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Page last updated at 16:35 GMT, Thursday, 16 September 2010 17:35 UK

Blackburn bidder Ahsan Ali Syed granted more time

Sam Allardyce
Allardyce has been Blackburn boss since December 2008

The Indian businessman interested in taking over Blackburn has had his "period of exclusivity" extended.

Ahsan Ali Syed's Bahrain-based firm Western Gulf Advisory (WGA) was granted exclusive negotiating rights by the Ewood Park club last month.

It means no other potential buyer can take over the club while WGA continues to explore options.

"WGA remains committed to pursuing the opportunity to acquire such a prestigious club," said a statement.

"But the due diligence process is taking longer than originally envisaged."

Syed reportedly has £300m to take over Blackburn, cover outstanding debts and "provide the necessary capital to buy new players and invest over the longer term so it can once again become a title contender", according to a statement he released last month.

However, BBC Radio 5 live reported in August that the business has been ordered to cease trading by Bahrain's trade and commerce ministry for allegedly violating regulations by operating outside its remit.

WGA insisted the Blackburn bid was being managed by a separate company and was unaffected, but Blackburn manager Sam Allardyce said last week that the prospect of a takeover seems doubtful.

Syed, a 36-year-old lawyer, told BBC Radio Lancashire when takeover talks were announced: "I am very keen to move very fast and buy this club at the earliest moment.

"I am aware that 'Big Sam' has big ambitions for this transfer window and I would love to support his ambitions."

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see also
Allardyce points finger at Wenger
16 Sep 10 |  Blackburn
Rovers takeover man left UK debts
10 Sep 10 |  Business
Blackburn bidder wants quick deal
16 Aug 10 |  Blackburn
Blackburn confirm takeover talks
17 Aug 10 |  Blackburn
Blackburn snap up striker Benjani
27 Aug 10 |  Blackburn

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