Shepherd Thinks Potential Deal Is 50-50


A little more news on the report earlier this morning, that Freddy Shepherd is ready to bid £60M for Newcastle.

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Freddy Shepherd – fronting local consortium

Presumably the race is between an American consortium and the consortium fronted by Freddy Shepherd.

And a source close to Freddy told the Daily Star:

“There are two serious parties interested in buying the club and Freddy is one of them,’’ “At the moment, it’s 50-50 but Freddy is cautiously optimistic.”

“He’s upset at what’s happened to Newcastle and will do everything he can to get the club back on its feet again. It’s nonsense to suggest Mike Ashley won’t sell to Shepherd.”

“That is not a hurdle in itself though obviously a deal like this isn’t clear-cut and can take time.’’

Keith Harris was reported to be in America over the weekend, presumably meeting with the American consortium.  And Freddy Shepherd of course has been more than critical of the running of the club by Mike Ashley over the last two years.

On the other hand Ashley and others have blamed Freddy for the financial mess the club was in, and still is it would appear, after they had assumed control of the club.

Shepherd’s possible return will be good news for Alan Shearer, who will be appointed permanent manager under Shepherd. It’s not completely clear if this will be the case if the American consortium, whoever they are, assumes control of the club.

The Newcastle squad return for pre-season training tomorrow with Shearer still out in the cold after over five weeks of extreme inactivity at the Tyneside club, although 5 pre-season friendlies have been arranged.

Chris Hughton and Colin Calderwood will be in charge of the first team squad until the sale is sorted out, but we are afraid this could still take some time.

Time the club doesn’t have, if they are to prepare properly for next season, by buying and selling players. That’s hard to do without an owner and manager at the club.

Freddy Shepherd and Alan Shepherd of course see eye to eye on most things having both been born and bred on Tyneside, and lifelong Newcastle supporters.

And we think they would very quickly move the club forward in the short term, if Freddy did gain control of the club.

It is thought the consortium backing Freddy is made up of local investors and of course Freddy got £37M from the sale of his Newcastle shares two years ago, and some of his money will be used to buy Newcastle.

But it’s looking like Mike will not even get the full £100M he’s asking for.

Comments welcome.



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41 comments so far

  • Geordiedoonsooth

    Jun 30, 2009 at 9:23 AM

    Comment #1

    I suppose FFS would be better than the southern idiot & his cronies

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  • BenjiToon

    Jun 30, 2009 at 9:30 AM

    Comment #2

    Hey, here’s a thought: is Shepherd leaking this himself? Testing out the water, to see if there’s a negative fan reaction before any potential deal goes through? Or maybe to force Ashley’s hand, stating £60m (as if it has been accepted) so that the other consotium bids similar and then he quickly outbids them with £80m?

    Or maybe I’m crediting the man with too much intelligence…

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  • Stuart79

    Jun 30, 2009 at 9:31 AM

    Comment #3

    Surely Seymour Pierce would recommend the most suitable group to buy the club.

    The most suitable group must surely be the yanks, they must have more money to invest that FFS unless it’s a certain Bernie Madoff!

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  • THE MAGPIE

    Jun 30, 2009 at 9:32 AM

    Comment #4

    Freddy Sheppard back-thats like Peter Ridsdale been re-appointed at Leeds.
    He has no money+he is a terrible negotiator+he is financially incompetent.

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  • Timmers

    Jun 30, 2009 at 9:40 AM

    Comment #5

    I think we all knew the “sale” wouldnt be completed by the end of the month. I think this is prob Shepherd putting pressure on Ashley so he can say “well i offered but Ashley refused” Its disconcerting that if true he can only raise 60 million. Thats with a consortium! That is my worry i do not know of a successful club owned by a consortium (poss Arsenal don’t know if they call it that) Esp if Shepherd is the lead, it will be more in-fighting.
    Also when “due dilligence” has been mentioned before its the buyer in the process of looking at the books to complete it as in Man City, Chel,ManU,Liver etc etc. But with us there allowing interested parties to go through it without a formal bid and i’m sure and the end of the week we will still have no buyer.
    I hope this is not the case but it looks that way, as at this time doesnt matter if Ashley said 60 mill no1 wants to buy a football club not in the prem or at least to have to spend more.

