Newcastle Extend Deadline To Assist Moat To Buy Newcastle


Newcastle issued their long awaited statement today and the news could be good for Newcastle supporters.

mike ashley barry moat

Ashley and Moat – more time for Moat to purchase club

This is today’s statement:

Newcastle United Football Club confirms that it has extended its deadline to Barry Moat to table an offer for the Club.

The extension has been granted in order to allow Barry Moat and his advisors to conclude funding arrangements with Barclays, current bankers, for the continuation of last season’s £39M facility.

This would allow a formal offer to be tabled.

It’s a little amazing that Moat has still not put an offer in for the club, but exactly when that offer has been extended to, is not known.

Let’s just say we have 8 days of the transfer season left and the whole summer, since the end of May, has tied the club up in this sale. Thank heavens for Chris Hughton and the excellent attitude of the Newcastle palyers through all of this.

The players will be buoyed by the news that Ashley could be leaving.

Let’s hope Moat, or Shearer or somebody, has already lined players up to buy, or to get in on loan, so our squad can be extended before 5:00 pm next Tuesday.

But the more than dreaded statement that Ashley would keep the club, has not come, not yet anyway. 😀

Comments welcome.



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146 comments so far

  • Dan4Toon

    Aug 24, 2009 at 12:14 PM

    Comment #1

    It is good news obvious the best would have been that he has taken over, but with a 7 day deadline it doesn’t mean it has to go to very last second of that deadline !!

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  • AlanSmith.

    Aug 24, 2009 at 12:17 PM

    Comment #2

    a takeover surely must be imminent. i thought moat had well off backers in the US or Asia! if he is having to get money from barclays to buy NUFC then i doubt there will be much money if any for players..

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  • RyanToon

    Aug 24, 2009 at 12:19 PM

    Comment #3

    TAKE YOURE BLINDFOLDS OFF PEOPLE

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  • Magpietillidie22

    Aug 24, 2009 at 12:19 PM

    Comment #4

    Everyone is saying a week, who said its been extended a week? For all we know hes given him 3 days because he knows hes close already or even 48 hours even 24 hours lol noone knows

    All we know is its swaying more to the fact we will be taken over rather than we wont be.

    GET IN!

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  • korn8

    Aug 24, 2009 at 12:21 PM

    Comment #5

    Well, some news are better than no news. But didn`t Barry Moat have financial backing from USA? What does that mean? Are he loaning a lot of money from foreign investors/banks? Or is there actually other investors that will own the club with Barry Moat? I suppose “consortium” should indicate Moat & CO. If he can fix the debt issues and get the supporters with him, this is fairly promising. Let`s get Shearer and we could probably get some decent loan deals. Perhaps with some clauses that could give us a chance of signing them permanently in january or next summer.

    Please, we just need some stability! I`m actually touched by the way the players and supporters unite. We could not asked for much more againt WBA, Reading, Sheffield W and Crystal Palace. There truly is only one United – Newcastle United!

    Best regards from Norway

    Howay The Lads!

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  • sahota

    Aug 24, 2009 at 12:22 PM

    Comment #6

    Only GOD knows whats going to happen. Nobody bloody have a clue. They just posted this press release because they don’t want SKY and others to bother them.

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  • chanty

    Aug 24, 2009 at 12:23 PM

    Comment #7

    so is MA actually asking for 140M for the club?

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  • Tal_nufc4eva

    Aug 24, 2009 at 12:23 PM

    Comment #8

    hallaw evree 1 av bn a member on this site for a while but aah lost me password lol, aahd just like to say that if all you people are sayin ” arrr mike wont selll, thats it we’re fu*ked” well why is he saying that he’ll extend time if he wont accept an offer so either way its just a matter of time before we get a new owner :p haway tha lads !!!!!

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  • Dan4Toon

    Aug 24, 2009 at 12:23 PM

    Comment #9

    Magpietillidie22 // Aug 24, 2009 at 12:19 PM

    David Craig said so he now he 7 days to conclude a deal and it also says on Gazette!

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  • Ericles

    Aug 24, 2009 at 12:23 PM

    Comment #10

    I hope it happens sooner than later. The deadline means within the week? It does not mean dead on a week surely? If Moat gets Barclays to agree on Tuesday then the offer is on? I do not think the deadline extension means right up to the last panicking seconds – hope not anyway. I want to start September with fat Ashley back at his Spurs box and big Al contemplating the Cardiff game (but rather it was Leicester).

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  • Tal_nufc4eva

    Aug 24, 2009 at 12:24 PM

    Comment #11

    eny 1 lookin to go the the huddersfeild town game go on toon ultras website n get the link to their facebook page. ( they’ll tel you whats goin on) huu else is gannin????

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  • jamie

    Aug 24, 2009 at 12:25 PM

    Comment #12

    Barry i have 14.74 in my piggy bank you can have it if you want man! anything to get ashley a bit closer to the door

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  • sahota

    Aug 24, 2009 at 12:25 PM

    Comment #13

    guys guys guys……Don’t yet start DREAMING…. lets wait for this saga to finish. We need not to raise our hopes as Mike is stupid and can go to any extent to damage Newcastle.

