Keith Harris, the former Football League chairman, who is chairman of Seymour Pierce Investment Bank, who are handling the sale of Newcastle United, is still optimistic he can still find a suitable buyer.
Keith Harris – credit crunch over by early November – don’t think so
However, the credit crunch that has become global very quickly, cannot be helping the situation at all.
Harris is aware the current unpredictability with world markets is a major concern:
“You can’t avoid being affected by the financial markets one way or another,” “We didn’t set an official deadline. But one thing I did read from the transcript from the BBC show last weekend was that the anticipated end to this was early in November and I don’t demure from that.”
“What happens between now and then is as unpredictable as what the stock market is going to do. I’m still hoping that we are going to get decent offers.”” “There was never a ‘you-must-get-your-bids-in-by’ (date) because that’s not the way you do these things.”
“What we said is that we had sent the teaser documents out. We have had a good initial response in terms of supplemental questions. We are now in the process of answering those questions.”
“We’re doing that here and getting back to people and obviously we are encouraged we’ve had those questions because if people aren’t interested they don’t bother asking questions.” “Don’t forget that 17 is a lucky number for Mike. Think of the Newcastle shirt he used to wear.”
Well the last shirt Mike wore had King Kev on the back, which is a little ironic now.
We’re not sure the crunch will be over any time soon, and it may be that the sale will be delayed because of that, but we hope it will not, because the quicker the deal is done the better for the club, the players and the fans.
But we have to assume what Keith is saying about no deadlines and the like is the truth, because he’s the man actually handling the sale by Seymour Piece Bank.
The season is passing us by, and that’s the last we want, after the last two seasons of less than mediocrity we’ve just had. It’s going to make it even more important now that Joe Kinnear does well, and he gets the full and complete support of the fans – for the good of the club.