Dan Clough at Rovers Return, and a journalist from the same stable as the Lancashire Telegraph, reports that the takeover by Saurin Shah isn't going to progress. Read this here.
I also spoke to two very well connected Rovers fans today with a close interest in any potential takeover. Their sources and contacts also pointed to the bid being a fishing expedition. The guy doesn't have the money, just an idea.
I'll admit, my alarm bells rang when he did this interview with the Lancashire Telegraph. I must have written about more takeovers than I care to recall. No successful serious entrepreneur does an interview with a local paper at such a stage. But then again, football is different.
This has stiffened the resolve of a number of individuals to get the process going again in a way that was tried in 2008 before the financial world collapsed.