David and Simon Reuben have stayed out of the spotlight despite US$12 bil fortune. FMTNews
LONDON: If the takeover of Newcastle United Football Club is approved by the Premier League, fans of the UK football team will be swapping one brash British billionaire for two intensely private ones.
Maintaining that level of discretion may become harder as the Reubens pursue a deal for Newcastle, one of the best-supported clubs in England. Newcastle’s supporters, known as the Toon Army, are considered among the loudest in the UK, and recent matchday boycotts and protests against Ashley’s management offer the potential buyers an indication of the fan pressures of modern football team ownership.
“The owners will be influencing the hearts and minds of 50,000 Geordies and they expect something of you,” Maguire said at the University of Liverpool, referring to the colloquial term for people from Tyneside in the northeast.The commercial opportunity of a UK football club may explain the Reubens’ willingness to expose themselves to the greater public inspection of owning a team – the rewards can be considerable if things go according to plan.
“Newcastle has a huge fan base and stadium and £300 million isn’t a lot of money for such an asset,” said Mark Shipman of Michael Elliott, a commercial property investment adviser.
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