    Negative rant over sigh where are you Bill Gates he supports charitys right?!!?

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  • Eaststander

    Jun 30, 2009 at 9:41 AM

    Comment #6

    I thought that it was common knowledge that they were not allowed to release any info on the fact that they were in the process of buying the club. This has always been a fact when the cock has put us up for sale. I think that this is all another wind up. The Americans will get us. Freddy might be trying but I dont think so.

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  • Stuart79

    Jun 30, 2009 at 9:42 AM

    Comment #7

    Northern Echo reckon that Ashley is confident that a positive outcome will be reached in the sale of the club by the end of the week.

    Hughton said he’s been told that things are progressing.

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  • BenjiToon

    Jun 30, 2009 at 9:42 AM

    Comment #8

    MAGPIE – take out the first bit and that describes Ashely too.

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  • BenjiToon

    Jun 30, 2009 at 9:47 AM

    Comment #9

    Stuart – Echo source? Mmm…

    Hughton’s comments in the Journal are interesting on timing of a sale. He says he doesn’t know more than anyone else but then he says it could be “3 days, a week, or…” It’s the 3 days bit that’s intruiging.

    That’s an odd number to pluck out of the air. Most people would say “a day, a week, or…” He also says he thinks things are progressing and he’s only there temporarily, before saying Shearer was great to work with and had an “aura” about him.

    I wonder if things might change by Friday, just in time for the international players to return…and be flogged off?

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  • Pons Aelius

    Jun 30, 2009 at 9:50 AM

    Comment #10

    I think that Ashley wouldn’t care who he sells to. I work close to St James Park and often chat to people who work in and around that ground and the overall impression I get is that Ashley has washed his hands of the club. He’ll just be waiting to see who bids the most and will accept that.

    As for FFS, I really don’t know what to think. I hold Shepherd’s regime responsible for getting us in the financial position we were in that caused MA to take over in the first place. At the same time FFS represents local businessmen who will have an interest in investing in the squad and the clubs future. When you hear players talk about Shepherd they often cite his influence in selling the club to them. It might turn out to be a logical step.

    I really don’t know!

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  • Nick D

    Jun 30, 2009 at 9:51 AM

    Comment #11

    I was never happy with the relationship between Shepherd and Shearer. I think it allowed shearer far too much power as a player and Shepherd indulged him into becoming bigger than the club. Whether you like it or not, this would never have happened at somewhere like ManU.

    Why Shearer is so thick with Shepherd is a mystery having been called Mary Poppins.
    I guess the highest earner clause stipulated by Shepherd for Shearer smoothed things over, but just shows how 2 faced an individual Shepherd is when he should have been supporting the mangers, not the captain behind the manager’s backs.

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  • BenjiToon

    Jun 30, 2009 at 9:54 AM

    Comment #12

    Where do you work Pons? Is it Charlies Chinese Buffet, or whatever they call it these days? Or maybe that coffee shop, American Bean, or something? Or Subway?

    In fact, do you work anywhere that sells food? Its been ages since I had my breakfast.

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  • UTD111

    Jun 30, 2009 at 9:56 AM

    Comment #13

    Well Freddy already outwitted the fat cockney once when he sold him the club……

    Maybe he can get one over on him again….I believe the conversation would go summat like “well mikey boy, it might look like £60M to you, but its actually $100m (US)……so you get the 100M and can walk away with yer head held high……..”

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  • BenjiToon

    Jun 30, 2009 at 9:57 AM

    Comment #14

    Nick – all true, and mostly I agree. Except that Shearer was (and is again) the popular link that connects the club to the fans. Shepherd is greedy and a lot of other words in the dictionary (see other thread), but he also knows that we love our icons and they buy you time and support as chairman. Not indefinitely mind, but often enough.

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  • Pons Aelius

    Jun 30, 2009 at 9:59 AM

    Comment #15

    Benjitoon – lol no mate! I’m training in the new Time Central building. I just pop over the road to Fluid for my scran!

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  • Stuart79

    Jun 30, 2009 at 10:00 AM

    Comment #16

    I wonder FFS does come back that will mean the return of Anal Oliver to the Chronicle?

    He was good friends of FFS and never slagged him off!

