South African Consortium Could Be Richemont

One of our South African readers today has commented on the story of the buyout of a South African consortium, and they believe they know who the consortium is.

Johann Rupert – Anton’s son now runs Richemont

One of our readers, based in South Africa – Boktoon – has commented:

“I have lived in Johannesburg for last 15 years – I think this SA company could be Richemont – seems to fit the company business model.”

“They revamp brands and London based Johann Rupert is the head of the Rupert family and is worth $3.3B.”

In today’s exchange rate that makes Johann Rupert worth around £1.79B.

The Rupert family is a well-known billionaire family from Stellenbosch, South Africa, and we list some information on them in this article, but bottom line is they look like a very well founded and good family, and have already done a lot of philanthropy work in their time.

Maybe it’s time to do some of that work for Newcastle United.

From what we can tell, they would be terrific owners of the Newcastle United club – so we are now hoping this story is true, but yes it’s the NOTW we know.

Here’s some background on the Rupert family:

Anton Rupert (4 October 1916 – 18 January 2006) founded the family businesses. He and his wife Huberte Rupert (– 28 October 2005) moved to a home in Thibault Street on the northern banks of the Eerste River in the 1950s.  Anton and Huberte had three children: Johann, Antonij and Hanneli. The boys attended Paul Roos Gymnasium, while Hanneli went to Bloemhof Girl’s High.

Anton and Huberte were considered philanthropists, supporting a number of projects for the preservation of the arts. The Rupert family is listed on the Forbes list of the 500 wealthiest worldwide, with a net worth of $3.3B..

Here is a short bio on Johann Rupert, Executive Chairman, South African, age 57

Mr Rupert was appointed to the Board in 1988 and has served as Executive Chairman of Compagnie Financière Richemont SA since 2002. He is Chairman of the Nominations Committee and of the Strategic Product and Communication Committee.

Mr Rupert studied economics and company law at the University of Stellenbosch, South Africa and has had an extensive career in international business, banking and finance. After working for the Chase Manhattan Bank and Lazard Frères in New York he founded Rand Merchant Bank in 1979.

In 1985 he joined the Rembrandt Group. Three years later he founded Richemont and became Group Chief Executive. Appointed as Executive Chairman in September 2002, he served as Group Chief Executive Officer during the period from October 2003 to September 2004. He is Non-Executive Chairman of Remgro Limited and of VenFin Limited and the Managing Partner of Compagnie Financière Rupert.

The University of Stellenbosch awarded him an honorary doctorate in Economics in 2004. In 2006 he was appointed as Chairman of the Peace Parks Foundation. He has been a Trustee of the Nelson Mandela Children’s Foundation since its inception.

163 comments so far


    Sep 28, 2008 at 12:46 PM

    Comment #1

    so they havn’t really got much more that Ashley?

  • Dave

    Sep 28, 2008 at 12:47 PM

    Comment #2

    they may not have more than ashley but THEY ARN’T ASHLEY – thats the good bit

  • Nick

    Sep 28, 2008 at 12:51 PM

    Comment #3

    well done Ed,

    They wanted discretion and low profile till it was a done deal!!! Don’t become the new Alan Oliver please.

  • Danny

    Sep 28, 2008 at 12:53 PM

    Comment #4

    They have a BILLION more than Ashley currently has, and as long as the club is run right, and we get a decent amount in each transferwindow to work with, ANYTHING is better than Fat Mike!!
    Besides, they are a growing company and are expanding, as MA is gambling away his money, and earned in a good businiss deal…

  • ashingtoon

    Sep 28, 2008 at 12:54 PM

    Comment #5

    Regardless of who comes in, I think we the fans have a responsibilty to give them time to rebuild. Ashley only had 18 months, and yes he made mistakes, but we must be patient otherwise this will all happen again and again.

  • valle

    Sep 28, 2008 at 12:55 PM

    Comment #6

    Nah, any club taking us over will need to have serious financial muscle if we are to survive… Eveyone around the club from the coming manager to the fans needs the boost it brings and KK will want it if he is come.

