Two Serious Bidders In For Newcastle United

Keith Harris is the man charged with the task of selling Newcastle United, and he has come out today for the first time in 3 weeks, and says there are now two serious bidders in for the club.

Keith Harris – two serious bidders still in for Newcastle United

Keith Harris, chairman of investment bank Seymour Pierce, said that out of an initial seven expressions of interest in the club, there were now just two left in the running.

Harris said at the FT Sport Industry Summit in London:

“We have two very serious contenders to buy it.”

Keith of course was unwilling to name who the two consortiums are, but we would expect Nasser Al-Kharafi, the world’s 48th richest man in the most recent Forbes Billionaires List, and the 4th richest Arab, and worth around $14B (around £8.2B) – is one of them.

But we don’t even know that.

However, Harris has also indicated that the sale may stretch into the new year, and that would cause some problems for us, in signing new players in the January transfer window.

Maybe what Ashley should do is install Kinnear until at least the end of January, so he can handle the transfer market, but if the new owners want a different manager, that wouldn’t work.

It now leaves the tenure of Joe Kinnear very doubtful as to how long he will remain with the club.

50 comments so far

  • somebody

    Nov 4, 2008 at 12:14 PM

    Comment #1


  • Temuri K's Shiny Bonce

    Nov 4, 2008 at 12:17 PM

    Comment #2

    Why would he lie? What’s he got gain from it. This could be anyone but i have a strange feeling that Anil Ambani is in the hunt

  • simon376

    Nov 4, 2008 at 12:17 PM

    Comment #3

    Really hope this is what JK was talking about when he mentioned the 22 November deadline. In an ideal world, we can get this done before the transfer window opens, but even if it’s too late, at least we can still look ahead

  • Bill

    Nov 4, 2008 at 12:21 PM

    Comment #4

    Hope this doesn’t stretch into the new year. We need the team strengthened in January and Ashley has already stated he won’t put any more cash into the club…………unless he can do a deal with the prospective new owners a la citeh.

  • sirjasontoon

    Nov 4, 2008 at 12:21 PM

    Comment #5

    Sell Sell Sell.
    4th richest floats my greedy boat.
    Then we can buy tons of titles and cups woop woop !!

  • cause I got the girth

    Nov 4, 2008 at 12:23 PM

    Comment #6

    from seven to two, glad to hear things are progressing, just hope we can get something done with adequate time for the jan transfer window, as im sure we all do!

  • Punk Skunk

    Nov 4, 2008 at 12:24 PM

    Comment #7


  • Toon Daft

    Nov 4, 2008 at 12:25 PM

    Comment #8

    48th richest – Ambani is the 6th richest…. I WANT HIM 😉

  • Ageordiedoonsooth

    Nov 4, 2008 at 12:27 PM

    Comment #9

    Whoever buys the club must be prepared to invest lots of money not just in buying new players but also in the youth and build a secure future & turn us into a big club for years to come. We don’t want another Sir John Hall who invested big but was always looking to get his money back. This left us as a nearly club floating around 6-15 place in the league.

  • Punk Skunk

    Nov 4, 2008 at 12:30 PM

    Comment #10

    Bang on AGeordiedoonsooth,
    but that’s a tory for ya’!..
    …& before anyone starts, hall is thatch’s best marra, so spare me!..

  • Jimmy

    Nov 4, 2008 at 12:35 PM

    Comment #11

    Be careful what you wish for, do we really want a billionaire that treats the club like a toy for 2 years and then leaves it in debt when he gets bored? We dont need Billions we need structure and a long term plan with a steady, reliable trustworthy board. I would love to spend millions on players but I also want to make sure that we always have a club…..

  • craig chisholm

    Nov 4, 2008 at 12:35 PM

    Comment #12

    i hope it is true but it makes no sense that it would stretch to the new year if the interest is coming from a single rich person such as a sheik or ambani etc. those sort of people do not hang around and it would not take nearly five months that is for certain. it makes me think that there are consortiums bidding in which case that would make sense taking longer. i dont care as long as ashley is out of toon.

