A source close to the Bin Zayed Group plotting to buy Newcastle United has claimed “fans won’t be disappointed” – but has warned that any takeover won’t replicate Manchester City.
This comes from the Financial Times’ latest report on the potential takeover, which looks at the groups wealth – something that’s been questioned given they tried and failed to show proof of funds when in talks over a £2bn deal to buy Liverpool last year.
That said, a person close to the company has claimed that they’ve ‘recovered from a financial restructuring’ and now plan to invest in Newcastle United.
Here’s what a ‘source’ close to the Bin Zayed Group have had to say to the Financial Times:
“Fans won’t be disappointed.
“But we will have to manage expectations — we aren’t talking Man City here.”
It’s interesting to see their spokesman insist that Newcastle fans must ‘manage expectations’ should a takeover going through, suggesting that their funds may not be at the same level of Sheikh Mansour’s at Manchester City.
This may be a reality check for some fans, with some joking that we’d be ‘silly rich’ if a Dubai-based billionaire came into the club, however it has been claimed that he’s still worth substantially more than Mike Ashley.
In all honesty, while any new owner would need decent money and a show of ambition to back Rafa Benitez and push us on towards the top 8, I think most Newcastle fans would be happy to have any billionaire in charge if it meant to end of Mike Ashley’s miserable reign.
Let’s hope the Bin Zayed Group can actually put their money where their mouth is and get this deal done, with the following tweet appearing to sum up the situation perfectly as several reporters remain sceptical on Tyneside:
First
Smileypooemoji(Quote)
Talksport revealed today that whoever this Sheikh is, he is not part of the Abu Dhabi royal family and absolutely not the half brother of Sheikh Mansour, the owner of Manchester City.
This would ring alarm bells for me and Toon fans need to be careful and not get excited until this guy proves who he is and what his takeover intends to achieve.
Dukinfield Blue(Quote)
Yet other reports say he is one of 19 in the family ??? Papers haven’t got a clue what’s going on….business people do though, Cashley has cleared any final payments due ie Players bonuses paid up 6 weeks early, Newcastle have submitted yearly accounts late this year ?? (Every other season they have been submitted Nov/Dec) another clue to a sale ie every last penny accounted fore….plus the fact that Cashley and his cronies were seen in Dubia a few weeks ago and not there for a holiday…it all pushes to this point, I’m no journo but I have sold a business on in the past and the above wreaks of a sale…to whom I don’t know I don’t care as long as they want to push the club forward
sean spokes(Quote)
Sean…. just saying that talksport confirmed he is not part of the Mansour Abu Dhabi family, they confirmed this by contacting Manchester City and asking the question. Why would Manchester City say he is not connected with the Royal family if he was?
All I am saying is be careful what you wish for, look what happened to Portsmouth when they got bought by sheikh Sulliman who promised the earth and then it came to light he was not wealthy in the way a football club now needs. Portsmouth then went bust and tumbled down the leagues.
I wish you luck but smell a rat with this one.
Dukinfield Blue(Quote)