Time has to be called on the deal for Barry Moat to buy Newcastle from Mike Ashley this Friday.
Ashley and Moat – a good friends deal?
That will give at least some time for the Newcastle club to sort out their transfers, mainly incoming.
And if the Sun report this morning is true – that Moat will pay £80M overall for Newcastle, with £20M down now and £10M a year – then he has even less money than we first thought.
Moat is being given 6 years to buy the club? Surely not.
That sounds like a hopeless deal for Ashley to us, and is likely to be just rubbish reporting.
Surely other potential buyers, if they hear about those terms, would be in for Newcastle like a shot.
But maybe not since Ashley seems to have turned Newcastle into a toxic asset, with little interest being shown this time around in buying the club, which has really surprised us.
But this latest Newcastle soap opera must end soon, and if Moat cannot do the deal, it’s simply because he hasn’t got the money.
Of course the alternative is even worse, with Ashley keeping the club, which we’re not sure we can take.
If anybody can find a dumber piece of business, than that which Newcastle have engaged in over the summer, we’d like to hear about t.