There were some confusing reports coming out of the Middle East last night that an Arab Sheikh is about to buy a 60% stake in a top English club.
HH Sheikh Ahmed Bin Saqr Al Qassimi on left
meets Mr. Ali Abu Monassar, Executive Chairman, Net Group last year
Sheikh Ahmed bin Saqr al-Qassimi — who is a member of the ruling family, Ras al-Khaimah, in the United Arab Emirates — is said to have invested in the unnamed English club, and will become their honorary chairman.
Ras al-Khaimah is one of seven members in the UAE federation which also includes key oil producer Abu Dhabi and regional trade and tourism hub Dubai.
Ras al-Khaimah (means “The Top of the Tent”) is one of the emirates of the United Arab Emirates and it covers an area of 656 square miles. It is in the southern part of the Persian Gulf.
The emirate is currently ruled by Sheikh Saqr bin Mohammad al-Qassimi, (we believe Sheikh Ahmed Bin Saqr Al Qassimi is one of the deputy rulers), and it is in the northern part of the UAE bordering Oman, with a population of about 300,000 inhabitants.
However, City insiders in London were last night rather skeptical of the report from the UAE’s official news agency, which said further details would be announced later this week.
We have no idea if this involves Newcastle United, since some reports refer to a top English club and others refer to a top Premier League club. Newcastle are a top club but not a Premier League club right now of course.
And Abu Dhabi billionaire Sulaiman al-Fahim insists there is no connection between his bid for English Premier League club Portsmouth, and the reported purchase of a majority stake in another team by a UAE investor.
al-Fahim told Reuters by telephone on Monday”
“There is no link”
We have no idea if this report is true, but it’s certainly worth watching, since we expect the new owner at Newcastle United to be announced in a few days too.