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UAE Reporter In Contact With BZG – Takeover Silence Is Key – Deal Not Far Away

The Shields Gazette interviewed Dubai resident and Geordie Peter Redding a day or two ago.

Peter works for Capital Radio out in the United Arab Emirates and provided some much-wanted insight into BZG and Sheikh Khaled.

Redding has been a radio and TV sports presenter, and pundit for more than a decade now.

This is some of the insight Peter Redding gave to the Gazette during the Q and A  interview.

“Sheikh Khaled Bin Zayed Al Nehayan is a well-respected business pioneer of the UAE, of that there is no doubt.”

“A little look at his CV shows how qualified the man is – he is a graduate of Boston University, and he has completed his Ph.D. course work in finance from Michigan State University.”

“He is the chairman and founder of the Bin Zayed Group – established in 1988.”

“Given his wealth you only have to look at the company’s trading and profits.”

“Here in the UAE local business people do not speak of wealth it is known as Haram (forbidden in Islamic law).”

“But it is definitely safe to say he is a serious player.”

“As far as a deal currently – I think the silence is key. And that can definitely be seen as a positive.”

“I have open contact with BZG and, speaking to them, I feel a deal to buy Newcastle United is not far away.”

“Knowing the culture of the UAE and being involved in sport, this is no smokescreen as viewed by many back in the UK.”

“This group are the real deal.”

“I think the BZG group are looking to replicate foreign ownership from the likes of Man City and PSG.”

“While I don’t think that kind of wealth is an option I can see this being huge for Newcastle United.”

That’s very good (and positive) information from Peter Redding.

If we only read what BZG have said things seem (very) positive.

But it’s the club’s leaked information to the Chronicle that has confused things, with Mike Ashley still saying he has yet to receive a formal offer from BZG.

This needs to be sorted out and sooner rather than later.

But we’ve been saying that for nearly four weeks now.

And time marches on.

Comments welcome.

373 comments so far

  • jon

    Jun 21, 2019 at 5:00 PM

    Comment #121

    Pre sale cekebratory drinks again


    Currently trying to persuade a skeptic, it’s happening…… Have faith

  • Tony Baloney

    Jun 21, 2019 at 5:01 PM

    Comment #122

    How does Pingles get away with that name?

  • Bobbybee

    Jun 21, 2019 at 5:01 PM

    Comment #123

    Sheikh Rafa, And it had zero effect. In fact, the only thing that shifted McKeag was SJH’s money. SJH had a vested interest in a boycott, yet it turned out he still wouldn’t sell. In the end, SJH had to pay through the nose to shift McKeag.
    And then there’s the minor issue of the Sky money coming into the club. In comparison, the gate receipts are chicken feed. He’d just give the manager £25m less to spend on players.
    He’ll be gone soon enough anyway.

  • Captain AmeriMag

    Jun 21, 2019 at 5:11 PM

    Comment #124

    Well here it is, the final weekend of Ashley’s regime. A time to reflect on a dark 12 years and look forward to a bright new future. I for one plan to hug my two year old son safe in the knowledge that he will never suffer like we have. Fat Mike will be nothing more than a tyrannical figure from history to him. The glory days are yours my boy, let’s all enjoy them together

  • Sheikh Rafa

    Jun 21, 2019 at 5:17 PM

    Comment #125


    I agree, in hindsight, SJH likely did have an alterior motive, but the pressure from the Magpie Group did work in ousting McKeag and Co and it was a big step away from that stagnent regime.

    If the club isn’t sold this time, will you really continue to go and put up with this never ending fight against relegation until the time comes that you’re unable to attend or fight back against the parasite?

    12 years and counting.

  • hibbit

    Jun 21, 2019 at 5:21 PM

    Comment #126

    only my opinion Captain. but I don’t think anything will happen till the 1st july when everything will just fall into place 😉

  • toon22

    Jun 21, 2019 at 5:25 PM

    Comment #127

    At Mike Ashley’s Newcastle United, trust has left the building and Rafa Benítez is set to follow


  • The Sheikh'sMate

    Jun 21, 2019 at 5:26 PM

    Comment #128

    Ashley is actually a shy person.
    Without the psychology bollocks, if you watch him he’s like a volcano. he’s all smiles and over the top or he’s mega frowning.
    Remember that time he came on TV and lied thru his back teeth saying Rafa could have all generated money for transfers, he couldn’t look at the camera, blushing with a slight stammer.
    If he went head on with someone with equal finances but more intellect he wouldn’t stand a chance… Just my view..

