r0cafella Posted January 18, 2018 Share Posted January 18, 2018 Chronicle reporting offer still on table and she’s willing to show proof of funds. If she isn’t willing to increase the offer it all seems a little pointless mind. Link to post Share on other sites More sharing options...
Robster Posted January 18, 2018 Share Posted January 18, 2018 I hope this puts an end to all these so called ITKs. Bunch of useless knackers. It's very possible that the information that they had was correct and then, at the last minute, Ashley has just pulled the plug or moved the goalposts. Link to post Share on other sites More sharing options...
Wilson Posted January 18, 2018 Share Posted January 18, 2018 Chronicle reporting offer still on table and she’s willing to show proof of funds. If she isn’t willing to increase the offer it all seems a little pointless mind. Isn't that something that happens when the PL do their 'checks'? Link to post Share on other sites More sharing options...
Wullie Posted January 18, 2018 Share Posted January 18, 2018 http://www.football365.com/news/newcastle-and-the-depressing-need-for-a-nicer-billionaire Link to post Share on other sites More sharing options...
loki679 Posted January 18, 2018 Share Posted January 18, 2018 Chronicle reporting offer still on table and she’s willing to show proof of funds. If she isn’t willing to increase the offer it all seems a little pointless mind. I'm getting the impression she had a large group of investors chucking in £50m here and £50m there, not a single very wealthy individual or company. It might be the case that they're not willing to increase their stake and thus she's unable to increase her offer any further. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 18, 2018 Share Posted January 18, 2018 http://www.football365.com/news/newcastle-and-the-depressing-need-for-a-nicer-billionaire They stole my body snatchers idea! Good read. Link to post Share on other sites More sharing options...
Matt Posted January 18, 2018 Share Posted January 18, 2018 Still cannot understand why her backers were named and they have then come out and say they ate no longer intrested in the club . Does this mean she still wants the club it's just that she still has not raised the cash yet . So Ashley called it all off . Ashley came out and effectively labelled her a time-waster. This is her way of showing (with the permission of the backers) that they were people of real substance- it might not save this deal but it may help the next one. Link to post Share on other sites More sharing options...
r0cafella Posted January 18, 2018 Share Posted January 18, 2018 Still cannot understand why her backers were named and they have then come out and say they ate no longer intrested in the club . Does this mean she still wants the club it's just that she still has not raised the cash yet . So Ashley called it all off . Ashley came out and effectively labelled her a time-waster. This is her way of showing (with the permission of the backers) that they were people of real substance- it might not save this deal but it may help the next one. Agreed, if she doesn’t up her offer this deal is dead. Any money Ashley puts into the club has remained on the balance sheet regardless he’s done nothing out of good will as far as the club is concerned. Link to post Share on other sites More sharing options...
TK-421 Posted January 18, 2018 Share Posted January 18, 2018 I'd guess any sort of improved offer will depend on results on the pitch. If results improve and we approach safety, she may feel more confident to give closer to what he wants. On the flipside though, I doubt Ashley would accept her current lower offer if we looked in serious trouble. Link to post Share on other sites More sharing options...
xLiaaamx Posted January 18, 2018 Share Posted January 18, 2018 Interesting if the Rueben family were gunna be involved since Jamie despises Rafa Link to post Share on other sites More sharing options...
Guest chopey Posted January 18, 2018 Share Posted January 18, 2018 Interesting if the Rueben family were gunna be involved since Jamie deespises Rafa Why ? Link to post Share on other sites More sharing options...
Incognito Posted January 18, 2018 Share Posted January 18, 2018 Interesting if the Rueben family were gunna be involved since Jamie deespises Rafa Why ? Reuben is a Chelsea follower. Link to post Share on other sites More sharing options...
