[Archived] Rovers Might Have Been Sold?

[Guest Kamy100]

Due Diligence is all but complete, they have done all of their checks etc and are satisfied that everything is in order. Of course they still have 9 days exclusivity left so until they "officially" remain in the due diligence period. However this deal is a long way down the road towards completion. The only things that would scupper this deal at this stage is if the interest from the other party is taken further by the trustees or that Mr Ali fails the Premier League Test.

[bonerdude]

thanks kamy you input is appreciated pal cant wait til this is over one way or other so we can get on with our season

[Guest Kamy100]

Same here!

WGA just being cautious as positive statements like the ones last week (where they said that they would complete due diligence by today) were taken out of context, but due diligence from my understanding is that they check out all facets of the business and books etc. that part is done and dusted. They have 9 days exclusivity left so will use that to tie up any loose ends.

[Tim Southampton Rover]

Do you think they are also waiting to hear what the BBC say on Sunday or are they already fully aware of what their investigation says?

[Hughesy]

Can we not just fast forward 2 weeks or something then we dont have to have this rollercoster for another few weeks?!

[Guest Kamy100]

Do you think they are also waiting to hear what the BBC say on Sunday or are they already fully aware of what their investigation says?

It will be interesting to hear what the BBC have to say, can't see them revealing anything more than what was in the LT early this week. I am sure Rovers will be aware of all the facts, it would be very stupid of WGA to have witheld any information from Rovers.

[47er]

Fair enough. Cheers to you both, no smoke without fire though.

Thought it might be too good to be true

brilliant!

[deryck guyler's spoon]

brilliant!

I'm as desperate for the right takeover as you and Kamy's latest has to be positive news. Unfortunately we went from a situation where our prospective new owner was a billionaire in his own right with excellent credentials to being tainted by something fishy in the Middle East. Then his spokesperson is shown to have possibly been "economical with the truth" by way of explanation and anxiety levels are raised.

If stories of alternative interst in Rovers are true then I'm sure the Trustees will investigate. Would be intersting to see who these people are.

[john.leigh]

I haven't read through everything so forgive me if there's holes in what I'm about to say...

I'm not too bothered if potential new bidders have more money than Syed - when you are talking billions it starts to become insignificant - what really matters is who is prepared to strike the best deal for Rovers and commit to a positive long term realtionship

As to the 'dodginess' surrounding Syed - can we please get realistic on this?

Most Premier League club owners/benefactors have had some sort of smear campaign raised against them - whether it's money raised from gambling, porn, oil, creating debt to buy the club, being non-English, upsetting the royal family etc etc - maybe Dave Whelan might be exempted from this - but I can't think of many others...

Maybe Arsenal - but there's is more a coalition than an outright owner - and apart from that nobody else in the Premier League would appear to be squeaky clean.

I say this in all sincerity, but we were absolutely spoiled rotten with Uncle Jack.

He was ideal, he was perfect in many ways (OK maybe not prefect - remember you still have to be ruthless to make that amount of money)but perfect for us. We loved him, he loved us. A marriage made in heaven.

Unfortunately situations like that don't tend to happen twice.

FACT - Whoever takes us over, they will never be Jack Walker.

He is, was and always will be the best ever owner of football club anywhere in the world.

We were blessed that he was a son of Blackburn.

Don't look for another Jack Walker - you won't find one.

Lets just find the best of the rest.

[Stuart]

LT are reporting about the WGA "problems", with Bryan Douglas reaching out to the fans about keeping an open mind, and also mention the BBC5 Live show tomorrow night at 9pm. I don't remember any National radio exposes about Portsmouth's many suitors or the likes of Shiniwatra (pre-takeover).

Smacks of an anti-BRFC agenda to me - but then I am prone to being overly-sensitive at times.

[Guest Kamy100]

Just read the LT report, alot of is eerily similar to what I posted yesterday:

-Brian Douglas asks urges supporters to keep an open mind on the takeover

-BBC 5 Live investigate will be making further revelations about Syed at 9pm tomorrow, chart his business career and path that led to bdding for Rovers

-WGA not concerned about what will revealed

-WGA not sure exactly when due diligence is complete

-Rovers done their own due diligence on Syed Ali, looked at his finances and also done a "moral" due diligence which looks at his motives for buying Rovers

-Mentions that an unnamed bidder has talks with Rovers in London, this bidder keeping a low profile, but this bidder have done their own investigations into the club.

