Harris – Seven Parties Still In Mix For Newcastle

The Seymour Pierce Chairman, Keith Harris, who has been appointed by Mike Ashley to sell the Newcastle United club, has given out some additional information today on the sale and the potential buyers.

Keith Harris – 7 interested parties still

Keith said today:

“I think it’s certainly likely that the next owner of Newcastle United will come away from these shores. Whether it is from the Middle East is another matter, but I think it is a reasonable assumption to say the new owner will not be a Brit.”

“We have had now for seven or eight days seven seriously interested parties and within that group we have taken the chance now to start honing down the list.” “So far nobody has dropped out and we have been asking people to begin to sharpen their pencils. They are not from these shores.”

“There is a strong international element to them and that is not surprising as clearly wealth has been generated away from these shores more than it has been here.”

“The Premiership is a major entertainment and TV content provider throughout the world, increasingly in the United States, and is very well established in South East Asia, China, in India and certainly in the Middle East.”

“And I don’t think you would be surprised if the nationality of the new owner were to come from any of those parts of the world.”

Ashley of course announced his desire to sell the club on 14th September, so it’s now been 31 days thew club has been up for sale, and Keith Harris seems confident a deal will be completed by early December, with one of the seven serious bidders.

Harris was asked about the Nigerian and South African interest, but he says they are not considered serious bidders, as he added:

“I have read about it just like a lot of other people have and I think we have to distinguish between interest and serious interest.”

“We have certainly had people talk to us from those parts of the world but we haven’t deemed them to be serious interest because the one or two very simple criteria we have asked people to come up with haven’t been established.”

Harris also revealed none of the seven parties had indicated they would want Keegan to return as manager if they were to buy the club.

Harris continued:

“Nobody has said to us it is a condition for us to go forward and frankly Joe Kinnear has done a pretty good job in a short period of time.”

“Whoever the new owner will be, it will be their choice of the management team, of running the business off the field and running the business on the field.”

“There is a wealth of management talent available but no-one has said it is a pre-condition that it is this manager, that manager or any other manager.”

Asked what were the chances of Keegan making a return to Newcastle, Harris said:

“It is impossible to predict that.”

“We haven’t even had discussions with the parties that have expressed an interest in buying the business as to who the new manager will be so I can’t predict.”

This is a good update from Keith, and we know it’s got to be close to the truth coming from him, and it does look like Newcastle are in some demand, so those who love to pummel our club, please take note.

It would be great if Keith can keep giving the fans these periodic updates, which are very valuable, so we are no longer misled by made-up stories in the media.

And given all the circumstances, it’s not beyond the realm of possibility that Joe Kinnear could be installed as manager for the rest of the season if he starts to get the results.

In any case that will be another driving force for Joe, as he attempts valiantly to get results at the club, and that cannot be a bad thing.

He’s a very hard working manager, and he’ll surely get the full support of our fans, as long as he’s at the club doing the very best he can, bless his heart.

Comments very welcome.

28 comments so far

  • Ally

    Oct 15, 2008 at 4:04 PM

    Comment #1

    lets hope they are all filthy rich im talking tens of billions!

  • Onepeterb

    Oct 15, 2008 at 4:14 PM

    Comment #2

    Let’s hope they have the same ambitions and aspirations as we have. I would prefer to see the club built up rather than me mercenaries parachuted in.

  • Doocey

    Oct 15, 2008 at 4:18 PM

    Comment #3

    Interesting. I want Keegan back and I’m hoping that we get a good owener that will give the new manager time and money =)
    Some dream eh…..

  • graeme

    Oct 15, 2008 at 4:22 PM

    Comment #4

    As long as they have enough to keep the club on an even keel and to bring in players where needed when the new manager decides who he wants.

    To be honest, I cant see why Keith Harris would have the slightest interest in who the next manager will be; surely, thats a matter for the new owners.

    Personally, I hope its someone who has experience of running a football club, from top to bottom. Someone who has had no previous connection with the club, who brings no huge baggage along with him.

    Its time the club moved on and started with a completely clean sheet.