1964 Posted January 18, 2018 Share Posted January 18, 2018 Interesting if the Rueben family were gunna be involved since Jamie deespises Rafa Why ? Reuben is a Chelsea follower. The use of the word follower there is obviously deliberate :lol: Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 Report – Amanda Staveley’s Surprising Investors Revealed – Two Brothers Written by Dr. Ed Harrison 8:03am Thursday, January 18th, 2018 We were led to believe that because Amanda Staveley was situated in the Middle East and knew lots of wealthy middle-east investors that those interested in buying Newcastle were from that region. David Conn of the Guardian has revealed today the investors were actually from London and are the wealthy Reuben family. Conn has reported he got the go-ahead from Amanda Staveley to reveal who the real investors would have been – if the deal had gone through. They are said to be the co-investors in the takeover attempt of Newcastle, which has ultimately failed. The business is the Reuben Brothers’ business and led by David and Simon Reuben, who are both in their 70s. The brothers were born in Mumbai, India and arrived in London in the 1950s with their mother, Nancy, and lived in Islington. In the Forbes World Billionaires of 2017, they were listed as the 65th richest in the world with a net wealth of $15.3B – about £11B. Their business activities are mainly in the UK property market, where they have a substantial portfolio of debt-free assets. As of 2016 their business activities mainly involved real estate, both in the UK and abroad, venture capital, and private equity. David Conn has reported that the main man involved in the negotiations from Reuben’s camp was David Reuben’s 31-year-old son Jamie. He was the one involved with Ms. Staveley as they bid for Newcastle United. Conn has also surprisingly reported that when the November offer of £250M was not accepted, the deal was off as far as the Reuben camp was concerned. The piece by David Conn in the Guardian seems to support the case made by Mike Ashley that not much has happened in four months other than the £250M bid in November. Ashley thought that offer was undervaluing the club and no further proposals were made. Here’s a piece from the Guardian report which quotes a spokesman for the Reuben family saying the deal is definitely off: “It is true that we did have a look at it, but nothing actually happened,” “We are not investing in Newcastle United either as Reuben Brothers or as any individuals, including Jamie.” This is looking like what happened in 2008 all over again, and Mike Ashley could eventually take the club off the market if he doesn’t get the high price he wants. If that happens it will be a complete and utter disaster for Newcastle fans everywhere. Link to post Share on other sites More sharing options...
Darth Crooks Posted January 18, 2018 Share Posted January 18, 2018 Link to post Share on other sites More sharing options...
Mike Posted January 18, 2018 Share Posted January 18, 2018 Report – Amanda Staveley’s Surprising Investors Revealed – Two Brothers Written by Dr. Ed Harrison 8:03am Thursday, January 18th, 2018 We were led to believe that because Amanda Staveley was situated in the Middle East and knew lots of wealthy middle-east investors that those interested in buying Newcastle were from that region. David Conn of the Guardian has revealed today the investors were actually from London and are the wealthy Reuben family. Conn has reported he got the go-ahead from Amanda Staveley to reveal who the real investors would have been – if the deal had gone through. They are said to be the co-investors in the takeover attempt of Newcastle, which has ultimately failed. The business is the Reuben Brothers’ business and led by David and Simon Reuben, who are both in their 70s. The brothers were born in Mumbai, India and arrived in London in the 1950s with their mother, Nancy, and lived in Islington. In the Forbes World Billionaires of 2017, they were listed as the 65th richest in the world with a net wealth of $15.3B – about £11B. Their business activities are mainly in the UK property market, where they have a substantial portfolio of debt-free assets. As of 2016 their business activities mainly involved real estate, both in the UK and abroad, venture capital, and private equity. David Conn has reported that the main man involved in the negotiations from Reuben’s camp was David Reuben’s 31-year-old son Jamie. He was the one involved with Ms. Staveley as they bid for Newcastle United. Conn has also surprisingly reported that when the November offer of £250M was not accepted, the deal was off as far as the Reuben camp was concerned. The piece by David Conn in the Guardian seems to support the case made by Mike Ashley that not much has happened in four months other than the £250M bid in November. Ashley thought that offer was undervaluing the club and no further proposals were made. Here’s a piece from the Guardian report which quotes a spokesman for the Reuben family saying the deal is definitely off: “It is true that we did have a look at it, but nothing actually happened,” “We are not investing in Newcastle United either as Reuben Brothers or as any individuals, including Jamie.” This is looking like what happened in 2008 all over again, and Mike Ashley could eventually take the club off the market if he doesn’t get the high price he wants. If that happens it will be a complete and utter disaster for Newcastle fans everywhere. Link? Link to post Share on other sites More sharing options...
timeEd32 Posted January 18, 2018 Share Posted January 18, 2018 Written by Dr. Ed Harrison Link to post Share on other sites More sharing options...
Beren Posted January 18, 2018 Share Posted January 18, 2018 Link to post Share on other sites More sharing options...
loki679 Posted January 18, 2018 Share Posted January 18, 2018 So she basically had £250m to spend and when that wasn't enough the whole thing was fucked. Her backers weren't prepared to put any more than that in and that was never going to be enough to get the deal done. Link to post Share on other sites More sharing options...
