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Newcastle Ownership Must Be Sorted Before January

Mike Ashley has supposedly dropped his asking price for Newcastle United to around £280M, and that will give him only a £35M profit (14.2%) on the club in 17 months.

Life’s tough isn’t it?

Michael Owen – can talk to other clubs in January

This is reported today in the News Of The World, which usually has little credibility in these things, but we do expect the race for the club to be tightening, and understand that Keith Harris is negotiating with some consortiums right now.

One that we think is in there is the business run by Arab Billionaire Nasser Al-Kharafi, but the NOTW doesn’t list him as one of the two consortiums they say are the current front runners.

Kharafi is Chairman of M.A. Kharafi & Sons and the company puts fast food on plates across the entire Middle East, and his company controls the exclusive Arab franchises for KFC, Wimpy, TGI Fridays, Cadbury’s, Pizza Hut and Saint Cinnamon. Al-Kharafi is also the leading supplier and integrator of the newspaper industry in Kuwait.

We think that is one of the three consortiums still in the running, but the NOTW says that the two who are closest is one is based in China and the other an international company based in America.

It’s interesting that in the last month the US dollar had significantly strengthened against the pound to $1.58 to the UK £ – and this is from around $2 to the UK pound, only a month or so ago. That means the Newcastle club has come down in price by about 20%, solely  because of the strengthening of the dollar.

We have no idea who the American buyer unless it’s Paul Allen, the co-founder of Microsoft with Bill Gates, and a sports fan who owns the Portland Trail Blazers (basketball) and Seattle Seahawks (American Football).

Paul Allen – Microsoft co-founder worth $16B (around £10B).

Paul left Microsoft way back in 1983 to fight Hodgkin’s disease, and he was successful in beating that disease.

The Chinese consortium could be the Chinese property billionaire Xu Rongmao, who is the Chairman of the Shimao Group, which controls more land than any other private developer in America, and builds luxury real estate. Rongmo was born in the Fujian province of China.  He is currently 58 years old and the 9th richest person in China at around $3.1B (around £2B), and seems he have lost an awful lot of money due to the property value collapse in the US this year. Last year he was worth around $10B (£6.3B).

But the Newcastle club must get a new owner in before January, otherwise we stand to lose players like Owen and others, who will not wait around too much longer, as the club resembles a ship adrift in the ocean. Nicky Butt, Mark Viduka, Steve Harper, Shola Ameobi, Cacapa and David Edgar all running towards the end of their existing contracts at the club.

It’s also vital we have new owners installed so we can participate in the January transfer market because our squad is at least 5 players short, according to current manager.

We are waiting to hear from Keith Harris, who is the only person we can trust on this, since he is selling the club on behalf of the club and Mike Ashley. We hope to hear something later this week, as time is now starting to run out as we get closer to January.

Comments very welcome.

17 comments so far

  • sweendog

    Oct 26, 2008 at 12:23 PM

    Comment #1

    Twat has caused this mess .. get out now .. the sooner the better.

  • selly no skill

    Oct 26, 2008 at 12:25 PM

    Comment #2

    why is chucking money at players always our only answer .it never works.look at hull.one good player.they play a system and stick to it.we need a good manager on a long contract and stick with him.and that means if we lose 5 in a row we dont start booing and moaning how good it used to be under keegan or robson.them days are gone and imo we should leave keegan gone.we need a manager now for 10 years and maybe after 5-6 we might get somewhere close to winning something.stability

  • selly no skill

    Oct 26, 2008 at 12:26 PM

    Comment #3

    spose what i’m sayin is it doesnt really matter who owns it so long as the system works

  • sweendog

    Oct 26, 2008 at 12:29 PM

    Comment #4

    selly no skill .. we just need a few things
    1) A good manager (we had this with keegan)
    2) Players who don’t slip up every match , butt,Taylor
    3) Players who put in 100% and play well..yesterday the only 3 I could say who did this were Collocini, Given, Ameobi ..

  • sweendog

    Oct 26, 2008 at 12:31 PM

    Comment #5

    selly no skill .. its time to get behind the team .. because tuesday is a relegation 6 pointer .. then we have to win at least another 4 before christmas or we are truly in relegation form .. getting a bit worries .. the next 3/4 games will spell volumes for our season.

  • sweendog

    Oct 26, 2008 at 12:33 PM

    Comment #6

    You have to wonder why Faye was sold, seeing as Taylor is currently having a nightmare and there really isn’t a strong defensive tackler to replace him.. MA is a fat money grabber .. he’s put us into this dangerous situation

  • Rasko a.k.a Hadji

    Oct 26, 2008 at 1:21 PM

    Comment #7

    Major major cleaning is needed in our squad.



