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News and Commentary On Newcastle United Football Club By Ed Harrison, A Proud Exiled Geordie And Lifelong Fan

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Takeover Talk of Newcastle Is Simply Nonsense

10:28 am, Monday, February 18th, 2008 by Dr. Ed Harrison · 29 Comments

There’s been a lot of takeover speculation on Newcastle United over the weekend and even today.

alan-shearer-12345.jpg

Alan Shearer - has immediately denied any link to North East bid for Newcastle

We think that’s because, with no Premier league games over the weekend, there’s a shortage of news. Seems that Mike Ashley selling Newcastle United to whoever has been brought up a couple of times.

First of all that stalwart of real news the News Of The World has stated that Shearer has been asked to front a bid for the club by North East Businessmen. Shearer has completely denied this today, not only that he is the front, but he knows nothing about any group of North East Businessmen even wanting to buy the club. Oh well.

One thing wrong with the NOTW story was the offer quoted was £250M, which is what Ashley has already spent on Newcastle United. Why would Ashley accept that offer?

Today the Sun, another top newspaper that is fond of making up stories when things are slack, is reporting that Mike Ashley has approached DIC, the Dubai based group, telling them they are available for £300M. We think it’s interesting the figure has now increased to £300M. Oh, and in case you are still interested, DIC was said to turn down the offer to buy Newcastle United at £300M. Guess this must have all happened last night.   :D

And the other laughable thing is the new agencies and papers report the story on DIC, and also yesterday’s story involving Alan Shearer – and then come to the conclusion that with these two bids it’s now quite obvious that Mike Ashley wants out at Newcastle. Logic is a little shaky to say the least.

Don’t believe one word of this – it’s all just utter nonsense, or as my mother used to tell us – a load of tripe!

Comments welcome.



Tags: Newcastle News



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29 responses so far ↓

  • 1 Davies // Feb 18, 2008 at 10:36 AM

    Seems like an effective way of unsettling the players of an already under fire team. I wonder if these “journalists” would care to help us all out and start writing the same sort of thing about Man Utd.

    That’d be a great help. Thanks very much in advance.

  • 2 craftymagpie // Feb 18, 2008 at 10:38 AM

    theres more shit stirring tripe this morning with thepeople newspapers saying keegan wanted ronaldinho and beckham but ashley said on your bike kevin….i think its agood in some ways,maybe the players will see all this and itll kick their asses

  • 3 ChrisL // Feb 18, 2008 at 10:38 AM

    Ed, if you think it’s rubbish (I agree BTW), don’t give it air time mate.

  • 4 Callum // Feb 18, 2008 at 10:40 AM

    Yeah, even though it rubbish, your still highlighting it which is what the papers want :(

  • 5 KevinHann // Feb 18, 2008 at 10:47 AM

    I don’t think it is rubbish. It is too persistent to be ordinary gossip. Truth is if it Ashley really wants to sell, it should happen as soon as possible as more uncertainty would harm the club if this goes on till the summer (worst time for the club to be sold!)

  • 6 ross // Feb 18, 2008 at 10:50 AM

    More shit from london. It makes you think the cockneys are scared of us and wont be happy until we’re relegated.

  • 7 marcus owen // Feb 18, 2008 at 10:50 AM

    Alan immediately denied. How about MA?

  • 8 Punk Skunk // Feb 18, 2008 at 10:51 AM

    Hey Davies, y’right…No mention of the manure Rape Case recently is there?..& it’s took all season for them to get round to calling what’s goin’ on at liverpool, a crisis…I digress!..

  • 9 Tom_Toon // Feb 18, 2008 at 11:19 AM

    I realy hope we do get taken over by DIC, i said that months ago when the rumour was first there.

  • 10 Neil // Feb 18, 2008 at 11:34 AM

    Tom_Toon, normally I don’t comment negatively on other people’s posts but what exactly do you KNOW about DIC???? Are you linked to this company? Do you know how good a job they’ll do? Would you be happy for us to be classed as 2nd on their list after Liverpool?
    What would make you so happy for us to be owned by a corporate company? I don’t understand. This probably sounds aggresive towards you but honestly it isn’t meant to be I am just really interested to know your feelings.

    Cheers

  • 11 craftymagpie // Feb 18, 2008 at 11:43 AM

    mike ashleys silence in general really irks me..i wish the guy would stand up for the crap we fans have to endure and put the tabloids in their place..a simple few words would lift the spirits,not just for us but the bloody team as well,all this BS isnt good for either

  • 12 Tom_Toon // Feb 18, 2008 at 11:48 AM

    Just the general feeling on Arabs, they will splash the cash no doubt and will hire professionals not trying to do it themselves, with this i mean they dont hire a chairman who knows bugger all about football, even though jeff vetere etc was a good move.

  • 13 UTD111 // Feb 18, 2008 at 11:49 AM

    There should be some way that Newpapers are brought to account for making up stories containing total fabrication and lies.
    If an individual did it they would be sued for slander/libel (depending on the media used).
    The London gutter press are an absolute disgrace.
    Cheers

  • 14 Neil // Feb 18, 2008 at 11:56 AM

    OK Tom_Toon fair point. Aren’t you willing to give Fat Mike a chance though – Especially as he can prove in the summer what he really wants for the club. I don’t think he ever really supported Allardyce but I don’t really blame him for that as no matter how many times Sam claims he wasn’t given time there was never any light at the end of his “pro-zone, 90% of games are won with set pieces, poor tactical decisions” tunnel!!

