Geordie Businessmen In £150M Total Bid For Newcastle

Talksport is reporting right now that five North East businessmen have made a bid of £90M For Newcastle United with an extra £30 for a transfer fund and £30M for restructuring.

SOCCER Newcastle 2

Rick Parkinson – leading the bid – and wearing the right scarf too!!

The news is only now just trickling in – but this is also being reported on Sky Sports News and the Daily Mail, so we’ll update things as things becomes more clear. We only hope it’s true, but this is what is now being reported.

But this could be good news for Geordies and Newcastle fans everywhere, and it’s a Friday – which means a potential good weekend ahead. 😀

The lead name that has been mentioned for the group is Rick Parkinson from Northumberland who made money in textiles, and the consortium consists of him and four other local entrepreneurs.

The Northumberland-based multi-millionaire’s consortium is the first in with a bid with a South African consortium also likely to bid imminently.

This is not the consortium that Freddy Shepherd is linked with, as we currently understand. IN any case that’s what the Mail is reporting, but since Freddy met with Keith Harris on Wednesday, we’ll have to wait and get some additional clarification on that.

And as we already mentioned, according to talksport, the £150M is for three specific items – £90M for the club itself, £30M for transfers and £30M for restructuring, and that sounds like a decent package, although Mike would probably have liked £100M for the club.

And this group wants Alan Shearer as manager of course.

More news as it comes in, but this looks the first official bid and it looks a good one! There has been no official confirmation of this, as the news in only just breaking within the last hour or so.

Looking ahead a little, if Ashley accepts this bid, there should be no reason while due diligence continues, that Alan Shearer, or some other manager cannot be appointed to start getting real work done, which is really needed.

And the fact these lads are Geordies will say they understand the current situation and what needs to get sone, and it will be  just what fans want to hear, because we’ve all had enough of non-locals trying to run a  club they just don’t understand – nor seem to want to understand

Howay The Lads!!

Comments welcome.

50 comments so far

  • HalftimeBovril

    Jun 12, 2009 at 9:15 AM

    Comment #1

    There saying its made up of 5 people, do you reckon FFS is part of this lot?

  • Ericles

    Jun 12, 2009 at 9:15 AM

    Comment #2

    Please let this be the beginning of the end for fat Ashley’ s connection with NUFC. I hope this is the light at the end of the tunnel for us all. I know it is wait and see still, but…here is hoping!!

  • NotAGhostToon

    Jun 12, 2009 at 9:21 AM

    Comment #3

    Even if FFS is involved, by the sounds he’s not gonna have the majority share and hopefully this lot keep a close eye on him CCTV and the lot everywhere to stop him sapping our money!
    Tbh i just hope we get bought by anyone half decent atm, im not looking for the rich arabs that some want because i want the club to keep its soul but anyone that has good intentions, is willing to spend to win to get money to spend to win and so on is good in my book. We just need someone atm to get the ball rolling for next season!

  • bowburnmag

    Jun 12, 2009 at 9:23 AM

    Comment #4

    If it means we can move on – I’d be happy with The Famous Five, 5 Star or even just five of the seven dwarves.

  • newcastle29

    Jun 12, 2009 at 9:23 AM

    Comment #5


    i doubt it. fs has been mentioned with some other backers.

  • Toon Graeme

    Jun 12, 2009 at 9:25 AM

    Comment #6

    The ball is gathering pace – lets hope this is not bullslocks.

    Will watch and wait and see what happens.

    Llambias will probably deny everything – voiceless uselesss P*ck that he is!

  • lesh

    Jun 12, 2009 at 9:26 AM

    Comment #7

    But the £90m doesn’t meet Ashley’s asking price – the 2 x £30m are to be applied post-sale so I’d expect him to reject the offer.

    I wonder whether the reported bidders are in a position to up the ante to £100m or is that the extent of the up-front funds with £30m for post-purchase restructuring and the transfer kitty coming out of the projected revenue stream?

    Anybody got £10m to spare to round the bid to £100 and help Ashley into the depatrure lounge?

  • Ericles

    Jun 12, 2009 at 9:27 AM

    Comment #8

    I do not think Fat Freddy being part of the 5 is a problem – if he is that is. As part of a responsible consortium Freddy will not be able to act the maverick that he did before. The important thing is, if the reports are true, that the bid is local by people whose roots and understanding are Geordie. And they want Shearer. Take the money Ashley and then – foreign office asap.

  • newcastle29

    Jun 12, 2009 at 9:29 AM

    Comment #9

    errm it says he is PLANNING a bid and not that he has made a bid!!! he may be in a bit late.

    A North East businessman is PLANNING to launch a £150million takeover bid for Newcastle United, according to a report.

    Rick Parkinson, who has made much of his cash from the textiles industry, is said to have joined forces with four other entrepreneurs and is PREPARING to make a formal offer for United.

