Fans 401 Group Can Hardly Be Creditable


It;’s hard to know what to make of this new bid presumably being made by the Fans 401 consortium, and fronted by former Spurs defender Graham Roberts.

nufc-crest

Graham has claimed they will meet today meet Derek Llambias to discuss a £100M buy-out.

But we cannot help but think this is a waste of time, because remember this group hasn’t done any due diligence at all, so in the very remote chance a takeover will happen, it will take at least a couple of months.

Where Newcastle will be then, with all this uncertainty surrounding the club, is anybody’s guess.

But Roberts insists his group are serious contenders, but since they have no idea of the size of Newcastle’s debt, that has to cast doubt on the seriousness of their bid.

Roberts said:

‘We are called Fans 410, it is some people I know who want to buy a football club and we have approached Newcastle and we have a meeting with the chairman and that is where we are at the moment,”

‘We have to find out what the debt is. The bottom line is no one knows what the debt is and when we talk to the chairman tomorrow we can take it from there but we are very keen.”

It’s not accurate to say no one knows what the debt is, because those groups who have already been through due diligence on the club, will know exactly what the debt is, and why they have been scared away, in all probability.

Our gut feel is to dismiss this bid as some publicity stunt.

Comments welcome.



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34 comments so far

  • Mr Books

    Aug 20, 2009 at 11:08 AM

    Comment #1

    If this is anything other than a smoke screen to try and get Moat to stop haggling and pay the 100 million, then they are stupid anyway. If it is truly a fans representation, then the sensible way forward, especially at this stage would be to look to immediately gain a portion of control for the fans by approaching Moat and supplementing the funding to his bid rather than trying to compete with it.

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  • NUFC-0809-Oh Dear

    Aug 20, 2009 at 11:11 AM

    Comment #2

    Exactly Mr Books.

    They are trying to pressurise MOAT into offering the full amount!

    lso talk of the guy who was buying Pompey saying he will give us £100m, sounds like a similar story!

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  • BASSKING-FUSE

    Aug 20, 2009 at 11:11 AM

    Comment #3

    i haven’t been on in a while…
    Better change my name.
    The lads played okay enough for this league last night. It looks like shola is just perfect for this league, just like Ebanks Blake. Hughton did well to keep Ranger off until the end. He should keep doing it until the transfer window shuts.

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  • BASSKING-FUSE

    Aug 20, 2009 at 11:13 AM

    Comment #4

    We need this sorted NUFC OH DEAR your right Mike Ashley should f*ck off before he gets hurt. His shops closing more stores :D!

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  • will die for the toon army

    Aug 20, 2009 at 11:14 AM

    Comment #5

    This is BULL I saw him on Sky and I didnt believe the word he said

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  • curmon

    Aug 20, 2009 at 11:23 AM

    Comment #6

    G Roberts = Ex spuds

    another one of Asleys spuds connections being used to cloud the issue. adding delay.

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  • Mr Books

    Aug 20, 2009 at 11:26 AM

    Comment #7

    Oops – cut off in mid flow 🙂

    If it is genuine, then it could potentially stall the Moat deal and be disastrous. While I would love a Barcelona style structure in place at Newcastle, it is dependent on the ability of the fans to afford it and right now they cannot.

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  • Sav

    Aug 20, 2009 at 11:30 AM

    Comment #8

    Would have been a great idea if it had been put together 3 months ago. Now its nonsense.

    Moat’s bid seems pretty tenuous as well. Can’t see why Ashley can’t stay on as an investor with, say, a 25% stake. That would minimise his risk, get his fat face off our tellys and let him maybe make some money back if someone else (Moat + Shearer?) can get us promoted and then Ashley could cash in his chips at a profit – maybe selling up in a share issue for fans.
    There’s hardly been a murmur from NUSC about a fans buy-in, which is a bit disappointing that they ruled it out or just didn’t have the leadership or commitment. I’m sure lots of fans would have been willing to contribute for a collective say. We are the stakeholders in every other sense.

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  • Ross

    Aug 20, 2009 at 11:31 AM

    Comment #9

    pile of sh!te if you ask me and stuff like this again just makes the whole situation look a bit pathetic. Where are all these stupid consortiums appearing from?, one day we’ve never heard of them, the next they’re talking live to SSN claiming they have 100million and they’re confident they can succeed. Its all alot of nonsense. Getting tired of these idiots using us as a publicity wagon, bugger off.