  • Ally

    Oct 15, 2008 at 4:27 PM

    Comment #5

    surely though lads to compete we need financial muscle, and not just a little bit, we need loads, i just hope the new owners are professional and dignified

  • Ageordiedoonsooth

    Oct 15, 2008 at 4:28 PM

    Comment #6

    I wouldn’t hold my breath until we get new owners. Seems all hairy fairy to me

  • Mongo

    Oct 15, 2008 at 4:36 PM

    Comment #7

    Lets just get behind the team, give them our full support and not worry about who is buying us and how much money we will have to spend! I have a lot of respect for Kinnear, takes no shite from the media and the players obviously like him. Leave him as manager til the end of the season and then who knows….

    Have to say this has been dragging on for over a month now and i’m tired of all of the speculation. We need some positivity – and what better way to start than 3pts at home to City!

  • irish_al

    Oct 15, 2008 at 4:41 PM

    Comment #8

    Ally, having an investor with loads of money has it’s drawbacks also, not many owners are looking to subsadise football clubs, they are usually looking to increase there revenue through commercial aspects, increased fanbase overseas and such, often with success there will be a larger corperate element within the ground and ticket prices will increase drastically

    Also you don’t need loads of money in the bank to compete, its more a case of how much your willing to spend, being it money from your own account or future revenue or so, the reason we are/were in so much debt at the moment

  • Ally

    Oct 15, 2008 at 4:45 PM

    Comment #9

    aye good call irish_al, the main area that i and i would say the majority of the fans want to see money spent is obviously in the transfer market.

    and i also agree with your view on how much we will be willing to spend aswell, its no point having a rich owner if he qont put his hand in is pocket but lets not go there lol

  • irish_al

    Oct 15, 2008 at 4:48 PM

    Comment #10

    good point Mongo

    The best impact the fans can having is by showing support at St James’s on monday evening

  • Ally

    Oct 15, 2008 at 4:50 PM

    Comment #11

    totally agree, the best we can do is show our support to JFK and the lads and try and get three points

  • Micky Toon

    Oct 15, 2008 at 4:56 PM

    Comment #12

    Arab Mafia out!!
    Indian Mafia out!!
    USA Mafia out!!
    African Mafia out!!
    Chinese Mafia out!!

    Just thought I’d get a head start on everyone else. As you can see I’ve covered most plausible scenarios.

  • Punk Skunk

    Oct 15, 2008 at 5:01 PM

    Comment #13

    You forgot the russians Micky!.. 😀

  • lesh

    Oct 15, 2008 at 5:03 PM

    Comment #14

    Update, it’s six interested now, I’ve withdrawn mine!

    However, maybe the reason KK’s playing hard ball over the £9m is in Harris’s revelation that none of the seven parties had indicated they would want Keegan to return as manager if they were to buy the club?

    Honestly I’m beginning to believe that may be no bad thing.

    But it’d be a real shame to lose KK’s apparent enthusiasm for NUFC. Still say he could have a role to play.. but not on the playing side of things. Would he though…. mmmm?

    Hang on, I’m seeing images of toys out of the pram already

  • lesh

    Oct 15, 2008 at 5:03 PM

    Comment #15

    Re Micky Toon // Oct 15, 2008 at 16:56
    Every Burger out!!

  • irish_al

    Oct 15, 2008 at 5:09 PM

    Comment #16

    Glad to agree Ally

    In my opinion it is not about having a rich owner it is about making the right decisions and getting value for our money, something that will still take years to correct unfortunately

    there are some owners that are happy to spend money without return, Steve Gibson springs to mind, but neither is he throwing money away by the bucket load

    not sure about the chelsea situation, whether it was a plaything or whether they are trying to build up the brand, maybe a bit of both, but they are definately not currently a self sustainable business

  • BILLY - B

    Oct 15, 2008 at 5:22 PM

    Comment #17

    I dont think Kevin will come back into pro football after another bad experiance i think he has probably had enough

  • DanToon

    Oct 15, 2008 at 5:40 PM

    Comment #18

    Loads of money = A great squad and prob making the stadium bigger, between 60,000 n’ 70,000 geordies screamin’ the toon on in the Champions League… Sounds good to me!


    Oct 15, 2008 at 5:47 PM

    Comment #19

    ED-I think Anil Ambani could be in the mix,but there could be a suprise in this saga.The Russians haven’t been linked with the Toon, but Vahid Alakbarov has been looking to buy into the Premiership for a wee while now.He has serious coin and could certainly rival Abramovich.It’s gonna be an interesting two or three weeks as speculation mounts.Whoever buys the club lets hope it’s for all the right reasons.Howay the Lads!!.

