foxsports
The head of a Bahrain and Swiss-based investment firm has made a formal offer to buy Premier League club Blackburn.
Company spokeswoman Julia Thiem told The Associated Press on Wednesday that Indian businessman Ahasan Ali Syed, who heads Western Gulf Advisory, made the offer last month.
Thiem said the company could not discuss the proposal made to the club's financial adviser, investment bank Rothschild, because of a nondisclosure agreement.
Blackburn chairman John Williams says a number of parties have expressed interest in buying the club.
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Syed, a 36-year-old London-trained lawyer, will reportedly pay off the club's $31.85 million of debt and invest $478 million.
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