[Archived] Rovers Might Have Been Sold?

[67splitscreen]

The LT ran an article about their background..

Used to own the East India company I think it said.

Your summary of the situation looks spot on......The way the media are running the story is that he is skint He is FAR from that

Its just some dirty rival bidder playing nasty to try and get a chance & taking over!!

As I said above though, people in glass ................... Sure it would not be to hard for someone to start digging another hole in the southern hemisphere for instance.

[ewoodpo]

The LT ran an article about their background..

Used to own the East India company I think it said.

Your summary of the situation looks spot on......The way the media are running the story is that he is skint He is FAR from that

Its just some dirty rival bidder playing nasty to try and get a chance & taking over!!

You got a link for that article Hughsey, also this Julia Theim reminds you of a certain dingle supporting New Labour spin doctor.

[vizcaya]

Assuming that there actually is other bidders with credibility, I see this as a win-win situation for Rovers. If Syed's takeover materialises, great, fantastic!! If not, it seems like there is other parties waiting in the wings (well, according to reports anyway.

Either way, all we can do is to sit back, relax, and see what happens

[Hughesy]

Just spotted this as the reason for investigation.........

It has fallen foul of strict laws in Bahrain on how to run companies as it there has been evidence suggesting the company has been acting on behalf of an external investor. Something which is prohibited by Bahrain business law.

Julie Thiems response.....

She said she believed Bahrain authorities had wanted to clarify the differences between Western Gulf Advisory and Western Gulf Advisory AG.

"His wealth comes from his inheritance. His family has 150 years of history in private companies.

Also abit more on it.....

In the meanwhile, Western Gulf Advisory has said that the Blackburn takeover is being handled by the Syed’s Swiss-based Western Gulf Advisory AG and is therefore unaffected by these new developments

[Iceman]

I've got a pompey feeling.

Black Eyed Peas

[Hughesy]

Abit more taken from another article

Through Julia Thiem, a spokeswoman for Western Gulf Advisory, Mr Ali said Bahrain authorities had asked for clarification on WGA's investment activity.

"We are co-operating fully with their inquiries," Mr Ali said in an email.

"Our Bahraini business is a separate entity to our European businesses such as Western Gulf Advisory AG, based in Switzerland, which have been responsible for executing most of WGA's current investments."

Investments in Australia, including loans issued to Landmark Business Development International and South Australian-based Regional Land, were done through the Swiss-based company, he said.

"Our Bahraini business is not involved with investment activities of WGA at all and has, in fact, very limited scope of activities."

Australian Article

[ewoodpo]

Just spotted this as the reason for investigation.........

It has fallen foul of strict laws in Bahrain on how to run companies as it there has been evidence suggesting the company has been acting on behalf of an external investor. Something which is prohibited by Bahrain business law.

Julie Thiems response.....

She said she believed Bahrain authorities had wanted to clarify the differences between Western Gulf Advisory and Western Gulf Advisory AG.

"His wealth comes from his inheritance. His family has 150 years of history in private companies.

Also abit more on it.....

In the meanwhile, Western Gulf Advisory has said that the Blackburn takeover is being handled by the Syed’s Swiss-based Western Gulf Advisory AG and is therefore unaffected by these new developments

We keep on hearing of this inheritance where is it, at least in the end Shah was honest enough to admit that he was skint.

[Sparky Marky]

It's all starting to fall to bits now like some of us predicted....

[tonyoz]

For those interested, here is a view of Syed's activities in Australia:

"Bahrain bidder says funds locked in for Cubbie"

http://www.theaustralian.com.au/business/property/bahrain-bidder-says-funds-locked-in-for-cubbie/story-e6frg9gx-1225895292101

"Cubbie's Bahrain bidder offers millions in loans"

http://www.theaustralian.com.au/news/nation/cubbies-bahrain-bidder-offers-millions-in-loans/story-e6frg6nf-1225894775641

[Hughesy]

We keep on hearing of this inheritance where is it, at least in the end Shah was honest enough to admit that he was skint.

Thats because he was skint

Where is it?? Well its not going to be all invested in his companies is it! This closure/ suspension is about a trade violation - not about lack of cash!

[67splitscreen]

Just spotted this as the reason for investigation.........

It has fallen foul of strict laws in Bahrain on how to run companies as it there has been evidence suggesting the company has been acting on behalf of an external investor. Something which is prohibited by Bahrain business law.

Julie Thiems response.....

She said she believed Bahrain authorities had wanted to clarify the differences between Western Gulf Advisory and Western Gulf Advisory AG.

"His wealth comes from his inheritance. His family has 150 years of history in private companies.

Also abit more on it.....

In the meanwhile, Western Gulf Advisory has said that the Blackburn takeover is being handled by the Syed's Swiss-based Western Gulf Advisory AG and is therefore unaffected by these new developments

That's all fine for the media Etc but at the end of the day Syed is buying our club, Syed is the 99% share holder in WGA, so if any irregularity is uncovered it falls directly in the lap of Syed.

