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Sky Sports Claims BZG Don’t Have Funds To Buy Newcastle

Keith Downie with Sky Sports has followed up on his understanding of the current state of the Bin Zayed Group’s attempted takeover of Newcastle.

This is what Keith has written about why there has been no breakthrough on the deal:

What I will say, though, is that I have serious reservations about the proposed Bin Zayed group takeover.

It’s my understanding that, despite their claims, they have still not submitted proof of funds.

They say they have submitted all of the paperwork, but that’s not what I’m hearing.

The word I’m getting from a number of sources is that they don’t have the money to buy the club.

I do think their interest is genuine and there have been talks, but I think the reality is that they don’t have the funds to complete the takeover.

It was Keith Downie who questioned Peter Redding’s statement from BZG earlier this week. He called into question not only Peter’s credibility but also that of BZG.

Yesterday, Sun reporter Justin Allen stood by his reporting from May 26th when he broke the deal.

He has always maintained that the deal was nearing completion and thus refutes what Keith Downie is reporting.

Here is a tweet from June 3 in which Allen furthers his claims of a deal being practically complete.

We just don’t know who is correct at this point until more information comes to light. What we do know at this point is that Mike Ashley is still doing damage to our club.

It will be interesting to see what kind of a contract Steve Bruce will be on if he is announced as expected.

If he is on a one-year rolling contract like the one he is on now with Sheffield Wednesday, then there may still be hope.

However, if he is given a three to four-year deal then it’s not looking good.

We half expect him to be given the Alan Pardew special, to be honest.

75 comments so far

  • Jib

    Jul 12, 2019 at 9:47 AM

    Comment #41

    Ah he denies it
    Note to self
    Read the comments before posting a link

  • IrishRob

    Jul 12, 2019 at 9:48 AM

    Comment #42

    Mindshaft the trouble with that thinking though is HOW FAR DID THEY ACTUALLY GET. Do u not realise none of us know how far they got, you are just presuming they got to such and such a stage and then using that as evidence to say it has to be bullsht. Which is just ridiculous think about it.

    One of our most beloved owners who would be one of the very few with access to information about the club sir john hall came out and said ashley wasnt lying when he said he hasn’t seen proof of funds. Sjh would legally be allowed to know because he us still on the board and he also get a small percentage of the future sale of Newcastle.

    God can ye not for once see what’s staring you in the face. Bzg are full of it. We know for a fact their liverpool bid fell through last year why??? BECAUSE THEY COULDN’T SHOW PROOF OF FUNDS THEIR EITHER.

  • c-dog

    Jul 12, 2019 at 9:49 AM

    Comment #43

    Allardichi is the best man for the job right at this moment

  • c-dog

    Jul 12, 2019 at 9:50 AM

    Comment #44

    A job under conditions I fully do not support

  • IrishRob

    Jul 12, 2019 at 9:51 AM

    Comment #45

    Mindshaft u dont even know if bzg even had ONE meeting with Ashley. So just stop like. Your a 1st class idiot tbh spouting nonsense you dont know anything about, and you dont have the common sense to know when to stop

  • MarkBro

    Jul 12, 2019 at 9:52 AM

    Comment #46


    Surely not.

    From the chronicle to zero hour contracts on twitter lol

  • posada

    Jul 12, 2019 at 9:53 AM

    Comment #47

    This is a change.
    Someone in the mainstream media essentially calling BZG and their associates a set of time wasters.
    We have been told they are big on their reputation etc etc.

    Surely they will respond to this.

  • IrishRob

    Jul 12, 2019 at 9:54 AM

    Comment #48

    I can’t stand Ashley but too many people have came out and said bzg have no proof of funds. They have prior form here with liverpool and people still can’t realise why they would lie, I can give u one massive reason, PUBLICITY

  • MarkBro

    Jul 12, 2019 at 9:56 AM

    Comment #49

    Dont they need ro show proof of funds quite early in the process? Ifso, why has it taken so long for it to come out?

    Was Ashley happy to let us believe there was a chance of a takeover ?

    Ulterior motives??

  • Captain AmeriMag

    Jul 12, 2019 at 9:57 AM

    Comment #50

    Bruce at Sheffield Wednesday this morning, reporters saying still no official approach and compensation not agreed??

    What the hell is going on??

  • c-dog

    Jul 12, 2019 at 9:58 AM

    Comment #51

    didn’t dubai Mickey say BZG approached him as a possible investor but his shop assistant wage wasn’t enough to get the deal done?

