Update On Newcastle United Sale


Then only thing Newcastle fans are worried about right now is if and when Mike Ashley is going to sell the club and get out of Toon.

Mike Ashley -and-Barry-Moa-001

Mike Ashley and Barry Moat – in happier times

There doesn’t seem to be too much new news on that today, and it looks like Newcastle businessman Barry Moat is still trying to find the funds necessary to buy his local football team from Mike Ashley.

Moat was said to be unhappy when his interest in an acquiring Newcastle was made public a week or so ago.

And Moat is still working diligently with lawyers to prove to Ashley that he is indeed a serious bidder, who can provide the club with a convincing financial package and a good and effective action plan to move forward.

It looks like Mike Ashley may believe he is in a better position than Barry to do just that, over the next two years, and therefore he has threatened keep to keep the club and bring in David O’Leary, before trying to sell it again either next summer or the year after.

At that time presumably the club’s financial books will be in better condition, and we may again be a Premier League side again.

But the scenario of Mike keeping the club will send shivers through the vast majority of Newcastle’s world-wide fan base, who are hardly pleased that Ashley has wrecked the club, during his short two year stint as owner.

As we reported yesterday, Moat’s bid is believed to include investment from Collingwood Insurance’s CEO  Alan Beenshill, but the bid is still short of the £100M being demanded by Ashley.

Ashley is now saying that no deal will be done before the Reading game on Saturday, so that means Newcastle will have at most just two weeks to strengthen their squad, and rid themselves of more high wage-earners, to get the wage bill down to something that is affordable.

And news today that Newcastle’s financial controller, John Irving,  has been in central London over the last seven days working with potential investors, so we think the deal is still potentially possible, if only Barry can get enough investment to close the deal.

If any fans had thought this would be the situation at the club after almost 12 weeks since we were relegated – nobody would have believed it. – nobody.

But that’s only because we were not clear on the depths of the incompetency of Mike Ashley in football ownership. The man has no right owning any football team, when he acts the way he has this summer.

Mike’s actions are completely consistent with being spiteful towards both Newcastle’s players and the Newcastle fan base.

And that’s not meant to unduly criticize or attack Mike – it’s simply the truth – and based on events of the summer.

Comments welcome.



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86 comments so far

  • Steve_48

    Aug 13, 2009 at 11:42 AM

    Comment #1

    Seems to me like he bought the club in almost the blink of an eye, and is being a pain in the arse when it comes to selling it, just sell it, move on and never come back to the North East again – no longer welcome.

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  • RyanToon

    Aug 13, 2009 at 11:43 AM

    Comment #2

    boring

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  • lesh

    Aug 13, 2009 at 11:44 AM

    Comment #3

    SNAFU….. is there no end to this saga?

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  • Fostino

    Aug 13, 2009 at 11:47 AM

    Comment #4

    tune into SSN, there heading to newcastle to talk about their first home game of the season

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  • spiderpig

    Aug 13, 2009 at 11:53 AM

    Comment #5

    hey ed.where has all this nonsense about oleary come from,its almost as if you say the name all the time eventually it will come true.its made up crap which winds folk up,especially me.as for the sale.i do not care who actually owns the club,its the people he employs to run it.as far as i am concerned ashley has the most money out of all the potential owners,otherwise it would be sold by now.100 mill is a snip for any billionaire.ashley should get rid of llambias.surround himself with decent football people who can work within his budget,people who the fans can respect.let them do all the communicating and the hiring and firing of managers/players.get back to being a real football club instead of this circus.

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  • AussieToon

    Aug 13, 2009 at 11:53 AM

    Comment #6

    Fostino or anyone can you pass on what is being said, to us unfortunate souls living a world away?

    Much appreciated.

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  • Davy Craig

    Aug 13, 2009 at 11:54 AM

    Comment #7

    A few fans warned last season that boycotting the club and Ashley’s businesses may lead to him being spiteful towards everything black ‘n’ white.

    It seems to me that this indeed has come true because a businessman who had the ability to earn over a billion pounds does not suddenly turn into a complete numpty. (He has quite obviously made some huge mistakes which have all been listed many times before).

    I think he’s decided that it’s his ball and he’s taking it in the house.

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  • cam_toon

    Aug 13, 2009 at 11:55 AM

    Comment #8

    He don’t care about Shearer,
    He don’t care about the fans,
    Newcastle United, is in the wrong hands.

