Today’s Updates On Newcastle United Potential Sale

Nothing ever comes easy to Newcastle United Football Club, or so it seems.


Dr Sulaiman Al-Fahim – too late for Newcastle?

And while everybody associated with the club would just love to see a quick sale – at a knockdown bargain-basement price of £100M, if that happens it will be a surprise, although a pleasant surprise.

I was educating my Dentist on the news yesterday, and he said he’d need to look at his bank account to see how much he had –  since I convinced him it was  a great deal!

He is one forced supporter of Newcastle United, only because one of his patients keeps bugging him (and his 10 year old son) on reading a certain blog about a famous club on Tyneside. When he mentioned Newcastle to his son, a few months ago – his son, a big Liverpool supporter, said “but  they stink” –  still some work  do there it seems.

But at least he now knows where Newcastle Brown Ale comes from (Newcastle?), and what the statement “Carry coals to Newcastle” means – his education was obviously lacking in school. 😀

On the sale of Newcastle, highly-placed sources claimed yesterday that some Middle East consortium is the first to show serious interest in the club, at its lowered price of around £100M.

Keith Harris, who has been re-employed by the Tyneside club to try to quickly line up a buyer – the success of the club next season almost depends on it – was interestingly out of the country “on business” yesterday.

And the Journal is reporting this morning that Portsmouth’s prospective new owner,  Dr Sulaiman Al-Fahim, may renew his interest in Newcastle United,  now the £300M asking price has been cut by two thirds – a great deal surely!

However since the billionaire property owner has now entered due diligence with Portsmouth, that would be rather difficult to now break off the acquisition – but it does tell you something about the attraction of Newcastle United.

And of course yesterday we ran a few stories on the Sultan of Oman – who is said to be interested in the club.

One eye opener we tracked down about the Sultan yesterday is he is ranked above Queen Elizabeth II in total wealth – which was at the very least – very interesting.

That’s about all we know this morning – that may be new on the Newcastle sale.

44 comments so far

  • RyanToon

    Jun 3, 2009 at 11:23 AM

    Comment #1

    cant see him buying us tbh

    ED. when is the blog finishing mate?

  • Geordie-Gerrard7

    Jun 3, 2009 at 11:27 AM

    Comment #2

    its not finnishing, why’ o why’ could he not have said he would sell a month earlier then fahim would have bought us

  • lesh

    Jun 3, 2009 at 11:29 AM

    Comment #4

    Assuming you were seeking an answer Ed, sad to say that Newcastle Brown Ale is now brewed in the old Fed brewery in….. Gateshead!

    The Gallowgate brewery site (just up the road from the IBM offices) is no more…. it’s gorn!

  • jim

    Jun 3, 2009 at 11:42 AM

    Comment #5

    Well yas kna what to do-get some comments on the arab websites ie. abu dhabi united group etc and arabian etcetc and dangle the carrott-i already have 7 am this morning LOL just simply commenting why dont they buy us aswell and have 3 football clubs! Which us are the biggest by far, with the most potential and biggest attendances and most passionate fans in the world-word gets round fast on those websites and the arabs are chomping at the bit to out do each other in terms of football clubs-it wont take much to make any potential buyer aware of the huge potential and bargain that could be NEWCASTLE UNITED are up for sale at a massive reduction!

  • Toon Graeme

    Jun 3, 2009 at 11:43 AM

    Comment #6

    Hitman – good link.

    I thought that was just a journo piece of 2 + 3 = 17.

    Howay man lets have some update thats not press bullslocks!

  • Nick 69

    Jun 3, 2009 at 11:45 AM

    Comment #7

    wouldnt suprise me if al fahim has renewed his interest, and its pretty obvious he would deny it at the moment as it wouldnt look to good if he came out and said he was interested in us then decided not to buy us and go for pompey again would it.

    fingers crossed there is some truth in it!!

  • Tommyy

    Jun 3, 2009 at 11:46 AM

    Comment #8

    Still, how good would it be if he bought us instead? lol.

  • Doocey

    Jun 3, 2009 at 11:47 AM

    Comment #9

    Blog isn’t finishing Ryan 😉

    We need new owners, very soon.
    Or else were going to be the next Leeds.

  • Rangerman

    Jun 3, 2009 at 11:50 AM

    Comment #10

    You can always rely on “The source” to keep you up to date with the facts.

