Newcastle United - Ku-wait nearly over
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Ku-wait nearly over

Having waited a bit longer to hear any concrete news on the prospective takeover, today saw the first major moves by a consortium to purchase the club from Mike Ashley. Unsurprisingly, on the day the OPEC nations cut oil production, it`s a citizen of an oil producing nation who has been linked with the move.

The Sun reports that businessman Nasser Al-Kharafi is in serious discussions with Ashley and is ready to table a firm offer. The Toon deal will be channelled through an Abu Dhabi company but Al-Kharafi is the man behind it. He is worth 9billion and is listed as the world`s 48th richest man.

He made his money in construction and engineering and was linked with the club last month when a spokesman claimed there was 'nothing serious going on'. A source close to the family said: 'Newcastle intrigues them and there`s a real chance they could get the club. It is possible the deal could be done by next week.'

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

The Journalist

Writer: Ross Molyneux Mail feedback, articles or suggestions

Date:Friday October 24 2008

Time: 7:26PM

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lol, I do love some of your titles!
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25/10/2008 10:16:00


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