Nasser Al Kharafi Latest To Show Interest In Newcastle


Kuwait businessman Nasser Al Kharafi is the latest name to be linked with a possible takeover.

Nasser Al Kharafi – said to be interested in Newcastle

As we reported over the last two days Mike Ashley seems to be asking for £480M to sell a club he paid just £243M for 16 months ago, and if he holds out for that price much longer, the Newcastle fan base will be very skeptical his true aims are in fact to sell the club.

He has already said this will not be a fire sale, and he has said he will even continue as owner, if a suitable buyer cannot be found. But a suitable buyer will never be found at that price, let’s be honest about that.

The Newcastle Journal is reporting that an intermediary working on his behalf has said that Al Kharafi is interested in becoming Newcastle’s new owner, but this is all starting to look like the transfer season all over again, where we were reported to be interested in about 839 players and bought about 6. The only difference now seems to be who wants to buy the club.

The intermediary said:

“Nasser Al Kharafi has the money to buy the club, but the way Mike Ashley is going about things is wrong. He is actually putting off any interested buyers with the price and his refusal to negotiate. If he genuinely wants to sell he is going about it the wrong way.”“At the last estimate Nasser was worth around $12B (about £7B), but he still won’t pay over the odds for the club. Mr. Ashley seems to think he can ask what he wants because he is dealing with people who are multi-billionaires, but that simply isn’t the case. As things stand he will be returning to England without a buyer.”

As the world’s 29th richest man and the 4th richest Arab, the 62-year-old Kharafi is Chairman of Al Kharafi & Sons. Nasser Al Kharafi puts fast food on plates across the entire Middle East, and his company controls the exclusive Arab franchises for KFC, Wimpy, TGI Fridays, Cadbury’s, Pizza Hut and Saint Cinnamon.

The family also owns a lucrative 30% stake in Atheer Telecom, which owns a mobile license for Southern Iraq, and in October he purchased more shares in Mobile Telecommunications Corporation (Zain), through one of its units.

There has certainly been no concrete offers yet for Newcastle United, and the Ashley trip to the Middle East is in severe danger of looking more and more like a jaunt, than a serious business trip.

Oh well, with things this bad, we have to assume they will only get better.

Comments welcome.



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108 comments so far

  • Yeomsta

    Sep 18, 2008 at 9:53 AM

    Comment #1

    What a joke,

    Mike Ashley is a moron.

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  • bowburnmag

    Sep 18, 2008 at 9:54 AM

    Comment #2

    I really hope these aren’t just photos of Mackems sitting in The Albion with tea towels on their heads and dropping anonymous hints via email or text that some new Middle Eastern sugar daddy is interested in us.

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  • Toon Chicken

    Sep 18, 2008 at 9:59 AM

    Comment #3

    Ed – serious question. Why does it seem that Mike Ashley is asking for £480m – cos the Sun said so?

    All we know is that he has said he got the message and he will sell and he has gone to the UAE to try and broker a deal with a serious buyer.

    They are the only facts so maybe you should just let him get on with it instead of inciting the mob even further by posting media fantasies as truth.

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  • Slam Dunc

    Sep 18, 2008 at 9:59 AM

    Comment #4

    By all accounts Ashley has already offended most of the Arab world and put off their serious investors:

    http://www.trophy4toon.co.uk/forum/index.php?topic=504.0

    Ashley, Wise and Llambias are due back in this country today returning empty handed.

    Hopefully they will just leave the deal to Tony Jimenez to do, he at least is known as an excellent deal broker and will treat the Arab investors with the respect their vast wealth deserves.

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  • Geordie Jayne

    Sep 18, 2008 at 10:05 AM

    Comment #5

    Why the hell anyone can think that the three wise monkies could actually do a professional deal is beyond me, they could not run our club in a professional manner that we deserved.

    Any professional selling a club of this size and amount of money would surely have professionals working to do the deal not two morons surely.

    Regardless of price, their track record in the past few months speaks for itself.

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  • Toon Chicken

    Sep 18, 2008 at 10:05 AM

    Comment #6

    Slam Dunc – so you basing your opinion on the mindless ramblings of another bedsheeter? Ok, each to their own I suppose. Don’t really see the point in posting someone else’s opinion from one blog onto another though.

