The Sun have a report out today and it’s really hard to believe.
They report Singapore cousins Terence Loh and Nelson Loh are head of the Bellagraph Nova (BN) Group, along with Evangeline Shen, and they are trying to buy Newcastle United.
The group’s bid is fronted by former Newcastle striker Michael Chopra.
But what they should not be doing is leaking everything to the press, which they seem to be doing.
Evangeline Shen (known as Eva) is a renowned entrepreneur, who has become extremely successful as a businesswoman.
She is a qualified lawyer and a successful investment banker, and is the Chairman and Founder of the BN Group.
Terence Loh, Ms. Evangeline Shen, and Nelson Loh
The Group is a private equity firm, much like Amanda Staveley’s PCP Partner’s Group, and it’s based in Paris.
They say they are currently in talks with the Newcastle owner Mike Ashley.
Here’s some good business information on Ms. Shen, who is known simply as “Eva”.
Eva will become the Chairman of Newcastle United if the bid is successful.
This is what the group have said in a statement:
“We are at an advanced stage of negotiation having already provided a Letter of Intent, as well as a Proof of Funds on August 10th.
But other news is that Mike Ashley was going to get £340M from the Amanda Staveley led takeover, and he wants that amount from the BN Group.
But they are said to be willing to pay only £275M for the club.
Until there is an agreement on the price – we are not going to get too excited about this.
And this looks too much like the BZG Group of last summer, which was conducted almost exclusively in the press.
So we are wary that it’s hit the press like this without any agreement on the price.
If they had agreed to buy Newcastle for £340M, it would be a different story.
And then we would be asking how much they would be willing to invest in the club over the next three years, and what’s their vision for Newcastle.
Here’s the petition to get an independent review of the EPL Takeover process – please sign it – thanks.
Comments welcome.
47 comments so far
lesh
Aug 17, 2020 at 12:05 PM
Comment #1Spot on Ed,
Wisdom always shows.
Ron Knee
Aug 17, 2020 at 12:15 PM
Comment #2Photo is proof-positive they have an office in gay Paree.
the crown princes nashers
Aug 17, 2020 at 12:16 PM
Comment #3hassle
hibbit
Aug 17, 2020 at 12:17 PM
Comment #4PR stunt,
the crown princes nashers
Aug 17, 2020 at 12:18 PM
Comment #5I reckon the corrupt league are really shitting themselfs if the toon fans kick off when there so called competitive league starts, memo to corrupt league why do you think wor flags done them flags for you bunch of tossers
the crown princes nashers
Aug 17, 2020 at 12:20 PM
Comment #6hey ladies and gents does it show my complete hatred for the corrupt league shows 🙂 theres a good reason why apart from this case that is
Munster Mag
Aug 17, 2020 at 12:22 PM
Comment #7Rotonda, I certainly won’t be using your shrink fella.
TheJimBelow
Aug 17, 2020 at 12:23 PM
Comment #8So done with this.
Later everyone stay safe and be good
🙂
Jail for Ashley
Aug 17, 2020 at 12:23 PM
Comment #9tcpn,
Kick off in what way, we won’t be allowed any flags inside the ground without the club being fined.
Kevin Vegan
Aug 17, 2020 at 12:26 PM
Comment #10I’m really not worried about this leaking out after the last one was so public. Seems like the confidentiality of the process is pretty hard to protect.
the crown princes nashers
Aug 17, 2020 at 12:26 PM
Comment #11Jail for Ashley
who said we need to be inside the ground, the stadium doesnt own the side walks around it mate they just own the ground itself
Jail for Ashley
Aug 17, 2020 at 12:26 PM
Comment #12Munter,
I’d concentrate on the time of day you get out of bid before getting psychiatric help, you wouldn’t make the bloody appointment 😀
Jail for Ashley
Aug 17, 2020 at 12:29 PM
Comment #13tcpn,
We mustered a dozen people outside the PL offices when we were convinced it was their fault. What grounds have we got now to kick off if PiF aren’t even at the table.
Essex Geordie Bill
Aug 17, 2020 at 12:30 PM
Comment #14Ed
Who’s getting excited, I aint, anyone else getting excited?
Kevin Vegan
Aug 17, 2020 at 12:32 PM
Comment #15TheJimBelow
It’ll get better once we have something to feel positive about. It’s only a matter of time before we’re sold now.
Hope all’s well mate, you’ll be missed on here. Always enjoyed reading your contributions.
Essex Geordie Bill
Aug 17, 2020 at 12:32 PM
Comment #16Perhaps the’ll bring Big Al back as a striker!
the crown princes nashers
Aug 17, 2020 at 12:33 PM
Comment #17aye good point there jail
Reilly
Aug 17, 2020 at 12:34 PM
Comment #18Keith Downie
@SkySports_Keith
·
2m
Still big question marks regarding Bellagraph Nova’s claims they’ve bid £280m to buy NUFC. I’m always sceptical of anything that’s made public so freely & quickly. But Mike Ashley’s lawyers hav held talks with BN, and I’ve seen documentation that supports their claims #NUFC (1/2)
Keith Downie
@SkySports_Keith
·
35s
The docs contain £280m offer, letter of intent, and 29-page document with detailed financials. However that £280m offer falls short of what Ashley values the club. NUFC have yet to formally react
Munster Mag
Aug 17, 2020 at 12:35 PM
Comment #19Nashers you’re looking for a scrap and there is zero interest. PIF were put in their box and that was that. Unless they come up with a new plan, forget it. In fact I think Reubens and Amanda were both wrong footed by mbs.
