Shepherd Bidding For Newcastle With His Own Finances

Alan Shearer seems now to be hoping that the offer from Freddy Shepherd, will eventually buy the club, and Alan will be installed as manager immediately.


Alan Shearer – not much of this if he is appointed manager

This is what the local Sunday Sun is reporting today, but there is supposed to be a major rival bid for Newcastle United imminent from a foreign group, and maybe that’s the bid coming from the US, that was reported today in the News Of The World – we hope so anyway.

Shepherd has begun the exhaustive process of due diligence – going through Newcastle’s books from a full financial perspective, looking for any hidden costs in an attempt to buy out Mike Ashley.

It is also being reported that Freddy will own  the club, as he is financing it with his brother Bruce and son Kenneth. and it will be with their own finances.

Shearer is said to favor a Shepherd takeover, more than any of the other deals so far reported for the Newcastle club.

Since it is his own money we can only assume (and hope) the Newcastle club, if Shepherd is successful, will be run as a business and will be in good health for the long term.

A Newcastle source close to the discussions between Shearer and Shepherd last Tuesday in Newcastle, said Shearer is excited about the potential of Freddy buying the club.

The source said:

“Alan Shearer is very interested in what the Shepherd camp have to say.”

“He would prefer to deal with people he knows, and he knows exactly what he will get from that group.”

“Newcastle United is the football club Alan Shearer wants to manage, and that is why he has waited patiently for a breakthrough.”

“But he cannot wait forever, as the BBC will soon want to know if he is going back there.”

There are also reports that Seymour Pierce, the investment bank handling the Newcastle sale, are expecting a serious offer from new bidders in the next few days.

There are still some finances that haven’t been completed such as a still-to-be agreed-to settlement package for Kevin Keegan, details of the £5M compensation payment to Real Mallorca for  Jonas Gutierrez, and the payment arrangements on all the player purchases made in January, need to be understood in more detail.

We hope some real deals will come in for Newcastle and one of them is accepted, and as long as the new owners install Alan Shearer as manager – the club can start recovering its self respect and dignity with the faithful help of the devoted Newcastle fan-base.

Spirits will be raised on Tyneside, if only because Mike Ashley has finally left Toon, and because of the current situation, that would be an excellent first step, and will allow the Newcastle fans and the City of Newcastle to take a huge sigh of relief that the pillaging of the club may be finally over.

We hope so, anyway.

Comments welcome.

38 comments so far

  • Ashley Hole

    Jun 14, 2009 at 11:11 AM

    Comment #1

    Ash gonna make some cash….burn in hel* you mother fuc*er

  • Ashley Hole

    Jun 14, 2009 at 11:14 AM

    Comment #2

    The north-east businessman claiming to be preparing a £150million takeover of Newcastle has emerged as a Sunderland fan having some “banter”.

    A press release issued on behalf of a ‘Rick Parkinson’ on Friday morning announced he had put together a five-man consortium ready to offer Mike Ashley £90million for the club.

    It also claimed Parkinson would put £30million into restructuring the business and install Alan Shearer as manager with a £30million war-chest.

    However, it was revealed later on Friday that the club were aware of the consortium and it has now emerged that ‘Parkinson’ is in fact Richard Parker, a lifelong Sunderland fan.

    He told the Daily Mail: “It’s all friendly banter. I’m sure the majority of Magpie fans will see the funny side but I’m afraid it is something they’re going to have to put up with for a while.

    “We haven’t had a great deal to shout about in the last 16 years or so at Sunderland, but this summer has, without doubt, made up for all those years of hurt. Newcastle’s plight, as difficult as it is for their fans, is music to our ears.

    “We could easily have gone down on the final day as well, but that makes it all the funnier for Sunderland fans and nobody can really blame us for milking it for as long as we possibly can.”

  • Tom4Nufc

    Jun 14, 2009 at 11:16 AM

    Comment #3

    Am slightly concerned as to how Shepherd is going to finance the deal as he is supposedly only worth 58million! But apart from that I think it should be ok!

  • Tino 11

    Jun 14, 2009 at 11:20 AM

    Comment #4

    T4NUFC – me to, can’t imagine his sons being with more than 20 million each at most, so where’s the transfer money etc going to come from?

  • Tino 11

    Jun 14, 2009 at 11:21 AM

    Comment #5

    *son and brother*

  • Rangerman

    Jun 14, 2009 at 11:53 AM

    Comment #6

    Awful news.

    The Premiership is now a billionaires playground and we end up with someone who will struggle to raise the money to buy the club in the first place, without any thought to how we are going to finance transfers or cover the losses the club is making every year.

  • Tom

    Jun 14, 2009 at 12:09 PM

    Comment #7

    Shepherd doesn’t have the money to buy the club.

  • Tom

    Jun 14, 2009 at 12:14 PM

    Comment #8

    He has spent years saddling the club with debt as a PLC. Neither he or his family have the money to be able to buy the club and run it the way it needs to be run.

    Keep away Freddy.

