NVA May Issue Statement Today About Buying Newcastle


The Nigerian consortium, who are said to want to buy Newcastle United, and fronted by Chris Nathaniel of NVA Management, are due to release some statement today about the status of their plans.

However, only yesterday, the CEO of Pamodzi Marketing, Mike Itemuagbor, wonders if the Nigerian consortium is nothing more than a massive scam.

NVA of course is backed by a number of as yet unnamed Nigerian businessmen, and is said to have various links with investors in China and America, with the group even suggesting their takeover of the English Premier League club could be completed this weekend, which seems dubious at best.

Mike Itemuagbor said yesterday:

“Who are these oil barons that they are talking about? Who is the man fronting for them? Is there truth in the stories they are feeding us with? Why are they reluctant to name the so called oil barons?”

Itemuagbor seems skeptical of NVA’s motives and believes the takeover looks like fraud:

“The business of marketing sports is an uphill task in Africa especially in Nigeria where sponsorship is not in our culture,”

“It will be more difficult if they begin to cast credibility posers on our shores. I say this because everything about this bid by Nigerians to buy Newcastle has fraudulent tendencies. They said that they have raised £350M and now looking for £50m to £100m  to meet Mike Ashley’s price. We know how fraud happens here.”

“They will now contact people to contribute and be part owners. They will push out flowery things that can deceive many minds and before you know it, they would have made so much money and would still not buy Newcastle because I doubt if they have raised the £350M that they are boasting to have gathered. We know how these people operate.”

“I fear it is a clear case of 419 (Advance Fee Fraud). If it is not, let them name those involved and let us know their antecedents. We have credibility problem here because it will affect our drive in seeking sponsorship for our events. That’s why I’m interested. It is for our national interest that we are asking questions about these Nigerians. I fear that fraud is in the air and people should be warned.”

But with the sale of Newcastle being so out front and well publicized, how could this be fraud, with no chance of getting away with it?

Well stranger things have happened, so we’ll just have to wait to see if any statement is issued today from NVA Management.

But of course a fraudulent bid that has legs, is the very last thing we want at the club, after everything that’s already happened.

Comments welcome.



You can share this articleShare on FacebookShare on Google+Tweet about this on TwitterEmail this to someonePin on PinterestDigg thisShare on LinkedInShare on RedditShare on Tumblr

73 comments so far

  • Isaac Hunt

    Sep 26, 2008 at 11:00 AM

    Comment #1

    Fenwick’s window here I come

    0
  • Will

    Sep 26, 2008 at 11:00 AM

    Comment #2

    WOW

    0
  • rooks

    Sep 26, 2008 at 11:04 AM

    Comment #3

    whose Mike Itemuagbor CEO of Pamodzi Marketing when he’s at home ? can HE be trusted? Who knows he might just be trying to chuck a spanner in the works.

    (sorry Mike if youre reading this – and if you are, get back to work !)

    0
  • Irish John

    Sep 26, 2008 at 11:05 AM

    Comment #4

    Do we really want to be taking over by Nigerians ( no offence)…Its one off the most corrupt nations in the world so anyone with a but off wealth there would surley been involved with something …

    I even kind off feel a bit guilty that we would be taking that amount off money out off there country….

    I’m still hoping for Ambani..That would be ace…

    0
  • Punk Skunk

    Sep 26, 2008 at 11:05 AM

    Comment #5

    Here we go…
    …Whooooooooooooooooaaaaaaaaaaaaahhhh!..

    0
  • selly no skill

    Sep 26, 2008 at 11:09 AM

    Comment #6

    bloody sick of all this crap lads.soul destroying,gut wrenching.dreading playing blackburn.and thats from a fan.imagine how the players feel.the club is on the ropes.cant blame venables for turning us down and dont know whether he would have been well received anyway given some comments on here.his reasons were good and honest.eveyones hinging the future of the club on a miracle billionaire buyout and a keegan return,.keegans a quitter,always has been and even if he does come back ,how long before he walks again and we are back in turmoil?6 months i reckon.love the bloke,but this club needs serious stability,or we wont have one.

