[Archived] Rovers Might Have Been Sold?

[Henwah]

  On 08/09/2010 at 08:02, Balwer said:

I was wrong, that was almost two hundred pages ago.

My point was more that we are still no nearer understanding where Syed got the funds, or what WGA have been up to, other that some references in the last few months regarding McCabe, an unfinished bid for Cubbie station and few other 'nearly' deals, which although described as being on the verge of completion, rarely/never seem to be completed (or at least confirmed as being completed).

WGA claim to have involvement with lots of companies however details are very difficult to find, especially pre-2010.

Of course this might simply be that they are very good when it comes to NDA's, but if that is the explanation why are we suddenly seeing information about lots of (attempted) business deals in the past few months?

[Balwer]

  On 08/09/2010 at 08:17, Henwah said:

My point was more that we are still no nearer understanding where Syed got the funds, or what WGA have been up to, other that some references in the last few months regarding McCabe, an unfinished bid for Cubbie station and few other 'nearly' deals, which although described as being on the verge of completion, rarely/never seem to be completed (or at least confirmed as being completed).

WGA claim to have involvement with lots of companies however details are very difficult to find, especially pre-2010.

Of course this might simply be that they are very good when it comes to NDA's, but if that is the explanation why are we suddenly seeing information about lots of (attempted) business deals in the past few months?

Ahh sorry yes you're right, no idea where the funds for WGA came from and I think the only way we get much further is a statement from Syed himself.

My point was that it felt like we were going over the same ground again, as if people were discovering the 2009 Annual Report for the first time...

[nicko]

For what it's worth I hear there is a lot of activity behind the scenes and a press on to make the Syed deal happen as soon as possible.

In the meantime the wait is a bit agonising...

I did have a smile at the Daily Telegraph story. The guy given the PR hand-out in the first place has spat the dummy big-time by the sound of that...

However this bid should not be judged by its PR standards - which started very high and are now under pressure.

The only thing that matters in the deal - and certainly for the sellers - is whether Syed has the money.

Where it has come from SHOULD also be revealed. That 1 billion dollar figure just keeps hitting you between the eyes every time you look at it.

Is it Syed family money or does he have a sponsor we could all do with knowing about?

If it ever gets to the Premier League Fit and Proper persons test I understand that will be the big question too...

[MikeB]

Guys, a source within BRFC has just let me know that BRFC plan to issue a statement today, possibly in conjunction with Ali.

I'd put source reliability @ 80%.

[imy9]

Nicko is the push from syed or the trustees?

[nicko]

  On 08/09/2010 at 08:46, imy9 said:

Nicko is the push from syed or the trustees?

Syed wants the deal done. The time is running out on his exclusivity period. He has a Fit and Proper Persons test to arrange and go through.

And there is at least one rival bidder out there.

[MikeB]

  On 08/09/2010 at 08:38, nicko said:

For what it's worth I hear there is a lot of activity behind the scenes and a press on to make the Syed deal happen as soon as possible.

In the meantime the wait is a bit agonising...

I did have a smile at the Daily Telegraph story. The guy given the PR hand-out in the first place has spat the dummy big-time by the sound of that...

However this bid should not be judged by its PR standards - which started very high and are now under pressure.

The only thing that matters in the deal - and certainly for the sellers - is whether Syed has the money.

Where it has come from SHOULD also be revealed. That 1 billion dollar figure just keeps hitting you between the eyes every time you look at it.

Is it Syed family money or does he have a sponsor we could all do with knowing about?

If it ever gets to the Premier League Fit and Proper persons test I understand that will be the big question too...

This ties-in with my postings about Ali's issues being 'chicken sh-t' and the real deal in town.

Anyone noticed how all has gone mysteriously quiet with the Beeb - looks like my eagle legal friend in London is right, someone is applying intense pressure. Egg on faces, heads to roll - you watch.

[Bobby G]

Even if his exclusivity runs out, it wouldnt stop it from happening. Although fair enough he doesnt want to tempt fate by allowing others into the dark room just yet.

[Henwah]

  On 08/09/2010 at 08:38, nicko said:

Where it has come from SHOULD also be revealed. That 1 billion dollar figure just keeps hitting you between the eyes every time you look at it.

Is it Syed family money or does he have a sponsor we could all do with knowing about?

If it ever gets to the Premier League Fit and Proper persons test I understand that will be the big question too...

In the company registration website linked earlier it mentioned the 'business descriptions', I noticed that one of the points was 'Buying and selling the properties for the establishment - Not allowed to invest money for others without prior approval of the Central Bank of Bahrain' - if there is a sponser behind Syed, could this be the root of the Bahrain investigation into 'operating outside its remit'?

lots of if's admittedly, but its a theory that might tie some of these threads together

[modes98]

Ooo a statement, things get interesting.