  • samthecat

    Nov 4, 2008 at 12:38 PM

    Comment #13

    Looks like a sale is definetely on but could be finalised by 31 December-bad timing or what.
    You would think the buyers would want to get in as soon as possible or would they be happy for this to be dragged past January.
    Day 1 they need to communicate with fans-sack Wise+Llambias+make a decision on Kinnear.

  • skin d

    Nov 4, 2008 at 12:44 PM

    Comment #14

    ashley might be stringing us along until the january windows closes so he doesn,t have to spend any money.
    then he,ll turn around and say you can,t blame me i,m selling the club so i wasn,t going to spend anything.
    he will hope joe will keep us in the prem with what he,s got.

  • Ryan Peacock

    Nov 4, 2008 at 12:46 PM

    Comment #15

    if were ever gonna sell, it has to be before january, also kinnear might not be flavour of the month but give him a bit of credit, ameobi looks a different player! also if we get new owners before january imo they have to keep kinnear till at least the end of season or we will suffer for more years imo

  • skin d

    Nov 4, 2008 at 12:49 PM

    Comment #16

    i just heard second hand that ashley is going to sell oba martins,doe,s anyone know if there is any truth in this?

  • Ryan Peacock

    Nov 4, 2008 at 12:55 PM

    Comment #17

    skin d- doubt it but who knows?

  • SuperShearer

    Nov 4, 2008 at 1:00 PM

    Comment #18

    Temuri K’s Shiny Bonce i really hope your hunch is right mate. And can anyone confirm or deny this Roman loaning Chelsea money. I really do not understand that. He owns the club therefore any money he spends on them has gone, it is not loaned. He cannot one day sell the club and say, you now owe me X amount surely? So if we get a billionaire owner why would they leave us in debt? Ambani would be a great owner because he has the financial clout to improve us but the business knowledge to build for the future as well. Chelsea have a lot of young talent on their hands but we never hear about them because of all their other stars, I would happily take the same. However all I really want is an owner who wants what we want, security and looking to build for the future. Role on the sale.

  • KK FOREVER (Ross)

    Nov 4, 2008 at 1:03 PM

    Comment #19

    skin d-if he’s not gonna buy then he has no reason to sell, if he’s looking to offload players for his own pocket then he can expect yet another abusive onslaught from the fans i’m sure.
    i dont see any truth in it but as Ryan says, who really knows?

  • hod

    Nov 4, 2008 at 1:06 PM

    Comment #20

    i agree with jimmy’s comment above, we dont want a west ham situation on our hands do we?
    spending millions isnt a guarantee of instant success, what the club needs is a long term structure, and effective youth coaching and talent spotting network.

  • Rich

    Nov 4, 2008 at 1:07 PM

    Comment #21

    I know we need new players, but I hope to God the new owners can be in in time to resign Michael Owen.

    It would be disasterous if he were to leave.

  • micepie

    Nov 4, 2008 at 1:08 PM

    Comment #22

    I agree Jimmy but I think it’s gone past that. Maybe a good hope is that the buyer turned out to be American, say, with good intentions.
    I hope we keep a humble base at the club even if we do end up trying the glamour approach. It’s good to have charcaters like JK at the club and Terry Mac would be good to have back etc, in some capacity. Then someone like Sven at the helm. If we do get megga rich exotic owners I just hope that we retain the players and staff who give us a sense of trust and identity (and let not the new owners meddle too much!).

  • Timberhead Toon

    Nov 4, 2008 at 1:08 PM

    Comment #23

    Skunk d i aint heard the Martins one but did hear that there is a spaniard on the way (Enrique or Xisco) and we are currently looking at buying championship players as kinear wants more English players but we aint got much coin. Also got ex-wimbledon players are recommending them to him.

    Really hope this is just balls but not very happy if its true.

  • skin d

    Nov 4, 2008 at 1:11 PM

    Comment #24

    i was told this before but i,ve trawled the net and cannot find anything so it must be s##t.

