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 KickOffNigeria.com 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.