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News, Views and Comment On Newcastle United Football Club By Ed Harrison, A Proud Geordie And Lifelong Fan

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Kinnear Manager Until Xmas – American Valuation Too Low

November 22nd, 2008 by Ed Harrison · 59 Comments

There is news today that an American consortium wants to buy Newcastle United Football Club, but their offer is well below what owner Mike Ashley is asking.

And also news today that Joe Kinnear will be in charge of Newcastle for yet another month, and that will take Joe up to the January transfer window – so will he be in charge of the transfers?.

Joe Kinnear said today:

“The deal was to be in charge until the club was sold and nothing has changed since then to be honest,” “But I have been informed that I am here for another month and that will bring us up to the transfer window.” “So if I can twist his arm and get a few quid out of him, I can buy a couple of players.”

“Mike told me I would be here for another month on Friday. The club has not got a buyer yet, but people are talking to them. So far, nobody has come up with the cash.” “Mike said they were Americans, but the offer they made was well below his estimation of what the club was worth.”

This is not good news – that the Americans are not willing to come up with the money for the club, and we just cannot see Ashley selling the club at a loss.

So if nothing changes in the next week or two, it may be best to bolt down the hatches, and let Joe be in charge of the club until the summer, and let him strengthen the squad in January, working with Dennis Wise.

For the good of the club, and to ensure we can start building again, this has to be something Ashley has to look at.

Somebody at the club will also need to deal with the contracts and extending the uncertainty until the start of the transfer window is courting fate. What is Michael Owen supposed to do – sit on his hands?

No, this is just not good enough, and something has to come from the Newcastle Board, on what they will be doing, for the next several months, until the club is finally sold.

Comments welcome.

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59 responses so far ↓

  • 1 Tom Mo. // Nov 22, 2008 at 6:46 PM

    wonderful.

  • 2 dave // Nov 22, 2008 at 6:47 PM

    bloody americans, first they cant spell properly then they cant raise enough ca$h – numpties

  • 3 Davy C // Nov 22, 2008 at 6:53 PM

    Ashley (or someone at the top) needs to come out and say what’s going on. This is a disgrace. No one knows what’s happening, including the players.

  • 4 wigaz // Nov 22, 2008 at 6:54 PM

    Worst news i’ve heard today! what a come down from a good result. I cant belive that It was possible to hate Ashley more but there you go! Joe has No chance of getting a penny out of him for Jan window & I can see Owen leaving too. Fantastic times at Newcastle Utd!

  • 5 Tom4Nufc // Nov 22, 2008 at 6:55 PM

    We are being played along by Mike Ashley, he wont sell the club (though I dont know!!!!) and is just saying that he is selling it, to try and wait for us all to calm down. Mike if you are keeping the club, come out and say something ffs, tell us your plans and give us a few bob in January and you will start to get us back on board, but till he says anything what does he expect? Us to all calm down and forget what he has done?…. FOOL!

  • 6 KK FOREVER (Ross) // Nov 22, 2008 at 6:56 PM

    We’re going to end up with Kinnear till the end of the season, thats looking more and more obvious with every interview given regarding this phantom takeover.

  • 7 beyethegreat // Nov 22, 2008 at 7:09 PM

    as if ashley is going to come out and say something he never has been a great communicator and he never will if he was at a club where the fans and media are nowhere near inntense this would not have been sucha problem but the speculation form us and the media means that we need communication and at the very least would show that he has some balls

  • 8 Ryan Peacock // Nov 22, 2008 at 7:11 PM

    well happy with kinnear but i want ashley to feck off

  • 9 Tripp // Nov 22, 2008 at 7:12 PM

    Yeah, I’ve been of the opinion that Ashley isn’t going to find anybody. Really a victim of the times more than anything else probably. As long as the global economy is in the bog it’s going to be very tough going. Let Joe see out the season. He’s going OK, actually better than KK did, and we need some stability… both the fans and the players.

    What I really enjoy seeing is the players who have been given a chance seizing those chances and really performing (namely Guthrie and Bassong). That’s an encouraging sign.

  • 10 Paul Gadd // Nov 22, 2008 at 7:22 PM

    STAY AWAY FROM THE CLUB. Its the only way Ashley will get the message.

