The Bin Zayed Group, who were reported to have agreed a takeover deal with Newcastle owner Mike Ashley back in May, have issued an update on said takeover via Dubai-based sports presenter Peter Redding after over a month of silence.
Reminds me of when we had the famous Dwight Yorke and Andy Cole partnership in 2008. What a time to be alive. Backed up by the European championship and champions league winner Thomas helmer with Roy Keane dominating midfield and a peak bolo zenden out wide supplying the crosses. Journalist Douglas recently shared an article on Twitter concerning Newcastle managing director Lee Charnley. 'Unthinkable' - Lots of NUFC fans fume at Douglas' tweet. Since the takeover.
Newcastle are currently in crisis following the departure of
Issuing a statement
Following a meeting with Bin Zayed Group officials they would like to put on record the following information for NUFC fans:
'Both parties have worked diligently in finalising a deal, none more so than ourselves. We have completed every aspect required in a takeover process.
'The current owners have cooperated amicably throughout this process, and if a deal is not forthcoming, it will not be due to lack of effort from both parties.'
'The current owners have cooperated amicably throughout this process, and if a deal is not forthcoming, it will not be due to lack of effort from both parties.'
Newcastle United Takeover
Newcastle fans, understandably wary of owners, expressed confusion that the Bin Zayed Group released this statement via a little-known radio presenter.
I mean, seriously, I thought these guys had a hotline to the Chronicle. If you want to communicate with #nufc fans why release a flaky statement via Twitter? Not impressed in any way shape or form
— Luke Edwards (@LukeEdwardsTele) July 8, 2019This statement has somehow managed to make me more confused than I was before it.
— NUFCBase (@nufcbase) July 8, 2019Sorry @dubai_geordie .. no offence, but.. if this BZG outfit was as a wealthy as reported they'd not release a statement like this via a 3rd party like yourself. At best it would come from their Legal Team. This has the FCB written all-over it! #ashleyout#nufc#nufctakeover
Nufc Takeover News Twitter
— Andrew Stainthorpe (@macdesigner) July 8, 2019Others noted their confusion over the wording of the statement, with particular regards to the BZG group claiming they have 'completed every aspect required in a takeover process.'
If they’ve completed everything then whats holding it up
— 👉🏽Dayle👈🏽 (@DayleBarron) July 8, 2019
That statement brings no clarity whatsoever. How can you have completed every aspect and still not own a footballclub? Surely you don’t complete it all, just to be slapped with a “no thanks” in the end? 🤯 #NUFC
— NUFC 360 (@NUFC360) July 8, 2019Regardless of the statement, the harrowing facts surrounding Newcastle remain all too clear for the Toon Army: No manager, no successful takeover, no incoming transfers with the close of the window one month away.
Times truly are dire on Tyneside.
© Provided by This is Futbol FA Cup Third Round Replay - Newcastle United v RochdaleMultiple Newcastle United fans have flocked to the latest tweet from Mark Douglas that recently emerged on social media.
Journalist Douglas recently shared an article on Twitter concerning Newcastle managing director Lee Charnley. The article reflected on the last time Newcastle got relegated and what Charnley said when it happened under Rafael Benitez in 2016 and how it’s relevant today.
He said that the Magpies would’ve faced ‘bloodshed’ if they had stayed in the Championship for more than one season and it was a ‘gamble’ for the club from a financial point of view, as well as with regards to adhering to Financial Fair Play Rules. He said the club couldn’t operate properly when the wage bill was more than the turnover.
He made it clear that if the club hadn’t got promoted, it’d have been a ‘catastrophe’ and a ‘bloodbath’.
Douglas’ tweet drew the attention of many Newcastle fans, who made their views clear about this.
What did Newcastle fans make of Douglas’ tweet?
“Charnley is as culpable as anyone for the mess the club is in. No doubt he played a role in Bruce’s appointment & in the cabbage being allowed to continue in the job taking the club to its inevitable destiny under his management – the Championship.“
Credit: @Fozzie94
Back in 2018, Charnley also said that Benitez would’ve left the club if they had been in the Championship for more than one season and lost some players as well (as per Chronicle Live).
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With no fans in the ground, the club have taken a £40 million hit this time around and potential relegation this time could lead to an even worse situation for the Magpies.
“Bottom line. Leadership have failed. Yes Bruce is useless but admittedly he isn’t solely culpable. Since the takeover news it feels like leadership have literally washed their hands of the club and it shows. We are rudderless and heading for a cliff.”
Credit: @LLagay2011
The Magpies are currently 17th in the Premier League and they recently lost 3-0 to 16th-placed Brighton, which won’t be a pleasing result at all.
It has previously been reported that since many Newcastle players don’t have relegation clauses in their contracts, they will carry their current wages to the Championship when the Magpies may not have the Premier League revenue, which could bring further financial misery (as per The Times).
So it makes for grim reading and the players should try as hard as they can to survive the drop.
In other news: ‘Can things get any worse?’, ‘We are doomed’ – These NUFC fans lament as Lee Ryder relays update