  • batty

    Jun 14, 2009 at 12:25 PM

    Comment #9

    maybe freddy stashed more cash than we all thought

  • UTD111

    Jun 14, 2009 at 12:26 PM

    Comment #10

    Las Tuesday’s meeting was prob Freddy asking if he could borra the money from Sir Alan LOL

  • Alex

    Jun 14, 2009 at 12:32 PM

    Comment #11

    Its freddies fault that the club is in this position financially . Years of over the top transfer fees and wages paid out and no young players being brought through the academy . I hope one of the other groups make thier move before freddie and his family get the club or its yet more years of over spending and no silverware .

  • Solaidback

    Jun 14, 2009 at 12:34 PM

    Comment #12

    If FFS buys the club, the only way he’ll be able to give any funds will be to float it on the stock market again & get loads of money that way!!

    I hope & prey that he’s not buying it or else were going to be in worse doo doo than we are already!!

    I also hope that this supposed american who’s supposedly putting in a bid this week is Paul Allan, do-founder of Microsoft, as he’s a big sports fan & is worth approx $16billion 🙂

    If it’s not him, lets hope who ever it is has more money than Learner, Short & the Glazers put together 🙂

  • geordie deb

    Jun 14, 2009 at 1:23 PM

    Comment #13

    Worst possible news would be the Shepherds gettng their snouts back in the trough again.
    If they are scrapping together the cash to buy us, he will not have the means to finance transfers etc. Hopefully he will be outbid by someone, anyone!
    Dont forget his record, took over the chairmanship after SJH stewardship when NUFC had just finished second in the league, were in the Champions League, had a new stadium were the country’s favourite second team, where we had the same manager in post for 5yrs , we were making a profit with money in the bank and what did he achieve with that golden legacy?
    When he left we were 13th in the league, we had gone through more managers than hot dinners, we were significantly in debt to the tune of around £80-100m, we had a reputation for being the last club to play at for players way past their sell by date who were put on long expensive contracts we could not afford, he insulted and mocked the club’s fans, women from the region, made racist comments and yet some people seem to think he is worthy of coming back and doing it all again get real!

  • Bill F

    Jun 14, 2009 at 1:26 PM

    Comment #14

    Solaidback, I empathise with paragraph 3 of your comment, he would be perfect.

    I also, feel a little wary about some other American takeover as some of them have been a little shaky. Having said that they have to be more savvy than the present incumbents.

  • Shot Bru

    Jun 14, 2009 at 1:39 PM

    Comment #15

    Oh dear, things go from catastrophic to apocalyptic.

  • ArtyH

    Jun 14, 2009 at 2:17 PM

    Comment #16

    As a Newcastle fan I feel like a condemed man on death row with a choice of how to die!
    Given the choice of this lot or FFS is like being asked ” would you like to be shot or poisened”.
    Can this get any worse????

  • Nick D

    Jun 14, 2009 at 2:51 PM

    Comment #17

    Very disappointed that Shearer has allied himsef to Shepherd’s mafia and his equally bent agent of a son and crook of a brother. Shepherd put us in this position with deals like £110k a week to Owen, although I suspect the hand of Shearer was in there too.

    As a player, Shearer was way too powerful and pally with Shepherd and they undermined SBR amongst others. Shepherd called Shearer
    ”Mary Poppins ” which just illustrates the man’s 2 facedness.

    Both AS and FS have made fortunes out of newcastle and shearer is still trying by the sound of it, despite a completely unconvincing stint as manager.

    They both have massive egos which seem to go before any real genuine love for the club.
    Bring on the Americans.

  • KevinHann

    Jun 14, 2009 at 3:39 PM

    Comment #18

    Hmm yes nothing that I typed seems to be followed by the same facts.

    Go ahead with “Freddy doesn’t have the money” and “omg I hope not FFS”.

  • batty

    Jun 14, 2009 at 3:57 PM

    Comment #19

    Nick D = dirty mackem

  • Shanghaitoon

    Jun 14, 2009 at 4:15 PM

    Comment #20

    Out of the frying pan and into the fire!! Oh well… the sorry saga continues…! 🙁

  • magforlife

    Jun 14, 2009 at 4:18 PM

    Comment #21

    Just cant see this happening, Ashley keeps a tight inner sanctum and no one will know until the deal is done similar to Keegan, JFK etc which the press never got a sniff of. My money is still on a middle east bid, possibly the Omani royal family or more probably the Kuwaiti group, just cant see anyone in this country to have cash to burn.

  • JJJ

    Jun 14, 2009 at 4:26 PM

    Comment #22

    No Shepherd, no Ashley we need to start fresh and put true football people in charge with good backers…

  • JP...from The Rock

    Jun 14, 2009 at 5:07 PM

    Comment #23

    We have to look to the future not the f**king past again!!! Keegan now Shepherd. Let’s look at Shearer and some filthy rich American or whoever to save us. No one can be worse than Ashley-FACT but Shepherd is just as bad and he will screw us all over again!

