[Archived] Rovers Might Have Been Sold?

[Hughesy]

Whats that coming over the hill, is it a monster???

Is it a Nonda, is it a nonda?

We knew things were happening today with the due diligence so no need for any confusion really.

Someone go down and sing his name for a bit.

Good job the weather is nice .

Ha love the bit about a chant....Knew I should have thrown a sicky and got down there singing

Difference between the 2 seems clear......1 knows exactly what he wants, his team seem professional, he's minted & he is getting on with it asap...the other seems like an amateur, hasnt really proven his wealth, mouths of to the media & sounds desperate.

Syed all the way!!

Love the Turban idea too!

[alexanders]

Seriously, do they bring cases????

That means they are bringing the cash or laptops and everything else needed.

Well I am off to the doctor with my 2 year old. Looking forward to come back and see all the speculation and rumours

[bob fleming]

URGENT UPDATE

Lots of press outside the club shop. Just this minute at least 10 people have got out of big black cars and walked into Rovers getting filmed. These people were Mr Syed and his representatives. They were wheeling cases into the ground. Things are moving fast then

It all sounds a bit sinister if you ask me. I mean, Black cars? Suitcases full of money? Moving fast? Do we really need this? I mean we are joint top of the league after all.

How it possibly all looked, earlier, maybe, outside the Club Shop.

[Iceman]

take some vuvuzelas with to the club shop.. Is that prayer room still available at ewood?

[Hughesy]

3 large black cars arrived....Mr Syed isnt with the party....just his team

[Anti-Dingle-Brigade]

Not surprising, he probably isn't as much of a financial/legal eagle as those he employs, he will have much better/important things to do than sit inside reading endless paperwork.

[beerwins]

A lighter look into the takeover dealings

[Iceman]

this is exciting... Shah go away!!!!

[LeChuck]

Why would the trust sell to Shah when he accepts that he cannot match the long term funding of Syed?

I could probably offer more long term funding than Shah.

Edit: Scratch that, just found a two quid coin in my drawer. No 'probably' about it now, I could definitely offer more.

[philipl]

That is the due diligence team arriving to start work by the sound of it.

[Majiball]

That is the due diligence team arriving to start work by the sound of it.

Hopefully they pull 20 hour days.

[unluckymorton]

A lighter look into the takeover dealings

Good work beerwins!

[philipl]

You'll know for sure know it is them if the next arrivals at Ewood are a giant sized take away bucket, chocolate biscuits, gallons of coca cola, an expresso machine and some camp beds!

[AggyBlue]

This is beginning to sound like an Indian soap opera.

The Bollywood film rights will make a tidy packet:lol:

[philipl]

A lighter look into the takeover dealings

Brilliant!!!

[Mark Atkins' Bald Patch]

Good work beerwins!

Seconded! Top job.

[Boz]

I would hope that the £300m "investment" finances look something like this;

£20m to be paid to the Trust (BRFC Investments Limited) in exchange for their 133,981,201 £1 ordinary shares in Blackburn Rovers Football and Athletic PLC

£20m to provide working capital into above company or whatever newco hive up.

£260m to be capitalised into a new rights issue.

[BuckyRover]

You'll know for sure know it is them if the next arrivals at Ewood are a giant sized take away bucket, chocolate biscuits, gallons of coca cola, an expresso machine and some camp beds!

Expresso?

FFS!

[Guest Kamy100]

I have contacted Julia Thiem.

She has confirmed again that they have exclusivity. Rovers CANNOT sell the club to anyone else in the next four weeks. HOWEVER, the club are allowed to take with other interested parties during this four week period but not enter into due diligence.

She is extremely confident that they can conclude this deal. They have sent all of their top people/advisors.

[CrazyIvan]

Expresso?

FFS!

Yeah, they want really fast coffee! Espresso at 100mph...

[T4E]

A lighter look into the takeover dealings

The line about Northcote has just about killed me off.

[67splitscreen]

I would hope that the £300m "investment" finances look something like this;

£20m to be paid to the Trust (BRFC Investments Limited) in exchange for their 133,981,201 £1 ordinary shares in Blackburn Rovers Football and Athletic PLC

£20m to provide working capital into above company or whatever newco hive up.

£260m to be capitalised into a new rights issue.

Loans.???

[Boz]

Loans.???

I would hope not.

But we shall wait and see.

[Hughesy]

They are meeting with executive board today.

[philipl]

I have contacted Julia Thiem.

She has confirmed again that they have exclusivity. Rovers CANNOT sell the club to anyone else in the next four weeks. HOWEVER, the club are allowed to take with other interested parties during this four week period but not enter into due diligence.

She is extremely confident that they can conclude this deal. They have sent all of their top people/advisors.

Smart move by the Trust to have got that "talking" concession. It means things don't go completely into deep freeze on alternatives and that the Trust clearly considers them to be a serious option should problems arise. Just keeps Syed's team on their toes, not that they need it judging by the bullish tone of Julia Thiem.

If as seems the case, Syed is very confident of closing this out, allowing the Trust freedom to talk is not a concession of any magnitude by them.

They have control over what matters.

CryerRovers tweets-

Interesting times at Ewood. Mr Ali Syed's negotiating team meant business as they arrived for talks in style. Pics and latest in tmrw's LT