Kuwait Deal To Buy Newcastle United In The Works?


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!

Comments welcome.



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149 comments so far

  • Taking the Papiss

    Jul 10, 2012 at 11:01 PM

    Comment #1

    Fingers crossed it won’t happen

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:02 PM

    Comment #2

    Has this just come up because the Hawasi guy bought Nottingham Forest? Reeks of lazy journalism I think if I’m honest. And just cus he’s buying don’t mean Mike’s selling (unless it’s 3 times the worth of course hehe)

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  • Belfast-Toon

    Jul 10, 2012 at 11:04 PM

    Comment #3

    Think this is a load of rubbish, sure mike aint perfect but our cub is stable and going in the right direction. That’s gd for football clubs now a days, a la leeds, rangers, darlo and pompey

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  • Kyo

    Jul 10, 2012 at 11:04 PM

    Comment #4

    @Taking the Papiss

    Why would you be against having money? If you haven’t noticed, we can’t afford Hoilett. A free fucking transfer. If you haven’t noticed, we can’t sign anybody right now because they’re being priced out of what we’re prepared to pay for.

    Love it or hate it, Football and money go hand in hand.

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  • Kyo

    Jul 10, 2012 at 11:05 PM

    Comment #5

    This would be a good thing. We could use some oil money.

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  • josh

    Jul 10, 2012 at 11:07 PM

    Comment #6

    Agreed papiss. I would rather build the club back up than ship in a tower block. Earn our place not buy it. Id rather have crabs than be the next man city.

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:09 PM

    Comment #7

    Remember the days that we all would have been begging this to be true? Ah how times have changed.

    Although the whole thing about “oil money”, well who’s to say that if this is true that these fellas would immediately come in and spend a couple hundred million on new signings? Maybe they like the model that we have adopted, a strict fiscal policy while still maintaining a good footballing standard. So I don’t agree that this is a good thing if true.

    He may be a bit of a cockney plonker but he’s our cockney plonker.

    “Please stay at our club, Please stay at our cluuuuuubbbbb. You plump cockney plonker. Please stay at our club!” 😀

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  • Magpies-till-d3ath

    Jul 10, 2012 at 11:10 PM

    Comment #8

    Not sure how I would feel about this, but imagine the money! 😐

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  • Sholadona

    Jul 10, 2012 at 11:11 PM

    Comment #9

    From the Chronicle:

    “United also operate a policy to interested buyers which means they must first purchase a five year season ticket on an executive box to show they are genuine.”

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  • robbtoon91

    Jul 10, 2012 at 11:14 PM

    Comment #10

    The Chronicle has just dismissed this story. I dont think a takeover would be ideal for us at this moment in time we’re in a stable condition and the policy we have been using for the past 2-3 years has paid off big time. Once we get to that next level breaking into the Champion League then a takeover might be beneficial. Currently really happy at how we are being run just hope we can tie up some transfers in the next couple of weeks to give them time to bed into the team.

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  • BigB75

    Jul 10, 2012 at 11:15 PM

    Comment #11

    The old saying “If it’s not broke, don’t fix it”… go some where!!!! I love the way the team is operating.

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  • ToonDarnSarf

    Jul 10, 2012 at 11:22 PM

    Comment #12

    Agree with most of the comments so far. The club is well run and with a sensible business plan for the future. I don’t want to see an uncertain future with a new owner, who might want to bring in his own manager, and who knows where that will take us. Look what happened last time.

    Mashley may have made some daft mistakes, but we’re in a better position now than before he bought the club.

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  • ToonDarnSarf

    Jul 10, 2012 at 11:24 PM

    Comment #13

    How much extra sponsorship would be needed to use an engine that allows a thumb up/down option? Would be great to see that and hide posts with overly negative responses, and/or ban users who constantly post negatively reviewed posts…

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  • johnboy

    Jul 10, 2012 at 11:28 PM

    Comment #14

    I’ve always found the Kuwait Times a great source of information! This news clearly has substance!!!!

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  • santonthenewmaldini

    Jul 10, 2012 at 11:29 PM

    Comment #15

    hope we do not get taken over as i love the way the club is being run at the moment!

