Barry Moat Bids £100M For Newcastle United Club


There seems to be more truth to the news that local businessman Barry Moat has bid £100M for the Newcastle Club

barry moat

Barry Moat with Derek LLambias

Further to out story earlier this morning, both the BBC and now the local  Evening Chronicle today are reporting that Barry is locked in talks with Mike Ashley in London, and a deal could possibly be worked out as early as Saturday.

The Chronicle last night had played down the deal, but is now reporting a deal could be imminent, so it’s all a little confusing.

Of course Barry is a good acquaintance of Alan Shearer and will bring Alan in to manage the club if he can secure the deal.

It is thought that Barry is putting £50M of his own money into the club and has secured a £50M loan, presumably from backers in the US, to meet Mike’s asking price.

Exactly what that leaves over for new players is a concern, but where’s there’s a will there’s a way, and if he can get the club from Ashley, install Shearer quickly as the new manager, then that has to be good news for Newcastle fans.

Reports are claiming that negotiations are continuing today in London, with the process of due diligence having already been completed.

Mr Moat’s secretary has told the Evening Chronicle today at Lugano Property Group headquarters in Melbourne Street, Newcastle, that  he was unavailable for comment because he was in London.

The Chronicle itself is trying to work out how much truth there is in the story, since the club had told them not to put too much credence into the bid yesterday.

But that may be changing it seems.

Moat has significant property holdings and a development portfolio, and he is a director of several telecoms companies offering cheap internet-based call services.

Mr Moat has previously invested substantial sums of cash into the club’s academy. At the time Barry said:

“As a lifelong Newcastle fan, I am delighted to support the club’s new initiatives of investing in the academy and enabling more young fans in the region to see their heroes play.”

“It’s vital for a club like Newcastle to make sure it recruits the best young footballers at an early age and encourages them to develop their full potential.”

Mr Moat, founder and director of workplace retail giant Premier Direct, renewed his executive box at the club for five seasons in 2008.

He was also a lead member of the committee who organized Alan Shearer’s testimonial.

Barry has been in Ashley’s company on many occasions, including the trip to the Stadium of Light to watch the derby match against Sunderland.

The Chronicle is reporting that he paid £20M in 2007, for the 2,500 acre Dissington Estate, near Ponteland, Northumberland – a huge swathe of land that borders Darras Hall, where Alan Shearer and a number of wealthy Tynesiders live.

Mr Moat lives in Jesmond, Newcastle and quite close to former chairman Freddy Shepherd, and very close to where my wife and I stayed when we visited my wife’s sister a few weeks back.

We don’t know if this story is true, but we’ll be praying it is – starting right now – that Barry Moat can indeed secure the club from Mike Ashley.

That has to be great news for the club, the City of Newcastle, the faithful Newcastle fans and the Newcastle players too. Apart from Joey Barton that is. 😀

Let’s hope and pray this news is true!

Maybe there is a Santa Claus after all, and would you believe he lives in Newcastle?

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

89 comments so far

  • magforlife

    Aug 6, 2009 at 12:32 PM

    Comment #1

    Hope this is the one even though David Craig has just been on SSN saying his source ( Lambias) says the deal is unlikely.

    0
  • RyanToon

    Aug 6, 2009 at 12:32 PM

    Comment #2

    TOON TOON

    0
  • cromscott

    Aug 6, 2009 at 12:36 PM

    Comment #3

    Asprilla32 youve got my number……phone me if you want some 1 on 1 bum fun……….its fresh and its right…….

    0
  • magforlife

    Aug 6, 2009 at 12:42 PM

    Comment #4

    Ed – can you not block this filth from cromscott?

    0
  • RyanToon

    Aug 6, 2009 at 12:47 PM

    Comment #5

    magforlife

    agreed i think cromscott is posting on the wrong site ive never seen asprilla 32? on here?

    0
  • cromscott

    Aug 6, 2009 at 12:50 PM

    Comment #6

    Its not filth its man love……..nothing wrong with abit of man love every now and again…

    0
  • Mark-o

    Aug 6, 2009 at 12:51 PM

    Comment #7

    Wheres he gonna get the money for transfers if hes had to get a loan to buy the club?

    0
  • evildick

    Aug 6, 2009 at 12:53 PM

    Comment #8

    its on the bbc now… must be true haha!

