New Newcastle Buyers Appear To Be Very Close


It’s the news we all wanted to hear, and the Newcastle Journal broke the news this morning that it’s more than likely that Alan Shearer will be installed as the permanent manager, and possibly this week.

freddy-shepherd1

Freddy Shepherd – new owner at Newcastle?

Kevin Llambias was quoted today as saying the due diligence can only start tomorrow on the Newcastle books, and we understand that at least two potential buyers are ready to do that, with one of them led by former Chairman Freddy Shepherd.

We have no idea who the other bidder is, and we’d doubt if it was the one from Oman and involving the Sultan, or the Profitable Group, who have yet to prove they have the money to buy the Tyneside club.

But maybe the other bidder is the American consortium there were growing rumors over yesterday. That’s certainly a possibility and a number of rumors on this site suggest that even Microsoft could be involved, but that’s probably a stretch.

But in any case it seems there are two at least, and the announcement maybe this Thursday. That announcement is described as a big announcement for the club by Derek Llambias so it may even involve the new owners as well as Alan.

It could potentially be that an initial deal has been agreed to – pending the completion of due diligence, and if that happens and it’s Freddy Shepherd, that would be an enormous coup for Shepherd, the lad born and bred in Byker. That’s right next to St. Anthony’s estate, along the River Tyne,  where I was brought up – and my mother used to always tell by brother and I it was the posh estate between Walker and Byker – right!

Newcastle are officially opening their books for due diligence and it looks they have some real interest at the know-down price of around £100M, and when the owners are appointed, it will be interesting to see the plans they have for the club.

That announcement may not be this week, but the sooner the better, since Shearer will need to know what his transfer budget and wage budget is for the coming season.

And the very fact that Llambias saying it is up to the new owners to appoint Alan, also suggests there may be  a buyer, that has already agreed terms with Ashley.

But as we know, nothing is ever easy at the Newcastle club, we would not hold our breath about the Thursday announcement, but what we would hope for is that the local papers are able to find out more about the consortia that seem closest to making the deal.

But this has to be good news, amid the last 3 weeks where’ there’s been a distinct lack of any good news about the Tyneside club.

Just the usual ridicule from the popular  press, but once Alan is installed we would expect a lot of that to stop – but those are famous last words, and we’ll just have to wait and see.

But Alan will put a local charismatic face on the Newcastle club, there’s little doubt about that.

Comments welcome.



You can share this articleShare on FacebookShare on Google+Tweet about this on TwitterEmail this to someonePin on PinterestDigg thisShare on LinkedInShare on RedditShare on Tumblr

90 comments so far

  • cooldj

    Jun 16, 2009 at 12:20 PM

    Comment #1

    1st 🙂

    0
  • stevep

    Jun 16, 2009 at 12:21 PM

    Comment #2

    Freddy Sheppard – well it’ll def be sh!t or bust with him at the helm, I just hope it isn’t bust!!

    0
  • bowburnmag

    Jun 16, 2009 at 12:23 PM

    Comment #3

    Wasn’t there a deadline by which buyers had to prove they had the wonga? Anybody know what it was?

    0
  • tooneskimo

    Jun 16, 2009 at 12:34 PM

    Comment #4

    If Ashley felt he’d been screwed by Shepherd why would he sell it back to him???

    0
  • Hugh Jorgan

    Jun 16, 2009 at 12:35 PM

    Comment #5

    Is this a glimmer of good news at long last ?
    http://francis-rossi.mybrute.com

    0
  • ObaFan2

    Jun 16, 2009 at 12:36 PM

    Comment #6

    Today BB as far as I’m aware with the club finance details available for view from tomorrow.

    0
  • bowburnmag

    Jun 16, 2009 at 12:40 PM

    Comment #7

    OF2 – Ta! Aye, looks like it could be today or early tomorrow depending on when the ‘deal room’ finally opens up.

    0
  • ObaFan2

    Jun 16, 2009 at 12:43 PM

    Comment #8

    Wonder how many kids at school will crack the code for the “deal room” ha ha ha.

    I just hope there’s still stuff going on behind the scenes ready for the start of training at the start of July.

    0
  • Toonmania

    Jun 16, 2009 at 12:44 PM

    Comment #9

    Tomorrow i think is the deadline, but maybe the deals already done, and lets hope it’s the americans with microsoft on board as bill gates has got more money than well most of the arabs put together 🙂

    0
  • tooneskimo

    Jun 16, 2009 at 12:45 PM

    Comment #10

    Yes…
    Bill Gates!!!!!

