Zabeel Investments Ready To Reappoint Keeganm


The Daily Express is reporting today that Mike Ashley was in talks last night with Zabeel Investments chairman Mohammed Ali Al Hashimi.

Mohammed Ali Al Hashimi – leading the talks with Newcastle

This is in conflict with a report in the Newcastle Journal this morning that said Mike pulled out of the meeting, which we found hard to believe.

It appears that Ashley is officially asking £481M for the club, but surely anything north of £270M would indeed be a very good deal for Ashley.

If he got £270M, that would be a clear profit of close to £30M, after just 16 months, so that’s not too bad.

There’s also news another Dubai Investment Group are interested, but they are not named.

Both groups are said to be willing to pay £300M for the club, but if that is correct, we’re sure a deal would be struck very quickly, so that amount has to be in some doubt.

£300M would give Mike a full 25% gain on his investment in just 16 months – a really good deal. He paid about £240M for the club, and will make £60M pure profit on £300M.

Under Al Hashimi, Zabeel Investments has built up a huge portfolio in its first year, incorporating property development, construction, hospitality, media, finance and education. The group also invested in Abraaj Capital early in 2007, and more recently, the company invested in DICAM’s $2B Global Strategic Equities Fund. DICAM is the asset management subsidiary of Dubai International Capital LLC.

And there is some news too, that Zabeel Chairman Mohammed Ali Al Hashimi, who has led the takeover talks with Mike Ashley and his team this week, will appoint Kevin Keegan as his new manager.

That wouldn’t surprise us at all, if indeed a Middle East Consortium eventually buys Newcastle.

What better way to immediately get the fans support, not to mention the team being stabilized, almost overnight, because it’s clear the players would also be delighted.

We hope that happens, that’s for sure.

Comments welcome.



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246 comments so far

  • Ian

    Sep 17, 2008 at 2:23 PM

    Comment #1

    Is that the new strip???

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  • Obafan

    Sep 17, 2008 at 2:25 PM

    Comment #2

    I’m not going to do stupid like some on here by saying ‘FIRST’ lol.

    No, I think something is going on, the stories keep coming up and they all refer to a few things that will happen then:

    1. the chance of a Dubai group taking over is quite large IMO

    2. KK will be reappointed to get a stable club

    I hope that things will go fast, cause we caannot take too much of a time in the mess the club is in ATM.

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  • geordiejp

    Sep 17, 2008 at 2:25 PM

    Comment #3

    Well lets hope so .. the longer this drags on the more points we gonna keep dropping in the league untill this is all sorted but even that is no guarantee due to the mess with injuries and horribly small squad lets just hope we can make it to january mid table…..

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  • ToonKing

    Sep 17, 2008 at 2:26 PM

    Comment #4

    this is all bollox right now, not one credible news so far this week.

    I still fancy Bill Gates as new owner … 🙂

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  • Ian

    Sep 17, 2008 at 2:27 PM

    Comment #5

    I hope they are interested, quite why an investments company would buy a football club is a mystery to me, but we could do with a fresh start and quickly.

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  • Tom

    Sep 17, 2008 at 2:30 PM

    Comment #6

    Reappointing Keegan would be a huge mistake on their part. Yes it would appease the bedsheet brigade, and the fans that can’t yet get past the mid 90s, but its a foolish mistake. If Keegan can’t produce the goods, and a new owner decides to get rid of him, then we go through this whole saga all over again!

    Also, I’d like to keep Jiminez and Vetere on at the club in scouting roles considering the calbre of players they have brought in, if they are willing, and considering whats happened, I’m not sure Keegan could work with them. Given a choice I’d rather keep them and bring in a better manager than Keegan.

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  • steve

    Sep 17, 2008 at 2:33 PM

    Comment #7

    Although the story is no doubt complete fabrication 300 million is a great price for Ashley.
    In the current economic climate getting a return of 25% is outstanding.