  • hibbit

    Jun 21, 2019 at 5:28 PM

    Comment #129

    Sheikh Rafa
    ST dont have to be renewed till the 4th of July INDEPENDENCE DAY for all nufc fans,

    *don’t know about anyone else but it’s a reminder a day that the deadline is fast approaching*

  • hibbit

    Jun 21, 2019 at 5:31 PM

    Comment #130

    can anyone put that Times article up unlocked …… please

  • Tony Baloney

    Jun 21, 2019 at 5:32 PM

    Comment #131

    BobbyBee: whenever anybody makes the argument of hitting Fatty in the pocket they miss a couple of points. The total gate money, home and away is about 25 million. A lot of that is season tickets so even if people didn’t turn up the club would still get the money.

    Then they say, don’t renew your season ticket that will hurt him. They’re assuming the whole 52,000 will not pay which will never happen. Even if 20,000 didn’t renew that would be about 10 million quid. 2 Joselus!!!

    Hitting Fatty in the pocket with gate receipts won’t make any difference.

  • ToonArmyMidlands

    Jun 21, 2019 at 5:35 PM

    Comment #132

    Hibbit… George Caulkin says…

    The story of Newcastle United’s summer is a story of stasis and, as things stand, there will not be a happy ending, not as far as Rafa Benítez is concerned. With nine days to go until the manager’s contract ends at St James’ Park, talks about an extension have stalled and China is beckoning, offering money (lots of it), and a different sort of challenge. Benítez has one hand on the exit and trust has already left the building.

    Nine days more, but it feels too late. As The Times reported earlier this week, Dalian Yifang head a list of Chinese Super League clubs seeking to negotiate with Benítez once his deal expires, prepared to offer him a £12 million salary. For them, the attraction is clear: a Champions League-winning manager available without compensation. For him, it is about impatience and narrowing options.

    The backdrop to this story is both simple and complicated, featuring a dysfunctional club with its baffling owner, one of the best, most ambitious coaches of his generation, fractured relationships and a tortuous takeover saga that has delayed and disrupted everything. Once again, Newcastle find themselves on a precipice and, once again, nobody has pushed them there. They teeter and wobble, much of it their own doing.

    Even with that context, it seems incomprehensible that Newcastle could have reached this point. Three years on from his arrival on Tyneside, when he spoke about an ailing club’s history and stature, Benítez is adored by supporters, hauling an honest team back from the Sky Bet Championship at the first attempt and then, with minimal investment, twice keeping them in the Premier League.

    The Spaniard has never sought to leave. Quite the opposite. He has forged a deep connection with the city in a manner reminiscent of his time at Liverpool, where he won the European Cup and where his family are still based. All he has pushed for is a chance, to compete with clubs in the upper half of the Premier League, if not in terms of spending, then in ambition, speed of movement, growth of infrastructure. “We must do things right,” has become his mantra.

    The club will say they have been attempting to tie Benítez down for the past 18 months with no success. They will certainly maintain that they want him to stay. Yet their initial approach came when the 59-year-old was fretting about the arrival of new players, adding to his frustration about the club’s priorities, about their approach to the transfer market, rather than soothing them. And talks since then have been haphazard.

    When Benítez met Mike Ashley and Lee Charnley, Newcastle’s managing director, in London in the week after the end of the season, there was some optimism about a compromise being reached. A one-year extension appeared the most practical solution, giving Benítez an early get-out if the club failed to deliver and giving Ashley and Charnley some breathing space and then a chance to re-negotiate.

    Progress since then has been interminable and when an offer came — one year, on the same £6 million annual wage and with none of the structural improvements Benítez had originally asked for — it did not feel like a breakthrough. Benítez is already paid a lot, but he has spent three prime years at a club allergic to its own potential and if they are not prepared to invest in other areas, surely his obsessive efforts to improve the team could be rewarded? Is that not the easy bit?

    But this is Newcastle and nothing is easy. The Sun’s front page exclusive on May 27 — “Toon £350m Sheikh-Up” — revealing that Ashley had “agreed to sell” Newcastle to Sheikh Khaled bin Zayed Al Nehayan prompted euphoria on Gallowgate. Perhaps Ashley’s 12 years of negligence, contentious decisions, two relegations, and a drip-drip of corrosion to the club’s soul was about to end. Perhaps.

    The complexities of Newcastle’s “takeover” are dense, but almost a month on from the Bin Zayed Group’s emergence, the club remains in Ashley’s hands. No exclusivity agreement has been signed and at least two other bidders, one of which is known to The Times, claim to be in the running, and at varying stages of progress. Discussions are being handled by Justin Barnes, Ashley’s Sports Direct fixer.