  • Danny

    Sep 28, 2008 at 12:55 PM

    Comment #7

    They have a BILLION more than Ashley currently has, and as long as the club is run right, and we get a decent amount in each transfer window to work with, ANYTHING is better than Fat Mike!!
    Besides, they are a growing company and are expanding, as MA is gambling away his money, and he earned 500 mill of his fortune in a single good businiss deal… His income is nowhere near is expenses with the club…

    (Cant edit, so write it again, correcting myself)

  • Punk Skunk

    Sep 28, 2008 at 12:59 PM

    Comment #8

    Thought it was $3.3 m…That’s about the same as MA!..

  • Toon_Phil

    Sep 28, 2008 at 12:59 PM

    Comment #9

    £1.79B 🙁

    Abramovich has £23B

    Man citys consortium has over £50B (not 500 like people say cause that is bull!)

    That money cant get us in the top 5 unless there willing to use it to match chelsea and man citys spending power.

  • Charlie

    Sep 28, 2008 at 1:01 PM

    Comment #10

    At the very least when he goes the club will have less crap players and more room for good ones. Hopefully the new managers realise this.

    Its about quality not quantity but at this point we need some good squad players

  • sirjasontoon

    Sep 28, 2008 at 1:04 PM

    Comment #11

    They suck…we need them billion-indian boys..pointless selling to small fry as we will not move forwards…non of these other consortiums float my boat they all sound skint.

    At least 100m on players in Jan is a minimum and a good clear out of all the crap we currently have on our books…almost everyone basically as non of them have any fight in them.

    Look at hull yeaterday no big names just me that want to fight with a bit of pride..we couldn’t beat any of the top 4 even on our patch never mind away.

  • Toon_Phil

    Sep 28, 2008 at 1:08 PM

    Comment #12

    Sirjasontoon is right, the new owners need to be willing to spend what ever it takes!

    The only players i would keep are Given, Beye, Coloccini, Gutierrez, Guthrie and Owen.

    The rest can be replaced with better quality (as can Guthrie but he can be on the bench!)

  • murvar

    Sep 28, 2008 at 1:14 PM

    Comment #13

    Good work Boktoon and Ed. What kind of a football world are we occupying here when we want squillionnaires to buy success? I don’t want to do a Chelsea – just run the club well, buy sensibly, develop local youngsters and the best of British talent and play a brand of football that interests and excites the crowd. Of course I want us to compete at the top level but not by selling our soul.

  • sirjasontoon

    Sep 28, 2008 at 1:14 PM

    Comment #14

    Well said Toon Phil…the current crop have no fight or respect and players like ameobi,taylor,smith should either be sold or have contracts terminated..they are only there cos we are stupid enough to pay the silly wages and nobody else will.

    The club needs a massive clear out from the top to the bottom and the hangers on need to be axed pronto.

  • Geordieboy

    Sep 28, 2008 at 1:15 PM

    Comment #15

    Toon Phil, What about Charlie N’ Zog?????

  • jjoz

    Sep 28, 2008 at 1:16 PM

    Comment #16

    not rich enough imo.
    If they pay 400 mil just to buy us, it will cost them 20% of thier fortunes already!
    The NVA management seems richer but i doubt thier intention.
    They went public and tell the world what theY wanna do next like raising money.
    This is not how a buniess done
    Maybe it is mike ashley’s idea to boost the price up
    Anyone agree?

  • sirjasontoon

    Sep 28, 2008 at 1:16 PM

    Comment #17

    Murvar…football has no soul unless you are still watching 70’s re-runs of the Big match on ITV fella.

    Football and its weary old soul where sold down the river many years ago my friend.


    Sep 28, 2008 at 1:17 PM

    Comment #18

    yes we need stabilization the problem comes with that is, we will not get stable if the consortium or individual businessmen aren’t wealthy enough! this is due to the way the premiership is going!! more and more billionaires are becoming more interested in this league! and there are certainly more reasonably priced clubs in the premier league! we have to get the right owner in, in the first place!! and certainly not another Ashley! if that is possible?
    The way the premier league is going bigger and bigger investors, Newcastle united always in the press and publicity has that not helped to increase the speed of eventually the whole league being owned by extremely wealthy consortium’s or individuals?

