Monday 16 August 2010

Blackburn Bidder Gets Four Weeks To Decide



Blackburn could be the subject of a takeover from Indian businessman Ahasan Ali Syed.

London School of Economics graduate Syed, who takes undervalued business and uses their potential to make a turnaround, has been given a four week exclusivity period to look over the Ewood Park clubs finances before making a decision on whether or not to purchase the club, though he admitted that he would not take on Rovers as a business entity but rather as a personal passion.

He does, however, seem to be in a hurry to complete the takeover in the hope that some of his £300million investment can be used for manager Sam Allardyce to bring in players to the club before the end of the transfer window, as well as covering existing club £20million debts, although Allardyce still insists that no deal will be completed in time for the current transfer window.

Rovers have yet to spend any money so far this season, their two signings being youth team defender Hugo Fernandez, whom a nominal fee was paid to Union Deportiva Cornella for, and the loan signing of Mame Biram Djiouf from Manchester United. Blackburn kicked off the season with a 1-0 win over European dark horses Everton thanks to Niko Kalinic, who pounced on a blunder by everton keeper Tim Howard.

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