[Archived] Rovers Might Have Been Sold?

[philipl]

OK guys, thought I'd try and discover who this Australian Trio are seeing as we might have to turn to them right now. From Forbes lists of Billionaires here's the list of people the mystery group from down under could include...

Blair Parry Okeden

$5bn

Richest man in Australia, US born Blair is a media mogul and owns 15 TV Stations. Made a lot of his money through advertising which is now dwindling, could Blair see the EPL as an advertising goldmine?

Andrew Forrest

$4.1bn

World's richest Australian, amature boxing shows an interest in sport but was once accused of "misleading shareholders" so do Rovers need another shaky past to deal with?

Frank Lowly

$3.6bn

At 79 Lowly may be considered to old to be thinking about buying a Premier League club, however this billionaire is the President of Football Federation Australia, leading their bid for the 2018 WC and a former shareholder in Sydney FC. Could Emerton have had a word? Also been investigated on financial grounds however...

James Packer

$3.5bn

The 42 year old inherited $5bn but lost a lot in the recession. Involved in media, gambling and retail. Maybe he wants to blow the rest of daddy's cash on an East Lancashire football club?

Harry Triguboff

$3.0bn

Self made billionaire Harry is approaching his 80s and with the real estate market right now it's unlikely he fancies buying a football club in Blighty.

John Gandel

$2.4bn

Sepp Blatter lookalike Gandel is quite old, but he hates debts which would make us an attractive club to buy. Let's just hope if he is involved his ideas aren't a stupid as his dopple-ganger's at FIFA.

Kerr Neilson

$2.2bn

Claims to have $16bn in investments under his control and his bio sounds scarily like Mr Syed's (only more trustworthy).

Gina Rinehart

$2.0bn

A woman buying a football team? Surely not? Well as long as she doesn't do a Delia at half time. The only billionaire with a solif link to another in that she is working with Andrew Forrest (above).

Lindsay Fox

$1.5bn

"BLACKBUWN WOVERS, TALK TO ME!", is that Terry Tibbs? No it's Lyndsay Fox, he may have a girl's name but a working class man if ever I saw one. He loves cars and maybe he feels like splashing out on a bit of Soccer in his old age...

Geralh Harvey

$1.3bn

Harvey is a retail magnate (a super rich Theo Paphitis to the layman) but on the wrong side of 70. Loves horses like a certain Indoan we know...

Michael Mintze

$1.1bn

London based, has $8bn in assests under management and in unlisted funds...someone get down to his apartment and check he's paying the rent and keeping it clean!!!! Oh and better get a primary school maths teacher to analyze his accounts pronto!

Solomon Lew

$1.0bn

So Jewish he wouldn't look out of place in an episode of Curb Your Enthusiam. Retail billionaire Lew is unlikely to want to buy a club in an area with a high Muslim population but you never know...

So the Oz trio could be made up of three, two, one or none of the people above... Interesting to speculate whilst we wait for this agonising Syed silence to be broken..

Just shows how reliable those lists are- I can name three straight off who are not there. Some of those comments are highly questionable in taste and fact to say the least....

[Hughesy]

The team of people who turned up for Syed at Ewood would be costing big cash too - That French bloke wont come cheap for starters.

I think its just a case of the silence is turning people to chinese whispers & then all of a sudden mass panick. A weekly update or something from an official source would do alot to help calm peoples fears!

[rebelmswar]

I should also have pointed out that in situations like this that do go pear shape - those that are waiting in the wings are likely to downgrade the value of their offers. This usually results in the seller refusing the lower offer and the bidders disappear over the horizon until the seller relents (which they almost always do). Just a game really but with ridiculously high stakes.

If we are as frugal with the price for the club as we are for the valuation of potential transfers, in and out, we are hosed.

[Guest bluerovers]

Just shows how reliable those lists are- I can name three straight off who are not there. Some of those comments are highly questionable in taste and fact to say the least....

Like?

P>S. apologies, anything I said was in jest which i thought was obvious.

[RevidgeBlue]

In the event of sale breakdown the money goes back to where it came from.

Plus any interest accrued?

And are you therefore asserting that any potential purchaser has to deposit 25m in Forbes and Partners Client Account before they can proceed to due dilligence?

[philipl]

I should also have pointed out that in situations like this that do go pear shape - those that are waiting in the wings are likely to downgrade the value of their offers. This usually results in the seller refusing the lower offer and the bidders disappear over the horizon until the seller relents (which they almost always do). Just a game really but with ridiculously high stakes.

If nicko's price of £25m is accurate, that situation which you are correct in describing would not apply in this case.

Clearly what is at issue is getting the best security for Rovers going forwards which is what Jack wanted and any buyer worth talking to presumably is also interested in.

[rebelmswar]

I think its just a case of the silence is turning people to chinese whispers & then all of a sudden mass panick.

That makes no sense and is RACIST. I am reporting that, saying that only Chinese people whisper and that them whispering in the first place is negative, shocking.