  • Punk Skunk

    Sep 28, 2008 at 1:18 PM

    Comment #19

    Yea, let’s sell the whole team bar 5…Please let’s keep it sensible!..
    …A new set up will change things…
    …But i do take your point about some players havin’ no guts!..

  • ToonRich

    Sep 28, 2008 at 1:24 PM

    Comment #20

    Looks like there are many pro’s and cons to selling to a consortium, obviously the main one being we can get rid of MA once and for all!!

    I was just thinking, about a possible return of KK…it would bring the feel good factor back to the club, BUT even if he’s given the huge financial backing he needs whats the bets he’ll keep the deadwood that a lot of the fans what rid of; Smith, Duff, Cacapa, Barton(maybe?), Strolla…
    Perhaps it is time a new owner looks forward and brings in someone that can motivate like KK but also has the right vision for players we want here.

  • Onepeterb

    Sep 28, 2008 at 1:32 PM

    Comment #21

    If you think any off these owners actually put their hands in their ckets you’re living in cloud cuckoo land. All they do is guarantee the club’s debt. Something that MA was unwilling to do. Maybe he had good reason maybe not

  • Onepeterb

    Sep 28, 2008 at 1:34 PM

    Comment #22

    * pockets


    Sep 28, 2008 at 1:40 PM

    Comment #23

    look everyone its askleys club and he will sell too whoever pays the most end of!whatever we say on here makes no difference as he will do what HE wants not what we want

  • reillers

    Sep 28, 2008 at 1:46 PM

    Comment #24

    We need good honest lads. We’re being greedy here now at the minute.
    What we have now is an egotistical, rich, greedy, power hungry man.
    What we, well, what I want, is a good honest hard working owner who wants to buy Newcastle for the right reasons, with a decent bit of money, who will bring in the right manager, be it Keegan or someone else, and let him call the shots on everything concerning the players.

    Now saying that we don’t want him because he’s got a less billions then Abramavich is pathetic. We can’t pick and choose here because we don’t have the luxury of that. The fact that someone wants to buy us our from underneath Ashley is a step forwards in my opinion and it’s a wee bit snobbish, ungrateful and greedy of us to be counting his money, to see if he’s enough.

  • Paul

    Sep 28, 2008 at 1:47 PM

    Comment #25

    13 murvar // Sep 28, 2008 at 13:14

    Good work Boktoon and Ed. What kind of a football world are we occupying here when we want squillionnaires to buy success? I don’t want to do a Chelsea – just run the club well, buy sensibly, develop local youngsters and the best of British talent and play a brand of football that interests and excites the crowd. Of course I want us to compete at the top level but not by selling our soul.

    I TOTALLY AGREE. Arsenal have made themselves as a great club as Newcastle are without the billions from new owners. Yes Chelsea are a good club they win loads, but are they actually a great club? Chelsea will never be the likes of Newcastle and Arsenal. Can’t buy greatness!!!

  • Ganiyu

    Sep 28, 2008 at 1:52 PM

    Comment #26

    Keep piling the pressure pompy

  • Ganiyu

    Sep 28, 2008 at 1:59 PM

    Comment #27

    Is there any way Nufc swaps defo for smith and shola?

  • Toon_Phil

    Sep 28, 2008 at 2:01 PM

    Comment #28

    Geordieboy, N’Zogbia has gone backwards over the past 2 seasons, he looked a really good prospect and he now looks average.

    He cant keep ahold of the ball, trys too much skill, someone like Arsene Wenger would do wonders with him though.

  • Sav

    Sep 28, 2008 at 2:04 PM

    Comment #29

    Remember Ashley intends to walk off with out TV millions and season ticket sales AS WELL AS the extra 100 million profit he (|reportedly) hopes to get from the next buyer.

    Yet had he given KK 25-30 million to spend in the summer we’d have had none of this mess we’re in today. Ashley is not only a tight-wad gambler but he’s a fool who surrounds himself with hangers-on. When Mort left, he had no-one to give him sound advice. With the decent start we’d made and 4 extra decent players he’d now be in a great position to sell at his leisure, with no adverse publicity for him or the club, still prospect of a European place and a management structure in place.