  • geordietom

    Jul 12, 2019 at 9:58 AM

    Comment #52

    Bruce to be handed £ 50 million war chest . £ 30 million off Perez . and £ 20 million of the fat twat how nice of you …

    fat bastard …

  • Jib

    Jul 12, 2019 at 9:59 AM

    Comment #53

    Also Villa buying Luiz Douglas from Man City
    for £15m which seems a bit strange if Bruce
    isn’t there

  • geordietom

    Jul 12, 2019 at 9:59 AM

    Comment #54

    i should of said if Bruce takes the newcastle job …

  • IrishRob

    Jul 12, 2019 at 10:00 AM

    Comment #55

    Posada…. EXACTLY!! But somehow I bet BZG wont respond and wont shoe any evidence they were not lying, because they cant.

  • geordietom

    Jul 12, 2019 at 10:02 AM

    Comment #56

    guess where that came from …

    the sunderland echo . even their dirty rag is getting involved now …

  • IrishRob

    Jul 12, 2019 at 10:04 AM

    Comment #57

    Mark we dont actually know that for sure is a requirment. Also we dont really know how far along their bid even came. Everything is pointing towards them being the liars this time.

    Ashley would never come out and say they are tine wasters because as long as he can keep prooke believing there is a takeover it runs the clock down on the transfer window which is what he wants, regardless of a takeover

  • fog on the tyne

    Jul 12, 2019 at 10:05 AM

    Comment #58

    Anyone have a idea how money from perez will be paid? Is it as it is in spain? As in the full amount paid in full up front, when paying a buyout clause.

  • JohnJ

    Jul 12, 2019 at 10:07 AM

    Comment #59

    In my opinion there’s only one reason the sale of NUFC has not gone through and IT is called by the name of…….

    Michael Ashley!

    Sadly it’s another of his dirty tricks and boy does he know how to play dirty. I despise him!!!!!!

    Norman Hunter was an angel in comparison to the fat shopkeeper!!!

  • geordietom

    Jul 12, 2019 at 10:07 AM

    Comment #60

    Martoon …

    sorry mate i should of said we are going with T.U.I. flying to malaga pick up the cruise ship there…

    wheres your cruise going ? …

  • oldarse

    Jul 12, 2019 at 10:09 AM

    Comment #61

    Don’t blame BZG it’s Ashley just go back Rafa didn’t leave because of BZG

  • geordietom

    Jul 12, 2019 at 10:11 AM

    Comment #62

    i see chris waugh is running the clubs twitter account . so glad you took my advise TOON22…LMFAO …

  • JohnJ

    Jul 12, 2019 at 10:12 AM

    Comment #63

    I agree with Stuart Pearce on this one!

    “David Moyes would have been a better fit for the Newcastle United job than Steve Bruce, according to Stuart Pearce”

    The Sheffield Wednesday manager appears to be on the cusp of being announced as the new boss on Tyneside, as reported by The Sun, but former Toon defender Pearce has admitted that he is shocked Moyes was not given a chance at St. James’ Park.

    Speaking on talkSPORT, he said: “I’m astounded.

    “Whilst I think Brucey is a good suit for the club, I also think Dave might have been a slightly better fit actually.”

  • IrishRob

    Jul 12, 2019 at 10:14 AM

    Comment #64

    Blame Ashley but DEFINITELY blame BZG because they fonf have the funds it’s as simple as that. They were using us for something like maybe publicity.

  • oldarse

    Jul 12, 2019 at 10:18 AM

    Comment #65

    IrishRob publicity for what gonna be found out eventually outcome bad publicity doesn’t make sense

  • JP...from The Rock

    Jul 12, 2019 at 10:24 AM

    Comment #66

    David Moyes is just as bad as Steve Bruce. Why would people prefer that ex Mackem manager instead of another ex Mackem manager is beyond me.

    NUFC is dying a slow and terrible death and it’s all because of that big fat, greasy, greedy owner that has been a disaster since day 1! Twelve years of hurt and it doesn’t seem like ending anytime soon. How depressing this all is.

  • JohnJ

    Jul 12, 2019 at 10:40 AM

    Comment #67

    If it was a case of either or……

    I’d sooner go for Moyes!

  • Bills Son Is Back

    Jul 12, 2019 at 10:45 AM

    Comment #68

    On BZG’s bid…

    Where dod Justin Allen get his info from?

