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Takeovers

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Indian tycoon in for Rovers

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.<

A done Maple Leaf deal at Liverpool?

Syrian businessman Yahya Kirdi has stated that he has agreed terms with Tom Hicks and George Gillett and is negotiating a final deal with them to buy Liverpool.  Certainly, he seems to have been their preferred bidder throughout, although what chairman Martin Broughton and RBS think about it is another matter.  Some view his gazumping as an attempt to drive up the price offered by Kenny Huang which at under £300m is under half of what the current owners want.

Kuwaiti family interested in Liverpool

Kuwait's al-Kharafi family are the latest potential bidders for Liverpool to be identified.  This means that four out of what are thought to be six bidders have now been named.


Media commentary is focusing on Kenny Huang and it appears that the Hong Kong-based businessman may have Chinese Government money behind him.  This led to Radio 5 raising the question of whether human rights issues would arise.  That woulld be a substantial extension of the fit and proper persons test.  Britain trades with China and is keen to expand that trade.

Six bidders for Liverpool?

As many as six potential investors may have submitted bids for Liverpool.  Three of them are thought to be Kenny Huang, the Rhone Group and the Syrian-led consortium of Yahya Kirdi.  The board will name a preferred bidder by the end of next week.


Meanwhile, RBS have issued a statement to wire services denying that they have held talks with any bidder for the club which would include Kenny Huang who is reported to have claimed that he had started direct discussions with the bank.

Huang in backdoor bid for Liverpool

Chinese tycoon Kenny Huang is reported to have launched a backdoor bid for Liverpool by going straight to the Royal Bank of Scotland (RBS) rather than the American owners.   It increasingly looks as if the Syrian fronted bid we reported on yesterday is a diversionary tactic by George Gillett to at least delay the Huang bid.

Could Egg save Owls?

Sheffield Wednesday issued a heartfelt plea a couple of days ago for serious investors who could commit £5m immediately to the financially troubled club.  The Owls have had a number of approaches, including one from Club 9 Sports LLC in the United States, but none of them appears to have offered the money the club needs.


Now reports are circulating that Eggert Magnusson, part of the consortium that owned West Ham, and popularly known as 'The Egg' may be prepared to invest in the clujb.

Is Syrian bid for Liverpool serious?

Former Syrian international footballer Yahya Kirdi has once again emerged as a bidder for Liverpool.  He was reported to be engaged in talks to acquire the club in April in discussions that were brokered by Andy Lynch, a Celtic footballer in the 1970s.  These discussions came to nothing, but now he is reported to be George Gillett's preferred bidder and engaged in serious talks.

Management buy out at Charlton

Cash strapped Charlton Athletic has been the subject of a management buy out by chairman Richard Murray.  He has taken sole control of Charlton. New money has been injected into the club to reduce its debt burden, thus making it more attractive to new investors who are being actively sought.

Murray said: 'This has been a critical time for the club. Our future was uncertain, and financially this was potentially one of our darkest hours.

New pressure on Liverpool owners

Whatever the new management team at Liverpool can achieve to restore the club's fortunes is going to be constrained both financially and in terms of stability as long as the ownership question is not resolved.   The general view is that Tom Hicks and George Gillett have set too high an asking price, given that any new owner would be expected to fund a new stadium in Stanley Park.  Indeed, that is essential if the club is to progress.

AS Roma put up for sale

AS Roma has officially been put up for sale.   As part of a broader deal to settle their debts with the UniCredit bank the Sensi family have transferred their 67 per cent stake in the club to a new company which then be put up for sale by the bank.   Ironically, the chief executive of UniCredit, Alessandro Profumo, is a keen fan of Inter Milan.