    If he was a decent bloke and wanted to look good in th etoon he could just come out and say sorry for messing up and hand out about 1100 quid to 50,000 season ticket holders and still come out in profit

    Come on Ash – money will buy forgiveness, at least with me – any fans refusing to forgive him get nowt and the money is allocated to the forgivers pot 🙂

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  • Graham

    Sep 17, 2008 at 2:33 PM

    Comment #8

    ToonKing – why the hell would you want Bill Gates as owner. He has already pledged to give $40bn+ to charity when he retires. He keeps enough for his retirement and a nest egg for the kids, but they dont end up with billions when he’s gone.

    Wake up man

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  • Toon Daft

    Sep 17, 2008 at 2:33 PM

    Comment #9

    thing is, what sort of clout do they possess? it would have to be very serious capital indeed for us – as I posted on another page:

    as much as I hate to say this: that is a ludicrous ideas!! in a world where Abu Dhabi Investments (clout of 650 B), Roman Abramovich (clout of 14 B) are present, and with the likes of Anil Ambani (clout of 24 B) and DIC (rumored more clout than Abu Dhabi) supposedly imminent, how could us fans ever, and i really do mean EVER, compete at the higher levels of the table? Even by bringing up young guns we would fall well short of these giants. Scenario: Zamblera for arguments sake, turns out to be immense, how long could we keep him with these lot sniffing about, not to mention Arsenal, possilb Liverpool, QPR and teams abroad?

    The reality is, those with the biggest sugar daddy’s at the helm will rule the roost for the forseeable future in the EPL. Us fans could never hope to compete with those that have monies to burn. Howay lads, cotton on, this is pure idealism. We need Anil or DIC if we wanna compete for titles and Euro golory.

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  • Mac

    Sep 17, 2008 at 2:33 PM

    Comment #10

    No one is interested in buying us. We are a joke at the minute. We have an owner that wants a huge profit before he sells.

    Te players have been knocked by what has happend and just can’t get it together and believe me this will continue until a new manager is appointed. But no manager is going to be appointed because the clubs owners want to sell, so unfortunately get used to displays like Hull

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  • ToonKing

    Sep 17, 2008 at 2:36 PM

    Comment #11

    wtf Graham, i was joking you m*g.

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  • steve

    Sep 17, 2008 at 2:37 PM

    Comment #12

    I heard Walt Disney were gonna buy us as the new rollercoaster ride

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  • broon ale

    Sep 17, 2008 at 2:37 PM

    Comment #13

    these tycoons will surely part with half a billion when we appoint david o’leary as a temporary manager. ….erm. maybe not then!

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  • DanToon

    Sep 17, 2008 at 2:37 PM

    Comment #14

    No to reappointing Keegan for me. Clean start all round new owners with 100 times more money than Ashley and Roberto Mancini as manager!!

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  • xisco biscuits

    Sep 17, 2008 at 2:37 PM

    Comment #15

    re TOM

    if kk was sacked for not doing the business then nobody would mind. the fact that he was forced out because he had no authority and yet all the responsibility and accountability was the reason it all kicked off. the fact is we were improving fairly quickly under kk, and if he was backed with serious money we’d improve even further

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  • Ian

    Sep 17, 2008 at 2:41 PM

    Comment #16

    I think putting Keegan is the right move, but they need to take their time with a contract and have set targets and set amounts of funds released after achieving certian levels, then apart from Kevin Keegan’s wages all of the targets and funds etc should be released to the public at a press conference with Kevin Keegan present and agreeing with the facts given.

    Then it is simple if KK doesnt get above x with whatever he is given then we know as well as he does he is in trouble, if he climbs with what they have agreed to give him in team terms up to a set level then we know they will release another set of funds and then again we will know the next target.

    That way everyone is in no doubt of what the ground rules are for everyone, if Keegan failed he would probably throw his hands up first anyhow, but we would all know it was fair as it was pre-agreed, there would be no complaints from the fans, all they want is it all to be fair, above board and in the club’s interest.

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  • LostWords

    Sep 17, 2008 at 2:42 PM

    Comment #17

    Hope its Anil Ambani cos DIC not interested and zabeel seems to be a small fish in a pond full of giants compared to the others. But then anything is better than now where nothing seems to be happening. I just want a quick resolution so we can all carry on with supporting NUFC.