    Gervinho-Le Mans
    Milos Krasic-Cska Moscow
    Miralem Sulejmani-Ajax
    Marat Izmailov-Sporting Lisbon
    Ignazio Abate-Torino
    Dmitri Torbinski-Lokomotiv Moscow
    Malik Fathi-Spartak Moscow
    Yuri Zhirkov-Cska Moscow
    Dante-Standard Liege
    Nikola Kalinic-Hajduk
    Nenad Milijas-Red Star Belgrade
    Zoran Tosic-Partizan Belgrade



  • Nick 69

    Oct 26, 2008 at 2:41 PM

    Comment #8

    this needs to be sorted asap

  • Keegan Jnr

    Oct 26, 2008 at 2:47 PM

    Comment #9

    RASKO why don’t you leave the the transfers to a proffesional, instead of suggesting targets that look good on Football Manager. Plus we’re an English team not eastern european.

  • Little Willie

    Oct 26, 2008 at 3:22 PM

    Comment #10

    You have to wonder why Faye was sold, seeing as Taylor is currently having a nightmare and there really isn’t a strong defensive tackler to replace him.. MA is a fat money grabber .. he’s put us into this dangerous situation


    Faye was sold because he fell out with Keegan at half time in the Everton game, Keegan wanted to replace him with Senderos but he turned us down to go to Milan.

  • Keegan Jnr

    Oct 26, 2008 at 3:29 PM

    Comment #11

    There’s a lot of people getting on Taylor’s back about his sub-standard performnces and i can’t agree more that he has not played well and could be dropped. however this lad bleeds black and white as is still very young, especially as centre backs do not reach there prime until there late twenties. I think we need to stick by Taylor as he stuck by us when his contract was running out and teams such as Arsenal and Liverpool were taking an interest. He loves the club as much as any fan and its players with his never say die attitude that we need right now. Peace

  • Rasko a.k.a Hadji

    Oct 26, 2008 at 3:43 PM

    Comment #12

    Keegan Jnr…..Why everytime someone mentions quality players,it all comes down to Football Manager.
    I know and i’ve seen all these players LIVE so don’t give me that c..p about FM stuff.
    All these players can take you to the CL doesnt matter if they’re Eastern Europeans.
    Wow….I bet English players made Chelsea,Liverpool,Arsenal,Man Utd etc so successfull.

  • Keegan Jnr

    Oct 26, 2008 at 3:59 PM

    Comment #13

    No but English players make the up the back bone of Chelski and Man Scum.

    I also believe that though they may look good playing for there associated teams, but they are paying in leagues that are below par compared to the premiership and may not shine as much in a more competitive league. It reminds me a little of what happened to Wimbledon when they got took over by the scandanavians and bought loads of norwegians and finnish players in, and look what happened to them.

    Thirdly, even if they do turn out to be high quality signings changing the first team set-up that drastically could result us doing a spurs. They have some great players in the club but have had little time to gel with each other and the comparitively new manangemnt system, something we will be facing to shortly (hopefully).

  • Keegan Jnr

    Oct 26, 2008 at 4:03 PM

    Comment #14

    Chelski, Man scum and liverpool actually

  • sweendog

    Oct 26, 2008 at 4:34 PM

    Comment #15

    Little Willie .. exactly he was never replaced .. premiership teams go into the season with 4 recognised centre backs .. now Collocini does look good .. who’s the other 3 ..

    Also I do like Taylor but you have to admit he is having more than 2 bad games … the manager needs to address it or we could lose more vital games like tuesday night..

  • Turkish magpie

    Oct 26, 2008 at 5:49 PM

    Comment #16


    get rid of beye and guthrie!

    your mad

  • D.C.

    Oct 27, 2008 at 2:14 AM

    Comment #17

    As a Seahawks fan, I know the best of Paul Allen as an owner. As someone who lived in Oregon, I know the worst of Paul Allen as an owner.

    He’s a little bit Ashley, a little bit Abramovich. He’s not afraid to spend money when it’ll help his teams, but he’s also not afraid to be a bit of a pennypincher when it’s called for. With the Trailblazers, he basically tried to declare bankruptcy in one of his holding companies to avoid paying the lease at the Rose Garden to the City of Portland (leaving the City holding the bag on the money), and then tried to buy it from his “bankrupt” holding company with another of his holding companies.

    But with Seattle, he’s always been first rate. Shelled out money to get quality coaches and quality players, and the team has gone from being a terrible football franchise to a four-time NFC West Division champion under his watch.

    Obviously it’s only speculation right now, but we could certainly do worse than Allen.


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