  • 11 CHUCK // Nov 22, 2008 at 7:23 PM

    Well he can refuse to communicate, whats new !
    But its certainly not in his interest to be the owner of a championship division team.
    The teams present position in the PL also has an effect on the selling price.
    Its all speculation as to his asking price, as is the amounts on offer for the club, but it just seems to be an everlasting saga and the sooner he is outta here the better for all concerned.
    Please just take the money and F**K OFF.

  • 12 PadreJoe // Nov 22, 2008 at 7:29 PM

    So does this mean goodbye to Owen and Given?

  • 13 THE BEAT. // Nov 22, 2008 at 7:30 PM

    lets be honest we knew this was going to happen,it is completley predictable.
    one thing is sure there is going to be no stability what so ever,can anyone see ashley funding the first team?if he doesn,t want to he already has excuse i,m selling the club dont look at me.
    joe will have to sell to bring players in,cue owen,given sacrificed,joe the puppet oh we couldn,t do anything else.

  • 14 CHUCK // Nov 22, 2008 at 7:31 PM

    Hey congratulatios guys , a determined effort to day, defended well and that includes the midfield.
    Wonder what Joe said to get them on such a high, everyone gave it there all.

  • 15 UTD111 // Nov 22, 2008 at 7:42 PM

    Really bad news – personally I’m gutted. Wish we could rid ourselves of these cockney w*nkers and get one of the geordie knights in charge – Sir Kevin, Sir Alan etc
    This club belongs to us!!! Cockneys fo*k off (especially you Wise you little ****)

  • 16 Little Willie // Nov 22, 2008 at 7:51 PM

    Apparently the group that bid were an investment group which isn’t the best news I’ve heard, they certainly won’t be putting their own money into buying players and could well borrow before switching the debt back onto us.

  • 17 AndrewNUFC // Nov 22, 2008 at 7:52 PM

    Ah crap, the saga goes on :(

  • 18 Alex // Nov 22, 2008 at 7:54 PM

    The Americans are trying to get us for the lowest possible price , they are playing hardball because they know Ashley is not popular and wants out . Fact is they want us and eventually will pay what they know the club is worth . Its now a game of poker between the Yanks & Ashley they are calling each others bluff , give it 2 weeks and we will be sold .

  • 19 GlenRay // Nov 22, 2008 at 7:55 PM

    I dont know why people are on JK’s case how is he a puppet, he’s making the most of the best opportunity he’s ever had. He’s got the team playing as good as anyone outside the top 5 or 6 ,a result at Chelsea. Personally I hope he remains as Manager. And if Owen leaves so what he’s always injured.
    Mon Joe and the lads

  • 20 beyethegreat // Nov 22, 2008 at 7:56 PM

    i will get slated for this

    but i dont blame wise he was just doing his job

    he was offered good money to be a director of football

    and imo is doing a good job he made a few mistakes with xisco and nacho but even still perhaps they will come good

    he also brought in ranger who lokes to be dynamite for the reserves aswell

    as starting off that new scheme to make sure we sign the best local talent

    he tried to sign aimar but apparentley we wouldnt pay the wages needed

    i wil be honest i never liked him but i dont blame him for this mess i blame ashley

  • 21 Lee // Nov 22, 2008 at 7:57 PM

    this economy thing is great for ashley as an excuse, i think its a load of shit myself, now is the best time for a millionaire to buy anything!!! all the prices are low! if i had money id be buying a couple of houses now coz they are so cheap. i really dont think a millionaire wud be scared, think of the interest they are making!!

  • 22 james L // Nov 22, 2008 at 8:01 PM

    f0cking american tramps. cannot even afford 300 million.

  • 23 Toon Graeme // Nov 22, 2008 at 8:02 PM

    Well you have to be honest with yourselves and see that this was always going to be the case. This is no surprise to me at all and as for Pedro – full of sh*te mate.

    Anyway boycott is not the answer. Mob mentality has to be done away with. The current financial climate will start to have a profound effect on attendances if it has not already. I cant afford a season ticket due to mortgage, car, nursery fee’s etc and for what I can go to is few and far between but that doesnt mean that my passions and commitment as a fan is any less.

    If you think about it no one is going to sell any club for less than what was invested. True if rumours are correct he should have done due dilligence before and it just proves what a mess the previous regime left the club in.

    Just going around saying Ashley should sell the club aint going to cut it anymore. Obvious he cant.

    I so want to be proved wrong but I dont think we or I will be anytime soon.

    Fat Cashley must now look to the furture and the money that he gets for flogging owen will hopefully bring in some new players.

    Lets look to now getting points banked and move up that Premier League.