  • skin d

    Nov 4, 2008 at 1:16 PM

    Comment #25

    i do think though if we bring anybody in they,ll be second rate cloggers to boost numbers.
    what if fat ashley sells oba for 15mil and brings in jermaine beckford for a fraction of that on gollums say so,and pockets the rest .
    i tell you what i wouldn,t put it past him.

  • ToonKing

    Nov 4, 2008 at 1:18 PM

    Comment #26

    I just hope it’s someone who doesn’t mess with the team and has some coins.

  • Nicky

    Nov 4, 2008 at 1:23 PM

    Comment #27

    Newcastle is too far away from London to attract any world class players or massive investors. So I believe you will never make it into the top 4 and be forever more a mid table club.

  • Att Fashley

    Nov 4, 2008 at 1:34 PM

    Comment #28

    Can`t you see!!! Ashley wait till january and then “some” big spenders buy Owen 20mil and/or Martins 20-30mil, maybe also Jonas and Colo other 40mil and he makes more cash.
    Then he sells our club to…250-300….

  • Att Fashley

    Nov 4, 2008 at 1:36 PM

    Comment #29

    …other better clubs are not selling their players and “they” have 535billion…………………to make offers what cant be rejected

  • Guinea Mag

    Nov 4, 2008 at 1:49 PM

    Comment #30

    We need a new owner who will invest in the club at al levels and stabilize the club in the near term, mid term and long term future.

    If the sale does not occur until sometime in 2009, I can’t see MA selling our better players as will make the club unsellable and if relegated will not get the return on his investment he’s planning!

    Hopefully we can have a new owner in place before 01-Jan-09 and buy 3~4 players to improve the first team.

  • Ben_BKK

    Nov 4, 2008 at 1:50 PM

    Comment #31

    Supposedly we were trying to buy Fabian Delph, the 18 year-old Leeds’ player who Arsenal are consistently linked with.

    It’s been turned down though…

  • You've got DROGBA, We've got SHOLA!!(GG7)

    Nov 4, 2008 at 2:02 PM

    Comment #32

    we had a bid for delph rejected

  • Christoon

    Nov 4, 2008 at 2:05 PM

    Comment #33

    Looking at the table…3 points off 7th???? unreal. Its close this year. I know its not worth talking about right now but we’re still in the huntfor uefa cup if results fall right. Never know after fulham and wigan. Wishful thinking??? maybe but worth the thought.

  • dougnufc

    Nov 4, 2008 at 2:08 PM

    Comment #34

    This season will be tough, yet exciting at the same time, hopefully we get on the winning side of each game

  • SAM

    Nov 4, 2008 at 2:14 PM

    Comment #35

    His job is to negotiate the best price. Hence he will NEVER NEVER say there is only one serious bidder since that reduces his ability to sell for a higher price (and reduces his commission/bonus).

    Therefore there is one or maximum two perspective buyers.

  • You've got DROGBA, We've got SHOLA!!(GG7)

    Nov 4, 2008 at 2:25 PM

    Comment #36

    the two buyers are going through due dillegence


    Nov 4, 2008 at 2:31 PM

    Comment #37

    Yep the saga continues, who will the new owner be ? will there be a new owner?, will the new ownership be in place to take advantage of the transfer window?, will JK be retained?, who will we buy with unlimited funds from the new ownership ?
    Soh! say we land up with big bucks to spend, who do we want as manager and who do we want added to the squad ?

  • sweendog

    Nov 4, 2008 at 2:50 PM

    Comment #38

    See we’ve supposedly bid 8mill on a leeds midfielder called Fabian Delph .. this looks like ashley isn’t away as he is giving the go ahead for deals..

  • steve

    Nov 4, 2008 at 3:35 PM

    Comment #39

    Not to worried about Jan transfer window, the only people for sale in Jan are hugely overpriced or are past sell by date.

    If we can keep the majority of the squad fit we should have more than enough to get a mid table place this season, especially givenm the fact that outside of the top 5 there is very little to choose between any team

  • skin d

    Nov 4, 2008 at 3:36 PM

    Comment #40

    i hope ashley does sell,it has been a nightmare under his stewardship.
    at the same time i hope we dont end up with a pack of c##ts running the club.


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