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No transfer fees proves Rovers need investment


WHEN the transfer window slammed shut with Blackburn Rovers having spent nothing, the frustration, anger and disappointment was clear for all to see among even the most loyal supporters.

All the inevitable questions were raised. Where has our money gone? Why can the likes of Stoke, Wolves and even Blackpool spend more than us? Why aren’t the board backing Sam Allardyce?

All fair enough questions as well at first glance but once the situation is looked at a little bit more closely, most will realise the blame game is being played in the wrong places.

Rovers’ board have attracted huge criticism from some quarters of their support as the frustrations of seeing the club again bottom of the Premier League spending increasi-ngly spill out.

You can see why too. The club have spent less than half of the £30million raised in transfer fees over the past two seasons and have had to sit and watch their rivals spend big this summer while they are left relying on free transfers and loanees.

It certainly doesn’t seem fair, or right, but it is all too easy to point the finger of blame at chairman John Williams and his board, when they should in fact be being applauded for maintaining the club’s Premier League status in almost impossible circumstances.

The key fact of the matter is that Blackburn Rovers are in the unique Premier League position of receiving absolutely no investment from their owners.

I’m not criticising the Walker Trust, because after all that is their prerogative, but how long the club can continue to produce miracles without new cash injection is questionable.

Even Wigan chairman Dave Whelan was surprised when I mentioned Rovers were completely self-sufficient now during a recent interview. His raised eye brows seemed to say it all about the current task on Rovers’ hands.

The big problem is where the revenue is coming from and, while their wage bill is around mid table, the ratio of wages to turnover sees them alarmingly at the top of the division at more than 80 per cent.

Basically, Blackburn Rovers need new investment and they need it soon. While there seems to be no immediate threat of relegation, it seems almost inevitable the danger will increase the longer they continue as they are.

John Williams, Sam Allardyce, Rovers’ youth set-up and their network of scouts are just a few people who deserve huge credit for ensuring Rovers continue to overcome the financial odds, but it can’t go on forever.

There will come a time when all their prized assets have been sold, no more bargains can be found and the youth conveyor belt has stopped. What next?

At the moment there is no extra investment to finance more signings. Even this season Allardyce’s squad is strong but the rest of their Premier League rivals are catching up.

Why should Rovers finish above the likes of Stoke, Birmingham, Wolves, Wigan and West Ham? After all these are clubs who have been able to spend big this summer to strengthen their squad.

John Williams is fully aware of this as well, as is everyone at the club. There have been promising signs behind the scenes with regards a possible takeover and the sooner it happens the better.

Blackburn Rovers is a great club with a fine tradition. It is well run and sticks to the family values that have made it popular with then majority that have crossed its path.

All it needs is a little helping hand to help it on its way. We aren’t talking about stupid money but just someone who can provide consistent funding to help them compete with the rest. Let’s hope Ahsan Ali Syed, Saurin Shah or anyone else looking at the club is the answer.

With that the future looks bright, without it – well let’s just say the achievements of the club over the past few years could be put into an even starker perspective.

Comments(80)

Vinjay says...
5:45pm Sat 4 Sep 10

"The key fact of the matter is that Blackburn Rovers are in the unique Premier League position of receiving absolutely no investment from their owners.

I’m not criticising the Walker Trust, because after all that is their prerogative, but how long the club can continue to produce miracles without new cash injection is questionable."

Well you should be criticising them. Peter White wouldn't have tolerated it. The connection with Jack if anything makes what they have done to Rovers even worse.

Hopefully we won't have to worry about them for much longer. The level of interest in the club shows what a big club this is though the most small minded fans (i.e certain people who have posted on the BRFCS takeover thread today) will still say the opposite. I guess they are just upset people won't be following their parochial agenda for much longer.

Billypieman says...
5:51pm Sat 4 Sep 10

A very good article. It's obvious the Walkers have no interest in the club. I feel they owe it to the memory of Jack to sell up and get out. If it turns out Mr Syed doesn't have the money that he claims to have then we look elsewhere. What is clear is that without investment, the likes of Jones will be gone next summer and Rovers will be gone from the Premier League within the next five years and we won't be coming back.

in moses we trust says...
6:07pm Sat 4 Sep 10

The demise of the once buyers of the premiership title continues.

bed and breakfast man_! says...
6:11pm Sat 4 Sep 10

Billypieman wrote:
A very good article. It's obvious the Walkers have no interest in the club. I feel they owe it to the memory of Jack to sell up and get out. If it turns out Mr Syed doesn't have the money that he claims to have then we look elsewhere. What is clear is that without investment, the likes of Jones will be gone next summer and Rovers will be gone from the Premier League within the next five years and we won't be coming back.
Fair comment Billypieman,It also shows me all this sky money has created a monster in the terms of wages and demands from players who are in the main not worth what some ask for each week.
Its a shame that it has come to this for Rovers and you are right about the likes of Jones and one or two others that have shown some promise , We cannot carry on at this rate . I also think that JW has done a good job with what little he has to play with and to try keep the books balanced.
It will all come out in the wash one day as to when the Walkers pulled the plug and there main reason's why , But hey who are we to ask , We are only the fans , We dont mean Jack sh1t to them.......

bluenwhite says...
6:40pm Sat 4 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
Bit dim are we? The article spells it out for you, all winners "buy " their trophies. Your just to thick and bitter to accept your small club never have and never will have the resource to compete. As proved in facts last season.
Accept it and suck it up dingle boy ha ha

Stone Island says...
6:54pm Sat 4 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
C*ck sucker.

Flozza says...
7:00pm Sat 4 Sep 10

You are trapped in the wrong argument. Rovers are in the Premier League, they were unbeaten at home to the top clubs last season, they have real fans. Rovers are an exception and they are an example. We should be proud, not embarrassed or apologetic. We are in the Premier League for the same reason as everyone else. We deserve to be. Stand up, Blackburn Rovers fans. Be proud. Love your club.

kevin e says...
7:19pm Sat 4 Sep 10

Flozza wrote:
You are trapped in the wrong argument. Rovers are in the Premier League, they were unbeaten at home to the top clubs last season, they have real fans. Rovers are an exception and they are an example. We should be proud, not embarrassed or apologetic. We are in the Premier League for the same reason as everyone else. We deserve to be. Stand up, Blackburn Rovers fans. Be proud. Love your club.
Spot on.

.

Great post.

.

Blackburn Rovers are an example to the rest of the Premiership and we have every right to be the proudest of fans.

Stone Island says...
7:27pm Sat 4 Sep 10

kevin e wrote:
Flozza wrote: You are trapped in the wrong argument. Rovers are in the Premier League, they were unbeaten at home to the top clubs last season, they have real fans. Rovers are an exception and they are an example. We should be proud, not embarrassed or apologetic. We are in the Premier League for the same reason as everyone else. We deserve to be. Stand up, Blackburn Rovers fans. Be proud. Love your club.
Spot on. . Great post. . Blackburn Rovers are an example to the rest of the Premiership and we have every right to be the proudest of fans.
I second that!