    0
  • Ross

    Aug 6, 2009 at 12:57 PM

    Comment #9

    Mark-o: If there’s any truth in the potential sale, i think he’s more just splitting the up front cost of the club with an overseas backer within his consortium, 50 mil each, as opposed to needing to take a loan from a bank or wherever else if he was short of funds to pay the full wedge himself.

    Also, has anyone seen this?:

    http://www.skysports.com/story/0,19528,11096_5463544,00.html

    They seem to have the impression that Shola is our “key man” and are anticipating we’ll finish 8th. No bloody wonder if we’re apparently resting our hopes on the shoulders of Bambi. No offence to the lad but looking at our squad on paper, i wouldnt pin point him as being the one with the ability to fire us back into the top flight.

    0
  • David Craig

    Aug 6, 2009 at 1:00 PM

    Comment #10

    You do all realisle that Barry Moat is simply fronting the deal for Freddy Shepherd, they live virtually next to each other in Jesmond have been very close friends for years and are regularly seen playing golf together.

    0
  • Mark-o

    Aug 6, 2009 at 1:02 PM

    Comment #11

    Cheers Ross

    Lets just hope his ”backers” are gonna pump about £200 million into the transfer kitty. That’ll do us til January until he can put in another £200 million or so.

    This take over is making me deluded!!!

    And on the whole Bassong Transfer situation, great player with a great future, but its a bit refreshing to see a french man scting like a mercinary rather than a coward!!

    0
  • AussieToon

    Aug 6, 2009 at 1:04 PM

    Comment #12

    Please be true, please be true, please be true……..

    Also David Craig your a fool.

    0
  • doofa the loofa

    Aug 6, 2009 at 1:07 PM

    Comment #13

    if ma doesnt sell this club now, he wont for a good lenght of time.
    he must forced out by boycotting any and every bits of his income stream. this is black and white. also creating as much bad press regarding any other area of his life( business or private should be fair game)
    lets face facts here, we are in real danger of being relagated this season. our team has the ability to fall apart at any time, and have big problems with recovering form. this is a very tuff league make no mistake about that, and we’re not ready for a good start(nowhere near)
    but even if all the planets did form a line and we did get promotion, what then? it would be same old shit of watching ma get rid of any players who value increased abit. imagine watching our reserves braking into the 1st team and doing well only to be sold.
    our club has no future in ma hands.
    lets hope the the sale is completed.

    0
  • David Craig

    Aug 6, 2009 at 1:10 PM

    Comment #14

    AussieToon

    If Moat gets the club you will be soon see Freddy alongside him, along with Kenny Shepherd.

    I would put my life on that

    0
  • andyglostoon

    Aug 6, 2009 at 1:11 PM

    Comment #15

    David Craig go way you clown

    0
  • Ross

    Aug 6, 2009 at 1:14 PM

    Comment #16

    mark-0 : apart from Anelka of course, he’s the biggest mercenary going! haha..and as far as the transfer cash goes, 200mil is cutting it a bit tight for me, but we’re a championship club and that has to be realised. Messi will have to do, lol.

    0
  • MagpieNeil

    Aug 6, 2009 at 1:14 PM

    Comment #17

    Everyone is now mentioning that Ashley wants the £100 million loan back. I think Moat would be stupid to pay £100 million for the club then extra to pay back the loan! If NUFC was worth £135 million as a premier league outfit when Ashley purchased it, how can Ashley now demand £100 million plus the loan now??? We have lost our place in the Premiership so surely our value must reduce more than £35 million!
    Ashley is one greedy fat B*&^!£d!!!!

    0
  • doofa the loofa

    Aug 6, 2009 at 1:15 PM

    Comment #18

    as long as moats putting some of his own cash in i dont see a problem. seems a clever fella whos personal fortune is rising nicely and in telecoms.

    0
  • David Craig

    Aug 6, 2009 at 1:15 PM

    Comment #19

    You all don’t believe that Moat is behind the deal do you, you unbelievably gullible if that is the case.

    Moat is fronting for Shepherd and Ashley is falling for it.

    0
  • andyglostoon

    Aug 6, 2009 at 1:17 PM

    Comment #20

    lol@ David CRAIG grow up man ,your never right, your just a fool from another fanbase trying too shit stir ,go way you sad little man

    0
  • AussieToon

    Aug 6, 2009 at 1:18 PM

    Comment #21

    Gullible would be falling for whatever you say David Craig!

    Moronic imbecile.

