The SaveNewcastle Site Off To Strong Start


A new web-site – Save Newcastle.com has been started only last week, and its goal is to have the Newcastle fans own the Newcastle United Football club.

The latest plans for the fans buying Newcastle is to get a total of 300,000 fans to put £1K into the investment fund.  That will give them £300M, which should be enough to buy out Ashley, once he stops being greedy in wanting £481M.

Peter Lee, a spokesman for the movement said yesterday:

“Newcastle Fans United are a team of consultants supported by top sports lawyer, Mel Goldberg. We seek to create a *Socio” owned club, similar to FC Barcelona. We urge all Newcastle fans and all supporters of football around the World to get behind the bid.”

“The fans’ group savenewcastle.com supports our bid. Register your interest with them. We urge Kevin Keegan, Alan Shearer and ALL fans to get behind the bid, NOW!”

Here is the Vision of the site, as put out on the web-site:

We propose a fan owned non profit company that would reinvest all profits earned back into the club. That means every pound you spend on the club will be reinvest back into the team. The club would be run by a board of directors elected by supporters who purchased shares in the non profit company. These directors would face regular rotation and reelection. An oversight committee of 50 elected members would also keep close eye on the direction and finances of the club. Only the position of chairman of the board would be a paid position.

Initially the non profit company would be split into 5 million shares. 3 million of those shares will be sold for £100 a piece to raise £300 million for the purchase of the club. This money will be temporarily held by a third party bank and will be used to buy the club from its current owners. If we are able to successfully purchase the club the remaining shares will be sold at an increased price over the next several years to raise funds for improvements to the club on and off the pitch.

This proposal will not only have the same short term benefits of being bought out by a “benevolent” billionaire, but would also create the long term stability Newcastle United has lacked for so long.

At the very least take a look at the site here, because there’s some very good and well thought out items on the site. The people in charge of this have put something together very quickly, and it’s very impressive.

If this effort can move quickly there is a good chance it can succeed, because if any supporters deserve to own their club, it’s the Geordies, that’s for sure.

We wanted to ensure all readers of our site knew about the effort and the good work being done by some of our fans, who are willing to take a leadership position in this terrible mess the club finds itself in.

We applaud them – and support them 100% in this.

Comments very welcome.



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81 comments so far

  • JMC

    Sep 18, 2008 at 10:30 AM

    Comment #1

    anyone have any ideas what the team will most likely be on saturday?

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  • ELFER

    Sep 18, 2008 at 10:33 AM

    Comment #2

    Good strong idea basically, but who will raise funds for players and stuff?

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  • Ben-Toon

    Sep 18, 2008 at 10:39 AM

    Comment #3

    Elfer

    I agree, who will pay the players wages and will every fan send in there wish-list when the transfer window opens again.

    I like the idea but im not sold yet

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  • Harry Worth

    Sep 18, 2008 at 10:39 AM

    Comment #4

    This save Newcastle thing has got NO chance. It is being widely ridiculed on just about every NUFC forum.
    300,000 people putting £1,000 in indeed. Ridiculous.

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  • Simon

    Sep 18, 2008 at 10:41 AM

    Comment #5

    “We applaud them – and support them 100% in this.”

    Enough to put £1,000 in… thought not! 😀

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  • Ben-Toon

    Sep 18, 2008 at 10:41 AM

    Comment #6

    Guys

    Does anyone know whats happend to Kader, there was thought he went out on loan to Norwich but I cannot see him in there squad, I know he also had an injury but he is no where to be seen on the treatment room list.

    While Jose is injured I would play Bassong there but I would give the lad a shot a left back if he is fit to free up Zog to play in midfield.

