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.