Ashley Agrees Price With Moat – Funds Due By Friday


The soap opera of Mike Ashley trying to sell the Newcastle club to Barry Moat has taken on a new turn today.

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Barry Moat – deal agreed – but must deposit money by Friday

Apparently Mike Ashley now wants Barry Moat to deposit the money for his bid into a specified bank account by the end of the week.

It is understood that Ashley is still not fully convinced that Barry Moat has the money to buy the Newcastle club, even though apparently he has already proved he has the funds.

And of course as this melodrama continues, every day that passes is one less day Newcastle can spend in the transfer market, to build their squad up for the promotion battle that awaits this season.

However, the sum now seems to be enough for Ashley to sell the Tyneside club to Moat, even though it is below the £100M asking price.

If the money is not deposited by Friday, it seems that David O’Leary is Ashley’s first choice to become manager, although he has not offered him the job.

Mike wants to give Barry Moat time to push the deal through, after weeks of frustrating negotiations, and he now has until the end of the week to prove he has the requisite funds apparently.

Sources have also confirmed that Ashley did want to bring Joe Kinnear back as manager,  but Joe’s health has prevented that and he’s had to look elsewhere.

Alan Shearer now back with his family on holiday in Portugal after a brief return to England to cover Newcastle’s 1-1 draw with West Bromwich Albion last Saturday for the BBC Match Of The Day, so this stupid melodrama seems far from over.

A source close to Shearer told the Newcastle Journal today:

“He is still waiting, that is all he can do. Hopefully the money will be deposited as quickly as possible and the club sold.”

O’Leary hasn’t managed since he left Aston Villa three years ago but is expected to take the job at Newcastle if and when it is offered to him.

Hopefully we will know one way or the other by this Friday, but how many times have we said that this summer?

Comments welcome.



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104 comments so far

  • chanty

    Aug 11, 2009 at 11:07 AM

    Comment #1

    a bit of positive news, yey!

    0
  • RyanToon

    Aug 11, 2009 at 11:07 AM

    Comment #2

    its close

    its very close

    0
  • sahota

    Aug 11, 2009 at 11:07 AM

    Comment #3

    I can just pray to GOD that its true. Please …….I don’t want to let down by these positive news again and again… I can just hope Mike Ashley leave Toon ASAP…….

    Please Newcastle City Council, we need to erect BIG boards outside Newcastle on all roads leading to Newcastle that MIKE ASHLEY is not allowed to enter here…….

    0
  • Eaststander

    Aug 11, 2009 at 11:09 AM

    Comment #4

    Why is it always friday. Then Friday it will be next week and on and on and on. On and on and on till the club is totally and utterly fu.cked

    0
  • carrollfan

    Aug 11, 2009 at 11:12 AM

    Comment #5

    Hope the journal are right about this but they don’t have a good record

    0
  • Toon_Factor

    Aug 11, 2009 at 11:13 AM

    Comment #6

    meeting friday, take over monday, new manager the following friday blah blah blah

    0
  • batty

    Aug 11, 2009 at 11:13 AM

    Comment #7

    iam not gonna beleive owt untill its done

    0
  • ARSENE FIRE

    Aug 11, 2009 at 11:16 AM

    Comment #8

    Please, Please, Please, PLEASE!!!!

    0
  • NUFC-0809-Oh Dear

    Aug 11, 2009 at 11:17 AM

    Comment #9

    Does Mr Moat want someone to take the cash to the bank for him?!?

    Why Friday? A bank transfer can be almost instant!

    0
  • Rodzilla

    Aug 11, 2009 at 11:17 AM

    Comment #10

    …me neither Batty. Still fearing the worst…….

    0
  • David Craig

    Aug 11, 2009 at 11:17 AM

    Comment #11

    Bookies very rarely get it wrong, heres the latest odds on next manager –

    O’Leary, D 4/11 Vialli, G 33/1
    Shearer, A 2/1 Dowie, I 33/1
    Keegan, K 16/1 Clark, L 40/1
    Kinnear, J 16/1 Beardsley, P 40/1
    Curbishley, A 25/1 Venables, T 40/1
    Strachan, G 25/1 Houllier, G 50/1
    Bilic, S 33/1 Dalglish, K 50/1
    Hughton, C 33/1 McClaren, S 50/1
    Jones, D 33/1

    0
  • AussieToon

    Aug 11, 2009 at 11:19 AM

    Comment #12

    NUFC0809 – I am wondering about that too.

