Post by Captain Marvel on Feb 11, 2011 14:10:29 GMT 1
Man. U. Have made a statement that the club is not in the process of being sold and that it is not for sale. The Qatari group have allegedly made a bid.
A few weeks ago there was an article written in one newspaper that this same group were after NUFC could there be a mix up with this new rumour that the United part of it is correct but the assumption that it is Man. U. Is "way off the mark"!
(Actually this fits nicely into the 10 year deal)!
Qatari investors size up Newcastle United takeover deal as Mike Ashley ponders mega sale
EXCLUSIVE
By Colin Young
Last updated at 7:35 AM on 16th December 2010
Major investors in Qatar are looking to expand their global football network and are considering a buy-out of Newcastle United’s controversial owner Mike Ashley.
Just a week after the Qatar Foundation clinched a £125million sponsorship deal with Barcelona, a group of gold chip companies from the oil rich nation are looking to invest in a Premier League club.
Sportsmail understands that Newcastle United, who appointed Alan Pardew on a five-and-a-half year deal last week, are currently top of the investors’ list.
Top of the list: Newcastle United are interesting investors from oil-rich Qatar
Although sportswear magnate Ashley officially took the club off the market two years ago, the Buckinghamshire-based businessman who has invested almost £300m in the club, would be willing to sell to a bidder prepared to pay at least £200m.
Stung by criticism after they were awarded the 2022 World Cup Finals by FIFA, despite worldwide concerns about summer temperatures during the finals and the country’s human rights record, Qatar’s ruling family and its business community has been seeking to sell itself as credible and straight.
Their strategy so far has been to provide charitable investment like the deal with Barcelona which will provide the Catalan giants with £25m over six years,
The Qatar Foundation is a government-backed non-profit organisation which is mainly concerned with providing education projects across the Middle East. It is chaired by Her Highness Sheikha Mozah Bint Nasser Al-Missned, the wife of the Emir, who was central to the country’s World Cup bid.
Selling up: Toon owner Ashley would consider an offers above £200m-mark
Major companies throughout Qatar which carry the country’s name are effectively owned by the ruling Al Thani family and, with money no object following their successful capture of the World Cup Finals in 12 years, following Abu Dhabi to the Premier League makes sense.
Ashley came close to selling Newcastle just before relegation two years but pulled out of the deal with local businessman Barry Moat.
Since taking over the club three years ago he has poured in more than £250m of his own money to invest in transfer, re-pay debts and loans and working capital. The accounts are expected to show another £30m-plus loss following relegation to the Championship.
Despite forking out millions in his own money, his reign has been dogged with controversy and he sparked fresh outrage last week when he sacked Chris Hughton and appointed former West Ham and Charlton boss Alan Pardew.
ATB
A few weeks ago there was an article written in one newspaper that this same group were after NUFC could there be a mix up with this new rumour that the United part of it is correct but the assumption that it is Man. U. Is "way off the mark"!
(Actually this fits nicely into the 10 year deal)!
Qatari investors size up Newcastle United takeover deal as Mike Ashley ponders mega sale
EXCLUSIVE
By Colin Young
Last updated at 7:35 AM on 16th December 2010
Major investors in Qatar are looking to expand their global football network and are considering a buy-out of Newcastle United’s controversial owner Mike Ashley.
Just a week after the Qatar Foundation clinched a £125million sponsorship deal with Barcelona, a group of gold chip companies from the oil rich nation are looking to invest in a Premier League club.
Sportsmail understands that Newcastle United, who appointed Alan Pardew on a five-and-a-half year deal last week, are currently top of the investors’ list.
Top of the list: Newcastle United are interesting investors from oil-rich Qatar
Although sportswear magnate Ashley officially took the club off the market two years ago, the Buckinghamshire-based businessman who has invested almost £300m in the club, would be willing to sell to a bidder prepared to pay at least £200m.
Stung by criticism after they were awarded the 2022 World Cup Finals by FIFA, despite worldwide concerns about summer temperatures during the finals and the country’s human rights record, Qatar’s ruling family and its business community has been seeking to sell itself as credible and straight.
Their strategy so far has been to provide charitable investment like the deal with Barcelona which will provide the Catalan giants with £25m over six years,
The Qatar Foundation is a government-backed non-profit organisation which is mainly concerned with providing education projects across the Middle East. It is chaired by Her Highness Sheikha Mozah Bint Nasser Al-Missned, the wife of the Emir, who was central to the country’s World Cup bid.
Selling up: Toon owner Ashley would consider an offers above £200m-mark
Major companies throughout Qatar which carry the country’s name are effectively owned by the ruling Al Thani family and, with money no object following their successful capture of the World Cup Finals in 12 years, following Abu Dhabi to the Premier League makes sense.
Ashley came close to selling Newcastle just before relegation two years but pulled out of the deal with local businessman Barry Moat.
Since taking over the club three years ago he has poured in more than £250m of his own money to invest in transfer, re-pay debts and loans and working capital. The accounts are expected to show another £30m-plus loss following relegation to the Championship.
Despite forking out millions in his own money, his reign has been dogged with controversy and he sparked fresh outrage last week when he sacked Chris Hughton and appointed former West Ham and Charlton boss Alan Pardew.
ATB
has sold the Club after it actually happens and the ink is dry on the contract! Even then I may not believe it's finally happened.
