Stubborn Ashley Still Refusing To Sell To Moat


After some hopeful news yesterday, that the Barry Moat bid to buy Newcastle could be successful, some discouraging news in the Journal this morning.

MikeAshley 2

Mike Ashley – refusing to sell – Seymour Harris recommending Moat offer

The sale of the Newcastle United club appeared to be almost off last night as Mike Ashley for a second time, prepares to take the club off the market in less than a year.

That has to be the worst possible news for Newcastle fans, and to have to spend another 12 months with this guy running the club will not be a pretty site, or a smooth ride, and it will mean no Alan Shearer in to run the club, as most of us had hoped for.

Apparently the talks between Ashley and the Moat consortium have hit a stalemate and Ashley is refusing to budge on his financial demands.

The Journal is reporting there have been attempts to attract fresh interest by offering the club for a down payment of £20M with another £80M due to be paid to Ashley in 12 months’ time.

This news was reported by several news organizations earlier this morning – so why is the Moat offer not acceptable?

As we reported yesterday Seymour Pierce – the investment bank in charge of selling the club – are recommending Mike accept the offer from Tyneside businessman Barry Moat (with American backing) as their preferred bid.

But it appears Ashley remains reluctant to sell for anything less than the £100M he initially asked for.

Moat is said to be backed by American investors, but he has still not put together a package that satisfies Ashley’s increasingly strict financial demands.

With Ashley unwilling to sell many of his players until recently, the wage bill could cause the club to be in a cash flow situation this coming season, where the club will need to pay out far more than they are bringing in.

Why that problem wasn’t started on as soon as we were relegated, we just have no idea, and we’ve been continually mentioning the problem over these last 10 weeks.

It’s hardly rocket science after all – just business 101 with reduced revenues you must cut your costs accordingly.

And we have heard from behind the scenes over these last 2 weeks that there has been growing tension between Seymour Pierce and the Ashley camp.

The bank are now convinced they have the best deal they could get in the present financial climate, and are increasingly frustrated by Ashley’s increasingly stubborn stance.

Moat is reported to have attended a series of meetings with Newcastle’s Managing Director Derek Llambias in London yesterday, in the hope of reaching a deal, and those talks will resume this morning.

If no agreement is reached then Ashley will pull the plug on a Newcastle sale for a second time within 9 months, probably this weekend.

He will then bring in a full time manager, who that may be is anybody’s guess, and the manager will have around 3 weeks left in the transfer market.

This sale has been an absolute farce from the start, and Mike Ashley has won himself no friends on Tyneside, as the club’s name has been dragged through the mud and further ridiculed during this latest soap opera.

Newcastle fans are loyal and love the club, and this has been very painful for us all.

Of course, immediately after relegation Ashley could have given it one year to make a return to the Premier League, and many of the problems he has created could have been remedied by Shearer over the summer, if only Alan had been given a chance.

Yes – this is a complete and utter shambles now, and if Ashley stays on at Newcastle, we can expect more of the same before the next 12 months is up.

And as far as promotion is concerned – forget it.

Comments welcome.



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60 comments so far

  • hitman

    Aug 7, 2009 at 10:57 AM

    Comment #1

    if theres any truth in this story its just sickining.

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  • premier

    Aug 7, 2009 at 10:58 AM

    Comment #2

    Moat bid ditched

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  • Stardust

    Aug 7, 2009 at 10:59 AM

    Comment #3

    Another day of self pity arrives. I agree communication is terrible, but in the past in adversity we supported – it seems today we cry like spoiled children. Maybe most on post on here are that – children.

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  • carrollfan

    Aug 7, 2009 at 11:01 AM

    Comment #4

    I don’t think he will appoint a full time manager before the 1st of september. That way he won’t have to spend any money on players, he doesn’t want to invest anymore money and the money we have taken from transfers will be used to cover the wage bill

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  • Toon Graeme

    Aug 7, 2009 at 11:03 AM

    Comment #5

    Promotion? As faithful and optimistic as I am I cant see it happening.

    We need fresh experienced championship blood in the team.

    Just when we thought the soap opera was coming to an end – its just seems like there is no end

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  • Whumpie

    Aug 7, 2009 at 11:03 AM

    Comment #6

    There are no quotes, just more “a source said”, so let’s not get carried away. Nobody outside of that room (assuming any of it is true at all) really knows what’s going on.