    Not NUFC, not from the FA… but from BZG.

    BZG might well of signed NDA’s, received heads of terms etc., all of which are normal processes in deals of this sort.

    BUT… as far as I am aware the FA won’t do a fit and proper test without proof of funds, for obvious reasons.

    Much as I don’t believe everything the Chron says they have been consistent from the start that NUFC never received that proof and I reckon that came from a respected source at the club.

    Most of us, including me, chose to ignore that as we wanted to believe the takeover was on and just days away.

    Sadly, it seems the Chron were right all along.

  • TomaKaThor

    Jul 12, 2019 at 10:50 AM

    Comment #69

    Well Mike Ashley would want everyone tto think there was no proof of funds because it fits into his cop out, so he will of made sure that info leaked to the right people.

  • Rafalicious

    Jul 12, 2019 at 11:08 AM

    Comment #70

    This doesn’t make any sense whatsoever. Wanna know why?
    1. They tried buying Liverpool for 2 billion a few years ago. Maybe they didn’t have 2 billion, but surely they must’ve had at least half to even try?
    2. Successful Arabs and Muslims are not liars. When they say thay have it, they have it. The Britist reporters are a bunch of liars. Most of the news we read from the UK regarding NUFC are bollocks, especially now that there’s a lot surrounding takeover, manager situation, transfers and other rumors.

    I’m just questioning why Ashlie/ Cashly would run even himself to the ground? He’s even playing with his moneybag, the most valuable thing he has. Doesn’t he care anything about reputation by the way? his name is starting to stink all over the UK and rest of the world. I think he want out asap and I also believe they have been working diligently together to make it happen.

    Then, of couse the big question is: where is it stopping up? why is it not happening? is it with Premier League?

  • onmeedsun

    Jul 12, 2019 at 11:29 AM

    Comment #71

    If anyone was serious about buying the club it would need to be done by end June at latest to allow time to sort their manager and squad. Any later and you are putting your investment at risk with a relegation. They may come back in mid season if we are looking safe but then we get stuck in this permanent Groundhog Day and Ashley can keep dangling a sale to tempt us back in. We risk being stuck with him for ever! As he doesn’t communicate to us regarding his true intentions on a sale we have no option other than to stop backing the manager and team. We have to bring the club down to the point he has to sell, whether that be PL or League 1. May take 5 years but at least we will be taking action to get rid of him.

  • nufc 11

    Jul 12, 2019 at 11:45 AM

    Comment #72

    All of this relates back to the fact Mike Ashley lost 150 million in a failed takeover of debenhams and he has to get that money back asap. So he is milking out of nufc what happens to the 6 million a season he will be saving on Rafa’s salary? what happens to the Perez transfer cash? the Longstaff sale money? the 100 million plus TV money from the PL? Everything nufc generated always goes to cover costs/losses in his other business endeavors.

    Mike Ashley was never selling NUFC, I mean what football club owner to do we know of has a private PR company at the other end of the phone? why would a football club owner need one? Unless he is the lowest, dirtiest piece of scum to walk the earth. The fit and proper owners test the PL conduct is the biggest joke ever. Mike Ashley is not capable of owning a dog, let alone a football club. Can you imagine his poor wife and children what they put up with having him around, he is a waste of life.

  • k

    Jul 12, 2019 at 12:05 PM

    Comment #73

    This bit of contentious information about BZG by Keith Downie should be amplified massively.

    Amplifying it may bring a response by BZG. In turn BZG’s response, could bring out more game playing information about Mike Ashley… Surely BZG a company that has built its reputation since 1988, will not like the Ashley backed slur by Downie.

  • Rafalicious

    Jul 12, 2019 at 12:05 PM

    Comment #74

    Is this a good idea?

    Spam all his companies with fake inquiries, drag the processes out if they answer. Anyone knows hackers that can actually enter his systems? that would be even more effective.

    This guy deserves something like this tbh. Honestly I thought you Brits were crazy enough to just kill him. That’s what you did to all the other people in this world.

  • neverbeento wembly

    Jul 12, 2019 at 3:47 PM

    Comment #75

    Have the horrible feeling this farce has all been orchestrated by the fat slug, he would love to have said a long time ago that the takeover was a fake but if he did he would have had to spend money & couldn’t blame the Arabs for getting rid of Rafa. Now there is no time for signing new players & all he can get for a manager is a second rate yes man. More importantly he gets to keep his fat paws on his money


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