Monday, March 14, 2011

Take Over - Yes or No?

This weekend we woke up to headlines in the Sunday papers about a Indian Businessman planning a 200m plus offer for Newcastle United. Anil Ambani is the man said to be interested in buying the club. Ambani is the head of the large Reliance ADA group and he is one of Asia's richest businessman with a estimated worth of around $8.8b. He was previously linked with buying the club back in 2008 after our relegation.

Is this good news for the club? Is the feeling amongst fans that we are better off without MIke Ashley regardless of who comes in to replace him. We know very little about Mr Ambani however he is a top businessman, but the same can be said about Mr Ashley. If Ambani turned out to be a Geordie Abramovich then I am sure we will have questions about his background or if he actually is follower of footballor even a Newcastle fan. If Ambani was to purchase United then we would become the second English premier league club to have Indian owners following the venki families purchase of Blackburn.

Other than the obvious benefit of being rid of Mike Ashley and having a mega rich owner there are numerous other benefits this could bring to the club. With the new financial regulations that are set to be introduced next season which restricts clubs to operating without the generated revenue, being able to tap into the massive Indian market could greatly increase our revenue and give us more room to operate. Indian has a population of around 1.18 billion people with Ambani's business knowledge Newcastle could become the team for Indian fans to follow - the potential growth seems limitless.

Of course fast following this news came the clubs denial - which we all expected - however I believe their is never no smoke without fire. Ambani has been linked with us in the past and will no doubt find Newcastle United a much more stable investment thanks to the trimming of our wage bill and the immediate return to the Premiership.

Now the negative impact some would agrue could be the upheaval that we would go through. Would new owners like the unknown Pardew? - then again would many fans shed a tear is Pardew was to leave the club?

I would love for this deal to go through and look forward to a bright future with Mr Ambani at the helm.
Ambani: New NUFC owner?

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