Archive for category: NUFC sale saga.

Could a ‘Proxy War’ Stop Saudi Takeover of Newcastle United?

April 23rd, 2020 | 30 Comments |

Mohammed bin Salman
Mohammed bin Salman: Comes with a lot of baggage.
The House of Saud comes with a lot of baggage and with the prospective Saudi backed takeover of Newcastle United, there has even been a report of St James’ Park being the latest battlefield in a ‘proxy war’ between Qatar and the Saudis in the New York Times. In this case they are referring to Qatari Sports broadcasting giant, beIN Sports, whose claims are on the basis of piracy regarding live coverage of games. To add to this, two other antagonists have also entered the battlefield, human rights group Amnesty International and the Scottish National Party.

Going in reverse order, SNP MP John Nicolson raised the issue with culture secretary, Oliver Dowden, during a meeting of the Digital, Culture, Media and Sport committee, where he raised the issue of Saudi Arabia’s frankly abysmal human rights record, though Dowden swiftly passed the buck on to The Premier League, saying that it was a matter for them and not Downing Street. (more…)

Exciting times ahead as Ashley heads for Newcastle exit.

April 20th, 2020 | 5 Comments |

St James Park.
A new dawn at St James’ Park?
The news that Mike Ashley’s time as Newcastle United owner is coming to an end has unsurprisingly gone down extremely well with the fans.

A Saudi Arabian-funded consortium is set to complete a £300 million takeover and will pump in significant resources to try and establish the Magpies as a force in the Premier League.

We take a closer look at four key areas Newcastle’s new owners must address if they are to deliver success to the North East’s biggest club.

Time to say goodbye to Bruce.

Steve Bruce has done a reasonable job as manager in difficult circumstances, but he is not the man to take the club forward. (more…)

Everything’s in the balance for Newcastle United

June 7th, 2019 | No Comments |

Mike Ashley
Ashley: Another sale saga drags on.
“These are the times that try men’s souls” said Thomas Paine of the American War of Independence, and though Newcastle United may stand on the brink of finally seeing the back of its most unpopular owner (in a strong field of previous unpopular owners), these are indeed trying times as many Toon fans wait in hope and frustration for something definitive to happen. Welcome as it is for most, it raises some major questions with a manager whose future at the club is still uncertain and in the midst of a crucial transfer window for the Magpies. What should the transfer policy be this summer when the manager’s contract situation is still up in the air and Ashley and the Bin Zayed Group grope their way towards a deal? (more…)

Kuwaiti al Arabi chief plotting Toon takeover by next week?

July 10th, 2012 | 35 Comments |

Jamal al Kazemi: Plotting Toon takeover?
Al-Kazemi: Has a few bob.
A report has come into my eyeline from the Kuwait Times (via site user, Stephen C.) saying that the chairman of Kuwait’s al Arabi Football Club, Jamal Al-Kazemi, is:

“Seriously thinking of buying the British Newcastle United football club.”

The report goes on to say that:

“He has finalized all conditions that enable him to acquire the club by next week. The actual negotiations with Newcastle owner Mike Ashley will be clear.”

Next week! Oooh er! Sounds a bit more positive than Ashley’s player negotiations!

However the story then takes a slightly absurd turn when the writer of the piece then added something of his own, writing:

“Ashley has wanted to sell the club since 2009. He bought the club known as “Magpies” in 2007 for £134.4 million and it is said that he is willing to sell it for less than £80 million.” (more…)

How attractive is Newcastle United for a takeover?

October 3rd, 2011 | 65 Comments |

More cash for the club?
More cash for the club?
In my previous blog “The Lesser of Two Evils” many people commented that Mike Ashley has no commitment to NUFC and will sell up as soon as he gets the right offer.

The question that has to be asked then, is, “How attractive is Newcastle United for a takeover?”

If you imagine yourself as a potential investor of NUFC you have to admit that it does look an attractive business move. A huge loyal fan base, who despite their misgivings of the current ownership are relatively content at the moment. All the club debt is out in the open, in a manageable way and is a relatively small given the revenue of the club. The team is playing well and we are flying high in the leagues and cup competitions, if we had beaten West Brom last season we would have only been a few places short of Europe.

Once that debt is cleared (hopefully in a few years) provided we continue to reside in the Premier League we could prove to be quite profitable on a long term investment.

The relegation was fantastic for a new potential owner; all the dead wood and high earners are almost out of Tyneside (Alan Smith I’m looking at you) with a new sensible wage structure and transfer policy in place. I’d argue that maybe another £20 million in transfer fees to get us a new Striker and Right Back / Centre Back would set the team up for a few years; our squad is not in need of a complete overhaul as we have a relatively young squad. (more…)