Indian businessman given more time over Rovers deal

Indian businessman Ahsan Ali Syed has got more time to work on his bid to take over Blackburn Rovers as the English Premiership side has extended his "period of exclusivity" over a possible deal.

Last Updated: Sep 17, 2010, 15:44 PM IST

London: Indian businessman Ahsan Ali Syed has got more time to work on his bid to take over Blackburn Rovers as the English Premiership side has extended his "period of exclusivity" over a possible deal.

The development means no other potential buyer can take over the club while Syed`s firm Western Gulf Advisory (WGA) continues to explore options.

"Western Gulf Advisory announces that the period of exclusivity it was granted in order to conduct due diligence on Blackburn Rovers Football Club has been extended," a statement from WGA said.
"This enables WGA to continue to explore the financial situation of the club while ensuring that no other bidder can buy it or look into its books.”

"Although the due diligence process is taking longer than originally envisaged WGA remains committed to pursuing the opportunity to acquire such a prestigious club," the statement added.
Blackburn are currently 15th in the 20-team EPL, having won just one of their four league matches so far this season.

PTI