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.