    The Times has an interesting article on it here:

    http://www.timesonline.co.uk/tol/sport/football/football_league/article6742173.ece

    It says largely the same thing, and still has no direct quotes. But it also balances the story by suggesting things like this: “It is understood that Ashley, while anxious to sell the club, is reluctant to sell to a bidder who cannot afford to buy new players. ”

    Worth a read, as it offers an alternative to the one-sided, “it’s all Ashley” stuff we’re getting from the Journal.

    To be honest, I’ve lost all respect for the Journal over this – they’ve been as bad as the Mail.

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  • hitman

    Aug 7, 2009 at 11:05 AM

    Comment #7

    Stardust // Aug 7, 2009 at 10:59 AM

    Another day of self pity arrives. I agree communication is terrible, but in the past in adversity we supported – it seems today we cry like spoiled children. Maybe most on post on here are that – children.

    what the hell are you going on about.

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  • simon376

    Aug 7, 2009 at 11:06 AM

    Comment #8

    I agree with you Stardust that we have to give our support no matter what, but I do think people have every right to be upset. This setup has to be one of the worst for many years at the club. I know Shepard left a lot to be desired, but Ashley has really dragged us down

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  • RyanToon

    Aug 7, 2009 at 11:09 AM

    Comment #9

    STARDUST YOU P RI CK! SHUT YOUR F UCKING NOISE WILL YA!

    MIKE ASHLEY IS A F UCKING DISGRACE AND YOU YES YOU! CANT SEE IT!

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  • Monster

    Aug 7, 2009 at 11:09 AM

    Comment #10

    The official site have got a news article entitled “Memory Of Win Will Lift Lads – Boss” – it’s quotes from Hughton. If the official site is referring to Hughton as “Boss”…

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  • hitman

    Aug 7, 2009 at 11:09 AM

    Comment #11

    we will always support the team,but we do not have to support ashley,a bit like you did stardust when roeder was manager.

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  • Stardust

    Aug 7, 2009 at 11:09 AM

    Comment #12

    Whumpie – agreed – the Chronicle and the Journal play the Hokey Cokey with headlines, the new owners are about to come in, now theyve pulled out, in out, in out, blame Ashley and then shout.

    Fans are hacked off because they listen to jounalists who have no idea about any real info but have to produce tomorrows headlines to earn a crust.

    The only people we can listen to, is Harris and Llambias.Though with the second he has lost face and trust – it just astounds me that those with no information of note – including many on here call him a liar and Harris a liar when they have nothing but rumours and made up spokesman “quotes” from the likes of the above papers.

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  • Whumpie

    Aug 7, 2009 at 11:11 AM

    Comment #13

    Stardust, even by your standards that post is pathetic. You should be ashamed of yourself.

    This club is at its lowest point in its history and all you can do is have a go at supporters for being upset when it looks like one of our last straws of hope to cling to looks like breaking.

    Your father must have been one cold, hard git if that’s what he taught you about human nature.

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  • hitman

    Aug 7, 2009 at 11:11 AM

    Comment #14

    ooo stardust lambmadras,how can we believe anything he says,agreed with harris tho

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  • Stardust

    Aug 7, 2009 at 11:13 AM

    Comment #15

    Hitman – there was a difference – in my opinion Roeder was the stool pigeon that allowed FFS to remove the cash from the club – I saw him as part of the swindle – and he was a weak man who went along with it as he knew the job was far bigger than him (Glen Roeder after promising starts 100% of the time gets clubs headlong into or actually relegated)

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  • boater

    Aug 7, 2009 at 11:13 AM

    Comment #16

    20 mil downpayment? I think Ashley is entitled to balk at that. No owner = No manager = Houghton = No new players and leaderless existing squad.

    I still kinda half hope that neither JK or shearer will end up in charge. Why the hell couldn’t we have got D Ferguson? Smart young manager, attacking style, season long loans from his pop. Too easy …

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  • Stardust

    Aug 7, 2009 at 11:14 AM

    Comment #17

    And…………………cue Ryan Toon….a case in point…..child

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  • trofmok

    Aug 7, 2009 at 11:14 AM

    Comment #18

    keep your dummy in stardust

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  • hitman

    Aug 7, 2009 at 11:15 AM

    Comment #19

    harris did say he expects the club to be sold this month,so lets hope so put this nightmare behind us.

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  • Whumpie

    Aug 7, 2009 at 11:17 AM

    Comment #20

    Stardust, people are upset because their beloved club has been brought to its knees and we’re not even sure if there will be a club at this rate. A major institution which has a huge impact on the morale and community spirit of millions is on the brink of collapse.

