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[Archived] Ali Syed to buy Racing Santander

thenonda

By thenonda
in Football Messageboard Archive

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philipl World Cup

philipl

Posted
Posted

You might get some clues into the investigation into Syed from these links:

http://www.wikifrauds.net/index.html

http://www.westerngulfadvisory.net/

There isn't any outright evidence presented there, but where there's smoke, there's usually fire. Otherwise someone is going to an awful amount of trouble over a personal vendetta.

Both sites are down now.

The allegations against Syed are for outright fraud.

Generally speaking because fraudulently obtained moneys can be moved so fast, asset freeze injunctions and international arrest warrants follow extremely quickly when stories of this nature go public.

The burden of proof sits firmly with those making the accusations- where are the injunctions and warrants if this is the open and shut case that is reported?

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Iceman World Cup

Iceman

Posted
Posted

Phil, how did Syed get through all these deals? Surely, if any loan is granted, it is made available without the borrower having to pay an amount up front? Unless these are for admin fees etc, I don't quite understand, what the amount is from those investors. Do you pay, to get a loan?

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Roost Uefa Europa League

Roost

Posted
Posted

The guy is a lunatic - just watch the link above showing his celebrations - what a crank!

Its a shame that people seem to have been duped by his (alleged) scam, but surely their naivety is also incredible - "you pay me £1M and I will lend you £40M" - unbeliveable that anyone would deal on that basis, unless the money was held in escrow. Greed, I suppose.

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  • 1 month later...
Stuart World Cup

Stuart

Posted
Posted

Fascinating piece in today's Times by Ashling O'Connor and Graham Keeley, P.98. Unfortunately I can't post a link because of the way Murdoch prefers to do business.

But basically, allegedly, the players are still waiting for Syed to follow through on promises to pay them (some wages they are owed) and has apparently missed 4 deadlines, and it has, according to The Times, "emerged that Racing borrowed €2m this month from an alternative source to WGA that specialises in arranging loans".

Some other choice quotes and/or spooky similarities, from The Times piece:

"The Indian [owner] is struggling to win over supporters at [the club]."

"Despite promises to invest in players, the fairytale is already turning sour, with fans worried their team man drop out of [the] top division and sink further into debt." (Spooky ghost.gif )

"The fans are divided about [the owner]. Some are worried he may not be all he seems."

It seems that there were/are more stringent rules around financial disclosure in the Premier League than La Liga - which were introduced by the PL following the Portsmouth debacle.

As we know, Ali did not buy Blackburn Rovers - a team he apparently had been a fan of for 10 years - but instead purchased a majority share in Racing Santander - a place where he allegedly had never visited before. Although I imagine that this is nothing more than an unfortunate coincidence, and that Syed is a fanatical football fan, and possibly slightly flammable.

350x.jpg

As a result however, it would seem, we have Venkys as owners rather than Syed. Hurray. :tu:

In all seriousness though, if we think things are bad now - they could potentially have been even worse.

Aa a footnote, Racing don't have a Steve Kean but they do have Marcelino García Toral, who, looking at his management record, would be like Ince returning to Rovers for a second spell. :blink:

BAC42F82-C589-BD1B-B1CABD52B049B540.jpg

Food for thought indeed.

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tony gale's mic World Cup

tony gale's mic

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Posted

Aa a footnote, Racing don't have a Steve Kean but they do have Marcelino García Toral, who, looking at his management record, would be like Ince returning to Rovers for a second spell. :blink:

BAC42F82-C589-BD1B-B1CABD52B049B540.jpg

Food for thought indeed.

Just had a look though, and apparently Garcia Toral got Santander to their best ever 6th place finish in the one season he managed at the club.

More like getting Hughes back, surely?

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Stuart World Cup

Stuart

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Posted

Just had a look though, and apparently Garcia Toral got Santander to their best ever 6th place finish in the one season he managed at the club.

More like getting Hughes back, surely?

It did cross my mind but not looking at the rest of his record. Ince Mk II.

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imy9 World Cup

imy9

Posted
Posted

Both sites are down now.

The allegations against Syed are for outright fraud.

Generally speaking because fraudulently obtained moneys can be moved so fast, asset freeze injunctions and international arrest warrants follow extremely quickly when stories of this nature go public.

The burden of proof sits firmly with those making the accusations- where are the injunctions and warrants if this is the open and shut case that is reported?

http://wikifrauds.diariobit.es/alithethief.html

Wikifrauds is still active, tried it 5 minutes ago, don't know ifs come on again or has always been off.

Interesting that the message that used to come on the WGA website denying the fraud claims has now gone, the other site is back up again too.

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