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  • Tom

    Sep 17, 2008 at 2:44 PM

    Comment #18

    Were we improving though Xisco? Yes we played well against Man U, but would have lost if not for Shay. Against Bolton we were ok but would have lost if not for Shay. Against Arsenal we were appalling and Coventry should not have been as close as it was. There is no great improvement there in all honesty.

    Some people (I’m not meaning you mate, just us NUFC fans in general) need to realise that Keegan is not some superb manager. He is a good motivator of players, but he has never been tactically sound. In the 90’s he did wonders for us. That was over 10 years ago though, and he is now a spent force.

    With new owners, and a fresh outlook, we need a fresh start. Re-appointing a manager who is, frankly, living on his reputation quite a bit, is not the way forward, its barely even a sidestep. We need to look at someone like Mancini, like Donadoni, like Terim. Someone who is a good manager, a good motivator and good tactically. In other words, someone new. Somone not Kevin Keegan.

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  • ANDYGLOSTOON

    Sep 17, 2008 at 2:44 PM

    Comment #19

    public enemy once said”dont believe the hype”

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  • Ashton

    Sep 17, 2008 at 2:45 PM

    Comment #20

    Reappointing KK would be a horrible thing imo we need a world class foreign manager not a quiter who know’s nothing about modern football

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  • 51times

    Sep 17, 2008 at 2:46 PM

    Comment #21

    I wouldn’t be opposed to bringing Keegan back, but I think anyone who buys us will go for a younger manager.

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  • DanToon

    Sep 17, 2008 at 2:47 PM

    Comment #22

    100% agree tom!!

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  • Michael12

    Sep 17, 2008 at 2:48 PM

    Comment #23

    @xisco biscuits: “Improving fairly quickly” under Keegan!!!!

    By what barometer have you used to measure this?

    This is so easy to declare but I have still seen no evidence on how you measure this?

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  • Toon Daft

    Sep 17, 2008 at 2:48 PM

    Comment #24

    hasn’t Donadoni just been grace-lessly sacked??

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  • thicko

    Sep 17, 2008 at 2:49 PM

    Comment #25

    Sorry to be a bit thick , but what does IMO mean
    after a sentence – please don’t tek the piss cos it’s gonna be an obvious answer

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  • Nick 69

    Sep 17, 2008 at 2:53 PM

    Comment #26

    zabeel is owned by the same man as DIC which is sheikh mohammed, so there will be plenty of financial clout behind them i would have thought

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  • Toon Daft

    Sep 17, 2008 at 2:56 PM

    Comment #27

    think he is trying to own several PL clubs?

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  • Michael12

    Sep 17, 2008 at 3:02 PM

    Comment #28

    We need a manger who is strong, tactically, in motivating, planning and professionally.

    Keegan only ticks one box there.

    What concerns me is that people seem to think Keegan is an answer. He is not.

    In order to move forward, we must think and act forward. Fans here want to “go back” to Keegan. No wonder we are going backwards in the league.

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  • broon ale

    Sep 17, 2008 at 3:02 PM

    Comment #29

    anyone bored of talking about this? it feels like we are all walking around in a daze oblivious to the leeds like implosion which is gripping our club at the moment.. all thanks to ashley.

    all you ashley lovers should hang your heads in shame!

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  • Michael12

    Sep 17, 2008 at 3:04 PM

    Comment #30

    @Toon daft:

    This is another problem that may become of this idea of simply buying clubs or demanding to be bought.

    Ther may come a time where one man owns 2 or more Premier league clubs then what do we do.

    It would be similar to Red Bull the Toro Rosso in formula one.

    Not good at all.

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  • Micky Toon

    Sep 17, 2008 at 3:04 PM

    Comment #31

    Look, who ever comes in as manager isn’t going to get total control over who comes and who goes. Why? Because none of these mega rich guys trust anyone with their money apart from themselves.
    One of the owners of QPR was asked about our situation and he said “a coach should know his place and coach the team. I will not trust a coach with my money. I only just trust the bank, so why would I trust a football coach”.

