Barry Moat Trying To Recruit New Investors?


Barry Moat is expected to meet Mike Ashley before Saturday’s home game against Reading.

barry moat

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. 😀

Comments welcome.



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39 comments so far

  • Mark-o

    Aug 12, 2009 at 1:34 PM

    Comment #1

    Just take the money and f**k off!!!!

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  • Steve R

    Aug 12, 2009 at 1:46 PM

    Comment #2

    In theory Ashley should only be asking for bout 70mil now. He has sold half the team and now we are more than depleted.

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  • Rangerman

    Aug 12, 2009 at 1:47 PM

    Comment #3

    Moat is like a geordie Oliver Twist with begging bowl in hand.

    I wouldn’t try and buy a house that I couldn’t afford so why he’s wasting the clubs time if he can’t get the money together?

    If he wanted it that bad he should have made moves to get the money together months ago.

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  • Rangerman

    Aug 12, 2009 at 1:49 PM

    Comment #4

    In theory Ashley should only be asking for bout 70mil now. He has sold half the team and now we are more than depleted.

    ……

    The money will either be in the clubs accounts or they will have a bank guarantor that the money will be deposited in installments every year until it’s paid.

    It will make zero difference to the asking price.

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  • Yorkie Dave

    Aug 12, 2009 at 1:49 PM

    Comment #5

    with any luck Moat will get the money, Ashley will be gone and the good times can roll

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  • Whumpie

    Aug 12, 2009 at 1:54 PM

    Comment #6

    Where’s this from, Ed?

    Anyway, I think it’s a lot more complex than a simple barter over price. I suspect the deal involved staged payments and Ashley doesn’t believe they’ll all be met. Understandable if that’s the case.

    But if it really does come down to £10m, surely there are loads of people who’d be up for grabbing a bit of the club? What about Big Al himself and various other players? What about the NUSC (NUST as it now is) – can’t they scare up a few mill?

    Rangerman is right that if you’re having trouble raising £10m then you shouldn’t be allowed to buy the club – and it’s been speculated in the broadsheet nationals that this is what’s bugging Ashley more than the actual price.

    I’d not rule it out – he could actually be trying to do the right thing for the club.

    And cocking it up, as usual.

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  • Stuart79

    Aug 12, 2009 at 1:54 PM

    Comment #7

    Rangerman // Aug 12, 2009 at 1:47 PM

    Moat is like a geordie Oliver Twist with begging bowl in hand.

    I wouldn’t try and buy a house that I couldn’t afford so why he’s wasting the clubs time if he can’t get the money together?

    If he wanted it that bad he should have made moves to get the money together months ago.

    Two points:

    Why are you believing everything that the papers are saying? In particular the chronicle!

    Just to show how ridiculous this story is for Moat to have got this far down the line he will have proved he had the funds 2 months ago so the for the media to suggest he’s scraping around for investors is totally ridiculous!

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  • Graeme

    Aug 12, 2009 at 1:58 PM

    Comment #8

    If Mr Moat is scratting around at this stage trying to come up with money, because he’s £10 million short, it doesnt instill any confidence for the future with him in charge.

    If he was serious, he would have substantial funds, over and above what was needed to buy out Ashley already in place.

    There is the small matter of the day-to-day running costs, not to mention the very LARGE issue of player recruitment needed to get us into the play-offs at the very least.

    If he hasnt put together a package to cover all of the above it would appear that he’s wasting everyones time.

    I was SO looking forward to seeing the end of Ashley in control, now we are back to doom andd gloom!!!

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  • Whumpie

    Aug 12, 2009 at 1:58 PM

    Comment #9

    Stuart: quite right. I’ve lost a lot of faith in the Chronical and especially the Journal over all this.

    Right now, I’d honestly rather have a cash-strapped Moat in charge than Ashley in any situation. That’s how bad it’s got.

    I honestly think that if Ashley stays he will still sell all the pricey players and buy no replacements. He’ll then faff and procrastinate again when it’s obviously all going wrong and get us relegated again. Then he’ll put us into administration.

    Where’s the prozac?

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  • Rodzilla

    Aug 12, 2009 at 2:00 PM

    Comment #10

    Have either Seymour Pierce, Barry Moat or Mike Ashley said, in quotes, that Barry Moat does not have sufficient funds?

    …and where has this ’10m short’ mallarky came from?

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  • frankyong

    Aug 12, 2009 at 2:04 PM

    Comment #11

    sell it asap……

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  • Rangerman

    Aug 12, 2009 at 2:05 PM

    Comment #12

    Why are you believing everything that the papers are saying? In particular the chronicle!

