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Ashley to sell.....OFFICIAL


paddy
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:ph34r: This shit worries me.

 

Regardless of the moral implications It's best not to get left behind.

 

However sooner or later English football will implode and there will be a changing of the guard.

 

Let make sure we are at the top.

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:ph34r: This shit worries me.

 

Regardless of the moral implications It's best not to get left behind.

 

However sooner or later English football will implode and there will be a changing of the guard.

 

Let make sure we are at the top.

 

Agreed...unfortunately. Football really is fucked when a billionaire isn't rich enough.

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Does anyone know how much they are worth? They say the people who took Man city over are worth 550 billion

 

Apparently, these guys won't flaunt money like Man City will and will run the club like a business. But it will certainly be more than what Ashley is offering so I would imagine £50m a transfer window.

Edited by Attain
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Does anyone know how much they are worth? They say the people who took Man city over are worth 550 billion

 

Apparently, these guys won't flaunt money like Man City will and will run the club like a business. But it will certainly be more than what Ashley is offering so I would imagine £50m a transfer window.

 

Where'd you hear that? Have they went from denying it to laying out a plan of action in less than an hour?

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Newcastle United owner Mike Ashley is seeking a staggering $860 million to sell his club to Dubai investors, Arabian Business has learned.

 

The figure – more than double what Ashley has invested in the club – is contained in documents handed to representatives of Dubai’s Ruler Sheikh Mohammed bin Rashid Al-Maktoum earlier this week.

 

The documents are currently being studied in greater detail, and it is understood that a takeover offer at a “much lower” price could be made.

 

Both Dubai-based Zabeel Investments – which is building an eco-friendly hotel with Hollywood superstar Brad Pitt - and Dubai Investment Group, part of Dubai Holding, are being considered to front any deal.

 

However, Zabeel Investments chairman Mohammed Ali Al Hashimi stressed that he had not been directly approached over any takeover deal.

 

“We have not had any contact,” he told Arabian Business. “I am not interested in any [English Premier League club] right now.”

 

Ashley bought the club in May last year, but Newcastle fans have been calling for him to sell the club following the resignation of manager Kevin Keegan last week.

 

In a statement on Sunday night, Ashley announced he was selling the club, saying: “I paid $238 million out of my own pocket for the club. I then poured another £110 million into the club not to pay off the debt, but just to reduce it.

 

"The club is still in debt. Even worse than that, the club still owes millions of pounds in transfer fees. I shall be paying out many more millions over the coming year to pay for players bought by the club before I arrived.”

 

According to the sale documents, Ashley wants to recoup his entire investment, plus take a massive $472 million profit.

 

“That price is just too much for this club, but we will see what happens and what offer can be made,” a source close to the talks told Arabian Business.

 

Last year Al Hashimi revealed that Zabeel Investments had been part of the Dubai-led consortium that failed to buy Liverpool Football Club in February 2006.

 

The Dubai-based diversified investment company is focused on the areas of commercial real estate development and management, private equity and asset management across a wide range of economic sectors in the UAE.

 

Dubai Investment Group is part of Dubai Holding, it has invested in capital markets and real estate in the Indian sub-continent and South East Asia. Both companies are owned by Dubai’s Ruler Sheikh Mohammed.

 

The club was not immediately available for comment.

 

 

If this fig is true Ashley is clearly insane. We will destroy him and he'll end up getting 10p for the club.

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