Should Moat Even Be Trying to Buy Newcastle


We were all for Barry Moat buying the Newcastle club 3 weeks ago, but now that may be changing.

barry moat 23

Barry Moat – does he have enough money to run the club?

The last 3 weeks, at least on the outside, looks like no progress has been made,  or not much, in the potential sale of the club.

And the story of last week that Moat would be given support by Barclays but only if he reduced the Newcastle wage bill further, and selling 3 high wage earners, is today a story rearing its ugly ahead again.

But the reason this sale is taking so long, and impinging on Newcastle ‘s ability to hold onto their current squad or indeed increase it in number to what it at least was last season, maybe that Moat just doesn’t have enough money to buy the club.

That would explain why his bid was initially dismissed almost out of hand by Llambias.

Certainly there’s no way he could have been  a bidder last year when the club was up for sale for around £300M, or even higher.

And yesterday’s announcement that he will be given extra time to complete the deal, seems to put a couple more spanners in the works because it’s just 7 days now until the end of the transfer season, and our squad just isn’t big enough.

And the question asked by a lot of our readers – if Barry is having so much trouble buying the club, where will he find the necessary investment over the next year or two – seems an increasingly good one, as time drags on.

Much of this will be solved if we can get promoted this season, but the catch 22 seems that Barry can only buy the club, if we unload some of our players, and we’re already down to the bare bones of the squad.

The wage bill has to be reduced, so bringing in a bunch of new players this week hardly helps that, does it?

Which is why we will need to rely even more on the youngsters this season, and we may have to assume the four we mentioned yesterday – Kadar, LuaLua, Ranger and Donaldson are not the only youngsters the manager (whoever that may be), will need to call on this season.

We can add Tozer, Vuckic, Ferguson and Inman to that list.

We need to do that to at least pretend our squad is big enough, and is why a number of our youngsters will get a game tomorrow night against Huddersfield.

Our aim this season is promotion – period, so having runs in the cups is hardly what we need, with such a small squad.

This is another look at the terrible mess at Newcastle, but we’re going to have to stop doing this, because every time we do – we just cannot believe the Newcastle Board has allowed this situation to get so out of hand, and why we are a complete laughing stock as a club.

I mean it even looks like they have no idea what they’re doing.

Comments welcome.



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54 comments so far

  • JinkyGenius

    Aug 25, 2009 at 9:13 AM

    Comment #1

    ESTATE MANAGEMENT EXAM / August 2009:

    QUESTION 1

    Part 1: Mr A wants to sell his house. He also wants to recoup as much of his investment as possible. Are these two statements complementary or compatible or neither – and why?

    Part 2: Mr A paid £135M for the house, and then was forced to pay another £110K on structural issues that did not show up in the initial survey. He believes his house is worth around £250K, despite it being hit with an unexpected flood three months ago which has meant the property has been placed on the Environmental Agency’s ‘At Risk’ register. Before the flood he had been advised (by a rival agent to your company) it was maybe worth £400K, but now the maximum valuation it has achieved is £100K, leaving him facing a huge loss if he sells at that price.

    Currently the only potential purchaser is unable to raise enough money to meet the valuation, let alone cover the loans and investment that still attach to the property – all of which leaves Mr A in a quandary.

    Do you advise Mr A to:

    i) Make it a condition of sale (at the reduced value of £100K) that the money he has invested into the property is repaid by the new owner, remembering the new owner has no experience of house ownership and could further reduce its value by failing to take remedial measures against further flooding? If so how could Mr A do this?

    ii) Take the house off the market and employ ‘Llambias, Kinnear and Co’ (some unregistered cowboy builders favored by Mr A) to cheaply attempt flood repair measures in order that the house might be revalued and sold at a later date at a price that would allow him to break even on his investment? What are the risks in this course of action?

    Please give the reasoning for your advice to Mr A in both cases.

    Part 3) Instead of using his own savings to fund repairs and upkeep, Mr A has decided selling off feature fireplaces, wooden floors, period fittings and half the back garden to a local developer in order to finance the necessary flood repair measures. Is this a good idea? If not, why? What would your advice be to Mr A if he instructs ‘Llambias, Kinnear & Co’ to remove the original windows and doors before the onset of winter and install cheap replacements with a part of the sale receipts? Would your advice be any different if the B&Q Sale on cheap windows and doors did not end at the end of the current month?

    Part 4) Consider that before employing your company Mr A had already started this process of asset stripping. Mr A believes the property still be worth the valuation of £100K, set before this stripping process began. Is he correct?

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  • NUFC-0809-Oh Dear

    Aug 25, 2009 at 9:23 AM

    Comment #2

    Good work Jinky, how long did that take for you to come up with!?

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  • Waddles mullet

    Aug 25, 2009 at 9:27 AM

    Comment #3

    Can’t believe all this negativity towards someone who hasn’t even taken over yet!!
    Well lets keep Ashley and just keep sinking.
    We deserve everything we get with idiotic fickle fans!

