notes.

Extreme doubt is setting in.

[Balwer]

Company never made a billion on a year. 2009 revenue was 93m, with outgoings about 1.5m. The reason for the high growth from 2008 is that either 2008 wasn't a full year (since it was the first year of operations) and/or a lot more capital was employed to generate revenue (as has been mentioned primarly coming fom Syed himself).

Philip if no DD has been conducted then why would they have bid blind? That doesn't seem to gel with the modus operandi of the company. Either it's an expression of interest (rather than a bid) or DD has already been conducted. As JW has stated before several parties have been interested for a while.

[Mc Love]

Its on Bloomberg too - increasing in credibilty perhaps?

http://www.bloomberg.com/news/2010-08-04/western-gulf-advsory-says-it-s-in-talks-to-buy-football-s-blackburn-rovers.html

[Majiball]

I would think that we could operate player development model. I have often hoped we could maybe become a similar club to Ajax or Auxerre.

We had the chance last summer to do this instead we employed the man asking for the lowest wages who was sacked after 6 months in the same role at Derby as they were far from impressed. Its pleasing that we are seeing the likes of Jones coming through now but I'm also told a lot of that credit goes to Brunskill. We won't really now whether the academy is working for another few years if we are getting through players then, then yes its been a success.

However given the current state of youth coaching in the country in general and the complete dependency on turning athletes into footballers (policy endorsed by Cannon), then I despair. There are so many areas we fall down in, in this country that serious work is needed at all age groups. The clubs that get it right first will reap serious rewards as good english/homegrown players will fetch a premium for some time to come.

[RevidgeBlue]

So the guy has been trying to but this bankrupt Australian firm for ten months and not shown the dough? And that article is dated just a few days ago.

His company made a billion in a year and are now offering a billion in a loan? What does that leave him in change?

At roughly the same time the chap went into a deal with a top Irish property magnate.

OK...going for a lie-down now.

Why crticise people for being unduly negative about the Shah bid but then raise exactly the sort of concerns about the new interest?

If I may make so bold you always seem to be wholly supportive of bidders you first break the news about and generally dismissive of bidders that you aren't first to the presses with!

[nicko]

Nicko, it's not a "firm", it's a bloody big station that was (until the drought hit) the biggest cotton producer in Australia. It also used the most amount of water, so much so that the flow down the Darling and Murray system actually stopped running (well that's what those downstream said).

If I had to describe Cubbie Station, in it's present configuration, it would be the land equivalent of tearing up $100 notes.

Extreme doubt is setting in.

So has Syed been talking about doing something for ten months and failed to deliver?

Just trying to get a picture of whether the guy delivers or just talks a great game?

[deryck guyler's spoon]

Nicko, it's not a "firm", it's a bloody big station that was (until the drought hit) the biggest cotton producer in Australia. It also used the most amount of water, so much so that the flow down the Darling and Murray system actually stopped running (well that's what those downstream said).

If I had to describe Cubbie Station, in it's present configuration, it would be the land equivalent of tearing up $100 notes.

Extreme doubt is setting in.

Dave, not having a go but if you know this and it is in the public domain then surely this Mr Shah knows it too? He must think it's worth a punt and he's obviously a fairly astute businessman. No need for extreme doubt just yet.

Nicko, the LT is promising more, maybe tonight. What do you reckon?

[Silencio]

We had the chance last summer to do this instead we employed the man asking for the lowest wages who was sacked after 6 months in the same role at Derby as they were far from impressed. Its pleasing that we are seeing the likes of Jones coming through now but I'm also told a lot of that credit goes to Brunskill. We won't really now whether the academy is working for another few years if we are getting through players then, then yes its been a success.

However given the current state of youth coaching in the country in general and the complete dependency on turning athletes into footballers (policy endorsed by Cannon), then I despair. There are so many areas we fall down in, in this country that serious work is needed at all age groups. The clubs that get it right first will reap serious rewards as good english/homegrown players will fetch a premium for some time to come.