  • 24 ronaldeano // Nov 22, 2008 at 8:13 PM

    @Beye, i agree with you mate

    Wise is being paid handsomley to to a job.

    He is doing it, end of.

    Whatever happens with the club, its good to know that the staff are not slacking.

    We need to survive. Thats the main objective…

  • 25 KK FOREVER (Ross) // Nov 22, 2008 at 8:16 PM

    beyethegreat-i heard that aimar was ready to sign but his wife wanted nothing to do with living in the North East? i dunno if that rumour started on here or what though.

  • 26 beyethegreat // Nov 22, 2008 at 8:17 PM

    ronaldeano

    thaks i honestley thought as soon as i writ that i would get a load of abuse

  • 27 Barcode // Nov 22, 2008 at 8:17 PM

    The investment group might be Vulcan Inc, which is the private Asset Management company of Paul Allen (who has been mentioned by someone).

    If Ash stays at least he’ll try to offload the high earners and get a bigger squad with more hungry younger players, which is easier said than done.

  • 28 UTD111 // Nov 22, 2008 at 8:18 PM

    Aye…..where’s Pedro the night with his tall tales?????

  • 29 UTD111 // Nov 22, 2008 at 8:20 PM

    Wise is a cnut.

    Always has been. Always will be.

    NUFC fans have too much history with the little git – if you don’t know that, youve only been around 5 minutes

  • 30 beyethegreat // Nov 22, 2008 at 8:21 PM

    kk forever

    who knows though i do have 1 complaint about wise

    apparentley according to steve claridge kk sold milner after wise told him that he could get schwiensteger

    so we sold milner then den wise said i dont have any contacts at bayern munich

  • 31 ditto // Nov 22, 2008 at 8:25 PM

    beyethegreat i heard that too around the time KK went but i heard schweinsteiger had infact rejected us…hard to know what to believe though.

  • 32 UTD111 // Nov 22, 2008 at 8:29 PM

    Yeah Beyethegreat “wise has done a good job”…..
    Like totally undermining a manager of the status of Sir Kevin, then lying to him about the Milner sale……oh yes, The dwarf has been a real asset to the club.

  • 33 craig chisholm // Nov 22, 2008 at 8:31 PM

    i would like to know what ashley is trying to sell for, wheelan said last week in pulic that ashley could have sold easily but was wanting way over the asking price. we know this must be true cos ashkey never came out and denied it or anything. we are shagged. we will loose owen and given and problaby others in january and be given not a penny. we are 100% knackered as our owner is a toss pot of the highest order!

  • 34 Alex // Nov 22, 2008 at 8:35 PM

    beye the great , you are right in what you posted . Any body would take the poisoned dwarfs job for the wages he is on .
    One thing though , did Wise bring in xisco and the rest of the signings from Spain or was it Jimenez . Wise has brought in all the youngsters and is doing a great job in that department , but the lads that came from Spain ? i think Jimenez with all his connections was the man . Nacho needs to be dumped asap but Xisco needs to be given a proper chance .

  • 35 KK FOREVER (Ross) // Nov 22, 2008 at 8:44 PM

    beye-aye i too was under the impression that Keegan had been told should we sell milner, he would get be able to spend the funds to replace him. Hence, keegan coming out and saying “i think you’ll see selling him was the right choice” etc. He got left hanging, was made to look stupid, and that was the end of it all.

  • 36 ronaldeano // Nov 22, 2008 at 8:45 PM

    Beye,

    If you dont spout bile mate, you will get the respect you deserve! :)

    Sometimes I spout bile, but only when im pissed! Which is quite often! :)

  • 37 beyethegreat // Nov 22, 2008 at 8:50 PM

    utd 111

    to be fair i think he has done a good job yeah the milner thing was wrong and i think perhaps he may have been told by ma to sell milner or 1 of his scouts said he had contacts thier or maybe its not even true

    but he bought good players

    colo
    bassong
    guthrie
    spidey
    ranger
    kadar (though im not sure if the deal was done when big sam was in charge)

  • 38 Edd Case // Nov 22, 2008 at 9:06 PM

    You will all see the truth very soon.

    Ashley has NEVER had any intention to sell.

    He wants to win your hearts back. He knows the only way to do that is buy big players in Jan.
    He will do this, and then everyone will go, “Well, to be fair, he’s put up the dosh now, let’s give him another chance”…

    If we sign some talent, crawl up the table and then have a brilliant spending spree in the summer, all will be forgotten and Ashley will be back in the stands, drinking more beer and watching, with any luck, a class Newcastle team.