    The Northumberland-based multi-millionaire’s consortium is willing to pay £90million to current owner Mike Ashley, plus £30million for transfers and the same amount again for restructuring.

    On Thursday, The Profitable Group confirmed its interest in buying Newcastle, although it stated that any potential bid is at an early stage.

    ‘Three or four’ groups are said to be in the race to buy the Tyneside club, with Ashley seeking a £100million asking price.

  • batty

    Jun 12, 2009 at 9:29 AM

    Comment #10

    NotAGhostToon how much did u raise on your bungie jump m8 if you dont mind me asking

  • ian

    Jun 12, 2009 at 9:36 AM

    Comment #11

    More than a fair offer, if they fail to get the club in to the premiership it would take them 30 years on an interest free loan to recover that money in the premiership if they were lucky and kept the crowds.

    I hope they offered £70-80m and have settled on a final offer of £90m.

    Let us hope and at least let us hope that these lot have a bit more idea about what they are doing.

  • newcastle29

    Jun 12, 2009 at 9:40 AM

    Comment #12

    they have’nt offered anything yet!!!

  • bowburnmag

    Jun 12, 2009 at 9:43 AM

    Comment #13

    newcastle29 – is that from SSN or an online story?

  • NotAGhostToon

    Jun 12, 2009 at 9:49 AM

    Comment #14

    Its about £250 so far, but i plan on doing some last minute hustling now that my exams are over, I’d say my target from here is about £400. I wish i could have raised more but uni and everything got in the way of me really going for it but £400 would be not too shabby!

  • Ericles

    Jun 12, 2009 at 9:49 AM

    Comment #15

    This news is doing the rounds of several sites and all tell the same story. Except for guess who? It is the Mail online who are putting some dampers on it. They are the only site to say Parkinson is putting in his bid within the next 10 days. Why is the Mail online the only outfit to say this? Are they claiming they are privy to information that nobody else has? I do not expect the Mail to have a good word for NUFC anyway. Fingers crossed and hope we are finally getting somewhere now on the road to reclaiming our club back from the mafiosa from Haringey!

  • batty

    Jun 12, 2009 at 9:50 AM

    Comment #16

    400 would be good m8

  • newcastle29

    Jun 12, 2009 at 9:53 AM

    Comment #17
  • bowburnmag

    Jun 12, 2009 at 9:59 AM

    Comment #18

    Well that’s a bit pants then. Up-to-date info suggesting it’s only a ‘planned’ bid. Hopefully something will shift pretty quickly.

  • Whumpie

    Jun 12, 2009 at 10:02 AM

    Comment #19

    The Times is on it aswell, also clearly on the side of a ‘planned’ bid some time off. No contact with Seymore Pierce yet.

    I think the Journal have it about right, i.e. “we know nowt yet, don’t get too excited”:

  • Whumpie

    Jun 12, 2009 at 10:06 AM

    Comment #20

    My main concern with their bid is when you put it up against the model (real or otherwise) claimed by the Profitable group.

    Profitable: Two big name football people on the board. Parkinson: 5 businessmen, no football people.

    Profitable: NUFC to become a Trust, with fans taking a part, a-la-Barca. Parkinson: Five blokes, 20% each.

    I think we need to know a lot more, even if this is genuine. Just because they’re supporters does not mean they have any clue on how to run a club, and with equal shares, disagreements and in-fighting seem likely to me.

    Lastly, this is all based on an email, and the Journal’s not been able to find any info to back it up. Chicken countin’ time is a long way off.

  • Nick 69

    Jun 12, 2009 at 10:10 AM

    Comment #21

    the only problem with this is, after the initial £30 million transfer kitty, and hopefully promotion to the premier league, will they still have enough wedge to be able to compete for players in the prem

  • newcastle29

    Jun 12, 2009 at 10:11 AM

    Comment #22


    who’s to say that Profitable group have enough funding anyway, they are a company that plays with investers money.

  • Coca Cola

    Jun 12, 2009 at 10:12 AM

    Comment #23

    I wouldnt be getting too excited. If I remember rightly Ashley is going to take the first bid that meets his GBP100m valuation. Firstly, apparantly this guy’s bid is GBP90m (plus GBP30m for transfers, and GBP30m for restructuring) which means he’s below the expected amount. Secondly, most of the reports state that he will submit his bit to Seymour Pearce in 10 days time when they are ready – that would take him totally out of the loop, as I would expect any other parties who have already done due diligence by then will have almost tied the deal up.

    Our only hope if this really is the best option, is that all of the other supposed interest falls through.

    So let’s not get too excited…

  • newcastle29

    Jun 12, 2009 at 10:14 AM

    Comment #24


    i am at apoint now where i will believe it when i see it.

    my cousin was even reported by the chronicle to be interested last year!!!!

