HIP HOP LIFESTYLE

Announcement

Collapse
No announcement yet.

Indian billionaire to purchase Newcastle United

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Indian billionaire to purchase Newcastle United

    Legal advisors representing Indian telecommunications mogul Anil Ambani are expected to make contact with representatives of Newcastle’s billionaire owner Mike Ashley in the next couple of days, as he steps up his interest in buying the Tyneside club.

    After their initial approach, sports retail entrepreneur Ashley will have up to 10 days to decide whether he wants to consider selling a club he bought for £134.4 million last summer, before he cleared £80 million-worth of debts.

    Such positive action will enable Ambani to steal a march on St James’ Park’s other suitors, the Singapore-based global investment company Profitable Group. Both parties are apparently willing to provide Newcastle manager Kevin Keegan with £100 million in transfer funds.

    Ambani, chairman of Reliance Communications, is said to be worth £21 billion.

    “Ambani has twice as much money as [Roman] Abramovich and his intentions are deadly serious,” a source close to the deal told The Daily Telegraph.

    “His people will put a set of proposals to Ashley and if they don’t like them they will say 'that’s it’ and turn their attention elsewhere. They won’t be messed about.”

    It is understood clubs with large fanbases have attracted interest from Ambani, so ailing Yorkshire clubs Leeds United and Sheffield Wednesday would appeal to the Bombay-based magnate, as well as Everton.

    “They see Newcastle as a massive club with vast potential,” the source said. “They know they already attract 50,000-plus crowds and wonder what would happen if they get back into the Champions League. But they also see India as an untapped market as well.”

    Privately, Newcastle rubbished suggestions that Ashley was ready to sell. However, Ashley recently made it clear that he was looking for partners to share the financial burden of owning a top-flight English club. That would involve selling off a chunk of the club to investors, but that sort of deal would seemingly not appeal to Ambani or the Singapore group, which has former England international Steve McMahon as a director.

    Ashley’s public pronouncements have been rare since he arrived at Newcastle, but the latest takeover talk has prompted calls for a change of ways.

    “It’s high time he spoke out to clarify the situation,” said Frank Gilmour, chairman of the Newcastle United Independent Supporters’ Association.

    “If he wants to stay and turn Newcastle into a successful club then that’s great and he should come out and say something sooner rather than later. The same applies if he has decided he wants to sell up.”

    He added: “I’d like to see the uncertainty removed. My main concern is if he is going to sell the club, that it ends up in the hands of people who are determined to turn us into a successful club.”

    http://www.telegraph.co.uk/sport/foo...-football.html

  • #2
    Interesting article. I think it'd take more than £100 million in transfer funds to fix newcastle, but they could do it with enough time and effort.
    "I just dance the way I feel"

    Comment


    • #3
      damn. this dude's everywhere. first he buys dreamworks and now he going after newcastle. Although he may give a lot of transfer money, i doubt it would be enough to make newcastle a legitimate competetion.

      Comment


      • #4
        My friends won't be pleased rofl





        4 8 15 16 23 42

        Comment


        • #5
          Might be able to build them up in a couple of years.

          Comment


          • #6
            He should buy everton so we can afford some fuckin transfers. With 100 mill everton are a top four team.
            "I just dance the way I feel"

            Comment


            • #7
              ^^^^ exactly what i thought when i first read the article. why go and waste your money on a washed up team which has no chance of even being in the top 7.

              Comment


              • #8
                Newcastle ....

                would be better off making a club like west ham or everton into top 4 material
                Buddhism is the shiiiiittttt

                When Buddha can't help, I ask , What would BARNEY STINSON do ?

                "When I get sad, I stop being sad, and be AWESOME instead. True story."

                Comment


                • #9
                  Newcastle are waste, let em' fade..

                  Comment

                  Post ad widget 300x250

                  Collapse

                  LATEST POSTS

                  Collapse

                  Topics Statistics Last Post
                  Started by Bynarden, Today, 05:09 PM
                  0 responses
                  2 views
                  0 likes
                  Last Post Bynarden  
                  Started by Gornawil, 06-08-2021, 02:04 PM
                  2 responses
                  16 views
                  0 likes
                  Last Post Bynarden  
                  Started by Heun, 06-09-2021, 02:09 PM
                  1 response
                  10 views
                  0 likes
                  Last Post noahharry  
                  Started by Brkanmokey, 07-17-2019, 03:05 AM
                  1 response
                  10 views
                  0 likes
                  Last Post jesi
                  by jesi
                   
                  Started by WalkerNathanael, Yesterday, 12:15 PM
                  1 response
                  5 views
                  0 likes
                  Last Post Allanmathew  
                  Started by sophiasmith, Today, 04:31 AM
                  0 responses
                  4 views
                  0 likes
                  Last Post sophiasmith  
                  Started by JanetteLee, 04-25-2021, 11:38 PM
                  2 responses
                  13 views
                  0 likes
                  Last Post Florida White  
                  Started by karascbdinuk, Today, 03:45 AM
                  0 responses
                  3 views
                  0 likes
                  Last Post karascbdinuk  
                  Started by karascbdinuk, Today, 03:43 AM
                  0 responses
                  2 views
                  0 likes
                  Last Post karascbdinuk  
                  Started by jerryjelly, Today, 02:37 AM
                  0 responses
                  2 views
                  0 likes
                  Last Post jerryjelly  
                  Working...
                  X