4 Aug 2010Consortium bids for Blackburn Rovers

Football Clubs News | Football Finance News

A consortium based in Bahrain and Switzerland has made a formal offer for English Premier League football club Blackburn Rovers and could invest millions in the team, according to reports.

Led by Indian businessman Ahasan Ali Syed, the Western Gulf Advisory group is believed to be worth a combined £8 billion and has approached Blackburn Rovers' board of directors with the intention of clearing debts and bringing in new players.

According to the Telegraph, Syed himself is London-educated and considered making an approach for Liverpool - who are currently the subject of a buyout attempt by Chinese tycoon Kenny Huang - before settling on Blackburn Rovers.

The trustees of the estate of late chairman Jack Walker have been informed of the latest developments by financial services giant Rothschilds and the investors are apparently hoping to finalise the deal by September at the latest.

Last week, manager Sam Allardyce told the Daily Express that the saga surrounding rival entrepreneur Saurin Shah's interest in the club may have had a detrimental impact on his team's pre-season preparations.

Written by Paul Roberts 

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