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Report: Newcastle co-owner Jamie Reuben considering Chelsea takeover

Jamie Reuben is being linked with a move to buy Chelsea, despite his 10% stake in Newcastle United.

The 34-year-old was involved in the Saudi-backed takeover of the Magpies six months ago, making up one tenth of the consortium alongside PCP and PIF.

RB Sports and Media own 10% of the club, and are represented by Jamie Reuben, who is now a Newcastle director.

But a report from Bloomberg puts his Toon future in doubt.

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Roman Abramovich has put Chelsea up for sale following Russia’s invasion of Ukraine. And one of Newcastle’s co-owners is reportedly considering a bid to buy the Blues.

Jamie Reuben to Chelsea rumour begs a lot of questions

The report states that Jamie Reuben is ‘exploring’ a bid to buy Chelsea from Abramovich. They add that he is ‘considering bidding on a personal basis, although he may use some of his family’s wealth’.

Jamie’s father David and uncle Simon are collectively known as the Reuben brothers, and have a reported net worth of $7billion each.

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If Reuben does make a move for Chelsea, surely his time at Newcastle is up. There’s no way he can own Chelsea and have a stake in Newcastle as well. Premier League rules would not allow it.

He was previously a director at QPR, but stepped down in 2020 when it looked like PIF’s takeover of Newcastle was going to happen.

Reuben is a fan of Chelsea, which might be the reason he is tempted to buy them.

But if the money is there to buy Chelsea in its entirety, why did a solo bid for Newcastle never happen? The Saudi-backed takeover dragged on for a long time, and that was down to the involvement of PIF and their links to the Saudi state.

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If Reuben thinks he can afford Chelsea then he could’ve afforded Newcastle as well. The Magpies were sold for £305million, while Abramovich reportedly wants £4billion for Chelsea.

It seems highly unlikely that Reuben will buy Chelsea. The report adds that he may not even make a formal bid.

But if he does make an approach, surely he can’t continue at St James’ Park. His family would then have to sell their stake in the club.

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