    0
  • toonsy

    Jun 16, 2009 at 12:47 PM

    Comment #11

    Anybody got any ideas on this “deal room”? I reckon it sounds like some seedy online poker room, and it may be set up like that, with the bidders sitting at the table etc lol.

    Sorry, just trying to amuse myself! I’ll get my coat 😀

    0
  • Doocey

    Jun 16, 2009 at 12:47 PM

    Comment #12

    I really don’t want Freddy Shepard back – Please do not buy Newcastle.

    0
  • stafford

    Jun 16, 2009 at 12:49 PM

    Comment #13

    Lets hope for a money man that wants to give KEEGAN, yes KEEGAN loads of cash to spend!

    0
  • HarryWorth

    Jun 16, 2009 at 12:52 PM

    Comment #14

    Bill Gates… LOL.

    Dream on, no doubt this rumour as started by a smelly unwashed mackem as well.

    0
  • KevinHann

    Jun 16, 2009 at 12:52 PM

    Comment #15

    “Kevin Llambias was quoted today as saying the due diligence can only start tomorrow on the Newcastle books, and we understand that at least two potential buyers are ready to do that, with one of them led by former Chairman Freddy Shepherd.”

    Ed, how can you repeatedly do the same mistake? It just slipped while beating the keyboard, eh, that name? Kevin and Derek – so close, easy to mistake. After all they both got 5 letters.

    0
  • Tel

    Jun 16, 2009 at 12:52 PM

    Comment #16

    Dont want keekgan back, he has left us twice now, second time with dire consequences, and has on ongoing litigation against the club he professes to love. In case it hadnt escaped you it was Ashley, Wise and lambias who forced him out, so sue them not the club.

    0
  • stevep

    Jun 16, 2009 at 12:53 PM

    Comment #17

    @stafford – no chance, the only they’ll give KK is whatever the courts decide – we surely can’t go back down that road.
    Just how many times are we going to let him walk out, regardless of whats going on you can’t just keep walking away everytime a decision you don’t like is made!

    0
  • Tel

    Jun 16, 2009 at 12:54 PM

    Comment #18

    oops *keegan*

    0
  • simon376@work

    Jun 16, 2009 at 12:56 PM

    Comment #19

    Lets just hope whoever it is sets everything up with people who have an idea of how a football club should be run.

    Ashley must have some business sense as he made over a billion through his other companies, but when it came to football as he admits, he doesn’t have a clue.

    Let’s face it, football ownership and cost has changed now, the game hasn’t but ownership has. You are not going to make a profit out of running a football club, unless you maybe float it as a PLC. Even then, a loss could still be made.

    We need either a owner who will try and run things as a club should be and who will invest what is reasonable after taking advice or a multi billionaire who will treat it as his toy, but want to keep it long term. I really prefer the first one, but I think the two options are all that a club can hope for if it’s aiming for the top flight and wanting to stay there.

    0
  • cicero

    Jun 16, 2009 at 12:58 PM

    Comment #20

    Apparently the “deal room” is a on-line facility that has been set up so the potential buyers can review all financial aspects of the club. Once proof of funds have been verified Semore Pierce will issue a password allowing the bidders access. Once the bidders have reviewed the financial state of the club they will put in their formal offer. 1st one to £100m gets NUFC.

    0
  • sahota

    Jun 16, 2009 at 1:00 PM

    Comment #21

    I hope we listen something before end of week, as otherwise it will drag next week also. The earlier the better.

    0
  • ObaFan2

    Jun 16, 2009 at 1:00 PM

    Comment #22

    simon376@work, IMO we need someone like Randy Lerner who seems to be running Villa in a very professional manner.

    0
  • TERRYHIBBETONTHEWING

    Jun 16, 2009 at 1:01 PM

    Comment #23

    ED-I feel a chorus of “HALLELUJAH JOHN TUDOR,JOHN TUDOR coming on,but don’t want to get too carried away.Let’s hope it is a case of phoenix rising.HOWAY THE LADS!!!!!!!!!!.

    0
  • ObaFan2

    Jun 16, 2009 at 1:04 PM

    Comment #24

    TUDOR, TUDOR…. those were the days 🙂

    0
  • Tel

    Jun 16, 2009 at 1:06 PM

    Comment #25

    Whoever wins through and whoever is appointed manager dont we owe it the club,and ourselves to give them some time to sort things out instead of getting on there backs after 2 or 3 bad results, surely its a chance to bring stability and eventually success. Hound them out and it will be another sorry chapter, with more mickey taking from the mackems and london press.

    0
  • TERRYHIBBETONTHEWING

    Jun 16, 2009 at 1:06 PM

    Comment #26

    ObaFan2
    My hair was dark in those days…..it’s still there though!!!!!!!!!!.