    I’m sure a transfer of that significance can be done in 24-48 hours.

    I find all of this strange and still am not confident good news is around the corner.

    0
  • batty

    Aug 11, 2009 at 11:19 AM

    Comment #13

    Rodzilla // Aug 11, 2009 at 11:17 AM

    …me neither Batty. Still fearing the worst…….
    <<<< and me rod iam thinkin the fat tw@t is staying and we are gonna sell a lot more players and bring a few more shite 1s in m8

    0
  • Here We Ngo Baheng

    Aug 11, 2009 at 11:20 AM

    Comment #14

    An end to the contradicting lies and incredible lunacy? Or merely a continuation?

    This whole thing has made me such a sceptical person, and I know I’m not alone in thinking that, yet still I live with some slim hope that one of these stories is actually true.

    0
  • HarryWorth

    Aug 11, 2009 at 11:20 AM

    Comment #15

    Ed, there is no proof to your headline that Ashley has yet agreed a fee with Barry Moat.

    You are just building peoples hopes up again.
    Have a word with yourself.

    0
  • Mark-o

    Aug 11, 2009 at 11:21 AM

    Comment #16

    balls david craig!! just walked past coral and they had shearer as 2/1 fav. What happened to your predictions on friday? oh yeah load of balls

    0
  • Rodzilla

    Aug 11, 2009 at 11:21 AM

    Comment #17

    Batty, same here mate, I just posted this on the last thread…..

    “I honestly am starting to fear the worst now. No club sale, at least 4 more seniors out the door, O’Leary installed as manager (only because Kinnear is unfit) and TWO or THREE loan players in – at best.

    Hope my gut feeling is wrong.”

    0
  • batty

    Aug 11, 2009 at 11:21 AM

    Comment #18

    David Craig // Aug 11, 2009 at 11:17 AM

    Bookies very rarely get it wrong, heres the latest odds on next manager –
    <<<< well they didnt see keegan j k or shearer coming did they just going on paper talk

    0
  • sahota

    Aug 11, 2009 at 11:21 AM

    Comment #19

    Yes, we need to wait till its announced officially or is announced as confirmed news on SKY or BBC …Thing is so many false stories have been told in past that we can hardly believe anyone till Moat walks in St James Park himself and gives a press conference

    0
  • lesh

    Aug 11, 2009 at 11:22 AM

    Comment #20

    If this is true, there’s nothing sinister in MA wanting the money deposited into escrow pending completion of necessary formalities – we hope!

    It’s normal practise in such transactions but given MA’s track record thus far, I’ll still be wary about popping the corks until completion’s formally announced by MA and/ or the club.

    Let’s just hope that we can soon thank Mike Ashley for all the pleasure he’s brought Newcastle United and its supporters and bid him a fond farewell.

    0
  • batty

    Aug 11, 2009 at 11:23 AM

    Comment #21

    ROD spot on m8 and that komfort is a t0sser

    0
  • Dan4Toon

    Aug 11, 2009 at 11:23 AM

    Comment #22

    ______________________Krul______________________

    R.Taylor_______S.Taylor_______Campbell_______Enrique

    Ledley__________Barton__________Smith©__________Duff

    _______________Carroll__________Mccormack______________

    SUBS: Harper, Kadar, Guthrie, Nolan, Lualua, Beckford, Ranger

    OUTS.
    Geremi – 2m (60k a week)
    Coloccini – 4.5m (55k a week)
    Jonas – 4m (50k a week)
    Butt – 500k (40-50k a week)

    INS.
    Campbell – Free
    Ledley – 6m
    McCormack – 4m
    Beckford – 3.5m

    Plus what has already gone with Martins, Bassong and Beye. I think that team with that bench would get us up. The strike force would be good with McCormack and Carroll (little and larger) Opinions??

    0
  • Rodzilla

    Aug 11, 2009 at 11:23 AM

    Comment #23

    HarryWorth@15

    Very true mate, I actually got butterflies for about 4 seconds until I realised Ed had just regurgitated the Journal story I read half an hour ago.

    http://www.journallive.co.uk/nufc/newcastle-united-news/2009/08/11/mike-ashley-s-warning-to-barry-moat-61634-24365578/

    0
  • Stardust

    Aug 11, 2009 at 11:24 AM

    Comment #24

    There was never a more disingenuous Edline that this – an Edline aimed at getting hits from News Now – disgusting.