Joey99 says...
8:29pm Sat 4 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
And the demise of the team that once had "god" as their manager continues apace in the Chumpinship

Joey99 says...
8:30pm Sat 4 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
*Chumpionship

Forever Blue says...
10:28pm Sat 4 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
k***b Head

Matt-- says...
10:42pm Sat 4 Sep 10

"During the week of 16 August 2010, Popov arrived at English Premier League club Blackburn Rovers for a trial as confirmed by club chairman John Williams who controls club transfer funds. Williams, is quoted as saying "He is one of a number of strikers currently under consideration. We have not made an offer to his club." on 19 August 2010. It was later revealed that Popov had completed his trial with the club successfully, and that they were considering making a bid for the player. The work permit issue revealed by some sections of the media has since been reputed as untrue however. Popov was also connected with the newly promoted spanish club Hércules, but they didn't agree to pay €3 million. The saga ended when he was singned by the Turkish club Gaziantepspor for a reported fee of €1.5 million."

Bearing in mind that this is wikipedia so it may not be true, I think this shows some of the difficulty of being ripped off as a premier league club when you have no money. If we'd been asked just over £1m we'd have gotten him but foreign clubs just see premier league and think chelsea, city etc. We do need that money now but I think it's important that we keep Williams in the club, he's a legend.

I don't mean to be offensive by saying this but why is Peter White suddenly an icon of quality reporting and virtue? He was fine but I remember people slagging off his reports before he died. Maybe we should get Elton John to write a song about him to fit the false icon role even better.

RoverInRotterdam says...
10:50pm Sat 4 Sep 10

Stone Island wrote:
kevin e wrote:
Flozza wrote: You are trapped in the wrong argument. Rovers are in the Premier League, they were unbeaten at home to the top clubs last season, they have real fans. Rovers are an exception and they are an example. We should be proud, not embarrassed or apologetic. We are in the Premier League for the same reason as everyone else. We deserve to be. Stand up, Blackburn Rovers fans. Be proud. Love your club.
Spot on. . Great post. . Blackburn Rovers are an example to the rest of the Premiership and we have every right to be the proudest of fans.
I second that!
My Rovers flag flies with pride over here mainly for the reasons above . We are a premiership club because we,ve earned that right year on year ,and for fans like me & others who have supported them from the very early 70,s and know just how hard it was to get where we are now , i think we all owe J.W. & Sam a real debt of gratitude not only for keeping us in the Prem,but also for us to be able to compete with teams spending millions while we can't. Quite a feat - eh ? Well, i think so ....

Kappy says...
11:19pm Sat 4 Sep 10

Before decrying Rovers lack of spending, we should consider that many players are bought then prove to be absolutely useless. Seems many are bought just for the sake of it. Maybe better with the ones we have unless the right player can be obtained at the right price. The present squad is better than many of the teams with new bloos.

Kappy says...
11:20pm Sat 4 Sep 10

Before decrying Rovers lack of spending, we should consider that many players are bought then prove to be absolutely useless. Seems many are bought just for the sake of it. Maybe better with the ones we have unless the right player can be obtained at the right price. The present squad is better than many of the teams with new blood.

hasslem hasslem says...
11:32pm Sat 4 Sep 10

No offence to peter white but he was a bit-part local jobbing journo that happened to land the big kahuna in 1992 when it went billy big b0llox.
.
i know a few stories about him - but fair to say he was no icon.
.
the journalistic landscape ha changed immesurably since the mid 90s, with murdoch's empire both paying and controlling the purse-strings.
.
the expression is that he that pays the piper calls the tune and local titles are being squeezed out. We will be lucky if in 5-10 years time the LT exists. When it comes to sport local journos rarely get the time of day from football clubs nad they have to fight like mad to get any story.
.
believe me - i have seen locals pleading with coaches to get something that the nationals and sky havent got a whiff of.....but they leave empty handed.
.
the era of local press has regrettably gone and it is like a big grandfather clock that nobody has wound up for years that will ultimately just stop....and then we will all moan.

hasslem hasslem says...
11:32pm Sat 4 Sep 10

No offence to peter white but he was a bit-part local jobbing journo that happened to land the big kahuna in 1992 when it went billy big b0llox.
.
i know a few stories about him - but fair to say he was no icon.
.
the journalistic landscape ha changed immesurably since the mid 90s, with murdoch's empire both paying and controlling the purse-strings.
.
the expression is that he that pays the piper calls the tune and local titles are being squeezed out. We will be lucky if in 5-10 years time the LT exists. When it comes to sport local journos rarely get the time of day from football clubs nad they have to fight like mad to get any story.
.
believe me - i have seen locals pleading with coaches to get something that the nationals and sky havent got a whiff of.....but they leave empty handed.
.
the era of local press has regrettably gone and it is like a big grandfather clock that nobody has wound up for years that will ultimately just stop....and then we will all moan.

elsbells says...
11:34pm Sat 4 Sep 10

just for the record Aston Villa spent diddly squat too!!!

blueette says...
7:30am Sun 5 Sep 10

Negative bolleaux from Cryer - I haven't personally heard any Rovers fan I've spoken to bemoan the lack of spending.
No doubt if it was 10 miles down the M65 the summer transfer activity would be heralded as "sensible housekeeping" and "prudently refusing to pay over-the-odds" as the "Lets-have-a-happy-d
ays-story-about-the-
Clarets-but knock-Rovers" campaign intensifies.

The ball is round so pass it! says...
8:27am Sun 5 Sep 10

The Walker family have been fantastic for BRFC and we could only have dreamed (I did!) of the last 20 years.
.
Lets trust them to hand over the club to what they **** is the best for the club. Afterall none of this would have happened without them. £20m a year for a few years on top of the £60 -£70m from TV etc would certainly allow us to compete with all but 4 or 5 clubs.
.
Wenger remains the master though - its offten forget he spends nowt net on transfers over many yeras but gets in the Champions league every year whilst playing great football on the eye. A mix of bargains, developing youth, free transfers and re-investing profit on sales wiseley is the model to follow.

The ball is round so pass it! says...
8:29am Sun 5 Sep 10

The **** word was think!

adelaideblue says...
8:59am Sun 5 Sep 10

in moses we trust wrote:
The demise of the once buyers of the premiership title continues.
****