    0
  • Spitfire

    Jun 16, 2009 at 1:07 PM

    Comment #27

    When you think about it £100m is a very good deal. Look at these players . (I have undervalued each one)
    Steve Harper £3m
    Fabricio Coloccini £4m
    Jose Enrique £3m
    Kevin Nolan £2m
    Danny Guthrie £2m
    Oba Martins £5m
    Damien Duff £3m
    Sebastien Bassong £4m
    Ryan Taylor £1m
    Jonas Gutierrez £3m
    Geremi £1m
    Habib Beye £3m
    Nicky Butt £1m
    Shola Ameobi £1M
    Steven Taylor £3m
    Andy Carroll £1m
    £8m due in from Given sale
    Value : in excess of £48m. That means whoever buys the club is actually getting it for £52m

    Yes I know there are running costs and transfer funds etc. But in terms of capital investment it seems to me to be a really good opportunity for someone. I wish I could form a consortium…..

    0
  • Tel

    Jun 16, 2009 at 1:08 PM

    Comment #28

    Tudor just before my time, how about alan shoulder, john brownlie and even na na na na hey hey zico martin?

    0
  • toptoon

    Jun 16, 2009 at 1:09 PM

    Comment #29

    i agree with you harryworth, nee chance it’s bill gates!! some dirty mackum is havin a right laf!!
    i wonder if the ‘due dilligance’ will show a loan (with intrest) to Mike ashley for 240 million for the money he ‘ploud into the club’
    i just wouldnt get your hopes up. i bet anyone who buys us over, thinks there getting us on the cheap for 100 million, then comes the ‘due dillegance with 240 million in there for fat cat ash

    0
  • ObaFan2

    Jun 16, 2009 at 1:09 PM

    Comment #30

    TERRYHIBBETONTHEWING 🙂 snap… lucky us

    0
  • ObaFan2

    Jun 16, 2009 at 1:10 PM

    Comment #31

    toptoon, I hope it’s not so but the loan would be for £140 million ish not 240.

    0
  • RyanToon

    Jun 16, 2009 at 1:19 PM

    Comment #32

    HELLO..my fellow toons! i think this week is gonna be exciting 😉

    SHEARERRRRRRRRRRRRR

    0
  • ObaFan2

    Jun 16, 2009 at 1:21 PM

    Comment #33

    Spitfire, I’m sure I seen in the last 6 months or so our squad valued around the £70-80 million mark.

    £100 million for SJP, the squad and all facilities seems to be good value for money. On top of that is the image (took a bit of a hit recently) and merchandising etc.

    0
  • Ericles

    Jun 16, 2009 at 1:22 PM

    Comment #34

    In some other good old days the St James Park grounds man did not need a mower when Ivor Allchurch was doing his daisy-cutter passes. I saw Joe Harvey play twice. Not bad for a bloke on 60 fags a day (he was manager then).

    0
  • toptoon

    Jun 16, 2009 at 1:27 PM

    Comment #35

    ObaFan2. ahhh ok… just hope it dont put the right person off…. its like paying 100 pound to go on a boat trip, then when ya half way out at sea, they want anotha 140 quid to take ya back. I can see these cronies (ash and del boy) being stupid enough not to mention this to potential investors at the bidding stage.
    hate being a pesamist, but im not getting my hopes up

    0
  • ObaFan2

    Jun 16, 2009 at 1:29 PM

    Comment #36

    toptoon, well I’m not holding my breathe!

    Will believe it when I see it for myself.

    0
  • stafford

    Jun 16, 2009 at 1:31 PM

    Comment #37

    Did Keegan walk or was he pushed! If you got saked from your company would you take your boss or your company to court? The Keegan thing will all come out in time!
    I will back Shearer but I have seen nothing so far that gives me hope, he couldnt even motivate his best mate!
    As for the local press calling for him, rumour has it that it is him that has been asking the press to do that!

    0
  • RyanToon

    Jun 16, 2009 at 1:31 PM

    Comment #38

    http://www.shieldsgazette.com/sport/Man-United-striker-is-Toon.5369257.jp

    dont rate him at all, very overated as his a man united player

    0
  • ObaFan2

    Jun 16, 2009 at 1:36 PM

    Comment #39

    Funny how the

    “interested in a possible move to St James’s Park, despite United’s drop into the Championship”

    keeps popping up in the press. we’ll just have to see I suppose on the type and class of player NUFC can attract when the transfers begin to happen.

    0
  • lesh

    Jun 16, 2009 at 1:40 PM

    Comment #40

You must log in to post a comment.