  • 39 toonoot // Nov 22, 2008 at 9:26 PM

    Let’s get one thing straight. Wise is NOT a cnut!

    He never told the sea to go back just to make a point and he was never king of England or those Scandanavian countries.

    There. It had to be said.

  • 40 stuart // Nov 22, 2008 at 9:29 PM

    I’m at the point now where i would take Ashley saying i’m staying!

    This indecision is crippling the club!

    I don’t think Joe is the answer but if Ashley is intent on wanting to make a profit I think he should just come out with it and tell us what’s happening or just call off the sale!

  • 41 Islander // Nov 22, 2008 at 9:29 PM

    For now NUFC problem is the supporters.
    The owner and his staff have bougth excelent players – Gutieres, Gutrie, Collocini.
    Finances is better than ever, and better than many other premier-league clubs.
    Slowly and “vise” he is bying new players.
    Giv them time !! – No one can build at club laying in periferie in a year og two – it takes time. I have confidence to the ovner og to Dennis Vise. Why force him to sell – may be Asley have feelings for Newcastle – give him time and confidence. NUFC need people with money and feelings.

  • 42 dan // Nov 22, 2008 at 9:35 PM

    I think Ashley has already said to JK

    ‘ Look, they won’t come up with enough money, your here till the summer. I will give you some money to spend in Jan, tell them you have another month. pretend you are planning a list just in case.’

    If we sign Skjelbred for £6-7m and get Riise and Denilson on loan I won’t care.
    I can’t see why Denilson would come here on loan tho having played so many games this season. I think that one is a red herring. The two Norwiegian lads may be on the way tho. In that case we just need to find a decent DM which shouldnt be too hard. I like that Torrosidis.

  • 43 GeordieJayne // Nov 22, 2008 at 9:37 PM

    This is the worse goddamn news I have heard since Keegan left.

    An absolute joke, I blam Cashley, Wise and Lam-bi-arse end of.

    Lam-bi-arse is getting away with this good and propper, you don’t see the Chelsea owner coming out his chairman does the joh he is supposed to do, the top bloke at nufc does naff all and there is nowt said.

    Great point today but lets not forget we are still only 3 points from the bottom and that is the end of the table below everyone else.

    Cashley is going to ruin our Christmas while we all hope that we will be sold, but guess what there is no sale, just asset striping, believe me this is what is going to happen.

    Stuff Cashley if we go down I hope to god we take him down with us good and proper.

    Come on NUSC get something going we can’t wait and be taken for mugs anymore.

  • 44 toonoot // Nov 22, 2008 at 9:43 PM

    Ahley tried to ingratiate himself with the fans and thought he had succeeded. We told him we hate him, now he hates us. He wants shot but he also wants revenge. As long as he gets a good price he wants to leave us in a mess.

  • 45 Isaac Hunt // Nov 22, 2008 at 9:46 PM

    It’s hard to get used to this uncertainty.

  • 46 dan // Nov 22, 2008 at 9:59 PM

    Ashley never had any intention of leaving.
    Fans are fickle.
    He is paying Dennis Wise good money to aquire players like Coloccini and Ranger and when the team is good enough he will be accepted back with the beer belly brigade.
    It will take a while to build that up tho because of the likes of Souness and Fat Sam. Thats why he appointed a director of football. Because he knew Wise was a good talent spotter. And because he wanted to keep an eye on the spending. He has pumped millions into the club tho and to be honest some of the abuse he gets is unfair.
    6-8 more signings of the ‘argie caliber’ and all will be forgiven ;-)

  • 47 letshavadisco // Nov 22, 2008 at 9:59 PM

    im inbetween what i think, someone is making a mug of us all, whoever is going to take us forward speak and stop this bollocks, NOW!

  • 48 Isaac Hunt // Nov 22, 2008 at 10:23 PM

    MOTD: Cheryl’s husband missed a sitter

  • 49 jude // Nov 22, 2008 at 10:53 PM

    Foolish idiot…wisen up….this is actually good news for the club…

    Hopefully Ashley won’t go after all…a blessing in disguise this economic downturn…look at what the Americans are doin at Liverpool…probs with their loans? is that what we want

    If Ashley, then we won’t add an “unstable-ownership” to our famous “unstable-manager” tag…and through that…Kinnear will get to stay..some stability that is much needed at newcastle (I really believe that’s all we need)

    Just hold on to your horses…if we lose Owen, fine let him go..it means he isn’t as committed to the cause as he should (but then again with his injury record and lack of pace, which big team wld want to buy him and which smaller-big team will be prepared to pay his wages)…..