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  • Carl

    Sep 18, 2008 at 10:45 AM

    Comment #7

    Has anyone got any idea what Ashley is selling? Is he just selling the club or is he selling the club and the “estate”…. when he completed his purchase he had Mort advertising vacancies to hire property consultants/professionals to manage the various assets that came with NUFC as they were littered far and wide… Of course you dont hear him mention those, just the debt he didn’t know about… Assuming he is not an idiot he would have known about the debt and the hidden assets, he tells us he has addressed the debt; I suspect he has looked closely at the assets outside of SJP too. Just a thought buyer(s) beware.

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  • dave

    Sep 18, 2008 at 10:51 AM

    Comment #8

    peter lee is a fraud and a stupid arsehole he has already embarresed himself on local radio already.

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  • ToonKing

    Sep 18, 2008 at 10:52 AM

    Comment #9

    still say it’s a stupid idea, you can’t keep this many people happy and there will be constatan little niggles and debates and it will eventually collapse.

    it’s a daft idea.

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  • Tom

    Sep 18, 2008 at 10:54 AM

    Comment #10

    The idea is foolish, it will not get off the ground as we could not afford to run the club, if we could even afford to buy it!

    My team for the WH game would be:

    Given
    Geremi, Coloccini, taylor, Bassong
    Nacho, Butt, N’Zogbia
    Owen, Xisco, Martins

    Admittedly it leaves the bench short (but thats where its been for the last few games!) but what we also need to do is grab Butt by the scruff of his shirt and tell him that, on no account, is her to go past the half way line! Let Shay, Geremi, Coloccini, Taylor, Bassong and Nicky defend, and let Nacho, N’Zogbia, Owen, Martins and Xisco do the running up front!!

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  • NotAGhostToon

    Sep 18, 2008 at 10:54 AM

    Comment #11

    A risky but potentially brilliant idea, however unless everyone’s committed it cant work and most seem to be fence sitting, there should be a poll who would be willing, cos i would if everyone would!

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  • Whumpie

    Sep 18, 2008 at 11:04 AM

    Comment #12

    I could work in the same way it works in Spain. BUT you need top people in there very quickly, to replace the well-meaning but usually naive people who set it up.

    You also have to be VERY wary of fraud – this is an area where it would be too easy to extract millions from people based on their passion rather than checking they are buying a water-tight legal framework.

    One specific concern is about only the chairman being paid. Surely this is an honorary position, while you need to pay handsomely (7 figures) for a decent MD and his management structure? I’m probably misinterpreting it, and as long as it follows the Barca model it should work.

    The key is for a few very rich individuals to chip in with £10m+ share purchases within the scheme, to lower the number of people needed to find money. Finding 300,000 people – even in the North East – with a grand to spend isn’t realistic.

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  • NotAGhostToon

    Sep 18, 2008 at 11:07 AM

    Comment #13

    Also, i think if this kicks off enough, non-fans would chip in for purely financial reasons.

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  • Nick

    Sep 18, 2008 at 11:13 AM

    Comment #14

    I’m intrigued as to how the BARCELONA model works, as it does seem to, very successfully.

    I don’t think it should be dismissed out of hand.
    If other clubs have done it, it’s surely achievable, but the people attempting to set it up really nneed to go and see how the Barca thing works.

    If it could be done, then fantastic.

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  • Beatski

    Sep 18, 2008 at 11:14 AM

    Comment #15

    what financial reasons ghost toon?

    they say every penny earned goes back into the club

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  • GoesseN

    Sep 18, 2008 at 11:15 AM

    Comment #16

    thats ‘fan’tastic…

    but how after the £300m takeover… would you pay the players wages for a year… adding up to around£50m i would think… if not more… aswel as other things such as food/drink and wages of staff at the ground… people wont work for free.

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  • Oliver

    Sep 18, 2008 at 11:17 AM

    Comment #17

    If this is to take any kind of form, the idea needs a face they can trust. A spokesperson.

    I am not thinking about a famous person but somebody people would feel sure would not take the money and run. Someone with the orginisational skills to match the huge task? Isn’t former PM Blair a fan and out of a job?

