New Newcastle Owner Should be Identified Later This Week

There’s not too much news this morning on Newcastle, but with Derek Llambias back on Tyneside tomorrow, we have to hope for some good news before this week is out.

mike ashley with Llambias_1373228c

Ashley and Llambias – hope to identify new owner before end of week

The Northern Echo is saying there will be continued talks with the four consortia overseeing Newcastle’s books, as part of due diligence, with two apparently already having made formal bids, and perhaps more expected in the next couple of days.

The two who have bid are reported to have come in around £80M, below Mike’s £100M asking price, but a series of discussions are planned for the first half of this week to move this process ahead significantly.

The hope for the faithful Newcastle fans is that Ashley and Managing Director Derek Llambias will be able identify the preferred bidder before the end of the week.

Once that milestone is reached a lot can get done rather quickly, and the formal sale documents can be drawn up, which would effectively rule out the other three consortia in the running.

Since pre-season training starts a week come Wednesday, it would also allow that consortia to select their manager, and since we hear of nobody being talked about from the outside, we have to assume it will be Alan Shearer.

We’ve already been led to believe all four consortia want Alan in as manager.

If Alan can be announced later this week that would allow him, along with Iain Dowie and Paul Ferris, to get moving fast on transfers and arrange the pre-season training and be in place to welcome all the players who will be returning to the club.

We have to beleive the three of them have been alerted to the situation at Newcastle, and are doing some work behind the scenes, waiting for this latest soap opera initiated by Mike Ashley, to complete.

So this week could shape up to be a big week for the Newcastle club, and it needs to be since the players return for pre-season in 9 days time.  Job number one for the new owners will be to reduce the huge wage bill from £74M to £40M or less – and that will not be easy.

That’s the next hurdle as we struggle to prepare for next season in the Championship.

Comments welcome.

19 comments so far

  • belfast toon

    Jun 22, 2009 at 10:00 AM

    Comment #1


  • Toon Graeme

    Jun 22, 2009 at 10:00 AM

    Comment #2

    Have faith lads – all will come good – I got a feeling. Then again it could be wind! 🙂

  • Marty-Toon

    Jun 22, 2009 at 10:01 AM

    Comment #3

    What about pay cuts if we cannot sell te players we want to get rid of?
    The team(stabæk) that won the Tippelagaen in Norway last season are in Financial trouble and the players agreed to a pay cut 9% i think i read yesterday.
    Could this happen at Nufc or are our boys so spoiled that they wouldn`t feel that they owe the club anything?

  • belfast toon

    Jun 22, 2009 at 10:02 AM

    Comment #4

    I gota good feeling today too lads somethings going to happen ( might still be a bit drunk though)

  • Marty-Toon

    Jun 22, 2009 at 10:03 AM

    Comment #5

    Toon Graeme Lol
    I think it could be wind seein all we have been served all year is a load of S++te 🙂

  • Ericles

    Jun 22, 2009 at 10:06 AM

    Comment #6

    Fingers crossed I know but the torture cannot last forever. Gossip is that Owen is being courted by Hull. I cast no aspersions but for Owen is that not like NZogbia going to Wigan. Marvellous thing is it not – ambition?

  • shrews mag

    Jun 22, 2009 at 10:09 AM

    Comment #7

    The players taking a voluntary pay cut … it will not happen.

    This is my worry, that we cannot offload many of these high profile, high wage and low effort players. Which manager would want some of these players … Big Sam made it absolutely clear that he would not take them, and I do not think he is alone.

    Your average clubs are realising that the money that was available a little while ago through sponsorship and sky is drying up fast, and so everyone is tightening their belts (and not buying our surplus to requirements players)

    But … we have to look ahead to the new owner and hope that they have a plan, and a long term contract waiting for AS.

    With stability at the top … everything else should follow.

  • AussieToon

    Jun 22, 2009 at 10:10 AM

    Comment #8


    Thats all I have to say.

  • TonyGreenSupreme

    Jun 22, 2009 at 10:12 AM

    Comment #9

    I urge you all to read this. Whoever buys our club needs to inject a boat load of cash…………..

  • Toon Graeme

    Jun 22, 2009 at 10:15 AM

    Comment #10

    If they dont take a pay cut then I think it will be a case of get to the premiership next season or bust.

  • shrews mag

    Jun 22, 2009 at 10:26 AM

    Comment #11

    the 200% article just reinforces the view that clubs do not have the cash to buy or ‘over paid’, ‘under performing’ and ‘surplus to requirements’ players

    god help the new owner ..

  • belfast toon

    Jun 22, 2009 at 10:43 AM

    Comment #12

    I wonder is this arab story (60%of a club ) got anything to do with us

  • Zangwill_Ho

    Jun 22, 2009 at 10:44 AM

    Comment #13

    week by week, day by day, I don’t want to listen – will buy, shall buy, should be identified later anymore, please finished it as soon as possible.
    Time do not wait for someone.

  • Angryman the Angry fan

    Jun 22, 2009 at 10:47 AM

    Comment #14

    Too many false dans for me to get excited………….sorry fellas!!!

    i dont trust the incompetents at the club who got us relegated with their poor Management…….

    Oh I mean I dont trust me, and us the true fans, who dared have an opinion that Cashleys poor nmanagement would get us relegated, who actually got us relegated, silly us stardust, boater, spyro (Dragoner/dragonera/and whatever else) Sorry boys, we ddnt mean it ………..Pffffffff………

  • belfast toon

    Jun 22, 2009 at 10:57 AM

    Comment #15

    I’ve never seen news now so quiet the past couple of days it’s weird

  • belfast toon

    Jun 22, 2009 at 11:09 AM

    Comment #16

    Never mind the new owners being identified I’m still waiting on scooby doo and the gang pulling my cashlys mask of to see who he really was, I bet it’s old man witters from the amusment park

  • belfast toon

    Jun 22, 2009 at 11:27 AM

    Comment #17

    New "change kit " is out fu** me that’s stupid lookin

  • magpie6699

    Jun 22, 2009 at 11:54 AM

    Comment #18

    Funny how the papers have to give everything a negative. One is saying that AS is upset as he hoped that things would be sorted by the end of this week, but now it seems it may not be “till the end of June”!
    Errm – by my calculations, that’s only a week tomorrow – after all the crap we’ve had to put up with, I hardly think 4 days will matter!

  • chuck

    Jun 22, 2009 at 12:47 PM

    Comment #19

    According to the attachment in article 9 above the asking price is only the tip of the iceberg.
    For instance what becomes of the £100m. no interest loan from MA to the club, does anyone think for a minute it will not be included in the asking price, that plus the present wage bill, plus the loyalty bonus, etc. etc. it`s a cpa`s nightmare and no wonder MA wants out.
    Unbelievable how this present situation has come about, the Halls and FFS mut be laughing there ass`s of at how they got over on MA.
    I believe Mort saw the writing on the wall and bailed early, the rest is a shambles, what accured was the willingness of both parties MA & Llambias to gamble on the clubs survival in the PL, plus a cotinual compounding of the situation with horrendous decisions, the blind leading the blind, god what were they thinking.
    And now ? who the hell knows !


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