    Even the Times, Independent and Guardian are slating the way Ashley has repeatedly made awful decisions, then waited for maximum damage before finally doing the right thing when it’s too late.

    Firing Ashley
    Hiring Shearer (or anyone other than Hughton)
    Selling players

    Each time we assume he’s learned and won’t do it again, and each time we’re wrong and we sink even lower.

    How can you blame anyone – even this admittedly militant and reactionary Toon Army – from being genuinely upset and resentful towards the person ultimately responsible??

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  • lesh

    Aug 7, 2009 at 11:20 AM

    Comment #21

    This man just beggars belief!

    If he is, as reported, stubbornly holding out for £100m he must have taken leave of his senses especially when Harris has supposed to have recommended Moat’s bid as the best he could achieve.

    Is Ashley just being plain pig-headedly spiteful, is he mad, has he any idea about running a football club? Seems so, gives that impression and the thord answer’s go to be no.

    Joe’s put his hand up to be availaible by Christmas and in the meatime, the club drifts along without tactics or motivation under Hughton and Calderewood. By then, near bottom and reflecting on JFK’s track record last year, destined for relegation.

    How much will Ashley want ot sell for then? £200m?

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  • Whumpie

    Aug 7, 2009 at 11:20 AM

    Comment #22

    Actually, RyanToon – you did just illustrate Stardust’s point pretty clearly! Made me laugh, anyway.

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  • lesh

    Aug 7, 2009 at 11:22 AM

    Comment #23

    Whumpie man, don’t get excited over Stardust – I’m convinced he’s another one for the analyst’s couch, alongside Ashley!

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  • Rodzilla

    Aug 7, 2009 at 11:22 AM

    Comment #24

    “…businessman Barry Moat (with American backing) as their preferred bid”

    …said who, exactly?

    …more likely to be Barry Chuckle (with American Express).

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  • Stardust

    Aug 7, 2009 at 11:23 AM

    Comment #25

    Simon 376 – I hurt as much as the next man – but Ashley is selling – thats what you want – thats what the majority want – yet they act with fury to the consequence of the sale going through.

    At every turn Ashley has done as the fans want – yet they scream and hate. Actions have consequence.

    So now once consequence is played out for all to see – what do the fans do – they hate – they forget once more to support – if the fans dont change we will be in trouble again.

    The law of attraction played out for all to see.

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  • boater

    Aug 7, 2009 at 11:24 AM

    Comment #26

    Ashley hatred is a waste of time. He tried it his way – we didn’t like it … some went way overboard and protested which led to his putting the club up for sale… there was from that point on a climate of uncertainty at the club with players and part-time, part-time managers. Ashley gave us Shearer not cos HE wanted it .. why would he put a novice in charge of his mutli-million pound business.. shearer mucked it up – or should I say failed to arrest our decline – which is the same thing effectively… Ashley is trying to sell… he’s caught between a rock and a hard place/// what can he do? I don’t understand the vitriol… yes he’s made some grave errs of judgement (perhaps shearer was the worst ultimately) and he’s messed up but he has been responsive to the fans and tried to appease us.

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  • RyanToon

    Aug 7, 2009 at 11:26 AM

    Comment #27

    saying this as an adult, fu ck off stardust

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  • shrews mag

    Aug 7, 2009 at 11:27 AM

    Comment #28

    Ed – “And as far as promotion is concerned – forget it.”

    Could not agree more … an owner who wants out … no manager … no plan … no direction … no player transfers in …

    … a big dark black hole and we are all staring into it …

    Stardust … you do say some odd things …

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  • Jan Stavik

    Aug 7, 2009 at 11:28 AM

    Comment #29

    Moat the muppet don’t have the money for such a purchase, forget about him.

    I’m afraid we all have to settle for another season under fat Mike, let’s see how it goes. At least our worst player is out the first games, the side should benefit from Butt being injured.

    I really don’t get the decision of giving the captaincy to the 2nd worst player we have, Smith should be sold on as he’s a mediocre player on a crazy salary.

    This season could be entertaining as we’ll start winning again, but it can also be a all-time low if the management is not sorted out asap.

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  • will die for the toon army

    Aug 7, 2009 at 11:29 AM

    Comment #30

    Guys, that was yesterday’s news dont you see it came out very early and I think this is speculation. Lets wait for today and if not then I think about my beloved club and I get out of Politics…

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  • Whumpie

    Aug 7, 2009 at 11:31 AM

    Comment #31

    Really, let’s not get carried away. We have NO new information today; just speculation. We don’t even know if the whole Moat thing is a fabrication.

