[Archived] Rovers Might Have Been Sold?

[AggyBlue]

  On 16/08/2010 at 14:23, den said:

On BBC north west today at lunchtime, it showed Syed's people arriving and it showed them looking at the rovers shirts in the club shop.

Syed spoke to NWT via telephone and said to tell the rovers fans that he wasn't coming here to make money. He said he's making enough money out of his other business affairs. He said he was taking rovers because of a passion. He wanted the rovers fans to support that passion and said he would be here for as long as is reasonably possible.

Sound too good to be true Den.

Btw I'm looking forward to a few 40 meter sprints from you:lol:

[Hughesy]

WOW - so the obvious question next.... Why pick us as a play toy?

[Pete1981]

Gotta be worth a read Syed describes himself as a fan

http://aggbot.com/docs/link.php?id=10516655&r=tw&c=38

[BuckyRover]

Everybody said the same about Roman (he will leave them in the lurch). He didn't, they don't owe him anything (if I'm not mistaken)

[niggit]

  On 16/08/2010 at 14:26, Hughesy said:

WOW - so the obvious question next.... Why pick us as a play toy?

Well why not?

[LeChuck]

  On 16/08/2010 at 14:26, Hughesy said:

WOW - so the obvious question next.... Why pick us as a play toy?

This BBC article contains a lot of quotes.

It offers some explanation to your question, but it's still a bit vague.

This "too good to be true" feeling is all that's stopping me buy into this 100%.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

[den]

  On 16/08/2010 at 14:25, AggyBlue said:

Sound too good to be true Den.

Btw I'm looking forward to a few 40 meter sprints from you:lol:

It does, doesn't it. I suppose it is true though, that he doesn't need to make money. Early days yet Aggy.

BTW, I'll do the 40 yarders alongside you.

[67splitscreen]

Jet airways India's second largest carrier, has been growing in recent years, based in Mumbai and fly into Manchester.

Keep it in the family so too say.

[JoeBlueWhite]

  On 16/08/2010 at 14:30, LeChuck said:

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

Well we are actually for sale for one.

It costs far less to buy us than it would them.

They have more debt than us.

[rebelmswar]

  On 16/08/2010 at 14:30, LeChuck said:

This BBC article contains a lot of quotes.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

It may be because we have a history of winning things, not saying that Everton do not, and that we have, for the most part, a set of very, very loyal and patient fans. For the most part Rovers fans are balanced and very realistic. Really enough cannot be said in support of our fans.

We will not be out there with pitchforks and torches if things don’t go completely rosy.

[Balwer]

  On 16/08/2010 at 14:30, LeChuck said:

This BBC article contains a lot of quotes.

It offers some explanation to your question, but it's still a bit vague.

This "too good to be true" feeling is all that's stopping me buy into this 100%.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

Because we're for sale and we're cheap?

I also worry about it being too good to be true, but I never look a gift horse in the mouth...

[BuckyRover]

  On 16/08/2010 at 14:30, LeChuck said:

This BBC article contains a lot of quotes.

It offers some explanation to your question, but it's still a bit vague.

This "too good to be true" feeling is all that's stopping me buy into this 100%.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

Maybe we are more recognisable in India. He went to LSE when he was younger, maybe when we were doing well?

Everton would cost more and we have more local Indians.

It makes more sense to buy us compared to Everton (I think!)

[den]

I would imagine it would show the same article that I quoted, on BBC north west tonight at 6:30

[T4E]

Everton also have a bigger club a matter of yards away. Not to mention struggles trying to get a new stadium.

The buyers are Asian, we have a high Asian population, you can see what he's thinking.

[rog of the rovers]

  On 16/08/2010 at 14:30, LeChuck said:

This BBC article contains a lot of quotes.

It offers some explanation to your question, but it's still a bit vague.

This "too good to be true" feeling is all that's stopping me buy into this 100%.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

Rovers vs. Everton

1. Ewood Park. Everton desperately need to move to reach potential

2. Expectation levels. Rovers fans expectations, even with a take over would probably remain low. Could the same be said about Everton?

3. Indians. Indian population in the town has obviously had something to do with the interest.

4. History? If he's mid 30s and was formerly a pupil at London School of Economics, assuming he studied in his early twenties, then Rovers where the top side 15 years ago.

5. Jack Walker. His example will no doubt be one for Mr Syed to follow.

As said by many before, it sounds too good to be true, but weren't people saying that back in 1991?

Mr Syed has asked for our support, and he will get it from me if he becomes the new owner.

