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.
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.