Ashley looks at fresh options

Published Add your comment

Football News

Newcastle owner Mike Ashley has been casting his net ever wider in the search for a buyer as several potential investors denied any interest.

Ashley's presence in Dubai, along with managing director Derek Llambias, Dennis Wise and Tony Jimenez, has caused a flurry of speculation since he confirmed on Sunday evening that the club is for sale.

However, his trip has yet to pay dividends with the Dubai Investment Group following Dubai International Capital in insisting they have no intention of taking Newcastle off Ashley's hands.

A statement from Dubai Investment Group said: "Following incorrect media speculation about Newcastle Football Club, Dubai Investment Group can confirm that it is not involved in any negotiations to buy Newcastle Football Club, nor does it plan to do so in the future."

The denial came amid reports that Ashley had snubbed a meeting with Arab investors after being told they were prepared to offer only £200million for the club.

That would have represented less than half the £480million said to have been quoted in documents handed to representatives of the emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, earlier this week.

But sources close to Ashley have claimed that the billionaire, who spent the evening at a Dubai beach bar with Llambias and executive director (football) Wise, was never due to attend the talks, with vice-president (player recruitment) Jimenez there as his representative.

Both the Dubai Investment Group, an arm of Dubai Holding, and Zabeel Investments have been linked with a bid for the club.

However, Zabeel Investments chairman Mohammed Ali Al-Hashimi has insisted he has had no direct contact with Newcastle or their representatives.

He told "We have not had any contact. I am not interested in any [English Premier League club] right now."

Copyright (c) PA Sport 2008, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:


Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again