The Daily Mirror is reporting this morning that Mike Ashley is making progress in selling Newcastle United – with seven serious offers on the table for the famous Tyneside club.
Keith Harris – handling sale for Mike Ashley
The Mirror is also reporting that three consortiums are in the mix, with enough money not only to buy the club, but also invest in the transfer market in January, once they install a new manager.
Investors from the Middle East, including Kuwait tycoon Nasser Kharafi, the 48th richest man in the world, China and the United States are said to be bidding for the club.
The process at the moment is that all bidders have been given a basic description of the club and its finances, and Newcastle are currently answering any financial queries the seven bidders have, before any deal is struck.
We understand that when the offers are in, then Keith Harris, who is handling the sale for Ashley will recommend a single buyer. This is at least consistent with our earlier report this morning, that Keith was quietly optimistic of finding a good buyer for the club.
If this is true, then it looks like we’re in pretty good shape, and of course the goal would be to get new management and ownership in before January, so we can then set about getting more players into our squad.
If that can happen we’ll be happy, especially if Joe Kinnear can turn the team around, and get some good results for us in the interim.