Mike Ashley To Meet With Local Consortium Tomorrow


The Telegraph is reporting late today that the future of Newcastle United should become a lot clearer tomorrow.

alan-shearer-34098

Alan Shearer – still waiting to take over his home-town club

That’s when advisers of the Newcastle United owner, Mike Ashley, are scheduled to meet with a group of local businessmen, reportedly backed by investors from somewhere in the Middle East, although the Telegraph is reporting there is some doubt about that now.

Ashley has said he wants to sell the club quickly, and is willing to sell at around £100M, and we understand there are now four different potential buyers who are now interested in going through the books of the club.

It was reported this morning that one of these is a local consortium of businessmen, said to be backed by funding from the Middle East.

But whoever takes over Newcastle United will immediately need to reduce the £74M wage bill at the club, and time is of the essence, because the club has already been in gridlock for a full two weeks following relegation.

There is also now some doubt as to whether that financial backing from Dubai still exists for the local businessmen, but hopefully we should know more in the next couple of days.

It may well be, as one of our readers has pointed out, that the Dubai backing fell through, but they still have backing from somewhere in the Middle East.

We cannot imagine they’d go to Mike without the financial backing to come up with the £100M and more for investment – needed to buy Newcastle United. And now is the time to move, becasewue nothing is happening at the cl;ub, and many rooms have burned since Alan made the statement about “every day that goes by another room burns.”

Sunday’s meeting should determine whether these local investors, whose identity has not been disclosed, have sufficient funds to complete a takeover. We don’t know at this point if a certain Freddy Shepherd is involved with the consortium.

In the mean-time Shearer must have been told there would be no decision on his future over the weekend, and he took off for a few days vacation in Portugal, and will return on Monday.

It would be good if something, even a little bit firm, was in place soon, at least to allow Alan to go ahead with the plans that he and Iain Dowie presented to owner Mike Ashley about a week ago.

But these types of deals are hardly ever straight forward, but on the other hand we cannot have the club in gridlock for too much longer.

As we said, we would hope that some agreement could be reached tomorrow, to at least bring Alan in and get him and his staff busy doing real work, but that in all honesty doesn’t seem too likely.

But we live in hope – as always these days.

Comments welcome.



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166 comments so far

  • dougnufc

    Jun 6, 2009 at 7:44 PM

    Comment #1

    Hopefully we get some good news!

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  • Nick 69

    Jun 6, 2009 at 7:44 PM

    Comment #2

    if these local businessmen haven got people with serious wedge behind them then it is pointless, you need serious finincial clout if you wanna get anywhere these days and local businessmen dont have that

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  • Tom4Nufc

    Jun 6, 2009 at 7:45 PM

    Comment #3

    Ed from what I read I thought it said there was a Dubai group that was interested, though that went… But the local consortium is still very interested and backed by people from the middle east!

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  • Ed Harrison

    Jun 6, 2009 at 7:47 PM

    Comment #4

    Tom4nufc – that could be accurate – cannot imagine they’ll meet with Ashley without backing – I’l add a sentence or two on that. 😀

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  • Toon Graeme

    Jun 6, 2009 at 7:48 PM

    Comment #5

    As with the article this morning – pinch of salt comes to mind.

    What day is tomorrow – sunday aka bollocks paper story day so expect more.

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  • Geordie-Gerrard7

    Jun 6, 2009 at 7:53 PM

    Comment #6

    if they dont have money to take us to new points it is a needless takeover, i just want everything sorted soon.

    has anyone seen much of davide santon of inter, starting tonight for italy, pure class, he will be the next best defender from italy

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  • Geordie-Gerrard7

    Jun 6, 2009 at 7:57 PM

    Comment #7

    i have to say it is a good thing that shearer is taking a short break now, i recon he is doing this as he know’s something and knows he will have a busy takeover.

    hmmmmm bear grylls or italy game?? what to watch

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  • chuck

    Jun 6, 2009 at 8:01 PM

    Comment #8

    And the saga continues !
    Would just like to hear something on a positive note for once.
    Tired of rumors and bull***t !

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  • Big Dave

    Jun 6, 2009 at 8:02 PM

    Comment #9

    Ed agree with you that I dont think Ma would bother unless he knew they had the dosh required

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  • jim

    Jun 6, 2009 at 8:02 PM

    Comment #10

    ed-haway man, pack it in with the alan shearer said|”every day that goes by another room burns” quote man, uve worn it out now lol, in fact uve hammered it! hahaha 😉

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  • Big Dave

    Jun 6, 2009 at 8:03 PM

    Comment #11

    Geordie-Gerrard7 bear grylls wasnt bad mate i just watched it

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  • jim

    Jun 6, 2009 at 8:04 PM

    Comment #12

    GG7- Bear Grylls in mad matey-blokes a sheer lunatic! lol

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  • Big Dave

    Jun 6, 2009 at 8:05 PM

    Comment #13

    Geordie-Gerrard7 but the Norn Iron game would be better lol

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  • jim

    Jun 6, 2009 at 8:05 PM

    Comment #14

    (IS) mad even..

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  • valle

    Jun 6, 2009 at 8:06 PM

    Comment #15

    I really dont care if they have 1 bill or 300 mill, as long as they put whatever Shearer needs into the club… 4 locals putting 60 mill in each would give them the club and provide shearer with 40 mill for transfers… Anything we got in from transfers could be used as a safty buffer.