[ABBEY]

OK guys, thought I'd try and discover who this Australian Trio are seeing as we might have to turn to them right now. From Forbes lists of Billionaires here's the list of people the mystery group from down under could include...

Blair Parry Okeden

$5bn

Richest man in Australia, US born Blair is a media mogul and owns 15 TV Stations. Made a lot of his money through advertising which is now dwindling, could Blair see the EPL as an advertising goldmine?

Andrew Forrest

$4.1bn

World's richest Australian, amature boxing shows an interest in sport but was once accused of "misleading shareholders" so do Rovers need another shaky past to deal with?

Frank Lowly

$3.6bn

At 79 Lowly may be considered to old to be thinking about buying a Premier League club, however this billionaire is the President of Football Federation Australia, leading their bid for the 2018 WC and a former shareholder in Sydney FC. Could Emerton have had a word? Also been investigated on financial grounds however...

James Packer

$3.5bn

The 42 year old inherited $5bn but lost a lot in the recession. Involved in media, gambling and retail. Maybe he wants to blow the rest of daddy's cash on an East Lancashire football club?

Harry Triguboff

$3.0bn

Self made billionaire Harry is approaching his 80s and with the real estate market right now it's unlikely he fancies buying a football club in Blighty.

John Gandel

$2.4bn

Sepp Blatter lookalike Gandel is quite old, but he hates debts which would make us an attractive club to buy. Let's just hope if he is involved his ideas aren't a stupid as his dopple-ganger's at FIFA.

Kerr Neilson

$2.2bn

Claims to have $16bn in investments under his control and his bio sounds scarily like Mr Syed's (only more trustworthy).

Gina Rinehart

$2.0bn

A woman buying a football team? Surely not? Well as long as she doesn't do a Delia at half time. The only billionaire with a solif link to another in that she is working with Andrew Forrest (above).

Lindsay Fox

$1.5bn

"BLACKBUWN WOVERS, TALK TO ME!", is that Terry Tibbs? No it's Lyndsay Fox, he may have a girl's name but a working class man if ever I saw one. He loves cars and maybe he feels like splashing out on a bit of Soccer in his old age...

Geralh Harvey

$1.3bn

Harvey is a retail magnate (a super rich Theo Paphitis to the layman) but on the wrong side of 70. Loves horses like a certain Indoan we know...

Michael Mintze

$1.1bn

London based, has $8bn in assests under management and in unlisted funds...someone get down to his apartment and check he's paying the rent and keeping it clean!!!! Oh and better get a primary school maths teacher to analyze his accounts pronto!

Solomon Lew

$1.0bn

So Jewish he wouldn't look out of place in an episode of Curb Your Enthusiam. Retail billionaire Lew is unlikely to want to buy a club in an area with a high Muslim population but you never know...

So the Oz trio could be made up of three, two, one or none of the people above... Interesting to speculate whilst we wait for this agonising Syed silence to be broken..

it COULD also be bouncer the dog off neighbours or grellas piggy bank.

[Guest bluerovers]

it COULD also be bouncer the dog off neighbours or grellas piggy bank.

Maybe but didn't nicko said this group wer mega rich and could be proved easily?

[Brfcrule1]

I can't believe some of you jumping on Syed's back before he has even replied properly to all the allegations. Although the timing is very important he has already given a brief rebuttal to this site. Also people have to remember it is just one man who has made these allegations but where is the proof?. None of the guys comments have been backed up there is no newspaper article to back that up. All the papers have done is copy & paste the bbc article for their paper which just says there is no truth to these rumours. Also another few instances which says to me these allegations are total rubbish Mr Goldberg says the information came from the Registry trust when you ask for the source he conveniently gives no more details what does that say. Maybe the EPL/The Trust are taking their time but one clear thing from the article anyone could have made that lot up set up a phony person to say this chap owes him money. That BBC article has more holes in it than a dart board. People ask why has he not come out and given a full explanation there could be several reasons he is taking his time buying the club so maybe he does not have enough time to buy the club,while preparing a water-tight legal report to sue Mr Goldberg & the BBC. I am sure now the exclusive period is coming to an end a statement will be made once all the details have been finalised also with regards to the EPL more stringent fit & proper persons test he will be doing all he can to convince them the BBC article is total garbage all this takes time. So to come out and make a statement to the press is not high on the agenda and should be done properly after the process has finished. Kamy can you advise me you said I think way back the exclusive period ends tommorrow but from my own calculations of when the MOU was signed and due diligence was signed I work out the exclusive period ends on Monday. Can you confirm is it ending tommorrow or Monday so we have a little idea when a statement is due.

Thanks as ever for your valuable input.

[philipl]

Plus any interest accrued?

And are you therefore asserting that any potential purchaser has to deposit 25m in Forbes and Partners Client Account before they can proceed to due dilligence?

What happens to the interest on funds deposited is a subject of the escrow agreement.

No I am not asserting anything of the sort- funds go into escrow when due diligence is complete or so close to completion the buyer already knows the big items are clean and can take a view about the rest.

