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.
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.
‘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.