    I think this week we will have signed probably curtis good and 1 more player would like it a to be debuchy but i think we need a left sided defender more than him i remember we were in for the swansea left back last year taylor?

    he would be great for us as he is left footed, quick, bombs forward and knows how to keep possession him and santon raiding down the wings would mean we could play 433 amazing with them providing the width and arfa and cabaye pulling the strings in midfield!

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:29 PM

    Comment #16

    @ToonDarnSarf

    While I agree with the premise, surely that flies in the face of what this blog is trying to do, which is to give every NUFC fan a voice to make their feelings known.

    While these feelings may not be popular, or even rational, an element of mob mentality could serve to quieten any dissenter in the ranks. And while that may sound like a great thing none of us have the right to demote anyone’s opinion as invalid.

    I am a vocal opponent of one such blogger who comes out with complete and utter tosh at times but I wouldn’t want to ban him, otherwise we’d have people feeling sorry for him. It serves me better for him to keep coming on here and making a tool of himself on a daily basis 😀

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  • VanCanToonFan

    Jul 10, 2012 at 11:30 PM

    Comment #17

    This story has got to be bogus. No way would MA let the club go for £80 million. Maybe a few seasons ago when we were relegated, but not now. Not with the amount he has invested in it.

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  • rich_toonfan

    Jul 10, 2012 at 11:31 PM

    Comment #18

    This is a total catch 22 situation.

    I like the way the club is currently ran although I don’t see us regularly being able To challenge for silverware. I like the fact if we do win something it will be through great management and the players giving their all for the shirt.

    Although I wouldn’t mind being in man city’s position either. People say rich owners get bored but abramovich has been at Chelsea nearly ten years and still stumping up the cash.

    In reality financial fair play won’t matter. There are many ways round it and I can’t see uefa kicking teams out of its competitions. Would cost them way to much in advertising and sponsorship of barca or real weren’t in champs league.

    I wouldn’t mind a rich owner and I like how man city are spending 100million plus on a state of the art academy. Shows the owner is in it for the long term and wants to develop, they also put a lot into regenerating the local community.

    The thing with rich owners is you can never guarantee the level of interest and the longevity of the interest they will have.

    I don’t think i would be unhappy with either outcome but a classic saying springs to mind……”better the devil you know”

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  • VanCanToonFan

    Jul 10, 2012 at 11:32 PM

    Comment #19

    Also: be careful what you wish for. Aren’t QPR supposedly the second-richest club in the world? And look at the mess they are in – they buy our castoff players.

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  • Spoof

    Jul 10, 2012 at 11:34 PM

    Comment #20

    I hope it happens, time after time Ashley spends less than what he brings in and we call it progress, we have improved due to a superb coaching team, give that team some cash and we could finally fulfill the potential which we all know we have, its a gamble which outcome is unknown, but I would take the chance, squibbling over £2m or so for de Jong and Anita is not progress, its hampering, lets wake up and get rid

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  • Peter

    Jul 10, 2012 at 11:35 PM

    Comment #21

    prefer to work hard and enjoy glory (if/when we win something) than pay and expect glory just isnt as thrilling plus transfer season wouldnt be as great as they are now …..

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  • rich_toonfan

    Jul 10, 2012 at 11:37 PM

    Comment #22

    Although people are against money and just buying titles there isn’t many other ways of going about it.

    There are a lot of clubs who have rich owners now and it’s only a matter of time til a clear gap opens up.

    You will have the odd team have a decent season and maybe break into the pack but over time the gap will open up.