Do you know that was the reason why we got Cannon? I thought it was a strange appointment.

[brian_gallagher85]

Its on Bloomberg too - increasing in credibilty perhaps?

http://www.bloomberg.com/news/2010-08-04/western-gulf-advsory-says-it-s-in-talks-to-buy-football-s-blackburn-rovers.html

No, they've just copied Kamys story!

[dave birch]

The more I think about it, the more I think Indian Dan Williams!

[philipl]

I am quietly excited about this one.

I think this guy ticks the boxes from what I have found out. The Telegraph (Daily) says ALL the right things so far as I am concerned and we are looking at someone who is planning for the long term based on Rovers considerable short term strengths- low debt, excellent management and an established top PL team (four top half finishes in the last five years).

Two things to be aware of:

Ignore the headline numbers on GWA- that is money UNDER MANAGEMENT, not personal cash. Also, be aware that in growing s fast so dramatically in what are horrible global economic conditions, GWA are an "operator" and will have left a trail of broken egg shells.

This gentleman is seriously asset rich but I don't know how much of it is in cash which is what walks out of the door by the bucket load when you start with football clubs.

[nicko]

Why crticise people for being unduly negative about the Shah bid but then raise exactly the sort of concerns about the new interest?

If I may make so bold you always seem to be wholly supportive of bidders you first break the news about and generally dismissive of bidders that you aren't first to the presses with!

I am not being critical. I am trying to find more out about the guy. Is there something wrong with that?

The big question here surely is WHY?

And, by the way, when did I 'support' Williams, Ronnie, the Altrincham mate of Brad's, Shah or the Thais...not to mention the Middle East people?

[dave birch]

Dave, not having a go but if you know this and it is in the public domain then surely this Mr Shah knows it too? He must think it's worth a punt and he's obviously a fairly astute businessman. No need for extreme doubt just yet.

Nicko, the LT is promising more, maybe tonight. What do you reckon?

DGS, all I'm saying is, that to buy Cubbie is such a huge risk. Far greater than buying property or investing on the stockmarket. The people that ran Cubbie knew the business backwards and still got stung by things that they could not control.

[brian_gallagher85]

I am not being critical. I am trying to find more out about the guy. Is there something wrong with that?

The big question here surely is WHY?

To me it's cashflow, the TV money has to be very attractive to a debt financing company. If the gearing ratio of his own company is 91% then I dread to think what he'd do to a football club.

[Bobby G]

All we know right now is he has a good PR network.

[Earlydoors]

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.

Any of these ?

Ranking Club Debt

1. Manchester United £716m

2. Chelsea (Limited) £701m

3. Valencia C.F £501m

4. Liverpool £351m

5. Real Madrid £296m

6. FC Barcelona £273m

7. AS Roma £271m

8. Schalke 04 £234m

9. Arsenal £203m

10. Fulham £198m

Read more: http://soccerlens.com/the-football-debt-league-top-10-most-indebted-clubs/50035/#ixzz0vdDSwW7y

It's a nice idea, I just don't think there is any evidence that football clubs can make money.

Even those with famed Academies like Ajax are 25m Euros in debt

http://www.imscouting.com/global-news-article/Ajax-25m-in-debt-but-dont-have-to-sell-players/6621/

The way I see it - If you want to invest money to make money - you shouldn't put it in a football club.

People 'invest' in football clubs to have their egos massaged and gain exposure.

[Majiball]

To me it's cashflow, the TV money has to be very attractive to a debt financing company. If the gearing ratio of his own company is 91% then I dread to think what he'd do to a football club.

Do we not already run a similar model, we spunk 90% of our turnover on wages, neglecting all other areas of the club and overpaying some right dross.

[nicko]

To me it's cashflow, the TV money has to be very attractive to a debt financing company. If the gearing ratio of his own company is 91% then I dread to think what he'd do to a football club.

What is this John McCabe guy like? Seems to be Syed's latest business partner. I see he has property projects in London and elsewhere? Wonder if he is a football fan?