  • Tommyy

    Jun 3, 2009 at 11:51 AM

    Comment #12

    Seems odd that he is able to be a big part of two premier league clubs? owner of one, and on the board of another :S

  • Rangerman

    Jun 3, 2009 at 12:05 PM

    Comment #13

    We’ve finally been kicked off the Premiership section on newsnow.

  • Toon Graeme

    Jun 3, 2009 at 12:12 PM

    Comment #14

    Chin up lads – look what I found.

    We getting new grass!!!

    Weird seeing the pitch bare aint it!,,10278~1679538,00.html

  • brownrob

    Jun 3, 2009 at 12:15 PM

    Comment #15

    I just wrote a story on Michael Owen on my blog. Seems the first thing we hear from him is he gets compo from the express, and now gerrard wants him to abandon the toon and go to a big club so he can play for england…

    sich a lack of respect…

  • RyanToon

    Jun 3, 2009 at 12:15 PM

    Comment #16


    is that all our playes squashed on the pitch??

    looks like shit 😉

  • Toon Graeme

    Jun 3, 2009 at 12:16 PM

    Comment #17

    Ryan – I dont doubt that some manure will be on there!! You could equal it to what we have seen at times in SJP this season.

  • RyanToon

    Jun 3, 2009 at 12:18 PM

    Comment #18

    so the BLOG isnt finishing???

    the last time i was on here (about 2months ago)

    it was? good news if its staying 😉

  • RyanToon

    Jun 3, 2009 at 12:19 PM

    Comment #19

    yh TG lol

    i went to the fulham game and it was just such a disapointment. and as the game was nearly finished dark clouds came over and it rained, typical of our luck eh!

  • Macas35

    Jun 3, 2009 at 12:21 PM

    Comment #20

    So what has Owen done wrong now? I’m sure if the paper made up complete lies about ones of us we wouldn’t be too happy about it, and it’s Gerrard who’s making comments about Owen, not the man himself. Owen gets singled out beause he came here for big money and on a big contract but he’s gone now so lets just move on. We had plenty other players on big money who didn’t exactly set the world alight.

  • Toon Graeme

    Jun 3, 2009 at 12:22 PM

    Comment #21


    Good link and you summed it up for me mate.

    He seems happy to defend his name in a paper in an article that was forgotten about 2 minutes after it getting into public forum.

    Yet, his performance on the pitch says so much more doesnt it!

    Without a doubt not worthy of the arm band.

    He wont go to Liverpool as I cant see him at his age fitting into their team and if he does well I’ll have to much on humble pie.

    Bitter – no – Pi$$ed off – yeah a bit.

    Bothered he has gone – not at all!

  • Timmers

    Jun 3, 2009 at 12:23 PM

    Comment #22

    Ryan- Ed said he would keep it going, but is going on hoilday to Europe for 5 weeks and i think gets back a day before the new Championship season. (Thats weird saying that) So will be no updates till then, if we have an owner/manager by then!

  • brownrob

    Jun 3, 2009 at 12:26 PM

    Comment #23

    I wont be stealing Eds readers, but I will be writing more on my blog, especially as summer hols are round the corner!

  • brownrob

    Jun 3, 2009 at 12:28 PM

    Comment #24

    Yeah I gave Owen far too many chances… now i just see what he is really like, i cant wait until his £6m a year wages are off the books

    its testament that 100 people were laid off and it amounted to what Owen gets paid in a year

  • cicero

    Jun 3, 2009 at 12:28 PM

    Comment #25


    On an earlier blog one writer asked “y doesn’t Ashley just sell the club and go” well I think we can all see that he is but it’s not going to happen overnight or in the next 4-5 weeks. So we are stuck with him for at least that amount of time and there’s nothing we or he can do about it.

    So where does that leave us? Life in the Championship won’t be easy; every team we play will see it as their cup final and up their play by 20%. We need to get off to a tremendous start, get the team playing with confidence and in to winning ways. We need to get the opposition scared of us, expecting to get nothing from us. If we start badly then it will be a long hard road back.

    The next few weeks are critical for NUFC. We must have a stable football management and playing squad ready and raring to go on the first game of the season. This means we MUST appoint a fulltime manager NOW with a transfer budget to assemble the squad he feels he needs to succeed. So why is Ashley delaying? We the answer is he can’t afford it, he’s skint.

