[Archived] Rovers Might Have Been Sold?

[ewoodpo]

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.

Totally agree with you on that one Arabs at City, Russian at Chelsea that was all done and dusted before the press even got wind of it.

Also since buying City how many statements have their been in the press quoting Shaikh Makhtoom you'd struggle to find even a couple .

Billionaires do their business on the quiet they don't care what people think and say.

[67splitscreen]

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.

Opinion or fact?. I would suggest that we are in control of due diligence time frame, it works both ways, not just on Syed's behalf, we have just as much to check out as he has, if not more.

[rovers_rob]

Rovers fans should trust the Trust

[PAFELL]

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

Is that not two articles that says they were ORDERED to shut down, Bahrain and Australia? Being ordered to shut down is completely different to closing in order to move offices.

I believe the main allegation is about the way they practise. In some countries etc you are encouraged to use loca labour - do not know if this is the same in Bahrain. But the issue could be as simple as that.

But either way WGA's spokesman should have been straight with everybody in the statemant they released. I suggest what has been said and the responce of WGA is not, to put it at it's lowest, a good start. Telling people that they are just moving offices and not that they have been shut down, is dishonest. There is no other way of putting it. As I mentioned in another post, this all needs clarifying for all concerned.

Before people suggest that I am against this takeover, I will state my position. I am neither for nor against it. I do not know who is speaking the truth.

Has Bahrain shut down WGA over there or not. Have the Bahrain govenment made an error in doing so, if that is the situation. Either way, the spokes person for WGA was dishonest. If any company can be dishonest in one country then they can do the same in another. Have WGA broke rules in Bahrain, or did they just try to cut corners.

At this moment in time it is my view that until all this is clarified there is a question mark over MGA and therefore Syed. On the other hand it could just be jealosy from others in Bahrain or elsewhere, who are out to discredit Syed. For Rovers it would be nice if Syed is what he says he is, does what he says he will do. But until we know for sure we all have to keep an open mind and see what pans out.

[rebelmswar]

Totally agree with you on that one Arabs at City, Russian at Chelsea that was all done and dusted before the press even got wind of it.

Also since buying City how many statements have their been in the press quoting Shaikh Makhtoom you'd struggle to find even a couple .

Billionaires do their business on the quiet they don't care what people think and say.

More and more I am becoming convinced that he took a long hard pee in your cornflakes at some point. How can you justify speeding a process along that is there for a reason. Aren’t you the same person that moaned that he wasn’t at the Arse game? And then you have the temerity to show Man City as a good example of buying a club. When exactly did their owner first attend a game?

What exactly is your problem with the prospective owner?

[S15]

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!

Take over?

Take Nova.

Da da da da da ddddaaaaaaaaa daaaaaaaaaaa daaaaaaaaaaaaaaaaaaaa.

[rebelmswar]

Take over?

Take Nova.

Da da da da da ddddaaaaaaaaa daaaaaaaaaaa daaaaaaaaaaaaaaaaaaaa.

Range Rover.

[Guest Kamy100]

People who have doubts about the takeover shouldn't be attacked in this thread, they have concerns and it is quite right that they air them in this forum, just because their view may differ from yours it still needs to be respected.

This is how I am viewing it.

THIS IS A WIN WIN SITUATION FOR US AS ROVERS FANS. If Mr Ali is successful in taking over then he will have been fully vetted and have satisfied the Trust he is able to deliver what he has put in his bid document. So exciting times will be ahead.

If the takeover doesn't happen for whatever reason well Rovers and we as fans are no worse off than they were at the start of this process.

[jodrell]

Totally agree with you on that one Arabs at City, Russian at Chelsea that was all done and dusted before the press even got wind of it.

IMO It was in their best interests to keep quiet. How close were them two to going bust? If rumours are true a couple of days.

[Iceman]

People who have doubts about the takeover shouldn't be attacked in this thread, they have concerns and it is quite right that they air them in this forum, just because their view may differ from yours it still needs to be respected.

This is how I am viewing it.

THIS IS A WIN WIN SITUATION FOR US AS ROVERS FANS. If Mr Ali is successful in taking over then he will have been fully vetted and have satisfied the Trust he is able to deliver what he has put in his bid document. So exciting times will be ahead.