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  • Sav

    Aug 20, 2009 at 11:33 AM

    Comment #10

    …and they may not be creditable, but its not credible, Ed.

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  • Mr Books

    Aug 20, 2009 at 11:38 AM

    Comment #11

    the other thing that seriously worries me about fans 401 – its some people he knows that want to buy a football club (Just any old club?). And they’ve approached Newcastle.

    So not specifically Newcastle fans – just well some generic fans. Who thought well – Newcastle’s up for sale.

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  • lesh

    Aug 20, 2009 at 11:47 AM

    Comment #12

    Where have these guys been for the last 12 weeks?

    It seems highly coincidental that they show there faces as negotiations with Moat et al are at the critical stage!

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  • BASSKING-FUSE

    Aug 20, 2009 at 11:48 AM

    Comment #13

    The bids a joke!
    I bet its Fat Ash’s mate and Mike asked him to do it, or it might even be the lump him self. Its to put some MORE pressure on Moat.

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  • kimbo

    Aug 20, 2009 at 11:48 AM

    Comment #14

    Ca
    Can`t believe people think Moat`s offer is a serious bid and not a scam by ashley to try and force a sale to others.Alledgeldy Moat introduced Ashley to Nufc in the first place , Barclays won`t lend £100million to some one like him with his track record.

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  • dak76

    Aug 20, 2009 at 11:51 AM

    Comment #15

    I agree with SAV’s comment about selling a 75% stake, then selling the rest once we get promotion at a better profit. I posted something similar the other day. Makes sense to me and would allow the club to finally move forward!

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  • kimbo

    Aug 20, 2009 at 11:58 AM

    Comment #16

    Another thing that Ashley could try is to handover the running of the football team to a new consortium for free ,but lease the training and stadium facilities for a fee ie £15million a year thus Ashley could get his money back over a period of years.This would leave a new consortium only having to stump up a smaller amont upfront leaving more money to buy new players etc.

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  • Solaidback

    Aug 20, 2009 at 12:15 PM

    Comment #17

    This bid is bumkis & is only being made to divert attention off the real story, which is, Moat isn’t willing to pay £100m for the TOON + debts/overdraft of £40m, so as this was supposed to be sorted last Friday, then yesterday & now it’s this weekend, then it’ll be next Wednesday, thennext Friday & oooppss the transfer window is closed & Ashley will pull the plug on selling the club again!!!

    If someone wanted to buy the TOON, they wouldn’t come out & say “we have £100m & want to buy a club” they would say we have backing to buy the club, we don’t need to check the debts because we know we have enough money to pay whatever it is & that doens’t worry us!!!

    Just like when Citey were brought, they didn’t care, they brough the club & worried about any debt afterwards, so get use to it guys, Ashley ain’t going anywhere until someone who’s richer that him comes in with millions to spend & willing to spend it!!!

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  • Bill F

    Aug 20, 2009 at 12:16 PM

    Comment #18

    More pointless speculation that most of us cannot be *rsed about.
    Another appearance, in my opinion of the Mythical “Oomy Goomy bird” that mysteriously appears, flies up its own backside and then dissappears again.
    As Joe Friday used to say, “Just give us the facts (truth) mam”

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  • Solaidback

    Aug 20, 2009 at 12:29 PM

    Comment #19

    Ed, you stated above “Our gut feel is to dismiss this bid as some publicity stunt.” so why have you decided to give these people the publicity they seek if not to help them??

    Doesn’t make sense to me!!

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  • RyanToon

    Aug 20, 2009 at 12:34 PM

    Comment #20

    He is lying Roberts

    one day hes group was called 410

    the next day 401

    stinks of lies

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  • dave 1961

    Aug 20, 2009 at 12:41 PM

    Comment #21

    the name 410 is because that’s how much a immensely wealthy person has supposedly given them for this project, if true I will become religious as I think there is more likely to be a god than someone donating 410 million dollars, hmm I did not become an atheist for nowt.

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  • punk skunk...

    Aug 20, 2009 at 12:48 PM

    Comment #22

    Omg,
    when are we gonna realize that when buyin’ somethin’ big, like a multi-million £ business, all parties are gonna be cagey & certain things are gonna come across as lies, BS & the like…
    …That doesn’t mean that that’s what’s happenin’…It’s business dealin’, couple that with NDA’s & the rules of the (sweet) FA & you’ve got some ‘seemingly’ very strange things said in public!..
    …Hello?..

