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.
“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.
“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. 😀