Throughout the summer of 2019, Newcastle fans were praying that the Bin Zayed Group would complete their reported takeover of the Magpies.
That didn’t happen, but BZG weren’t the only people looking to do a deal with Mike Ashley.
In August, British billionaire Jim Ratcliffe purchased Ligue 1 side Nice, having submitted an offer of around £89million in March.
However, if things had gone differently it could have been Newcastle who Ratcliffe’s company Ineos bought.
In September 2019, Ratcliffe’s brother Bob told BBC Sport: “People talked to us about Newcastle but, again, you come back to a valuation in the 100s of millions and it’s very difficult to contemplate.”
After the summer debacle at St James’ Park, takeover talk is the topic of conversation once again. This time it’s the Saudi Arabia sovereign wealth fund who are reportedly keen.
With the kind of money they’ve got, purchasing Newcastle shouldn’t be a problem. But if that was the case, why hasn’t it happened yet? Instead, we’ve witnessed leak after leak about what could likely be another failed takeover attempt.
‘A bit silly’
Is this why Mike Ashley can’t sell Newcastle United?
While people might have enough money to buy the Magpies, that doesn’t mean they are getting value.
There is so much money in English football right now that it’s hard to break the monopoly. That’s why prospective owners are either looking further down the Football League or out into Europe.
Amanda Staveley’s financiers might be flush with cash, but maybe they don’t want to waste so much of it on a club who have suffered relegation twice since 2009.