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  • Tino 11

    Aug 20, 2009 at 1:02 PM

    Comment #23

    My take on all this is;

    This latest group are a hoax, and i think Ashley could be behind it.

    I actually think the Profitable Group were working with Ashley too and just pretended to be out the running.

    I think Barry Moat is fronting Fat Freddy, and i think Ashley knows this so is inventing these other groups to up the price.

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  • bill

    Aug 20, 2009 at 1:24 PM

    Comment #24

    zzzzzzzzzzzzzzzzzzzzzzzzzzzz

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  • Bill F

    Aug 20, 2009 at 1:27 PM

    Comment #25

    Hey Bill, are you a doppleganger, comment 24 is one of my signature comments. 🙂

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  • Nick D

    Aug 20, 2009 at 1:39 PM

    Comment #26

    Ed I don’t think we should dismiss it out of hand as it would be brilliant to be run as a Barcelona or madrid. However, totally in agreement with mr Brooks .

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  • dave 1961

    Aug 20, 2009 at 2:21 PM

    Comment #27

    I would, I heard a name of the sponsor and he has no connection with NUFC, Newcastle, or even football, maybe he watches a copy of the likely lads and wants to be a Geordie, or his great, great, granddad worked down the pit or something I bet. a hoax.

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  • bill

    Aug 20, 2009 at 2:35 PM

    Comment #28

    Bill F:

    Just tired of this take over talk.

    I just want it done and dusted, I’m sick of waiting. My life might be able to get back to normal once it is completed.

    So I’ll just zzzzzzzzzz until it is.

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  • Lew Davies

    Aug 20, 2009 at 3:07 PM

    Comment #29

    Tino11 – have to agree with you about moat being a front for FFS. And Ashley probably knows it too.
    So how does that make you feel? Would you still be happy to have FFS back?
    Sick of the whole f u c k i n g situation.
    Cant believe some stinking rich rag head hasn’t come along and done the deal already.
    CRAZY.
    🙁

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  • Tino 11

    Aug 20, 2009 at 3:22 PM

    Comment #30

    Lew Davies // Aug 20, 2009 at 3:07 PM

    Tino11 – have to agree with you about moat being a front for FFS. And Ashley probably knows it too.
    So how does that make you feel? Would you still be happy to have FFS back?
    Sick of the whole f u c k i n g situation.
    Cant believe some stinking rich rag head hasn’t come along and done the deal already.
    CRAZY.
    ————————————————————
    Not sure how i feel about FFS coming back, i do think Moat and Ashley are playing games with each other, Ashley because he thinks FFS is involved and Moat because he doesn’t think there are any other bidders so won’t offer the full 100 million.

    If FFS returned and was kept under a tight leash with how the money was spent then it wouldn’t be so bad, but who ever was supplying the money would have to watch him all the time, i also wouldn’t allow him to negotiate players contracts!

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  • Paul141726

    Aug 20, 2009 at 5:12 PM

    Comment #31

    I don’t think the 401 bid is credible and could just be Ashley (with help) trying again to get his full asking price. Someone said earlier that the Profitable bid was also like this situation. Both saying that if they get the club they will run it like Barca or Real. IF IT WERE TRUE!! Nothing to say its not, but color me scepticle. My opinion—Ashley will still own the club next January. Unfortunately. Question-why, if the club were for sale for the last 8-10 weeks, was not 410 at the front of the qeue then? Anyone have an explanation or theory on it?

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  • Rangerman

    Aug 20, 2009 at 11:01 PM

    Comment #32

    Perhaps the 2,000 NUSC members are going to put in £50k each to buy the club?

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  • Rangerman

    Aug 20, 2009 at 11:07 PM

    Comment #33

    People have been watching too much wrestling with all of this shifty behaviour, we’re not being bought out by Vince McMahon ffs.

    *Profitable were time wasters after the free publicity.

    *Moat wants us but can’t afford us.

    *Fanbase…well, I’m not too sure. I could believe that someone wants to buy us with this model in mind, but it will take 12 months to sort the shares out when they hope we will be in the Premiership, so will value the shares higher pocketing someone the difference.

    Or it could be b0ll0cks.

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  • SBR4EVA

    Aug 23, 2009 at 1:03 PM

    Comment #34

    :vomit:

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