[Archived] Rovers Might Have Been Sold?

[Carlos090]

I'm sure if the deal goes all the way through, the likelihood of the guy being no good for the club is close to 0%.

Any chance he isn't right for the job and the won't get through the next stages. Simples

Although im excited at the prospect of a new fundbox backing our team to compete on an even higher level, I refuse to believe it, until it's set in stone. False hope is bad hope

[Uddersfelt Blue]

Just had a look at WGA 2009 accounts.

http://www.westerngulfadvisory.com/Annual_Report_2009/

Now I'm no accountant but this must be one of the most remarkable success stories of modern time.

The company is less than 2 years old and has increased revenue from c $10m in 2008 to c$93m in 2009. Profit of $92m in 2009 with costs of just $1.8m!!!

I'm in the wrong job!!

Interesting that the accounts show a current loan of $1089m on the liabilities side.

[Balwer]

Just had a look at WGA 2009 accounts.

http://www.westerngulfadvisory.com/Annual_Report_2009/

Now I'm no accountant but this must be one of the most remarkable success stories of modern time.

The company is less than 2 years old and has increased revenue from c $10m in 2008 to c$93m in 2009. Profit of $92m in 2009 with costs of just $1.8m!!!

I'm in the wrong job!!

Interesting that the accounts show a current loan of $1089m on the liabilities side.

Please read my earlier comments from page 190, or Philip's from a couple of pages ago. The revenue is for managing his own money. 2008 also wasn't a full year (somewhere between 3 and 6 months). The 'current' loan is a related-party loan from him to the company, which is what funds the investments, the bulk of which is 'due' in 2019.

[Pete1981]

Blackburn's owners will want definite proof of investment plans before they agree to any takeover of the club.

Rovers chairman John Williams says a number of parties have expressed interest in buying the club, with a company run by wealthy Indian businessman Ahasan Ali Syed confirming a formal approach on Wednesday.

The Jack Walker Trustees will consider selling the club but only if future investment can be guaranteed - Syed is reported to be promising to clear the club's £20million debt and invest £300million to sustain the club over a long period of time.

Syed's investment company Western Gulf Advisory (WGA) made a formal approach to Blackburn's advisers at investment bank Rothschild.

WGA have a non-disclosure agreement about the talks but a company spokeswoman said: "I can confirm that we made a formal approach to buy Blackburn Rovers."

Blackburn chairman John Williams told Press Association Sport: "There have been a number of interested parties for some time and discussions are ongoing."

[SIMON GARNERS 194]

We are an attractive proposition, we have a lot to be proud of so we should hold our heads up high and lose all that we're not worthy sh!tty attitude.

Too damn right my friend.Very,VERY exciting news is this!

[blue/white]

Nostradamus.

What's the English connection?

This is what happens when you read posts (and comment)on a 6 hour lag.

[Uddersfelt Blue]

Please read my earlier comments from page 190, or Philip's from a couple of pages ago. The revenue is for managing his own money. 2008 also wasn't a full year (somewhere between 3 and 6 months). The 'current' loan is a related-party loan from him to the company, which is what funds the investments, the bulk of which is 'due' in 2019.

Thanks Balwer that explains a lot.

[Fraserkirky]

London School of Economics?

Exciting stuff!

To suggest an answer to Nicko's Why? if I may.

If his majesty Mr Syed is 36 and he attended the London school of economics from the age of 18-22, then could he have been in London in 1995 when we won the league.If so he could be a fan.

[Balwer]

Exciting stuff!

To suggest an answer to Nicko's Why? if I may.

If his majesty Mr Syed is 36 and he attended the London school of economics from the age of 18-22, then could he have been in London in 1995 when we won the league.If so he could be a fan.

Good theory, but more likely he did his Master of Finance at LSE and later on, as his CV talks about doing business deals at age 18.

[USRoverME]

his CV talks about doing business deals at age 18.

I did business deals at age 12, if selling lemonade and home grown pumpkins in front of my house constitute business deals.

CVs are all about spin, at times.

So, doing business deals does not mean he wasn't in school at the time, is the point I'm making.

[Tim Southampton Rover]

Very exciting indeed. Part of me is very cautious still but also part of me is dreaming about what we're going to be like in the future.

Whatever happens, I just hope the club remains loyal to it's fans, especially the locals.

