Indian takeover at the Toon?

Ambami interested in Newcastle?

Ambami interested in Newcastle? Newcastle United are being eyed up for a summer takeover, again, if rumours in the Sunday Mirror are to be believed.

In one of those famous “exclusives” that regularly feature in the Sunday papers, The Mirror claims that preparatory work on a deal ‘in excess of £200 million’ is already under way and that the interested patry has already visited Newcastle. That interested party goes by the name of Anil Ambami.

If the name rings a bell there will be good reason for that as Ambami was said to be interested in buying NUFC when Ashley flobbed the dummy and wanted out back in 2008. Nothing came of it at the time, which is understandable given the state that the club was in financially and with all the turmoil surrounding St James’ Park in what was an extraordinary season for all the wrong reasons.

Ambami is currently the Chairman of the Reliance Group and has a current net worth of US$8.8 billion, which roughly works out at around £5.5 billion. Not a bad wedge then, and it makes him nearly four times richer than current owner Mike Ashley. And if Anil gets a bit short then he can always tap up his brother, Mukesh up for a loan. After all, his slightly older brother is worth around US$29 billion!

Personally I think it’s a load of codswallop, what with it being a Sunday and all, but it’s worth a look anyway as it does kind of touch on something that the club should be doing anyway, although admittedly having an Indian owner would make it much easier process.

With the new financial rules set to come into play you could perhaps wonder just what the benefit of having such a wealthy owner would be. If a club is only allowed to spend what it generates then what does an owners personal wealth actually matter?

If the rules work, and it’s a big if at the minute, then growing the clubs revenue is one of the best ways to generate a greater income for the club. An Indian takeover would introduce NUFC to a new market, a very big new market as well.

It’s something that I have banged on about before, but if Newcastle could become a global brand and expand it’s fan base to India and beyond, then we could make some serious cash out of it which could be spent on the team whilst remaining within the rules.

Whether or not there is any truth in this remains to be seen, but lets just say that I won’t be getting any hopes up!

About toonsy

A lifelong Newcastle fan and current webmaster of this very 'blog who has the sole aim of creating a place by Newcastle United fans, for Newcastle United fans.

86 thoughts on “Indian takeover at the Toon?

  1. Ah right. So Hughton gave in to the demands of his assistant then?

    Why can’t people just say that he made a bad signing? Everyone does it you know.


  2. “Ah right. So Hughton gave in to the demands of his assistant then?”

    He wouldnt be the first, remember Wadsworth convincing Bobby to sign Fumaca 😆 and if im not mistaken Burkinshaw was sacked after the 74 cup final after getting Harvey to change the system.

    Alright he boobed but im blaming Calderwood for planting the seed


  3. Because everything the club says is to be believed isn’t it?

    What else are they to say? The Chronicle are so gullibale it’s a joke.


  4. Not saying I believe it or not but there would be a non disclosure agreement(doesn’t Ashley insist on that?) so of course the club will deny it…..or as Stuart says, why believe owt the club says anyway?


  5. I think he’s going to sell up. Everything he’s done recently suggests he’s laying the ground for a sale.


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