Syed Bid Falters

[BRFCS Content]

Published: Monday, 4 October 2010

Syed Bid Falters

by Kamy

Syed Ali's bid to purchase Rovers appears to be faltering as time is running out for the tycoon to conclude the purchase.

Despite Mr Ali's representatives suggesting to BRFCS at the end of last week that everything was on track, BRFCS now understand from sources at Ewood Park that it is becoming increasingly unlikely that Mr Ali will purchase the club. Sources have indicated that there are several outstanding issues which have not been resolved despite six weeks of talks.

BRFCS now believe that Rovers are now seriously considering other options and it looks likely that the mystery bidder will move ahead in the takeover process. BRFCS now also understand from sources at Ewood that despite reports yesterday that the mystery bidder is not the Mahindra Group, the possibility cannot yet be ruled out that one of the Mahindra family members is pursuing this on a private basis.

At the time of publication, representatives of Mr Ali's WGA were not available for comment.

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