  On 08/09/2010 at 07:57, sparkspakespoke said:

Well if you're giving them out I guess I could take one. Cheque in the post?

Good Morning Madame. If you could give me your bank account details I will get the monies wired to you

[OJRovers]

Looking forward to a statement if one gets released today.

Still very confusing over WGA, mainly because they claim to provide equity, debt, investment finance in about 20 countries in over 10 different fields of business, claim to be setting up an investment bank, operate a Horse stables, using over 3000 people as business associates and advisors - yet the only trace of their work is the Irish builders and the Aussie cotton people. Who are the companies in London, Japan, Paris, Russia they claim to be working with?

With so many questions unanswered I've moved to the 'sceptical' side.

[den]

Hold your nerve OJ

[den]

  On 08/09/2010 at 08:38, nicko said:

For what it's worth I hear there is a lot of activity behind the scenes and a press on to make the Syed deal happen as soon as possible.

In the meantime the wait is a bit agonising...

I did have a smile at the Daily Telegraph story. The guy given the PR hand-out in the first place has spat the dummy big-time by the sound of that...

However this bid should not be judged by its PR standards - which started very high and are now under pressure.

The only thing that matters in the deal - and certainly for the sellers - is whether Syed has the money.

Where it has come from SHOULD also be revealed. That 1 billion dollar figure just keeps hitting you between the eyes every time you look at it.

Is it Syed family money or does he have a sponsor we could all do with knowing about?

If it ever gets to the Premier League Fit and Proper persons test I understand that will be the big question too...

Well, A deal needs to happen, because all this speculation must be having an effect on the team and management.

As for everyone worried about where the money has come from, I'm pretty sure that that would have been Rothschild's and the trustees first question. They will know the source of his money IMO.

[LeChuck]

Sod the runner on the rent, the unpaid bills, the confusion over LSE...Just tell everyone where that $1 billion came from and everyone will be happy!

Is there actually any proof that this $1 billion even exists beyond the recorded accounts of WGA?

[Bobby G]

Would people be happy knowing the 1 billion existed but didnt know where it came from?

I could be.

[nicko]

It might be best if I go 'dark' on this for a bit...I think there will be a statement...But got an awful lot of calls to make regarding what is going to be said...

From what I have just heard this could go EITHER way.

[Roost]

  On 08/09/2010 at 09:42, nicko said:

It might be best if I go 'dark' on this for a bit...I think there will be a statement...But got an awful lot of calls to make regarding what is going to be said...

From what I have just heard this could go EITHER way.

Nicko, are the wheels coming off?

It sounds like it.

[Mandrake]

I'm just offering a bit of financial insight to this discussion. The company is an INVESTMENT company. In other words, they know their financials. Well, I can tell you that every aspiring financial wiz knows that the more debt the company have, the better it is. High gearing of debt means tax deductions, more money available for other investment deals in which the profit margins exceeds the interest rates (which is especially true during low interest years as in this day and time, with cheap capital everywhere).

As long as the company has control over its own debt, and have tangible assets and collateral behind it, there is no reason for not wishing to have as high of a debt percentage as possible in your company. Just look it up....

[seekay]

I want it to be Syed, just becaause he calls Big Sam Big Sam, and contacts this Fforum.

He just wants to be one of us.

[Bobby G]

If there is a statement coming out jointly, then I dont see how thats a bad thing? If the wheels are coming off then each party would break it off in their own way wouldnt they?

Tense and nervous few hours coming up in the future of the club...

[Roost]

Hopefully it will be a joint statement - if its either party on their own then I think the deal is off.

[ewoodpo]

  On 08/09/2010 at 09:42, nicko said:

It might be best if I go 'dark' on this for a bit...I think there will be a statement...But got an awful lot of calls to make regarding what is going to be said...

From what I have just heard this could go EITHER way.

  On 08/09/2010 at 09:42, nicko said:

It might be best if I go 'dark' on this for a bit...I think there will be a statement...But got an awful lot of calls to make regarding what is going to be said...

From what I have just heard this could go EITHER way.

Alan,do you think a statements coming out or do you know for sure?

[SamTheShrew]

  On 08/09/2010 at 09:42, nicko said:

It might be best if I go 'dark' on this for a bit...I think there will be a statement...But got an awful lot of calls to make regarding what is going to be said...

From what I have just heard this could go EITHER way.

Any idea on the time this could be?

[AggyBlue]

If the NDA period hasn't ended yet, how can the club be making a statement about the Syed deal?

[Iceman]

Its going to be good, ive got a feeling, that tonight's gonna be a good good night.