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  • Geordie Jayne

    Sep 18, 2008 at 10:07 AM

    Comment #7

    Toon Chicken, are you trying to offend Ed or what?

    He puts out information that is circulating, and fact is if he did not there would be NO facts, NO news, nothing for us to have our opinion on as there is nowt from the club.

    He is as much entitled to his opinion as you are to yours.

    Appreciate this site not bite the hand that feeds it.

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  • Toon Chicken

    Sep 18, 2008 at 10:08 AM

    Comment #8

    Way geordie jayne you’d better bloomin hope they can otherwise you’ll be stuck with them for some time yet.

    Friggin hell – whinge whinge – moan moan! I actually woke up in a positive mood today, tried to instigate a bit of friendly banter on the blog – make light of a sh!t situation, and all I get back is bedsheets and brick walls.

    Way feck this for a game of soldiers!

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  • hitman

    Sep 18, 2008 at 10:08 AM

    Comment #9

    did david craig noy say yesterday that ashley was flying back this morning (as in yesterday).

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  • Geordie Jayne

    Sep 18, 2008 at 10:09 AM

    Comment #10

    Toon Chicken I am basing my first opinion on this page as fact. They have been a disgrace this past few months A disgrace.

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  • Geordie Jayne

    Sep 18, 2008 at 10:10 AM

    Comment #11

    Toon Chicken read what you write, caller other people for whinging.

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  • Geordie Jayne

    Sep 18, 2008 at 10:10 AM

    Comment #12

    Toon Chicken can I ask you something if you are a Toon supporter why do you say I will be stuck with them surely it is a WE

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  • Toon Chicken

    Sep 18, 2008 at 10:12 AM

    Comment #13

    geordie jayne – why don’t you just feck off u miserable £$^%!

    i was talking to Ed not you. I never said he wasn’t entitled to his opinion you dumb ass. Just suggested that maybe these half truths are half the problem. If you can’t get that into your thick skull that’s your problem – don’t come moaning to me about it.

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  • hitman

    Sep 18, 2008 at 10:13 AM

    Comment #14

    chicken your out of order mate…

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  • Geordie Jayne

    Sep 18, 2008 at 10:13 AM

    Comment #15

    Toon Chicken, you hate people to have a go at what you say, yet you can have a go at them. At no time am I rude to you so don’t be rude to me

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  • Toon Chicken

    Sep 18, 2008 at 10:14 AM

    Comment #16

    no i wouldn’t say WE geordie jayne you thick £@$%!

    COS I WOULDN’T BE STUCK WITH HIM!

    I NEVER WANTED HIM TO GO!

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  • Geordie Jayne

    Sep 18, 2008 at 10:15 AM

    Comment #17

    Toon Chicken, you have lost the plot m8 lost it

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  • Toon Chicken

    Sep 18, 2008 at 10:17 AM

    Comment #18

    hitman – i don’t give a fcuk mate.

    I was trying to have a bit of crack – was in a good mood – asked ed a simple question then i get this narky bint on me back.

    fcuking sick of it!

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  • bowburnmag

    Sep 18, 2008 at 10:17 AM

    Comment #19

    Toon Chicken – agree with hitman. Bang out of order. Regardless of gender, no need for that outburst. She clearly feels as strongly on her side as you do on your’s. You’re no different other than the angle you’re looking at.

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  • Toon Chicken

    Sep 18, 2008 at 10:18 AM

    Comment #20

    whatever geordie jayne – like i give a flying fcuk what u think!

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  • Ian

    Sep 18, 2008 at 10:19 AM

    Comment #21

    We do not know if this is true or not.

    We do know that he has got many backs up in the city (London) and has managed to upset everyone outside the board at Newcastle.

    I hope he and his group for once can get on with a large group of people and negotiate a deal, could you imagine this sort of press from Alan Sugar or a Branson deal?? Ashley is losing global respect as a businessman and he doesnt seem to care!

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  • hitman

    Sep 18, 2008 at 10:19 AM

    Comment #22

    chicken you have been at everyone that dosnt agree with you for days mate,take a chill,or go and have a bong.lol

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  • bowburnmag

    Sep 18, 2008 at 10:20 AM

    Comment #23

    Toon Chicken – agreed everyone has lost their sense of humour recently. I’ve said so a number of times. We used to be pretty good at self-deprecation. Things are bad but we seem to take ourselves seriously 24/7. Doesn’t justify your rant, in fact it backs up what you’re saying.

