Oman Sultan Very Interested In Buying Newcastle


We expected this sometime this week – a Sultan wants to buy Newcastle United!

sultan-2

This is Qaboos Bin Said (we think)

But it’s the Newcastle Evening Chronicle reporting this, which is usually very good and factual these days — since Alan Oliver left last year,  and yesterday the paper thought a group from Omani was eyeing up Newcastle and today they follow up with more information.

The local paper is reporting Sultan Qaboos Bin Said is rumoured to be the lead player behind the scenes to purchase the famous Tyneside club,  and it seems it’s for a bargain basement price of somewhere between £80M and £100M – what a deal!

The 68-year-old’s family control the Gulf state, and the Chronicle understands he is trying to raising the profile of the country to compete with the likes of Dubai and Abu Dhabi.

Raise the profile?  If he buys Newcastle United he’ll raise the profile of himself, that’s one thing that’s certain – hopefully in a very positive way – and raise the profile of his state too – and raise the profile of Newcastle too – a definite win -win.

Oman, officially the Sultanate of Oman is an Arab country in southwest Asia on the southeast coast of the Arabian Peninsula. It borders the United Arab Emirates on the northwest, Saudi Arabia on the west and Yemen on the southwest.

The coast is formed by the Arabian Sea on the south and east and the Gulf of Oman on the northeast. The country also contains Madha, an exclave enclosed by the United Arab Emirates, and Musandam, an exclave also separated by Emirati territory.  Maybe  a good place to go for a vacation in the future?

oman-map-2

The Oman Sultan is  said to be worth around  £1.1B, which is about 1.5 times the wealth of Ashley right now, but that’s  quite enough money to help Newcastle United out – you don’t need billions to be able to invest say £30M a year in a football club – and that would be very high as an investment every year (starting this summer?).

Everybody’s wealth is reduced right now of course, because of the world-wide recession.

The big question of course is how much money would the Sultan be willing to invest in the Newcastle club, which is vital right now, and would some money be available for this summer?

Hopefully from now on the club will use the transfer funds a lot more wisely than we’ve done over the last 15 years or so. There are many many good young players around – it’s just finding them first – as we did with Sebastien Bassong.

For example some of our readers in Bristol this morning reacted positively to our reported interest in Bristol City’s Bradley Orr, and say he made just one mistake (he spent a week od so in jail a couple of year back), and has cleaned up his act and it would be unfair to compare him with a certain Joey Barton.

The Omani consortium is understood to have proved their wealth already to investment bank Seymour Pierce, the private bankers who are helping Mike sell club.  The Omani group have also requested to inspect Newcastle’s books, which is a good sign, and have shown they have have hundreds of millions of pounds to spend – sounds good to us.

Well respected Arabian business sources are telling the Chronicle that any bidders from that region could well include the Sultan, who owns the world’s second biggest yacht.

Said bin Taimur ousted his father in a 1970 coup – talk about family quarrels – with some assistance from the British Army and he also attended the Royal Military Academy at Sandhurst, as well as serving for a year in the Scots regiment the Cameronia.

There is also understood to be a British-based consortium lining up a rival bid to the Omanis, but who they are is not known at this time, although we are being told, no gorup involves former Chairman Freddy Shepherd.

It may be we will hear more of those as the week goes by – since the Chronicle seems to be doing a nice job in getting to the bottom of these stories – which is very good.

But it’s goodnews  there is more than one bidder, since that will do a couple of things, quicken up the deal, and raise the price for Mike – at least potentially.

This story may even be true – hope so – and let’s hope it’s the start of some good news surrounding the club – we certainly need some. 😀

Comments welcome.



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58 comments so far

  • toonsy

    Jun 2, 2009 at 2:25 PM

    Comment #1

    Hmmm, i’ll reserve judgement until something more concrete happens! The NOTW on sunday should be fun! Do you reckon a distant relative of Bin Laden will be back in for us lol?

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  • Ed Harrison

    Jun 2, 2009 at 2:27 PM

    Comment #2

    For our April Fool’s article we were ready to put out that Sultan Abu Sal Al Magpie had bought the club – before we were stunned with the Shearer announcement – which exactly was true – we were being told. 😀

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  • kajman

    Jun 2, 2009 at 2:27 PM

    Comment #3

    the way our luck as been its not going to be true,, please just give us some good news please please

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  • Angryman the Angry fan

    Jun 2, 2009 at 2:30 PM

    Comment #4

    would rather the Sultan of Brunei, who is said to be a Lifelong toon fan……………

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  • ObaFan2

    Jun 2, 2009 at 2:34 PM

    Comment #5

    Think it’s gonna be a case of … watch this space…

    Who knows what’ll happen in the next few hours/days/months in our soap opera of a club.

