Shepherd Already Approached By Two Consortiums

Former Newcastle United chairman Freddy Shepherd has told Sky Sports News he has already been approached by two consortiums interested in taking over at St James’ Park.

Freddy Shepherd – asked to front deal by two consortiums

Mike Ashley’s decision and statement that says he has heard the Newcastle fans clearly, and is now ready to put the club up for sale to a suitable buyer, has already alerted a number of consortiums who are interested in buying the club.

Mike Ashley bought a 93 per cent share of the club for £134.4million in May of 2007, but his ownership since then has been troubled at best, and the main problem seems to have been Mike’s inability to communicate sufficiently well with Newcastle’s huge fan base.

Freddy Shepherd has claimed that two separate consortiums with big money, have already approached him, although he will not be lending his name to their possible bids.

Freddy told Sky Sports News:

“There are people who would buy that club, there is no doubt about that,”

“I’ve been approached by two consortiums to add my name to it. I didn’t fancy adding my name to the consortiums that were offered to me, but there are always people who would buy the club.”

When asked whether he would be tempted to front an offer, and maybe even return to the club he was Chairman for over 10 years Shepherd said:

“One thing I’ve learnt is never say never.” “I’d take a bet we haven’t heard the last of Kevin Keegan. I would definitely bring Kevin back, he’s the right man for the job.”

“It’s entirely up to Mike Ashley. When I worked with Kevin he used to identify the players and put a value on them and we used to try and get the money to buy the players.”|

“We didn’t try to get involved in judging the player – it was left to Kevin.”

Shepherd continued and talked about the structure with a Recruitment team Mike put in place last January:

“Nobody wants to see what’s happened but I think the way the club has been structured has not worked for Newcastle.”

“It’s a fantastic club, it’s got everything there, a great training ground, as everybody said it’s got great fans and the team must be wondering what’s going on – it’s certainly affecting them.”

“I think the position needs to be calmed, it needs to be stabilized. There is far too much emotion running around.”

Not surprisingly Mike Ashley’s criticism of the financial situation at Newcastle, which he inherited upon buying the club, did not sit well with Shepherd:

“To get back to what he paid for the club, he got us for the right price. He couldn’t even build half the stadium for what he paid for that club. He got a great deal,”

“As far as the money is concerned I think he should take the advice he gave to Sports Direct shareholders: ‘Don’t be cry babies’.”

“He seems to be whining now about the money, well if I was a Sports Direct shareholder I’d be whining about the money as well. He should take his own advice. The debt he had to pay was if you like, the mortgage on the ground.”

It could be that things may happen quickly as far as a consortium buying the club, because we have been told a deal is well under way right now.

But we’ll just have to wait and see if it is true, but news should be out fairly soon, if indeed what we’ve been told has any truth to it.

We hope so, because the club needs to be stabilized quickly, and if that can be done then this season may not yet be lost.
Comments welcome.

35 comments so far

  • Toon Graeme

    Sep 14, 2008 at 10:51 PM

    Comment #1

    I just saw this on SSN. How the drama that is NUFC continues……….

  • Nickies Butt 1000

    Sep 14, 2008 at 10:51 PM

    Comment #2

    Well we daint want Sheperd back do we lol

  • NotAGhostToon

    Sep 14, 2008 at 10:55 PM

    Comment #3

    Hopefully this time we are a bit less trusting and wait for proof that the owners have the clubs best interests at heart.

  • Ganiyu

    Sep 14, 2008 at 10:58 PM

    Comment #4

    Everything in life has a reason.i feel sorry 4 ashley.poor man he had long term plans dat fans dont give him a chance 🙂

  • iain

    Sep 14, 2008 at 11:04 PM

    Comment #5

    theres one thing i have always agreed on fat fred with that in part our huge debt was infact due to the ground redevelopment i am pretty sure even the papers pointing out our debt at times mentioned it.

    look at liverpool how much debt are they in and cant afford to build a new ground, look who much the emirates has cost arsenal.

    shepard just got more and more desperate towards the end and like ashley wouldnt trust managers with money.

    so thanks fred for signing us owen and duff and luque for 32m when the managers at the time actually wanted anelka, boa morte and lescott for 22m.

  • Ganiyu

    Sep 14, 2008 at 11:08 PM

    Comment #6

    Newcastles prob are very impossible ones from wat ashley said ABOUT FINANCIAL PROB.HE MADE A POINT SAYING HE WAS TRYING 2 TAKE DEBT IN 2 CONSIDERATION b4 talking about transfers.
    Secondly he made it clear that we cannot buy wat u cant afford.hell yes.its would take along time b4 Nufc would b stable both financially and on d pitch

  • Xsico golden boot

    Sep 14, 2008 at 11:09 PM

    Comment #7

    Iain good point also I know someone who goes to the liverpool games and there was big demonstrations in liverpool to get there owners out lets hope ours goes first it sounds good

  • Xsico golden boot

    Sep 14, 2008 at 11:14 PM

    Comment #8

    lol MA dont be a cry baby classic from ffs

  • Ganiyu

    Sep 14, 2008 at 11:20 PM

    Comment #9

    Newcastle can b described as sleeping giants

  • Irish John

    Sep 14, 2008 at 11:20 PM

    Comment #10

    Ed ,What do you know?

