Blackburn manager Sam Allardyce does not believe any takeover of the club will be completed in time to help him in the current transfer window.

Indian businessman Ahasan Ali Syed is the latest in a number of potential new owners to express an interest in investing in the Ewood Park outfit.

Owned by the trustees of the late Jack Walker, Rovers are about £20m in debt.

"The new investment is not going to arrive before the transfer window is shut," said Allardyce.

"Anybody who's going to be interested, and if it is going to happen, it is not going to be between now and 31 August.

"That being the situation, we are getting on with the business we have got in hand and working to the budgets we have already got in place.

Allardyce is yet to make a signing this summer but has secured a number of his more established players on new contracts.

Chairman John Williams confirmed on Wednesday that the club was in talks with a number of interested parties about a possible takeover.

Syed, head of the investment company Western Gulf Advisory, is said to have opened talks with Blackburn's advisers at investment bank Rothschild.

He is reported to have promised to clear the debt and invest £300m to sustain the club over a long period of time.

606: DEBATE Have your say on the potential takeover

A number of consortiums have contacted the trustees over the last three years including one fronted by ex-JJB Sports chief Chris Ronnie, and another based in Iceland.

In June another Indian entrepreneur, Saurin Shah, was reported as being prepared to bid for the club.

Meanwhile, Allardyce has urged Prime Minister David Cameron to change the government's tax policy because he believes it is hampering Blackburn's search for a new striker.

When asked about involvement in the transfer market, the Rovers manager replied: "We have tried very, very hard over the last eight weeks and had many, many disappointments.

"Most of the time it boils down to net salaries that people are asking for and the 50% tax bracket in this country.

"If Cameron is listening, drop the tax bracket will you? Then we can get the best players in the world to play in the best league in the world."

Allardyce, who labelled the World Cup "boring," added that changes need to be made to stop players deciding not to play in the Premier League.

"We might find out that the Premier League is going to suffer by the fact that players can go elsewhere in Europe and get bigger salaries because they are paying less tax," he warned.

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