Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Newcastle Owner Embraces the Price of Success
London Telegraph, December 20th, 2006 4:12PM

MOST READ

MOST COMMENTED

It's funny how most non-Chelsea fans want to see the Sky Blues go down. The club is after all the reigning two-time EPL champion, but more than that, the fact that multi-billionaire owner Roman Abramovich can buy whomever he pleases adds to the ire opposing fans feel for his team. And yet, most fans want a Roman Abramovich for their club: after all, foreign ownership is en vogue these days in the English Premiership. Today, Newcastle United chairman and fan Freddy Shepherd laid out in no uncertain terms that Newcastle is actively on the lookout for the next multibillionaire to buy his club. After an annual meeting yesterday, Shepherd stated that Newcastle's future would be better off with a super-rich benefactor. "I'm a Geordie and I don't want to move anywhere, but at the end of the day it's about finding whatever is the best for the club," he said adding: "Multi-millionaires are not enough any longer, you need billionaires. We would have to make sure that they would be fit and proper people to take over. There have been reports that American hedge fund Polygon might to take the reigns at Newcastle but even a rich hedge fund might not bring the kind of capital to the table that Shepherd is looking for. The Newcastle owner says he's receiving about "10 proposals per week" and the only formal offer has come from the New Jersey-based group Belgravia. The group entered an offer period on August 21 but has made no firm bid since. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Mertesacker: Gunners Lack Confidence    
In a candid interview, Arsenal center-back Per Mertesacker admits that the Gunners are low on confidence ...
Rodgers: Why Always Balotelli?     
Once again, it was all about Mario Balotelli, as Liverpool coach Brendan Rodgers fielded a barrage ...
Report: Demand Amps Up Ahead of El Clasico    
This Saturday's Clasico between Real Madrid and Barcelona, which regularly draws hundreds of millions of viewers ...
Ferguson: Moyes Didn't Inherit Declining Man United    
Alex Ferguson has updated his book My Autobiography to include a section about the short reign ...
Mourinho: Drogba Could Start vs. Man United     
Chelsea striker Loic Remy, who was substituted in the 13th-minute of Tuesday's 6-0 UEFA Champions League ...
Russia: Racism is a Global, Not Russian, Problem    
Russian Sports Minister Vitaly Mutko denied that his country has a particular problem with racism in ...
Robben Hails Bayern Tactics in Roma Thrashing    
Bayern Munich's 7-1 demolition of AS Roma at the Stadio Olimpico on Tuesday night-which broke the ...
Kompany: City, Not CSKA, Punished by Stadium Ban    
When UEFA slaps a stadium ban on a European club-as it has CSKA Moscow in the ...
Report: Raul to Join Cosmos This Week     
Former Real Madrid striker Raul Gonzalez on Tuesday reached an agreement to play for New York ...
Platini: Ballon d'Or Should Not Go to Ronaldo, Messi     
UEFA President Michel Platini believes the 2014 Ballon d'Or should not go to either Cristiano Ronaldo ...
>> Section 2 Around the Net Archives