TRon Posted January 18, 2018 Share Posted January 18, 2018 Well at least it gave Ashley the smokescreen he needed to avoid investing any money in yet another transfer window. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 18, 2018 Share Posted January 18, 2018 The Reuben family obviously have a lot of wallpaper. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 Here is tha actual article from the Guardian guys: https://www.theguardian.com/football/2018/jan/17/reuben-family-newcastle-takeover-amanda-staveley Doubts over Reuben family involvement in Newcastle takeover • Uncertainty surrounds bid by Amanda Staveley • Staveley reported to have made £250m offer in November David Conn A major British family investor, the first to be named by the businesswoman Amanda Staveley as a financial backer of her £250m bid to buy Newcastle United, has said they are not now planning to invest in the club. According to both parties, the Reuben family did agree financial terms to support Staveley’s bid in December, but after her offer was rejected the family has not been involved with it since. A representative of Staveley, asked by the Guardian how she is proposing to fund the planned takeover of the club from the Sports Direct owner Mike Ashley, said on Wednesday that he had been authorised to reveal that the London-based Reuben family is one of her co-investors. Before that, Staveley had not publicly named any backers; sources close to her had said she has £28bn under management from investors worldwide but that she might mostly pay for Newcastle herself. Organised corporately as Reuben Brothers – a property, private equity and venture capital conglomerate headed by the brothers David and Simon Reuben, who are reported to be billionaires – the family have a very sizeable and financially powerful business. The brothers own Millbank Tower and a very large property portfolio in London, the value of which escalated them to the top of the Sunday Times “rich list” in 2016 with an estimated personal wealth of £13bn. They are also involved in plans to convert a former police station in Newcastle city centre into a “retail and leisure quarter” featuring a hotel, shops and restaurants. Staveley’s representative said that the Reuben family’s proposed investment in Newcastle had been led by David’s son Jamie. He is reported to have various ventures in his own name and to be a football supporter, and has an office at the family’s charitable arm, the Reuben Foundation. A source close to Jamie Reuben confirmed that they were approached by Staveley in November, and they did agree financial terms for their involvement. Then in December they understood that the deal was off because Staveley’s offer had been rejected, and the family has had no further engagement with it since then. The official spokesman for Reuben Brothers confirmed that the family did consider whether they might invest in Newcastle, but said Simon Reuben is unequivocal that they are not doing so. “It is true that we did have a look at it, but nothing actually happened,” the spokesman said. “We are not investing in Newcastle United either as Reuben Brothers or as any individuals, including Jamie.” The Reuben Brothers’ official spokesman said Simon Reuben was “pretty emphatic” that the family is not investing and said that, as Jamie Reuben had led on the talks with Staveley, Simon had called Jamie and confirmed that was correct. “They had a look apparently, but it didn’t go anywhere,” the spokesman said. On Tuesday Ashley, who wants £350m for the club he has owned for approaching 11 years, broke his silence of three months since putting the club up for sale, by denying that there is any deal “on the table” from Staveley, or that discussions are still being held with her. Staveley and her camp say they made the revised offer of £250m in December via a London lawyer, and have been waiting for a month for Ashley to come back to them. Staveley’s representative said there was an agreement with the Reuben family, and there had been no need to engage further with them since December, or for them to commit any funds, because no further progress had been made with Ashley. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted January 18, 2018 Share Posted January 18, 2018 So it’s not completely out of the question that she could find another co-investor? Hence why it’s dragging on and maybe that is the progress that Caulkin referred to, her finding someone else to go in with her. Link to post Share on other sites More sharing options...
KaKa Posted January 18, 2018 Share Posted January 18, 2018 So it’s not completely out of the question that she could find another co-investor? Hence why it’s dragging on and maybe that is the progress that Caulkin referred to, her finding someone else to go in with her. Yeah, think she's possibly looking to get another backer since that initial bid was turned down. Hence the fat dollops's frustration. Link to post Share on other sites More sharing options...
sbnufc Posted January 18, 2018 Share Posted January 18, 2018 In the Forbes World Billionaires of 2017, they were listed as the 65th richest in the world with a net wealth of $15.3B – about £11B. £11bn and can't spare an extra £50m to buy a football club. Tight bastards Link to post Share on other sites More sharing options...
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