    I doubt Sheik ‘n’ Vac or whoever buys us would think any different. If they don’t want to pay ££££ for a player just because someone like Keegan thinks they are then they won’t buy the player. We all know that Keegan would not work like this as he is a control freak.

    So, they bring back Keegan as the “main man” and then tell him he can’t have any money. What happens? KK walks, again.
    Anyone with any sense whatsoever would not employ Keegan as a manager or a coach ever again. Look at his track record for dummy spitting and throwing his toys out of the pram.

    These arabs aren’t daft, they will want the best return on their money, just like Ashley. How else will they afford a new Veyron to go with the 3 they already have?
    This will mean having total say over how their money is spent and what it is spent on. They are the ones who will want total control over their investment from top to bottom. Obviously they will take advice from the people they employ, but their say will be final.

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  • Michael12

    Sep 17, 2008 at 3:05 PM

    Comment #32

    Brown Ale: What has Ashley done?

    What is his crime?

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  • SuperShearer

    Sep 17, 2008 at 3:06 PM

    Comment #33

    Toon Daft he might want to own more than own club but he ain’t allowed rules clearly state that. In fact I’m not sure if you’re allowed to own more than one club globally. For example I think Abramovich owns PSV but it’s in his wife’s name so as to avoid any problems….could be wrong about that though.

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  • Micky Toon

    Sep 17, 2008 at 3:08 PM

    Comment #34

    SuperShearer – I thought it was CSK Moscow he owned? I’ve never seen anything mentioned about him at PSV, but that doesn’t mean it isn’t true, of course.

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  • SuperShearer

    Sep 17, 2008 at 3:10 PM

    Comment #35

    Micky Toon could be right mate, the man’s clearly got more money than he knows what to do with. PSV are definitely a feeder club for Chelsea though.

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  • Graham

    Sep 17, 2008 at 3:11 PM

    Comment #36

    Sorry ToonKing – your humour is lost on me.

    Mind you – its a better option than fans running the club. WE cant agree on a starting xi let alone managing a football club

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  • broon ale

    Sep 17, 2008 at 3:17 PM

    Comment #37

    We a frequently told that “football is a business”. Ashley led this line in his recent statement.

    If this is the case, , how can a company’s customers be it’s biggest problem?

    The vast majority of Newcastle fans wanted rid of Ashley. We protested to demonstrate the overwhelming groundswell of opinions!

    The naive minority unwittingly felt heart felt sympathy for Ashley after reading his well over due statement.

    its worth pointing out that No business has ever failed because it had too many committed, passionate advocates. If such a company fails, it must be because of the people running the company.

    stop blaming the people who protested. they have just done the club you claim to support a massive favour..

    be gratefull and stop kissing Ashleys arse!

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  • Born Again Geordie

    Sep 17, 2008 at 3:18 PM

    Comment #38

    I will wait for an official announcement before I get even remotely excited !!!

    I want stability – is that too much to ask.

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  • Mac

    Sep 17, 2008 at 3:20 PM

    Comment #39

    It is still only 1820pm in Dubai now so still plenty of time for a deal to be done today

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  • Am sick of this

    Sep 17, 2008 at 3:21 PM

    Comment #40

    for me i think once the new owner is in place reinstating keegan is the best solution this is not me pining for the old entertainers day but is the only logical outcome.
    Keegan’s ghost has loomed over st james park for more than a decade so give him the job and sufficent funds to do the job one of two things will happen he will get it right and the team will be successful or he will walk away either way the ghost of keegan’s entertainers will be laid to rest .
    if he does walk after being allowed to do it his way with his players least the fans wont go ballistic like they did this time the problem this time was most of us could see he was starting to get it right with a paper thin squad and all this paper talk of henry, lampard and beckham it seems what he wanted was bastian schweinsteiger from bayern munich so again dont believe everything you read and hopefully there will be an end to this mess

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