New takeover company with a telling name gets Newcastle United fans talking

A new company has been formed – and it’s got Newcastle United fans talking.

Wednesday, 5th June 2019, 2:51 pm
Updated Thursday, 6th June 2019, 7:19 pm
Mike Ashley.

A supporter spotted that Monochrome Acquisition Limited had today been incorporated and registered at Companies House – and the only two directors are Sheikh Khaled and Midhat Kidwai, the managing director of the Bin Zayed Group.

The group last week claimed that “terms had been agreed” on a takeover of Newcastle.

The new company, whose name means black and white, is registered at the address of a law firm which has previously advised United, which was put up for sale by owner Mike Ashley in the October 2017.

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And supporters have speculated that the new firm will be used as a vehicle for the proposed takeover.

Newcastle have made no comment on the sale process since news of the Bin Zayed Group’s interest emerged late last month.