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  • irish_al

    Sep 18, 2008 at 11:18 AM

    Comment #18

    goessen as with any other club

    they would be paid against loans (operating debt)

    loans against the value of the business

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  • Hugh Jorgan

    Sep 18, 2008 at 11:19 AM

    Comment #19

    Absolute twaddle !
    Can you imagine the mess things will be when insufficient funds fail to come in ?
    Especially when those who do contribute, seeing the plan has failed, ask for their money back .

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  • irish_al

    Sep 18, 2008 at 11:20 AM

    Comment #20

    if everyone didn’t have an equal vote in terms of presidential elections or so then you might aswell boycott ashley to have the club floated again

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  • irish_al

    Sep 18, 2008 at 11:21 AM

    Comment #21

    people would have to input money without expecting a return

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  • Marty

    Sep 18, 2008 at 11:21 AM

    Comment #22

    ASHTON OUT FOR HAMMERS GAME;
    SKY SPORTS This might help at least

    FAGAN considering legal action against
    DANNY GUTHRIE More good news
    SKY SPORTS

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  • bowburnmag

    Sep 18, 2008 at 11:24 AM

    Comment #23

    There are far too many pitfalls, that to turn it around so quickly is both foolhardly and unrealistic on the expectations of a very passionate group of people. I’m not knocking the sentiment nor the endeavour but the money being asked needs to be realistic, the number of fans involved needs to be realistic and as Whumpie states, it needs to be water-tight regards abuse of the process and staying within regulations. Also, the structure and hierarchy needs to be scrutinsed. The whole plan and ethos basically needs a good sanding down and varnishing. Long term rather than short term objectives and timelines given the credit crunch (puke) etc but probably as good a time and reason to set something in motion.

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  • HeronMag

    Sep 18, 2008 at 11:24 AM

    Comment #24

    Tony Blair for Chairman…

    Will the toon invade Iraq?

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  • JJ

    Sep 18, 2008 at 11:25 AM

    Comment #25

    Fagan seems like a right baby to me…
    Guthrie has apologised countless times and he hardly has a track record for being a thug.
    His side are better off without him anyway – Fagan is absolutely usesless.

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  • irish_al

    Sep 18, 2008 at 11:26 AM

    Comment #26

    Tony Blair for Chairman…

    Will the toon invade Iraq?

    Only in merchendising rights, lol

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  • Legs

    Sep 18, 2008 at 11:28 AM

    Comment #27

    i remembering reading the prices of season tickets with this particular barcelona model are considerably cheaper.

    I bet if we owned the club we’d still get taken for mugs with ticket prices.

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  • JJ

    Sep 18, 2008 at 11:28 AM

    Comment #28

    Nearly half a million fans to put in 1k each….

    Hahahahahahahahahahahahahahahahahahaha.

    Are these guys stupid? Newcastle doesnt even have 15 000 fans on facebook which is free to jion. Where are they going to get 300 000 people to fork out 1k, in the hope Ashley lowers his price.

    WILL NEVER WORK…

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  • bowburnmag

    Sep 18, 2008 at 11:32 AM

    Comment #29

    GoesseN- Income generated from sponsorship, TV, Premiership, Europe (ahem..), ticket revenue, marketing revenue go towards costs. It’s not an impossible mission in theory. Where we’d be left wanting is the fact that we wouldn’t have big bucks to invest in players initially which is a gripe for some fans. I believe we’d look for investors though. Until then we’d run the risk of being left behind potentially. Although, there’d be more satisfaction from the fact the club is owned by us. We really would stand and fall by our decisions. However, if we need advice on how to work self-sufficiently and have self-funding for transfers then all we need to do is ask Mike before we hand over the money. He had some great ideas on that, although we wouldn’t have the £20m spare to outlay on transfers for the first year like Big Mike (ah hang on a minute……)

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  • ronjohno

    Sep 18, 2008 at 11:32 AM

    Comment #30

    How on earth would this work.
    Supporters are the worst for picking different teams which is why the conversation in pubs and at the match is so great because everyone has different ideas.
    For instance someone has mentioned Geremi in the team for Saturday whilst I would not waste a shirt on him.
    Everyone has their favourite players and it is not always the same as even your mates sometimes.