    Newcastle have officially been up for sale since October 2017, since when both Amanda Staveley’s PCP Capital Partners and Peter Kenyon, the former Manchester United and Chelsea director, have led attempts to buy it. It is the third time that Ashley has tried to jettison the club he bought for £135 million in 2007, although sources close to the process insist that it is different now, that his desire to sell is genuine.

    With bidders being played off against each other, with the details of moving money around, studying accounts and ticking administrative boxes dragging on, Benítez has been caught in the middle, on the one hand told by Charnley that it is business as usual this summer and on the other believing that it is anything but. He has asked for clarity and none has been forthcoming, in part because nobody really understands what will happen next.

    None of it has been authoritative and the clock is ticking down. How can he commit to something — anything — so uncertain? Could he not wait, see how things develop and, if the worst happens, hang around until sacking season this autumn and have his pick of jobs? Definitely, but he is proud and stubborn, too, and he is sick of waiting, unconvinced by what he has heard, whether from Charnley or anybody else.

    In any case, Dalian want him now. Backed by Wang Jianlin, the fourth richest man in China and worth £17.2 billion according to Forbes, they are 11th in the Super League and although Benítez has previously been dismissive about moving to the Far East, wanting to stay within touching distance of Merseyside, his wife and daughters, the landscape has changed. There are no openings in the Premier League and Newcastle are a lost cause.

    Or are they? Even now, at this late, late juncture, could the impasse not break? Could there be an end to the logjam surrounding Newcastle’s future ownership? Could Ashley not, on a whim, lavish Benítez with praise or money or possibilities? At this most impenetrable of clubs, which has offered no public comment on Benítez’s position, nothing is impossible, but time is the biggest villain of all and time is almost up.

    The next week or so may feel like forever. Benítez’s contract protects him from dismissal, to the tune of £6 million, right until the final day, but if Ashley, the retailer famed for his maverick streak, is waiting for his manager to blink first, then dismay will follow hard. It is the end game now and although this could still be the summer when Ashley finally leaves, for some overdue positivity at Newcastle, there may be a hefty price to pay. Benítez is going, going and almost gone.

  • Sheikh Rafa

    Jun 21, 2019 at 5:36 PM

    Comment #133


    It’s not about hitting the parasite in the pocket, it’s about making a statement with an empty ground. Sky would never show a game at SJP with an empty stadium.

  • Moonraker15

    Jun 21, 2019 at 5:36 PM

    Comment #134


    Re VAR they need to clarify the hand ball rule as it ambiguous atm! Hand ball should be deliberate and they have got this wrong a lot recently! It’s easy to decide whether the hand touches the ball but refs seem to be giving penalties every time now as long as there’s hand/ball contact!

  • RUNAWAY777

    Jun 21, 2019 at 5:37 PM

    Comment #135

    Hibbit you really think out will happen this time if so what makes you think it my be true for a takeover this time mate

  • Shadow_Shearer

    Jun 21, 2019 at 5:43 PM

    Comment #136

    There was ppl saying Friday the takeover is going to happen. This is getting ridiculous. How long before you realise this is another hoax. Ashley keeps playing the same trick cause everybody keeps falling for it everytime. There is no takeover and there never was going to be one at the first place.

    Just get ready to burn all the SD shops when Rafa leaves.

  • hibbit

    Jun 21, 2019 at 5:47 PM

    Comment #137

    Tony Baloney
    your also missing 2 very important factors the type of season ticket

    1, the annul renewal due end of june/july

    2, the 10 year deal first payment feb 18 for season 18/19

    3. we have approx 30000 st even if its split down the middle with half on each system he has a very strong position, the 10 year deal fans have already paid 4/5 payments before a ball is kicked ,

    which dilutes any impact not renewing on the 4 th of july would have even if every one joined in

  • Tony Baloney

    Jun 21, 2019 at 5:47 PM

    Comment #138

    Good that Caulkin has actually written something but it tells us nothing we did not know already. It is only his opinion that Rafa would go to China. I find that hard to believe.

  • hibbit

    Jun 21, 2019 at 5:49 PM

    Comment #139

    thank you 😀

  • Frank pingles come sock

    Jun 21, 2019 at 5:51 PM

    Comment #140


    Trading that times article

    It’s not happening is it ?