Look forward to the 5LIVE programme tomorrow evening, hopefully we can learn more about Syed Ali's business background.

[philipl]

The LT article referred to above is online now

[Guest Kamy100]

Tomorrow is going to be the first 5LIVE investigates programme, looks like they want to try and make a sensational debut. This publicity is certainly going to make their listening figures soar. I just hope that whatever they reveal is properly sourced. The programme has the potential to do a lot of damage to Mr Ali' reputation. If it is properly sourced then people will have to accept it but if it sensationalist rubbish designed to ensure that the first show makes a "mark then what little respect that I had for the BBC will be gone.

[47er]

I'm as desperate for the right takeover as you and Kamy's latest has to be positive news. Unfortunately we went from a situation where our prospective new owner was a billionaire in his own right with excellent credentials to being tainted by something fishy in the Middle East. Then his spokesperson is shown to have possibly been "economical with the truth" by way of explanation and anxiety levels are raised.

If stories of alternative interst in Rovers are true then I'm sure the Trustees will investigate. Would be intersting to see who these people are.

I totally misunderstood you. I genuinely thought you were being funny!

[deryck guyler's spoon]

I totally misunderstood you. I genuinely thought you were being funny!

Dammit! No ever thought I was funny before.

Should have kept my gob shut!

[Roost]

I haven't read through everything so forgive me if there's holes in what I'm about to say...

I'm not too bothered if potential new bidders have more money than Syed - when you are talking billions it starts to become insignificant - what really matters is who is prepared to strike the best deal for Rovers and commit to a positive long term realtionship

As to the 'dodginess' surrounding Syed - can we please get realistic on this?

Most Premier League club owners/benefactors have had some sort of smear campaign raised against them - whether it's money raised from gambling, porn, oil, creating debt to buy the club, being non-English, upsetting the royal family etc etc - maybe Dave Whelan might be exempted from this - but I can't think of many others...

Maybe Arsenal - but there's is more a coalition than an outright owner - and apart from that nobody else in the Premier League would appear to be squeaky clean.

I say this in all sincerity, but we were absolutely spoiled rotten with Uncle Jack.

He was ideal, he was perfect in many ways (OK maybe not prefect - remember you still have to be ruthless to make that amount of money)but perfect for us. We loved him, he loved us. A marriage made in heaven.

Unfortunately situations like that don't tend to happen twice.

FACT - Whoever takes us over, they will never be Jack Walker.

He is, was and always will be the best ever owner of football club anywhere in the world.

We were blessed that he was a son of Blackburn.

Don't look for another Jack Walker - you won't find one.

Lets just find the best of the rest.

Post of the week for me.

Cheers

[Gav]

Do you think they are also waiting to hear what the BBC say on Sunday or are they already fully aware of what their investigation says?

I wonder why they’re picking on little old Blackburn Rovers and giving us top billing?

Which is a dam site more than they've ever done on match of the day might I add. I bet Lawrenson has us down for a 2-0 loss

I hope Mr Syed has his legal team tuning in, but on the other hand the bbc maybe doing us a favour, time will tell.

[1864roverite]

Come on guys and girls, if this was really top rated exclusive news do you not think it would be all over the media by now ?

Is Mr Ali a dexter in disguise serial murderer ?

Is this story bigger than the pakistan cricket team cheat storm ?

Is the story worthy of knocking paris hilton off the front pages for being caught with a controlled substance ?

The reality is this. this major headline exclusive is going out on air on a radio show that starts at 9pm on a Sunday evening, its not prime time and I doubt its audience are nothing more than truck drivers, tv-less elderly listeners and I doubt it has an audience that will number over 100000 listeners. That to me seems to put this story into context.

If Mr Ali is a "nadir" type lethario then compare the media that he gets to what is being reported about WGA. In simple terms it is mud slinging or greying the water at best.

I have been lucky to share a similar source to Kamy (he will confirm this) and the news coming from the sources is positive.

In todays LET, Mr Douglas is quite right, we should be aware of what is going on and we should fully beleive in Mr Williams and HIS staff at Rovers. Due diligence works both ways. I am almost 100% sure that if WGA did not have the required finance then there is no way Rovers would have let them near the books or the club. WGA are exploring the club, you can bet your last pouind that Rovers will be doing very much the same with WGA and Mr Ali. If they are not then I would find it incredible that any massive news has got by them without the club finding out.

