An Indian tycoon has targeted Blackburn Rovers for acquisition, demonstrating once again the appeal of the Premier League to foreign buyers. Ahasan Ali Syed was educated in Britain and his Western Gulf Advisory company has £8bn in assets. The club’s £20m debt would be wiped out and up to £300m made available for development with the intention of regaining the Premier League title last won in 1995. However, there would be no Manchester City style splurging of cash.<
An Indian tycoon has targeted Blackburn Rovers for acquisition, demonstrating once again the appeal of the Premier League to foreign buyers. Ahasan Ali Syed was educated in Britain and his Western Gulf Advisory company has £8bn in assets. The club’s £20m debt would be wiped out and up to £300m made available for development with the intention of regaining the Premier League title last won in 1995. However, there would be no Manchester City style splurging of cash.
Rovers have been effectively up for sale for two years and there have been a number of expressions of interest, but this looks like a deal that could be closed. Syed did think of making an offer for Liverpool, but thought that Rovers better fitted with his investment model of turning round well-run companies.