Source: Telegraph
Blackburn Rovers suitor Ahsan Ali Syed ordered to shut firm
Ahsan Ali Syed was told to fold his Bahrain-based firm Western Gulf Advisory, according to reports on the BBC.[LNB]The Bahraini authorities made the demand to cease trading two weeks ago for 'violating the laws and regulations of Bahrain'.[LNB] Related ArticlesWilshere arrest clouds Arsenal's bright outlookBlackburn 1 Arsenal 2Premier League actionPremier League tablePremier League fixturesSport on televisionSyed, an Indian national based in Bahrain, says his proposed purchase of Blackburn Rovers will be made as a personal investment and through his Swiss company Western Gulf Advisory AG.[LNB]Following an investigation by the Central Bank of Bahrain, officials from the Ministry of Industry and Commerce visited Western Gulf Advisory's luxury offices and ordered that the company stop trading immediately.[LNB]Syed, who is carrying out due diligence on Blackburn, had hoped to complete the purchase of the club by the end of next month.[LNB]His spokesman said: 'We are purchasing all our investments through our Swiss entity [Western Gulf Advisory AG] and other European entities.[LNB]'This also holds for a takeover of Blackburn which will be acquired by Mr Ahsan Ali Syed personally as well as by his Swiss entity. We are about to approach the Premier League to complete the paperwork soon.'[LNB]
