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Archive for tag: Newcastle takeover rumours.

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…)


Be careful what you wish for.

December 16th, 2010 | 240 Comments |

Is Ashley selling up?
Is Ashley selling up?
I’ve noticed that there seems to be a bit of momentum gathering pace with regard to the Qatar royal family wanting to buy Newcastle.

Questionable source after questionable source has now reported the ‘news’, but I personally remain sceptical of the whole thing to be honest.

Many of these stories are cooked up with the intent of causing unrest amongst fans in the hope of us supplying them with their next story – we’ve been here before remember. This is why it is amusing me when I read comments from people who are getting all starry-eyed at the prospect of a mega-rich tycoon takeover. My message is simple – be careful what you wish for!

I’m no fan of Mike Ashley, but then who is to say that the next owners would be any better? There seems to be a view that any potential new owner would willingly splash the cash, and that same view was shared when Ashley took over Newcastle three-and-a-half years ago. See my point? (more…)