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  • Mark-o

    Aug 25, 2009 at 9:29 AM

    Comment #4

    Holy sh!t!!! 5 weeks ago he was the saviour of our club, best thing to have ever happened! Now your slating him for not buying quick enough!
    Unbelievable!! Its crap like this thats making us even more of a laughing stock to the rest of the footballing world!!

    My veiw is that Moat is using his own money to buy the club then his group of investers will re-imberse him after and put up some cash for transfers etc. The only reason they aint given him money to buy the club is so he can prove how serious he is!!

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  • Mark-o

    Aug 25, 2009 at 9:30 AM

    Comment #5

    beat me to it waddle 😉

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  • Gerontius

    Aug 25, 2009 at 9:34 AM

    Comment #6

    Louise Taylor seems to have the nuts and bolts of it in The Guardian. The delay revolves around a £10mn payment ebing required by Barclays because the overdraft agreement has terminated, and the current overdraft goes beyond Barclays limit for a Championship club. Obvioulsy Ashley can afford to reduce the overdraft if he chooses. Moat seems not to have the extra £10mn to top out his bid.

    http://www.guardian.co.uk/football/2009/aug/25/newcastle-moat-takeover-barclays-loans

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  • Waddles mullet

    Aug 25, 2009 at 9:39 AM

    Comment #7

    Louise taylor is a crab infested slit and all she does is trawls the tinternet and adds 47 stories to her article.
    I will tell you lot again don’t believe anything this cow writes!!!!!!!!!!
    This is doing my head in now.

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  • mikcol73

    Aug 25, 2009 at 9:39 AM

    Comment #8

    just sick of this very sad saga.

    it just looks like a game plan by asshole ashley to sell as much as possible and then have no time to put any squad players back into the mix.

    chris is a good guy but why should he put his head on the chopping block, asshole ashley is muppet and i would LOVE IT LOVE IT if he was on the apprentice coz sugar would fire his ass.

    hope taylor stays but cant see it and i cant see the club being sold either. such a shame

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  • cam_toon

    Aug 25, 2009 at 9:42 AM

    Comment #9

    @ Gerontius Ignore everything that Makem skank says man.

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  • Mark-o

    Aug 25, 2009 at 9:46 AM

    Comment #10

    That louise taylor article seems ok until she bangs on about o’leary at the end when the club said weeks ago that he aint gonna get the job, sound like she’s talking out of her a$$

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  • Lew Davies

    Aug 25, 2009 at 9:49 AM

    Comment #11

    Unfortunatly its the same old shoit!
    None of us know the full story of what is going on behind the scenes. Or the full financial state the club is in.
    There’s nowt you or I can do about it.
    Hence bullsh*t rules. FOR NOW.

    Jinky – I find deeply worrying that you went to all that bother, but well done all the same.
    8)
    By the way, whats your point?

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  • Jan Stavik

    Aug 25, 2009 at 9:51 AM

    Comment #12

    If he can’t find the money to buy the club, he’s not the right man. He’ll take the club into administration, this club won’t make money for some years, and need a solid owner during that period.

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  • magpie6699

    Aug 25, 2009 at 10:00 AM

    Comment #13

    I’m not sure why people are so worried about Moat buying the club IF he is able to meet the stipulations. People seem to be negative about him because he seems not to have oodles of money (although I have no idea what backing he DOES have and I don’t really believe any of the nelly know-alls on here do either). Let me give people my naive thoughts about it.
    Perhaps Mike Ashley does have more money but let me remind people of the joy we felt when the”billionaire” took us over. Perhaps he did save us from financial melt-down – if so, many thanks. However, what I have NOT seen is:
    a) Sensible business management, shrewd appointments and choice of people to deliver the vision or strategy. I am sure relegation and selling off best players would not have been part of that vision
    b) Net investment in players – I know the ridiculous wage bill we are saddled with, thanks to FFS, but there has, nonetheless, been no NET outlay from the “billionaire” over the transfer windows – so his extra money hasn’t helped things there.
    Yes it might have been nice if a Saudi billionaire with money to throw away had bought us as a plaything – but our present “billionaire’ dream didn’t work out, did it? What I AM hoping for from Moat (or others) is not necessarily more cash but a better, more sensible, thoughtful, understanding and more communicative approach tied to a vision for taking this club forward.
    What I don’t want to see is more pint-swilling, streaking, laughing-stock headlines. Or perhaps I’m in a minority here.

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  • ToonMobile

    Aug 25, 2009 at 10:04 AM

    Comment #14

    Out of interest does anything think it is worth finding out from Barclays themselves if any of this is true? So far we only have word from MA / DL and all the rest in the papers is mostly just conjecture/theories/rumour – if someone could get a statement from Barclays I would be more inclined to believe Monday’s statement about the current state of play. What about the parachute payment too which is meant to help with exactly this situation? And why have things gone so quiet from Seymour Pierce, and why, if Moat could not afford to buy did they make him the preferred bidder? So many questions! 🙂

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  • ToonMobile

    Aug 25, 2009 at 10:05 AM

    Comment #15

    That should be “anyone” not “anything” obviously lol 🙂

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  • sahota

    Aug 25, 2009 at 10:11 AM

    Comment #16

    Guys be positive. Nobody knows anything whatsoever about whats going on behind scenes. Do you know what is Moat’s plans are? OR do you ?

