South Africans Bid £300M For Newcastle United


The BBC is reporting that it understand a South African consortium has made a bid in the region of £300M to buy Newcastle.

If that is true, and with the positive reaction to the group by Newcastle fans, that would presumably be an acceptable offer to Mike Ashley. It gives him £55M profit on his investment of £245M, which is just over 22%.

The South African group of five businessmen are also reported to be keen to bring back Kevin Keegan as manager, and the Evening Chronicle reported last night they would offer Keegan a 5% (5% – 10% was what the Chronicle actually reported) stake in the club.

If the deal goes through at £300M that’s £15M for Kevin – and twice that much if he is offered 10% of the club. Not too bad at all for what essentially is a signing-on fee. And if they are willing to give Kevin that personally, you’ve got to believe they will fund him big time in the transfer market.

As we reported this morning interim boss Joe Kinnear revealed today that Derek Llambias told him as many as eight consortiums had been in talks with owner Mike Ashley about buying the famously supported Newcastle United club.

The South African group must now be considered the front-runners and could be set to finalize a deal in weeks. The expectation is that some group will buy Newcastle before the end of October.

This has to be good news for both the club and the Newcastle fans, as this group seems to be very professional and want only the best for the faithful fans.

We would love this deal to go through – love it.

Comments welcome.



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347 comments so far

  • Gorman

    Oct 2, 2008 at 6:23 PM

    Comment #1

    1st

    0
  • Hugh Jorgan

    Oct 2, 2008 at 6:25 PM

    Comment #2

    Let´s hope we see some positive action and get ourselves out of this embarassing mess !

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  • neeraj

    Oct 2, 2008 at 6:25 PM

    Comment #3

    get the deal done and dusted

    pls don’t bring back KK…….

    0
  • Tom_Toon

    Oct 2, 2008 at 6:29 PM

    Comment #4

    What kind of idiots give a manager a 5% stake in a club.

    0
  • Kenneth

    Oct 2, 2008 at 6:32 PM

    Comment #5

    Get Avram Grant or Rijkard if they are intrested.

    0
  • Hadrian

    Oct 2, 2008 at 6:37 PM

    Comment #6

    its common practice for people tobe offered stakes in a business as an incentive .
    they may add that feature someday to football manager tom_toon and then you will be more comfrotable with it .

    time to welcome back keegan !

    0
  • Tom_Toon

    Oct 2, 2008 at 6:37 PM

    Comment #7

    ‘Hey bru, Meesta Kevin Keegin, we give you a 5% stake in the club mun, please manage us bru’.

    0
  • Ally

    Oct 2, 2008 at 6:37 PM

    Comment #8

    who knows the identity of these blokes and if so what is there combined wealth? is it enough to compete

    0
  • Barcode

    Oct 2, 2008 at 6:38 PM

    Comment #9

    On another forum Simon Clifford is supposed to be arrogant and a nasty bit of work.

    0
  • belfast toon

    Oct 2, 2008 at 6:38 PM

    Comment #10

    hear haer neeraj

    i want David Moyes

    Keegan back to steady the ship with Shearer as #2 to eventualy succeed

    Or just big al himself

    not nessisarily in that order but i can’t see any other alternitve with out a mass exudos come january

    0
  • Tom_Toon

    Oct 2, 2008 at 6:38 PM

    Comment #11

    Hadrian – Maybe, but ill never know because i wont ever and have never played it.

    Ino they do give people stakes in a company but 5% of £300mil is far too much.

    0
  • ToonEskimo

    Oct 2, 2008 at 6:39 PM

    Comment #12

    Does this mean we’ll get “car jackings” at the lights on Barracks Road?

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  • belfast toon

    Oct 2, 2008 at 6:40 PM

    Comment #13

    good article on tribal football about them

    0
  • Ally

    Oct 2, 2008 at 6:40 PM

    Comment #14

    ToonEskimo ha ha! good one

    0
  • Irish_Toon9

    Oct 2, 2008 at 6:42 PM

    Comment #15

    @Belfast toon..do you have a link?

    0
  • Toonboy

    Oct 2, 2008 at 6:43 PM

    Comment #16

    It sounds like the best deal of all of the groups trying to buy the toon,GET IT DONE

    0
  • Hadrian

    Oct 2, 2008 at 6:43 PM

    Comment #17

    Tom , that depends on the salary he’s offered if its to much or not .
    personally i think its a great idea , give’s kev a decent say on the direction of the club without having to cause arguments with the board to get them to show abit ambiton , lets face it , when he’s left us its always been because the board never matched the fans ambitions , and i class keegan as a newcastle fan .

    we will never get another manager why fights so hard for this club , its like having one of us in that position of power .

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  • Paul

    Oct 2, 2008 at 6:44 PM

    Comment #18

    A more specific figure of £280 million has been quoted, and they haven’t spoken to Keegan at all yet. Personally I can’t beleive that would be stupid enough to want the silver haired time bomb back, expecially not with 5% of the club! That would present complications anyway as Keegan is currently suing NUFC for the £8 million compo he believes he is owed for walking out.

