Four Consortia Involved – But Do They Have The Money?

There are supposed to be four consortia involved in buying Newcastle United, but at this stage we don’t know if one of them is viable.


Keith Harris – is fielding the bids form various consortia
Freddy Shepherd is fronting one consortium and they are believed to have started due diligence of the books yesterday, following a meeting with Keith Harris in London.

Another group is said to be a banker in South Africa, but we find that a little difficult to believe since we heard so many reports last year linked with South Africa and none were viable and most were hoaxes.

And we still have the Omani consortium, with Sultan Oabood bin Said said to be involved, who is reported to be worth around £1.1B.

There is also the interest we heard from the Profitable Group in Singapore yesterday, but there are serious concerns that this group has the money to buy the club.

An inside source, said to be close to the negotiations told the Evening Chronicle today:

But now we are hearing from reporters in South Africa, that any move by an entrepreneur from that country could be stalled by Newcastle’s £100M price tag.

Well, it’s a lot less than the £300M Ashley was asking for before Christmas last year.

Kgomotso Mokoena is a sports reporter with Johannesburg-based newspaper the Sunday Times,and said today:

“The club would not come cheap and it might be a long shot for anyone here. There was speculation around six months ago of a South African buyout but that disappeared.”

We really have to be on our guard about some of these stories.

In fact to us the most real one is probably the one fronted by Freddy Shepherd, since he will know a lot more about Newcastle than most other bidders.

We will have to see, but the longer this goes on, the more determined Ashley seems to be in driving the club further into the gutter, and we use our words carefully.

Comments welcome.

17 comments so far

  • Mag 48

    Jun 11, 2009 at 3:37 PM

    Comment #1

    The rumour mill continues to churn them out.
    All anyone wants is a short progress report from the Ashley gang it does’nt even have to be detailed.We all know this will never happen.I wonder if we will get the third “I’m Sorry” note from them before they leave NAH!! I dont think so.

  • Toon Graeme

    Jun 11, 2009 at 3:43 PM

    Comment #2

    Mag48 – sort of like a parting message from our captain eh?!

  • toonsy

    Jun 11, 2009 at 3:44 PM

    Comment #3

    Or a 3rd “im sorry” before he takes the club off the market and insists on giving it another go!

    Ew that just made me shudder!

  • Rangerman

    Jun 11, 2009 at 3:45 PM

    Comment #4

    The club is up for sale with a few parties showing interest, this has been confirmed by Harris.

    What do you expect the club to say in this statement?

  • Johno Toon

    Jun 11, 2009 at 3:46 PM

    Comment #5

    I just want anyone bar ffs to buy the club! The sooner the better

  • cicero

    Jun 11, 2009 at 3:47 PM

    Comment #6

    The Chron is defending its reporting.

    “OVER the past few days, the Chronicle has been contacted by a number of well-placed, highly-credible sources in respect of takeover bids for Newcastle United.

    Only one, The Profitable Group, have provided details of its plans, should it be successful.

    The others who remain interested, according to our sources, are an Omani consortium, a wealthy South African businessman and a group with some involvement from former chairman Freddy Shepherd. There may well be others that we do not yet know about.

    We will continue to print what we understand to be the latest situation when it comes from sources we know, who we check out or have no reason to doubt.”

    Yesterday a financial advisor from Brewer Dolphin said he didn’t think the Profitable Group would have a problem raising the money.

    Everything is just supposition at the moment.

  • bowburnmag

    Jun 11, 2009 at 3:48 PM

    Comment #7

    How about “Fish and chip lunches are on us on Friday”?

    Just to keep us going I mean.

  • Shot Bru

    Jun 11, 2009 at 3:57 PM

    Comment #8

    Been speaking with a couple of mates in SA, and they seem to think the interest is coming from a guy called Patrice Motsepe, who already owns Sundowns in the PSL. Successful entrepreneur, but like the journo says in Ed’s piece £100 million is possibly too much for any SA based bidder.

  • Mag 48

    Jun 11, 2009 at 3:59 PM

    Comment #9

    Who is in charge of team affairs recruitment transfers targeting new players How many real offers have been received.Lots of things that will scotch a lot of rumours.It takes very little and I think we deserve at least that.

  • AussieToon

    Jun 11, 2009 at 4:05 PM

    Comment #10

    I tried to get an Aussie bid going, but James Packer apparently did his dough in Vegas, $AUS300 million he lost trying to build some Casino, so he had to pull out.

    Shame really……

    He would of had me as Chairman and I would have got some results….

    So wherever you are, in whatever country, contact your local billionaire, you never know your luck.

    We need Ashley out!

  • ObaFan2

    Jun 11, 2009 at 4:47 PM

    Comment #11

    £50 million on the euro lottery on Friday ! still wouldn’t be enough though 🙁

  • AndyT

    Jun 11, 2009 at 4:49 PM

    Comment #12

    So the S. African one is pretty much out of the race then? Okay. One down.
    Unfortunately, it’s looking like Shepherd is going to be able to put in a bid before anybody else. Please let this man’s ego help him realize that he’s not loved on Tyneside and needs to do things differently this time!

  • AndyT

    Jun 11, 2009 at 4:50 PM

    Comment #13

    You could take those lottery winnings and become part of some consortium though!

  • toonie

    Jun 11, 2009 at 7:06 PM

    Comment #14

    Freddy obviously met with Alan to seek assurances that he would take the managers job before proceeding.
    We could do worse. Freddy is a saint compared to the current dickhead Ashley.

  • Tom_Toon

    Jun 11, 2009 at 11:18 PM

    Comment #15


  • David_Barber

    Jun 12, 2009 at 12:20 AM

    Comment #16

    toonie: Suppose “Saddam Hussain” is a saint compared to that genocidal maniac “Adolf Hitler..!” FFS…I could weep. To think we could end up with him…And the championship.

  • Tom_Toon

    Jun 12, 2009 at 12:53 PM

    Comment #17



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