Ahsan Ali Syed has dismissed doubts about his takeover of Blackburn Rovers.
BBC Radio Five Live Investigates claimed on Monday night Ahsan Ali Syed had been ordered to fold his Bahrain-based firm Western Gulf Advisory (WGA) for 'violating the laws and regulations of the country'.
Mr Ali Syed though hit back at the accusations, claiming 'we are still operating' and insisting the reason their Bahrain offices were shut was due to relocation issues.
Spokesperson Julia Thiem told the Lancashire Telegraph: "We know all the time the process is going on there will be rumours. So the best way to stop that and prove to people we are capable of taking control is by completing the purchase. Hopefully that will silence people.
"We can't do anything about these rumours. These rumours will only stop once we prove we are a good owner and that we have the sufficient funds. People are always suspicious and we accept that but will prove them wrong.
"With Blackburn Rovers, there has been great interest from media all over the world and the Bahrain authorities have approached us and asked for clarification about our investments and what is coming from European entities and what has been purchased from Bahrain.
"It is fair enough the authorities are seeking clarification because there have been so many stories about us. We have no problems with that. Mr Ali Syed is not unduly worried about the stories. There is always a negative story about you when you become popular.
"He finds it funny in one way because first of all people were doubting whether he had enough funds and now they have admitted we have the funds but they doubt they belong to us. Of course we are confident we will pass the Premier League's fit and proper test. It will be harder because we will be the first owners who have to pass the new regulations but we can prove our amount of funding.
"I am sure all of this will lengthen the process as well but it is not a problem."