[Archived] Rovers Might Have Been Sold?

[SIMON GARNERS 194]

£30m for Rooney. £30m for Ferdinand. £30m for Berbatov. £14m for Nani. £14m for Carrick.

(Please don't use that word again) off, Ferguson.

Furguson is a two-faced sod and some..... Ferdinand,Nistelrooy and Stam all bought one close season for £70 million +

[blue/white]

Should it be "big six" now? Or do we not count Liverpool these days?

Steady on!!!!

Surely what you're suggesting will take a pair of seasons.

[Hughesy]

Seems like the MOU signed yesterday contains much more detail than normal....and they appear very confident on the accounts and want the due dilegence done BY NEXT WEEK!!!!

More on Syed & quick ambitions

"We do not want to have to wait until January [for Sam Allardyce] to be able to buy new players so we know things have to move quickly," the source said. "Next week may seem a short period by which to complete due diligence, but Mr Syed means business."

The source claimed that as Syed and his advisers are already familiar with Rovers' accounts and books, no issues are anticipated in this area, and that the memorandum of understanding signed between the club and the businessman's Western Gulf Advisory (WGA) company, of which he owns 90%, details the terms of the formal deal, including an offer to clear the club's debt and buy its equity.

[John]

Currently recovering from a horrendous stag do in Marbella last weekend - feel dazed and generally awful - not sure if its my state of mind however don't know what to make of the potential takeover.

The credentials of Syed seem excellent and he is clearly a very intelligent businessman.

Have mixed feelings of excitement but also slightly anxious.

[Balwer]

I like the last line of the Guardian report, which says he plans to buy a property in the Blackburn area. Anybody in town plan on selling? You might be able to get a good price...

[budha]

I wonder why no one has picked up the

According to Western Gulf's 2009 annual report, which has been seen by the Guardian, the company is worth US$1.2bn (£770m), has US$850m liquidity available to invest, and hopes to have more than doubled its value by the close of 2010.

-line? Nowhere near 8 billion it seems. According to that, WGA is on the same line with the Trust.

[BuckyRover]

He set the company up using £1bn of his own money IIRC

[S15]

Is that not just one of his investments though? Remember it's the man taking us over, not any of his companies.

[Balwer]

I wonder why no one has picked up the

-line? Nowhere near 8 billion it seems. According to that, WGA is on the same line with the Trust.

I have repeatedly stated this and am still unsure where the $8bn figure came from.

[Hughesy]

Different reports have picked up different figures....some pick up the profit line...some pick up the liquid cash...some pick up the value of assets.

Dont worry if he has got to this stage - he must have big bucks to get our trust to give him a shot at it!

[Balwer]

Different reports have picked up different figures....some pick up the profit line...some pick up the liquid cash...some pick up the value of assets.

Dont worry if he has got to this stage - he must have big bucks to get our trust to give him a shot at it!

I don't doubt that the $8bn has come from somewhere, but I imagine it's likely the collective wealth of the family or his own personal assets combined (he has other interests after all). As far as WGA goes however the accounts don't lie.

[magicalmortensleftpeg]

Is $1bn not enough????

[BRFC1995]

Furguson is a two-faced sod and some..... Ferdinand,Nistelrooy and Stam all bought one close season for £70 million +

veron, hargreaves,valencia, anderson................cheque book manager end of, pot meet kettle you horrible scots tosser

[martonrover]

and he's from a wealthy bloodline - sure I heard he's heir to family wealth.

[S15]

veron, hargreaves,valencia, anderson................cheque book manager end of, pot meet kettle you horrible scots tosser

Cheque book manager?

Are you havin' a laugh, is he havin' a laugh?

[Hughesy]

I don't doubt that the $8bn has come from somewhere, but I imagine it's likely the collective wealth of the family or his own personal assets combined (he has other interests after all). As far as WGA goes however the accounts don't lie.

If its the family wealth - its his, hes the sole heir to it

If its the companies wealth - its his, its his company

If its a combination of both - its his, its his company & his estate!

[budha]

Is that not just one of his investments though? Remember it's the man taking us over, not any of his companies.