    0
  • Rich

    Sep 26, 2008 at 11:10 AM

    Comment #8

    its a worry… not because it may be a fraud because then the deal won’t go through –

    but what if the deal does go through and these people turn out to be the crooks they might well be. We’d then be really up the creek.

    0
  • Irish John

    Sep 26, 2008 at 11:12 AM

    Comment #9

    in case the link does’nt work for whatever reason

    Four Nigerian tycoons are finalising a bid to buy Premier League club Newcastle United and could ask fans’ hero Kevin Keegan to return as manager if they succeed, the businessman leading the bid told Reuters.

    Newcastle United owner Mike Ashley put the team up for sale two weeks ago, having fallen foul of the fans after Keegan resigned saying he did not have full control over the buying and selling of players.

    Chris Nathaniel, a London-based businessman who runs football and entertainment consultancy NVA Management, said four Nigerian entrepreneurs were ready to put up the cash to buy the club and that their bid was being finalised.

    “We’re at the stage now where our end are doing the relevant security checks on the individuals who have the money,” Nathaniel, who is coordinating the bid, told Reuters.

    “We have a lawyer here who is doing those checks before finally submitting a bid to Newcastle,” he said by telephone.

    Nigerian media reports have said the consortium – whose members remain a closely guarded secret – have come up with £350m so far but want to find an additional £100-150m to secure the deal.

    Nathaniel said that until the British lawyers had finalised their checks and drawn up the paperwork, it was difficult to say exactly how much money had been put forward.

    “We don’t know is the honest answer. We’re not going to know that until it’s lodged with the lawyers here,” he said.

    “I’ve been told the money is there in Nigeria but I need to see evidence of it here before we can present it to the club.”

    Ashley completed his £134m takeover of Newcastle in July, 2007, but his relationship with the fans has deteriorated rapidly since Keegan’s sudden exit on 4 September, just eight months after returning for a second spell as manager.

    “Kevin’s a legend on Tyneside and I think anybody looking to buy that football club would not be very smart if they didn’t have Kevin involved in some capacity, that’s if Kevin wants to come back,” Nathaniel said.

    “If I was advising anyone that was buying the club I would certainly suggest Kevin would be the right man for the job,” he said, adding he had not yet contacted Keegan about returning.

    Nathaniel, one of whose parents is Nigerian, said the idea of a Nigerian bid for an English club came during a trip to the soccer-mad West African country this year with Manchester United defender Rio Ferdinand, one of NVA Management’s clients.

    “We met a few characters, individuals, and said to them it’d be good to get a Nigerian team buying a football club. We were talking about doing matches out in Nigeria, various other conversations came out of it, and one of them was to buy a football club,” he said.

    “When it became clear that Newcastle was up for sale, that’s when I suggested it to them, and they said fantastic idea, we’ll go and raise the money.”

    Nathaniel said he hoped the deal could create opportunities for young talent in Africa’s most populous nation by using one of the local teams as a feeder club to Newcastle. Owning a Premier League club would also be a huge status symbol.

    “It’s a chance for Nigerians to do an Abramovich,” said one Lagos-based banker, referring to high-profile Chelsea owner and Russian billionaire Roman Abramovich.

    Nathaniel said the businessmen involved had requested anonymity until the deal went through.

    “They’re used to whatever they go for they get, and they don’t want to be seen as failing in their country if they don’t manage to secure this deal,” he said.

    0
  • HATE PRAWN SANDWICHES

    Sep 26, 2008 at 11:12 AM

    Comment #10

    Are we going to be jumping out of a fire into an inferno? but beggars can’t be choosers!

    0
  • hitman

    Sep 26, 2008 at 11:13 AM

    Comment #11

    i dont trust these nigerians me like

    0
  • ToonEskimo

    Sep 26, 2008 at 11:16 AM

    Comment #12

    Could well be true though, I won £10 grand on the Nigerian happy smiles lottery, which was kind of odd as I’d never even heard of it, anyway I sent a paypal payment for £100 to cover admin costs and now I’m just waiting for my big fat cheque…..
    I love Nigeria…..wooo wooo…..