    The man is an idiot.
    At least Rupert the Boer obviously isn’t.

  • Sav

    Sep 28, 2008 at 2:06 PM

    Comment #30

    That should be ‘walk off with OUR TV millions’ Woops!

  • Ganiyu

    Sep 28, 2008 at 2:07 PM

    Comment #31

    Goal defo scores.spurs rock bottom

  • AndyNUFC

    Sep 28, 2008 at 2:14 PM

    Comment #32

    Think of it this way; Ashley has/had round about the same amount, however, he has a lavish, party lifestyle, and poor business sense of how to run us. He also had to clear up a lot of debt which held him back from spending too much in the windows.

    These people, I think, will spend atleast £30million each window. Then again lads, why do we even need that much money to progress? Gutierrez for £3million says it all to me, we can get world class players for low prices.

    We don’t need that much more money, we need WISE/JIMINEZ/LAMBIAS/ASHLEY OUT.

    That’s the bottom line.

  • xfer

    Sep 28, 2008 at 2:18 PM

    Comment #33

    They arent Adu Dhabi – thats the bad bit.

  • Ganiyu

    Sep 28, 2008 at 2:22 PM

    Comment #34

    Spurs 20th

  • Toon_Phil

    Sep 28, 2008 at 2:26 PM

    Comment #35

    The best options are DIC and Ambani and his reliance communications group.

    But them two have denied interest so who ever we get, yes its an improvement on Ashley (well, hopefully – with the nigerians you never know) but improvement or not there is still Aston Villa, Man City and the Top 4 ahead of us unless we get serious cash in the transfer windows!


    Sep 28, 2008 at 2:28 PM

    Comment #36

    Andynufc – yes Iagree with wanting the ashley gang out! and having a new owner who wants the best for the club and the fans! but £30million even at the moment clubs struggle will struggle to get into the top 10! yes NUFC bought out jonas’s contract otherwise we would have been looking to pay excess of £8-10million for him! if he can do it once he can do it again! + there will be more and more billionaire investors wanting a peice of the premier league! we already have 6 -7 billionaire owners including our tight arse! we have also seen an increase in clubs such as everton, portsmouth, spurs etc looking to sell! Transfer kitties will get larger and larger, and the club who dont spend will get lower and lower!

  • Toon Graeme

    Sep 28, 2008 at 2:29 PM

    Comment #37

    Thanks Pompey – some good news for today.

    Lets look to Sunday and Everton away.

    Does anyone think we could win??

    Anyone know injury updates on the Dukes and Jonas. Guthrie will be back and think Bartons got another three matches on his ban.

    If anyone knows please let me know?


    Sep 28, 2008 at 2:37 PM

    Comment #38

    Newcastle United at long last seem to have a buyer. After Mike Ashley’s round-the-world trip, the suffering Tyneside club have now got an offer – from a Nigerian consortium.

    It has been reported that the interested party, with whom Ashley had earlier been in discussion, has put more than £200 million on the table.

    Chris Nathaniel, spokesperson for the consortium, said: “It’s up to Newcastle now — the consortium have put an offer in. We will still have to go through all the legal side of it and due diligence needs to be carried out.

    “These people know what they are doing and are very enthusiastic about Newcastle.”

    However, Ashley might not accept the offer. He wants at least £400 million for the club and his greed could ward the Nigerians off.

    Plus Freddy Shepherd is not coming back!

  • Ganiyu

    Sep 28, 2008 at 2:37 PM

    Comment #39

    Honestly i look at the wingers and the wing back cos they create more chamber in the pl

  • Xsico golden boot

    Sep 28, 2008 at 2:40 PM

    Comment #40

    I think this sounds good we need stability not sensationalism look at villa there model is a good one I think they could break top four in next 2 years they spend aprox 30-50mil a season without the gates and coverage we get this could really work I do not want to be a chealsea or mancity manure and liverpool do ok now that they have good squads as do villa

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