It seems like the Nigerian Consortium, fronted by Chris Nathaniel are moving ahead, in case their bid is accepted by Newcastle United.
They seem in the process of putting together a long term strategy for the club, and have told Chris Nathaniel to start looking for a permanent manager for the club.
Nathaniel told PA Sport:
“We have put a bid in on Friday evening,” “We are now looking at things around improving the football club in anticipation of hearing back from Newcastle positively.”
“Therefore, the consortium have asked to look at areas of how we can improve the club while Newcastle are considering the bid.”
Of course Joe Kinnear was appointed interim manager only on Friday, and Nathaniel’s priority is now to find an experienced permanent manager. Kevin Keegan’s popular support among the majority of Newcastle supporters is already acknowledged by the Nigerians, and we find it hard to believe they haven’t already decided on a manager.
London City sources are still a little bit skeptical about the Nigerian consortium, since Nigeria doesn’t have a particularly good name in business dealings.
The group is also to remain anonymous until a bid is accepted, but surely they wouldn’t go this far, and then it be a false bid, why would they do that? Also, of course Mike Ashley will need to check out who the buyers are, and what their financial situation is, before he can accept the bid.
Nathaniel insists they are serious bidders, with a long-term strategy for the Newcastle club already in the planning stage. Nathaniel said:
“As far as I know we are the only official bid to have been put in,” “I’m sure they will wait for other bids and make a decision on which one to accept.”
“One thing is for sure, we will not get involved in a bidding war. We’ve earmarked money for transfers, money to buy the club and money to deal with the various deep-rooted issues behind the club like the academy.”
“A budget has been put in place and my instructions are that they do not want to go over that budget.”
We think that bids are due into the Newcastle club this week, and are being handled by Keith Harris, the chairman of Seymour Pierce investment bank, who are handling the sale.
They have an excellent track record in this, and have been involved with the successful sales of quite a few Premier League clubs these last 5 years.
Once the bids are in this week, our understanding is that Harris will then recommend one bid to Mike Ashley, with accompanying reasons for their recommendation.