Source: Daily_Mail
Blackburn takeover in doubt as tycoon is forced to close investment firm
Ahsan Ali Syed's takeover of Blackburn Rovers was thrown into doubt when it was revealed he had been ordered to fold his Bahrain based investment firm.[LNB]Ahsan Ali Syed has said that he would invest £300million in the club, including £100m for new players.[LNB]He was ordered to fold his Bahrain based firm Western Gulf Advisory, according to an investigation made by BBC Radio Five Live.[LNB] Interested party: Ahsan Ali Syed has pledged to invest £300million in Blackburn[LNB]The Bahraini authorities made the demand to cease trading two weeks ago for 'violating the laws and regulations of Bahrain.'[LNB]Mr Syed, an Indian national based in Bahrain, says his proposed purchase of Blackburn will be made as a personal investment and through his Swiss company Western Gulf Advisory AG.[LNB]However, the revelations about his Bahrain investment company will raise questions about his suitability as a club owner.[LNB] Possible new investment: Blackburn's Vince Grella and Morten Gamst Pedersen in action against Arsenal on Saturday[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]Company representatives asked for a brief period to continue operating while tending to their legal situation but were told they would be granted 'not a minute more.'[LNB]Notices were posted by the ministry on the company's premises to inform visitors that Western Gulf Advisory had been closed down.[LNB] Blackburn confirm talks with Indian tycoon Syed over £300m takeover plotBeckham throws weight behind bid as Ali Syed wants superstar at BlackburnBLACKBURN FC