If the takeover doesn't happen for whatever reason well Rovers and we as fans are no worse off than they were at the start of this process.

I was going to mention the exact same thing, either way, we will either be super rich or we will be super as we are

[rebelmswar]

People who have doubts about the takeover shouldn't be attacked in this thread, they have concerns and it is quite right that they air them in this forum, just because their view may differ from yours it still needs to be respected.

This is how I am viewing it.

THIS IS A WIN WIN SITUATION FOR US AS ROVERS FANS. If Mr Ali is successful in taking over then he will have been fully vetted and have satisfied the Trust he is able to deliver what he has put in his bid document. So exciting will be ahead.

If the takeover doesn't happen for whatever reason well Rovers and we as fans are no worse off than they were at the start of this process.

I agree, all points and perspectives should be welcomed. However, saying categorically that this should all have been done now is a point that needs proof, backup, or any form of evidence that proves that this is so. When we have from multiple sources how long this is supposed to take, then flakey news reports about a business in Bahrain people seem to think the worst of this. Mostly people who have been negative from the get go about said situation.

Both prospective should be aired and people should be able to ask questions both ways, I do not believe this board is a one way street where the burden of proof weighs solidly on the defender of a situation only.

Can you agree that this should be done by now? Do you believe that Man City is a good example of when a takeover should be concluded?

I personally think that our board and chairman take an exceedingly long time in selling and buying a player never mind a bloody football club. This just stinks of normality to me.

[vizcaya]

People who have doubts about the takeover shouldn't be attacked in this thread, they have concerns and it is quite right that they air them in this forum, just because their view may differ from yours it still needs to be respected.

This is how I am viewing it.

THIS IS A WIN WIN SITUATION FOR US AS ROVERS FANS. If Mr Ali is successful in taking over then he will have been fully vetted and have satisfied the Trust he is able to deliver what he has put in his bid document. So exciting times will be ahead.

If the takeover doesn't happen for whatever reason well Rovers and we as fans are no worse off than they were at the start of this process.

Well said! As I and others have pointed out, the only loser in this if it doesn't come off is mr Syed. It will not be good for his business, and whilst it wouldn't do too mouch damage to him, it will probably damage his reputation.

[Seggie]

Due Dilligence = 4 WEEKS

I think people are panicing because they think the takeover was part of the reason we didn't do business in the summer. I would wait until the 4 weeks are up and then if theres no sale then let the inquest start into what went wrong. I'm not worried about the Bahrain company, if it was the Swiss one then Id be concerned.

[ewoodpo]

More and more I am becoming convinced that he took a long hard pee in your cornflakes at some point. How can you justify speeding a process along that is there for a reason. Aren’t you the same person that moaned that he wasn’t at the Arse game? And then you have the temerity to show Man City as a good example of buying a club. When exactly did their owner first attend a game?

What exactly is your problem with the prospective owner?

No problem with the guy whatsoever, if he's genuine has has the best interest of the club at heart then I'll welcome him with open arms.

And no I wasn't moaning about nobody representing them at the Arsenal game I just found it a bit strange.

And no Hughsey it's not Tom who stands at the front door who told me about them not being there.

[MeanGreenMachine]

From someone i know in Bahrain who is quite close to it all

"as you may have heard my Government has shut down his offices, the reason being is he provided " Corporate Financing " which required the company

to register and be monitored by the Central Bank which monitors their source of funding, origins of funds, etc, which they failed to do. They are still working on their new offices and I think all that they would have to do is pay a fine."

and he has been very reliable so far. Take that as you please but sounds like a storm in a teacup to me.

[rebelmswar]

No problem with the guy whatsoever, if he's genuine has has the best interest of the club at heart then I'll welcome him with open arms.

And no I wasn't moaning about nobody representing them at the Arsenal game I just found it a bit strange.

Please do not think I am attacking you in anyway whatsoever, that is not the case, I just think that your worries and questions are just very much on the negative side and just wanted to know why. I have no issue whatsoever with skepticism, but negativity for the sake of it does grate. Why would he not have the best interest of the club at heart? It’s not like we have a squad of players that he can asset strip, he could sell and develop the land that goes with the club I suppose, but again why would he want to.