Ali Syed has an exclusive period expiring sometime on Monday so he has a big interest in securing his advantage over the other parties who are talking to Rothschilds- one way of doing that would be to negotiate something further in his favour using the escrow deposit as a bargaining chip. If nothing else he made it very difficult for the Trust to walk whilst they were listening to 5live Investigates when I am sure their gut reaction was to say goodbye.

From Ali Syed's purposes it also means he is establishing his bona fides beyond all doubt because the money is literally where his mouth is and he can go from agreement of final detail of the sale to execution of sale in literally one phone call/verified fax. It puts more distance between his bid and any other bidders.

Of course all this is predicated on the widespread whispers that funds were placed in escrow a week ago are in fact correct. Whoever wins in what now appears to be a competitive bidding situation will inevitably use some form of escrow as the deal gets close to completion.

[67splitscreen]

The Trust are picking up the tab for this exercise in the event of Rovers not being sold I believe. Yet another example of how incredibly fortunate Rovers are to have the Trust as owners.

I read somewhere that a club in the Prem is disputing the finders fee charged by Rothchilds (2.2m)

[RevidgeBlue]

What happens to the interest on funds deposited is a subject of the escrow agreement.

No I am not asserting anything of the sort- funds go into escrow when due diligence is complete or so close to completion the buyer already knows the big items are clean and can take a view about the rest.

Ali Syed has an exclusive period expiring sometime on Monday so he has a big interest in securing his advantage over the other parties who are talking to Rothschilds- one way of doing that would be to negotiate something further in his favour using the escrow deposit as a bargaining chip. If nothing else he made it very difficult for the Trust to walk whilst they were listening to 5live Investigates when I am sure their gut reaction was to say goodbye.

From Ali Syed's purposes it also means he is establishing his bona fides beyond all doubt because the money is literally where his mouth is and he can go from agreement of final detail of the sale to execution of sale in literally one phone call/verified fax. It puts more distance between his bid and any other bidders.

But do we know whether he's actually made any form of escrow deposit or is that pure conjecture?

Whoops - you edited your post. Thanks.

[Guest bluerovers]

The more I look at this photo, the more it looks like he took it in his sitting room...

Come on Ashan, do a business pose!

[LeChuck]

Even if money is there, it still doesn't answer where it has come from.

If we were purchased with borrowed money then we could still end up in the ######.

[rebelmswar]

The more I look at this photo, the more it looks like he took it in his sitting room...

Nah mate, there is not enough clutter and no flowers.

[TimmyJimmy]

In any event, that sounds highly unlikely. What would happen if the sale were to break down through no fault of Syed's?. What would happen if the sale broke down with no blame attached to either side? What would happen if the sale broke down but there was a dispute over whose fault it was?

Who would pocket the interest for the relevant period?

Philip describes it perfectly. This is the standard way of doing these things, you don't need inside knowledge to speculate on whether it's happened or not, it always happens. All my business sales / purchases were the same. Due diligence and escrow then sign and exchange funds or walk away and reclaim what you're entitled to under the previously agreed terms and conditions. Surely you did this also when you bought your house.

This only applies to monies for purchase of course not monies to invest over future periods once you are the owner. At this stage I don't think there will be any doubts as to whether Mr Syed has the cash to complete the purchase.

[Guest bluerovers]

Nah mate, there is not enough clutter and no flowers.

Maybe 5Live should get a Photoshop expert from Brighton Polytechnic to give his expert view on the picture's authenticity....

[RevidgeBlue]

Surely you did this also when you bought your house.

Of course not- you only pay a 10% deposit on exchange of contracts at which point the transaction becomes legally binding. You don't deposit the purchase price into the vendor's solicitors bank account.

Plus you lose your deposit if you don't complete. Different thing entirely.

Anyway you made your point in reply to one of mine about Roths childs and its nothing to do with them.

Neither do we know for certain whether Mr. Syed has deposited any funds in escrow - do we?

[Billy Castell]

I do hope this gets sorted out. And I hope that any money used to purchase the club is not a loan.

[ABBEY]

Maybe but didn't nicko said this group wer mega rich and could be proved easily?

12 posts and already a nick o teen

[ABBEY]

escrow

is that one of them thingymajigs that keeps vultures away from the cabbages?

[booth]

Goldberg has posted this video on his Facebook page, sorry if this has already been posted...

http://www.grapheine.com/bombaytv/illustration-uk-a2dd9e7f6052c7b6b74ce1fb25a54410.html

[RevidgeBlue]

Goldberg has posted this video on his Facebook page, sorry if this has already been posted...

http://www.grapheine.com/bombaytv/illustration-uk-a2dd9e7f6052c7b6b74ce1fb25a54410.html

Very funny those mini vids.

It does show Goldberg is not being exactly impartial in the matter though.

[Roost]

is that one of them thingymajigs that keeps vultures away from the cabbages?

Brew Spat on keyboard!