African Consortium Offer £350M For Newcastle

There are reports coming out of KickOffNigeria that Newcastle United owner Mike Ashley is close to selling the famous Tyneside club to a Nigerian consortium.

Mike Ashley – offered £350M – holding out for £400M?

The consortium is led by a company called NVA Management, and is said to be led by some wealthy Africans. The report says the consortium has already offered Ashley £350M for the club, but we find that hard to believe, since the club cannot be worth more than £300M at the most.

Ashley is said to have turned down the bid and is asking £400M, which again is rather hard to believe.

Chief Executive Officer of the NVA Management, Chris Nathaniel, told that Nigeria is favored to make history as the first African country to own a Premier League club side if the deal goes through.

“All along I have been working hard to get wealthy and football loving Nigerian Entrepreneurs to buy the club since the owner Mike Ashley indicated his willingness to sell the club to the person, people or entrepreneurs that can meet the 400 million pounds selling price of the club,”

“Right now I am happy to tell you that well meaning Nigerians have responded and the consortium of Nigerian entrepreneurs has so far contributed 350 million pounds to buy the club but the club boss, Ashley stood his ground that he won’t sell the club until the money is raised to the asking price of 400 million pounds.”

“So what that means is that we need to raise another 50 or 100 million pounds to shut the door behind the other top Arab companies that are also interested in the club. The Arab companies have also indicated interest and made offer but they haven’t met the asking price too.”

We have no idea if this report has any truth to it, but if it’s true is will be good news for the Newcastle United club and for its long suffering fans.  So we hope it is true.

Comments welcome.

440 comments so far

  • Tom Mo.

    Sep 21, 2008 at 7:21 PM

    Comment #1

    I can’t believe it but atleast people are trying to meet this ridiculous asking price.

  • beyethegreat

    Sep 21, 2008 at 7:23 PM

    Comment #2

    martins will be happy

  • The Entertainers

    Sep 21, 2008 at 7:24 PM

    Comment #3

    Read the article about the Nigerian takeover too. Again dont hold too much faith in, but there appears to be direct quotes regarding the potential purchase.

    Not sure who they are, what financial backing they have, what their reason are and more importantly whether they would be willing to extend Nigerian born Shola’s contract …..!

  • beyethegreat

    Sep 21, 2008 at 7:28 PM

    Comment #4

    i cannot believe he rejected 350 million

  • The Entertainers

    Sep 21, 2008 at 7:29 PM

    Comment #5

    The prices appear ridiculous!

    But if they are willing and can afford the 400m! Then hopefully they will have some cash left over for some bloody players.

  • Gonufc

    Sep 21, 2008 at 7:29 PM

    Comment #6

    Surely this isn’t the best idea (apart from the Martins link) as they’re struggling to gather funds to buy the club, meaning they won’t bring any funds in for the club.

  • carl

    Sep 21, 2008 at 7:30 PM

    Comment #7

    not sure, what would worry me is that in this satement he says “So what that means is that we need to raise another 50 or 100 million pounds to shut the door behind the other top Arab companies that are also interested in the club.

    raise the money? youd like to think the money should already be their. if they need to raise money just to buy us, what about transfer funds etc? hmmmm.not sure

  • lee

    Sep 21, 2008 at 7:35 PM

    Comment #9

    dont belive a word sorry

  • michael09

    Sep 21, 2008 at 7:37 PM

    Comment #10

    anybody know a link to watch the barca game on the net

  • beyethegreat

    Sep 21, 2008 at 7:39 PM

    Comment #11


  • The Entertainers

    Sep 21, 2008 at 7:40 PM

    Comment #12

    Just had a terrible thought:

    I know a wealthy ex football, with Nigerian roots and still prominant in Nigeria / Africa.

    His name…….John ‘Fash’ Fashanu!!!

    His mate…….Dennis ‘ Dwarfy’ Wise !!!


    The plan is to bring in a ALL AFRICAN board, which is run from Nigeria. However they will put in place a puppet Managing Director, who is as clueless as he is voiceless.

