[Archived] Ali Syed in trouble in Spain

[John]

Syed, a true scum bag it seems.

[imy9]

What has happened to the £100 million bank statement?

[philipl]

You had better ask the bank who provided proof of funds imy.

I understand it was these people but let me stress that it is only what I was told.

[Iceman]

its a shame, that they havent taken down their website yet.

WGA

The man is a scumbag, and i cannot understand how he is still parading around, as if he has done nothing

i also notice, that the lady, cant get to her name now, is no longer listed as part of the team. The lady i think Kamy spoke to when this whole thing started

[Deowuc]

You had better ask the bank who provided proof of funds imy.

I understand it was these people but let me stress that it is only what I was told.

So are you saying we can't believe the sources upon which you base your postings? Does this apply to all or just some of your postings?

Don't blame the messenger eh?

[Ralfinho]

Feel sorry for Racing

Syed - Conman

Have they got any decent players

[philipl]

So are you saying we can't believe the sources upon which you base your postings? Does this apply to all or just some of your postings?

Don't blame the messenger eh?

I really do not understand what you are saying.

[AspRover]

Feel sorry for Racing

Syed - Conman

Have they got any decent players

That is such an astoundingly football statement

Yes, we do feel genuinely sorry for them, but at the same time can we nick anyone...

[Ralfinho]

That is such an astoundingly football statement

Yes, we do feel genuinely sorry for them, but at the same time can we nick anyone...

The money would help them out and we would get players in return (if there is any decent ones) so every party is a winner

[Seggie]

Feel sorry for Racing

Syed - Conman

Have they got any decent players

"They are one of a number of top-flight Spanish clubs with serious financial problems.

Racing join fellow La Liga sides Real Mallorca and Real Zaragoza, and the three newly-promoted teams Real Betis, Rayo Vallecano and Granada in administration."

Could you imagine that many PL clubs in a such dire situation and the outrage if that was the case here.

Also I suspect a lot of Rovers fans owe Adrian Goldberg an apology, including myself, I suspect he may have help save BRFC with his investigative journalisam.

[davulsukur]

What clown this guy is, so glad we sidestepped this landmine.

[cruz]

So Venky's devil horns are a little shorter today?

[davulsukur]

So far Cruz they haven't put us into administration, so yer i'd say so

[mike at picture]

I really do not understand what you are saying.

Deflector shields on full eh? Doesn't wash.

Whatever scraps of credibility That you may have had with

a deluded few must be totally shot. You are a busted flush that should have slunk off weeks ago.

[philipl]

Deflector shields on full eh? Doesn't wash.

Whatever scraps of credibility That you may have had with

a deluded few must be totally shot. You are a busted flush that should have slunk off weeks ago.

Sad that you think that way but you are completely wrong.

[rebelmswar]

Deflector shields on full eh? Doesn't wash.

Whatever scraps of credibility That you may have had with

a deluded few must be totally shot. You are a busted flush that should have slunk off weeks ago.

[AspRover]

The money would help them out and we would get players in return (if there is any decent ones) so every party is a winner

Don't get me wrong - I agree with what you're saying. It just made me laugh...

[Deowuc]

You had better ask the bank who provided proof of funds imy.

I understand it was these people but let me stress that it is only what I was told.

You seem to be blaming the bank for the contents of your posts.

You state that you only posted what you were told

Did the bank tell you the information or was it another party?

If the bank advised you I would agree that you were misled

If the information was provided by another source which you cannot name, then the validity of your sources and the information in (all) your recent posts must be compromised.

[philipl]

At no point did I write on here that I had personally seen the money.

Over to the folks posting on here to find the money quote!

I will hold my hand up and say that I was wrong about WGA and the Trust was right not to sell to them.

BUT they would only have sold to WGA had he done what he said he was going to do and transferred £300m into the club's coffers- that was the basis of his bid. My understanding is that Syed undermined his own bid by getting hard to reach at a critical point during the exclusive bidding window he had negotiated.

As for seeing the money, I had it on very good authority that there was a banker's letter issued to the effect that funds (£100m) were deposited free and without encumbrance in the accounts of WGA Switzerland.

Also on the money front, Rovers DID receive about £1m Syed paid to them for the extended exclusive due diligence period and Bank Top Community Centre and Blackburn Cathedral DID receive the charitable donations Ali Syed said he would make.

I am just a fan looking in from the outside.

BDO were WGA auditors

KPMG were WGA accountants

Citigate were his PR agents

Credit Suisse were his lead bank and they promoted his business ventures according to many sources

A member of the Golden Circle of lawyers were his lawyers.

ALL of these companies have extremely strict "Know your client" processes they undertake to prevent being associated with businesses now getting the sort of publicity Syed is now getting.

Furthermore, Rothschilds are number 2 in the UK merger and acquisitions market and WGA made it through their vetting process to get into negotiations with the Trust. Some 50 or so others got pre-screened out by them for not being sufficiently in funds before getting near to taking to the Trust over the four years Rovers were for sale.

It is worth remembering that Syed received six weeks of exclusive first right of refusal granted him by the Trust on the advice of Rothschilds.

Go back to the press at the time and he was committing to pump GBP300m into the club on completion of acquisition.

In order to validate that he was worth these amounts, I understand that he somehow managed to show the 1bn in Bahrain and that Credit Suisse vouched that GBP100m was deposited in the accounts of WGA Sport AG in Switzerland free of any lien or charge.

[yeti-dog]

The problem is Philip,that the money he was so ostentatiously flashing around was probably some poor schmuck's who'd paid an upfront 'admin' fee and was waiting desperately for a business loan which was never going to materialise.

Shame on you and,more to the point,shame on Rothchilds for being so gullible.

Thank feck he never got his grubby hands on our great club...

[True Blue & White]

The problem is Philip,that the money he was so ostentatiously flashing around was probably some poor schmuck's who'd paid an upfront 'admin' fee and was waiting desperately for a business loan which was never going to materialise.

Shame on you and,more to the point,shame on Rothchilds for being so gullible.

Thank feck he never got his grubby hands on our great club...

For Ali Syed or Venky's?

[yeti-dog]

For Ali Syed or Venky's?

Hilarious...so you're telling me you'd rather have Ali Syed?

Why doesn't that surprise me.

[imy9]

Ones a fraudster- who Phillip if I recall correctly you were backing even after the websites outlining his fraud appeared, it took what, the club to go into administration before you saw sense- honest reply Phillip if something similar came out about Venkys would you give them the benefit of the doubt?

Whatever you say about Venkys, one thing is clear they are legitimate business people.

[Tom]

I think that's a little unfair on Philip Yeti, it's not like he just presumed he had the money, he was shown what appeared to be proof, people with a lot more to lose than Philip have been drawn in by the man it appears he's an expert at this game.

I'm just glad we steered clear of this one

[mike at picture]

Despite Phillip's relentless smear campaign against them, the only thing that has been exposed about Venkys is that they are halfwits.