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  • Jan Stavik

    Jun 2, 2009 at 2:34 PM

    Comment #6

    Sultans of swiiiing! *singing my heart out*

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  • Geordie-Gerrard7

    Jun 2, 2009 at 2:36 PM

    Comment #7

    ed- i would just like to say to you that, the past few days, you seem to have t\ken your articles, to a whole new level, i liked the one about brad inman, maybe one for vuckic, ranger, danqah and a couple of other youngsters through the summer, anyway, as soon as i get home i will be making a donation and i hope everyone else will be also, thanks for keeping the blog going ed, much appreciated

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  • Stuart79

    Jun 2, 2009 at 2:38 PM

    Comment #8

    That picture Ed makes him look like a character from Carry on up the Kyber!

    Wonder if he does a spot of tiffing!

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  • kingkev

    Jun 2, 2009 at 2:41 PM

    Comment #9

    Hope that we get a new owner by the end of this week.

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  • Whumpie

    Jun 2, 2009 at 2:42 PM

    Comment #10

    Good that this is in the Chronicle, but it’s a long way from confirmed yet. Trouble is, this kind of thing has to remain behind closed doors until the deal is done, so we can’t really expect anything solid for a while yet.

    I’d rather we end up with UK buyers, ideally local, who aim to balance the books after two or three years, albeit having bunged in a decent war chest to get us back into the premiership and kit us out for staying there.

    Getting into Europe and the top 4 is another matter, and I’d rather wait a few years and do it Everton style than just buy our way up a-la-Chelski or Citeh.

    BUT if Oman is what we get, so be it. Ain’t gonna moan.

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  • ObaFan2

    Jun 2, 2009 at 2:43 PM

    Comment #11

    If Shearer is appointented manager it could well mean there is something in the pipeline about a new owner/consortium.

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  • Whumpie

    Jun 2, 2009 at 2:50 PM

    Comment #12

    The main question here is: will having Shearer already in place on a 4-year contract make the club more or less attractive to buyers?

    I’d have thought more, but will some buyers prefer the freedom to put their own man in?

    Dunno – but Big Al is nobody’s fool, and if he’s ok with things, so am I. Nice to have SOMEONE involved that I can say that about…

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  • batty

    Jun 2, 2009 at 2:50 PM

    Comment #13

    stuart79 i posted that this morning so worky and rod could see i thought it was fuuny m8

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  • Stuart79

    Jun 2, 2009 at 2:52 PM

    Comment #14

    batty // Jun 2, 2009 at 2:50 PM

    stuart79 i posted that this morning so worky and rod could see i thought it was fuuny m8

    So did I!

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  • ObaFan2

    Jun 2, 2009 at 2:54 PM

    Comment #15

    Whumpie, yep I agree and he’d be classed as a high profile but inexperienced manager….. maybe ideal for the championship.

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  • beyethegreat

    Jun 2, 2009 at 2:59 PM

    Comment #16

    angryman

    where did you hear that

    also i would like to give credit to worky and stardust as they have made a brilliant blog

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  • Stuart79

    Jun 2, 2009 at 3:00 PM

    Comment #17

    Agreed Beye

    Well done Worky

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  • Nick 69

    Jun 2, 2009 at 3:14 PM

    Comment #18

    beye- i dunno if the sultan of brunei is deffo a toon fan but i do know he bought a state of the art team bus for the toon and then took it back when keegan quit

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  • komfort

    Jun 2, 2009 at 3:14 PM

    Comment #19

    haha stuart..any chance ya get mate ya take it..

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  • workyticket

    Jun 2, 2009 at 3:19 PM

    Comment #20

    Thanks Beye, batty, Stuart and the rest! 🙂

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  • tails

    Jun 2, 2009 at 3:21 PM

    Comment #21

    hi just joined this blog but have been reading it throughout the season. just found this http://en.wikipedia.org/wiki/Qaboos_of_Oman

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  • NUFC_Q8

    Jun 2, 2009 at 3:24 PM

    Comment #22

    Greetings from Kuwait…

    I don’t know if this has any truth in it but I would like to correct some of the information above…

    -His name Qaboos Bin Said and not Oabood.