From the same Guardian article

The source claimed that as Syed and his advisers are already familiar with Rovers' accounts and books, no issues are anticipated in this area, and that the memorandum of understanding signed between the club and the businessman's Western Gulf Advisory (WGA) company, of which he owns 90%, details the terms of the formal deal, including an offer to clear the club's debt and buy its equity.

From that it would seem it's WGA and not Syed is taking us over.

[RevidgeBlue]

Never thought I’d ever feel the need to post on here! But here goes……..

Anyone got Mr Syed’s email address??

I want to email him and ask him if he just heard the small piece they did on Talksport about the possible take over! Not sure who they were talking to, some journalist from the Guardian, you could hear Jason “Chelsea” Cundy and Darren “Yorkshireman” Gough audibly smirking and sniggering at the prospect of “little old Blackburn” ever being able to once again bloody the noses of the big city Clubs! Why would you pump that kind of money into a Club who are never going to do anything? Surely traditional Clubs like Blackburn shouldn’t be up for grabs by these bored oligarchs to be used as their playthings??

So it’s already started, deal not even done, and I’m as excited and nervous about the whole thing as anyone, but I really would love for Mr Syed to have heard that! If he is as handy with his wallet as his with his mouth I’m sure he’d be very interested in ramming any future silverware right down certain radio presenters throats!! (If the take over happens of course!) It wont be the last time we hear such ridicule, we should really just forget the whole thing and think ourselves lucky to be fed like dogs off the scraps of the Kings table!

Anyway, rant over, I’ll get back in my box now!

Thanks for listening!

It was admittedly a disgrace.

David Conn who is usually a very intelligent journalist conducted the interview in a tone of complete incredulity "Why would anyone want to invest in Blackburn Rovers etc" whilst archetypical wockney canker Cundy and Darren Gough sniggered along.

"We don't know anything about this guy blah blah blah" "Portsmouth blah blah blah" "Bad for the game blah blah blah"

If Mr. Syed had been potentially buying into say Liverpool, they'd have been all over him like a rash and it would have been the most wonderful news ever making the Premiership more competitive etc etc etc.

They don't like it up 'em Captain Mainwaring!

[Hughesy]

If he gets us with a week to go in the transfer window....worth a flutter?

Rovers are 20-1 for a top six finish

[budha]

In this mornings Telegraph it says

Syed, 36, is the heir to a family fortune estimated at £5 billion controlled by WGA

So if WGA is worth £770M, and their family's fortunes are controlled by it - wouldn't it mean that their family's fortunes are not billions and trillions, but £770M?

[ChesterRover]

Let's be honest, this time two weeks ago we would have completely agreed with him.

And he's right really, but we need this as the playing field has been skewed massively against us.

I would definitely agree with the statement, just coming from him made it laughable to the extreme.

The money in football is obscene but unfortunately that is how it is and cant see it changing any time soon, how long before the first 500k a week player at one of the big four?

As for our own takeover the money talked will put us in a fantastic position in time and take us from potential relegation candidates to pushing for Euro qualification. I dont expect miracles, the prospect of funding the Academy and Ewood together with around 20 million per year on first team players is nothin short of a dream as it is.

[John]

There has been so many comments from Syed over the last couple of days - in one of them, he said his potential takeover of BRFC would also be followed by other acquisitions in the Western world - wonder what he has planned.

[Doaksie]

Poor old Alex Ferguson. "We are considerably richer than you... you strawberry-conked idiot!!"

And they say we bought the league. People in glass houses Fergie!

[rebelmswar]

Just a quick question for those in the know about these things.

Is it possible, knowing Rovers track record of being very secretive and quiet about what they do, that this has been in the works for longer than anyone in the media thinks? And is it possible that this was the reason that it was leaked by the buyer when it was? Could it be that he thought that he had this deal in the bag for sure and decided to talk about it?

I only wonder this as he sounds pretty sure that they can get this done quickly and the clubs silence has been deafening.

[Darmond]

Think someone asked for a link to the Radio 5 interview.

Old-fashioned cut'n'paste I'm afraid.

http://www.bbc.co.uk/iplayer/episode/b00tgfch/5_live_Sport_17_08_2010/

About 19 mins in to 45 minute program, lasts about 4 mins.

cheers,

Darmond