New Rich Buyer Interested In Newcastle – But Ashley’s Price Could Be Too High For Everybody


News today in the Evening Standard that Turkey’s richest man, Billionaire Murat Ulker, is looking at possibly buying Newcastle United.

This follows the announcement yesterday by St. James’ Holding that the club was up for sale.

Ulker runs Yildiz Holdings, which is a European food business including well-known brands like McVitie’s and Jaffa Cakes.

But the problem could be the report states he is only willing to pay £220M for the club with Ashley wanting as much as £380M.

And we wonder if putting the club up for sale is yet another ruse by the owner – if he doesn’t drop his price it looks like there will not be many serious buyers.

So in a couple of months, Ashley could come out and say he cannot sell the club and therefore will stay on as owner – and maybe take an investment from a consortium but will remain the principal owner.

Murat Ulker – interested in buying Newcastle United

We cannot get away from that being a possibility.

Ulker is worth a little less than Mike Ashley – about £2.8B according to Forbes magazine.

Financier Amanda Staveley is still in the picture, but she was also thought to value the club at only around £200M.

And she has not yet signed non-disclosure forms so she can take a look at the financial records of the club.

Signing non-disclosure forms is a bit like viewing a house you are interested in buying – so she’s probably not too far along the trail of investing in Newcastle or buying the club.

It looks like she is much more interested in buying Liverpool than Newcastle.

This is what Tom McLoughlin, the Ulker family’s representative in London has said in the Evening Standard:

“The Ulker family have substantial assets and significant investments already in the UK.”

“We understand football and our initial specific target would be to make Newcastle a solid top six club and a permanent feature in Europe with a popular local and worldwide following.”

The right words are there – that’s what we all want to hear.

Ulker is reported to be ready to give Rafa Benitez £60M to invest in new players – and given what Rafa has been given while he’s been at Newcastle that’s a lot of money.

And the Turkish Billionaire wants to buy all of the Newcastle United and not just invest in the club without becoming the principal owner.

We should also expect to get these reports coming out fairly regularly as we did in late 2008 and not too many of them turned out to be serious bids for the club.

We hope this is the real thing and that Mike Ashley really wants to sell the club – finally.

But we’ve been wrong before on that.

What do you think?

Comments welcome.



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14 comments so far

  • magscar

    Oct 17, 2017 at 3:09 PM

    Comment #1

    Repost
    Jail

    Don’t confuse any posters reluctance to over enthuse at this very early stage as Ashley support before or after. Not everyone is desperate or silly enough to think anyone or any circumstances are automatically better.

    We definately need a new owner but not just anyone but a right one.

    7
  • magscar

    Oct 17, 2017 at 3:13 PM

    Comment #2

    hibbit

    “I was just told…..” Ah so you do have insider information of a sort. Keep it coming 🙂

    1
  • Spoof

    Oct 17, 2017 at 3:23 PM

    Comment #3

    £220m £380m, wow, that is some difference in evaluation, it will be interesting to see how high this biscuit man will go and how low will Ashley go, let the bartering begin.

    You know what Ashley will do, which is possibly why he mentioned this referred payment option, he will try and create an auction with a high reserve price so he can sit back and watch them fight for ownership.

    0
  • DubaiMicky

    Oct 17, 2017 at 3:25 PM

    Comment #4

    This is bollocks and it’s been denied.

    Now this on the other hand, this is interesting…

    “Afternoon toon fans.
    So I’ve just had a small twitter conversation with Steve Wraith. This is the Fella who was say next to Amanda Stavley at the Liverpool match.
    Make of this what you will”.

    https://ibb.co/bY7ZmR

    1
  • Jail for Ashley

    Oct 17, 2017 at 3:27 PM

    Comment #5

    magscar,
    Of course we need the right one, I just think it would take a hell of a lot beating to be worse than Mike Ashley, out of the countless different owners in the league since Ashley took over there seems to be about five or six different names mentioned as worse, that’s five or six out of a hundred and twenty maybe.
    Magspuggy,
    Nowt to do with growing up, anyone keep pointing out the downside to him selling up is a bit worried about him leaving.

    1
  • Jail for Ashley

    Oct 17, 2017 at 3:32 PM

    Comment #6

    Since when was Steve Wraith sitting next to Stavely ?

    0
  • Lee Charnley Bunga Party

    Oct 17, 2017 at 3:34 PM

    Comment #7

    With the TV money coming into the game and the commercial revenue the club makes already we wouldn’t need an owner to stick his hand in and splash 300 million out of their own money to make us competitive!!

    For a start charging for advertising to a company and making sure all merchandise goes into the club coffers rather than one of Ashley’s companies would make a big big difference I imagine!

    Investing at the right time as well its pretty easy if we are doing well and there is 40 odd million for a player kicking about let Rafa spend it rather than hoarding it for when we are in relegation trouble !! Ashley never seemed to get that !

    1
  • Spoof

    Oct 17, 2017 at 3:34 PM

    Comment #8

    Dubai

    I once went to the Theatre Royle and Andrew Lloyd Webber was sitting next to me, I did chat to him but he told me nothing about any future shows he may create, now I could have tried to spin a yarn but I didn’t, in all honesty I do believe that Steve Wraith is trying to spin a yarn, some people just love attention.

    2
  • magscar

    Oct 17, 2017 at 3:40 PM

    Comment #11

    Jail

    I believe Wraith was on one side of Stavely hhusband on other Iher believe

    1
  • DubaiMicky

    Oct 17, 2017 at 4:00 PM

    Comment #12

    Spoof/Jail/Magscar, just spreading the gossip…..

    1
  • Jib

    Oct 17, 2017 at 4:05 PM

    Comment #13

    DubaiMicky
    this is interesting…

    No it’s not
    Wraith is an utter bullshitter

    3
  • sparky55

    Oct 17, 2017 at 5:38 PM

    Comment #14

    from last string…

    Magscar

    You’re right…it all depends on someone buying the club in time so he doesn’t lose out on the two massive deals he’s working on.

    The deal I know about is not in the public domain (and this here blog ain’t by any stretch of the imagination public domain to those involved), but I don’t know what the other deal is (maybe that’s the one Hibbit knows about) but there may actually be a third one which is stretching him further still which is why he’s ready to cash in on the assets that don’t cost him equity in the retail stocks he’s already heavily invested in.

    I’ve heard he’s trying to buy back SD so he can delist it, I’ve heard he’s trying to buy into more retail giants to see out his Dr Evil plan to own all sports related space in every retail outlet in every town globally, and I know for sure what he’s doing land and property wise because he’s battling with my mate on every city centre deal that’s going…so he’s a busy man… but the opportunities he wants to pursue are all coming together at the same time which is causing him a cash flow problem and selling NUFC doesn’t impact on his retail investments so it’s quick easy cash if he can sell.

    and that’s why he’s offering terms…he doesn’t need the full value of the club to complete all these deals…he just needs some of it.

    0

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