The Daily Mail is reporting today that Mike Ashley could sell the club by the end of the month, and certainly by the end of the year.
But the paper offers no further details, and fail to even identify which of the three consortiums it is, so we have to take this news with a large pinch of salt.
The Daily Mail reports that one particular buyer has reached the stage of due diligence, which usually means a price has been agreed for the Newcastle United club. But there is precious little detail in the Mail’s report, and while we hope the story is true, we’d be surprised if it is.
We would only believe the story if Keith Harris of Investment Bank, Seymour Pierce, comes out and says he has a buyer who has entered the due diligence phase.
Earlier in the week, Joe Kinnear had leaked the news that the situation will be made clearer after Newcastle plays Chelsea on November 22.
“’Everyone at the club is sitting down after the Chelsea match. If the club has not been sold, then obviously we will find out why. Is it being sold or are they not accepting any offers?”
“Then we’ll have to start thinking about strengthening the team and carrying on in a normal fashion.”
And Kinnear believes the club should make every effort to keep Michael Owen, as he continued:
“I think it’s better that this club has him and players like him because it’s a big club and he’s a big player,”
“I don’t know about negotiations. I’m not privy to what any of the players are earning or what their contracts are or who they’ve last spoken to.”
“But Kevin Keegan said that if he was to have any long-term future at the club, Owen had to be part of the bedrock of that.”
“It would cost a lot of money to replace Michael. I haven’t given it any thought because I would have thought I would be gone by January, but personally I would say: “Keep him here.”
Indeed November 22nd could even be Joe’s last day in the Newcastle job, if Newcastle announce they indeed have a buyer.
Then we’d have to see which manager the new owners will want to manage the club, and if they appoint a new one, it will be the 3rd one this season, and the 5th manager since May of last year.
And we all thought the club was unstable under Freddy Shepherd. 🙁