  • DavidKelly9

    Jun 21, 2019 at 5:52 PM

    Comment #141

    Looking at that report from caulkin its not looking good he is the the one who does not just write for clickbait he only writes when he has pure facts so I now believe fully they will be no sheikh takeover next weekend Rafa is not in the no and it looks like he will leave

  • Tony Baloney

    Jun 21, 2019 at 5:52 PM

    Comment #142

    Hibbit: I don’t profess to know all of the ins and outs. What I am saying is that when some people look at hitting Ashley in the pocket they are assuming a completely empty ground and that will never happen, not even close. I am not trying to get into an argument either. Just saying that the money Fatty would lose by a very successful protest would not be as much as some make out.

    I really have no opinion on how the optics of empty seats would look to Sky. I leave that to others to tell me. We get ALL Premier League games live in the US regardless of attendances.

  • Frank pingles come sock

    Jun 21, 2019 at 5:52 PM

    Comment #143

    Reading that times article I meant

    It’s looks like another cluster5uck

  • Frank pingles come sock

    Jun 21, 2019 at 5:53 PM

    Comment #144


    Agreed , he’s not a willing seller

    It’s over

  • magscar

    Jun 21, 2019 at 5:53 PM

    Comment #145


    Valid economic argument but those who want boycott simply don’t accept it’s validity or say Sky won’t like empty seats.

    I suspect many who argue that it would be effective haven’t recently visited ground and appreciated the make up of a pretty diverse group of ST’s holders and the reality that most are not the type to simply follow a drumbeat and a megaphone and may have their own personal threshold on which giving up would turn. In most cases that is way beyond those whose has already been exceeded.

    On here there are likes of carltoon, Bobby, hibbitt Charlie as examples of different types of people but adamant they won’t give up and I believe they are representative of the broad base of ST holders.

    Many have given up but but the ground even in Championship was mostly full with the Rafa factor a massive influence.

    If Rafa goes without there being sale then as I have posted before that there will be more of a groundswell against Ashley in ground ( as you say ST’s will largely have been already taken up – although is a later deadline this year then usual i think). It will initially be uncoordinated and organic but the situation will be far more ready for manipulation by fans groups than ever before and will grow ever more corrosive.

    Empty ground or increang disatisfaction expressed aagainst Ashley on Tv? which has potential to be the more destructive for him.

    I am still waiting on Takeover in he full knowledge that Ashley is a selfish greedy maverick who could esaily shoot himself in the foot but worse us as well.

    Thisi s different but not yet failure free

  • DavidKelly9

    Jun 21, 2019 at 5:55 PM

    Comment #146

    Tony caulkin dont report rubbish mate he is not lee ryder there is def something in what he is reporting and no takeover is close

  • Frank pingles come sock

    Jun 21, 2019 at 5:55 PM

    Comment #147

    Tony baloney

    Caulkin knows more than most

    He knows Rafas contacts

    He knows one other bidder and because of what they have told him the process is nowhere near completion by any of the 3 alleged parties

  • Frank pingles come sock

    Jun 21, 2019 at 5:56 PM

    Comment #148

    Feel sick

  • hibbit

    Jun 21, 2019 at 5:56 PM

    Comment #149

    RUNAWAY777 good to hear from you mate

    just a gut feeling, and the no comments, these people are big and there’s no way they would lose face and act as ashLIE’S stooges honour means everything to them,

    other than that pure blind faith that his times up

  • Moonraker15

    Jun 21, 2019 at 5:59 PM

    Comment #150

    Ashley, despite his stubbornness doesn’t like adverse publicity. He want to promote the myth that he’s running the club sensibly when in fact he’s driven by greed! If he has a half full stadium with plenty of Ashley Out banners he won’t like it but I’m afraid if he decides he’d gonna stick it out, relegation is inevitable and eventually he’ll offload it.

  • magscar

    Jun 21, 2019 at 6:00 PM

    Comment #151

    I like Caulkin and Hardy but they and others have been disenfrachised of sources and have no story

    Would as many on here, after recent disappointments, even with the BZG announcements be as confident it is real without likes of Micky, Bambams and others putiing some insight and gossip into the mix.

    We can afford to believe – jourmalists ( at least those with integrity) can’t. Even Ed hasn’t been sold on sale is real despite what is on his Blog

  • Frank pingles come sock

    Jun 21, 2019 at 6:01 PM

    Comment #152

    As soon as I heard Shola was back and the whole academy restructure I knew it was business as usual

    No intention to sell

    They will bring in a yes man and he will keep all the academy coaches on they they have just re jigged

    I have zero confidence in Ashley giving up the golden goose

  • Sheikh Rafa

    Jun 21, 2019 at 6:04 PM

    Comment #153


    He only needs to string the potential purchasers along until he decides when to move the goalposts and force a buyer to pull out. The NDA will prevent the buyer from disclosing why the sale fell through.

