invita a todo jugador, empleado o directivo del Real Racing
Club a ofrecernos cualquier información de que disponga para que la
publiquemos en nuestra página web. Necesitamos vuestra ayuda para
presionar a Ali Syed con el fin de que pague lo que debe o, por lo
menos, que explique las razones por las que no ha cumplido
hasta la fecha.
dirigimos también a cualquier empresario que haya entrado en
negociaciones de préstamos con WGA y Ali Syed, y que en este momento
esté pensando que puede haber sido engañado, como ha pasado
con otros muchos alrededor del mundo. Toda información comercial será
tratada con la mayor confidencialidad, si así lo desean.
________________________________________________________________________________________________________________________ ANOTHER DEADLINE LOOMS FOR ALI IN
Having failed to keep numerous promises and contract
obligations in his takeover of Spanish football club, Racing Santander,
Ali Syed now faces yet another payment deadline. Turns out that he has
not actually paid the previous owner for his shares! He
has been given until May 22 to pay owner Jaques De Montalvo or
Montalvo will launch legal action. Just how many empty
promises can this swindler keep making!
This follows a
string of broken commitments and the use of a fake money transfer
document used to convince the players that their overdue salary had
________________________________________________________________________________________________________________________ Did Ali actually buy
Racing Santander, . . or just get control of the club?
Bought at a
cost to Ali of maybe only 30,000 Euros. Wikifrauds
has been supplied with information from hitherto reliable sources,
along with tips through this website, that paint a possible scenario
which is vastly different from the press releases that Ali has used to
get this event publicised and to buy the troubled club.
It needs to be realised that this guy is a master at massaging the
truth, primarily by paying huge fees to the international PR firm, Hill
and Knowlton. They will be another story coming soon.
However, this is the scenario that Wikifrauds feels is correct. We
state here, that at this stage, we can't prove this to be factual, and
we are hopeful that our friends in the Spanish press and the local
authorities might provide some facts to backup this picture.
Based on the information we have, Ali does have some money, lots of it.
Most of it sucked out of unsuspecting people in Australia, New Zealand
and the UK.
Using the estimated $40 million on deposit in Credit Suisse, other
people's money, Ali gets a Euro 1.5 Million Stand By Letter of
Credit (SBLC) to use as the first payment in the purchase of the club.
The SBLC is really just a complicated promissory note, just like an
undated cheque in reality. The contract with the club is to then take
out all the debt over a time schedule agreed upon. The SBLC sits in
place while he honors the deal.and is there if needed to be called on
in the event of a default by Ali. So in effect, he has actually paid no money whatsoever to this
point, but now has control. The press herald the saviour, hero,
billionaire tycoon, and the fans go crazy.
Now, a mere few weeks later, he wants to float the club to the public
for 30 million. This public funding by ordinary Spanish investors, will
enable him to maybe payout the local government loans to the club, as
they so far have not received any cash at all. Indeed, it is alleged
that a tax payment of a mere 2 million was due on January 31 and he has failed to pay this as
of February 16.
The following is part of an interview with Francisco Pernia, President
of Racing Santander:
Pernia has been among the first in Spain to
find the prize he sought. Especially statements: "With the current owner
of Manchester and I met four years ago in Qatar. Incidentally, the trip
also was Fernando Sanz, who informed him of what was going to do there.
It shows that our intention was not new. had to be proactive. In Racing we got into the hands of Credit
Suisse to advise us. We found a number of stakeholders. Many
were geeks. People who think you know everything and you all. With many
ideas and little money . At the first meeting you go with questions.
Especially because I expected people interested in Mexico, where much
Spaniard exiled after the war. But
suddenly appeared Ali."
So we now have a fraudster in charge of Racing Santander, who has not
yet discharged his obligations to payout the Government's stake in the
club nor the taxes now overdue. And it has cost him almost nothing to
do it. The fees on the SBLC at around
2% would have cost only 30,000 Euros.
Nice work. Ali is a true genius. Growth is his speciality. He could
teach Bill Gates, Warren Buffet and Rupert Murdoch, how to make money.
After all, WGA had an increase of 733% in net profit in 2009 over 2008
according to his own Annual Report, the same Annual Report that caused
his auditors BDO to quit.(Wikifrauds has a copy of this extraodinary
report. If anyone wants a copy, please let us know)
The really big questions
If Ali has the US $9
Billion he brags about, why does he need to go public and float the
club with a capital raising?
If he can't payout the debts of
the club without a
capital raising, does he really have US $ 9 Billion?
If he hasn't got the cash to payout the debts and doesn't raise the
money, what happens to Racing Santander?
He has loan obligations in Australia and New Zealand that we have
identified so far of some $1.5 Billion, and has promised them all that
they will be settled this week! Question:
How can he do this if he can't pay the immediate government debt at
Racing Santander of around 19 million, and he is running two weeks late
in a tax payment?
What due diligence did
Racing Santander and or the creditors of the club, undertake before
settling the deal?
Did the senior debt
the Local Government, undertake due diligence on Ali? This is a
that certainly should be raised by an elected member of the Government?
Was the approval and
due diligence 'green light' simply based on Ali's carefully constructed
Did Racing Santander
officials contact anyone at the Blackburn Rovers to obtain an opinion
from those officials, or in particular, was any contact made with the
Rover's manager, Sam Allardyce?
The Spanish Press MUST ask
They need to get to the Government and have them verify the position.
They need to check with the Tax Authorities. And they need to get right
in Ali's face and ask about the settlements promised to Australian and
New Zealand businesses, most of whom have been waiting up to and
sometimes over, twelve months! There are people over in Australia who
have lost their homes and been forced into bankruptcy!
What does the future hold?
is quite conceivable that if Ali can't raise the capital he wants, and
then cut the losses the club is making, or fail to capture the players
he needs, then he will walk away. There will be an escape clause
somewhere. And it will have cost him almost peanuts for the SBLC
compared to the international press cover he has received, and which he
uses to maintain credibility in the eyes of future borrowers. Bernie
Madoff, . . . move over!
The true owner's of Racing
Santander are the many companies in Australia (and two or
three in NZ) who have given Ali over $40 Million in up-front fees and never
got their loan agreements settled.
Pernia - impressed by Alis
private jet. Grab the article link (below) and use the Google
translater. Wikifrauds contacts in Spain tell us this guy is fawning
all over Ali in an embarrasing way. http://www.as.com/futbol/articulo/otros-alis-compraran-clubes-final/20110218dasdaiftb_36/Tes
And now, after just two months or so, Ali has broken three promises to
pay the players, and Pernia has borrowed a further two million Euros
from another source
to pay the club's debts - the debts that Ali was supposed to pay but
either has not or will not.
Pernia-impresionadopor el jetprivadoAlis.Cogeelartículoenlace(derecha)y elusode laTraductorde Google.WikifraudscontactosenEspañanosdiceestehombreestodos losaduladoresmás deAlienunaformavergonzosa. PINOCHO: "a cada cerdo
llega su San Martin"
Revilla . . . . . .
and again with Ali, hanging on every word. He will live
to regret this photo and many others.
Revilla. A risky and cosy
friendship with Ali could spell the end of his political career at the
upcoming elections. No more late night TV appearances, no more
strolling around the city's cafes with a big cigar.
elfinal desucarrera políticaenlas próximas elecciones.No haynochemástardeApariciones en
un paseo porlaciudaddecafésconungran
See Latest News page for more updates
on Racing Santander's adventures with Ali the fraud.