NVA Management put a bid on the table to buy Newcastle United

September 29 10:35 2008 Print This Article

It was reported today that a group of Nigerian entrepenuers have put their bid through NVA management on their attempt to buy Newcastle United from current owner, Mike Ashley.


Chief Executive Officer of the NVA Management, Chris Nathaniel said that he wants to make Nigeria the first African country to own a Premier League club. The deal is not secure yet as there are also 6 other companies who also interested including an unknown (so far) Arab company.

Mike Ashley, who once ever said he didn’t buy this club for money, is still attempts to get the bid at his demand of £400 million after just 16 months staged a £134.4 million takeover from the previous owner.

“Right now I am happy to tell you that well meaning Nigerians have responded and the consortium of Nigerian entrepreneurs has so far contributed £350 million to buy the club,” Chris said as quoted from the Telegraph.

“Ashley has stood his ground that he won’t sell the club until the money is raised to the asking price of £400 million.”

Previously the Dubai International Capital (DIC) have ruled themselves out of the running, but there’s a “New” rich consortium from the area who is now being reported as also interested on the Magpies.

  Article "tagged" as:
view more articles

About Article Author

write a comment


  1. Toon Army Scribes
    September 30, 06:04 #1 Toon Army Scribes

    If there really is an Arab company willing to buy the club, I hope they win the bid. Goodness knows how much we need the cash for quality players.

  2. Pete
    September 30, 10:50 #2 Pete

    Ashley is a greedy man if he thinks he can get 400mill+ for the club..He only bought it in the first place to make money from it ..Ashley and the ant hill mob have just about ruined our beloved club through pure greed and no ideas on how to run a football club..
    The sooner he sells at a realistic price the sooner him and his YES MEN can F— O–.And leave the new owners to pick up the pieces.

Only registered users can comment.