    0
  • Solaidback

    Aug 11, 2009 at 11:24 AM

    Comment #25

    Well what I’ve read today in the Journal is that they think that Barry Moats backer is his good friend & business partner Allan Rankin, who wanted to buy the Thistle Hotels company for £750m but the deal fell through!!!
    I looked into this guys & not much about him apart from something about a company he use to own that has some dodgy dealing going on – http://www.guardian.co.uk/business/2003/mar/30/theobserver.observerbusiness10 you need to read down quite a bit to get to the Allan Rankin part tho!!!
    I’m not saying he (Allan Ranking) was invovled in those dodgt deals tho, just te company he was invovled in!!!

    Anywa, I hope this isn’t another wind up or I’ll seriously not be a happy bunny!!!

    0
  • Rodzilla

    Aug 11, 2009 at 11:25 AM

    Comment #26

    Dan4Toon

    ….don’t build yer hopes up over the INS mate

    0
  • ObaMartins

    Aug 11, 2009 at 11:26 AM

    Comment #27

    All we have left is HOPE so lets all Hope its True……Batty as you used to be a SUNDERLAND supporter i sugest you get off the NUFC Blog……

    0
  • lesh

    Aug 11, 2009 at 11:26 AM

    Comment #28

    NUFC-0809-Oh Dear // Aug 11, 2009 at 11:17 AM

    Does Mr Moat want someone to take the cash to the bank for him?!?

    Why Friday? A bank transfer can be almost instant!

    Why Friday? Agreements need to be drafted by the legals and formally signed by the parties to it.

    And, don’t forget and with the greatest respect to our colleagues in the legal profession, solicitors have their fees to earn!!

    0
  • broon ale

    Aug 11, 2009 at 11:27 AM

    Comment #29

    beleive it when i see it. does anyone else think this website is full of faults.. If i am not being kicked off and directed to some other site, i find myself having to read the website in mobile phone mode.. its very frustrating.. can someone not create a blog without these problems.? hint hint ed

    0
  • ObaMartins

    Aug 11, 2009 at 11:28 AM

    Comment #30

    Allan Rankin and Dodgy deals ? ask Fred about Dodgy dealing..lol

    0
  • ObaMartins

    Aug 11, 2009 at 11:29 AM

    Comment #31

    Batty you gone into hiding ? come out from where ever you are…..Mackem

    0
  • Mark-o

    Aug 11, 2009 at 11:33 AM

    Comment #32

    Oba

    Do you not think Batty is quite an accurate name though?

    0
  • broon ale

    Aug 11, 2009 at 11:35 AM

    Comment #33

    also there is some seriously bad adverts on here.. as well as mis leading heandlines.

    0
  • Stardust

    Aug 11, 2009 at 11:35 AM

    Comment #34

    Broon Ale – download google chrome – it stops most errors but the mobile site redivert happens from time to time still – but a million times better than i.e.

    0
  • maggpie

    Aug 11, 2009 at 11:35 AM

    Comment #35

    Have to agree this is a poor and misleading article. There is no concrete news and the Journal article says Ashley wants a deposit by Friday. It doesn’t say Ashley and Mort have agreed a price.
    I like this website but this is poor.

    0
  • Nick D

    Aug 11, 2009 at 11:36 AM

    Comment #36

    Extremely irresponsible headline Ed.
    Making it sound like a done deal. Have you learnt nothing from Ashleys 2 years ??
    He will drain every last drop out of us !!!!!!!!!

    0
  • Dan4Toon

    Aug 11, 2009 at 11:36 AM

    Comment #37

    Rodzilla – Am not .. well i am 😛 but that team would be good and i reckon we could get any of them, but we need Moat to take over very soon other wise its just going to run out of time, and maybe Ashley decided to sell just because he sounded like his old pal, Chrissy Mort! 😀

    0
  • hitman

    Aug 11, 2009 at 11:36 AM

    Comment #38

    the headline is shocking ed,no need for it.

    0
  • ObaMartins

    Aug 11, 2009 at 11:36 AM

    Comment #39

    Mark-o // Aug 11, 2009 at 11:33 AM

    Oba

    Do you not think Batty is quite an accurate name though?

    Actually Mark you should have SKID before the Mark in youre nic and that would be accurate…

    0
  • batty

    Aug 11, 2009 at 11:37 AM

    Comment #40

    ObaMartins // Aug 11, 2009 at 11:26 AM

    All we have left is HOPE so lets all Hope its True……Batty as you used to be a SUNDERLAND supporter i sugest you get off the NUFC Blog……
    <<<< fck off elder brother

    0

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