    It’s difficult what to say, just think that it would feel cheap buying a top side and winning a trophy but sure we would get used to it

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  • ToonDarnSarf

    Jul 10, 2012 at 11:37 PM

    Comment #23

    Ruddy – I see your point. Although that doesn’t excuse the SMBs that come here to take the p*ss…

    Would at least be nice to be able to sort or filter comments by most/least popular and so on. And perhaps also allow replies to particular comments. If you can’t keep refreshing it, it can be tough to notice if someone has actually replied to you sometimes…

    Not sure how much all that would cost to implement and maintain though…

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  • wynsleap

    Jul 10, 2012 at 11:40 PM

    Comment #24

    Can’t understand how this can be ‘lazy journalism’ when it’s actually coming from Kuwait and not our rags.
    It may indeed be a load of rubbish but totally agree with Kyo @ 4.
    Scratching around with free transfers and ‘maybes’ like Bigirama and Good is never going to make us a realistic challenger for anything.
    Happy to stay with Ashley for now but if this unbelievably goes through and we see some genuine investment in the marketplace then I’m all for it.
    Sick of winning nowt.
    We might also get to see St. James Park being restored to its correct and former glory instead of looking like a bring and buy sale.

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  • blackerz69

    Jul 10, 2012 at 11:41 PM

    Comment #25

    Hope not, would ruin what we’ve worked so hard for the past few years.

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  • graham cwarr

    Jul 10, 2012 at 11:42 PM

    Comment #26

    @wyn id rather win nowt and stay top flight than buy a title and freefall when the money gets bored

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  • The Boy

    Jul 10, 2012 at 11:42 PM

    Comment #27

    I like how the club is being run at the moment and you know what they say better the devil you know

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:42 PM

    Comment #28

    Spoof

    Must say that’s a fairly apt moniker. Firstly De Jong only has eyes of Borussia Monchengladbach, he does not want to come to Newcastle. We supposedly made a bid of 12 million quid which is valuing him more than Papis Cisse, surely that shows commitment from the club to push for targets in the transfer market.

    Reports that Anita has been valued at 8 million should put us off, bid no more than 6 million and be done with it. If they don’t like it move on to the next target.

    Succumbing to demands made by other clubs to squeeze a couple of extra million out of us is the way we used to do transfer business and I must say that we overpaid for a ridiculous amount of players. Remember Marcelino? Boumsong? Bramble? Viana? Owen? With a stricter fiscal policy we would never have signed these idiots so please bear that in mind when you feel critical of the club’s transfer policy.

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  • rich_toonfan

    Jul 10, 2012 at 11:45 PM

    Comment #29

    Cwarr

    See your point but people said that about Chelsea. They have been around champs league for nearly ten years.

    As I said earlier…..it entirely depends if the owner comes in for the long term and wants to invest in the club and the like man city….or if e wants to come in and almost run the team like abramovich.

    The problem is we won’t know the intentions until they own the club….and then it would be too late.

    I don’t think it’s anything to worry about, totally out of our control.

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:47 PM

    Comment #30

    There seems to be a link made between the amount of money a club has and the success they have. Surely the Financial Fair Play rules that are being introduced by UEFA are going to reward a team like ourselves.

    QPR are mega rich and it will be years and years, if ever, before they start reaping any dividends from the constant investment they are plowing into their side. They spend 5 million quid and god knows what in wages to Park Ji Sung for crying out loud!

    @ToonDarnSarf

    Yeah I kind of get what you mean but it probably would be pretty hard to implement, with the blog, as with the club:

    If it ain’t broke, don’t fix it 😉

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  • graham cwarr

    Jul 10, 2012 at 11:48 PM

    Comment #31

    @rich aye but it’d be just our luck to get owners willing to spend. Theyd bring in ‘arry and he’d ruin us and they’d pull out lol. Just our luck.

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  • ToonDarnSarf

    Jul 10, 2012 at 11:48 PM

    Comment #32

    Spoof – spends less than he brings in? You sure about that mate? Check the accounts, he’s been keeping the club afloat for a few years now. The previous owners basically saddled us with debt, including signing players based on future earnings.

    It aint Championship Manager you know…£35M from Carroll doesn’t mean a £35M transfer fund

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  • Spoof

    Jul 10, 2012 at 11:49 PM

    Comment #33

    blackerz69, what have we won in the last few years,f–k all is the answer, why stay loyal to someone who hasn’t won anything, its a gamble which might backfire, but if the gamble is to win nothing or to win nothing then its a gamble we have to take

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  • rich_toonfan

    Jul 10, 2012 at 11:51 PM

    Comment #34

    @ruddy

    See your point totally with transfers.