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  • BenjiToon

    Jun 30, 2009 at 10:01 AM

    Comment #17

    Interesting comment on NUFC.com:

    Let’s get Freddy to rumble….?

    The BBC reported that a consortium were in “advanced talks over a £60m takeover” of the club via TV & online news updates on Monday, naming Freddy Shepherd as the lead figure and Alan Shearer as preferred manager.

    We’re unsure whether the beeb have got the inside track on this, or have reacted to the latest in a series of whispers that are doing the rounds on Tyneside.

    The price quoted seems ridiculous – has our stock really fallen that far? – but the story seems to have gathered pace after reported sightings of Shepherd and Shearer at the old La Sagesse school in Jesmond, recently bought by the former Chairman.

    The return of Shepherd would surely be another backwards step with more embarrassing “Geordie Nation” utterances, exclusive interviews to Jim White on Sky, the return of Douggie Hall and the Gibraltar office, transfer dealings with Willie McKay and Paul Stretford, family members on the board and local car dealer hangers-on back in the Director’s Box.

    Mike Ashley & Co have been an unmitigated disaster but have we really been beaten into submission to the extent that the man who bought Albert Luque and Michael Owen (Graeme Souness insists he was a bystander in both deals) can walk straight back in?

    And we haven’t even mentioned Toongate….

    This club has been without competent management at all levels for decades and that needs to change. Now.

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  • BenjiToon

    Jun 30, 2009 at 10:03 AM

    Comment #18

    Pons – damn! Thought I might get a free chow main/panini/sub/similar. Have to make do with a packet of chocolate bourbons.

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  • shear-class

    Jun 30, 2009 at 10:03 AM

    Comment #19

    Stuart79 I remember kinnear saying how well the sale was going were all still F****** waiting

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  • UTD111

    Jun 30, 2009 at 10:05 AM

    Comment #20

    I like that headline “lets get Freddy to Rumble”…

    Had visions of the fat boy being pushed down westgate hill to see if he made a noise LOL

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  • sirjasontoon

    Jun 30, 2009 at 10:11 AM

    Comment #21

    What happened to the 4 investors..?
    Now it’s two…I have a feeling Mike is going to pull the same stunt again and take the club back off the market….just as the transfer window closes so he won’t have to spend no coin 🙂

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  • batty

    Jun 30, 2009 at 10:14 AM

    Comment #22

    nick d well we arnt the same as man u fans are we and would it realy hurt you m8 if some 1 called u mary poppins

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  • batty

    Jun 30, 2009 at 10:16 AM

    Comment #23

    and as for the debt 60 mill was for 1 of thr stands was it not and can any 1 remmember what our ground was like before the halls took over because i can

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  • bill

    Jun 30, 2009 at 10:20 AM

    Comment #24

    The stock has fallen because of the debt that still has to be paid off. MA gave NUFC an interest free loan which will have to be paid back – I assume.

    This loan is about £100M or so, according to the press and other sources. So the price will be about £160M in total. No doubt there are other debts to be included as well.

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  • ToonRich

    Jun 30, 2009 at 10:26 AM

    Comment #25

    Have I missed something…where does it state that FFS is heading a ‘local’ consortium? Is it not possible that he has investors from the US backing him in a bid?!! That would make just as much sense, as to why Seymour are dealing in the US, and close to a deal!

    Just another spin on rumours for ya!! 😉

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  • Rodzilla

    Jun 30, 2009 at 10:29 AM

    Comment #26

    I’m suspicious about this FFS consortium having access to enough cash to be able to give us what we deserve as long-suffering fans – incidentally the ‘something’ we all thought MA was going/supposed to do when he bought us as a billionaire.

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  • Rodzilla

    Jun 30, 2009 at 10:30 AM

    Comment #27

    ToonRich, that’s what I was thinking mate. He was INITIALLY supposed to have overseas backing I seem to remember (?)

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  • UTD111

    Jun 30, 2009 at 10:38 AM

    Comment #28

    My mate who drinks in the Millstone in South Gossy says Freddie Shepherd was seen recently going into the old La Sagesse school in jesmond accompanied by a bloke who kept talking about oil and camels – and seemed to have a towel on his heed. So it must have been either an arab or mad Duggy Hall.
    Just remember – you heard it first here……

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  • sirjasontoon

    Jun 30, 2009 at 10:43 AM

    Comment #29

    A local consortium will be a bad move…I would be disappointed if we are bought by locals with little financial clout.

