Indian tycoon targets Rovers takeover
Wednesday 04 August 2010
A wealthy Indian businessman has emerged as a possible buyer for Blackburn.
Ahasan Ali Syed, head of the investment company Western Gulf Advisory, is understood to have opened talks with Blackburn's advisers at investment bank Rothschild.
Syed is not the only person to have expressed an interest in Rovers, however - other parties have been in touch over recent months about a possible takeover.
Blackburn chairman John Williams told Press Association Sport today: "There have been a number of interested parties for some time and discussions are ongoing."
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.
He is reported to being promising to clear the club's £20million debt and invest £300million to sustain the club over a long period of time.
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.
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.
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