  • chuck

    Oct 15, 2008 at 6:26 PM

    Comment #20

    Yep !the future of the club is in the balance.
    Who will the new owner (owners) be ?
    Its obvious if theres a bidding war whoever wins will have plenty dosh.
    But as a fan I would prefer someone with a passion for the club and for football.
    An Abramovich if you will (he attends most games and is obviously a nail biting fan)
    The likelyhood is a mideast or US group who see a financial opportunity and will exploit the commercial side (read Glazers or the Liverpool guys)
    Either way if they strengthen the team ,bring in a decent young manager and establish some stability, hey, not a lot to ask for.
    Lets not kidd ourselves it gets more difficult to break the top four each year, as more and more money (read Man. C.) pours into the league.
    In which case a little patience on the part of the fans would be a good thing.
    But I do advocate a clear out of the jobs for the boys crowd and give any new manager both the
    time and support needed to build a competetive squad .
    Finally the only sounds from the terraces should be cheers.

  • I want Steve Bruce in, Along with Amir Zaki, Valencia and Palacios(GG7)

    Oct 15, 2008 at 6:44 PM

    Comment #21

    right i was wandering if the indian toon fans could tell us, wether or not anil ambani is due to take us over, i hav heard it twice this week from two different people who have no intrest in newcastle united what so ever

  • Graham

    Oct 15, 2008 at 7:58 PM

    Comment #22

    Lets hope the seven interested parties aren’t….

    Sleepy, Grumpy, Sneezy……..

    We’ve already got dopey for gods sake… (or at least bashful in the transfer market)

  • Will

    Oct 15, 2008 at 9:36 PM

    Comment #23

    lmao graham

  • Marat18

    Oct 15, 2008 at 10:48 PM

    Comment #24

    Nice to hear some more or less reliable news.
    so, new owner is supposed to be a well-packed money bag somewhere from the East?
    Well then, that’s my time for January:

    Jonas——Arshavin—-McGeady (Turan)

    Just kidding, 🙂

    Seriously, hope the whole issue will be resolved soon. As I cannot wait much longer.

    And just a feeling – I think the new owner will be either arabian or Ambani (spelling).
    Don’t know why 🙂

  • Ericles

    Oct 16, 2008 at 9:14 AM

    Comment #25

    The comments by Ally and Mongo are a breath of fresh air. Sums up what the fans should be doing and thinking at this time. Howay the lads.

  • AndyT

    Oct 16, 2008 at 11:37 AM

    Comment #26


    Abromvitch may be a nail biting fan, but he lost one of the best managers in the world because of – wait for it…….. interference over who was in the squad and imposing players he did not want on him – sound familiar.

    If we get another set of Glaziers or Gillette/Hicks, then I will cry my heart out – neither of them bought into a club with the purpose of developing it, they bought into an established top brand and looked to generate profit from it. Man U NEED Champions League football to survive financially and Liverpool are trapped in a crumbling stadium that it hasn’t been possible to extend for a decade because their owners can’t stand each other, but are happy to hamstring the club for as long as it takes to make a massive personal profit on the sale.
    If you look at some of the big spenders – Spurs and Man City, Spurs are bottom of the table and City languishing in the lower half of mid table. City its probably too soon to tell, but Spurs are supposed to be kicking on from finishing 5th a couple of seasons ago, but failed to make top half last season and are unlikely to do much better this season. The message from the sales of Berbatov and Keane is clear as well – Spurs are no longer competing for entry to the top 4 anytime soon.
    Arsenal have a steady ship in the board room and back their manager’s judgement, but they need him to keep making profit in the transfer market to keep afloat, inspite of the fact that they have one of the biggest stadiums and at nearly £1000 for the cheapest season ticket, the most expensive ones.

    Basically dont get your hopes up of things being drastically improved under new ownership. There wil just be a different set of problems.

  • B&W in singapore

    Oct 16, 2008 at 1:33 PM

    Comment #27

    Dear Keith

    please pull a buyer out of emu’s arse

  • chuck

    Oct 16, 2008 at 4:04 PM

    Comment #28

    Andy T
    I fully concur with everything you said.


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