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:07 PM

    Comment #16

    just a question lads, what away game are you most looking forward to next season??

    im torn, as plymouth is closest to me, my mate plays for them.

    Cardiff- just because its a great night out

    swansea- alot of mates up there as iv worked alot up there, nice ground, nice people and personally i think its better down cardiff, as its not full of lads that wanna fight ya, and it has a long street called wine street were its just pubs, clubs and kebab houses, full of student fanny

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:09 PM

    Comment #17

    iv settled for bear, the bloke is a lune, i like him on this but in real life on shows and that he is a right tampon

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:10 PM

    Comment #18

    id love to do the things bear grylls does, the stuff he has seen is unreal

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  • daffy

    Jun 6, 2009 at 8:11 PM

    Comment #19

    i know a self employed plumber from Stanley who would buy a few shares.

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:12 PM

    Comment #20

    them glaciers and cravas’s are unbelievable, my form tutor when i was at school fell down a glacier and died

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  • valle

    Jun 6, 2009 at 8:15 PM

    Comment #21

    Ok… Hold on to your spoons, i found this on setantas Bruce story… From a mackem ofc

    Churchill:06 June 2009 13:25
    If you people actually knew anything about football you would know Sunderland has a bigger history then Newcastle! Bruce turned down the chance to manage Newcastle because he knows the club is in a total state and going no where

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  • Big Dave

    Jun 6, 2009 at 8:15 PM

    Comment #22

    Geordie-Gerrard7 a friend that served with him told me he is a bit odd and a real hard man,

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:18 PM

    Comment #23

    he lied alot about were he served didnt he?? i think he is very entertaining though espec when he starts eating animal sh!t and bugs.

    he is in a glacier the wild (unt.

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  • daffy

    Jun 6, 2009 at 8:19 PM

    Comment #24

    here yav nicked wor coach driver for next season , knows the championship grounds like the back of his hand.

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  • valle

    Jun 6, 2009 at 8:19 PM

    Comment #25

    Regarding games next season… Doncaster and Blackpool i think. For the sheer fact that i cant remember us playing them in my time and we should be able to play them of the field.

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  • daffy

    Jun 6, 2009 at 8:20 PM

    Comment #26

    churchill is a legend.

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:23 PM

    Comment #27

    valle- blackpool would be a good craic

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  • Big Dave

    Jun 6, 2009 at 8:23 PM

    Comment #28

    daffy im sure you’s are well peed off as you’s will need him after next season. but then we can give you him back when we are back up mate. so just think of it as a season long loan

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  • Rangerman

    Jun 6, 2009 at 8:24 PM

    Comment #29

    I’ve had a few good nights out in Swansea too, GG7.

    The place is rough but it’s still a good laugh and I’ve always enjoyed myself down there.

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:26 PM

    Comment #30

    when was the last time you were there ranger mate?

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  • daffy

    Jun 6, 2009 at 8:31 PM

    Comment #31

    Big Dave , your a comic marra , youll be lucky not to head in the direction of charlton , southampton + norwich . big scalp next season.

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  • Big Dave

    Jun 6, 2009 at 8:34 PM

    Comment #32

    daffy out of interest what do you think of David Healy

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  • daffy

    Jun 6, 2009 at 8:38 PM

    Comment #33

    I like healy but he hasnt had a fair crack under keane or sbragia . even when chopra was sent to cardiff after that derby miss he still wasnt selected.

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  • jimiley

    Jun 6, 2009 at 8:38 PM

    Comment #34

    Whoever gets to own the club, I hope they do not make Shearer the manager. He added nothing when he took over. He could not even get six points out of 24 and got 100 grand a game. Now the cheeky chap wants 3 million in the Championship. Greedy twat. Thats a hell of a reward for failure. He does not deserve it. What sort of example does that set to the mebgabucks players? But he loves the Toon….. at a price Yeah right on!!!!

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  • Big Dave

    Jun 6, 2009 at 8:41 PM

    Comment #35

    I like him he has just came off there with a groin prob in the Norn Iron game, and maybe bruce will give him a chance

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  • DevonMag

    Jun 6, 2009 at 8:44 PM

    Comment #36

    Gerrard bear grylls is a loon, did you ever see that program on channel four where he flew over Everest? The guy that did it with him, Gilo Cardozo, is my cousin! And I’m most lookin forward to Plymouth away as I’m a city fan

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  • DevonMag

    Jun 6, 2009 at 8:46 PM

    Comment #37

    And you’re right he’s a complete n0b when he’s on interviews and stuff, tried to be funny and says all the wrong things. Absolute pyscho on his show though

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  • DevonMag

    Jun 6, 2009 at 8:46 PM

    Comment #38

    *tries

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  • Geordie-Gerrard7

    Jun 6, 2009 at 8:49 PM

    Comment #39

    im also a city fan devon.

    yeah i seen the everest one. Gilo Cardozo is bears best mate isnt he?? he seriously your cousin, he seemed alright, what is he like in real life and what is bear meant to be like in real life?

    bears birthday tommorow

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  • daffy

    Jun 6, 2009 at 8:52 PM

    Comment #40

    Big Dave, i agree healy should be given a run in the team , but im a bit worried about this giving everyone a chance statement as obviously the current players arent good enough .

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