    Then they will bring in an old favourite to manager us, like Keegan…again

    Then put in place WISE !!!! to ruin us and make the owners millions.

    It will happen all over again

  • Toon_Phil

    Sep 21, 2008 at 7:41 PM

    Comment #13

    “We have no idea if this report has any truth to it, but if it’s true is will be good news for the Newcastle United club and for its long suffering fans. So we hope it is true.”

    Can i ask why you hope this is true? I’d prefer the top Arab consortiums rather than Africans who cant even afford to buy us in the first place.

    Still however, £400 million for newcastle? Haha, Ashleys livin in dream land!

    £300 million tops, £350 million is a great offer, but Africans cannot make us compete with Chelsea and Man City.


  • Tom

    Sep 21, 2008 at 7:41 PM

    Comment #14

    Don’t believe a word and wouldn’t want it to happen. They are having to raise money just to buy the club itself, what aboutinvestment in the playing staff? Well-meaning or not, no thanks.

  • canmag

    Sep 21, 2008 at 7:43 PM

    Comment #15

    take the money you have been offered you effin
    idiot and leave before the danage can’t be repaired, take those two slimey cockney arseholes with you

  • LostWords

    Sep 21, 2008 at 7:45 PM

    Comment #16

    Still crossing my fingers for ambani.

  • Big Dave

    Sep 21, 2008 at 7:47 PM

    Comment #17

    That man said, they have to RAISE more money to buy the club, so I think it wouldn’t be good for us. We’ll have a new owner, and probably have Kevin back, but they don’t have the money to make Newcastle United a big club again. I’d be much happier if Bill Gates bought the club. I know he’s an idiot… But he’s very rich.

  • Bill F

    Sep 21, 2008 at 7:48 PM

    Comment #18

    It’s not one of these give us your bank details Mr Ashley so we can give you lots of money thingys we all have had at some point. That would be funny.

  • Obafan

    Sep 21, 2008 at 7:49 PM

    Comment #19

    Direct quotes obviously from that company, so there might be some truth in it. I hope that is not true tho’, because:

    1. If they have to find another £50m to be able to get £400m, what financial bonus could they inject to the club to get funds for transfers.

    2. It will be very difficult for an African board to compete with European, Arab or Russian businessmen.

    3. I still prefer Anil Ambani, but the rumours about him are getting silence so I don’t see him as our new buyer. It is a pity tho’.

  • dave

    Sep 21, 2008 at 7:49 PM

    Comment #20

    another round of useless wank by Ed like the piece last week.

  • Raffles

    Sep 21, 2008 at 7:49 PM

    Comment #21

    I am a Nigerian General with £350 million to put into your bank account…

    It has the ring of a spam email ffs! This cannae be for real. Can it?

  • pit yaka

    Sep 21, 2008 at 7:50 PM

    Comment #22

    A recipe for more disaster a ludicrous price which may be met, but that leaves no money for transfers!!!! Its a farce, we are on a slippery slope!

  • Ashingtoon62

    Sep 21, 2008 at 7:54 PM

    Comment #23

    Hope they pay Ashley in Ugandan Dollars,lol.

  • The Entertainers

    Sep 21, 2008 at 7:56 PM

    Comment #24

    There are 2 ways of looking at this.

    Obviously you can think they do not have the money.

    But hang on we’re talking 400 million!!!

    For a club that is worth less than half that amount.

    IF this is true then these guys should at least be taken serious.

    It may not be a matter of ‘finding 50 million’ it may be a matter of convincing another 50 million out of someone.

    Words can be taken too literally and out of context.

    Lets just bide our time and wait and see who they are and how serious this is, before writing them off.

    Dont forget who we have right now !