    Says it all… Cheers DamToon. Ill be singin !!!

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  • Fostino

    Aug 13, 2009 at 11:55 AM

    Comment #9

    well that was shi*e, they just said nicky butt and barton are back training and the match is live on ss1 on saturday…yawn!!

    the sun is also linking us to tommy smith of watford

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  • Davy Craig

    Aug 13, 2009 at 11:58 AM

    Comment #10

    Spiderpig

    I agree that if Ashley stays he should get rid of Llambias and build a whole new team of people who know what they’re doing. However, there are many things that Ashley should do but he has become so obstinate and seems to refuse to do what’s right!

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  • punk skunk...

    Aug 13, 2009 at 11:59 AM

    Comment #11

    Er,
    hasn’t it been ‘reported'(?) that there will be no sale before this weekend anyway?..
    …& the last time i looked, it was thursday today & the weekend doesn’t actually start ’til friday at the earliest & then goes on thru saturday & sunday…So, isn’t this a bit premature?..
    …Or is it just me?..

    …Maybe the EU, US, NATO, the Gov, or maybe wikipedia have changed the rules on when weekends start & i’ve missed some important announcement!?!..
    😉

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  • AussieToon

    Aug 13, 2009 at 11:59 AM

    Comment #12

    Thanks for that fostino 🙂

    No news is good news? 🙁

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  • premier

    Aug 13, 2009 at 12:05 PM

    Comment #13

    Moat bid ditched

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  • ginkoh

    Aug 13, 2009 at 12:06 PM

    Comment #14

    This story will be the most tragedy epic I ever seen in my life. 1 year after begining and still go on without any sign for the end.

    But I ensure that after we pass it, We will be stronger and won’t do the same mistake again.

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  • Big Gaz

    Aug 13, 2009 at 12:07 PM

    Comment #15

    Listen lads… Ive got a little bit of overtime coming through this week.. anyone else fancy chipping in and clubbing together and getting that fat arse out of our beloved club once and for all..

    He calls himself a buisness man ?? the old wife who runs the sarnie shop near mine could run it better than him.. Why does he not p**s of back to cockney land and do something usefull like wash his mams car and take his stupid specky arse side kick with him…

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  • punk skunk...

    Aug 13, 2009 at 12:08 PM

    Comment #16

    sly sports are only gonna be at SJP ‘cos they might witness the locals in a state of unrest, it’s got ball all to do with football, it’s about tryin’ to find a ‘sensationalist spectacle’ to ‘report’…
    …They love our very public demise & the idea of watchin’ us eat ourselves & then further demise…craploid wa**ers!..

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  • Big Gaz

    Aug 13, 2009 at 12:09 PM

    Comment #17

    I hope you are reading this Mike Ashley.. you have ruined what was once a wonderfull club… you do not belong here..

    Please go away…

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  • AussieToon

    Aug 13, 2009 at 12:10 PM

    Comment #18

    premier – where did you hear that?

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  • Fostino

    Aug 13, 2009 at 12:10 PM

    Comment #19

    SSN have just said again that they will be with us again as we prepare for our first home game of the season…there’s nothing being mentioned about the sale of the club tho!!

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  • punk skunk...

    Aug 13, 2009 at 12:12 PM

    Comment #20

    premier is a wum aussie,
    obviously from spuds etc…
    …Ignore!..

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  • Bill F

    Aug 13, 2009 at 12:14 PM

    Comment #21

    David Craig, do you seriously believe that? He might be an arrogant petulant SOB, but to deliberately throw money away out of spite!
    I have a sneaking suspicion that he still hopes to own a successful club but he is struggling to finance this aim. The crunch has hit him hard.
    The Moat deal I reckon is a dead duck, if he is struggling to find the funds (as many others have already mentioned) Then how will he fund essential new player buys. The last sentence also is probably Ashleys dilemma.

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  • punk skunk...

    Aug 13, 2009 at 12:14 PM

    Comment #22

    premier (ship/league?)…
    oh how ‘very’ internecine!..

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  • punk skunk...

    Aug 13, 2009 at 12:16 PM

    Comment #23

    It’s ALL specujcture, ALL of it!..

    …No point in beatin’ ourselves up about ANY of it!..

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  • magforlife

    Aug 13, 2009 at 12:17 PM

    Comment #24

    Premier is a wind up, posted the same yesterday, the name suggests gloating lucky mackem.

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  • punk skunk...

