Blackburn confirm takeover talks

Bahrain-based Syed, owner of Western Gulf Advisory, confirmed on Monday he was keen to buy the Lancashire club and said he wanted to give manager Sam Allardyce a transfer kitty of up to £100 million.

Syed also said he would like to complete the takeover inside the next fortnight but Rovers have not made any other comment apart from confirming the talks are continuing.

This is the official statement that was published on the Blackburn Rovers website:

Blackburn Rovers can confirm that officials have held a cordial and productive meeting with Western Gulf Advisory (WGA) staff and advisers concerning a proposed takeover of the club.

The process is ongoing.