    -He ousted his father whose name is Said Bin Taimur.

    -Yes the guy shown in the picture is him!

    To be perfectly honest I don’t care who buys the club…my only prerequisite is for them to have common sense and have faith in Big Al.

    PS. Oman is a great tourist destination… especially in Musandam and Salalah, google it.

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  • hkgeordie

    Jun 2, 2009 at 3:28 PM

    Comment #23

    Lads this is too beautiful for words. There is a restaurant in Muscat the capital of Oman called “Al en Sherar” . The spelling may be a little off as it was years ago but I swear this is true. This must be fate. Sultan your Al en awaits you – welcome to the Toon!

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  • Doocey

    Jun 2, 2009 at 3:30 PM

    Comment #24

    Would like him to be honest, hope he’d be a good owner.

    I’d rather Prince of Persia though 🙁

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  • komfort

    Jun 2, 2009 at 3:35 PM

    Comment #25

    must say worky ya site is pretty decent like..well done.

    you aswell stardust.

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  • Stardust

    Jun 2, 2009 at 3:55 PM

    Comment #26

    Thanks Komfort

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  • lesh

    Jun 2, 2009 at 3:59 PM

    Comment #27

    …… “Evening Chronicle reporting this, which is usually very good and factual these days — since Alan Oliver left last year”…. Naughty Ed!

    Hkgeordie… are you thinking of the Al Waha Shangri La?

    On a more serious note and referring to one of Stardust’s posts today (Stardust, bear with me if I’ve mis-read and please correct if need be)……

    If MA’s effectively writing off £150-£190m of debt, and that helps the sale, then we must surely owe him massive thanks?

    We could be hard-nosed and say “tough”, but if it’s his way of absolving his conscience for the damage and hurt of late, then surely we owe him massive thanks?

    A question that’ll set the hounds running I’m sure, but a serious one nevertheless. Think about it.

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  • batty

    Jun 2, 2009 at 4:00 PM

    Comment #28

    yes well done the 3 muskerteers

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  • Girth

    Jun 2, 2009 at 4:04 PM

    Comment #29

    dunno if anyone saw but on the news yesterday was some sort of expert outside of sj james (didnt hear where he was from) but he stated that the new owner will more than likely be foreign, because of the mess this country is in, and secondly, that it will prob take around 4 months to complete…..
    not good!

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  • lesh

    Jun 2, 2009 at 4:07 PM

    Comment #30

    Batty, did you know there was a dance called the Muskrat Ramble?

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  • komfort

    Jun 2, 2009 at 4:11 PM

    Comment #31

    lesh , you still loaf-ing around…

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  • Oleg G

    Jun 2, 2009 at 4:11 PM

    Comment #32

    Well. Like I thought about Mike.

    The same about this Sultan.

    1.1 B ?!

    think if you had 1100$, all your money that you made in your life. From that you need 20%
    to “invest” it, in a very risky stock.
    would you do it? 20%? of what you have, after 40 years of work and business?

    That Is the problem with Mikashly,
    He didn’t have the spare cash that he can just “invest”. because in football, and a team like ours. There is not profit. only lose.

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  • lesh

    Jun 2, 2009 at 4:12 PM

    Comment #33

    A question I floated yesterday……

    given Shearer seems to be alot closer to the action and apparently carrying more negiating clout than your average applicant, I wonder whether he might just turn out to be the discreet face of the supposed bidder?

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  • komfort

    Jun 2, 2009 at 4:12 PM

    Comment #34

    of course rodziiiiillllaaa aswell..weel done.

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  • lesh

    Jun 2, 2009 at 4:13 PM

    Comment #35

    komfort // Jun 2, 2009 at 4:11 PM

    lesh , you still loaf-ing around…

    Nope, trying to earn a crust. Komfort, you still mixing it?

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  • komfort

    Jun 2, 2009 at 4:15 PM

    Comment #36

    take an egg and beat it….

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  • lesh

    Jun 2, 2009 at 4:20 PM

    Comment #37

    Right Komfort, that takes the biscuit!

    Ya crackers!!

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  • komfort

    Jun 2, 2009 at 4:22 PM

    Comment #38

    i can’t take anymore .. am ganna put me heed in tha oven….bye all.

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  • komfort

    Jun 2, 2009 at 4:25 PM

    Comment #39

    it’s electric .. bugger.

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  • Dennis Twice

    Jun 2, 2009 at 4:31 PM

    Comment #40

    Europe here we come!!!

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