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  • Nick D

    Jun 30, 2009 at 11:44 AM

    Comment #30

    Batty I don’t know where you get this gift from to totally overlook the point time and again. It beggars belief.

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  • monkeymagic

    Jun 30, 2009 at 11:55 AM

    Comment #31

    funnily enough…

    ‘a source close to monkeymagic’ was quoted as saying:

    ‘the daily star talks a load of spondoolie’

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  • Sav

    Jun 30, 2009 at 12:18 PM

    Comment #32

    Freddy Shepherd – great! Fantastic!

    (I reckon we should act ecstatic about this because it seems if Ashley reckons he can pour any more salt and scorn on us, he will. And this would be surely the final straw.)

    I really think we will deserve the ‘laughing stock’ tag if fans have had to endure two bloody awful years of The Ashley Disaster, only to be brought full circle and see the club handed back to FFS. And just when there was a prospect of someone with a bit of common sense and personal dignity about them taking over.

    Its like a nightmare you can’t wake up from.

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  • batty

    Jun 30, 2009 at 12:34 PM

    Comment #33

    Nick D // Jun 30, 2009 at 11:44 AM

    Batty I don’t know where you get this gift from to totally overlook the point time and again. It beggars belief
    <<<<< what point

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  • Chris G

    Jun 30, 2009 at 12:46 PM

    Comment #34

    ‘…Is it not possible that he has investors from the US backing him in a bid?!! ‘

    Very possible, I’d say, but I’ve got a feeling it isn’t Philip Anschutz

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  • UTD111

    Jun 30, 2009 at 12:56 PM

    Comment #35

    The chronice has just rubbished this story…..

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  • UTD111

    Jun 30, 2009 at 12:59 PM

    Comment #36

    Lee Ryder – Today’s Evening Comical:

    “Meanwhile, morning reports of a £60m bid by former chairman Freddy Shepherd have been played down by a source close to the Geordie businessman.

    The Chronicle understands that no bid has been made by Shepherd although there could be movement on this front later in the week.

    It is also believed that Shepherd’s interest in the club is personal rather than him spearheading a bid by a consortium.”

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  • Timmers

    Jun 30, 2009 at 1:16 PM

    Comment #37

    News by the end of the week what utter bollocks. Deal done by the end of the month, oh thats today 5 weeks after relegation and no word from even Seymour Pierce unlike last time when Keith Harris would pop up with updates.

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  • Rangerman

    Jun 30, 2009 at 2:56 PM

    Comment #38

    Well Freddy already outwitted the fat cockney once when he sold him the club……

    …..

    How did he outwit him exactly?

    I seem to remember Shepherd claiming he was forced to sell the club because he was too ill to fight the takeover?

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  • Solaidback

    Jun 30, 2009 at 3:10 PM

    Comment #39

    I’m sick to death now hearing all these bloody stupid rumours being put about that FFS is planning a £60m bid for the TOON, get a life won’t you, why would Ashley accept a bod of £60m when he stated in the official site, that the club would be sold for £100m, I mean, he’s losing out on £144m by selling for the £100m, so why would he lose out on yet another £40m & give the club away to the person he brought it off, I know he’s useless as a business man, but I doubt in these financial times, he’d throw away another £40m just to get rid, the guys is drowning in his own stupidity & has already lost £1b in 2 years, so the £100m is I think the lowest he will go, whether that be sell for £80m now & another £20m in 12 months, who know, no one, it’s all speculation & it doesn’t help with every fan coming up with another rumour about Ashley, FFS & Shearer, let it be, just hod yer hosses & we’ll all find out soon enough……

    Btw, all potentail buyers have signed a non-disclosure agreement, which if they break will result in them having there bid removed, so I doubt if FFS has bid, he wouldn’t be telling the crap-loids now would he… for god sake, think about it before posting, we look like the laughing stock of the footballing world as it is, try not make us look any more worse yeah!!!!

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  • bill

    Jun 30, 2009 at 3:11 PM

    Comment #40

    The only ones outwitted by all of this rubbish is the fans, over and over again.

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