  • jimiley

    Jun 14, 2009 at 6:54 PM

    Comment #24

    How the mighty have fallen. We are worth the same as one player!!!! and we were competing with Man U a few years ago.
    We are not a big club any more. We are slipping further behind the likes of Pompey, Citeee and the Mackems. The unwashed have 50 mil to spend this year but nobody wants us… FFS anybody?
    I shall not renew until MA is gone. There is faith and stupidity. MA is taking the proverbial and I will not have the …. taken out of me to put any more money in his pocket.
    5,000 in SJP may force him to sell up. But I would not bet on it. His ownership is so bad it strikes me he is doing it deliberately to punish us. He would write off a 200 mil to make us squirm. The only way to make him squirm is for him to sit in SJP with Lambias on their own paying Barton and Oba and Duff 70K a week out of his own pocket. Luv it!!!!

  • Tom_Toon

    Jun 14, 2009 at 7:40 PM

    Comment #25


  • workyticket

    Jun 15, 2009 at 12:37 AM

    Comment #26

    I can’t believe that Shearer would let himself be tempted by the great Geordie Satan. It’s just too awful to contemplate.

  • workyticket

    Jun 15, 2009 at 12:38 AM

    Comment #27

    batty luvs Fat Freddy!


    Jun 15, 2009 at 6:54 AM

    Comment #28

    If FFFS comes back, I’m going to make a banner:

    “Geordie mafia Out”

    What a topsy turvy world this is.

  • Nick D

    Jun 15, 2009 at 7:06 AM

    Comment #29

    so original batty

  • newcastle29

    Jun 15, 2009 at 8:25 AM

    Comment #30

    americans are now said to be favourates and player sales have been put on hold.–to-take-over-newcastle-1705349.html

  • ian

    Jun 15, 2009 at 8:38 AM

    Comment #31

    I do not see the downside with Freddy Shepherd and his family owning the club, before it was Halls who were the major shareholders and made the decisions, ie sack Robson, sell to Ashley and so on.

    Freddy Shepherd will not rip himself off there is no benefit in that!!

    If the Shepherd family buy us, get us up then float us again and make some money then fair enough, Shepherd will want to stay he loves the club, the Americans if they bid will try and get us up, float the club then do off.

    Why people think that interested parties are struggling to scrape the money together I do not know, is it not a sign that Ashley is asking too high a price considering the lack of interest in a club which has the third highest gate numbers in the premiership?

    The club is probably worth £50-£60m max plus the player contract liabilities and that is it, if it was on the market for the right price there would be a lot of interest.

    The Shepherd family will be trying to pick the club up at a sensible price not paying almost double its worth. If they cannot get back up then the club will never repay the investment they have made, that is not acceptable, no-one knows if any of the championship clubs will be bought by a rich person and bank rolled in to the premiership, it could happen at anytime with any of the clubs and the likes of Newcastle would get nowhere.

  • Tom_Toon

    Jun 15, 2009 at 12:03 PM

    Comment #32


  • Tom_Toon

    Jun 15, 2009 at 12:04 PM

    Comment #33


  • Stardust

    Jun 15, 2009 at 12:09 PM

    Comment #34


    “The club is probably worth £50-£60m max plus the player contract liabilities and that is it, if it was on the market for the right price there would be a lot of interest”

    Market forces dictate the price, this is a combination of in laymans terms and the “want premium” and “potential return”, thereon the due diligence process simply is a means to establishing whether the true picture in its entirety has been given in the financial overview of the prospectus.

    How a you can come on a blog “Announce the Real Worth as 50-60m” without knowing either the financial information and/or factoring in the “want premium” without knowing who the interested parties are astounds me.

    Market forces dictate value – thats it.

  • CJ

    Jun 15, 2009 at 12:23 PM

    Comment #35

    Solaidback raises an interesting one with Microsoft. Their name came up in September and Michael Dell’s name came up in August.
    Microsoft and Dell as consortium. Hmmmmm.
    Not sure how much they now of soccer though and Texas and Seattle are not exactly on direct routes to the TOON

  • AndyT

    Jun 15, 2009 at 3:49 PM

    Comment #36

    Stardust is just always such a douche.

  • ian

    Jun 15, 2009 at 5:29 PM

    Comment #37

    ‘Market forces dictate the price, this is a combination of in laymans terms and the “want premium” and “potential return”, thereon the due diligence process simply is a means to establishing whether the true picture in its entirety has been given in the financial overview of the prospectus.

    How a you can come on a blog “Announce the Real Worth as 50-60m” without knowing either the financial information and/or factoring in the “want premium” without knowing who the interested parties are astounds me.

    Market forces dictate value – thats it.’

    Exactly my point if something is too expensive there is little interest, where is all of the interest in Newcastle?

    I think the Shepherds will have put ina price around its true worth, which will be no more than £90m including the liabilities of the premiership player contracts.

  • Stardust

    Jun 15, 2009 at 6:27 PM

    Comment #38

    Ian – If FFS’s bid is the highest he will win, all MA needs is two bidders with the ability and want to take the bid higher.

    I dont expect FFS to be victorious – but if he is (and I would be as gutted as you would be happy) thats because the market has dictated it.

    I dont think the price can be talked down at the mo – despite what FFS would prefer.

    But I will take it, from our conversations on here – that you information will be bang on with regard to FF – no one better placed to give it 😉


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