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New Clarification From Bin Zayed Group – Everything Is In Order For A Successful Takeover


Sheikh Khaled is still in negotiation with Mike Ashley over a £350M acquisition of Newcastle United, but there have been conflicting stories in the press about just how far along the attempted takeover is.

Sheikh Khaled bin Zayed al-Nahyan’ company – Bin Zayed Group – have for the second time issued a statement clarifying what they have done in trying to acquire Newcastle.

And it’s right in line what the Sun reported last Monday – which broke the news wide open.

They say a £350M deal was agreed with Mike Ashley and signed documents have been sent to the Premier League.

They also say that on April 17th, the proof of funds statement was sent to the layers of the Newcastle owner.

They also point out that the Premier League’ fit and proper ownership background investigation will take some time – but it seems the Bin Zayed Group have done everything required of them for the takeover.

Notice how good it looks – there are no Sports Direct Ads

Here’s the new statement from Bin Zayed Group’s Managing Director Midhat Kidwai:

“In consideration of the numerous speculations in regards to the timelines of the acquisition of Newcastle United Football Club by Bin Zayed Group, we feel the need to issue this statement.”

“Terms have been agreed between us and Mike Ashley; these terms have been reflected in a document, signed by both parties, which has been forwarded to the Premier League.”

“The proof of funds statement was forwarded to Mike Ashley’s lawyers on 17 April 2019.”

“The so-called fit-and-proper Premier League process is a standard procedure which will take time, and we are doing all we can to assist the Premier League during this process.”

“We feel the need to clarify this point in order for the fans and the general public to understand the timelines.”

What we need now is a clear statement from Newcastle United on whether this new statement is accurate.

We have (as usual) heard absolutely nothing from Newcastle owner Mike Ashley.

We hope Ashley isn’t up to his usual games – maybe he doesn’t want to sell the club?

Comments welcome.


58 comments so far

  • G

    May 29, 2019 at 1:43 PM

    Comment #1

    Please be real!

    2
  • Lovem or Hatem

    May 29, 2019 at 1:44 PM

    Comment #2

    Hopefully a statement form NUFC

    0
  • G

    May 29, 2019 at 1:45 PM

    Comment #3

    I still have a horrible feeling the wheel is gonna fall off here, but so far everything looks like it’s moving in the direction we fans want. Please prove my gut instincts wrong.

    0
  • Optimistic Oryx

    May 29, 2019 at 1:45 PM

    Comment #4

    I’ve changed my name to make our new friends welcome.

    7
  • beermonkey

    May 29, 2019 at 1:46 PM

    Comment #5

    lovem or hatem

    it would need ashley to sign off on players and rafas contract
    doesnt look like he is willing to help on that front

    0
  • G

    May 29, 2019 at 1:46 PM

    Comment #6

    OP, I mean OO, perhaps you should change your Avatar to something more fitting, maybe superimpose Rafa on Saladin or similar?

    1
  • beermonkey

    May 29, 2019 at 1:46 PM

    Comment #7

    should add really

    there could be rules in place to stop it
    i dont know

    0
  • Lovem or Hatem

    May 29, 2019 at 1:47 PM

    Comment #8

    Midhat Kidwai
    ? @MidhatKidwaiUAE
    40s41 seconds ago

    Greetings, Bin Zayed Group LLC have released a statement to the press today to clarify the information so far. We hope to further inform the press once the process is further advanced. ???? ?????. Media enq. bzg@binzayed.ae #nufc

    1
  • DubaiMicky

    May 29, 2019 at 1:47 PM

    Comment #9

    Stop even doubting this guys, they did dd in March!

    It’s done! We’re Arab owned!

    Shearer, Keegan and Lady Robson in the Directors box, rename #9 to Shearer’s bar.

    22
  • Lovem or Hatem

    May 29, 2019 at 1:48 PM

    Comment #10

    @ beer

    Yeah, it could depend on Ashley being helpful – Man City managed to but players, when they had not officially completed the takeover

    2
  • JDdubai

    May 29, 2019 at 1:48 PM

    Comment #11

    This statement(if true)has just shown that all the press, online commentors, experts etc have no clue about what is happening. So many said insiders/their sources knew newcastle doubted they have the resources and it was all h0rsesh1t as they had it for a month.

    Therefore any unoffical comment from now on can be ignored completely as there is no-one itk who has accurate info. So no need to panic if doubt emerge again from unoffcial sources etc, just reeeeelax and wait.

    Actually Micky is the only itk i will believe ?

    7
  • ben.g

    May 29, 2019 at 1:48 PM

    Comment #12

    I’m off to sheikh my booty, later

    1
  • yogz69

    May 29, 2019 at 1:50 PM

    Comment #13

    How many people will buy @dubiamicky a beer if he flys over first game of the season??

