Blackburn Rovers boss Sam Allardyce says they'd need more than £100 million to turn his squad into a top four contender.

Western Gulf Advisory, a group headed by Ahsan Ali Syed, are reported to be closing on a £300million purchase of the Ewood Park outfit.

Should they take control of the club, it is suggested that Allardyce will be handed a £100million war chest.

"I see our prospective new owners linked us with David Beckham this week," Allardyce wrote in his News of the World column.

"Well that was music to my ears because I have tried to sign him twice in the past - once when I was at Bolton and then later when I managed Newcastle!

"The likes of David Beckham are who Blackburn are going to be linked with if the £300million takeover by Western Gulf Advisory goes through.

"I've had everybody on this week asking me how I'm going to spend the £100m that's supposedly coming my way. But let's hold on a minute. The news is really exciting but at present there's only a proposal on the table, nothing is signed or sealed.

"Having said that, you can't help but get excited at the magnificent opportunity to improve the club. Just so long as any new owner realises spending £100m on players guarantees you nothing.

"Yes, it's a massive chance to bring back those fantastic days Blackburn enjoyed under Jack Walker and Kenny Dalglish, but look at Manchester City.

"They've spent in excess of £300m plus millions more on wages and are not in the Champions League."