emertonbrokemyhand says...
9:19am Sun 5 Sep 10

Blackburn Rovers takeover man Syed left UK debt trail
By Adrian Goldberg Presenter, 5 live Investigates The Indian businessman hoping to take over Blackburn Rovers has left a trail of unpaid debt in the UK.
He was a very good tenant, very quiet ... until he started delaying paying his rent”
Abdur Karim Ali Letting Agent
Records show Ahsan Ali Syed has failed to pay a county court judgement of £61,500. Other debts include £7,800 in unpaid rent and nearly £1,000 in unpaid council tax.
Mr Ali is also listed as director of two UK companies which were dissolved for non-compliance.
The businessman did not respond to the BBC's request for comment.
Mr Ali lived in England between 2001 and 2005, saying he was here "enjoying family life".
Companies House records show one of his earliest listed addresses was in Colchester, Essex. However, the owner of the property said that Mr Ali has had no connection with the address.
Congestion charge
Mr Ali did live in a rented flat in London's West End. The letting agent, Abdur Karim Ali, said Mr Ali "was a very good tenant, very quiet, until 2004 and he started delaying paying his rent."
Ahsan Ali Syed left his London home in 2005, owing £7,800 in rent
Mr Ali suddenly vacated the London apartment in May 2005 owing approximately £7,800 in unpaid rent.
The letting agent said the man now hoping to buy Blackburn Rover's also left the flat littered with unopened mail and shredded documents.
"It was in a very, very bad condition. Everything was turned upside down."
Mr Ali did not leave a forwarding address, and the agent said he had hired solicitors to try and track down his former tenant, but they could not find him.
The BBC has discovered that other parties were also seeking Mr Ali for unpaid debts.
Registry Trust records show that Mr Ali is yet to settle a £61,500 "unsatisfied" - or unpaid - county court judgement made against him in 2007. Specific details of this judgement are not known.
Other debts that appear to be outstanding include an unpaid London congestion charge fine. Bailiffs were also seeking Mr Ali for unpaid Council Tax totalling £932.25.
Dissolved companies
Mr Ali says he has assets of about $3bn (£1.9bn) and the website of his Bahrain based company, Western Gulf Advisory, says he "plays a role in the management and the boards of over 133 companies worldwide".
As far as Mr Ali's UK business interests, the BBC could only find records linking him to two companies in London.
In 2001, he registered as a director of Grovebridge Investments. Five years later Companies House wrote to the company's directors, asking if it was still trading because no returns had been submitted.
Grovebridge Investments Limited was struck off in September 2006.
Mr Ali was also a director of All Star Foods, which was dissolved in 2004 - again because no returns were filed.
According to information published by Mr Ali's company, Western Gulf Advisory, he purchased a Canadian company between 2003 and 2004, for C$565,000 (£352,000) and sold it 16 months later for C$8m.
When asked about his Canadian interests, Mr Ali told the BBC that he had two Canada-based businesses: Western Gulf Petroleum and Western Gulf Investments, which were founded in 2004/5.
Just as in Britain, official records show these companies were dissolved for failure to file returns.
'Royal adviser'
Earlier this week, the BBC revealed that Mr Ali's Bahrain based investment company, Western Gulf Advisory, was ordered to cease trading by the country's Ministry of Industry and Commerce.
Mr Ali has pledged a £100m transfer pot to Rovers' boss Sam Allardyce
While the company initially denied the claims, Mr Ali has since been quoted as saying that he is co-operating fully with the authorities in the Middle Eastern state.
Mr Ali has stressed that it is not his Bahrain-based company that is leading the takeover bid, but his Swiss based firm, Western Gulf Advisory-AG and his takeover bid remains unaffected.
According to his company website, Mr Ali has been self-employed since the age of 16, following in the footsteps of his family, which has 150 years' experience in private sector lending across Asia.
His company CV says Mr Ali's expertise is highly recognised in the financial world and that he acts as adviser to royalty and many high net-worth individuals.
Mr Ali has told the BBC he hails from Bhongir, a town with a population of 50,000, near Hyderabad in India. It is here, he says, his family owned 900 acres of farm land, making their money through agriculture.
However, Joseph Anthony who writes for The Hindu newspaper says that Mr Ali is seemingly an unknown figure in his hometown - surprising given his apparent wealth.
Mr Antony made inquiries with the revenue authority in Nalgonda, the district to which Bhongir belongs.
'Responsibility'
He was told by the Collector and District Magistrate - the highest revenue authority in the district - that they had never heard of Ahsan Ali Syed.
The club's board of directors are acutely aware of the responsibility involved in passing the club to a new owner”
Blackburn Rovers FC
Sources in Bahrain suggest that he is similarly unheralded in Bahrain's financial circles.
Reports suggest that Mr Ali plans to invest £300m at Blackburn Rovers, who have fallen on hard times since winning the Premier League in 1995.
The club's success was bankrolled by local tycoon, Jack Walker. In recent years, Rovers have been financed by a trust set up by Mr Walker before his death in 2,000. The club is now rumoured to be £20m in debt.
A number of overseas investors have shown an interest in buying Rovers, but Mr Ali's bid has made the greatest progress.
His representatives are currently examining the football club's accounts, with a view to completing the buyout by the end of September.
Over the past week, the BBC has submitted repeated requests for an interview with Mr Ali, but was told he was unavailable for comment. Western Gulf Advisory also failed to respond to a request for a written statement.
A Blackburn Rovers Football Club spokesman said: "The club has been for sale for some time and, for it to remain competitive in one of the world's toughest sporting competitions, we accept that new investment is required.
"Equally, the trustees of the late Jack Walker, who are being professionally advised, and the club's board of directors are acutely aware of the responsibility involved in passing the club to a new owner."

hasslem hasslem says...
9:57am Sun 5 Sep 10

emertonbroke - surely this is just another conspiracy by the bbc??
.
funny couple of weeks ago you couldn't shut mr. syed up. now he is tighter than a virgin's chastity belt.
.
Michael Knighton anybody?
.
no doubt our resident muppets will be on soon telling us the deal is done and its all the walker family's, john williams', goldberg's bbc's, my fault.

As dury said "i should wear the clothing of mr. walter mitty"

rubble71 says...
10:32am Sun 5 Sep 10

How do he or his advisors possibly think he could pass a premier league 'fit & proper' person test?

Mani13963 says...
12:31pm Sun 5 Sep 10

rubble71 wrote:
How do he or his advisors possibly think he could pass a premier league 'fit & proper' person test?
Hang on a minute rubble...what factual evidence has anyone shown that mr syed is a fake?? The very fact that he has got this far with our board would suggest that he's good for the money...why are we all Reading these articles and panicking??

If u look at the actual substance of this article it's shoddy to say the least..."previous landlords" £1000 here even £60,000 there...these guys deal with multi million pound deals..this is pocket change to them in the LET are scraping the barrell...

Trust the experts I say..not the two bit no marks who write this stuff!!

Rovers0411 says...
1:04pm Sun 5 Sep 10

So Andy Cryer thinks we are in an unique position of not receiving any investment from our owners? Maybe that is not a bad thing?

How many PL clubs have 'benefited' from investment by owners that has merely provided funds in the pursuit of short term success and at the same time plunged them into tens of millions of debt? Pompey are the obvious example but look at the likes of Man Utd, debt free until they were taken over by the Glaziers. Liverpool are another high profile example. The Icelandic owners bankrolled massive but wasteful spending at WHU and look at the state the Hammers were left in when the Icelandic banks pulled the plug. There is £3bn of debt in the PL, most created by the 'investment' of new owners.

By definition an investor is seeking a return on their investment. Realistically are Blackburn Rovers an attractive investment? With our fanbase any investor would be taking a massive gamble. If the gamble failed investment now could see major financial problems for the club in the next few seasons with the club's revenue streams insufficient to even finance the interest on investment. It would be like spending freely through monies obtained from credit cards and unsecured credit then having the realisation hit that you didn’t have sufficient income to repay those loans

The majority of owners in the PL are investors seeking a return on their investment. Jack Walker was almost unique. He was a benefactor, not an investor. He poured millions into the club with no expectation of a return. How many other owners are benefactors with no expectation of getting any return as opposed to investors eventually seeking a profit on their investment?

Public statements by Syed are promising. He appears well intentioned and has said his motives are not to make money from owning the club. Providing that is true and he can deliver on those promises then Syed will be joining a small, select band of true benefactors in football.

Some of the reports starting to emerge about Syed do raise concerns. Whether there is any substance in the allegations is a matter that we have to trust the current owners, their advisors, and the PL (through the new fit and proper persons test) investigate fully before making any decisions regarding the proposed takeover.

To ignore the allegations against Syed, as the likes of Kick Out and Vinjay appear to propose, would be foolhardy. The owners have to proceed with caution. Once any takeover is completed there is no way back. Whatever decision is made has to be the right one as it will determine the future of the club not just for the next few seasons for but for the next generation of Rovers fans as well.

