The Evening Chronicle immediately put a report out last night related to the Kuwait Times report, that Chairman Jamal Al-Kazemi of Kuwait’s Arabi Club is seriously considering buying Newcastle United.
Mike Ashley – Newcastle owner
The report played down the truth of the report, and basically said nobody had contacted Newcastle about this.
We must say we were skeptical of the report initially, and when somebody says they can tie up the deal by next week, when there would be all sorts of due diligence to be done looking at the financial books, it sounded just a little bit artificial.
And of course there’s not way that Mike Ashley would sell Newcastle now for £80M, which he was willing to do when things were not going so well on Tyneside.
But we’ve seen a huge change in the last three years since we were relegated, and it seems the owner has learned a lot from his previous mistakes, and certainly Newcastle are now being held up as a club to be admired for the way they run their business, both on and off the pitch.
Newcastle do not like to comment on media reports, otherwise they’d be busy doing that all the time, but the reports are that there has been “no offer or communication” with Mr Al-Kazemi.
And of course it would take a lot more than £80M to tempt Mike Ashley to sell, but why would he want to sell now, when he seems to be starting to crack the code on how to run a football club?
Ashley has given long term contracts to those who matter at Newcastle, like Alan Pardew and Graham Carr and top players like Fabricio Coloccini, Tim Krul and Jonas Gutierrez, so it certainly looks like he’s in for the long term.
And this coming season will be the very first time under Mike Ashley that Newcastle have been part of European competition, so if you were going to sell Newcastle, now’s not a particularly good time to do it.
We’ll see how this news develops, and we may still have an official statement from the club today.