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  • Ben-Toon

    Sep 18, 2008 at 10:20 AM

    Comment #24

    Off the subject guys

    Does anyone know whats happend to Kader, there was thought he went out on loan to Norwich but I cannot see him in there squad, I know he also had an injury but he is no where to be seen on the treatment room list.

    While Jose is injured I would give the lad a shot a left back if he is fit to free up Zog to play in midfield.

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  • Geordie Jayne

    Sep 18, 2008 at 10:21 AM

    Comment #25

    Ian I agree

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  • KK FOREVER

    Sep 18, 2008 at 10:22 AM

    Comment #26

    HITMAN i dont think ashley is trying to sell the club . i think he is trying to feck our heads up wot do u reckon

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  • Ian

    Sep 18, 2008 at 10:26 AM

    Comment #27

    toon chicken and others are just argumentative and pro ashley.

    They ignore all of the trouble he has caused with shareholders in London, they ignore the fact he employed a man who has attacked people before and has a reputation as one of if not the most argumentative man in football.

    They ignore the fact that the board contradict themselves with statements from the club and TV and newspaper statements witnessed by many.

    They say he didnt buy the club for money, but hardly utters a paragraph without mentioning money.

    They are eithwer enjoy arguing full stop, enjoy arguing with Newcastle fans which means they arent, or they just ignore real facts and want to hold a different view.

    Trouble is day be day they are are sinking with another Ashley problem adding to our woes.

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  • Geordie Jayne

    Sep 18, 2008 at 10:26 AM

    Comment #28

    The players seem to be falling like flies, quite worrying. the understrength team we have is starting to show, hope some young ones can take there chance with both hands as we are surely going to need them

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  • KK FOREVER

    Sep 18, 2008 at 10:27 AM

    Comment #29

    toon chicken r u a man or a woman m8 justb wondering

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  • hitman

    Sep 18, 2008 at 10:30 AM

    Comment #30

    kk forever,if he really is trying to sell the club,hes making a rett arse hole of it,just like hes done with the club,the problem is ashley knows nothing aboot running a football club,he should of brought people in that do,but he didnt he brought in his mates

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  • KK FOREVER

    Sep 18, 2008 at 10:32 AM

    Comment #31

    geordi jayne wot young ones pet .we havent got many ov them niether we just got a very small squad

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  • Big Gaz

    Sep 18, 2008 at 10:33 AM

    Comment #32

    ED ! ! I have asked several times now for you to take that fat face of MA off the top heading and any other photos off this great site..I am still waiting.. I will be on your site every day now begging you to remove it..I am surprised that no other true NUFC fans have also asked the same…..Anyone back me up to get rid of the fat bastards face off the site?????

    I just hate looking at him…

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  • Geordie Jayne

    Sep 18, 2008 at 10:35 AM

    Comment #33

    very true KK,

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  • KK FOREVER

    Sep 18, 2008 at 10:36 AM

    Comment #34

    u rite hitman they cudnt run a pss up in a brewery

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  • ROB. WESTERN AUSTRALIA

    Sep 18, 2008 at 10:38 AM

    Comment #35

    The more i here about this f##k witt MA the more i detest him fancy drinking cocktails infont of the people of the Arab nations,and asking way over the top for the club he thinks he loves.He is a rude arogant fat bastard who has no morals for him self or N.U.F.C. I hope some Arab kills him.

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  • KK FOREVER

    Sep 18, 2008 at 10:38 AM

    Comment #36

    r u still ther toon chicken

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  • KK FOREVER

    Sep 18, 2008 at 10:40 AM

    Comment #37

    HERE HERE ROB I SECOND THAT

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  • Slam Dunc

    Sep 18, 2008 at 10:41 AM

    Comment #38

    Toon chicken

    I put that link on because Trophy4toon is a quality site which shows balanced and reasonable views based on facts.

    Obviously not a site that you would be interested in visiting, lol.

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  • Ian

    Sep 18, 2008 at 10:56 AM

    Comment #39

    Rog good point, how does Dubai view drinking??

    Anyone know?

    In Saudi that would be a sin and would annoy a lot of people.

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  • Ian

    Sep 18, 2008 at 10:58 AM

    Comment #40

    ops that should say Rob good point, everyone will be looking for a Rog!!!

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