    0
  • pliskin

    Sep 26, 2008 at 11:16 AM

    Comment #13

    what exactly business are these nigeria doing?
    wonder why they have so much money… 😐

    0
  • Stevo

    Sep 26, 2008 at 11:17 AM

    Comment #15

    I think the whole Nigerian takeover is dodgy…….don’t trust em at all……they wont even give names of the ‘oil barons’….is this the way they will run the club if they do buy out?

    0
  • Ageordiedoonsooth

    Sep 26, 2008 at 11:18 AM

    Comment #16

    I just wish that we hada stable club without all this crap flying around and p*ss taking by the southern press. I have supported NUFC since 1955 and aprt from a few years supporting this club has been like watching a very poor soap opera. We really are a laughing stock.

    0
  • Fat_Robbo

    Sep 26, 2008 at 11:20 AM

    Comment #17

    Is a group apparently struggling to raise the money good enough anyway. Ashley could afford to buy the club quite easily but then would not fund transfers. If these guys can buy the club I don’t think the signs are good that they can fund the sort of transfers we need. And the deal may be a scam anyway.

    0
  • HATE PRAWN SANDWICHES

    Sep 26, 2008 at 11:25 AM

    Comment #18

    IMO to dodgy! but the problem comes Ashley is only interested in the highest bidder! money thats all that counts!!

    ‘Newcastle takeover fraudulent’
    The CEO of Pamodzi Marketing, Mike Itemuagbor, fears the Nigerian consortium behind the proposed Newcastle takeover could be a massive scam.

    Pamodzi have a vested interest in the much-publicised bid as they are the marketers for the Nigerian Football Federation. Itemuagbor is therefore concerned that a failed bid by NVA management could have an adverse effect on Nigeria’s global image.

    NVA is backed by a number of as yet unnamed Nigerian businessman and reportedly has links to investors in China and America with the group hoping to complete their takeover of the English Premier League outfit by the weekend.

    A spokesman for the group, leading English-based agent Chris Nathaniel, confirmed that they hoped they could soon make an announcement about a possible deal.

    “All I can say is that we have made contact with Newcastle,” Nathaniel told Sky Sports News.

    Yet Itemuagbor is highly suspicious of the NVA’s imminent acquisition of the Tyneside club.

    He told The Vanguard: “Who are these oil barons that they are talking about? Who is the man fronting for them? Is there truth in the stories they are feeding us with? Why are they reluctant to name the so called oil barons?”

    With Nigeria’s reputation for corruption, Pamodzi face a difficult challenge in marketing football in the country. Itemuagbor is sceptical of NVA’s motives and believes that the so-called takeover has all the hallmarks of ‘advanced fraud’.

    “The business of marketing sports is an uphill task in Africa especially in Nigeria where sponsorship is not in our culture,” he explained.

    It will be more difficult if they begin to cast credibility posers on our shores. I say this because everything about this bid by Nigerians to buy Newcastle has fraudulent tendencies. They said that they have raised 350m pounds and now looking for 50m to 100m pounds to meet Mike Ashley’s price. We know how fraud happens here.

    “They will now contact people to contribute and be part owners. They will push out flowery things that can deceive many minds and before you know it, they would have made so much money and would still not buy Newcastle because I doubt if they have raised the 350m that they are boasting to have gathered. We know how these people operate.

    “I fear it is a clear case of 419 (Advance Fee Fraud). If it is not, let them name those involved and let us know their antecedents. We have credibility problem here because it will affect our drive in seeking sponsorship for our events. That’s why I’m interested. It is for our national interest that we are asking questions about these Nigerians. I fear that fraud is in the air and people should be warned.”

    Newcastle have lurched from crisis to crisis in recent seasons and have struggled in the Premier League this term. Current owner Mike Ashley faces an untenable situation as the notoriously fickle Toon fans turned against him after he sacked club icon Kevin Keegan as manager.

    The Nigerian consortium have curried favour with the Newcastle faithful and promised to re-appoint Keegan should their takeover be successful, but it is probably in the Toon’s best interest to heed Itemuagbor’s warning.