Regarding the lack of current funding there is certainly implied criticism in Cryer's comments about the Trustees. No one can deny that the accounts reveal that over the last few years funding has virtually dried up but Cryer (who in his position should be making far more informed and intelligent comment) appears to make the same mistake as the likes of Kick Out and Vinjay in ignoring the legal status of a Trust and Trustees responsibilities in managing the Trust's asset in accordance with the Trust Deed. None of us know the details in that Trust Deed but in fulfilling their legal responsibilities Trustees are complying with Jack Walker's wishes in respect of funding to the club so any criticism of the Trustees is a criticism of Jack Walker. Can anyone really justify criticising Uncle Jack? Even if he had walked away in 1995, having given us the title, and never put another penny into the club he had already done more than any of us could have ever have dreamed of.

The likes of Vinjay and Kick Out accuse anyone of wanting the club’s owners to proceed with caution as being anti-Syed or anti-takeover. It is nothing to do with being anti Syed or anti takeover, it is about wanting the right decision being made for the future of Blackburn Rovers. If all the investigations into Syed by the Trustees, John Williams, Rothschild’s and the PL show that there is no need for concern regarding the current allegations; that Syed does have the assets that he has claimed through press releases; and that his motives and intentions are also as we have read in press releases then I for one look forward with eager anticipation to when contracts are signed and the takeover is concluded. But if investigations reveal concerns about his background, assets or intentions for the club I would much rather remain in the safe hands of our current owners. Maybe the future would`nt be as exciting as promised by Syed, maybe the future would`nt be as a PL team; but we would have a future. Could that be said if we gambled knowing background checks had raised serious concerns about the Syed bid? That is exactly the gamble Pompey took. I wonder how many of their fans now think the euphoria of massive investment in playing staff culminating in a FA win was worthwhile in view of the uncertain future they now face?

Stone Island says...
1:41pm Sun 5 Sep 10

Rovers0411 wrote:
So Andy Cryer thinks we are in an unique position of not receiving any investment from our owners? Maybe that is not a bad thing? How many PL clubs have 'benefited' from investment by owners that has merely provided funds in the pursuit of short term success and at the same time plunged them into tens of millions of debt? Pompey are the obvious example but look at the likes of Man Utd, debt free until they were taken over by the Glaziers. Liverpool are another high profile example. The Icelandic owners bankrolled massive but wasteful spending at WHU and look at the state the Hammers were left in when the Icelandic banks pulled the plug. There is £3bn of debt in the PL, most created by the 'investment' of new owners. By definition an investor is seeking a return on their investment. Realistically are Blackburn Rovers an attractive investment? With our fanbase any investor would be taking a massive gamble. If the gamble failed investment now could see major financial problems for the club in the next few seasons with the club's revenue streams insufficient to even finance the interest on investment. It would be like spending freely through monies obtained from credit cards and unsecured credit then having the realisation hit that you didn’t have sufficient income to repay those loans The majority of owners in the PL are investors seeking a return on their investment. Jack Walker was almost unique. He was a benefactor, not an investor. He poured millions into the club with no expectation of a return. How many other owners are benefactors with no expectation of getting any return as opposed to investors eventually seeking a profit on their investment? Public statements by Syed are promising. He appears well intentioned and has said his motives are not to make money from owning the club. Providing that is true and he can deliver on those promises then Syed will be joining a small, select band of true benefactors in football. Some of the reports starting to emerge about Syed do raise concerns. Whether there is any substance in the allegations is a matter that we have to trust the current owners, their advisors, and the PL (through the new fit and proper persons test) investigate fully before making any decisions regarding the proposed takeover. To ignore the allegations against Syed, as the likes of Kick Out and Vinjay appear to propose, would be foolhardy. The owners have to proceed with caution. Once any takeover is completed there is no way back. Whatever decision is made has to be the right one as it will determine the future of the club not just for the next few seasons for but for the next generation of Rovers fans as well. Regarding the lack of current funding there is certainly implied criticism in Cryer's comments about the Trustees. No one can deny that the accounts reveal that over the last few years funding has virtually dried up but Cryer (who in his position should be making far more informed and intelligent comment) appears to make the same mistake as the likes of Kick Out and Vinjay in ignoring the legal status of a Trust and Trustees responsibilities in managing the Trust's asset in accordance with the Trust Deed. None of us know the details in that Trust Deed but in fulfilling their legal responsibilities Trustees are complying with Jack Walker's wishes in respect of funding to the club so any criticism of the Trustees is a criticism of Jack Walker. Can anyone really justify criticising Uncle Jack? Even if he had walked away in 1995, having given us the title, and never put another penny into the club he had already done more than any of us could have ever have dreamed of. The likes of Vinjay and Kick Out accuse anyone of wanting the club’s owners to proceed with caution as being anti-Syed or anti-takeover. It is nothing to do with being anti Syed or anti takeover, it is about wanting the right decision being made for the future of Blackburn Rovers. If all the investigations into Syed by the Trustees, John Williams, Rothschild’s and the PL show that there is no need for concern regarding the current allegations; that Syed does have the assets that he has claimed through press releases; and that his motives and intentions are also as we have read in press releases then I for one look forward with eager anticipation to when contracts are signed and the takeover is concluded. But if investigations reveal concerns about his background, assets or intentions for the club I would much rather remain in the safe hands of our current owners. Maybe the future would`nt be as exciting as promised by Syed, maybe the future would`nt be as a PL team; but we would have a future. Could that be said if we gambled knowing background checks had raised serious concerns about the Syed bid? That is exactly the gamble Pompey took. I wonder how many of their fans now think the euphoria of massive investment in playing staff culminating in a FA win was worthwhile in view of the uncertain future they now face?
Thats a great post. One of the best i've ever read, and is absolutely spot on.

Come the Revolution says...
1:50pm Sun 5 Sep 10

Rovers0411. Spot on. An intelligent & balanced run down on the takeover bid.

bluerover says...
3:28pm Sun 5 Sep 10

http://www.bbc.co.uk
/news/business-11163
004

BBc doing more digging. I'm so glad our licence fee is well spent!

Woody Riversider says...
3:30pm Sun 5 Sep 10

Rovers0411 wrote:
So Andy Cryer thinks we are in an unique position of not receiving any investment from our owners? Maybe that is not a bad thing?

How many PL clubs have 'benefited' from investment by owners that has merely provided funds in the pursuit of short term success and at the same time plunged them into tens of millions of debt? Pompey are the obvious example but look at the likes of Man Utd, debt free until they were taken over by the Glaziers. Liverpool are another high profile example. The Icelandic owners bankrolled massive but wasteful spending at WHU and look at the state the Hammers were left in when the Icelandic banks pulled the plug. There is £3bn of debt in the PL, most created by the 'investment' of new owners.

By definition an investor is seeking a return on their investment. Realistically are Blackburn Rovers an attractive investment? With our fanbase any investor would be taking a massive gamble. If the gamble failed investment now could see major financial problems for the club in the next few seasons with the club's revenue streams insufficient to even finance the interest on investment. It would be like spending freely through monies obtained from credit cards and unsecured credit then having the realisation hit that you didn’t have sufficient income to repay those loans

The majority of owners in the PL are investors seeking a return on their investment. Jack Walker was almost unique. He was a benefactor, not an investor. He poured millions into the club with no expectation of a return. How many other owners are benefactors with no expectation of getting any return as opposed to investors eventually seeking a profit on their investment?