    Aug 13, 2009 at 12:19 PM

    Comment #25

    Maybe, just maybe, Moat is THE Geordie investor that ashley wanted all along & they’re workin’ out some joint venture?..

    …Just as good a chance as any of the other bullsh that we’ve been fed for the last couple of months, huh?..

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  • punk skunk...

    Aug 13, 2009 at 12:20 PM

    Comment #26

    mag,
    it dwells in s*land, so not that lucky!..
    😉

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  • punk skunk...

    Aug 13, 2009 at 12:21 PM

    Comment #27

    Or maybe tottingham, ouch!..

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  • Fostino

    Aug 13, 2009 at 12:21 PM

    Comment #28

    im sick of all the speculation, why cant the club just update us regularly instead of fueling the amount of stories being written about us in the papers, which drives us fans mad!! having said that, some of the stuff lambias is coming out with is in par with the tripe joe kinnear mustered up

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  • Fostino

    Aug 13, 2009 at 12:23 PM

    Comment #29

    ‘we will be hearing from the NUFC camp soon on SSN’

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  • Davy Craig

    Aug 13, 2009 at 12:24 PM

    Comment #30

    Bill F

    Ashley suddenly had a huge windfall of over £1 billion. He’d have been been forced to pay tax on that (40%) so rather than give it to the tax man he had business advisers looking for investments. He would end up being able to gamble with that money instead of simply writing it off. He also invested in Adidas and Lonsdale to name but a few. His gamble with NUFC has failed so he has decided to cut his losses and get out taking as much as he can as possible with him. If he has thousands of people boycotting his assets then he’s not exactly going to be bending over backwards to throw more money into this venture to help them (us). This explains it all for me I’m afraid.

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  • punk skunk...

    Aug 13, 2009 at 12:24 PM

    Comment #31

    Fostino,
    probably ‘cos they ain’t allowed mate & also, the media spins everythin’ it gets it’s slimly paws on!?!..

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  • punk skunk...

    Aug 13, 2009 at 12:27 PM

    Comment #32

    I very much doubt that people who have that sort of wedge ever pay the regular tax rate, or even have the money in the uk, that’s what tax havens are for after all…The most crime is where the most money resides!..

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  • RyanToon

    Aug 13, 2009 at 12:32 PM

    Comment #33

    fostino

    it will be just hughton press conference

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  • AussieToon

    Aug 13, 2009 at 12:34 PM

    Comment #34

    lol

    There is no way known Ashley a)pays the tax rate on his funds, and b)has that much in cash funds anyway.

    He would tie most of it in investments and as punk skunk said overseas banks….he of course would have a good accountant. His investments that were tied to the share market including shares and property is where he has lost most of his worth!

    This was always a play thing for Ashley. He isn’t to bad out of it.

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  • Bill F

    Aug 13, 2009 at 12:35 PM

    Comment #35

    David Craig ok, thats a fair comment but what is his current worth, all of his assets have been hit hard. I still find it unlikely he is ruining us out of spite. I think it’s more of a runaway train aspect and he just cannot get off it.

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  • punk skunk...

    Aug 13, 2009 at 12:35 PM

    Comment #36

    For accountant, read, highly paid, highly trained robber!..
    🙂

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  • Davy Craig

    Aug 13, 2009 at 12:38 PM

    Comment #37

    Bill F

    I think that you’re right in your assessment as well and that it’s sadly a bit of both.

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  • punk skunk...

    Aug 13, 2009 at 12:43 PM

    Comment #38

    Most of his losses will be theoretical for now, he’s probably got loads tied up in property, business, shares etc…
    …When everythin’ turns around he’ll be sorted again, people like him just need to hang fire for as long as poss & ride the storm…Financial things are already on the turn!..

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  • sahota

    Aug 13, 2009 at 12:54 PM

    Comment #39

    Such is the situation that I can not think positive. I can still see us discussing same old story of who will be taking over on Monday. I just hope we win on SAT.

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  • lesh

    Aug 13, 2009 at 12:58 PM

    Comment #40

    Spiderpig@ 5

    Totally agree with the sentimentys about getting rid of Llambias – in fact I said that last season when I’d suggested that a man with Ashley’s interests does not personally manage his subsidaiary companies – he employs Managing Directors to do that!

    In this case, I am just astonished that he’s retaind faith in Llambias who one would assume was appointed to make a success of Ashley’s investment.

    He’s hardly done that and I’m surprised he’s not been sacked!

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