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Breaking News – Ashley Has Sold Newcastle For £350M To Dubai-Based Sheikh



There’s a report in the Sun today that Newcastle owner Mike Ashley has agreed to sell the club for £350M to Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan.

The report is that contracts have been signed and submitted to the Premier League from both Ashley and the Sheikh.

Sheikh Khaled bin Zayed Al Nehayan

Sheikh Khaled is a cousin of Manchester City’s Arab owner Sheikh Mansour and he is also a senior member of the Abu Dhabi royal family.

One thing Ashley said he needed any buyer to supply is money to build the squad and build the infrastructure at Newcastle United – and if this report is true, and we think it is, it looks like we have that.

He is a member of the Dhabi royal family and last year failed in a £2B takeover bid of Liverpool, so he chose the much cheaper alternative of Newcastle United.

A very good choice.

Remember that Liverpool was bought for only £300M back in late 2011 by Fenway Sports Group.

The first job the Sheikh has is to tie down Rafa Benitez to a long term deal improved contract to keep him at Newcastle.

We don’t think that will take long, with the Sheikh asking Rafa what he needs to make Newcastle super successful – and then saying OK.

And the potential new owner is reported ready to provide the funds necessary to build a squad that is limited in numbers and skill but has done really well under the world-class management of Rafa,

This is how we had thought the club would be sold you wake one morning and it’s almost done with contracts already submitted to the Premier League so it will go through quickly.

This also explains some of the delays in the negotiations between Ashley and Rafa Benitez over the last two weeks.

This is excellent news for Newcastle fans and for Rafa Benitez and his team too.

This is an extract from the Sun report about Sheikh Khaled bin Zayed Al Nehayan:

Shaikh Khaled, 61, is president of the UAE Sailing and Rowing Federation but has always had a keen interest in football and loves the Premier League.

He is founder of the Bin Zayed Group – a leading group of businesses with diverse interests in the local and international markets.

The Bin Zayed Group’s key activities comprise four business fields: construction and energy, trading and industry, real estate, technology and financial services.

We believe this is all true, so remember the date – it’s May 27, 2019, when this thing broke.

Comments welcome.


50 comments so far

  • magscar

    May 27, 2019 at 7:51 AM

    Comment #41

    Really hoping this is true but so far it seems it all stems from Sun story – enough said.

    Let’s hope it isn’t just a disgruntled hack at The Sun with Mackem tendencies giving the Mags some back!

    We need to hear it officially via Club before I get too carried away but at least it has been a bolt from the blue not drawn out like Stavely and Kenyon “bids”

    1
  • Charlie in the Gallowgate

    May 27, 2019 at 7:52 AM

    Comment #42

    Me rather have Arab owners than than some hedge fund owning us – hedge funds the leeches if society!!!

    9
  • The next Mike Williamson

    May 27, 2019 at 7:53 AM

    Comment #43

    If it is true which I still doubt, I wouldn’t be surprised to see the likes of Phil Foden come in on loan or some of Man Citys 30m pound squad players. If there is a conflict of interests, perhaps the FA could just ban any trading between the two clubs.

    1
  • Munster Mag

    May 27, 2019 at 7:55 AM

    Comment #44

    If this is a lie by the Sun it would be a disgrace and toon fans should hammer them. If its true, how much worse could a mackem feel today?? 🙂

    7
  • bill

    May 27, 2019 at 8:02 AM

    Comment #45

    I hope that this is true. Rafa only needs a couple of quality players each year and l’m sure he would get us within touching distance of the top four. The main thing is to get the club functioning like a top football club once again.

    5
  • ctommo

    May 27, 2019 at 8:05 AM

    Comment #46

    This summer now has an opportunity to go one of two ways
    1 – The deal talks are false, Ashley issues a statement over the next day or two saying the Arabs have no money. Rafa cant agree a contract as his demands are too much for poor old Mr Sports Direct. Tony Pulis or Mark Hughes come in, get a couple of loan signings through the door, maybe throw Peter Crouch a premier league lifeline, Longstaff, Shelvey, Hayden, Rondon, Schar, Perez all leave and there wasn’t enough time to get new signings over the line.
    2 – Sheikh Khalid is the real deal, no messing about and he takes over straight away, gives Rafa a 5 year contract for the new ‘project’ (Rafa has seemed to say this a lot lately). Makes a statement by tying longstaff to a long term deal, Rafa has full control over who stays and who goes. Shelvey goes for top dollar. In come the marquee signing of Gareth Bale, Thiago Maia, Wilf Zaha and then a few 10m+ players to enhance what we already have. . . . . . Carlsberg don’t make football teams, but if they did.

    Right now, absolutely god (allah) knows what will happen. It is the same old story being spun out and until there is some real source info, it’s hard to believe

    8
  • SA Toon

    May 27, 2019 at 8:19 AM

    Comment #47

    What news to wake up to this morning. Please let it be true! I can’t bear the thought of another toxic season scrabbling about at the bottom end of the table and lurching from one crisis to another. A new owner, a new contract for Rafa and some new quality players…. It could be the start of a beautiful new era. HWTL

    6
  • zargothuk

    May 27, 2019 at 9:31 AM

    Comment #48

    I reckon somebody from the Sun is a mackem and wants us to feel as bad as them when we find out it isn’t true. I feel sick becuase I know some shit will hit the fan.

    0
  • Geordie-john

    May 27, 2019 at 10:40 AM

    Comment #49

    OH DEAR,
    IF THIS IS TRUE IT COULD BE THE FINAL NAIL IN THE COFFIN FOR ALL OF THE MAKEMS OUT THERE.
    THERE COULD BE A QUEUE OF CARDIGANS ( SOME OF YOUS MIGHT HAVE TO THINK ABOUT THAT ONE ) ON THE NEW BRIDGE TODAY WITH THE NEWS THAT NUFC HAS BEEN BOUGHT.

    AND JUST TO REMIND US ALL ABOUT YESTERDAY,

    THE MAKEMS TOP SCORER DID IT AGAIN.
    O.G. SCORED 93M 54 S
    THAT IS DEFINITELY ONE FOR ALL MAKEMS TO REMEMBER 9 3 5 4 9 3 5 4 9 3 5 4 9 3 5 4 9 3 5 4
    9 3 5 4.

    SOMEONE NEEDS TO MAKE A SONG ABOUT THAT ONE I THINK

    MAYBE THE CHORUS COULD HAVE “YOU’RE BACK WERE YOU’S BELONG ” INCLUDED

    NEVER MIND YOU’S CAN LOOK FORWARD TO THE LIKES OF BURY THRASHING YOU’S NEXT SEASON LOL

    3
  • zargothuk

    May 27, 2019 at 3:13 PM

    Comment #50

    Keep it down will ya?

    0


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