A £300 million Saudi Arabian group takeover of Newcastle United is close to being agreed according to a report from BBC Sport but why didn’t they try to buy West Ham?
Mike Ashley bought a controlling stake in Newcastle way back in June 2007.
It appears as though his miserable 14-year reign at St James’ Park is close to being over, however.
The Newcastle fans are delighted. Meanwhile, the West Ham fans will be left looking on in envy.
The Hammers are doing fantastically well on the pitch under David Moyes, but problems still persist off the pitch at the London Stadium.
Tensions between the West Ham fans and the owners have never gone away due to broken promises.
The majority of Hammers fans would jump at the chance of a takeover like the one about to happen at Newcastle.
And considering our standing in the league, the fact that we are playing European football and our position in London, it’s strange why the Saudis didn’t try to by us rather than the Magpies.
Is this the real reason Saudi group chose to buy Newcastle rather than West Ham?
The Hammers fans have been growing more and more disgruntled with co-owners David Sullivan and David Gold and vice-chairman Karren Brady in recent years.
The same can be said for the Newcastle fans and Mike Ashley.
Sullivan might just be the main reason why the Saudi-backed consortium chose to move ahead in their attempts to buy Newcastle rather than West Ham.
The 72-year-old values the Hammers at a quite extortionate £600 million, according to a report from the Daily Mail.
That’s twice as much as Newcastle’s current owner Mike Ashley reportedly wants for the Tyneside club.
It’s easy to see why the Toon would be viewed as a better buy than West Ham, considering the difference in price.
There is also the added factor that the Hammers do not actually own their own stadium. Added to that, their Rush Green training facilities really aren’t up to a Premier League standard.
Quite where Sullivan has come up with the £600 million valuation of West Ham is anyone’s guess.
And taking that into account, it is little wonder why the Saudi group didn’t even consider buying West Ham.