The Chronicle’s Andrew Musgrove says he’s ‘been told’ a potential Sheikh Khaled takeover would be similar to Abdullah bin Musa’ad’s at Sheffield Utd ‘in terms of wealth’ – insisting that a £350m price tag shouldn’t be an issue for him.
This is a promising ‘update’ after it was reported by that the Dubai-based billionaire had not yet shown ‘proof of funds’ – something that threw doubt over his actual wealth.
While Musgrove says a ‘number wasn’t put on his personal value’, comparisons to the Sheffield United co-owner – worth £18billion – mean he would be more than capable of funding a takeover at Newcastle United and making big changes on Tyneside.
“Confusion over Sheikh Khaled bin Zayed Al Nehayan – especially over his wealth. I’ve been told that his takeover of NUFC would be similar to that of Abdullah bin Musa’ad at Sheffield United in terms of wealth, and meeting the price tag of £350 million shouldn’t be an issue.
“That said, a number wasn’t put on his personal value but the Sheffield United co-owner is thought to be worth $23b – so that would do nicely.”
Given Mike Ashley is worth £2billion – not that he spends it on the club – this suggests Sheikh Khaled and co. should be more than wealthy enough to fund a move for the club.
Considering there were doubts about his personal fortune both last night and this morning, let’s hope this proves to be true.