Indian hand in Blackburn bid
An Indian entrepreneur considering a takeover bid for Blackburn Rovers says he will give manager Sam Allardyce up to 100 million pounds (`725 crore) to spend on new players if the bid succeeds.india Updated: Aug 18, 2010 00:09 IST
An Indian entrepreneur considering a takeover bid for Blackburn Rovers says he will give manager Sam Allardyce up to 100 million pounds (`725 crore) to spend on new players if the bid succeeds.
The club confirmed on Tuesday that talks were being held with Ahsan Ali Syed, a 36-year-old entrepreneur who hopes to take control of Blackburn in the next month.
“Blackburn Rovers can confirm that officials have held a cordial and productive meeting with Western Gulf Advisory (WGA) staff and advisors concerning a proposed takeover of the club. The process is ongoing,” it said on its website (wwww.rovers.co.uk).
The Daily Telegraph newspaper quoted Syed as saying he would make funds immediately available so that Allardyce could strengthen the squad in the transfer market.
Syed, 36, who lives in Bahrain, was quoted in the paper as saying:
“As part of our first five-year investment we will make 80 million-100 million pounds available to the manager.
“He has done a fantastic job for the club with constrained resources, but I am sure that if he is given a free hand with the resources we can provide then Big Sam has the potential to make wonders.”
He added: “For me the investment in Blackburn is more of a passion than a way to make a quick return from the balance sheets.