Public statements by Syed are promising. He appears well intentioned and has said his motives are not to make money from owning the club. Providing that is true and he can deliver on those promises then Syed will be joining a small, select band of true benefactors in football.

Some of the reports starting to emerge about Syed do raise concerns. Whether there is any substance in the allegations is a matter that we have to trust the current owners, their advisors, and the PL (through the new fit and proper persons test) investigate fully before making any decisions regarding the proposed takeover.

To ignore the allegations against Syed, as the likes of Kick Out and Vinjay appear to propose, would be foolhardy. The owners have to proceed with caution. Once any takeover is completed there is no way back. Whatever decision is made has to be the right one as it will determine the future of the club not just for the next few seasons for but for the next generation of Rovers fans as well.

Regarding the lack of current funding there is certainly implied criticism in Cryer's comments about the Trustees. No one can deny that the accounts reveal that over the last few years funding has virtually dried up but Cryer (who in his position should be making far more informed and intelligent comment) appears to make the same mistake as the likes of Kick Out and Vinjay in ignoring the legal status of a Trust and Trustees responsibilities in managing the Trust's asset in accordance with the Trust Deed. None of us know the details in that Trust Deed but in fulfilling their legal responsibilities Trustees are complying with Jack Walker's wishes in respect of funding to the club so any criticism of the Trustees is a criticism of Jack Walker. Can anyone really justify criticising Uncle Jack? Even if he had walked away in 1995, having given us the title, and never put another penny into the club he had already done more than any of us could have ever have dreamed of.

The likes of Vinjay and Kick Out accuse anyone of wanting the club’s owners to proceed with caution as being anti-Syed or anti-takeover. It is nothing to do with being anti Syed or anti takeover, it is about wanting the right decision being made for the future of Blackburn Rovers. If all the investigations into Syed by the Trustees, John Williams, Rothschild’s and the PL show that there is no need for concern regarding the current allegations; that Syed does have the assets that he has claimed through press releases; and that his motives and intentions are also as we have read in press releases then I for one look forward with eager anticipation to when contracts are signed and the takeover is concluded. But if investigations reveal concerns about his background, assets or intentions for the club I would much rather remain in the safe hands of our current owners. Maybe the future would`nt be as exciting as promised by Syed, maybe the future would`nt be as a PL team; but we would have a future. Could that be said if we gambled knowing background checks had raised serious concerns about the Syed bid? That is exactly the gamble Pompey took. I wonder how many of their fans now think the euphoria of massive investment in playing staff culminating in a FA win was worthwhile in view of the uncertain future they now face?
Here, here.

Jack Walker left behind a legacy that must & should be fulfilled for, as the above post states: 'For the future of Blackburn Rovers'

Time's move on but, traditions don't & neither should they. Simply put this club is 135 years of age & deserves the respect of that by any future/potential owner.

Make no mistake BRFC will not be sold to any fly-by-night' junket & J.Walkers request will be fulfilled. Rather I go down the leagues in the current state than plunging through neglect.

This demand is made not just of J.Walker but, by those who have supported the club since it's birth.

Arte et labore

Joey99 says...
4:01pm Sun 5 Sep 10

bluerover wrote:
http://www.bbc.co.uk

/news/business-11163

004

BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/

gosportdunc says...
4:37pm Sun 5 Sep 10

yoListen to the full report on 5 live Investigates on BBC Radio 5 live at 2100BST on Sunday, 5 September. Subscribe to the programme podcast. Email goldberg@bbc.co.uk

u can LISTEN TO THE FEEDhttp://www.bbc.c
o.uk

/news/business-11163


004

bluenwhite says...
5:00pm Sun 5 Sep 10

Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.

rubble71 says...
5:18pm Sun 5 Sep 10

Doesn't his 4 week period of exclucivity end a week tomorrow? I guess we'll find out if he's the real deal this week.

kick out says...
5:57pm Sun 5 Sep 10

McCabe enters Western Gulf Advisory partnership
By: Karli Edmondson
Posted: Friday, July 30, 2010 3:42 pm
J&M McCabe Properties Limited, the holding company of McCabe Group, a Dublin-based construction company, has formed a strategic partnership with Western Gulf Advisory ("WGA"), a Bahrain-Swiss-based investment company in a transaction worth £300 million that includes the company's debt.

The partnership will enable McCabe's management team to maintain its focus on running the business whereas WGA will act as the financial partner. From the total investment amount of £300 million WGA has provided £40 million to fund the completion of its existing projects.

McCabe is currently responsible for a number of high profile developments under construction in Ireland and the UK, including Prospect Hill in Finglas and the 4* Marriott Hotel in Asbourne, Co Meath. In the UK, McCabe’s existing developments include 7 Apartments in Arlington Street London and 32 Units in Clapham along with a 27 Storey Tower on City Road in London.

WGA, which is financing the transaction from its own resources, has committed to maintaining its stake in McCabe over the long-run, providing the company with the necessary financial stability to ensure it is in a prime position to benefit from improved market conditions.

Commenting on the partnership, John McCabe, founder and Managing Director of J&M McCabe Properties Limited, said: “We are delighted to have agreed this partnership with WGA. Soon after we approached WGA, it became apparent that they saw the long term potential of our business and we both saw the benefits of entering a partnership agreement with clearly defined roles. With the help of a strong financial partner in WGA, we will be able to bring our existing projects to market as well as acquire additional assets and contracts.

“We have been in business for nearly forty years and with WGA’s backing we are in a strong position to maximise the value of our assets and build our reputation as a high quality developer.”

Ahsan Ali Syed, founder and President of WGA added: “We are very pleased to have entered into a long term partnership with McCabe. This is a well managed business with a long track record of success and as the economic cycle starts to move into the upturn we believe it has a strong future ahead of it.

“This agreement marks WGA's first investment in Ireland and we are developing a long term plan for investing in the country across a number of sectors. At a time when many of Ireland's banks are facing severe lending restrictions, many businesses employing large workforces are entering a distressed state despite being fundamentally sound and having considerable growth potential. We look forward to extending our support to other Irish businesses facing these types of challenges.”

kick out says...
6:02pm Sun 5 Sep 10

Things dont add up here the bbc claim he has no money even though he has bought into the irish company.
The managing director of that company has had no problems in dealing with him so i think goldberg needs to look at this before he comes out with his ****.
All in all he has got to due diligence and has shown to the board he has money so lets wait and here forget goldberg he is a total ****

kick out says...
6:08pm Sun 5 Sep 10

What you also need to know is that he invested into mccabe through his swiss firm and not the bahrain one.
This is also the firm he has said he will be using to buy rovers.

