The BBC is reporting that Newcastle United have told any potential investors to contact the club about their intentions by this Tuesday, October 7th.
Mike Ashley – all serious bidders notify club by this Tuesday
But it could also be that consortiums from Nigeria and South Africa have not lodged any bids, despite the many reports of the last week ot two.
Apparently businessmen from America, and the Far and Middle East make up a group of seven different potential buyers. So we would expect that translates to possible Middle East and China bids, and one from America – at least so far.
BBC Sport says the takeover could happen by the middle of November if serious buyers bid by 7th October, and that coincides with Joe Kinner’s tenure he mentioned when he was appointed as interim manager a week ago. Mike Ashley now is said to be asking between £250M to £300M for the club.
BBC Sport’s Garry Richardson talked about this on Radio 5 Live’s Sportsweek program:
“It’s hoped that Tuesday will be a significant day in the sale of the club.”“Interested parties who wish to buy Newcastle have been asked to make their intention clear by Tuesday as to whether they intend to make a serious bid for the club.”
“If there are serious buyers who emerge by Tuesday, the sale could then be completed by the middle of November.”
A four-page document with basic facts and financials relating to the club has been distributed to potential buyers, and they have been asked so sign a confidentiality agreement, relating to the information.
It has been widely reported that both a South African and Nigerian consortium have bid for the club, but Richardson added:
“I have been told that there is no interest from Nigeria or South Africa”.
So it may well be that we haven’t yet heard from the new buyers of the club.
Oh well, maybe we’ll get more real news after Tuesday.