No Contact With Newcastle By Supposed Kuwaiti Buyers


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.

Comments welcome.



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35 comments so far

  • jesperfuglsang

    Jul 11, 2012 at 8:23 AM

    Comment #1

    These stories will just keep on surfacing every teansfer season.

    Papers need something to write about, to keep the momentum going.

    It is just up to us readers to filter the crap out 😉

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  • Vader

    Jul 11, 2012 at 8:25 AM

    Comment #2

    £80m? Whole lot of crap.

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  • jesperfuglsang

    Jul 11, 2012 at 8:26 AM

    Comment #3

    Ohh anf just for the fun of it 😉

    First!

    …and you heard it first here.

    Did I forget something?

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  • Ben3arfa

    Jul 11, 2012 at 8:28 AM

    Comment #4

    the truth is that ashley would most probably sell up if he got his money back with a little on top

    this whole stroy seemed to be phoney from the offset

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  • Markaccus

    Jul 11, 2012 at 8:29 AM

    Comment #5

    Its easy to filter out the crap. If a story or report FIRST appears on a piece of paper with a big red bit near the top, and some sort of contrived pun as a title, then it is CRAP!

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  • HullMag6

    Jul 11, 2012 at 8:29 AM

    Comment #6

    I suspect some lazy journalism at play, re hash of an old story. As painful and drawn out a quest for glory would be I’d prefer it this way. It’s all good business, morality and ethics wise.

    But if a take over did happen then i would hope for long term (academy) investment as well as a short term glory grabbing signings.

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  • toonincheek

    Jul 11, 2012 at 8:30 AM

    Comment #7

    £80 million for NUFC?
    And Barca linked with Yoham – for £8 million.
    Pathetic journalism
    (and pathetic offers if they are made)

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  • Markaccus

    Jul 11, 2012 at 8:31 AM

    Comment #8

    I keep getting error reports when I post a comment, but when I refresh my comment is there. Wtf?

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  • Persian Geordie

    Jul 11, 2012 at 8:32 AM

    Comment #9

    80m?!?!?!?

    Thats the price of (Ben Arfa + Cabaye & Tiote) alone.

    neeh, bull$hit media crap.

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  • Vader

    Jul 11, 2012 at 8:33 AM

    Comment #10

    Actually, if they mentioned a figure of over £200m, I could have believed it.

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  • Markaccus

    Jul 11, 2012 at 8:33 AM

    Comment #11

    The offer was alleged 300M not 80M. 80M was ashleys price a few years ago. 8M for cabaye is an insult though, if true.

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  • Slank

    Jul 11, 2012 at 8:35 AM

    Comment #12

    ‘…Kuwait’s Arabi Club is seriously considering buying Newcastle United..’ I’m also seriously considering buying Newcastle United. The fact that I don’t have the money hasn’t stopped me seriously considering things.

    The story feels like a load of tripe. Mike Ashley will sell some day but it will be for silly money. The way the club is going its value has rocketed in the last two years. Any buyer will have to spend big to relieve Ashley of this club. We are talking hundreds of millions. Unlike Nottingham Forest who had to sell to the same Arabs, Ashley doesn’t need to. The club will be self financing this year.

    The only dubious connection with the same Arabs, who bought Forest, with our club is that Notts County are also called the Magpies. Possibly some thick Arab journalist got his dishdasha in a twist.

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  • darrenfletcher88

    Jul 11, 2012 at 8:37 AM

    Comment #13

    There nothing better than seeing breaking news on skysports about transfers let’s hope it’s us,I’ve got a feeling it will be cissoko today if not tomoZ!!!!!!!!!!!

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  • GeordieToon89

    Jul 11, 2012 at 8:38 AM

    Comment #14

    Hahahahahahahahahahahah £8 million for Cabaye made me giggle a rather lot

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  • ~Perchinho the Pheonix~

    Jul 11, 2012 at 8:40 AM

    Comment #15

    So first of all pretty much our whole starting 11 gets linked to other clubs. Now our club is being linked to new potential owners?

    What next? “Newcastle Janitor wanted by Man United”?

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  • sks_toon

    Jul 11, 2012 at 8:40 AM

    Comment #16

    I am from the region and I think if a Kuwaiti guy or anyone from the gulf buys the team then it would be a good thing because a lot of money will be coming in. I read many comments saying the devil you know is better well it’s 50/50, a new guy can come in and still take us on a solid path or mess things up we don’t know. The most important thing is that if anyone eventually buys the club from Ashley whereever they maybe from, is that they surround themselves with good footballing minds that are in the club like Carr and perhaps other people that are not in the club currently as upgrades to current employees. I am just worried that a new owner will make too many changes at once and that is not a great thing in our situation.

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  • ~Perchinho the Pheonix~

    Jul 11, 2012 at 8:41 AM

    Comment #17

    GT89. The article made a mistake. It was suppose to be
    8mill + Messi.

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  • Hatem's better than Messi

    Jul 11, 2012 at 8:42 AM

    Comment #19

    Just has to check the calendar .. it’s not April 1st.

    While its nice thinking we have a well run club, living within its means. We do owe 140M.

    We do the same as clubs with bigger spending owners.
    Just on a smaller scale. Ask Coventry.

    If the Kuwaiti prince exists. So long as he wants us to be number one and spends accordingly, I’d like to see us win the league. Then compete in the CL with a chance of winning it.
    So sorry Mike nice try, you downsized our expectations very nicely. Now move over and let us dream again.