BlueSkies says...
6:11pm Sun 5 Sep 10

hasslem hasslem wrote:
No offence to peter white but he was a bit-part local jobbing journo that happened to land the big kahuna in 1992 when it went billy big b0llox. . i know a few stories about him - but fair to say he was no icon. . the journalistic landscape ha changed immesurably since the mid 90s, with murdoch's empire both paying and controlling the purse-strings. . the expression is that he that pays the piper calls the tune and local titles are being squeezed out. We will be lucky if in 5-10 years time the LT exists. When it comes to sport local journos rarely get the time of day from football clubs nad they have to fight like mad to get any story. . believe me - i have seen locals pleading with coaches to get something that the nationals and sky havent got a whiff of.....but they leave empty handed. . the era of local press has regrettably gone and it is like a big grandfather clock that nobody has wound up for years that will ultimately just stop....and then we will all moan.
What's with you and Matt? To refer to Peter White as a bit part local jobbing journo is insulting!
.
You know a few stories about him? Well, why not tell us and also give us your e-mail and home address, then let us all judge your comments.
.
Of course, Peter White operated in a totally different journalistic environment than what exists today. In those times, players lived alongside the fans, drank together after games in the pub, shared opinions.
.
I think your comments may be being misconstrued by myself, as a personal attack on a terrific sports reporter. I certainly hope so. SKY rules, I accept that, but please don't disrespect the memory.

hasslem hasslem says...
6:33pm Sun 5 Sep 10

of course he was just a local jobbing journalist - there is no insult in that - that was his job. He got lucky like we all did in Rovers in the 90s.
.
My reference about him and stories is more about how idiots like Vinjay seem to hold him up as some annointed figure sitting on God's right hand.
.
He wrote reviews of Rovers performances and regular team updates during the week.....that's all.
.
Don't recall any major investigative piece that he did revealing "hold the front page" news that he did.
.
I am not disrespecting his memory - where on earth have i said that?
.
Equally, everybody seems to come on here and just slag Andy Cryer off - for just doing his job. Its not me that keeps dragging Peter White up on here it is that numpty Vinjay that uses his name every time he wants to slag off the Walker Trust, the Walker family, John Williams and Lancashire Telegraph.
.
Quite happy to have a rammie on this - but if you want to park your tanks, I would suggest you place them on Vinjay's lawn and not mine.
.
Not disrespecting his memory, just pointing out he was a local journalist - NOT AN ICON as some seem to believe.
.
And finally, don't see what my e.mail address has got to do with anything.

Joey99 says...
6:40pm Sun 5 Sep 10

bluenwhite wrote:
Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.
What is worrying is that he could take over the club and send it the same way as Portsmouth, thats what's effing worrying!

tpreece01 says...
6:47pm Sun 5 Sep 10

2100 BST - The LET will exclusively reveal the identity of The Stig!

Seriously though, we've had talk from this guy telling us how much money he's going to spend, but little evidence available in the public domain of where this money is. There have been conflicting comments from him and his people about his company being shut down over the last week and evidence is emerging of unpaid debts.

Sure, the BBC wouldn't have a show to air if they were going to say "all accounts up to date, healthy bank balances, he'll be a good owner", they're looking for dirt and they'll deliver dirt. But, where is the other side of this story? Where is the evidence to show publicly that this guy is genuine?

The comments on this page suggest anybody that doubts him because of the BBC is wrong to doubt, but what would you prefer? A fraudster who convinces the club and trust he has funds and is willing to use them, or a more modest buyer who can afford to keep the club ticking over in the Prem but not £300m to throw away?

Let's keep it realistic - hopefully he's the genuine article and life will be rosy for many years to come, but balanced evidence is needed before drawing opinions and so far we've had words of good intentions and stories of woe.

If there is any doubt then the Trust should be brave enough to reject any offer he makes. They might not want to own the club, but to act in Jack's interests they cannot sell it on without being certain they have a genuine buyer with the clubs interests at heart.

The ball is round so pass it! says...
6:50pm Sun 5 Sep 10

Joey99 wrote:
bluenwhite wrote:
Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.
What is worrying is that he could take over the club and send it the same way as Portsmouth, thats what's effing worrying!
Do you really think the Walker family would let that happen?
.
Just like Uncle Jack set up a trust for Rovers well before 1995 any prospective owners will be asked to gaurantee they will not borrow against the club to buy it and prove they have the funds to invest. Also the new PL rules are supposed to stop another Portsmouth scenario.
.
That said my security has just come up as "back-turn" whmmmmm!

BRFC1959 says...
6:59pm Sun 5 Sep 10

Hej All,

Well, well, well, here we go with a piece of journalism that we do not read about everyday and suddenly we a lot of you criticizing what Andy wrote.

To me it seems fair and square. Andy has put his thoughts in writting and as everybody else he has an opinion, would even say he has a clearer picture than most of us.

From here we divert into mr. Syed's story which by the day seems to be more and more closer to a nightmare rather than, as I have said before, the lovelt script and speaches he gave at the begining.

The fire seems to take over the smoke according to the latest on BBC5. I have to admit that BBC has done some serious research as they would not display it just like that without having done their homework first.

Worrying factor is that suddenly mr Syed is not willing to face the medias any longer which proves that he needs to do his homework before coming out speaking about the take over.

As a fan I am not worry as the club will do its homework prior deciding anything and furthermore the FA will still have to approve whatever the club decides on the sale/takeover.

Sofar this is giving some serious discussions on all the issues and opens fronts that were not discussed before.

This is shaking the institution and can give some new positive ideas!!!

Let see what is coming !!!!

kick out says...
7:04pm Sun 5 Sep 10

tpreece01, Birkenshaw regarding your comment syed has invested in 2 firms recently and the owners of the firms have talked positive about him.
So where do you think that money came from also the, firms also did due diligence on him and why should he tell the public where his money is?
He would have shown that to the board and has nothing to do with the public or that ponce goldberg.
The ball is round so pass it!, Tugayville regarding you back turn means look up ur arse to see who is bumming you and my security word was deal-done

kick out says...
7:08pm Sun 5 Sep 10

BRFC1959, LONDON.
First of all look at it he has invested in 2 firms recently did your dad pay for them and the firms talked positively about him.
Secondly the fire is up your arse so go and check the smoke there and see if you can get high off it .

kick out says...
7:12pm Sun 5 Sep 10

As mr syed said the only way to shut the media and the rovers fans against him is by buying the club.
Why should he have to come out in the media everyday and why would he want to speak to the knobs at bbc.
The bbc have never give us any coverage so i assume syed has picked up on that and now all of a sudden who are they to want to speak to him.
I am sure he will shut them up by buying the club

jack01 says...
7:22pm Sun 5 Sep 10

kick out wrote:
As mr syed said the only way to shut the media and the rovers fans against him is by buying the club.
Why should he have to come out in the media everyday and why would he want to speak to the knobs at bbc.
The bbc have never give us any coverage so i assume syed has picked up on that and now all of a sudden who are they to want to speak to him.
I am sure he will shut them up by buying the club
Well said. When it comes to on-the-pitch activities the bbc never give us any time on their programmes, now all of a sudden when there's possibly something negative to cling onto they desperately want to speak to mr syed. The only way to deal with jealous brummies and londoners like goldberg and the rest of the bbc is to successfully take over the club. Then what will they talk about?

rggraham1947 says...
7:43pm Sun 5 Sep 10

You all need to "get a life", as the saying goes; go and watch East Lancs play cricket! The beautiful game is crap and BRFC are in the s**t with the rest.

hasslem hasslem says...
7:47pm Sun 5 Sep 10

rggraham1947 wrote:
You all need to "get a life", as the saying goes; go and watch East Lancs play cricket! The beautiful game is crap and BRFC are in the s**t with the rest.
thanks for your input - really valuable.
.
look fwd to reading more of your insightful comments

elma says...
8:25pm Sun 5 Sep 10

Ijust want to be loved.