    Just to show how ridiculous this story is for Moat to have got this far down the line he will have proved he had the funds 2 months ago so the for the media to suggest he’s scraping around for investors is totally ridiculous!

    …….

    It’s well reported that he hasn’t got the money together which is why Ashley’s PR have dismissed him as not being serious.

    Unless you know for a fact he has got the money and proved it months ago? Or are you just putting together the stories about people needing to prove they’ve got the money to look at the books and Moat still being in the race so you’ve come to the conclusion that he’s got the money, funnily enough both stories were from the chronicle!

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  • doofa the loofa

    Aug 12, 2009 at 2:09 PM

    Comment #13

    i guess the offer has always been approx £60m… and thats a fair price with players going.
    the only danger with moat is it wont be straight forward and ma could still have his finger in somewhere.
    would be better if his finger was to stay up lambmadras’s arse.

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  • Stuart79

    Aug 12, 2009 at 2:15 PM

    Comment #14

    Rangerman // Aug 12, 2009 at 2:05 PM

    It’s well reported that he hasn’t got the money together which is why Ashley’s PR have dismissed him as not being serious.

    Unless you know for a fact he has got the money and proved it months ago? Or are you just putting together the stories about people needing to prove they’ve got the money to look at the books and Moat still being in the race so you’ve come to the conclusion that he’s got the money, funnily enough both stories were from the chronicle!

    No I’m actually going off a interview with Keith Harris which he said that before we negotiate with anyone or let them check the ins and outs of the club the interested party will have to prove they have the ware with all to complete and deal and invest in the club in the future.

    That sounds to me like he has the money!

    It’s more than likely that what is happening at the moment is that they can’t agree on a price. I think it’s called negotiating!

    The press as per normal have got hold of the wrong end of the stick. Probably because they have no infomation….

    Has for Ashley’s spokesperson they have lied and lied and lied some more through thi whole process so I take everything they and Llambias say with a ton of salt.

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  • Rangerman

    Aug 12, 2009 at 2:24 PM

    Comment #15

    Who said Moat has looked at the books?

    I don’t think anyone has apart from the press, which funnily enough you were saying that we shouldn’t trust, but now you are claiming it as if it’s fact.

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  • carrollfan

    Aug 12, 2009 at 2:26 PM

    Comment #16

    Could Moat and Shepherd not put a joint consortium together to buy the club?

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  • Mark-o

    Aug 12, 2009 at 2:29 PM

    Comment #17

    Rangerman:

    Why has the press looked at the books and Moat hasnt?
    Makes no sense if he was serious about putting a bid together.

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  • punk skunk...

    Aug 12, 2009 at 2:29 PM

    Comment #18

    It’s a moot point about all this ‘lyin’ that’s gone on…It could be construed as : the powers that be don’t want the media knowin’ anythin’ until somethin’ solid is happenin’…Just a thought!..
    …After all, the spin machine that is the press/media are lyin’ tossers themselves & have shown nothin’ but contempt for this club for i don’t know how long now!..
    …Personally, i’d tell them nowt!..

    …So, lyin’ could be just dis/misinformation!..

    …& i doubt very much that it’s aimed at us!..

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  • magforlife

    Aug 12, 2009 at 2:30 PM

    Comment #19

    Rangerman – how does the sale of our best assets for 20m and the huge reduction in the wage bill not affect the price of the club, enlighten me please.

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  • Rangerman

    Aug 12, 2009 at 2:34 PM

    Comment #20

    Why has the press looked at the books and Moat hasnt?
    Makes no sense if he was serious about putting a bid together.

    ….

    I didn’t say the press has looked at the books, I said they were the only ones to say Moat has.

    The problem is people want to believe the press when it suites them, they want to believe that Moat is interested even though it’s only been reported in the press yet when the same press report that he’s struggling to get the money together they want to say that’s media lies.

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  • tino_asprilla

    Aug 12, 2009 at 2:35 PM

    Comment #21

    Are not at the point now where we can be like ‘fair play Mike, stay and get your shit sorted, get the team sorted and push on?’

    This definitely can’t go on till christmas.

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  • Stuart79

    Aug 12, 2009 at 2:36 PM

    Comment #22

    Rangerman // Aug 12, 2009 at 2:24 PM

    Who said Moat has looked at the books?

    I don’t think anyone has apart from the press, which funnily enough you were saying that we shouldn’t trust, but now you are claiming it as if it’s fact.

    Think you’ll find that there has been a data room set up on line so perspective buyers to look at the finances. Before they could do that they had to show they had prove of funds.

    The pressdon’t know anything. The local journo’s have said that thier getting no info so why believe them?

    I’m inclined to listen to people like Harris.