    And I know we will bring in players in Jan..like s’one said earlier…Ashley knows that’s the only way to endear himself to us…

    Look at their buys…(guthrie, Colocinni, Bassong, Guttierez)…at the very core of our team…absolutely essential to our team…..and look at how good our academy side is performing (7 wins in a row)…and for once…newcastle is doin all this and not in debt to any bank….great actually great…

    it’s only a fool who will think things are bad…(only fools who are stuck on the KK bandwagon….in my honest opinion…Kinnear is way better than KK…tactically that is..his record shows..)

    He comes in we have a leaky defense….and now we are able to hold a team that can score 5 goals in 90 mins as easy as reciting ABC…that can only speak well of him..

    I wil like to implore all toon fans to get behind the team…get behind Ashley..forget aba the cowardly, team-deserting KK..and focus on the future…support the lads who go out on the pitch day in and day out….support the coaches and manager who toil in week in and week out…all with one aim…to move the team forward…

  • 50 GeordieJayne // Nov 22, 2008 at 11:39 PM

    Jude you are a clown

  • 51 joycey // Nov 22, 2008 at 11:55 PM

    these pants are supertight, oh yeah!

  • 52 iain // Nov 23, 2008 at 3:55 AM

    the only way anyone buying nufc could be affected by the credit crunch was if they didnt have the money to invest in nufc without loaning it from a bank.

    which when you consider it in detail with ashley saying he would only sell to people who could improve nufc just proves what a lier he is, he only wants his money back he doesnt care who he sells to.

    god help us, result at chelsea or not we have more chance of going down right now than staying up with ashley in charge.

  • 53 Paul141726 // Nov 23, 2008 at 4:18 AM

    Just a feeling, but I don’t believe Ashley wants to sell. If he thinks he will get anything north of 250 million for the club, he’s more daft than any of us thought. Of course, we won’t hear what the American consortium have offered (if there ever was one). JFK will be in charge for the forseeable future, get a little money to spend in the window, and see some of our better players leave for other clubs. Hate to be so pessimistic after an OK performance at Chelsea, but there must be much more shown from management and players that they want to all pull together to keep us in the PL.

  • 54 Paul141726 // Nov 23, 2008 at 4:29 AM

    Alex, in post 18, believes we “colonials” are producing a low offer for the club hoping that Ashley, losing money down the bottomless pit that is his sporting goods “empire”, will take the first offer that comes his way. Ashley may be a lot of things, but as much as I hate to say, stupid is not one of them. Also, if we do go down to the fizzy pop league, isn’t there a large “parachute” payment that comes the club’s way? More cash to line Ash’s pockets after we’ve sold Milner and possibly Owen, Given, Zogs and a few others.

  • 55 ELFER // Nov 23, 2008 at 9:27 AM

    The only good thing is that we seem to be prepared for the transferwindow, which will truly show us what our future will be – relegation battle or a top 10 spot fight!

  • 56 stuart // Nov 23, 2008 at 10:08 AM

    The club will be in complete turmoil in January. Owen will be gone, they won’t bring any players in and we’ll get relegated!

    Without Owens goals were knackered! We have the smallest squad in the PL and Ashley has said that himself.

    If he does by some miracle spend money in Jan, he’ll only put it on his asking price which will give us less chance of getting rid of the fat twat!

  • 57 Stardust // Nov 23, 2008 at 12:19 PM

    Jude – re post 49 – First Class fella couldnt hve put it better myself!

  • 58 Sav // Nov 23, 2008 at 1:00 PM

    Fat Ash will hang onto it until the value of the club matches the Yank’s offer.
    Selling Given and Owen in Jan should bring it down a bit for starters.

  • 59 craig chisholm // Nov 23, 2008 at 1:13 PM

    we all need to understand that we will be a coca cola league team next season, furthermore, we fully deserve it too. our entire structure is a joke and we are run in a way that is so poor i just can not seem to find the words to say how much i hate ashley and his entire team, inc the bloke who is suppoasedly trying to sell us, i dont trust his one bit either, another tosser full of crap. if you think we are weak and short of numbers now, just wait til january comes round, we will be the biggest whipping boys in the league.




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