  • Bobbybee

    Jun 21, 2019 at 6:04 PM

    Comment #154

    Sheikh, having shit owners is part and parcel of supporting a team. If you don’t like it don’t go, nobody is asking anybody to go.
    See what SJH had to say about McKeag. He wouldn’t budge. He had no intention of ever giving up control until SJH paid through the nose. It’s money that people like that relate to, not feelings.
    You think SJP will ever be empty? Let’s say half stopped going. He’d be £12.5 million short. Compare that to the 35m revenue for commercial and 125m from Sky.
    The reason 50k don’t boycott is because of that. It won’t work. Gate receipts are nothing anymore. They make no difference in the greater scheme of things. People know that. They’ve worked it out – not rocket science after all, its basic maths.
    We were far worse in the eighties. Season on season of second division football. You’d think we used to win the league or a cup every other season ffs. You support your team through thick and thin, or if you can’t do that you don’t go. Dead simple. I didn’t sign up to win things – although it would, be nice – I go to watch my team play. Win or lose, like Sunlun fans, or Hartlepool fans, or Leeds, fans – or any other club’s fans. You don’t desert because you can’t have your own way. Or maybe you do, but I don’t. And neither do the majority. You do realise you’re the minority, right?
    You must do what you see fit mate. It’s your money. I’m not telling you how to spend your time or money, am I? I wouldn’t be so rude. What I do with my money and time has absolutely NOTHING to do with anybody else. You view it your way. That’s fine. Your choice. I view it that Newcastle till I die means exactly that. Not just words to use when things are going good.
    If we ever do go down to the first division, I’ll still be there mate. I was there long before Ashley and I’ll be there when he’s gone.
    We just don’t see things the same. As long as Sky pump stupid amounts of money into football, gate receipts will mean nothing.
    That’s just how it is. You’ll never convince me to desert my club. Bottom of the Conference, I’d still turn up.
    I don’t need anybody’s permission, or approval, or anything else. My money. My time. My support. I’ve seen much worse than this in my time.
    Hopefully this deal goes through. Then I’ll be able to enjoy better football, but the only thing that will move Ashley is money. He’s getting what he asked for this time.
    Blame Sky for this, not the loyal fans. They’ve made gate receipts irrelevant. But seriously, if you think SJP will EVER be empty, you’re seriously delusional. It’s not what we do mate.
    I don’t want an argument. There’s no point in one. You do what you must, I’ll support my team regardless. We’re different people with differing views. That’s it.

  • Tony Baloney

    Jun 21, 2019 at 6:04 PM

    Comment #155

    I am not saying I am not worried by the Caulkin article. He does not seem to do clickbait and probably knows Rafa personally. It is the China bit that I am not really buying.

    I will have to join Jon and do some DAY DRINKING because it has me a bit more concerned.

    I have said on here a few times that Rafa’s contract ending was a very big deal when others said otherwise. Caulkin agrees with me on that.

  • toon22

    Jun 21, 2019 at 6:10 PM

    Comment #156

    Over the years MA has used the sale lie to get him out of a fix
    And to be fair it has worked,over and over again

    The current sale lie is being used to cover the fact Rafa is leaving as MA wont invest in the club and has blatantly no ambition

    Were not supposed to notice and juts keep on lapping it up,the same way we have for the last 12 years

    Its literally all hes got,pretending to sell us

  • toon22

    Jun 21, 2019 at 6:12 PM

    Comment #157

    He loves televised protests
    And being confronted in person
    He pays people to control us on blogs like this

    All to keep us from acting in unison against his plundering of our club for his own personal gain

  • Asi Fish

    Jun 21, 2019 at 6:13 PM

    Comment #158

    At end of season and every transfer window MA turns it into a moving dungeon of misery dragging us poor deluded fans along with his smoke & mirrors games…………..and he loves it!!!

    I thought this time was different but it could also be worse than any time before.

    Someone even thinks he has this site monitored………?

    I’m gonna hold the faith for a little bit longer but hypothetically I could take him out from 300 metres in a strong wind. Just sayin


  • Bobbybee

    Jun 21, 2019 at 6:15 PM

    Comment #159

    And on that I gotta take our lass to B&M’s.
    Very poor from England today, probably thought we had it wrapped up. Overconfidence, always a killer in any sport. Ask City after scoring within 30 seconds. 🙂

  • Tony Baloney

    Jun 21, 2019 at 6:15 PM

    Comment #160

    Bloody England. I always thought India should have been favourites. Makes it a bit harder now, but would England have it any other way? NZ probably the easiest, but we are probably about even with the Aussies.


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