    0
  • broon ale

    Sep 26, 2008 at 11:26 AM

    Comment #19

    wake me up in 2 months and hopefully by that time we will have moved on from this..
    it feels like time has stood still since keegan left.

    we are all in a daze, the city is depressed!

    i am depressed!

    i even went soft on wor lass for the first time ever due to the stress this club has caused me.

    0
  • ToonEskimo

    Sep 26, 2008 at 11:28 AM

    Comment #20

    O.k sorted, I’ve just come off the phone to Chris Nathaniel and have the names of the four oil barrons, it appears they are related, two brothers a father and the father in law.
    Jock Ewingo
    JR Ewingo
    Bobby Ewingo
    Cliff Barnesougo
    I’ll google these dudes, hmmn names sound kinda familiar…

    0
  • 9 Shearer

    Sep 26, 2008 at 11:30 AM

    Comment #21

    Guys lets give them a try we have no choice. arent you guys tired of black september. I want something new.
    THE Nigerians
    KK back
    75m for January
    Players back from injury

    0
  • ToonEskimo

    Sep 26, 2008 at 11:31 AM

    Comment #22

    0/4

    0
  • bowburnmag

    Sep 26, 2008 at 11:33 AM

    Comment #23

    Anybody else feel more disinterested than interested at the minute? It seems like most rumours lead to more false dawns and further national ridicule. I feel like I’ve properly had the stuffing knocked out of me. Even the Mackems at work are going easy because we’re such easy targets. They feel sorry for us. I mean for frig’s sake……

    0
  • broon ale

    Sep 26, 2008 at 11:35 AM

    Comment #24

    there is better things to look at on the net than talking about newcastle’s endless drama’s!

    frankie vaughan!

    0
  • ToonEskimo

    Sep 26, 2008 at 11:40 AM

    Comment #25

    broon ale links? 🙂

    0
  • Charlie

    Sep 26, 2008 at 11:43 AM

    Comment #26

    I think its great news! Do you know how many scams these guys run on the net and how much they make??

    Seriously though the thing that bothers me is that I have read quotes of a 50 million warchest but if thats true why do they need someone to stump up the final 100 mill.

    0
  • 9 Shearer

    Sep 26, 2008 at 11:47 AM

    Comment #27

    If these guys are ready to buy NUFC for that much then they are not doing it for profits, they are doing it for their country, pride and young nigerians.

    0
  • broon ale

    Sep 26, 2008 at 11:48 AM

    Comment #28
  • ToonEskimo

    Sep 26, 2008 at 11:49 AM

    Comment #29

    Cheers, I’ll just nip oot and get some bog roll….

    0
  • broon ale

    Sep 26, 2008 at 11:51 AM

    Comment #30

    🙂 donnay sock will do the job.. not the ones from sports soccer though!

    that would be like cracking one off into mike ashleys hands!

    0
  • ToonEskimo

    Sep 26, 2008 at 11:52 AM

    Comment #31

    🙂

    0
  • jonez

    Sep 26, 2008 at 11:54 AM

    Comment #32

    what did this guy mean?
    how is the fraud working?
    i just don’t understand cause by english ain’t good
    please tell me!
    🙂
    appreciate that

    0
  • gorskino10

    Sep 26, 2008 at 11:55 AM

    Comment #33

    Ashley is a fat sod why is he asking that price were 2nd bottom we are no WAY worth 250/300 let alone 500 you can really see his motives which was TO MAKE money from our club.
    But then if there is problems with these unnamed people we could be in trouble again as these people aint known meaning lots of different high powered people is worse than one guy with alot of money.

    0
  • Tom_Toon

    Sep 26, 2008 at 11:55 AM

    Comment #34

    ….