  • 15 UTD111 // Feb 18, 2008 at 12:00 PM

    We tried being owned by a DIC before – then Mike Ashley bought him out lol

  • 16 Tom_Toon // Feb 18, 2008 at 12:01 PM

    Not really because the signals are wrong + the transfer windows are more important for us then mnay times before as we need players desperately.

  • 17 Graeme // Feb 18, 2008 at 12:02 PM

    Neil, DIC are the investment branch of the Dubai Royal Family. They invest in many areas of business, buy up underperforming companies, turn them round, make them grow, generate substantial profits.

    They usually employ the top managment team in any field to run the operation for them and they are worth 100′s of Billions – make MA’s fortune look like small change. If they want to buy NUFC, I would certainly welcome it as long as they get it sorted by end of May.

    PS. I have no connection with DIC, unfortunately lol

  • 18 Bosck // Feb 18, 2008 at 12:11 PM

    even if he did want to sell, the figure would have to be at least £360 million, considering he bought the club for £250m and paid £110m to clear the debts.

    whether he wants out or not and i dont think he does, he is not going to sell at a massive loss, he is a top business man who has made millions not one who will lose millions.

  • 19 Neil // Feb 18, 2008 at 12:12 PM

    Graeme you can’t surely think that Liverpool are an underperforming business with regards to trophies or indeed their plans for the new ground etc yet DIC want to buy them.
    I agree they turn businesses around into successful profitable schemes but football is different – fact. Look at what Ashley did with flagging businesses – It stands up to be compared in my opinion and we are judging him in less than 1 year for God’s sake. I, like every NUFC fan, want immediate success but we can’t have that and the sooner we realise that the better.

  • 20 Martin // Feb 18, 2008 at 12:28 PM

    Dear God I’m amazed that this kind of shit has people thinking! Me and my mates once made up a story and sold it to the Sun for £250. It was absolute bollocks.
    When will you realise that the sun and the news of the world delight in printing shit about newcastle. It was that lot that did the toongate scandal, it was that lot that allegedly had an exclusive with MA.
    Its all CRAP.
    and you want MA to sell do you? What so that someone else can come in and start all over again? New manager, new staff, new team. Imagine how much great press we would get if that happened!
    get real.

  • 21 Graeme // Feb 18, 2008 at 12:45 PM

    Martin, the press is completely irrelevant. They are just selling papers, they aint worth getting het up about.

    If MA wants to sell, so what? There is nothing we can do about it except hope that someone with even greater ambition and vision takes over – is that a bad thing? Would you not welcome playing in the Champions League every season? I would. Would you not relish watching the Ronaldo’s of this world playing in Black & White? I would. Bring it on.

  • 22 Graeme // Feb 18, 2008 at 12:53 PM

    Neil, Liverpool dont underperform when it comes to winning trophies, but the do when it comes to making money; thats why the septics bought the club.

    They have now downsized the new stadium by a fair margin, to save money as they have doubts about filling it!! DIC would remove those doubts as the fans there are as passionate as we are.

    NUFC have even more potential as with the right management and substantial investment in the 1st team, they know we can be in Europe every year, probably in the Champions Leage as well. Now what would that do to the bottom line of NUFC?? Far more than it will for Liverpool. Therefore a greater return on their investment.

  • 23 Punk Skunk // Feb 18, 2008 at 1:07 PM

    Shouldn’t we be worrying/thinking about football & our current predicament first?..After all what can be done about it if the owner of the club wants to sell?..
    …p.s…BOLLOX TO THE BLUES-PAPERS, they’re just trying to wind us up!..BOYCOTT THEM, PUT THEM OUT OF BUSINESS!..VOTE WITH YA’ POCKET!..

  • 24 GEORDIE69 // Feb 18, 2008 at 1:16 PM

    Shear Bollocks!!!!

  • 25 jim baker // Feb 18, 2008 at 1:58 PM

    absolutly sick of reading bad press about our club…its totally depressing

  • 26 Andreas // Feb 18, 2008 at 2:00 PM

    Graeme (and other in favour of a private equity/venture capital owner) – the problem is that companies like DIC don’t care a bit about the business object in the long run. The only thing that matters to them is the ROI and they normally have a horizon of 3-5 years then EXIT with a hefty profit (it’s the profit from the sales of the company that matters not the operating profit, ofc a operating profit is good since it will raise the value but it’s not essential). Moreover, PE/VC will put down loans on the business (i.e. NUFC in this case) so it doesn’t matter if they are worth 1 million times more than MA, we’ll end up with some hefty debt and that has to be cleared by the next buyer (which is not that likely).

    Sure, such a business model might gives us a good year or two before the EXIT but in the long run it’s better to be a private company.

  • 27 Punk Skunk // Feb 18, 2008 at 2:03 PM

    Very asstute Andreas!..

  • 28 alanp // Feb 20, 2008 at 4:01 AM

    I still have my newcastle shares from before it was purchased out by Ashley, never tendered the shares in, look better on my wall of hope. Would love to see club in public ownership.

  • 29 Nufc_mad // Feb 20, 2008 at 1:41 PM

    the press need shooting how dare they criticise our club




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