Here we go again, Newcastle fans.

For months, it looked as though Mike Ashley was finally going to sell the club to the Saudi Arabian-backed consortium.

But the deal stalled and eventually collapsed after the group ‘declined to take up the Premier League’s offer of independent arbitration to decide who would own the club,’ according to Reuters.

Saudi Arabia’s sovereign wealth fund PIF, PCP Capital Partners and the Reuben Brothers pulled the plug on their £300 million deal which had been delayed by the Premier League.

“In June, the Premier League board made a clear determination as to which entities it believed would have control over the club following the proposed acquisition,” the Premier League chief executive Richard Masters explained in a letter.

“The Premier League asked each such person or entity to provide additional information, which would have been used to consider the assessment of any possible disqualifying events.”

Masters claims the consortium ultimately then withdrew from the deal.


Now, another company has come forward saying it has submitted an offer to buy Newcastle United.

According to the Telegraph, Bellagraph Nova Group (BNG) claims a £280 million bid has been made after they “enlisted” the help of Alan Shearer.

What’s more, the firm’s chief global marketing and investor relations officer, Nereides de Bourbon, told the Telegraph they plan to sign a player of the calibre of Cristiano Ronaldo and claimed they were in “direct contact” with the Portuguese.

On Sunday, the company’s official Twitter account wrote of “establishing new synergies with players such as @cristiano.”

Ronaldo to swap the black and white of Juventus with the black and white of Newcastle?

Surely not…

In a statement, the company said: “Bellagraph Nova Group’s founders are at an advanced stage of negotiation having already provided a LOI (Letter of Intent) as well as a proof of funds on August 10.

“In addition to the engagement to the Newcastle Football Club and community, Bellagraph Nova Group enlisted help of England captain Alan Shearer and former player Michael Chopra.

“BN (Bellagraph Nova) Group’s founders have declared their willingness to massively contribute to the development of the club through their solid and international structure and a combined business/sport devoting mindset.”

Don’t get too excited yet, Toon Army. It seems this should be taken with a large pinch of salt…

News Now – Sport News


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