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  • batty

    Aug 24, 2009 at 12:26 PM

    Comment #14

    RyanToon // Aug 24, 2009 at 12:19 PM

    TAKE YOURE BLINDFOLDS OFF PEOPLE
    <<<<<your starting to soud like that pr:ck hitman

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  • RyanToon

    Aug 24, 2009 at 12:27 PM

    Comment #15

    You will all be disapointed lads, i know it

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  • Geordie-Gerrard7

    Aug 24, 2009 at 12:27 PM

    Comment #16

    lads this is good good news, im happy with it, the next week will be v exciting.

    i just want to say, that were on tv next monday, transfer deadline the tuesday were in for a treat i recon.

    anyone see young danny has been aloud to play for us in the cup, good news, and he seems like a great lad, not just a v.good fullback.

    how good is wor jose btw, he is in my opinion looking better than habib did for us

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  • RyanToon

    Aug 24, 2009 at 12:27 PM

    Comment #17

    Well Batty tbhwy i couldnt give a fck

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  • Dan4Toon

    Aug 24, 2009 at 12:28 PM

    Comment #18

    At the end of the day, he wouldn’t extend deadline if he wasn’t going to accept because am sure Ashley will know how much Moat will offer and if it was going to be less the 100m he would of took it off the market!

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  • toonsy

    Aug 24, 2009 at 12:29 PM

    Comment #19

    Key word – CONCLUDE with Barclays, that suggests Moat is sortin out a transfer of the overdraft to his name. The rest of the statement sounds as is MA will accept.

    Its more positive than at first thought, why cant people just see the psoitives?

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  • AlanSmith.

    Aug 24, 2009 at 12:29 PM

    Comment #20

    jamie — ill put that in aswell as well to get him out.. and ill also offer to personally carry him to london.. where i will strap 1 ton of brick to his ankles and push him in the thames… the tyne is to good for that SWINE!

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  • Robby Bobson

    Aug 24, 2009 at 12:29 PM

    Comment #21

    I wish that my boss was Mike ashley with all these extended deadlines.

    However, if Mike thinks that it will not go through then he would want to get his own man in ASAP and i think its the case that he doesnt want to pull the plug for the sake of a few days or a week.

    I read places like newcastleutdmad website that he is stripping the club of assets and pocketing transfer money to regain what he paid and to get vengence against the fans. How can that be true because would barclays really offer a 40mill overdraft if the owner was pocketing income. NO! Would Moat buy the club knowng that Ashley is pocketing the money from players? No!

    Ashley has destroyed the club and once again left us in limbo, but some people really need to get a grip.

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  • korn8

    Aug 24, 2009 at 12:29 PM

    Comment #22

    4 Magpietillidie22:
    All we know is its swaying more to the fact we will be taken over rather than we wont be.

    But at least there is SOMETHING. Not just crap from journos trying to get attention. The club have made an official statement, and there looks like things are happening.

    How many times have i read at different forums: “Arabs in for Toon!” “Billionaire tosser wants to buy Newcastle United” “Former Sunderland investor bids for Newcastle”.. Blablablabla… Or worse: “No one wants Newcastle United” “Shepherd moves in”. F…..k b..ls..t!

    RyanToon: What do you mean by that?

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  • RyanToon

    Aug 24, 2009 at 12:31 PM

    Comment #23

    RyanToon: What do you mean by that?

    by that?

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  • Spitfire

    Aug 24, 2009 at 12:31 PM

    Comment #24

    Dunno if this is good news. At face value you think “that means that the Moat deal is almost done”

    But it could also mean that Barclays have put the mockers on the overdraft transfer and there is now blind panic by Moat to try to attract more or new backers with no time to do it. Christ he has had 3 months to sort this out. Does it fill you with confidence?

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  • Chris F

    Aug 24, 2009 at 12:31 PM

    Comment #25

    Surely I’m not the only one who is concerned that this may be yet another pathetic attempt by Ashley to make it appear he’s doing what’s good for the club, when he’s really just stalling til after the window is closed so he can get away without having to spend a penny on players?

    I hope I’m wrong, but I wouldn’t be shocked if i were right.

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  • Davy Craig

    Aug 24, 2009 at 12:32 PM

    Comment #26

    This just goes on and on! I’m worried that a deal won’t take place and then we end up signing no new players and we have a last minute fire sale with players desperate to leave at the last minute.

    Also, if Moat buys after all this what sort of money does he have to buy players now or in the future if he’s struggling to get an extension on the Barclays £39m loan? I agree with Ed that he has to already have Shearer and signings lined up to happen really quickly but how would that be the case?

    Surely Shearer and/or a prospective buyer of any club cannot be allowed to tap up players and unsettle them in their clubs when they have no affiliation to any team at this stage. I think at best we’ll be settling with what we have until at least January now so let’s hope we don’t get any injuries or further sales.

    Moat has had a deadline to work to and hasn’t actually met it which doesn’t say much about him or his financial clout. Ashley could quite easily have called the deal off. Things don’t look good either way to me – in the short term anyway.

