Helen Power of the Times is reporting that Mike Ashley has set a 5:00 pm deadline today for the Newcastle club to be sold.
Ashley and Moat recently at St. James’ Park
So if that’s correct, at least Mike is keeping to his word that today is D-day and he will decide whether the club will be sold.
5pm local time is less than four hours away at the time of writing, so we would expect an announcement on the official site shortly after that time.
The report suggests that Barry Moat is the only player, and he will be given another 4 hours to buy the club.
Derek LLambias said yesterday that Moat was there or thereabouts (whatever that means) in relation to meeting Mike’s price of £100M, so we have to hope (and pray) he can get the deal completed.
We hate to think about Ashley keeping the club another year, because every time we do we have to rush to the bathroom to vomit.
Yes, it’s really that bad.
Sources close to Ashley say he has still not received any official word from Barry Moat that Barclays bank, Newcastle’s lender, has approved the sale of the club for the Moat consortium.
The Times is suggesting the bank must agree to roll over the £40M overdraft to Moat’s consortium, before he can buy the club.
Let’s hope they agree to do that, otherwise we are going to be very disappointed in Barclays, that’s for sure.
You talk about going down to the wire – fingers and toes are crossed for a good outcome on this one.
It’s so important for the future of the Tyneside club.