I think Newcastle can be a serious competitor for Man United in the hunt for Kim Min-Jae because there are rumours that Newcastle has a big enough budget for next season. This can be a tough transfer because when there are 2 teams that are interested in the same player, it is likely that there will be a bidding war, and it can cause transfer values to be soaring.
In addition, there is also news that Sheikh Jassim made a fifth offer to the Glazers and there are indications that it is a final offer. So if the Glazer still counteracts the offer or remains silent, most likely that Sheikh Jassim will step down in acquiring Man United.