People Trying To Buy Newcastle United Are First Rate

Keith Harris, Chairman of Seymour Pierce investment bank and a former Football League Chairman, said yesterday he doesn’t know how to predict when a deal for Newcastle United may be completed, but says the people trying to buy the club are first rate.

Keith Harris – people trying to buy Newcastle United are first rate

Harris was speaking after a private address to football financiers in Zurich, and says the current economic downturn has made it much harder to find investors willing to risk moving into owning some of the top football clubs in the Premier league.

Harris said:

“It has never been more difficult to find buyers,”

“It’s no longer a question of price negotiation – it’s should we? People are wondering if now is the time to spend.”

Harris is trying to sell both Newcastle United and Everton, and while he seems to have two good US buyers for the Tyneside club, there has been little interest shown in terms of finding a buyer for the Goodison Park club.

Harris talked about the Everton sale and said:

“There is no progress at all.”

As far as the Newcastle United sale is concerned, Harris re-iterated there were still two offers on the table for Newcastle United, but he refused to name the buyers, who we believe are both from the US.

Keith said:

“The work is progressing. They are wealthy investment funds, not from the Middle East but they do tick the test,”

“The people behind them are first rate. They are capable of doing the deal and of investing in and managing the future.”

“I don’t know how to predict when we might do the deal.”

Of course the timing of the Newcastle deal is getting to be critical, because of the upcoming January transfer window. If nothing happens before then and Mike Ashley refuses to provide any funds for transfers, , as expected, we think Joe Kinnear will still attempt to wheel and deal to improve both the quality and size of the squad.

It’s good to have Joe running the club at this time, because he’s got our players playing well again and with some pride, and he seems determined to leave Newcastle in a much better state than when he joined. He also seems to be all on his lonesome, with little or no help coming from the Newcastle United Board.

This is where our fans are helping big time, in supporting Joe, the Newcastle coaching staff and the players, who have done remarkably well in such difficult circumstances. We’re all in this together.

Joe’s personally has done very well so far as interim manager, in an extremely difficult job and environment, even if we did suffer a defeat on Sunday in London.   😀

Comments welcome.

24 comments so far

  • Tom1664 (XiscoIsAPirate)

    Nov 12, 2008 at 10:38 AM

    Comment #1

    I’m liking the “wealthy” part…

  • Bill Gates

    Nov 12, 2008 at 10:41 AM

    Comment #2

    How do i put in an offer for this wonderful club?

  • hitman

    Nov 12, 2008 at 10:43 AM

    Comment #3

    my worrie is the sale drags on well into the new year,we need to get players in in january or were well in the soup.

  • Ryan Peacock

    Nov 12, 2008 at 10:48 AM

    Comment #4

    ive got a feeling, one of the companies in for us is owned by….BILL GATES!

  • Mike Ashley

    Nov 12, 2008 at 10:50 AM

    Comment #5

    Its finally come to me – he looks like that Doctor Fox fella

  • Mike Ashley

    Nov 12, 2008 at 10:50 AM

    Comment #6


    Is it Gentoo?

  • steve

    Nov 12, 2008 at 11:07 AM

    Comment #7

    Stop worrying about Jan transfer window – there is never anyone decent for sale during Jan, the only way we’ll get better players then is to offer huge money and even themn they have to want to come to the toon – hmmm how will we manage that……. by offering them massive wages.

    Surely this is not the way we want to go!

  • Bungles Pocket

    Nov 12, 2008 at 11:09 AM

    Comment #8

    I reckon Bill Gates would be a total tight wad.

  • 51times

    Nov 12, 2008 at 11:10 AM

    Comment #9

    steve – To be fair the impression I’ve gotten from our scouting and Kinnears own words is that we’d go for championship and u21 players.

  • Sav

    Nov 12, 2008 at 11:11 AM

    Comment #10

    Harris said the same about embezzling Thai despot Thaksin Shinawatra didn’t he?


    Nov 12, 2008 at 11:33 AM

    Comment #11

    Man city are having a clear out, I’d put in a sneaky bid for steven Ireland! they’ll end up selling half their team I recon so there’ll be some quality looking to move on.

  • ToonKing

    Nov 12, 2008 at 11:34 AM

    Comment #12

    It’s Billy Gates for sure….we’ll have cyborgs playing for us in no time…. Go Billy!!

  • Mike Ashley

    Nov 12, 2008 at 11:52 AM

    Comment #13

    Bill Gates LOL

    At least the excuses will become more comical.

    Sorry about the performance on Saturday, some of the players had a virus and we have to wait untill Tuesday for the latest service pack

  • Nick

    Nov 12, 2008 at 11:53 AM

    Comment #14

    This is where ashley’s greed will come back to haunt us.

    The Abu Dhabi group bought city for 200M, after first approaching Ashley and been quoted a stupid price.

    Now Ashley will allegedly sell for 230M. Well what’s another 30M to the world’s richest
    family ??????

    We are just cursed beyond belief !!!!!!!!

  • Ian

    Nov 12, 2008 at 12:39 PM

    Comment #15

    The comment left by “Mike Ashley” made me laugh

  • KK FOREVER (Ross)

    Nov 12, 2008 at 1:06 PM

    Comment #16

    Murphy-i read elano was unhappy about not being played, just only wish we could offer him what he needed to come to us, i really like the look of him.

  • Cyprus-Toon

    Nov 12, 2008 at 2:52 PM

    Comment #17

    Could it be that Harris is saying its 2 American consortiums just to stop the press from harrassing the guys from China & Kuwait instead??
    After all every one who’s been associated with a takeover of the TOON has denied it except the Chinese & Kuwait peeps!!!
    There are just too many crap-loids writting too much BS about us & anyone reading the crap-loids would defo be put off, especially hearing that the fans have threatened Ashley & his family if he come to watch the team he owns, enough to stave off any investers I’d say!!!!

  • toon mad tom

    Nov 12, 2008 at 6:22 PM

    Comment #18

    we’re goin down 🙁 we wont get sold either!!!!


    Nov 12, 2008 at 6:38 PM

    Comment #19

    Are these the same two “first raters” that have been interested for the last month or more ?
    Could`nt be that interested !

  • Tom Mo.

    Nov 12, 2008 at 8:51 PM

    Comment #20

    c’mon now, we won’t go down

  • obamagic

    Nov 13, 2008 at 12:07 AM

    Comment #21

    Gates needs to fix Vista before fixing a football club.

  • Grae_NZ

    Nov 13, 2008 at 12:48 AM

    Comment #22

    Let’s use the Jan window for U21 and overseas players on loan.
    About 4-5 will do us I think.
    Thanks Joe you are a star.
    Toon Toon

  • mark stafford

    Nov 13, 2008 at 9:13 AM

    Comment #23

    Get the club sold and bring back the Messiah to finish off what he was trying to start!


    Nov 13, 2008 at 6:58 PM

    Comment #24

    You mean relegation ?


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