Moaning may have been a bit strong, but questioning such a thing is a bit strange. Look how long it took the City owner to go to a game and even then he told no one that he was going. I just thought that it was another little bit of ammunition for your anti stance.

Some of the postings on here, in regards to this takeover, are getting pretty close to 911 truthers with the lengths to which small pieces of datum are being stretched to fit a profile.

[Iceman]

From someone i know in Bahrain who is quite close to it all

"as you may have heard my Government has shut down his offices, the reason being is he provided " Corporate Financing " which required the company

to register and be monitored by the Central Bank which monitors their source of funding, origins of funds, etc, which they failed to do. They are still working on their new offices and I think all that they would have to do is pay a fine."

and he has been very reliable so far. Take that as you please but sounds like a storm in a teacup to me.

it could easily be a slip up by WGA, whereby they failed to register. the person entrusted to register them, might have made an error, forgot to do it, and now they are being investigated. If the above is true, then it does seem like a small issue, that has become somewhat of a unecessary bigger issue

[67splitscreen]

It's always been said that the Bahrain office has a limited licence of trade.

It sounds as though that licence has been overstepped, get the gallows built.

[Steve Moss]

Todays Lancashire Telegraph nail in the coffin

This is worrisome on its face and certainly needs explaining. Of course, the explanation is due the Trust, not us, as the Trust is the party doing business with Syed. If the Trust is satisfied, then we should be. The Trust's reputation is on the line if Rovers do a Portsmouth, something I think it would be sensitive to.

[only2garners]

People who have doubts about the takeover shouldn't be attacked in this thread, they have concerns and it is quite right that they air them in this forum, just because their view may differ from yours it still needs to be respected.

I agree. The vast majority of comments on the last 300+ pages, positive and negative are mainly reflections on the poster's outlook and are mostly speculation. Kamy is as close as anyone of us to the deal and he has an open mind. Most of his posts have been positive but that's mainly because he has been relaying messages for Syed's people.

What does wind me up though are posts like Sparky Marky's above - to paraphrase, due diligence has taken more than a few days so Syed must be a chancer and can't be a billionaire. There have been plenty of posts on the thread explaining that a proper due diligence process takes time, from people who know about such things. I have had a bit of experience myself, both as a seller and buyer and know that it usually needs some weeks of very intensive work. Perhaps he would prefer it if we took Mike Ashley's approach - he bought Newcastle without doing a proper due diligence job and then was amazed to find there were financial liabilities that he wasn't aware of.

[booth]

The problem I have with these knee jerk reports are that they rarely include any details of facts. For example the BBC journalist who broke the news stated. "But the BBC understands..." That's little more than saying. "A spokesman said." Or. "An eyewitness said."

Unless there's an actual name quoted, don't believe it folks because the journalist more than likely made it up.

Now then, none of us really know anything and won't know anything till the deal is or isn't done. And even then we won't know much apart from what these people want us to know. So just relax and enjoy the idea that we may have millions to spend soon. Things could be much worse than a billionaire wanting to take over our club and invest lots of money and have us challenging again.

If you were born a few miles down the road you'd have six fingers and a wife who's also your brother.

[T4E]

All this stuff about "the Trust's reputation" or "Syed's reputation" being on the line is complete crap. We're talking about groups of highly successful extremely wealthy business people here. If the deal isn't right for them, they will walk away. That's why they're in this position in the first place.

[jodrell]

[67splitscreen]

All this stuff about "the Trust's reputation" or "Syed's reputation" being on the line is complete crap. We're talking about groups of highly successful extremely wealthy business people here. If the deal isn't right for them, they will walk away. That's why they're in this position in the first place.

Plus the fact that the current NDA will probably run for a number of years as others have, so it is highly unlikely that we will know the true facts until then, if ever.

If it fails everyone will look to the current issue and that will headline all the media reports for the failure.

[Guest Kamy100]

Andy Cryers Twitter;

CryerRovers Chairman John Williams talks exclusively to the Lancashire Telegraph in tomorrow's paper.

Should be an interesting read!