    0
  • Tom_Toon

    Oct 2, 2008 at 6:44 PM

    Comment #19

    another point:

    Keegan stay away!

    0
  • Shot Bru!

    Oct 2, 2008 at 6:44 PM

    Comment #20

    Great stuff tom toon bru! By the way never trust an afrikaaner in business, which Johann Rupert is, if he is involved in this takeover at all, which i doubt it.

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  • Ally

    Oct 2, 2008 at 6:45 PM

    Comment #21

    who knows there combined wealth?

    0
  • Tom_Toon

    Oct 2, 2008 at 6:45 PM

    Comment #22

    Keegan isn’t the Yorkshire Ripper but the Yorkshire Quitter.

    The man runs more than Paul Radcliffe.

    0
  • belfast toon

    Oct 2, 2008 at 6:46 PM

    Comment #23

    http://www.newsnow.co.uk/A/302768621sp?-11058

    sounds good boys steven carr coming back was rock botom so the only way is up

    0
  • Mag1Pie

    Oct 2, 2008 at 6:46 PM

    Comment #24

    Bring in Rijkaard…closest manager to Wenger in terms of palying style!!!

    0
  • GrhBell

    Oct 2, 2008 at 6:47 PM

    Comment #25

    Just hope a deal goes through sooner rather than later for the good of the club, and then we can concentrate on climbing the table.

    0
  • jonas the legEND

    Oct 2, 2008 at 6:47 PM

    Comment #26

    SHEARER WE WILL BE UNBEATABLE

    SHEARER SHEARER

    0
  • Tom_Toon

    Oct 2, 2008 at 6:48 PM

    Comment #27

    Shearer is an idiot, he wants te job so he should go manage in the lower leagues first.

    I hope these Sewf Efrikans are logical enough to see past Silver Surfer, Quitter Keegan.

    0
  • neeraj

    Oct 2, 2008 at 6:50 PM

    Comment #28

    zico or terim

    experienced, great tactician and motivators

    atleast they are interested…..

    0
  • HAMMY14

    Oct 2, 2008 at 6:50 PM

    Comment #29

    REALLY HOPING THIS LADS BUY US. ITS GOT TO BE THE BEST SOUNDING POTENTAL BUYER THAT HAS BEEN REPORTED SO FAR.

    0
  • Paul

    Oct 2, 2008 at 6:52 PM

    Comment #30

    Tom Toon, when has Shearer ever said that he wanted the job?

    0
  • ToonEskimo

    Oct 2, 2008 at 6:52 PM

    Comment #31

    Tom_Toon,
    I’d heard that KK had been promised a £2million signing on fee with Ashley and that he would have walked as soon as Wise came on board but that the £2mil hadn’t been deposited in his account so he had to sit tight til he got his money, apparently he owed a fortune on his soccer circus and couldn’t afford to just quit.
    Not the greatest idea really an englishman setting up a soccer school in Scotland….

    0
  • belfast toon

    Oct 2, 2008 at 6:53 PM

    Comment #32

    the reason i want keegan or shearer is so the get time we have had more coaches than trans link

    “shearers an idiot”

    “how very dare you”

    0
  • belfast toon

    Oct 2, 2008 at 6:55 PM

    Comment #33

    sound good hammy theese guys have my vote

    0
  • k k forever

    Oct 2, 2008 at 6:56 PM

    Comment #34

    neeja u pr1ck TOM TOON ur worse than the yorkshire ripper and jack the ripper put together

    0
  • Nick

    Oct 2, 2008 at 6:57 PM

    Comment #35

    A bit racist there Tom with the stereotyping mate.

    I have reservations about KK coming back, but I do feel he could be a great ambassador with a great incentive and deterrent to finally finish what he starts this time round.

    The most exciting part would be the introduction of Simon Clifford (www.icfds.com)
    Amazing guy plus great contacts.

    0
  • Tom_Toon

    Oct 2, 2008 at 6:59 PM

    Comment #36

    Racist?!?!?!?!

    Grow up please.

    0
  • A.L 9

    Oct 2, 2008 at 7:00 PM

    Comment #37

    Tom_Toon your KK obsession is scary if i’m to be quite Frank.

    0
  • Michael

    Oct 2, 2008 at 7:03 PM

    Comment #38

    Lets try and get a real world class manager, Rijkaard springs to mind.

    We need a manager respected throughout the game who can take us to the next level.

    0
  • belfast toon

    Oct 2, 2008 at 7:06 PM

    Comment #39

    tom toon i don’t think your a racist but then neither was jade goodie your just thick as f**k

    0
  • irish_al

    Oct 2, 2008 at 7:06 PM

    Comment #40

    nick- no doubt some one will make a big deal about him being a smoggy

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