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Nigerians tipped to buy Newcastle

Posted by Telegraph.co.uk - Football on 2008/09/22 | Views: 2882 |

Nigerians tipped to buy Newcastle


A consortium of wealthy Nigerians are planning to take over Newcastle United, according to a report in Africa.

A consortium of wealthy Nigerians are planning to take over Newcastle United, according to a report in Africa.

Current owner Mike Ashley is trying to find a buyer for the ailing Premier League club, but has proved unsuccessful with his initial efforts to secure a sale in the Middle East.

Ashley has announced he wants to sell his interest in Newcastle just 16 months after staging a 134.4million takeover.

Dubai International Capital (DIC) have ruled themselves out of the running, making it clear they are not 'planning a bid for any club'.

However, a Nigerian company claim they have 350million behind them - and are bidding to secure the remaining funding which would improve their chances of a successful takeover.

Chief Executive Officer of the NVA Management, Chris Nathaniel, whose company are handling the deal, wants to make Nigeria the first African country to own a Premier League club.

He said: 'All along I have been working hard to get wealthy and football-loving Nigerian entrepreneurs to buy the club since Mike Ashley indicated his willingness to sell the club to the person, people or entrepreneurs who can meet the 400million selling price.

'Right now I am happy to tell you well meaning Nigerians have responded and the consortium of Nigerian entrepreneurs has so far contributed 350million to buy the club.

'Ashley has stood his ground that he won't sell until the money is raised to the asking price of 400million.

'So what that means is that we need to raise another 50million or 100million to shut the door behind the other top Arab companies who are also interested in the club.

'The Arab companies have also indicated interest and made offers - but they haven't met the asking price too.'

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Comments (3)

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Okfold(Sobe, Edo, Nigeria)says...

I want the meaning of female owan name Ekeke (Edo state)

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Toluwalase Samuel Olufemi(Ijebu, Ogun, Nigeria)says...

Authority belongs to God, once He decrees it is final and binding

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Ikponmwosa Osamede(Edo, Nigeria)says...

Your meaning of Osamede is wrong. Osamede means God has given me a crown