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Mon 1 Sep 2014 01:18 PM

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Marwan Koukash says willing to pay cash for Australian rugby club

Palestinian-born billionaire reportedly wants to own an NRL club in time for next year's kickoff

Marwan Koukash says willing to pay cash for Australian rugby club

Palestinian-born businessman Marwan Koukash, the owner of the Salford Red Devils rugby team, is reportedly interested in acquiring an Australian club to fulfill his ambition to own a National Rugby League team and is prepared to pay cash up front, according to The Sydney Morning Herald.

The British businessman would not, however, disclose the “two or three clubs” he was in discussions with, but Newcastle is believed to be among them. Koukash also stated that he was prepared to provide financial guarantee to allay concerns that he may not be around for the long term.

Koukash’s story is an inspiring one. Currently he is worth an estimated $3 billion, but at the age of eight, his family farm was bombed and had to walk for three days without food or shelter and only owned his first pair of shoes at 12. Today, most of the billionaire’s wealth is derived from the establishment of a corporate training company.

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