One question that does seem unanswered and Im sure would help all understand a little bit more is, what the hell does the office in Bahrain do?, it seems until recently it was his HQ, Why change?, Is Switzerland more beneficial to his business and his clients than Bahrain?

Then again some will say none of it matters as Syed is using his personnel wealth.

[Guest Kamy100]

Will say again that for Mr Ali to get this far he will have had to prove to Rothchilds/Trust that he has the finance in place, both short and long term. There is no way that he would have been allowed to look at Rovers books unless he had proved this.

Saurin Shah and all the others who have tried to buy Rovers have never got to the Due Diligence stage because they could not prove that they had the finance, therefore the negotiations stopped before they got due diligence.

[seekay]

Whatever, it's all very exciting stuff and takes our mind off football....

[CrazyIvan]

We keep on hearing of this inheritance where is it, at least in the end Shah was honest enough to admit that he was skint.

I don't understand what it is that has you so riled up about this. I would strongly suspect that Rovers have damn good evidence of Mr Syed's wealth and things wouldn't have progressed this far without it.

[67splitscreen]

It's all starting to fall to bits now like some of us predicted....

Total ###### at this stage. Have you seen or heard of Syed's team leaving Ewood. Have the PL kicked out his application. NO!

Nothing has changed other than a grey cloud has come into a view, but I predict sunny intervals, with a few scattered showers for the remainder of the week.

[ewoodpo]

Thats because he was skint

Where is it?? Well its not going to be all invested in his companies is it! This closure/ suspension is about a trade violation - not about lack of cash!

Ok, can somebody out there tell me why he isn't on any rich list, don't say because he doesn't want to as he's happy to tell anybody who'll listen how much "liquid" he has through his own Alistar Campbell.

[RevidgeBlue]

Just spotted this as the reason for investigation.........

It has fallen foul of strict laws in Bahrain on how to run companies as it there has been evidence suggesting the company has been acting on behalf of an external investor.

This seems to be the top and bottom of it.

Whoopy doo.

And if I recall from the LT article Julia Thiem denied that had occurred anyway.

[47er]

It's all starting to fall to bits now like some of us predicted....

"hoped"? With no solution to our problems of course.

Ok, can somebody out there tell me why he isn't on any rich list, don't say because he doesn't want to as he's happy to tell anybody who'll listen how much "liquid" he has through his own Alistar Campbell.

You say you hope the takeover goes through but you never miss a chance to sow the seeds of gloom and despair.

[Hughesy]

Ok, can somebody out there tell me why he isn't on any rich list, don't say because he doesn't want to as he's happy to tell anybody who'll listen how much "liquid" he has through his own Alistar Campbell.

Do you have to declare how much you are worth to Forbes??? If so, where is that rule?

The only reason he has spoken about 'liquid cash' or assets is because people doubt him

Do you think he went into the negotiations with the Trust & just blagged that he had mega cash? Or do you believe they will have said prove it 1st?! The trust may have played scrooge with us in recent times, but they are far from stupid!

[RevidgeBlue]

Despite the accusations that a good Businessman never reveals his true hand, assuming Mr. Syed's genuine I'm not surprised he was fairly specific about how much money he wanted to invest.

Look how flimsy the Shah bid looked with no mention of any specific figures available only vague promises of "Bollywood style glamour."

And that was even before we realised he didn't have the necessary funding.

[ewoodpo]

"hoped"? With no solution to our problems of course.

You say you hope the takeover goes through but you never miss a chance to sow the seeds of gloom and despair.

I am not anti takeover as you might suggest, I'm of Indian origin myself therefore, I'd be delighted if a fellow Indian bought the club.

I'm just like you I want the best for our beloved football club and Jacks legacy to be continued the Trustees they just want out.

[Sparky Marky]

It would be done and dusted now if this was going to happen....Billionaire's tend to conduct their business a little better than this...all sounding a bit fishy now.

[rebelmswar]

It would be done and dusted now if this was going to happen....Billionaire's tend to conduct their business a little better than this...all sounding a bit fishy now.

Absolute, unadulterated, crap.

Billionaires are billionaires for a reason, and that reason is not being a complete and utter tool.

The way this due diligence and such is done takes time and is for the protection of the buyer as well as the seller.

He is just being thorough.

[Hughesy]

It would be done and dusted now if this was going to happen....Billionaire's tend to conduct their business a little better than this...all sounding a bit fishy now.

2 1/2 weeks for due diligence.....and you expect it to be quicker???

They are buying a football club with lots of contract agreements - not some used car!

[rebelmswar]

2 1/2 weeks for due diligence.....and you expect it to be quicker???

They are buying a football club with lots of contract agreements - not some used car!

You go girl.