Keith Harris, Chairman of Seymour Pierce Bank, has today offered more information on the pending sale of the famous Newcastle United Football Club.
Keith Harris -seems fairly confident of Newcastle sale
Harris said today:
“We have two very serious contenders to buy it.” “This the serious interest stage, and if you don’t have serious interest you don’t have due diligence.” “In a world like this it is no longer people just having a look at the tires.”
“In January we have that month of buying and selling players so I would imagine if I were a prospective owner I would want to own it either in time to have an influence on what happens in January, or at a time when I can assess what has happened in January.”
“Mike’s position is straightforward, if he can sell it to the right buyer at the right price he will sell it.” “The crisis makes everything difficult, we are all affected by it. Any investment decision you take with a lot of analysis and then a big swallow and a big dose of optimism.”
“The contenders know what the ball-park figure is. It’s like putting your house up for sale for £200,000 knowing that you will accept £180,000. Has the £200,000 come down to £100,000? We haven’t experienced that.”
“It’s more a question of do I want or need to buy a new house.” “We have had Nigerians that
don’t exist and South Africans told by the media they were bidding..”
Let’s hope the new buyers will get due diligence completed and take over the club before the end of December, so we’ll have the new Owner, new Board and permanent manager in place, for the January transfer window.
That seems to be a reasonable aim right now. What do you think?
Comments very welcome.