It’s on again off again – and maybe on again – that’s the bid from the Profitable Group.
Steve McMahon – next Chairman of Newcastle? – hope so
After all the news yesterday about the Profitable Group and all the great things they had planned for our club, Derek Llambias (wary that this may be some good news for fans and anxious therefore to play it down) slammed the report and said it was nonsense.
But it looks like they have not been talking with Derek but with Seymour Price as a spokesman told the Evening Chronicle today:
“We’re working with Seymour Pierce and in discussions with the people that Mike Ashley has appointed to sell his club.”
“We don’t expect to be dealing with the Managing Director too much.”
It now looks like the Profitable Group may have been a day early and indeed the Evening Chronicle, Lee Ryder and Adam Jupp could still be right on the mark, when they reported the news yesterday.
Obviously the news was received well by Newcastle fans – as it seemed a dream come true.
It seems the Singapore Group has now registered a formal request to Seymour Price and Keith Harris today – only a day after the news broke.
It seems that several parties have contacted the investment bank, whose chairman Keith Harris, who has a fantastic track record in selling football clubs, has again been handed the job of finding a good buyer at owner Mike Ashley’s knockdown price of £100M.
However, there has again been no official statement form the Profitable Group’s Singapore offices today, and we have to hope this is indeed true, and yesterday they had said they hoped to say more in a couple of days.
But apparently Profitable Group have let it be known, behind then scenes, they are serious bidders and the Evening Chronicle reported their plans yesterday – which seemed to match the dreams of many dedicated and currently very frustrated and rather disillusioned Newcastle fans.
Steve McMahon is the Group Commercial Director at Profitable, and Steve has often waxed lyrical about what he considers to be a great club – yes he’s talking about Newcastle. 😀
There must now be four serious bidders in for Newcastle right now, but we think the process has still a long way to go, unfortunately, and we are getting increasingly concerned the delay will seriously impact the club’s crucial preparations for next season.
We could well lose 22 year-old star Seb Bassong and other players that Alan Shearer sees as key to the club.
It is though that Alan wants to form a new team and the resulting passion and team spirit around Steven Harper, Steven Taylor, Habib Beye, Nicky Butt and perhaps Seb Bassong – if he can manage to keep him on Tyneside with Arsenal and Tottenham now hot on his trail.
In Seb’s statement from a close source today, he was obviously committed as anybody at the club last season, and he’s exactly the type of lad we want to keep, and there’s even a good chance Alan could persuade him to stay, but we have to get ourselves sorted out quickly.
Unfortunately that seems a million miles away right now – but it’s clear Bassong is a big admirer of Shearer, both the man and the coach.
The Newcastle price of £100M is an absolute bargain, given that good owners with a sensible plan and some money to invest in players, could well have the team back in the Premier League within a couple of years, and the price would at least double.
We still don’t know why Ashley is selling at the worst possible time for the club, even for himself, but its consistent with the other ridiculous decisions he’s made while on Tyneside.
So it seems a great investment opportunity and if only we had say £200M we would be in there like a shot – and would mirror the Profitable Group’s plans.
But that’s what comes of not being a multi-millionaire – oh well – we’ve still got this blog – dedicated to the Newcastle club and to its fantastic fans – the best in the land.
And of course we’ll use the power of the pen to assist Newcastle United in becoming great again – that’s our number one goal and ambition – to be sure!