  • hitman

    Jun 12, 2009 at 10:19 AM

    Comment #25

    these people are to late,shame like

  • Ericles

    Jun 12, 2009 at 10:20 AM

    Comment #26

    A companies check just lists a Rick Parkinson Ltd in Bury (a textile town?) but nowt else. Not him probably. Everything seems based on a press release supposedly from Rick Parkinson this morning. Just think – we are valued by Fat Ashley at just 20 million more than Real Madrid paid for that starsehole Ronaldo! His head is so far up his own backside he is beginning to resemble a seaside whelk.

  • AmSickOfThis

    Jun 12, 2009 at 10:25 AM

    Comment #27

    personally i can see this dragging on throughout the summer with a number of people being linked to buyin the club.
    whoever gets it will be too late to do much unless they are prepaired to throw alot of cash on quick transfers
    i also got a feeling buy championship kick off FFS will be back as chairmen

  • Geordiedoonsooth

    Jun 12, 2009 at 10:36 AM

    Comment #28

    To many false daw to get to excited by this & the other stories. I’ll wait until it’s announced officially that Arsely (sorry Ashley) has gone

  • sahota

    Jun 12, 2009 at 10:37 AM

    Comment #29

    We should not be getting excited to much. The way we have been linked with and played with always, I would not believe anything till someone signs the deal. Specially Mike at helm, he might sell to someone who gives him 2-3 millions extra to the best suitable person. Fingers crossed, we can just wait.

  • will die for the toon army

    Jun 12, 2009 at 10:41 AM

    Comment #30

    Guys what am scared of is that we are running out of time. Come end of June without a new owner or manager we are doomed, we will be staying in the championship for another season.

  • Chris G

    Jun 12, 2009 at 10:53 AM

    Comment #31

    Ericles // Jun 12, 2009 at 10:20 AM

    A companies check just lists a Rick Parkinson Ltd in Bury (a textile town?) but nowt else. Not him probably. Everything seems based on a press release supposedly from Rick Parkinson this morning……

    Yeah, I’ve done a bit of searching too and this bloke seems to be a complete mystery, which makes me wonder – where did Ed manage to find that photo of him?

  • stk85

    Jun 12, 2009 at 11:29 AM

    Comment #32

    why the hell is there still no manager to oversee important work whilst this goes on in the background?!!! why the hell is NUFC standing still until the sale goes through?!

    is ashley determined to wreck the club for years to come?!

  • Whumpie

    Jun 12, 2009 at 11:48 AM

    Comment #33

    Guardian thinks it’s a hoax. Does sound that way.

  • Bmore

    Jun 12, 2009 at 11:53 AM

    Comment #34

    I work in the textiles industry, for a large company in the NE of England – and I have never heard of a Rick Parkinson. None of my co workers have heard of him either, and believe my – everybody knows everybody else in this business.

    Pie in the sky I think….

  • Chris G

    Jun 12, 2009 at 12:07 PM

    Comment #35

    Whumpie & Bmore
    Yes, I think you’re both right – here’s the text of the Journal link that Whumpie posted @19:

    ‘Reports today claimed a North East businessman is planning a £150m Toon takeover.

    The claims were made in an email sent to media outlets which state that a a tycoon called Rick Parkinson has pulled together a Geordie consortium ready to make a formal offer for the Magpies.

    The 42-year-old married father-of-three, originally from Ponteland, Northumberland, is said to have made his millions in the textiles industry, but despite extensive checks it has been impossible to verify Mr Parkinson’s background.

    Efforts to trace Mr Parkinson or any members of his consortium have proven unsuccessful.

    The five members of his takeover group would each have a 20% stake in the club and are willing to pay £90m to Mike Ashley, plus £30m for transfers and the same amount again for restructuring.

    It is said the group will contact Seymour Pierce within the next 10 days, once they have prepared their business plan.

    Mr Parkinson claims the members of his consortium, all Newcastle supporters and from the North East, are worth a collective £1bn but their identities have not been revealed.’

    The bits that bothered me were:

    ‘….but despite extensive checks it has been impossible to verify Mr Parkinson’s background.’

    ‘..Efforts to trace Mr Parkinson or any members of his consortium have proven unsuccessful.’

    It doesn’t sound right to me either, and I’m still wondering where Ed got that photo from.

  • Rangerman

    Jun 12, 2009 at 12:19 PM

    Comment #36

    People getting excited about fake bids! lol.

  • bowburnmag

    Jun 12, 2009 at 12:41 PM

    Comment #37

    He’ll be in a meeting with Harris man. No wonder they can’t find him…..

  • TheDan

    Jun 12, 2009 at 1:08 PM

    Comment #38

    WOW, Oba wants to stay!
    Would you’s want him to stay?
    I know I would!

  • HarryWorth

    Jun 12, 2009 at 1:19 PM

    Comment #39…astle-takeover…eover-bid.html

    Enough said….

  • DJG

    Jun 12, 2009 at 2:02 PM

    Comment #40

    I hope FFS isnt involved for the sake of NUFC. We dont want to return to the trouser press days.


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