So it seems Newcastle are set to become the latest club to fall into foreign hands - if you can call a bid fronted by UBS, on behalf of a US investment fund, as ‘foreign hands.'
Normally when the expression is used it is because there is an air of mystery of who the potential buyers are and where their funding is coming from. It delights the conspiracy theorists if the money is coming from somewhere in the old Soviet Union or the Middle East. Oil money somehow sounds more exciting than the boring old financial markets money which is the origins for the Newcastle bid. At the end of the day money is money and UBS won’t be playing the ‘lifelong fans’ card if the bid is accepted. For Newcastle supporters, just like Man Utd supporters before them, it must be very mi...
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