That is as far from a typical Newcasle thing as it's possible to be. More typical is Ashley selling to a consortium of Loh cousins and Mauriss, who loaned the money from a Mexican drug cartel. This group then give a pay rise to Charnley, bring back Kinnear/Wise and stick Bruce on an 8 year contract.
Typically it never ends well... There is to be no pot of gold for us.. Just a slow suffering before death
Reported in the Straits Times now. https://www.straitstimes.com/sport/...-and-nelson-loh-in-takeover-bid-for-newcastle Football: Singaporean businessmen Terence and Nelson Loh in takeover bid for Newcastle United SINGAPORE - A decade after Singaporean billionaire Peter Lim made an ambitious attempt to buy English Premier League (EPL) giants Liverpool, local entrepreneurs Terence Loh and Nelson Loh are now spearheading a bid to take over another English club, Newcastle United. The cousins are co-founders of Bellagraph Nova (BN) Group - along with Ms Evangeline Shen - which owns over 30 entities across 100 countries in major business fields, including finance, sports, healthcare, luxury goods, entertainment and robotics. The Paris-based firm is worth an estimated US$12 billion ($15.6 billion). In a statement to the media, BN Group confirmed on Saturday (Aug 15) that its co-founders "are at an advanced stage of negotiation" for the takeover, having already provided a letter of intent and proof of funds last Monday. It added that its co-founders are "willing to massively contribute to the development of the club through their solid and international structure and a combined business/sport devoting mindset". The BN Group has also engaged Newcastle legend and former England captain Alan Shearer and former Magpies forward Michael Chopra to back their bid. Citing "confidentiality given the highly sensitive nature of the transaction", a representative declined further comment when contacted by The Straits Times. Previously investment bankers at JP Morgan, the Loh cousins are known to be keen sports fans, having sponsored local professional race driver Yuey Tan, the national muay thai team, and the St Michael's Soccer Association. BN Group also owns Dorr Group Racing Team, who have raced in the Porsche Carrera Cup Asia and Porsche Mobil 1 Supercup since 2012. If BN Group's bid gets the green light, the Lohs will be the first Singaporeans to own an EPL club. Lim, who now owns Spanish La Liga side Valencia, saw his takeover attempt for Liverpool falling through in 2010, while Singaporean businessman Bill Ng had offered to buy Scottish Premier League side Rangers in 2012, but eventually withdrew his offer. Founded in 1892, Newcastle are a strongly supported club that have won four first division/League titles and six FA Cups. The Magpies finished 13th in the 2019-2020 season. BN Group's interest provides Newcastle owner Mike Ashley with an alternative after a £300 million (S$538.2 million) bid funded by Saudi Arabia's Public Investment Fund fell through. English Premier League chief executive Richard Masters said the proposed takeover collapsed after the group declined to take up the Premier League's offer of independent arbitration to decide who would own the club. Newcastle fan Terence Ong, 34, called the takeover bid by the Lohs "a potential breath of fresh air after 13 horrible years with Mike Ashley", citing the owner's concern about the bottom line and "lack of ambition". "Although finances matter, football cannot be run like a business and I hope the new owners realise that and engage the fans better, considering that successful teams always manage to get fans on their side," said the Singaporean, who works as a marketing manager. "The nationality of the prospective owners doesn't really matter. As long as they can prove their credentials and show they have the best interest of the club at heart, it is something worth considering. Of course, if having Singaporean owners means the team will have more of a presence here, that is also good for the Newcastle fan base here."
Every day that Ashley continues to own the club, it is worth a little bit less, and I think he is smart enough to know that. His continued mismanagement of the club along w/ the failed takeover has resulted in a lot of lost good will, branding, and reputation. He needs to sell now or risk selling for less in the future, and that gives me hope.
W Well **** him. I want him to lose a fortune. If we are gonna suffer because of the fat **** then he can too. ****ing toss pot!
I like these guys. I want them to be the ones. Its the blatant lack of effort to cover up what a sham they are that appeals most to me. I like a set of guys/girls who basically can't be arsed, but have a go anyway. Get them in pronto.
So if the PIF deal is still at the table with the PL. Simple solution- swap PIF for BN same 80% holding. £350M x 80% is £280m which is what they want to pay anyways. Then AS is still in play and so are RB. Collectively the consortium would be worth 12b (BN) 17b (RB) and whatever AS can get out of the bank that is Barclays.
We here at BN are ready and waiting to step into this breach. Where do we sign? We've got loads of money by the way, totally minted.