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  • Mark-o

    Aug 12, 2009 at 2:37 PM

    Comment #23

    My appologies Rangerman, lost in translation! 🙂

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  • Rangerman

    Aug 12, 2009 at 2:41 PM

    Comment #24

    Rangerman – how does the sale of our best assets for 20m and the huge reduction in the wage bill not affect the price of the club, enlighten me please.

    ……

    Is this a serious question?

    Whether the club has 3 assets worth £20 million or it sells them and has £20 million sat in it’s account as either money or a guarantor, it’s still £20 million the club has.

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  • Stuart79

    Aug 12, 2009 at 2:44 PM

    Comment #25
  • Rangerman

    Aug 12, 2009 at 2:45 PM

    Comment #26

    So you believe that Moat is interested because the press have said so but you don’t believe he’s struggling for the money because the press said he was?

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  • magforlife

    Aug 12, 2009 at 2:47 PM

    Comment #27

    Rangerman – you an accountant?
    Yes it was a serious question, how do you know its sat in account or a guarantor(?), if the squad is worth 20m less and 20m less in debt because of it plus the drop in the wage bill how can the club still be worth the same?

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  • punk skunk...

    Aug 12, 2009 at 2:55 PM

    Comment #28

    As per,
    the rags (the times this time) are just regurgitating what has already been spewed forth, by, you guessed it…the rags!..

    …It must be true then!..

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  • Stuart79

    Aug 12, 2009 at 2:58 PM

    Comment #29

    Rangerman // Aug 12, 2009 at 2:45 PM

    So you believe that Moat is interested because the press have said so but you don’t believe he’s struggling for the money because the press said he was?

    It’s called having a brain you moron!

    Every paper and media source has said that Moat is involved, Harris himself said that there needs to be local interest in a takeover.

    If all media outlets ar coming with one story it tends to have an elimant of truth in it.

    Also if he wasn’t interested he would have denied it like every other person has who’s not been involved.

    He cannot say anything due to NDA’s ect….

    You try and generalise everything and unfortunately the real world doesn’t work like that.

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  • komfort

    Aug 12, 2009 at 3:09 PM

    Comment #30

    magforlife , the club’s value does remain the same after selling off it’s assets , unless of course ashley sell’s them below book value…but he wouldn’t do that would he…??..aye probably.

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  • Mag 48

    Aug 12, 2009 at 4:14 PM

    Comment #31

    Heres a thought : Before putting the club up for sale it was suggested that Ashley was looking for local buisness men to invest in the club.Moat has already done this I beleave.Purhaps Ashley wants him to go further with more cash so he can take it off the market? Just a thought.

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  • the holy grail

    Aug 12, 2009 at 4:27 PM

    Comment #32

    magforlife

    its doesnt affect the clubs value and any1 else for that matter bacause of the fact most of the martins money went to inter what we owed them and the bassong money probley be used to pay for the keegan suing the club. the propersition will luck better with less outgoings e.g the keegan senario but to value a club is nearly impossible appart from assets e.g training ground and st jamses because when you try value the squad it goes out the window.

    also this mort has had ages if he really wantes to russle up a few quid to buy the club he knew the price from day one .but the fact is 10mil stumbling block doesnt sound good

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  • magpie6699

    Aug 12, 2009 at 4:31 PM

    Comment #33

    One thing that doesn’t add up for me is the line we hear from some people that NOBODY’S interested in the club. If so, there’s an awful lot of official silence and passed deadlines. If Ashley was merely playing sneaky, he would surely have lifted the embargo on sales a while ago. Makes me think that there is still some interest in the club – perhaps not right for Mr ever-hopeful Ashley but some nonetheless.

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  • punk skunk...

    Aug 12, 2009 at 4:33 PM

    Comment #34

    Mag 48,
    i was thinkin’ that meself like!..

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  • punk skunk...

    Aug 12, 2009 at 4:44 PM

    Comment #35

    Too true magpie6699!..
    …Sound logic!..

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  • Bill F

    Aug 12, 2009 at 4:58 PM

    Comment #36

    MP6699 and Punk skunk, agreed. I seriously doubt that there is no one interested NUFC. We are too big compared to some of the recent buyouts.

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  • Bill F

    Aug 12, 2009 at 5:13 PM

    Comment #37

    “In NUFC”

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  • punk skunk...

    Aug 12, 2009 at 5:13 PM

    Comment #38

    Damn right bill f,
    …i know the turmoil has got to some of us & the pessimism levels have soared, but, we are worth a lot more than most, even in the present state we find ourselves in…It is hard to keep a proper perspective tho’, like!..

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  • d005uk

    Aug 12, 2009 at 6:30 PM

    Comment #39

    who brokered the deal to bring Ashley to St James anyone? I know!!!!

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