More news form the local papers in Newcastle, and this afternoon’s Chronicle is saying there may be some interest in Dubai.
It seems that the Newcastle Journal and Chronicle are doing exactly what we’d all hoped for, and doing some decent, factual reporting on the current Newcastle situation, and these two will be the best source, in terms of what’s true and not true in the press in the near future on what’s really going on at the club.
The Evening Chronicle has learned today that Keith Harris, the man trying to flog the club for a second time for Mike, is in Dubai talking to would-be investors. We did know he was out of the country on business today, and we have to hope there is now some interest shown there.
The good news for potential buyers is that Newcastle is up for sale for £100M from the £300M price of last September – the bad news is we are now a Championship club.
Harris, Chairman of investment bank Seymour Pierce, and with an excellent track record of selling football clubs, is revisiting Gulf business tycoons who Ashley had contacted last September, to see if any may be interested at the now much reduced price of the famous club.
Unfortunately these types of deals are just not done quickly, whatever people might say, and we thought that Ashley’s wording – on Saturday night – saying he wants to sell the club quickly – was more political than anything else.
Why Ashley put the club up for sale in the middle of negotiations with Shearer, we believe may been initiated because of the financial situation at Newcastle, which could be worse than we think.
One option Mike had was to get the finances sorted out – get Shearer in as manager – and then put the club up for sale – and at least then he wouldn’t have put handcuffs on the club.
And there would not be too many would-be buyers object to Alan Shearer leading the club – we would have thought – although we realize he has no experience in management whatsoever.
Why didn’t he do that?
Because we believe they may be having significant trouble balancing the books, and although we usually don’t take much notice of “tips” we get from Newcastle ” inside sources” – we have heard that from 3 independent sources, one very reliable, since Saturday night.
That doesn’t say it’s true of course, but it would at least be a good explanation for Mike’s recent actions.
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