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  • Markaccus

    Jul 11, 2012 at 8:44 AM

    Comment #20

    Ohhhh indi aneobi, ohhh indi aneobi, ohhhh indi aneobi, that’s what its all about!

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  • magpie6699

    Jul 11, 2012 at 8:45 AM

    Comment #21

    Wow – it’s not true! Steps back in amazement!

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  • Markaccus

    Jul 11, 2012 at 8:52 AM

    Comment #22

    Downsized expectations??? Nah, mate, realistic expectations. Newcastle will eventually challenge for the title, maybe in a couple of years, but I prefer we build to it slowly, than try to do it too fast and potentially fall appart with too many big egos, high wages and burned out young players.

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  • Ibizatoon - Back by popular demand

    Jul 11, 2012 at 8:53 AM

    Comment #23

    Hatem….So when they come in and the Messi transfer is no longer “pending” and we’re a further £200m in debt, will you be changing your blog name? Or will Hatem still be better?

    Yes, the club does have debt. Is it being controlled and reduced? I do believe it is. In a time where financial difficulties are destroying not only football clubs and businesses but whole financial markets and countries, do I think this is good, I sure do.

    I can’t see an international investor wanting to buy the club and build slowly in a sensible manner. I personally would rather we stay where we are for now than be in the onerous position Man City, Chelsea and Man U find themselves in. What happens when their wonderful owners have had enough and decide to stop pumping money in?

    If we can be run like we are and still be within touching distance of that top 4 (which we were, somehow), what’s the problem?

    I suppose time will tell. If Mike did sell and suddenly we were competing on all levels, would we all be happy? Most likely. However, I must say for the first time, in a long time, I am really proud of our club on so many levels. I don’t think i’d feel the same right now if I was a Man City fan.

    If your success is not on your own terms, if it looks good to the world but does not feel good in your heart, it is not success at all

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  • jesperfuglsang

    Jul 11, 2012 at 8:57 AM

    Comment #24

    I always thought these kinds of rumors shows peoples true color!

    …but do amazes me what people buy into and why they do it.

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  • martoon

    Jul 11, 2012 at 9:02 AM

    Comment #25

    Slank @12 – I think you are spot on – that will be exactly where the story has come from. Even if the story were true there are still the new UEFA financial restrictions we would have to adhere to.

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  • Hatem's better than Messi

    Jul 11, 2012 at 9:02 AM

    Comment #26

    @Ibizatoon – Back by popular demand

    I could change my name – I don’t think I’d be the first.

    Lol, you don’t think we’ve bought 5th position in the league?

    I’m sure Coventry supporters look on us exactly as you look on citeh.
    Football’s all about money, we might as well have the richest owner we can.

    Buy Messi – yes please love to see him in b&w … 😉
    That’s why I wouldn’t mind an Arab state owning the club.

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  • Markaccus

    Jul 11, 2012 at 9:10 AM

    Comment #27

    @martoon. Morning mate. Yes, everyone seems to forget about the new rules. Clubs in europe cannot operate at a loss anymore. Winning the title is great, but its a bit empty if you are not allowed to compete in the CL.

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  • wynsleap

    Jul 11, 2012 at 9:14 AM

    Comment #28

    martoon and Markaccus – Yes these rules are coming but like many people have said on here, those owners with REAL money will get round them one way or another.
    Can you honestly see Man City, Manure and Chelsea stop spending.? The money will come in and out in some mysterious fashion I have no doubt.

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  • Markaccus

    Jul 11, 2012 at 9:16 AM

    Comment #29

    Wynsleap, yes there will be a loophole here and there, but it’ll still curtail some of the rediculous fees some players attract, some amounts of money that high you just CAN’T hide 😉

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  • Slank

    Jul 11, 2012 at 9:27 AM

    Comment #30

    Hatem’s better than Messi @ 19

    ‘…We do owe 140M…’

    There is no ‘We’. There is only Mike Ashley. He owns the club, its profits and its debts.

    When the club becomes self-financing there will be an opportunity for Ashley to reduce the £140M.

    We are not in the terrible financial mess like ManU who are having to issue shares in the USA so that the Glazers can continue to give themselves a very nice payout each year.

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  • Munster Mag

    Jul 11, 2012 at 10:19 AM

    Comment #31

    Ibiza at 23 ….in fairness mate I was with some City fans when they won the league, and they are as proud now as they were then!

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  • Munster Mag

    Jul 11, 2012 at 10:21 AM

    Comment #32

    And wouldnt it be nice to get rid of all that Sport Direct rubbish and name channge?? A Kuwaiti owner could follow Ashleys model and run us well, but perhaps in ject more money when needed. Therefore we’d probably have De Jong and Debuchy in the bag by now, having spent only about 4 mill more!

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  • negative fan hater (jakesome)

    Jul 11, 2012 at 10:36 AM

    Comment #33

    Can some of you not read ??
    £80mill was just after we were relegated and was probs an accurate valuation at the time.
    slow down and read all the words on the screen not just some of them……..

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  • wynsleap

    Jul 11, 2012 at 10:58 AM

    Comment #34

    Munster Mag @ 30
    A sensible statement fella.

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  • CAToon

    Jul 11, 2012 at 2:00 PM

    Comment #35

    Anyone surprised these stories appear about the same time every year – during the transfer window. It’s more likely the story is designed to “disrupt” the clubs transfer dealings. I would not be surprised if a club associated with the supposed buyer is behind the story. After all, football is not only played on the pitch, there is as intense a battle going on behind the scenes.

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