    0
  • Kev

    Sep 26, 2008 at 11:56 AM

    Comment #35

    Details of the NVA offer have been leaked:-

    From: Prince Chris Nathaniel

    Dear My Most Best Sincerity Friends,

    I am fine today and how are you? I hope this letter will find you in the best of health. I am Prince Chris Nathaniel, the Chairman of the “Contract Award Committee”, of the “NVA Management (NVA)”, a subsidiary of the Nigerian National Petroleum Corporation (NNPC). NVA Management (NVA) was set up by the late Head of State, General Sani Abacha who died on 18th June 1998, to manage the excess revenue accruing from the sales of Petroleum and its allied products as a domestic increase in the petroleum products to develop the communities in the Niger Delta Oil producing areas. The estimated annual revenue for 1999 was $45 Billion US Dollars Ref. FMF A26 Unit 3B Paragraph “D” of the Auditor General of the Federal Republic of Nigeria Report of Nov. 1999 on estimated revenue.

    I am the Chairman of the Contract Award Committee, and my committee is solely responsible for awaiting and paying of contracts on behalf of the Federal Government of Nigeria. My Committee awarded Contracts to foreign contractors for Drilling and Ecological Matters in the oil producing areas of Niger Delta. We are now in expansion to Premiership League football and are in heavy negotiations for the biggest team in all of Tyneside called Newcastle United. We overshot the contract sum by £13,485,000.00. We have paid His Excellency Mike Ashley of Buckinghamshire £400million and withholding the balance of £13,485,000.00. But, because of the existence of some of the domestic laws forbidding civil servants in Nigeria from opening, operating and maintaining foreign accounts, we do not have the expertise to transfer this balance of fund to a foreign account.

    However, this balance of £13,485,000.00 has been secured in form of Credit/Payment to a foreign contractor, hence we wish to transfer into every Newcastle supporter bank account as the beneficiary of the fund. We have also arrived at a conclusion that you will be given 20% of the total sum transferred as our foreign partner, while 5% will be reserved for incidental expenses that both parties will incur in the course of actualizing this transaction, and the balance of 75% will be kept for the committee members. This balance will be paying to every Newcastle supporter who helps us complete the transaction.

    If you know that you will be capable of helping us actualize this transaction, you should send to me immediately the details of your bank particulars or open a new bank account where we can transfer the money £13,485,000.00, which you will be holding in trust for us until we come to your country for our share. Your nature of business does not matter in this transaction. The required details includes your company’s name, address, your private personal telephone/fax numbers, your full name and address, including your complete bank details where the transferred fund will be routed by the Apex Bank.

    Note that this transaction is expected to be actualized within 21 working days from the day the required details are forwarded to the Federal Ministry of Finance who will approve the needed foreign exchange control allocation for the release of this money to your account. Please, treat this as top secret. You should contact me urgently.

    Thanks for your cooperation.

    Yours faithfully,
    Prince Chris Nathaniel

    0
  • ToonKing

    Sep 26, 2008 at 12:02 PM

    Comment #36

    bowburnmag, same here mate, i just don’t give a flying f*ck right now, i just pray we’ll be in the league next year..

    0
  • Gordon

    Sep 26, 2008 at 12:06 PM

    Comment #37

    To be honest I’m not worried about fraud (in terms of the buy-out anyway). I don’t think they could pull off a deal of this nature without having legitimate funds and the correct legal safeguards in place.

    I guess the worry is the ‘unknown’ aspect of how these unnamed (at the moment) Nigerians would stack up as club owners.

    0
  • Frankieboy

    Sep 26, 2008 at 12:11 PM

    Comment #38

    Not convinved here it will be good for the club but if it happens hope I’m wrong

    0
  • Paul

    Sep 26, 2008 at 12:11 PM

    Comment #39

    Fraud, corruption, instability, gangsterism, violence and death just about sums up the Nigerian oil industry. As a Geordie, I would be deeply ashamed if NUFC were taken over by corrupt Nigerian oil gangsters. It goes beyond football, we would be getting involved in something that would be truly shameful.

    0
  • rooks

    Sep 26, 2008 at 12:18 PM

    Comment #40

    Toon Eskimo,

    those names are from the famous Nigerian soap opera Dallaso.

    Hopefully we’ll all wake up in a few weeks time and realise this was all a bad dream.

    0

You must log in to post a comment.