Matt-- says...
8:55pm Sun 5 Sep 10

BlueSkies wrote:
hasslem hasslem wrote: No offence to peter white but he was a bit-part local jobbing journo that happened to land the big kahuna in 1992 when it went billy big b0llox. . i know a few stories about him - but fair to say he was no icon. . the journalistic landscape ha changed immesurably since the mid 90s, with murdoch's empire both paying and controlling the purse-strings. . the expression is that he that pays the piper calls the tune and local titles are being squeezed out. We will be lucky if in 5-10 years time the LT exists. When it comes to sport local journos rarely get the time of day from football clubs nad they have to fight like mad to get any story. . believe me - i have seen locals pleading with coaches to get something that the nationals and sky havent got a whiff of.....but they leave empty handed. . the era of local press has regrettably gone and it is like a big grandfather clock that nobody has wound up for years that will ultimately just stop....and then we will all moan.
What's with you and Matt? To refer to Peter White as a bit part local jobbing journo is insulting! . You know a few stories about him? Well, why not tell us and also give us your e-mail and home address, then let us all judge your comments. . Of course, Peter White operated in a totally different journalistic environment than what exists today. In those times, players lived alongside the fans, drank together after games in the pub, shared opinions. . I think your comments may be being misconstrued by myself, as a personal attack on a terrific sports reporter. I certainly hope so. SKY rules, I accept that, but please don't disrespect the memory.
Yeah I think you're misconstruing my comments here. Not attacking PW just saying, like Hasslem, that he was an all right but not amazing journalist and so is Cryer. I don't see any difference in quality although PW perhaps had more exclusives. I actually find it a bit disrespectful to say someone was awesome just because they died, nobody said it before. If one of the current journalists died tomorrow I'm willing to bet Vinjay etc would suddenly proclaim them as icons too. I just don't like the hypocrisy, that's all. And I honestly think the reports now are of the same quality.

BRFC1959 says...
9:03pm Sun 5 Sep 10

kick out wrote:
BRFC1959, LONDON.
First of all look at it he has invested in 2 firms recently did your dad pay for them and the firms talked positively about him.
Secondly the fire is up your arse so go and check the smoke there and see if you can get high off it .
Kickout, .....go back to school !!!! you do not deserve more comment

eddie the eagle says...
9:23pm Sun 5 Sep 10

elma wrote:
Ijust want to be loved.
They say there is some one for every one,I'm sure you are loved,when diouf scores a hat trick against Fulham turn to who ever is sitting next to you and give him a hug,I'm sure he'll love you back.

manyarecalled says...
9:28pm Sun 5 Sep 10

Arsenal are a club that brings on young players and sells them when they are 25 or so. after 6 years in the Premiership , they have probably picked up too many injuries . they make a nice profit on them . Wenger is not interested in buying players in their 20s.
regarding the buyers of a club , as the chairman of Everton said ,
''as soon as you say ''show me the money '' they disappear''.
unfortunately Jack's will (allegedly ) can be circumvented as the trustees have shown.
just who are these trustworthy persons ( in the shadows , never named ) who can't wait to get rid of the club ?
why don't they offer the majority of the shares to the fans ? money ?
let us hope we are not reduced to buying green and yellow scarves.

Come the Revolution says...
9:39pm Sun 5 Sep 10

Just been listening to FiveLive & it sounds like the sh*t has hit the fan. Seems like the guy is a chancer. After all, the Arabs have spent centuries cultivating their "sneaky" reputation, so I can't see them changing overnight.

hasslem hasslem says...
9:44pm Sun 5 Sep 10

Come the Revolution wrote:
Just been listening to FiveLive & it sounds like the sh*t has hit the fan. Seems like the guy is a chancer. After all, the Arabs have spent centuries cultivating their "sneaky" reputation, so I can't see them changing overnight.
in fairness - he is not arabic, but indian.

BRFCBrabant says...
9:45pm Sun 5 Sep 10

Come the Revolution wrote:
Just been listening to FiveLive & it sounds like the sh*t has hit the fan. Seems like the guy is a chancer. After all, the Arabs have spent centuries cultivating their "sneaky" reputation, so I can't see them changing overnight.
I listened too, I now hope the walkers dont sell to this guy.
Excitement has turned to worry!

kick out says...
9:46pm Sun 5 Sep 10

goldberg is taking **** and abdur karim whatever he is called does not know which syed he is even on about

kick out says...
9:49pm Sun 5 Sep 10

So you lot think the bbc is right well we will see what happens.
You have started to get worried about what have you done a due diligence on syed and you know all about him.
The walkers have done a diligence on him and if he was not right they would not have gone this far.
The fact is all the checks include checking company house and they would have checked the companies he owns and how much money he has in his accounts

Come the Revolution says...
10:19pm Sun 5 Sep 10

Kick out. I sincerely hope you're right, but he's a lot of questions to answer.

kick out says...
10:40pm Sun 5 Sep 10

I understand but goldberg and his accountant do not have syed's bank details so they do not know and where did goldberg buy the letting agent and the accountant from?
Never knew they were on sale but aprt from all his **** he forgot to mention that wga have just invested in Mccabe one of the biggest building firm around.
So why did he not mention that the ****.
What is goldberg on about he is carrying out due diligence for rovers what a total ****.
Goldberg is not qualified to make that decision he is just a muppet on radio.
There is not anything in his report that says that syed does not have the money.
I am not saying whether he has money or not.
When you want to view a property nowadays the first question they ask you is have you got the money to buy the house and you have to show them proof before you can see the property.
So its the same thing here they would have said show us the money before you go through due diligence and they will have done full research into him.

bluerob says...
10:51pm Sun 5 Sep 10

When did you last view a property then Kick out ?
I have viewed many over the years and never been asked to prove I have the money just to look at it

hasslem hasslem says...
11:32pm Sun 5 Sep 10

There are basically three people that come on here and loudly and unconditionally back Mr.Syed.
.
They are:
Kick Out
Vinjay
Jack01 Stanhill
.
I really hope that Harpo, Groucho and Chico are correct and virtually everybody else is wrong. If you are correct you should be eligible for seats on the Board for your blind loyalty to someone you had never heard of until 4 weeks ago.
.
However, when you are proved to be the biggest idiots since that Arizona Munchkin bought London Bridge and had it transported over, brick by brick, to his home-town thinking he had bought Tower Bridge - I do so hope that you will come on here and apologise for your crass stupidity for being taken in by this Indian version of Michael Knighton. The reality is that you will disappear under the rock from whence you crawled.
.
What's not to believe?
No record of his wealth in any known source
.
No details of his investments bar Ireland and Australia
.
English companies liquidated
.
Canadian companies liqudated
.
Beckham fiasco
.
Rovers supporter that has never been to Ewood in the years he lived in London
.
Company suspended from trading in his home of Bharain - but his team says it is just a relocation and a Ramadan holiday.
.
UK CCJs
.
Nobody knows him, or his family, in his hometown in Hyderabad.
.
Plans to get Indian sub-continent to support and visit Rovers - even though nobody on the sub-continent has ever heard of him.
.
Heavens to Betsy - compared to Mr.Syed - Roman Abramovich's lost 10 years (or whatever the time period is) and background is practically an open book.
.
xxxxxxxxxxxxxxxxxxxx
****
xxxxxxxxxxxxxxxxxxxx
****
.
Anybody want to hazard a guess at which day this week that the bid approach will lapse?...Answers on a postcard.

