Thursday, January 20, 2011

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Revilla: Take the petrodollars and runs

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Hyderabad is one of the largest cities in India, known by the nickname of The City of Pearls. A little over 11,000 miles away is Santander. For the past few days the two cities have a common name: Syed Ali Ahsan.

Ali is an Indian citizen of 36 years, founded a company called Western Gulf Advisory Asset and Wealth Management (WGA) with offices in Bahrain and Switzerland and goods valued above U.S. $ 1,000 million . This would not be news if it were not for WGA was created on February 11, 2008 with just $ 53,000, the legal minimum for starting a business in Bahrain and in its annual report of 2009 had only 11 employees.

Thanks to the Internet, you have access to things that before would never have known. For example, WGA's chief financial officer, a man named Omer K., finished the race in 2004 and 2008 and was the chief financial officer of Ali . Or Julia Thiem, Director of Public Relations Company, a profession in which your value is as large as your address book, only have 7 friends on LinkedIn.

billionaire living hire

Until last summer, was a businessman Syed low profile, from a rich family of Indian lenders. His name hit the front pages when, in August British tried to take on Blackburn Rovers in property. Organized a campaign in all media have or might have, including a live interview on Sky Sports in which announced an immediate investment of between 80 and 100 million pounds, and even spoke of bringing Beckham to play Ewood Park. "I've worked enough and I deserve an award," dropped in The Times when asked about the reasons for its soccer investment. not even blink in saying that was ten years as a Rovers fan. What incidentally is a pity, because it lost that team led by Alan Shearer who took the Premier in the mid 90's.



After two months of wrangling, Syed Ali Ahsan failed to gain the trust of the British, who eventually sold the club to another Indian investor group.

British press, that investigation is still several steps ahead of the rest, quickly unraveling Ali: Telegraph while the WGA announced that it was being investigated by the government of Bahrain dubious its exponential growth just two years, the BBC discovered that Syed Ali Ahsan himself had lived in the United Kingdom between 2001 and 2005, leaving 7,800 pounds of unpaid rent an apartment . Whether the amount is miserable for a guy who must have a pool of gold coins like Uncle Scrooge, what is striking is that a billionaire living in rent. Ali
pufos let others behind, and 932.25 pounds of unpaid taxes or 61,500 pounds of a trial against him, no one knows quite how charged.

In a new display, the BBC got in touch with people from the business world of Bahrain, and even an Indian reporter in the area where Ali was born. The conclusion: the alleged Indian millionaire it is unknown even in his home at lunchtime .

As Premier he slammed the door in his face Ali decided to play safe, and signed a sponsorship agreement with the selection of Bahrain, which was about to sneak into the World Cup. We assume that in Bahrain, and throughout the world, the football team has a certain influence on the political world. But if in Spain we complain about the president of the Federation in Bahrain have Salman Ebrahim Mohamed Ali Al Khalifa , a member of the Bahrain royal family before moving back the only football he had seen was the 246 that assigned at Guantanamo, where he was accused of supporting the Taliban and Al Qaeda.

A Portsmouth, through Santander

In a statement published in the press Cantabria, Indian businessman says that soccer is his passion, and it seems that their strategy is based on making profitable Racing using the popularity of the brand Santander to open markets in Asia.

seems that everything is closed on Monday. What people ask in Santander is why the rush to sell the current owners. Nobody knows for sure. Some suggest that the actual output Revilla leads showing since last May. Others speak of 1.5 million euros of debt maturing next Treasury day 31, and that the embargo would club's income. President

The Spaniard has drawn media manual to mourn demagoguery that English has no employer wanted to take over the club. I did not want, etc. For now, it seems safe -Revilla dixit "is that Ali will be responsible for returning the Cantabrian government that has 7 million invested in the club. Citing Woody Allen: Take the Money and Run.

It awaits, it seems, that the Credit Suisse investor endorsement. With regional elections on 22 May, and being an economist by training, Miguel Ángel Revilla will review the accounts one to one himself. By the fact that brings.

Fortunately, since the experience with another lighted soccer, Dimitri Piterman, the fans of Racing is the skin test hoaxes. The enthusiasm for becoming a new Manchester City lasted just a second, what it took to remember the case of Portsmouth, on the brink of demise after its sale for a fistful of petrodollars, "whose connection with Santander was limited until now to ferry three times a week. On Monday it announced the signing of the contract. in Cantabria only expect the Indian Syed Ali Ahsan is something more than it seems: a Slumdog Millionaire.

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