Chris Mort, the former chairman of Newcastle United was expected in Newcastle late last night, in a fast moving development that suggests some major moves are being made in the sale of Newcastle United.
Chris has worked lots of deals for Mike Ashley and he was the lead executive in buying Newcastle United last summer for Mike Ashley. Chris turned out to be a good Chairman, and though a lot about the fans as customers. And his last announcement before leaving put a good few things in place, like the singing corner, and cheap season tickets for the youngsters.
But when he left the club blew up under his successor Derek Llambias.
Let’s just say that Derek had neither the talent nor the temperament of Chris, who is certainly a top young businessman. The latest news being reported is that there are two or three legitimate bids into Seymour Pierce bank, that meet Mike Ashley’s price, and we expect one of them is by the Nigerian Consortium.
This report is coming from the Independent, which has been quite credible in the past.
As well as the Nigerian bid, the rumors are that credible groups from America and China have also lodged bids with Seymour Pierce, so there may be as many as three bids received so far.
Mort gained considerable credibility on Tyneside, in learning quickly how to run a football club, and we are almost certain that if he had still been here this mess we are now in, would never have happened. And of course Chris ran a strategic review of the club last summer, and found many of the debts they had not known about when they lodged their bid rather quickly.
So if you read the tea leaves, it seems that a sale is being lined up, and Chris will help in explaining the financial condition of the club to potential buyers.
But exactly who the other two bidders are, we have absolutely no idea.
Xu Rongmao – Chairman of the Shimao Group
We may assume the Chinese interest could be property billionaire Xu Rongmao, who is reported to have plans to expand St James’ Park and redevelop the surrounding area. He is Chairman of the Shimao Group, and they were interested in mid-September.
The only American interest was reported to be from former Microsoft Chairman and founder Bill Gates, but if that’s true we’ll eat our hats.
It’s now looking like we could have a bid accepted soon, and probably before the end of the week.