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  • Claire

    Sep 18, 2008 at 11:35 AM

    Comment #31

    I emailed to add my name to at least attend any first meeting that might take place to give them a chance and hear what initial plan is in place. I do however feel that if the ‘fans’ want this to work then the reality is the project will require a major consortium of big profile investors taking for example a 51% shareholding leaving 49% for ‘fans’. If the consortium was north eastbased plus local fans purchasing shares then the idea could stand a chance. I feel it is naive to look for 100% ownership by fans because that leaves no possible future investment into the club. I will however thank you for attempting to help rather than some who just look to heep insults but in turn do nothing.

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  • MAG PIE

    Sep 18, 2008 at 11:35 AM

    Comment #32

    It’s a good ownership model.
    Some appear to mis-understand.
    The elected staff would buy, sell, select team – this would not be done by mass membership vote.
    The only problem is (and it’s a big one) – where do you find 300,000 people to invest £1,000 each. I know I can’t afford to.

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  • MAG PIE

    Sep 18, 2008 at 11:39 AM

    Comment #33

    £300m buys the club.
    Income – TV rights, Gate receipts, Prize money pays for wages, overheads and a little left over for transfers.
    Sponsorship may be used to buy specific players or pay towards that.
    It could work.

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  • bri

    Sep 18, 2008 at 11:39 AM

    Comment #34

    just drop this idea now its a non starter we need a multi billionair who wants to pump money into the playing squad this is just a romantic notion that is doomed to fail ,even if the fans could buy the club we would drop down the leagues like a stone.

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  • Toon Graeme

    Sep 18, 2008 at 11:55 AM

    Comment #35

    Im concerned about this idea and I dont have the disposable cash available to me to do so.

    I think alot of fans will be in the same position.

    For me – no thanks.

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  • Karltoon

    Sep 18, 2008 at 11:55 AM

    Comment #36

    I dont trust people from Peterlee.. (Taxi…!)

    My team for West Ham : –

    ———-Given————
    Bassong-Taylor-Coloccini-Nzogbia
    Butt
    Nacho Owen Duff
    Xisco Martins

    Switch Nacho and Duff, and replace duff for geremi if Duff’s still crocked.. And if Martins is still crocked.. Im afraid we might see shola again..

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  • HATE PRAWN SANDWICHES

    Sep 18, 2008 at 11:56 AM

    Comment #37

    apart from it looking and being a non starter!!
    a Mr Peter Lee, the spokesman for this group, certainly didn’t have a clue and just mumbled and got his tongue tide!! he didn’t show any confidence! scary!! herd rumour that Ashley is employing him as our new chairman!! lol

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  • keltik

    Sep 18, 2008 at 11:56 AM

    Comment #38

    Ed, i think that you cannot see the forest for the trees on this issue.

    Fans owning a club is not fesable in the current climate of multi-billionaire owners.

    Say we, the fans, sucessfully buy out Ashley, are we all going to donate £1,000 every transfer window to bankroll buying players?

    how the hell can fans compete with multi-billionaires?

    im afriad this will never work, in a utopian world maybe but if we bought the club in the real world we would never have the financial clout we need.

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  • Hugh Jorgan

    Sep 18, 2008 at 11:58 AM

    Comment #39

    OLIVER (14)

    Tony Blair ?
    The idea needs a face they can trust.
    Don´t make me laugh !

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  • irish_al

    Sep 18, 2008 at 12:00 PM

    Comment #40

    I wish this idea was a starter but i feel it is unachievable

    It is more plausable with a team that’s main revenue comes from ticket sales (lower or non league teams) than one whose main revenue is tv rights, especially one whose value is inflated by debt(s)

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