There is a report in the Kuwait Times that Chairman Jamal Al-Kazemi of the Kuwait’s Arabi Club is seriously considering buying Newcastle United, and that’s the news that’s hit the news media in the last hour or so.
The Kuwait Times Report report suggests that Al-Kazemi has finalized all conditions that enable him to acquire the club by next week, and that the actual negotiations with Billionaire Newcastle owner Mike Ashley will be clear shortly – whatever that last bit means.
The report in the Kwait Times goes on to say the following:
Kazemi is following in the footsteps of former chief of Al-Qadsiya Club Fawaz Al-Hasawi who bought two-time European Cup winners Nottingham Forest.
Hasawi, a member of one of Kuwait’s richest families and who resigned as President of Qadsiya earlier this year, had been linked with the sleeping English giant earlier in the summer.
He had made no secret that he was aiming to buy a second-tier English club, with Forest having just retained their Championship status and on the market, since the sudden death of owner Nigel Doughty in February.
And Hasawi confirmed that on his Twitter account yesterday, that Nottingham Forest had been bought:
“I can officially announce that the acquisition of Nottingham Forest is complete,” “We have become the official owners. I thank my brothers Abdulaziz and Omar for their efforts,”
This news seems rather strange to us, and we wonder if there’s any real truth in it – and why would Mike Ashley want to sell Newcastle now, when he finally seems to have cracked how to run a football club, and Newcastle have done so well over the last three years.
Well if Mike gets a bid of around £300M he will probably be willing to sell – maybe – but the price of Newcastle is now an awful lot higher than when Mike was looking for only £80M for the club a couple of years ago.
We would take this with a large pinch of salt, and we would expect Newcastle to comment on this, at the very latest tomorrow, and then we’ll know how much truth there really is in this.
We’ve looked at all the news surrounding this, and the Kuwait Times report – which was released an hour ago – is the sole report on Newcastle United possibly being bought.
And the Evening Chronicle has rushed a report out, saying that sources at Newcastle United have denied anything is in the works, and they add that owner Mike Ashley wants to continue with the business plan he has put in place – which is starting to work very well.
Now if we can only sign Mathieu Debuchy!