Chris Hughton Expects Movement On Sale Shortly

With Mike Ashley and Barry Moat presumably still in discussions about the Newcastle sale, and no news form Barclays Bank on the loan, it looks like Chris Hughton will be in charge for tomorrow’s game against Sheffield Wednesday

Chris Hughton _482571695

Chris Hughton – in charge for Sheffield Wednesday game

And it looks like Chris may even be in charge on Saturday in London for the trip to Crystal Palace. That will make it 13 weeks without a full time manager at Newcastle – how ridiculous things have been at the club this summer.

However, Chris himself believes there will be progress on the sale, one way or another, over the next few days.

“We are approaching the stage where some decisions have to be made and that could change the situation,”

“I’ve not been told anything new at this stage but we are getting there.”

“I’m working very much on a day-to-day basis at the moment and will continue to run things until I’m told otherwise.”

“We will obviously have to take a look at things if we get injuries and it’s inevitable that there is a certain amount of planning for that.”

It must be difficult for Chris to not know when his interim management will be up, but he’s done a good job this summer, along with his assistant Colin Calderwood, and the both of them will be hoping for all 3 points tomorrow against Sheffield Wednesday.

We were told on Saturday that Barclays Bank would get an answer back to Barry Moat by tomorrow on his loan application, which we think includes funds for new players by the way, so we are hoping for some news on the sale perhaps before the game tomorrow night.

But whatever happens, job one tomorrow is to get another 3 points in the bag against the Sheffield club .

Comments welcome.

18 comments so far

  • HalftimeBovril

    Aug 18, 2009 at 9:53 AM

    Comment #1

    Anybody seen Geordie Gerrard today?

    Wondering if he has any updates on the info he gave us yesterday?

  • Dragonera

    Aug 18, 2009 at 9:54 AM

    Comment #2

    Been saying the same thing for over a month now. I dont think a sale is going to go through, it’s just another convenient excuse for MA not to spend any money (much like the ones that stopped us from buying in the last window…and the one before that etc)…which is a bit strange really, how can you sanction sales when the club is in the middle of changing hands, but not sanction acquisitions?…Asset stripping.

  • NUFC-0809-Oh Dear

    Aug 18, 2009 at 9:56 AM

    Comment #3

    Big question marks in an article I read this morning of what Ca$hley has done with the £25M generated from sales, Barclays thought it would be paid off the club’s working loan but it appears that this is not the case.

    So has Ca$hley just pocketed this cash so that he looks like he is accepting a lower offer of £75M but really he has pocketed the full £100M he wanted!?!?

  • Dragonera

    Aug 18, 2009 at 9:58 AM

    Comment #4

    Oh Dear

    Maybe. If that were the case a sale would probably take place after Duff has departed…but i doubt this.

  • Waddles mullet

    Aug 18, 2009 at 10:00 AM

    Comment #5

    Get ready boys

  • HalftimeBovril

    Aug 18, 2009 at 10:04 AM

    Comment #6

    With regards to where the outgoing transfer money has gone, I’ve often raised the question whether selling these assets have decreased the value of the club.
    I believe Rangerman has been one of the people who felt pretty confident that this money was going straight back into the club. I think Keith Harris indicated the same thing when he spoke to 5live.

    Maybe the reason it’s not been used to pay off any debt is because it’s being held back for new players. Significantly though the wages saved would surely go into reducing the running costs/debt

  • Stuart79

    Aug 18, 2009 at 10:05 AM

    Comment #7

    Waddles mullet // Aug 18, 2009 at 10:00 AM

    Get ready boys

    Are u takin us up the aris here or what?

  • batty

    Aug 18, 2009 at 10:11 AM

    Comment #8

    halftime >>>>Maybe the reason it’s not been used to pay off any debt is because it’s being held back for new players.<<<< you cracked me up posting that lol

  • batty

    Aug 18, 2009 at 10:12 AM

    Comment #9

    f ive just seen a pig flying

  • stk85

    Aug 18, 2009 at 10:13 AM

    Comment #10

    i alwas thought it was too malicious for this money to be going staright into ashleys pockets. surely, in the public eye, you cannot do these things, and surely if that was happening, the FA would have to step in.

    i always felt the money was just going back into the club and also to repay loans and debt. but what do any of us know when we have an owner who continually makes incorrect stubborn decisions and is as transparent in the clubs dealings as a pool of tar

  • Norwegian_geordie

    Aug 18, 2009 at 10:13 AM

    Comment #11

    What does this mean?

    Found in “The daily Telegraph”:
    “Crucially Moat is understood to have secured the backing of Barclays, which provides the £40 million overdraft that allows the club to operate.

    It is understood that Barclays has been seeking assurances that the debt will be reduced as part of the takeover. It is though that the proceeds of recent player sales that have seen Obafemi Martins and Sebastien Bassong leave the club have not been used to reduce debt, causing some concern at the bank. ”

    Does this mean that all we are waiting for is a pressconference of some sort?

  • stk85

    Aug 18, 2009 at 10:17 AM

    Comment #12

    hmmmm well that money should be the clubs money and i would use at least ten million to pay back loans. show some initiative, ie. we will have some sort of credit rating

  • RyanToon

    Aug 18, 2009 at 10:31 AM

    Comment #13

    hughton knows something

  • HalftimeBovril

    Aug 18, 2009 at 10:37 AM

    Comment #14

    lol – just trying to think positive batty, I’m sure its already been placed and lost on red 32 on ye old roulette table.

    In all seriousness though all money received from outgoing players has either gone into Ashley pockets or as we are led to believe by Keith Harris, back into the club. If it’s not being used for paying off debts then surely it must be used for something, overheads and running costs maybe?

    Hopefully all will become clearer if the club is sold, however as we all know too well things are never just black & white at our club

  • magforlife

    Aug 18, 2009 at 10:46 AM

    Comment #15

    Wheres Rangerman, hes the self appointed last word on any financial matter relating to NUFC on this site?

  • Rodzilla

    Aug 18, 2009 at 10:50 AM

    Comment #16

    “…take a look at things IF we get injuries….”


    How about a bit of planning? Forward-thinking? I know it’s a lot to ask….

  • punk skunk...

    Aug 18, 2009 at 12:03 PM

    Comment #17

    What ashley does with money brought in, is his business, like it or not!..
    …He owns the club, after all!..

    …Would you tell all & sundry where your ‘business’ cash went, didn’t think so?..
    …There’s way too much interest in the financial side of things, particularly from the rags, so why would he enlighten those vultures(sorry to all vultures)?..

  • chuck

    Aug 18, 2009 at 12:37 PM

    Comment #18

    Same old same old, no one knows what`s happening.
    Expect to have MA as the owner for the forseeable future.


You must log in to post a comment.