kick out says...
11:48pm Sun 5 Sep 10

Listen hasslem you talk utter crap.
The fact is you dont get it even if you think your are to wise for everyone.
Tell me how come he got to the due diligent stage without showing his accounts you stupid man.
Also where did the money come from to invest in Mccabe building firm and he Australian firm.
He cannot be skint if he has money to invest in them and how come you believe whatever goldberg is saying is he your long lost dad? the way goldberg was talking was as if the letting agent karim was giving him a blow job

hasslem hasslem says...
12:12am Mon 6 Sep 10

kick out wrote:
Listen hasslem you talk utter crap.
The fact is you dont get it even if you think your are to wise for everyone.
Tell me how come he got to the due diligent stage without showing his accounts you stupid man.
Also where did the money come from to invest in Mccabe building firm and he Australian firm.
He cannot be skint if he has money to invest in them and how come you believe whatever goldberg is saying is he your long lost dad? the way goldberg was talking was as if the letting agent karim was giving him a blow job
just answer one of my points.....just one....i have been asking you for the last two weeks.
.
Prediction - the deal will be dead by the end of the week.
.
FACT - YOU HAVE ALREADY SAID THE DEAL HAS GONE THROUGH "Rovers have been sold".
.Wise Pranker.

kick out says...
12:14am Mon 6 Sep 10

hasslem i guarantee you that deal will go through as walkers want out and hope today syed sets the record straight.

BRFCblackburnlad says...
12:16am Mon 6 Sep 10

Lol you don't need to show anyone you have the money to buy a property, only when you come to purchase the property do you need proof of funds. Anyway nobody really knows what this guy is really like. He could have the cash or could be some guy just hoping to boost his media reputation. Whatever happens he is a winner either way. As for Rovers we will just have to wait and see.

hasslem hasslem says...
12:27am Mon 6 Sep 10

kick out wrote:
hasslem i guarantee you that deal will go through as walkers want out and hope today syed sets the record straight.
what will you put up as your guarantee. what are you prepared to sacrifice (apart from your silence).
.
what a stupid comment - we all know the Walkers want out - but not at the cost of oblivion.
.
After hubris comes nemesis.
.
you are wrong, wrong, wrong. i look fwd to you jumping on the next bidder's bandwagon.
.
what makes you think that today he will put the record straight - because as soon as the solids are hitting the air conditioning - syed has gone to ground. pathetic.....either he will just disappear, or he will try and manufacture some sort of dignified exit and there will be some "mutual" parting of the waves between the Walker Trust and this con-artist and talk about "failure to come to agreeable terms and a breakdown over the fee...."
.
Unlike you, I know what I am talking about.
.
LAST WEEK, KICK OUT....."Rovers have been sold"

hasslem hasslem says...
12:39am Mon 6 Sep 10

kick out - what do you know about j&m mccabe properties. a two minute google search shows nothing apart from some quotes from their patsy about the takeover - a multi-million euro business without even a website, remarkable.

icannotrace says...
12:52am Mon 6 Sep 10

Hey kick out I can hear your mummy shouting for you to stop playing with Mrs Palmer and her 5 daughters and to put your light out as it's way past your bedtime

hasslem hasslem says...
12:54am Mon 6 Sep 10

where is this **** degree from - his cv says he has a degree in law and a masters in finance - from indian universities and international universities - which website did he pay £50 for these?
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FRAUD FRAUD FRAUD FRAUD FRAUD FRAUD.......Call the Cops!

bluenwhite says...
6:15am Mon 6 Sep 10

Joey99 wrote:
bluenwhite wrote:
Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.
What is worrying is that he could take over the club and send it the same way as Portsmouth, thats what's effing worrying!
How can he you pri@k. If he has NO MONEY he cant take over anything. Stop being a complete knob. Williams and the trust arnt stupid, they would have sold up long ago if they werent being as careful as they are

bluenwhite says...
6:15am Mon 6 Sep 10

Joey99 wrote:
bluenwhite wrote:
Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.
What is worrying is that he could take over the club and send it the same way as Portsmouth, thats what's effing worrying!
How can he you pri@k. If he has NO MONEY he cant take over anything. Stop being a complete knob. Williams and the trust arnt stupid, they would have sold up long ago if they werent being as careful as they are

Joey99 says...
6:27am Mon 6 Sep 10

bluenwhite wrote:
Joey99 wrote:
bluenwhite wrote:
Joey99 wrote:
bluerover wrote: http://www.bbc.co.uk /news/business-11163 004 BBc doing more digging. I'm so glad our licence fee is well spent!
This is very worrying. Sounds like he aint got a pot to **** in :/
why is it worrying? if he hasnt any money he wont be taking over, simple as! Why cant you all just forget about it and see what happens, its not like u have any say in the matter anyway.
What is worrying is that he could take over the club and send it the same way as Portsmouth, thats what's effing worrying!
How can he you pri@k. If he has NO MONEY he cant take over anything. Stop being a complete knob. Williams and the trust arnt stupid, they would have sold up long ago if they werent being as careful as they are
Listen ****-whit. The owners of portsmouth had enough money to buy the club. but not eniough to run it. Are you some sort of retard bluewhite?

bluenwhite says...
7:55am Mon 6 Sep 10

So?? Are you saying that you have thought of all these things but jw and the trust havnt??? Stop being a kn@b and smell the coffee.
They know what they are doing

kick out says...
9:32am Mon 6 Sep 10

icannotrace, No its your mummy calling you to bed as you might not grow an inch longer if you dont sleep on time.

eddie the eagle says...
12:33pm Mon 6 Sep 10

kick out wrote:
icannotrace, No its your mummy calling you to bed as you might not grow an inch longer if you dont sleep on time.
Posting at 9.32 you'll never talk sense if you keep missing school.

BlueSkies says...
6:24pm Mon 6 Sep 10

hasslem hasslem wrote:
of course he was just a local jobbing journalist - there is no insult in that - that was his job. He got lucky like we all did in Rovers in the 90s. . My reference about him and stories is more about how idiots like Vinjay seem to hold him up as some annointed figure sitting on God's right hand. . He wrote reviews of Rovers performances and regular team updates during the week.....that's all. . Don't recall any major investigative piece that he did revealing "hold the front page" news that he did. . I am not disrespecting his memory - where on earth have i said that? . Equally, everybody seems to come on here and just slag Andy Cryer off - for just doing his job. Its not me that keeps dragging Peter White up on here it is that numpty Vinjay that uses his name every time he wants to slag off the Walker Trust, the Walker family, John Williams and Lancashire Telegraph. . Quite happy to have a rammie on this - but if you want to park your tanks, I would suggest you place them on Vinjay's lawn and not mine. . Not disrespecting his memory, just pointing out he was a local journalist - NOT AN ICON as some seem to believe. . And finally, don't see what my e.mail address has got to do with anything.
Thanks for the reply, sorry I couldn't reply sooner.
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You've clarified the issue very well. I was sure you hadn't meant to disrespect him, I just needed it to be explained.
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I knew Whitey from an early age, schooldays, and remember asking him one night over a beer (when we were older!), what he wanted to do in life. He was at that time working at Blackburn Times. He said 'I really really want Alf Thornton's job at LET'.
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He eventually got it of course, and he was the happiest guy around, being paid to follow Rovers and report their performances.
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He was a massive fan, who, to be honest, lived his dream. He didn't just report on sport, he reported on one of his life's passions.
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ICON? Who's to say?
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Keep the faith, as I know you do.
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