NUFC reporter reveals what he’s just “been told” about Sheikh Khaled’s worth – Good news?

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.

(Fancy writing for us? Send any articles/ideas over to us at NUFCblogsubmissions@gmail.com & we’ll get back to you!)

About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

3 thoughts on “NUFC reporter reveals what he’s just “been told” about Sheikh Khaled’s worth – Good news?

  1. Talk Shite radio trying to pour cold water on the deal.
    We all will believe it when we see it, of course but knowing so many on that London based radio have no problem sneering at and even attacking Newcastle and their fans (I’d honestly love to know why. Aston Villa get the other side of behaviour from these hypocritical *******s. You’d think Villa have attendances far in advance of ours, – no they haven’t – far more loyal – no they’re not – yet the media paints a ludicrously glowing image of Villa and fans while non-stop spite against us – AND IN SUPPORT OF ASHLEY WHO THEY WOULDN’T HAVE ANYWHERE NEAR THEIR OWN CLUBS.
    So I’d love for this to happen just to hear the dismay of likes Bob Mills the Orient ********, and the rest. Even worse than Radio 5

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  2. The idea that proof of funds is required post negotiations is bizarre as FCB would not entertain discussing a sale or even allowing access to accounts etc. Here in the USA you have to show a pre-approved statement from lender to view a property to purchase. Don’t hold your breath on seeing this sale going through.

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