  • liam

    Sep 14, 2008 at 11:54 PM

    Comment #11

    According to the times newspaper a group of officials from newcastle are in dubai at the mo trying to sell the club to a consortium…is this the news you have heard ed?? the times dont tend to publish rubbish anyway.

  • little willie

    Sep 15, 2008 at 12:21 AM

    Comment #12

    One of them is Polygon, who were interested in buying us out when Shepherd and the Halls were in charge.

  • Ganiyu

    Sep 15, 2008 at 12:23 AM

    Comment #13

    I believe u.fat lies

  • Fans Should Own the Club

    Sep 15, 2008 at 12:27 AM

    Comment #14

    Am I the only one who thinks the last person we should be taking advice from is Fat Fred Shepherd?

  • Fans Should Own the Club

    Sep 15, 2008 at 12:28 AM

    Comment #15

    Sorry to post again, but I’m trying to get a sense here of the late-nighters…

    Open Question for all:

    Would pay ?100 to get a share of the club and get to vote on the board and the chairman?

    A simple “yes” or “no” will do…

  • tracey

    Sep 15, 2008 at 12:38 AM

    Comment #16

    Unfortunately the odds are that whoever takes over from Ashley will be a scumbag too, billionaires tend not to be nice people, be careful what you wish for.

  • tracey

    Sep 15, 2008 at 12:38 AM

    Comment #17

    Unfortunately the odds are that whoever takes over from Ashley will be a scumbag too, billionaires tend not to be nice people, be careful what you wish for.

  • tracey

    Sep 15, 2008 at 12:47 AM

    Comment #18

    Shepherd and Hall should be in jail the thieving *****.

    English fans are the most powerless fans in Europe, I don’t see why we can’t have a set-up more like Spain and Germany, they seem to be successful and fans have a real say there.

  • Fans Should Own the Club

    Sep 15, 2008 at 1:02 AM

    Comment #19

    Tracey–I agree that we can’t trust money-men to come and save the club. That’s why I think it should be fan ownership the way many great European teams do.

    Barcelona and Real Madrid are fan owned. Not too shabby…

  • clinta

    Sep 15, 2008 at 1:46 AM

    Comment #20

    Yeah and look at were we were financially under the Shepard and KK transfer systems of the past.

    IN extremely heavy debt, a stack of over paid for now unwanted footballers, old age players on heavy wages, and still owing on all this while sponsorship for a decade ahead had already been spent!

    This is something i feel KK counldn’t get his head around, a smart new system put in place, as he just didn’t understand the ins and outs of the clubs situation, he would of been told, he just didn’t get it!

    so bring back KK and the good times hey fans….!

  • Impact

    Sep 15, 2008 at 3:33 AM

    Comment #21

    hehe FFS coming back and because he’ll appoint back KK, everybody will love it. We’re doomed guy!!! We’re now 16 and Hull 4!!!

  • Beatski

    Sep 15, 2008 at 4:04 AM

    Comment #22

    lateness – also if fans owned the club, where would the transfer money come from???

  • Gavin

    Sep 15, 2008 at 4:18 AM

    Comment #23

    Keegan knows what it takes to turn nufc into a winning club. Some people think they know (MA) but in honest truth running a football club like a business doesn’t work.
    I’m not saying we should go back to the old days where money is thrown around excessively, but for people to say that Keegan couldn’t get his head around a smart new system is nonsense. It’s more that Keegan couldn’t get his head around that complete nonsense the nufc board wanted.
    The major power brokers on the nufc board may know business, BUT THEY DONT KNOW FOOTBALL. Keegan knows football, so why don’t people listen to what he has to say.
    This is a very unique club, and not many football people have any idea of what it takes to succeed here. The manager must be someone who knows what it takes to make us successful.

  • AusGeordie

    Sep 15, 2008 at 6:46 AM

    Comment #24

    OMG!!! We now have a cut and paste snip of two FFS interviews to make it look like his return could be good for the club and how he’d bring Keegan back???? Surely this isn’t your intention Ed(not speed!).

    He’s the **** who forced him out in the first place and dug Newcastle into such a deep hole that even Ashley couldn’t dig us out of straight away. We would never have seen Keegan again if it wasn’t for Ashley in the first place.

    I never took Ashley to be in this for a quick profit and these last days have proved it to me, I for one will give him respect and appreciate what he has done for this club.

    how could we every let FFS near the club finances again. I can not believe what I’m seeing happened to my club. Ashley is the most forward thinking Owner in the prem at the moment with a plan to sustain the future of the club.

