Saturday, 14 August 2010

Bahrain-based investors in due diligence for Blackburn Rovers

Ahsan Ali Syed has moved into pole position to take over Blackburn after his Western Gulf Advisory (WGA) investment vehicle was given a four-week period of exclusivity to check the club's accounts.

Citigate Dewe Rogerson, which looks after WGA's public relations, claimed in a statement released to The Sport Briefing that the Bahrain-Swiss investment company would sign a memorandum of understanding with Blackburn on Monday morning before beginning detailed due diligence.

Syed, an Indian businessman, has earmarked �300million to wrap up the acquisition, cover outstanding debts and 'provide the necessary capital to buy new players and invest over the longer term so it can once again become a title contender'."

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