Date: 10th September 2010 at 7:16pm
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Ahsan Ali Syed has just released a statement to combat 5Live’s investigative reports produced earlier in the week.

The 5Live reports suggested that Mr Ali Syed had a somewhat shady past and Syed’s statement is intended to correct that.

The statement is in full on the Lancashire Telegraph website and reads – “This report contained a number of false and misleading allegations, which have subsequently been thoroughly investigated by WGA and its advisers and are corrected below: It is true that Mr Ali rented an apartment in Bryanston Court in London but he vacated the property in a proper state having fully paid all rent.

Investigations by WGA`s legal representatives in the UK have confirmed that there is no record of outstanding council tax debts owed by Mr Ali and no evidence has been found of any congestion charge fine. In fact, in one instance Mr Ali overpaid council tax.

Mr Ali was unaware of an unpaid county court judgment, but has immediately cleared the debt and he is grateful to the BBC for bringing this to his attention.

Mr Ali was a director of two UK companies which were not trading and had no assets. Both companies were dissolved in 2006. The same is true of the Canadian companies and there is no basis to say that these companies ‘fell foul of the authorities in Canada`.

The programme incorrectly stated that Mr Ali grew up in Bhongir. In fact, Mr Ali`s family come from a different district in India called Bibinagar, albeit that both places are in the same state of Andra Pradesh. This is where Mr Ali`s family made their wealth through owning substantial agricultural land.

Mr Ali provided a forwarding address to all his business contacts after he left his London home in 2005 and any suggestion that he attempted to conceal his address is false and misleading.

The conclusions drawn in the programme regarding WGA B.S.C (Bahraini Shareholding Company)`s accounts are false and misleading and have been independently audited by BDO. Like any similar financial institution, WGA does not need to keep significant cash positions as it does not have large liabilities or operating expenses. Furthermore WGA`s Bahraini business is a separate entity to its European businesses, which are responsible for executing all of its investments.

WGA is a well capitalised business and has the sum of $850 million available in liquid assets for investment purposes. As previously stated, WGA remains committed to expanding its investment activities in the UK.

Any attempt to suggest that Mr Ali has a questionable track record in business and is therefore unsuitable to take over Blackburn Rovers is a false and damaging allegation.”

I know many will have plenty to say on this but I think this is the perfect response.

Back in the game? You bet.

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15 Replies to “Syed strikes back”

  • Albeit it should have been sooner IMO but nevertheless, its done now. Wait for the exclusivity period to be extended on Monday now and hopefully an application to the Premier League for their “Fit and Proper Person” test next week sometime.

  • I hate to say so guys, but I told you so! I said from the start that the BBC allegations were BS, and this statement confirms that. I hope he now takes legal action against 5Live.

  • Well its a nice statement and hopefully that will be an end to it, I somewhat think though we have not heard the last of this, and more things may come to light, However he has lots of dough and providing he passes the premiership criteria that should be good enough for us all 🙂

  • I agree, Glen. I think one thing all Rovers fans can agree on is that we need investment. If Syed takes over the club, he will have to pass stringent tests first, and we will know he is the right man to take the club forward. I have faith in the board, and I have faith in Syed.

  • I think he did the right thing waiting and not making a rash statement. Hopefully it all goes through for the right reasons now and we can move the club forward.

  • I’m just glad that if there is anything shady about Syed that the Fit and proper persons test will uncover it like with Gaydamak at Portsmouth. Oh wait. Smoke and fire are the words coming to mind here. I want investment as much as the next man but the wrong investor could be worse than what we currently have.

  • i dont think the bbc want us to get takeover because they may then be forced to actually show our matches earlier in match of the day rather than 1 of the last 2!!…..but great news none the less!!

  • i do not know what to think and who to believe but urge caution and not judge this guy until the take over is fully complete. Only that will make this guy 100% credible in my eyes.

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