    Lets not forget that with the webster ruling contracts effectivly now only last 3 yrs max. So some big players will walk and buy out contracts. Some clubs will be hit hard. And if you don’t make the top 4 you won’t get the $$$ to pay for your challenge :- Leeds

    Sure he’s made some mistakes, but give people the chance to learn from them (epsecially when such good was being done, and in a safe and viable option for our club).

    Do we really want to roll the dice again and hope that we get a really nice, kind & generous multi-billionaire consortium or faceless mega corporation who just so happens to care what the fans think(as the club is being run from Bombay or Abu Dabi – and we complained about London!).

    Or we could hope that ‘Freddy the Hutt’ has become a changed man, and won’t steal, lie, cheat, bribe, slag off the whole geordie nation and teat them in contempt. I’m sure 12 months in Spain has helped him see the errors of his ways in his tax exempt holiday haven!

  • Toon_Ksk

    Sep 15, 2008 at 6:49 AM

    Comment #25

    I have developed a phobia for the name Freddy Shepherd.

  • AusGeordie

    Sep 15, 2008 at 7:09 AM

    Comment #26

    ok i wrote that one before i saw that shearer has been sacked.. silly move although I can understand why you wouldn’t want to pay someone to be ambassador for the club if the are going to publically denounce you.

  • The Entertainers

    Sep 15, 2008 at 7:34 AM

    Comment #27

    No, No, No…….. i would rather Ashley stuck around ( i think)

  • geordiejayne

    Sep 15, 2008 at 8:31 AM

    Comment #28

    Freddy ain’t coming back.

    Well Ashley said he wanted to be like Arsenel. They owe a lot of money for their ground too.


    Sep 15, 2008 at 9:03 AM

    Comment #29

    if sheppard had someone else’s backing, he woould be a very good chairman

  • bettyswollocks

    Sep 15, 2008 at 9:17 AM

    Comment #30

    very good chairman. is in getting caught on camera slagging our record signing off which then gets broadcxast on you tube. Aye you’re bang on – he’s classy is shepherd

  • Ian

    Sep 15, 2008 at 9:28 AM

    Comment #31

    I have no complaints about Shepherd, he was what he was, like he said Ashley got Newcastle on the cheap, the debt was part of it, not seperate to it.

    Like Freddy says the sports direct people have it far worse they have paid between 3 and four times too much for their shares relative to the company’s worth, Ashley has got himself a premiership club on the cheap, if he hadnt then he wouldnt even be able to sell it for what he paid, let alone refusing £30m profit bids.

    It is simple, if you pay too much for something you will definately lose money when you sell it, that isnt even in the equation unless Ashley continues to wreck the club by keeping people like Wise and losing people that add value such as Keegan.

  • steve

    Sep 15, 2008 at 9:38 AM

    Comment #32

    Dear me – the last thing we want is that crook ffs back, this is all going to end in tears when some billionaire buys us loans us a ton of cash to buy players and saddles the club with so much debt we’ll end up in administration and 1st division.

    This could have all been avoided if Ashley had communicated these sort of statements a lot earlier, how can anyone disagree with that business plan – although I think the manager should have final say on players he clearly needs a large scouting network and unless we generate money as per Man U, Arse or Chelski via champs league we can’t compete for big name players.
    A new billionaire owner will only loan newcastle money (albeit at a low interest rate) no owner gives money away – John Hall, FFS did exactly that and walked away with a huge profit)

    this is bad news people

  • Nick

    Sep 15, 2008 at 9:42 AM

    Comment #33

    Very rich coming from Shepherd.

    Shepherd and his family are complete crooks who brought this club to it’s knees in debt with grosse mismanagament and decision making over managers (Souness, Allardyce), signings (Luque etc) and sackings (SBR.)

    Shepherd had Luque and Boumsong on 80k a week and paid 17m for Owen on over 100k a week !!!

    Shepherd was a xenophobic idiot who still managed to take 100M out of the club with dividends, salaries and sell out.

    If Shepherd was still here we would have had a 15 point deduction and most probably be in the championship now.

    How Shepherd can put his 2 cents in now beggars belief.

  • Ericles

    Sep 15, 2008 at 9:44 AM

    Comment #34

    Was outside St James on Saturday. Just want to say I agree – FANS SHOULD OWN THE CLUB! Is there any way we could achieve this? Ashley said £1000 each supposedly. I reckon £120 each from 300,000 Geordies. What a miracle eh?

  • Bill F

    Sep 15, 2008 at 3:03 PM

    Comment #35

    Ericles,£120 each adds up to just over £3m. Ashley says he would sell for around £300m which is £1K from 300,000 fans. I don’t know about you but I doubt if you would find enough to back that sort of idea. Furthermore how would it be organise. Then thre is all the aspects of running the club. Sorry but that is a non starter at this moment in time.
    I would seriously doubt if FF wants to come back, especially in view of all the flack Asley is getting.

    As they say in China and Discworld we are living in interesting times.


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