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