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article imageBlackburn Rovers in take-over speculation

By Sarah Shannon     Aug 31, 2010 in Sports
A company linked to the take-over of Blackburn Rovers has been told to stop trading after coming under violations of laws in Bahrain.
A Bahrain company had been closed after it violated regulations of the Bahrain Trade and Industry Ministry after operating outside its remit.
The company under scrutiny is Western Gulf Advisory and is run by Indian investor Ashan Ali Syed. The company has said that the bid is unaffected as it being managed by a separate company.
The details of the offence are unclear but it looks as though the company has fell fowl of Bahrain’s Central Bank and it has refused to sanction the activities.
My Syed plans to invest £300m into the club with a further £100m for transfers. But this deal is being managed by the Swiss based company of Mr Syed and not the Bahrain.
The wealth of the investor has been reported to be between £3bn and £8bn and he would be the sole investor with the money going through the Swiss firm.
The take-over is being managed by the European team of Mr Syed that are currently involved in the creation of WGA Sports which will oversee the sport investment.
Despite his wealth little in known of Mr Syed and when asked about the investment he preferred to keep such information quiet.
A spokesman from the Barclays Premier League said they had not received any formal notifications regarding a take-over of Blackburn Rovers. With the club in question not commenting on the matter.
More about Blackburn rovers, Take-over, Bid
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