The main news in the Sunday papers today is that Newcastle United are said to be on the verge of a takeover involving an Indian Billionaire.
Anil Ambanai – head of the Reliance ADA group
It’s the Daily Mirror that is reporting that officials representing an Indian Billionaire have already visited the Newcastle club and are looking to purchase the club.
The Billionaire is anonymous, which is convenient for the Mirror report, and we have no idea if this report has any truth to it, but of course it is a Sunday.
Newcastle have already been linked with a number of Indian Billionaires, when the club was last on the market over 18 months ago, and one of them is Anil Ambani, head of the large Reliance ADA Group, and he’s one of Asia’s richest businessmen.
His brother Mukesh is also said to be interested in owning a Premier League club, and is also a Billionaire, and a year ago he made a serious attempt to buy the Liverpool Football club.
Ambani is just 50 years old, and was ranked at number 36 by Forbes Magazine last year, in the richest men in the world list, with a net worth of around $13.7B (US $), and he owns a 65% stake in the telecommunications group Reliance Communications.
Subrata Roy of the Sahara group may be the man, and he missed out recently on buying Liverpool, and he could be interested in buying the Newcastle United Club, which has the third largest attendance in the Premier League behind Manchester United and Arsenal, who both have bigger stadiums than Newcastle.
The Newcastle club is not for sale, which is what owner Mike Ashley has said recently, but we’ve always thought that a good and decent offer coming in, where Mike can get his money back on the club, would be tempting for the Londoner.
But we have no idea at all if these reports are true or not.