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Arabi chief mulls buying Newcastle


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Hasawi seals Nottingham Forest deal – Arabi chief mulls buying Newcastle


KUWAIT: Sources at Kuwait’s Arabi Club yesterday said that its Chairman Jamal Al-Kazemi is “seriously thinking of buying the British Newcastle United football club”. They explained that “he has finalized all conditions that enable him to acquire the club by next week”. The actual negotiations with Newcastle owner Mike Ashley will be clear,” they said. Incidentally, Ashley has wanted to sell the club since 2009. He bought the club known as “Magpies” in 2007 for £134.4 million and it is said that he is willing to sell it for less than £80 million.


With this move, Kazemi is following in the footsteps of former chief of Al-Qadsiya Club Fawaz Al-Hasawi who bought two-time European Cup winners Nottingham Forest. Hasawi, a member of one of Kuwait’s richest families and who resigned as president of Qadsiya earlier this year, had been linked with the sleeping English giant earlier in the summer. He had made no secret that he was aiming to buy a second-tier English club, with Forest having just retained their Championship status and on the market since the sudden death of owner Nigel Doughty in February.


Hasawi confirmed that on his Twitter account yesterday. “I can officially announce that the acquisition of nottingham forest is complete,” he tweeted. “We have become the official owners. I thank my brothers Abdulaziz and Omar for their efforts,” he added without providing any financial details on the value of the deal. The Hasawis have been negotiating the takeover for several weeks with the Estate of Doughty. In a June 29 statement, the Hasawis said the “future on-field and off-field success of Notingham Forest is at the heart of our plans”.  His news was greeted with delight by the playing staff. “Great news,” said striker Dexter Blackstock in a tweet of his own.


By A Saleh and Agencies




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I don't want to be one of those clubs in millions of debt and not run properly. Spending millions in the pursuit of glory, while sacrificing the long term stability of the club.


I like the way we are run at the moment and the way we want to achieve success in the future, while maintaining the long term stability of the club.


So yeah, if they are thinking about doing this they can f*ck off.

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