Going back to 5 live and the exclusive report, any snitch worth his salt would ensure they got the maximum payout for the story. if it was me, the club, WGA and every media source known to man to get the best deal. yet here we are, the massive news being reported in a late night radio show, sort of puts it into perspective.

I turn to our resident journo, Nicko. He most surely would have been onto any lead, as would Unleaded and kamy. I would also expect philip to have a bit of news especially if it is bad news.

Finally, I know nish about business dealings. Mud always sticks and to become successful means you have to be ruthless. Ruthlessness means at some point you ###### people off, thats the nature of the beast. I have not seen anything at all in the media reports, the internet or from any pother source a negative slant about WGA.

He is bidding for the biggest cotton producing farm in Australia, there doesnt appear to be a negative slant from any wningeing Aussies and by christ can they moan. He saved McCabes from going under, it is suggested its the best thing to ever happen to that company and it now continues to thrive.

Owning BRFC brings an inevitable set of questions, the most important one being WHY US ? He clearly has a plan, he clearly thinks he can make us progress and he clearly wants to do it.

If and when this deal concludes, Rovers fans past and present will have their doubts and views. I remain very optimistic that from what I have heard BRFC will progress steadily. We dont require wholesale changes at the club, we dont need 10 players coming in on massive wages what we need is stability with investment. WGA have promised us that because that is how they work. What they will look at no-one knows but there are massive opportunities and its our club that is going to reap the benefit of their business experience.

[John]

Plus hopefully the lovely Julia Thiem can get involved?

[rebelmswar]

Strangely terrified about this upcoming radio show, I cannot fathom why the BBC would put money towards something just to make Rovers look bad. Is it possible that they are just doing this to make a splash? Why wouldnt they pick a more high profile target? I am sure they could find some dirt on Man U or even West Ham. Why Blackburn Rovers?

The quote by an unnamed WGA source WGAs due diligence on the club is still ongoing. They dont know exactly when it will be complete. Sounds strange because the word they is used as opposed to we or even WGAs, but there is 8 days of exclusivity left so even if the quote is true then we shouldnt have to worry that this bid is on rough seas, never mind sinking. If it is correct though, and the source is real and close to the team, then it doesnt sound as reassuring as the other noises we have been hearing. I do hope that all of this is a storm in a cup of Chai tea.

Could one of the new bidders have stock in the BBC? Could all of this be an elaborate cloak and dagger scenario so that the foot can be more firmly planted in the door? Or could the Australians be angry about the sheep business that Mr. Shah bought?

Strange, eerie and downright annoying.

[Blackburn Ravers]

this programme is on tomorrow at 9 isnt it?

[Guest Kamy100]

I can confirm 1864 has been talking to people similar to who I have and totally agree with what he is saying. I think that because it is their first programme tomorrow evening they may want to get things off with a bang I just hope that what they say is properly sourced, am certain that Mr Ali's legal team will be listening very carefully.

I have interesting rumour of the who the unnamed party, not going to say who they are because a) it could be totally and utterly wrong and it would start a absolute frenzy on here. If I can get it 100% confirmed that it is them then I will post it on here, but if it is them then Syed would not have a chance of competing against them. I don't know if that would be a good or bad thing, whereas Syed has a plan based on 15 years, building the club up in three distinct phases. This other group would if it is them follow the Manchester City model.

[brfcshabba]

I have interesting rumour of the who the unnamed party, not going to say who they are because a) it could be totally and utterly wrong and it would start a absolute frenzy on here. If I can get it 100% confirmed that it is them then I will post it on here, but if it is them then Syed would not have a chance of competing against them. I don't know if that would be a good or bad thing, whereas Syed has a plan based on 15 years, building the club up in three distinct phases. This other group would if it is them follow the Manchester City model.

Now you've started something. Who is company X?

[S15]

Luca Toni.

[67splitscreen]

I can confirm 1864 has been talking to people similar to who I have and totally agree with what he is saying. I think that because it is their first programme tomorrow evening they may want to get things off with a bang I just hope that what they say is properly sourced, am certain that Mr Ali's legal team will be listening very carefully.

I have interesting rumour of the who the unnamed party, not going to say who they are because a) it could be totally and utterly wrong and it would start a absolute frenzy on here. If I can get it 100% confirmed that it is them then I will post it on here, but if it is them then Syed would not have a chance of competing against them. I don't know if that would be a good or bad thing, whereas Syed has a plan based on 15 years, building the club up in three distinct phases. This other group would if it is them follow the Manchester City model.

I hope your PM box is nailed shut.