  • Toon Daft

    Sep 21, 2008 at 7:56 PM

    Comment #25

    yeah, great news! they have to ‘raise’ extra monies – come on, if we’re gonna be bought out, at least let it be by someone who has the money in the first place – this consortium clearly falls short in the clout department

  • Hadrian

    Sep 21, 2008 at 7:57 PM

    Comment #26

    the supporter base we would get from african ownership is really promising .

    these guys have their hands in football already and represent alot players .

    considering all the talent to come out of africa atm i would say this could be a great thing .

    some of you need to give your heads a shake expecting an ambramovich type to come in and start throwing huge debts on the club , you would think he’s actually gave that cash away by the way some people talk .

    nufc ran properly has huge scope for investment from our revenue and only minor investment would be needed .

  • Big Dave

    Sep 21, 2008 at 7:57 PM

    Comment #27

    so sad

  • lezb

    Sep 21, 2008 at 8:03 PM

    Comment #28

    Mr ashfelt,
    We will be glad to purchase your most wonderful football club for the agreed selling price. To enable the funds to be deposited in your account could you 1st send £10000000 processing fee asap and send your current bank details to Indi Bhongi capital investments co etc etc………….Some chance

  • magsie

    Sep 21, 2008 at 8:07 PM

    Comment #29

    Jesus you have to be taking the p*ss! Nee offence to any Nigerians watchin but you cannot be serious. their country has got nowt as far as i`m aware its a total gang culture? there is no way they could subsidise the toon on a long haul future in my eyes ffs. I am friggin sick of all this chaos and i wish every one conected to the toon would just drop down dead!!

  • Impact

    Sep 21, 2008 at 8:11 PM

    Comment #30

    If this group buy our team, we’ll be releguated in the next AFC haha becauze of all africain player who will be in our club.
    Also, after reading nigerians comments about this news, they dont want us.

  • beyethegreat

    Sep 21, 2008 at 8:14 PM

    Comment #31

    hadrian i think thats the same group that contacted martins to appear in the t2 video


    Sep 21, 2008 at 8:19 PM

    Comment #32

    were has this story come from doz any 1 no ? bet its some sad makam twat makeing it up

  • daiv

    Sep 21, 2008 at 8:20 PM

    Comment #33

    Nigerians buying the Toon and some of you are even welcoming the deal!!!!! Says it all really. If MA hasn’t got his 480mil by Xmas and we still have no manager by then or new owner, we will be bottom. mass exodus of players in January. And we are GOING DOWN. Still, as many of you said repeatedly in the last year, MA is restructuring the club brilliantly.


    Sep 21, 2008 at 8:22 PM

    Comment #34

    @ magsie thats a bit strong nigeria have quite a few rich buissness men the place has oil fields for god sake

  • ed_speed

    Sep 21, 2008 at 8:22 PM

    Comment #35

    continiuing the holiday theme from the past thread, aquia blava is a really nice place for a relaxing holiday in the sun, with a pool and tennis courts and stuff. reli nice staff, especcially the one called pepe if any of you have been?


  • Obafemi Martins

    Sep 21, 2008 at 8:23 PM

    Comment #36

    Nigeria has got a lot of oil money, and has paid off all of it’s historical loans to other countries (wikipedia ‘Paris Club’).

    Could be some very wealthy individuals there… it’s kind of come out of left field though!

    Don’t assume Nigeria is a poor country rife with gun crime, I’ve never been there myself like, but anything is better than the COCKney mafia

  • Johnboy

    Sep 21, 2008 at 8:26 PM

    Comment #37

    Anyone else get the feeling Mike Ashley doesn’t really want to sell???

  • daiv

    Sep 21, 2008 at 8:28 PM

    Comment #38

    MA is a Spud supporter and now hates NUFC. He will do his damdest to get the best deal for himself and the worst for Newcastle. That means he will sell to somebody who pays a decent price to him but has no money left for the club. 350 mil from Arabs or 350 mil from Nigerians? He will sell to the Nigerians. We are knackered.

  • Kev

    Sep 21, 2008 at 8:30 PM

    Comment #39

    So a London based company that represented Oba Martins is looking to buy Newcastle… this has Bullsh*t written all over it.



    Sep 21, 2008 at 8:30 PM

    Comment #40

    Hi Daiv, Havn’t heard from you in a while!! were you been hiding??

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