[doctorryan]

.......... FAPL football is still ridiculously cheap to watch overseas, I get every game in full for ten quid a month. There is a PoV that overseas rights are still in their infancy

Absolutely 100% correct. There will be available, within the next decade at the most, an almost world-wide (pretty much everywhere outside of UEFA's 2:45PM-5:15PM GMT blackout rule zone) Premier League subscription service similar to the National Football League's Sunday Ticket. Meaning? Every match will be available LIVE everywhere for an annual or monthly fee. The Sunday Ticket, which covers the entire Western Hemisphere, has been a HUGE source of revenue for the NFL since its inception in 1994.

[tony gale's mic]

This bid seems like it could be on. Always had serious doubts about Shah but this chap has obvious sources of funds and has given a definitive amount that he wants to invest. For the first time I'm optimistic about a potential takeover.

[doctorryan]

Not just yet, but nothing to stop him sponsoring us for the next ten years at say 30m per year.

Hope he has a nice logo sorted for the shirts, no black patches please!.

The new rules will make that more difficult as well. Sponsorship deals from "within the family" companies will have to be at "market rate". Hopefully UEFA's measure of that will allow for "within the family" sponsors to match whatever is the current highest-per-season payment to a club in the division you're competing in.

[blue/white]

I did business deals at age 12, if selling lemonade and home grown pumpkins in front of my house constitute business deals.

CVs are all about spin, at times.

So, doing business deals does not mean he wasn't in school at the time, is the point I'm making.

'if selling lemonade and home grown pumpkins in front of my house constitute business deals'

Sure it counts, USRover..... it's all about Volume. For example: Had you sold your entire pumpkin crop to the us army for weapons training.... ( I used this example because pumpkin smashing is near and dear to my heart)

heck, it would have started you down the road--- who knows, maybe you'd be putting in your bid on Rovers

[Blueboy Downunder]

I just want to see us win something. i missed out on promotion back in 92, then i missed us winning the league 3 seasons later, missed the promotion back to the premier league, then the worthington cup win. as long as the potential buyers, are honest and decent, i couldn't give "a fat rats clacker" who buys us or where they are from or what religion etc etc. it would make up for all the lost years that i have not seen us in the good times. i would be a contented man.

[Craigman]

Bid made last month ?

Would appear that the bid was made last month, although Saturday was last month. No date mentioned.

Hopefully this link works

Keeps changing S o c c e r in the web address to football !! ARGHH How can I change it ?

[67splitscreen]

The new rules will make that more difficult as well. Sponsorship deals from "within the family" companies will have to be at "market rate". Hopefully UEFA's measure of that will allow for "within the family" sponsors to match whatever is the current highest-per-season payment to a club in the division you're competing in.

How much is the market rate?.

Aon was 20m a year, not sure if it's the same now. that will do for a ball park figure in the market place.

Edit as of 2009.

• A selected list of football sponsorship deals:
• £100 million Arsenal’s 15-year deal with Emirates
• £80 million The four-year deal Manchester United signed with Aon takes effect next summer
• £75 million Juventus have a five-year contract with Tamoil, the international oil company
• £68 million Bayern Munich’s four-year deal with T-Home
• £50 million Chelsea signed a five-year contract with Samsung in 2005
• £38 million Real Madrid’s three-year deal with Bwin.com, the Austria-based online gaming company
• £7.2 million Liverpool’s annual fee from Carlsberg expires in 2010

[doctorryan]

Aon was 20m a year, not sure if it's the same now. that will do for a ball park figure in the market place.

I'm with ya' split.

[Tim Southampton Rover]

Couldn't he just smash a vase at Ewood Park and Blackburn bill him for £300m?

[philipl]

John Williams giving an exclusive interview to the LT in tomorrow's edition.

[thenodrog]

It's what really still irks me about the end of Hughes' reign. There was a man who could make huge profits when he was afforded money to invest, the current owners just didn't have the courage to support him.

I notice Man Utd are today being linked to Real Madrid's Diarra.

[den]

To follow on from Philips post:

Paul Cockerton, Web editor ([email protected]) says in tonight's LT...

Just to update you: in tomorrow's newspaper (Blackburn, Darwen, Hyndburn and Ribble Valley edition), the potential Rovers takeover will be on the front page and back with more insight from the key players in the potential takeover bids.

[Craigman]

Article saying bid was made last month

[Hughesy]

Article saying bid was made last month

Not too difficult - we are only onto the 4th of this month