    Interesting article in the Journal:

    WHEN Mike Ashley floated his Sports Direct company on the stock market in February 2007 he was worth over £2bn. He had £929m in cash he pocketed selling 40% of his stake in the company and £1.3bn in his remaining 60% stake. However his cash pile may now be down to £300m and the value of his stake in Sports Direct is now around £330m as its share price has plummeted. Buying Newcastle United in September 2007 has cost Ashley in the region of £300m in the last two years – and a reported speculative spread betting punt on the share price of HBOS has said to have cost him anywhere between £130m and £300m.

    One football finance expert, who would not be named but has hands-on experience of running football clubs, believes Ashley is now desperate to offload Newcastle United, as finding £20m to £30m for transfer fees and running the club may be too much of a strain on his shrinking wallet. He said: “Ashley may well be down to his last £300m of cash. He is not short of assets but you cannot buy a McDonald’s with a house. He hasn’t got the cash he needs to run Newcastle now.

    That’s why he’s gone to the bank to fund next season’s campaign. Shearer’s plans, his appointment, players in, players out, now all depend on whether the bank are prepared to fund it, If not then the scenario will be Shearer goes back to the BBC, Joe Kinear comes back in, he has to sell everyone, Taylor, Beye, Bassong, etc to pay for the running of the club and rely on kids and second ratters from the lower divisions.


  • Toon_Factor

    Jun 3, 2009 at 12:30 PM

    Comment #26

    Has anybody voted for their player of the season on, anone notice Geremi has got 24.6% of the votes??? 0.1 behind Bassong???

  • The Alchemist

    Jun 3, 2009 at 12:36 PM

    Comment #27

    Don’t see what the attaction is of buying pompey…. He could buy us spend 30 mil and see our price double when we get back to the prem

  • Stuart79

    Jun 3, 2009 at 12:44 PM

    Comment #28

    Keith Harris in Dubai according to Chronicle.

    After the way Ashley treated them last time I won’t hold my breath!

  • Rangerman

    Jun 3, 2009 at 12:46 PM

    Comment #29

    Ashley has been spending his money buying more shares back in Sports Direct and he is far from being skint.

    We haven’t gone to Barclays for a loan either, we’ve gone to ask them to leave our overdraft the same as it was last year so we’ve got plenty of room to manoeuvre financially and will show them our business plan for the next 12 months.

  • Geordie-Gerrard7

    Jun 3, 2009 at 12:56 PM

    Comment #31

    we have been giving a bye in the league cup

  • Toon Graeme

    Jun 3, 2009 at 1:00 PM

    Comment #32

    Geordie Gerrard – say that again??

  • Rodzilla

    Jun 3, 2009 at 1:29 PM

    Comment #33

    …at least when Ashley sells he’ll take that bl00dy awful ‘Sports’ stadium sign with him

  • Isaac Hunt

    Jun 3, 2009 at 1:32 PM

    Comment #34

    I think he means we have been Given a Bye!

  • Geordie-Gerrard7

    Jun 3, 2009 at 1:35 PM

    Comment #35
  • Isaac Hunt

    Jun 3, 2009 at 1:37 PM

    Comment #36


  • ian

    Jun 3, 2009 at 1:39 PM

    Comment #37

    There definately is no plan, otherwise anyone with half a brain who knew they were going to sell if the club went down would have sent Harris out again before the seasons end to cut a deal IF the club failed and was relegated.

    There is no defence this lot are officially thick.

    We are all on the same merry go round again, sorry lads I tried but couldnt sell it!! What he will do this time with all of these liablities they have added instead of removing since he arrived I do not know, there does not appear to even be a plan regarding existing players, already clubs are announcing which players are going where and Newcastle are sat like puddings again.

    I am embarrassed for Ashely and Llambias they look like a couple of idiots off the street in charge a massive business, I do not know how Ashely ever became rich in the first place.

  • Isaac Hunt

    Jun 3, 2009 at 1:40 PM

    Comment #38

    Eh? Can’t see the linkage between the europa league and the league cup (?)

  • Isaac Hunt

    Jun 3, 2009 at 1:42 PM

    Comment #39

    Ian:36: Snap!

  • hitman

    Jun 3, 2009 at 1:49 PM

    Comment #40

    agree ian this club will be the market for a long time ,


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