Saturday, July 4, 2009

AK's the Man

Malaysian billionaire, Ananda Krishnan has been identified as the man behind the deal to end Mike Ashley's nightmare two-year Toon reign. Popular UK daily, The Sun reported today that the parties concerned expects to make an announcement early next week.
The £95million deal for the club represents loose change to the 71-year-old, who is South East Asia's third-richest man worth £4.5billion.

Other consortia remain in the running to buy Newcastle United.
But after making the first significant move in the drawn-out sale, Krishnan is the favorite to take control after meeting Ashley's drastically-reduced asking price - almost £40m less than the sportswear tycoon paid in 2007.
The owner-in-waiting is believed to favor Alan Shearer to be the club's manager.

MEDIA MOGUL ... Ananda Krishnan

Ananda..favors Shearer as Manager

Like Ashley, Krishnan has kept a low profile as he has built up a powerful business portfolio which includes major interests in oil, entertainment, telecoms and shipping.

Over the years, he has donated millions of pounds to charities and a source said: "Mr Krishnan shuns public exposure and likes to keep a low profile for someone of his stature."

Figures have yet to be confirmed but a significant kitty would be made available for Shearer to use in the transfer market.

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