Indian tycoon Ahasan Ali Syed opens Blackburn Rovers takeover talks

04 August 2010 11:12
Blackburn chairman John Williams insists a number of parties have expressed interest in buying the club.[LNB]Wealthy Indian businessman Ahasan Ali Syed has emerged as the latest candidate to launch a takeover after his investment company Western Gulf Advisory (WGA) made a formal approach to Blackburn's advisers at investment bank Rothschild.[LNB]Williams said: 'There have been a number of interested parties for some time and discussions are ongoing.'[LNB] Under the hammer: Blackburn Rovers could be the latest Premier League club to be taken over by new owners[LNB]WGA have a non-disclosure agreement about the talks but a company spokeswoman said: 'I can confirm that we made a formal approach to buy Blackburn Rovers.'[LNB]Syed's company WGA are based in Bahrain and Switzerland and the 36-year-old is a lawyer who studied at the London School of Economics.[LNB] Rover the moon: Blackburn cost welcome a host of news signings to their line-up, alongside Jason Roberts (R)[LNB]He is reported to be promising to clear the club's £20million debt and invest £300million to sustain the club over a long period of time.[LNB]A number of consortiums have contacted the Jack Walker Trustees over the last three years including one from ex-JJB Sports chief Chris Ronnie, and another based in Iceland.[LNB]In June another Indian entrepreneur, Saurin Shah, was reported as being prepared to bid for the club but for all the activity nothing has come close to a deal being done.[LNB]  Sign up to our FREE Fantasy Football game - with £40,000 in prize money up for grabsAllardyce ready to call pal Fergie to make United kid Diouf a loan RoverRoma's Faty sets sights on Blackburn after failing to tie up French return Blackburn await decision from unnamed striker about coming to Ewood ParkBLACKBURN ROVERS FC

Source: Daily_Mail