    I don’t believe that even Ashley with his blinding talent for awful decisions would let £10m come between him keeping and selling the club. Even he must see that in Division 1 the club would be a huge liability and that he’d lose every penny he’s put in.

    And you never know – we may even beat the Baggies tomorrow.

    Oink.

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  • boater

    Aug 7, 2009 at 11:31 AM

    Comment #32

    Whumpie… Ashley has been a bad owner. No one can argue with that. But I agree to some extent with Stardust who is making the point that – Ashley has TRIED to go with the feelings of the fans – perhaps fatally in the end.

    Yes all the papers have started to attack Ashley – and rightly pointed out his inadequacies as a communicator, judge of character – but mainly in his lack of strength as a leader TO LEAD which means sometimes (nay often) ignoring the fans catcalls and bloody protests. The idiot mob who thought that ‘cockney mafia’ placards and chants was a show of passion and love for their club are – to some extent – the main architects of our downfall… kind of by proxy – the over emotional relatives that just don’t know when the hell to shut up and crack on supporting, and let their leaders lead.

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  • boater

    Aug 7, 2009 at 11:38 AM

    Comment #33

    The reason I say that is because – I worry about our next owner – when things don’t go our way will we do the same again?

    Toon supporters ARE the daftest in the world – kind of too emotional for the sake of the club but I wouldn’t change them for the world either – we just need an owner who understands them a bit more…

    The southern press mocking the toon army is always hard to see because it just serves to make the plastic gooner and plastic chelsea mob feel better about their par-baked attempts to support a team. However – I wish we used our head more last season – especially over the protests – there is a difference between support and vitriol and IT DOESNT HELP US to start the angry stuff up again… plays into the hands of our detractors.. and won’t serve to speed up Ashley’s departure.

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  • bozo

    Aug 7, 2009 at 11:45 AM

    Comment #34

    Stardust stop acting like a baby just because you were wrong. Ashely has done what the fans want? Like back Wise over Keegan perhaps stop talking utter rubbish, the only thing hes done that the fans asked for is to sack Allerdyce and thank god for that I couldnt watch that disgrace any more.
    There is only one person who Ashley listens too and that is Ashley a knowledgable businessman like you should know his reputation in business circles.

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  • RyanToon

    Aug 7, 2009 at 11:47 AM

    Comment #35

    well said bozo

    stardust is coming out with all this nonsense on here blaming ‘children’ as he put it. when he is 100% wrong himslef but hes to f ucking pig ignorant to se it

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  • Stardust

    Aug 7, 2009 at 12:02 PM

    Comment #36

    Boater 32 and 33 – well put fella – well put.

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  • Whumpie

    Aug 7, 2009 at 12:03 PM

    Comment #37

    Stardust and Boater – same old stuff!

    My problem with Ashley’s decisions isn’t what he does, it’s when he does it. Every time he shows that he just doesn’t understand the impact on the pitch of not acting early.

    He supported Wise over KK, then changed his mind weeks later when the damage was done.

    When JFK went off sick, he dithered his way through a huge pile of points (the biggest single reason we went down) before seeing sense and appointing a manager. He didn’t appoint Shearer because the fans demanded it – all we demanded was A manager.

    And he’s doing it again – no player sales, no manager… and our season goes down the drain because of it. Now he’s started selling a week before the season begins.

    The man is a clueless ditherer. I believe he means well, but that doesn’t help the fact that he’s sending the club down the tubes.

    It may be that the Times has a point and he’s holding off because he sees things being worse under Moat. If that’s the case, good on him, because he’s trying to do the right thing.

    But to me it looks more likely that he’s just digging his heels in for too much money. I hope I’m wrong.

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  • ginkoh

    Aug 7, 2009 at 12:06 PM

    Comment #38

    If we want to win CCC, miracle is all we need. Oh my god !!! how can we revenge Ashley >”<

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  • premier

    Aug 7, 2009 at 12:22 PM

    Comment #39

    any messiahs on the horizon?

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  • pubcat

    Aug 7, 2009 at 12:32 PM

    Comment #40

    In spite of what’s gone on in the past, if MA stays (for another year or more) I hope fans don’t behave like idiots and spend the coming months having ‘Ashley out” demonstrations.

    Whether we get a new buyer, or whether MA is still owner just get behind the club wholesale.

    We don’t know the truth anyway a lot of the time. We know MA has made many mistakes, but we don’t know what really goes on behind the scenes.

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