    18
  • DubaiMicky

    May 29, 2019 at 1:50 PM

    Comment #14

    Re @MidhatKidwaiUAE – That’s the sort of language he uses, starting with Greetings. So I suggest that’s genuine too.

    5
  • 9

    May 29, 2019 at 1:51 PM

    Comment #15

    The really great news is we’re getting spending owners. A side benefit will be the absence of murderous back biting among the idiot fraternity on here.

    1
  • simon376

    May 29, 2019 at 1:52 PM

    Comment #16

    Love the new pic Micky

    3
  • DubaiMicky

    May 29, 2019 at 1:53 PM

    Comment #17

    Where’s the frog when you want him? and ilovetoon8889, and jib/jane etc????

    7
  • Mag52

    May 29, 2019 at 1:53 PM

    Comment #18

    So very pleased for Ilovetoon.
    He must be one happy little **************.

    3
  • Shadow_Shearer

    May 29, 2019 at 1:54 PM

    Comment #19

    As I said before, none of this news means nothing. The only news that matters is the official confirmation of the takeover. Until then all news is nonsense.

    1
  • JDdubai

    May 29, 2019 at 1:55 PM

    Comment #20

    Like the idea of inviting KK back in some capacity(club ambassador?) if/when it is completed, 9 bar back to shearers too

    3
  • yogz69

    May 29, 2019 at 1:55 PM

    Comment #21

    Oops spelt his name wrong

    0
  • martoon

    May 29, 2019 at 1:56 PM

    Comment #22

    DubaiMicky – Loving the new avatar.
    Let’s hope the Sheikh passes the FA test – though how they go about checking where his wealth comes from etc. I don’t know?

    3
  • RobLeenio

    May 29, 2019 at 1:56 PM

    Comment #23

    Can you imagine the atmosphere at the first home game next season when they trot out all the former legends who have been let down by the club over the last 13 years? Shearer, Keegan, Given, Jonas.

    Each cheer getting louder, then they introduce the new owner coming out with fireworks and music blaring.

    I’ll back us to beat anyone that day, no matter who we sign this Summer.

    6
  • Blofal

    May 29, 2019 at 1:58 PM

    Comment #25

    I am so happy. I understand everyone being burnt previously but I don’t care. I’m choosing to believe this is real.

    5
  • Calbee HK

    May 29, 2019 at 1:59 PM

    Comment #26

    The patience and struggling of all fans and Rafa finally paid off!

    1
  • Shadow_Shearer

    May 29, 2019 at 1:59 PM

    Comment #27

    Yes he wants to buy Newcastle bla bla bla.
    Amanda stevely wanted to buy Newcastle, didn’t mean the club was sold. I want to buy Newcastle, doesn’t mean I am buying the club.

    Official confirmation please, everything else is a waste of time to read about.

    2
  • hibbit

    May 29, 2019 at 2:00 PM

    Comment #28

    Shadow_Shearer
    you seem all most disappointed ??????????????

    15
  • Swlabr

    May 29, 2019 at 2:01 PM

    Comment #29

    Rob @ 23….great images there, let’s not ask Carver, Pardew or McLaren to the party tho’.

    3
  • G

    May 29, 2019 at 2:02 PM

    Comment #30

    If this happens I may even cheer on the Emirates when they play in their next tournament.

    0
  • Optimistic Oryx

    May 29, 2019 at 2:02 PM

    Comment #31

    You can all choose to do what you will I’ve just shotted 3 vodkas and sparked up a strange green cigar like thing

    17
  • Swlabr

    May 29, 2019 at 2:04 PM

    Comment #32

    OO…..yesss, A shot of Jack and a doobie and goodbye afternoon!!

    5
  • gillmag

    May 29, 2019 at 2:04 PM

    Comment #33

    Is it possible to check with the Premier League to see if they have received this documentation??

    0
  • toonbrother

    May 29, 2019 at 2:04 PM

    Comment #34

    champions league here we come

    0
  • 9

    May 29, 2019 at 2:04 PM

    Comment #35

    Shadow S get real, mate.

    3
  • ITUNDERASHELL

    May 29, 2019 at 2:04 PM

    Comment #36

    There will be thousands buying Sheik gear for the opening game of the season in get hung black and white of course. ITS ON.

    0
  • Genjikai

    May 29, 2019 at 2:05 PM

    Comment #37

    Rob said last night that when i woke up the morning i expected us to be sold!
    Vivid dreams coming a reality.

    4
  • Jib

    May 29, 2019 at 2:06 PM

    Comment #38

    Micky
    Why the f..k you lumping me with Ilovetoon and the frog ?

    7
  • Mickey G

    May 29, 2019 at 2:07 PM

    Comment #39

    I hope we see Mr Frog back he his an honourable man and may seem his work is now complete .
    Me I’m just happy happy happy
    ????????????????

    4
  • beermonkey

    May 29, 2019 at 2:08 PM

    Comment #40

    jail

    must be time for a name change

    1

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