Billionaire Murat Ulker buying or NOT buying Newcastle United

Murat Ulker

 

Now that Newcastle United are up for sale, fans are also ecstatic about possible buyers. One name that came up for a possible new owner is the Turkish billionaire Murat Ulker.

Recent reports came claiming that the Ulker family are interested in buying the club and a representative of the Turkish billionaire, chairman of Yildiz Holding confirmed that Ulker is interested with the club.

Ulker is the chairman of Yildz Holdings and is Turkey’s richest man. He has a food empire which held 56,000 staff and owns different household brands which include McVitie’s, Penguins and Jaffa Cakes. Reports are claiming that he is willing to pay around £220 million to get a hold of the club.

Current owner Mike Ashley announced that he is selling his club yesterday with the hopes of turning the club to a new owner by Christmas.

Mike Ashley

 

“The Ulker family have substantial assets and significant investments already in the UK,” Tom McLoughlin, the Ulker family’s representative said.

“We understand football and our initial specific target would be to make Newcastle a solid top-six club and a permanent feature in Europe with a popular local and worldwide following.”

The sale will end Ashley’s unsatisfying reign over the club he bought for £134 million in 2007, which has seen two relegations and nine managers over an often turbulent decade.

If the news of Ulker buying Newcastle United is true, he will be joining an international roster of billionaires in the Premier League like Chelsea’s Russian owner Roman Abramovich.

However, Ulker’s lawyers and senior officials at the club representing Ashley have not started talks about a possible buy out, and a recent release of Yildiz Holding announced at the Press Association said that there are no plans to buy Newcastle United at this time.

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