    What I would counter with is that yes we shouldn’t spend over the odds on the likes of the players you mention but sometimes you need to spend over to get the player you want.

    Take cisse as an example. We didn’t meet their demands of 13ish million and ended up getting him for 8 in January as they were worried about the relegation release clause.

    What if Freiburg had a good run and they didn’t need to sell cisse. The 2nd half of our season wouldn’t have been anywhere near as good, or at least somebody else would have got to have gotten those goals.

    The way the club works now is using calculated gambles. It paid off last year but it could easily back fire this year.

    I’m not complaining, it is probably the best policy to use with our budget but if we had that extra money imagine what pardew and Carr could do.

    Still a gamble not knowing the new owners intentions. At least we know Ashley brings stability.

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  • Beardo

    Jul 10, 2012 at 11:54 PM

    Comment #35

    Some of you have no souls.

    If we won a trophy after splashing hundreds of millions, for me it would be met with a sombre “yipee”. Then I’d go on agreeing with other team’s fans who said we’ve artificially manufactured our triumph, staring into the void, an empty vessel, asking what were all those years of striving, stirring snippets and strife for?

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  • graham cwarr

    Jul 10, 2012 at 11:54 PM

    Comment #36

    @spoof blackerz never claimed we’d won anything. And given the progress our team has made its worth seeing out ashleys 5 year plan rather than dropping our knickers to the first wealthy guy that comes along. Out of our control but i coudnt disagree more with you

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  • Ruddy Marveaux-lous

    Jul 10, 2012 at 11:54 PM

    Comment #37

    Spoof

    Are you for bloody real? You do know that we haven’t won anything of note since 1969 and nothing domestically since 1955.

    Just because we haven’t won anything under Mike Ashley (who is only in his 5th year at the club) does not mean we should just, as you so subtly put it, get rid.

    We spent millions on marquee players, and won nowt, and now we’re doing it this way. And I think we are closer to winning something with prudent fiscal sensibility than we ever would be by just pumping millions and millions into the side. We have a sensible scouting system and an intense focus on youth development. These are all due to Mike Ashley’s vision for the club and you’d do well to remember that.

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  • gorgonzola ( former Pecorino former to gorgonzola)

    Jul 10, 2012 at 11:57 PM

    Comment #38

    Rich

    well said….I think the situation is football is very obvious…we want good players its unfortunately money and lots of it…tbh Even though De Jong is being priced above his price so be it..

    What does that mean? I mean if Carroll is sold for 35 mill you have your answer right there. De Jong should be 100 mill….Cisse 200 mil doesnt work like that…

    A player is worth how much he is worth cause the club put his worth end of….

    Surely you would not like to sell Tiote for 5 mil close to 10 mil or more…..its same for everybody….

    I agree with some of the comments…personally if Newcastle wants to play with the big boys again, balancing the books is not going to do it for us simple….

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  • graham cwarr

    Jul 10, 2012 at 11:58 PM

    Comment #39

    @Beardo i don’t have soul. I sold it for a lock of ginolas hair. And i know beattie has no soul. He’s ginger

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  • Ruddy Marveaux-lous

    Jul 11, 2012 at 12:00 AM

    Comment #40

    Rich Toonfan

    Marcelino came to us with the reputation of being a tough defender and he ended up nursing a broken finger, Viana was tipped to be the hottest young prospect from Portugal and turned out to be an expensive flop, Bramble was touted as England’s hot young defensive star and we all know how dreadful he was. The point I am making is those were the players we wanted, these players may not have been half as dreadfully remembered had they not cost the club so much bloody money.

    If Amalfitano doesn’t quite cut it, at least he was free. If Biggy doesn’t fulfill his potential he still only cost 1 mill. If Obertan doesn’t get into gear he still only cost 3 million. Papiss may not have scored half the goals he did score and could have been a flop, which necessitated trying to get him as cheap as possible.

    Every player has a price, if that price is deemed to be in excess of his value then forget about him. We have scouts in the four corners of the globe, why pay 16 for de Jong when we can get a player of equal, if not better quality for half or even quarter of that price. It seems nonsensical.

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