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  • korn8

    Aug 24, 2009 at 12:33 PM

    Comment #27

    Dan4Toon: Good point! There have to be an agreement regarding 100 m or less.

    chanty: The issue now is how to finance 39-40 m £(overdraft) that we owe Barclays from last season, not Ashley.

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  • Joseph

    Aug 24, 2009 at 12:34 PM

    Comment #28

    chanty //so is MA actually asking for 140M for the club?

    no whats going on is moat is attempting to get the overdraft facility that barclays provide transferred to him

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  • ToonRich

    Aug 24, 2009 at 12:35 PM

    Comment #29

    Chanty, I think you could be right that MA is infact after £140m – which would include this overdraft which seems to be holing up any sale…I thought MA was wiping this loan anyhow?

    Hopefully we’re on the final straight to a takeover now 🙂

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  • korn8

    Aug 24, 2009 at 12:35 PM

    Comment #30

    Ryantoon:
    1.what do you mean?
    2.I`m norwegian, not your f…ing teacher in english 😉

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  • Robby Bobson

    Aug 24, 2009 at 12:36 PM

    Comment #31

    The deal will happen at the end of the trrasnfer window but i doubt the would actually sign any players anyway. Loan deals and lovenkrands is what i think we will do and that can happen after 31 August.

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  • MarinerUK

    Aug 24, 2009 at 12:37 PM

    Comment #32

    How long does it take for Barclay’s to decide? At day at most?! You’d think they would know that the window is going to shut soon.

    To be honest Moat could give an update too now that Newcastle have said he is basically the only person interested.

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  • Dragonera

    Aug 24, 2009 at 12:37 PM

    Comment #33

    The same thing that is happening with Portsmouth is happening with us. No take-over will be completed until just before the transfer window closes. That way it will be “too late” to make any signings in this window. This is to give the new owners sufficient enough time to assess the state of the club before digging in their pockets for signings. With the team performing well at the minute most prospective owners will be reluctant to incur, what they would consider, unwarranted costs. Don’t expect any news until late this week EARLIEST.

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  • RyanToon

    Aug 24, 2009 at 12:38 PM

    Comment #34

    korn

    what do i mean, ABOUT WHAT?

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  • korn8

    Aug 24, 2009 at 12:39 PM

    Comment #35

    “RyanToon // Aug 24, 2009 at 12:19 PM

    TAKE YOURE BLINDFOLDS OFF PEOPLE”

    ?????????????????????

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  • chanty

    Aug 24, 2009 at 12:39 PM

    Comment #36

    just been told i am not allowed a refund for my nufc tv subscription, ffs!

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  • Chris F

    Aug 24, 2009 at 12:42 PM

    Comment #37

    no, Ashley is not asking for £140m as Joseph points out.

    the business (ie the club) has a £40m overdraft with Barclays. For the sale to go ahead, this will either have to be a) paid off by Fat Ash (HAH!) or as would appear to be the case, transferred over to Moat and whoever else is in with him.

    This isn’t about Moat requiring to find another £40m to push the deal through (though that would help matters somewhat), it’s about him proving to the bank that the club under his ownership would be able to service that loan (ie meet payments on it, etc).

    Hopefully it’s just a formality, because the club’s turnover should be sufficient to cover repayments, fingers crossed.

    Of course, this will directly affect the amount available to spend on new players, etc, and i’d still expect a couple of big earners to be sold should Moat come in (ie barton and coloccini if he does as expected and appoints shearer)

    People seem to assume that an owner needs to be megarich himself. Fact of the matter is, while it is an advantage, a well run club, with a ground the size of St James’s should be more than capable of paying for itself without having to rely on handouts from rich owners.

    The problem lies in the way that we’ve squandered money under the current and past regimes.

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  • magforlife

    Aug 24, 2009 at 12:44 PM

    Comment #38

    39m is chicken feed in football, Liverpool owe the banks 600M plus and Man U 720M plus all clubs have some sort of debt, we have good revenue from gates and merchandising and also the parachute payment to come.
    I honestly dont believe that the problem is that big that it cant be sorted.

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  • Dragonera

    Aug 24, 2009 at 12:45 PM

    Comment #39

    Also, i agree with Davy Craig. Moat has not got the money to propel us forward as a club. This take-over is completely pointless, and a sideways step. The simple fact of the matter is, NUFC simply does not appeal to prospective buyers anymore. Especially not for the current price when you can get Premiership clubs for cheaper. NUFC has built itself a reputation of having cancerus fans that turn on owners and drag the club down internally. Sorry, but its true.

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  • Magpietillidie22

    Aug 24, 2009 at 12:47 PM

    Comment #40

    Dan4Toon // Aug 24, 2009 at 12:23 PM

    Magpietillidie22 // Aug 24, 2009 at 12:19 PM

    David Craig said so he now he 7 days to conclude a deal and it also says on Gazette!

    Yeah BUT the actual statement (the only piece of fact) has no mention of deadline amount

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