[BPF]

  On 16/08/2010 at 14:37, BuckyRover said:

Maybe we are more recognisable in India. He went to LSE when he was younger, maybe when we were doing well?

Everton would cost more and we have more local Indians.

It makes more sense to buy us compared to Everton (I think!)

We don't have a glorified wooden crate for a ground..

[Pete1981]

  On 16/08/2010 at 14:40, rog of the rovers said:

As said by many before, it sounds too good to be true, but weren't people saying that back in 1991?

Mr Syed has asked for our support, and he will get it from me if he becomes the new owner.

I agree 100% with what you said here

[philipl]

  On 16/08/2010 at 14:30, LeChuck said:

This BBC article contains a lot of quotes.

It offers some explanation to your question, but it's still a bit vague.

This "too good to be true" feeling is all that's stopping me buy into this 100%.

One question that I can't begin to find an answer for...if you had £300 million to invest in a PL club, why would you buy Rovers and not Everton?

Everton need a new stadium. So he would spend that £300m running a planning and construction business before having a sporting opportunity.

Also the ownership division at Everton make it a very tricky proposition to buy out without paying a fortune to the existing shareholders.

  On 16/08/2010 at 14:25, AggyBlue said:

Sound too good to be true Den.

If I thought the Fairy Godmother might be as good as this, I would have been less Ugly Sisterish with 47er.

[BuckyRover]

Well played phil.

It took a few days but you finally acknowledged your mistake.

[Iceman]

Whether its too good to be true or not, that article brought a tear to my eye. Vinjay loves you Mr Syed

[imy9]

Too good to be true is about right,i am expecting to wake up any minute and realise that this is some joke, sounds like the real deal,i hope this is done before the window closes thus giving sam an opportunity to buy some players.

[philipl]

  On 16/08/2010 at 14:54, BuckyRover said:

Well played phil.

It took a few days but you finally acknowledged your mistake.

Frankly, IF this is all for real (and I believe it is), the Cinderella story has nothing on us lucky buggers supporting Blackburn Rovers.

Nobody should count on this being a Prince Charming Happy Ever After story just yet but let's say it looks like we've got ourselves a glass slipper, four mice, a pumpkin, and it is a very long time 'til midnight....

We could be going to have a Ball for the second time in 20 years!!!

[BuckyRover]

That's what it seems like.

It's the Burnley fans I feel sorry for!

[Hughesy]

Reasons for us over Everton...

Everton Finances

Here’s a few good reasons (taken from that above)

Their financial problems may not be quite so spectacular, but the fact is that Everton’s business model is bust.

Their strategy, for want of a better word, appears to be to run the business at a loss every year in a gamble to achieve success on the pitch and to fund it by steadily increasing their debt. Every now and then, they might accidentally make a profit, but only at the price of selling one of their prize assets, the best/worst example being Wayne Rooney five years ago.

Everton HAVE been for sale since 2008

They would have to fund the building of a larger stadium – for which there is a lack of land for the right price & in the right location

In 2009 – despite a turnover of £80m they still recorded a £7m loss (Imagine what a £80m turnover would do for our books)

2009 - £1.8m overdraft

Net debt 2009 £37.9m…. The debt largely arises from a £30m 25-year loan arranged by Bear Sterns in 2002, which has the advantage of being long-term with a fixed interest rate of 7.79 percent, but has contributed towards a net interest charge of £4.1m last year (up from £3.9m). In fact, in return for the £30m loan, Everton will end up repaying £68m

The balance sheet has been deteriorating for a long time with net assets of £18.5m in 1999 declining to net liabilities of £26.7m ten years later

Add into that….despite all the so called talent & big names, they finished just 2 places ahead of us last season – and we also managed a Semi Final

As others say – they also have ‘deluded’ fans who believe success should be theirs….ours are abit more grounded.

Also a BIG rival, with more history, less than 2 miles away

Also the biggest factor - our kit is classy & easily identified all over the globe...where as Everton wear that pink thing!

[BPF]

  On 15/08/2010 at 23:26, nicko said:

I hear the agreement that is due to be signed tomorrow is 'non-binding.'

This means that even if the due diligence works out OK there are no guarantees that Mr Syed gets his deal.

There is a bit of intrigue behind the scenes on this - as some very thoughtful people around here know.

This is far from straightforward.

Of course, I will not believe any of the above until it is denied by the local paper.

All looks to be going to plan thus far...

He runs a reputable investment company. He has been extremely vocal about this takeover. I can't see this not happening now. If it didn't, it would surely leave a black mark against his company?