Newcastle United - Indian takeaway for Ashley?
UK time is: 10:59:44
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Indian takeaway for Ashley?

Not one but two takeover bids have made the back pages of the papers this morning as the NOTW speculates that the Ashley era was just a quick turnover exercise by the Sports Direct magnate. Into the fray however comes two very interesting options.

My personal favourite is the Indian option. Willing to pay 260m and probably a whole lot more in an attempt to conquer the last untapped world football market, I quote the NOTW`s piece on the man, Anil Ambani:

India`s second richest man who has a personal fortune of 21BILLION has been in negotiations with Ashley for several weeks, and has made it perfectly clear he will rival Chelsea owner Roman Abramovich in the spending stakes. A figure of around 150m has been discussed in Ambani`s inner circle with the telecoms magnate only too happy to sanction such a sum for players. And he can afford it.

He is TWICE as rich as Blues` billionaire owner Abramovich, who has a personal fortune of just 11b.
Ambani`s Reliance Communications (RCom) is the largest supplier of mobile phones on the sub-continent and one of India`s most successful companies in a market that rivals China as the biggest boom economy in the world.

Ambani the 2006 Businessman of the Year moves in the same powerful circles in India as Red Rom does in Russia. He is a friend and confidante of politicians as well as one of the most successful businessmen of the last decade. He is married to former Bollywood actress Tina Munim and one of his two sons is at a private school in Kent.


Sounds fairly promising. In the other corner are the Singaporeans:

From the Far East, comes the Profitable Group, a strategic global investment company that has made a name for itself as one of the shrewdest dealers in a fluctuating market and who now has eyes on a Premier League prize.

In their armoury is Steve McMahon. The ex-Liverpool star made a name for himself as a TV pundit in Singapore working for ESPN.
The Scouser has been appointed Profitable`s Commercial Director in charge of strategic sports investment.

McMahon gives Profitable, who targeted Everton earlier this year, an important weapon in any takeover talks a man who knows football clubs inside out and who can provide Profitable with vital insight.


Overall there`s little doubt that a man with twice the financial clout of the Chelski bloke and nearly 30 times Ashley`s would be welcomed with open arms.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Ross Molyneux Mail feedback, articles or suggestions

Date:Sunday August 3 2008

Time: 9:32AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Newcastle United Articles

Carver Still Wants Permanent Job (Wednesday May 27 2015)

Dummett & Sissoko Talk Season (Wednesday May 27 2015)

Hasselbaink In The Frame? (Tuesday May 26 2015)

McClaren's Free Run! (Tuesday May 26 2015)

Newcastle Know 2015-16 Opponents (Tuesday May 26 2015)

Jonas Shirt Winners Revealed (Tuesday May 26 2015)

Carver On West Ham Relief (Monday May 25 2015)

Ashley's Ambition Statement (Monday May 25 2015)

Audio - Newcastle Need To Spend (Monday May 25 2015)

Archived Newcastle United Articles

List All TOTT Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

1. billybobcat 222
2. Toon_NoMatterWot 138
3. officemonkey 109
4. BLACKBOB 107
5. OldLeazes 96
6. vin1892 82
7. The Owl 73
8. keggy_keagal 59
9. Odin 56
10. Wilco 56

League Table (view table)

Team P W D L GD Pts
12. West Ham 38 12 11 15 -3 47
13. WBA 38 11 11 16 -13 44
14. Leicester City 38 11 8 19 -9 41
15. Newcastle 38 10 9 19 -23 39
16. Sunderland 38 7 17 14 -22 38
17. Aston Villa 38 10 8 20 -26 38
18. Hull City 38 8 11 19 -18 35

Breaking League News

Andy King dies aged 58
Everton : 28/05/2015 09:00:00
Atsu says Everton goodbye
Everton : 28/05/2015 09:00:00
Like Fellow Greatest Coach Belichick No Galacticos
Chelsea : 28/05/2015
@VillasHerc - In The Dressing Room Before Arsenal
Aston Villa : 27/05/2015 21:03:00
QPR Eye Swindon Duo
Q.P.R. : 27/05/2015 20:34:01

Current Site Poll (view all polls)

West Ham MotM
Suggested By:  Site Staff
Krul 1%
Janmaat 0%
Williamson 3%
Coloccini 0%
Dummett 0%
Anita 24%
Colback 0%
Sissoko 6%
Riviere 3%
Gutierrez 63%
Cisse 0%
Sub - Gouffran 0%