Barry Moat is expected to meet Mike Ashley before Saturday’s home game against Reading.
Barry Moat with Derek Llambias
But it turns out it will have nothing to do with the potential sale of Newcastle by Ashley, but the two of them will be celebrating the one-year anniversary of the Newcastle United Foundation.
The Newcastle United Foundation is a registered charity that aims to use the local passion of football in the Newcastle area, to help encourage learning, and promote healthy lifestyles that will make a real difference to the lives of children, young people and families in the region.
Its strategic aims are:
- To promote active and healthy lifestyles, particularly in disadvantaged communities.
- To inspire children to learn and help young people reach their potential.
- To engage young people in constructive activities that build safe, strong communities.
It’s good that the Newcastle club is engaged in these types of charities, and a lot of that was due to the initial influence of Chairman Chris Mort at Newcastle.
And Mike and Barry will not even be allowed to discuss Moat’s proposed takeover, with talks being handled exclusively by London-based investment bank Seymour Pierce and Chairman Keith Harris.
Moat’s chances of buying the club have been played down by the Ashley camp, but time is now running out for any deal to be struck, and it looks like something must be done this week.
There’s also the transfer window, which closes in 19 days time, and we’ll have to be very active if we are to fill out our squad in both numbers and skills, in order to make a decent attempt to be promoted this season, at our first try.
Moat, a lifelong United fan is still determined however, to press ahead with his bid, and is now said to be talking to potential investors.
And one name which has been mentioned as a potential new backer is Collingwood Insurance chief executive officer Alan Beenshill, whose firm are major Newcastle sponsors.
The news we heard today is that Moat is around £10M short of what Ashley is willing to accept, but of course we have no idea if that’s true.
But if it is true, then hopefully Moat is trying to set up some extra investment money, and certainly Newcastle-based businessmen could be happy to loan Moat the money, or invest in the club, if it means Newcastle United can get back on track.
And if Moat cannot do the deal then speculation is mounting that former Leeds United and Aston Villa boss David O’Leary is Ashley’s first choice to try to get a squad together in a short two weeks or so that can mount a challenge for promotion.
We have nothing against O”Leary and if he is appointed we’ll need to give the man a chance to get us promoted. Certainly it should be a win-win situation because if David is successful he could be manager of a top Premier League side in a couple of seasons.
And in case there’s any doubt about that, we are talking about the Newcastle club.
That would be our hope in any case. 😀