    0
  • belfast toon

    Aug 6, 2009 at 1:21 PM

    Comment #23

    David craig (the one on here) I could of swore you put your life on us being sold on Wednesday

    Sit down you clown

    lol

    0
  • cam_toon

    Aug 6, 2009 at 1:23 PM

    Comment #24

    @DC

    Simple. If FFS is not involved Ill expect you outside AS bar for the first lynching at the gallowgate in centuries.

    0
  • Johno Toon

    Aug 6, 2009 at 1:23 PM

    Comment #25

    David Craig what happened yesterday?

    0
  • Mick G

    Aug 6, 2009 at 1:23 PM

    Comment #26

    http://newsnow.co.uk/A/362486024?-19428hope i’ve sent the right link read this from the Guardian Truth at Last

    0
  • David Craig

    Aug 6, 2009 at 1:26 PM

    Comment #27

    Believe what you want but I guarantee that Shepherd is behind the deal and that Moat is simply fronting the bid for him.

    Moat is Shepherds closest friend and I’m sure other posters on the blog will be able to confirm this, they live virtually next to each other in Jesmond FACT.

    0
  • bill

    Aug 6, 2009 at 1:26 PM

    Comment #28

    As I said before Ashley or anybody, I’ll take anybody.

    By the way David Craig what happened to your inside information from a few days ago – was that more crap?

    0
  • David Craig

    Aug 6, 2009 at 1:27 PM

    Comment #29

    cam_toon

    Not a problem, if Moat gets the club and Shepherd is not involved, name the time and place.

    0
  • cam_toon

    Aug 6, 2009 at 1:28 PM

    Comment #30

    hmm not bad mick.. well from the PC of a usually hate filled makem.

    0
  • RyanToon

    Aug 6, 2009 at 1:28 PM

    Comment #31

    david craig is a k nobjockey FACT

    0
  • cam_toon

    Aug 6, 2009 at 1:29 PM

    Comment #32

    Your on DC.

    Here that lads… we’re gonna have a lynchin’

    Ye Haaaaa…!!!!!

    lol

    0
  • David Craig

    Aug 6, 2009 at 1:32 PM

    Comment #33

    bill

    The info is 24 hours late, its as I’ve said Moat fronting for Shepherd.

    If they get it, Shepherds involvement will be confirmed and you find Shearer and Carver returning to the club very very soon

    0
  • Mark-o

    Aug 6, 2009 at 1:32 PM

    Comment #34

    jeez louise!!! If Shepard is the silent party then it wont be that bad, FFS was never shy in the transfer market!!

    Owts better that that cockeny tw@t

    0
  • Robbanufc

    Aug 6, 2009 at 1:34 PM

    Comment #35

    First good news this summer! Lets hope this is true!

    0
  • belfast toon

    Aug 6, 2009 at 1:34 PM

    Comment #36

    Why does everone think this is a new bidder and it will take weeks this man I am sure has been in from near enough word go big toon fan few quid why would he wait hhis long to come forward and if he’s ffs mate I couldn’t give a David craig

    0
  • RyanToon

    Aug 6, 2009 at 1:34 PM

    Comment #37

    David Craig, you really are pathetic! i mean how many things have you got right? NOTHING

    So if youve got any answer me this, WHY DO YOU KEEP SAYING YOURE IN THE KNOW

    0
  • bigted28

    Aug 6, 2009 at 1:40 PM

    Comment #38

    davidcraig, sit down man, you talk utter tosh. You should have dropped dead a long time ago, the amount of untrue fantasies you jump on the back of to rile us lot. Get a life, support your own shower….. Oh, that’s right, they are not as interesting as our club are they?

    0
  • BigLish

    Aug 6, 2009 at 1:46 PM

    Comment #39

    I thisis true then Barry Moat is doing this for Barry Moat – certainly not FFS. And whats the big deal about Moat and Shepherd living close to each other? Shepherds hose is for sale anyway – with a bit of luck he’ll be emigrating…

    http://www.sandersonyoung.co.uk/buy/view.aspx?pr=8145&region=10&coastal=0&minprice=1500000&maxprice=0&bedrooms=0&daysold=-1&dv=0&pg=1

    0
  • stevep

    Aug 6, 2009 at 1:46 PM

    Comment #40

    If Moat is fronting for Sheperd then surely due diligence has already been done and teh takeover could happen quickly – If Moat has the money of course and if any of this is true…..

    Far to many ifs for my liking

    0

You must log in to post a comment.