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