Munster Mag
Aug 17, 2020 at 12:36 PM
Comment #20Jail Im on me holidays, I’m allowed a lie in. Wet Waterford. Not a ladyboy in sight. You’d hate it 🙂
Lee Charnley Bunga Party
Aug 17, 2020 at 12:38 PM
Comment #21I suppose the thing that is the worry is it we aren’t sold and then the economy recovers will Mike be that bothered about selling anymore?
He might not need the money as much next year and would be happy to keep us ticking along with a willing shop floor manager (Bruce) happy to work with what he is given every season
Munster Mag
Aug 17, 2020 at 12:38 PM
Comment #22Cheers Reilly we’ll entertain them for now until we hear otherwise. Benefit of the doubt and all that.
Mund
Aug 17, 2020 at 12:40 PM
Comment #23TCPN
I think any idea is a great one. We should never go back to resting on our laurels like before, we should never shoot any idea down like we do.
A lot of fans didn’t think we would get to 30K never mind 110K if we go back to the same mentality we will achieve nothing.
IrishRob
Aug 17, 2020 at 12:43 PM
Comment #24These guys are fraudsters and clowns, if that’s harsh let them change my mind by proving otherwise. All these takeover takeovers are nothing more than publicity stunts, no one gives a shit about us or what we want I PROMISE YE!!
Jib
Aug 17, 2020 at 12:43 PM
Comment #25Bellagraph Nova are clearly using Scarlett Douglas off A Place in the Sun as their negotiator – “start off low because the eatate agent has told me the owners are desperate to sell”
Mund
Aug 17, 2020 at 12:44 PM
Comment #26So the Amanda Staveley led consortium did it for a publicity stunt rob?
Lovem Hatem
Aug 17, 2020 at 12:45 PM
Comment #27I am sort of excited about this new takeover effort – seem to be very open about the process so far.
Will be interesting to see if BN will match the PiF offer because I am sure Mike Ashley will turn their initial offer down
magpie6699
Aug 17, 2020 at 12:46 PM
Comment #28Clearly too Loh a bid.
one fine day
Aug 17, 2020 at 12:49 PM
Comment #29The fact it’s being reported that Chopra is fronting this …and shearer offered the managers job .
Who the f@ck I’d advising these people .?
Funny how this comes of the woodwork as we ramp up the pressure to embarrass the EPL
My only hope is that this pathetic attempt gives the pif the hurry up to get back to the table or risk losing out on what could be a beautiful thing .
Having a a bunch of Far East hedge fund jockeys running us would be almost as bad as Ashley
Mund
Aug 17, 2020 at 12:50 PM
Comment #30Don’t understand why others shoot down ideas??
We need all the suggestions we can muster because if any of you can go back to football normally again after what we have been through, then I am totally lost.
Kevin Vegan
Aug 17, 2020 at 12:51 PM
Comment #31If it’s a fake it’s a daft move naming so many people and claiming they are involved.
Why would they name-drop somebody like Shearer knowing they could just speak up at any moment and shatter the whole illusion?
Mund
Aug 17, 2020 at 12:53 PM
Comment #32OFD
We are all hoping that something is happening in the background because they did rally us together now it’s there turn but if nothing gets back to us fans which is a strange one because we would rather not hear anything but we desperately want to hear news. But we need to have another hint within a week just to keep heads up on the matter.
Thump
Aug 17, 2020 at 12:53 PM
Comment #33It’s a distraction, folks. Nothing more or less.
The ball is back in Mandy’s court (unfortunate choice of words, admittedly). Keep your attention on what matters, and these guys clearly do not matter.
Jail for Ashley
Aug 17, 2020 at 12:57 PM
Comment #34Mund,
On what grounds do we have to protest against the PL. If PiF were still involved and being in open dialogue with us then fair enough. They’ve walked away, what can we get the PL to do?
Mund
Aug 17, 2020 at 1:00 PM
Comment #35Jail
So we just accept a shafting from the league and go back to our great life with the regime at the club?
Come on mate we are treat like dirt and they always get away with it.
We can’t go back to normal mate, well I know I can and I never imagined it could get worse than I feel now with this regime but what we have saw over the last couple of weeks and the 4 month saga, has made it a lot worse than before.
Paul141726
Aug 17, 2020 at 1:01 PM
Comment #36Ha ha, excitement about this new report of another buyer for the club?
Nah, I was more excited just waking up this morning.
I know it’s folly, but I am still pining hope on the consortium.
BN group? Just another Henry Mauriss, I fear.
magicmac54
Aug 17, 2020 at 1:01 PM
Comment #37This latest fakeover is what it says on the tin yes another total fakeover ignore all this bullshit in the media for your own sanity
Rotonda heights
Aug 17, 2020 at 1:02 PM
Comment #38So ash keeps 17m and still wants another 350m when god knows when grounds will be open. Real cock up by a.s the R’s + pif. So many options they could have taken.
Munter
No need to be so defensive. I genuinely thought some counselling could help with your obsessive personality disorder and anger management.
magicmac54
Aug 17, 2020 at 1:03 PM
Comment #39Munster i guess there wont be to many ladyboys in waterford, that made me laugh Munster ha ha ha ha
one fine day
Aug 17, 2020 at 1:04 PM
Comment #40Mund
Agree
She asked for our help and got it in spades ,it’s now time for the Reuben’s ,Amanda to get the PIF to find a solution ( and save face) to get this through
As you say it could be happening in the background
But until we get real answers I will be banging the message as to what a bunch of corrupt shitehouses the EPL are.
If we get shafted I’d rather we were the millwall of the premier league than take this contempt they are showing us .