    Why we are thinking so negative when we don’t know anything about whats going on? You only buy something if you can afford it and if you know what to do with it. I am sure Moat must have a plan and funding too , to run Newcastle as proper club. We should not worry about all of this just yet. Nobody knows what the hell Mike has invested in club and in what form. In last couple of transfer windows he has only taken out money rather than investing. Even if Moat can arrange 20 Mil investment to just buy players for next 2 years, I am sure we will be in Premier League. Once we are there its different game. I would suggest not to think far away. For time being we need an owner who can get us back in Premier League, I am sure if required then Moat will sell the club once it is in Premier League.

    Only thing I am concerned about is the delay in all this. It should happen ASAP and we should buy 3-4 player ASAP.

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  • dave 1961

    Aug 25, 2009 at 10:23 AM

    Comment #17

    any business man wort his salt, when taking over a business puts together a business plan, and in the plan he has his funds to run the business, he will have his purchase price, his transfer funds, 12million to get out the coca cola, 20-30 to rebuild for the premier, he will also have 10-20 million reserve, the negotiations will be moat standing his ground, as he will have consulted fat Freddy for advice, he will just not want to compromise on his plans, so he’s negotiating with them persuading them that he is right. once this is dun & dusted he will develop 100 aches of his land around Darass Hall he will then own the club out right, stage two 3 or for years down the road, he will develop 3–400 aches to redevelop st jame’s park into a 80,000 seater. then he will sell up for 600million. this is more like moats plan long term, make Newcastle a power house, and himself closer to a billionaire, with 1000’s of aches of land.

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  • premier

    Aug 25, 2009 at 10:26 AM

    Comment #18

    Is he really trying or being used as a stalking horse–which only appears to flush out more no hopers!!!!

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  • Trent Toon

    Aug 25, 2009 at 10:27 AM

    Comment #19

    We have turned against our own! Moat will be a good owner (with u.s.a backers) also if our wage bill was 74 mill (now 43) and we do get back upto the prem much more money will be available, we will no longer having to be subsidising the club and it can stand on its own two feet, then for all we know Moat might sell it to richer people or an investement of his may become fruitful. He is a fan and he will listen inform and install shearer- he is the future of this club not that fat man. MOAT FOR OWNERSHIP, GET OUT MIKE ASHLEY

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  • Lew Davies

    Aug 25, 2009 at 10:27 AM

    Comment #20

    Magpie6699 – Absolutely spot on. Nicely put m8.

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  • Lew Davies

    Aug 25, 2009 at 10:31 AM

    Comment #21

    Trent – what makes you so sure Shearer is the future of the club?????

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  • dave 1961

    Aug 25, 2009 at 10:35 AM

    Comment #22

    if any one wants to know what moat is worth its easy to get an estimate its about 40 million but the 2,500 aches of land is worth 20 million as agricultural land 2,500 million with planning consent. a hole different ball game now .

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  • Rodzilla

    Aug 25, 2009 at 10:37 AM

    Comment #23

    WARNING!!

    By the way lads, some utter, snivelling tosspot is posting under other people’s nicknames. This was NOT me last night…..

    “Rodzilla // Aug 24, 2009 at 11:13 PM

    Batty stop messing with my head!!!!!!!!

    ….just be aware.

    Cheers

    Rodzilla

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  • bill

    Aug 25, 2009 at 10:44 AM

    Comment #24

    We are thinking negatively because everything that has happened since this idiot took over the club has been negative and as long as he stays it will continue to be so.

    Once Barry Moat or whoever else takes over there will be a positive atmosphere about the place even if it dips later. We just need the takeover to be completed and then hopefully Barry Moat will tell us his plans for the club.

    With regard to Barlay’s confirming or denying what is happening over the overdraft situation, I do not think that they are allowed to do anything to divulge private matters between themselves, Barry Moat and Mike Ashley.

    I wouldn’t like it if Barclay’s told others about my dealings with them.

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  • Widowmaker

    Aug 25, 2009 at 10:46 AM

    Comment #25

    magpie6699, I am not a fan of FFS, but I don’t see a point of blaming him for our wage bill after more than 2 years of the MA reign. MA has had enough time to change that.

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  • dave 1961

    Aug 25, 2009 at 10:46 AM

    Comment #26

    i will answer why it has to be Shearer, its simple because its the millstone around any manager neck until he has tried we will never know, & it will always be what if, so now is the time to have the question answered in the coca cola.

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  • batty

    Aug 25, 2009 at 10:47 AM

    Comment #27

    ROD not me m8 a divent naa what y on aboot

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  • Rodzilla

    Aug 25, 2009 at 10:54 AM

    Comment #28

    Batty, I left the blog at:

    Rodzilla // Aug 24, 2009 at 10:59 PM Post 231

    …after replying to your joke. That text was posted at 11:13. I know it was nowt bad, but I don’t appreciate people posting under my name. Whoever it was.

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  • Lew Davies

    Aug 25, 2009 at 11:01 AM

    Comment #29

    fair ’nuff Dave. Good call.

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  • magpie6699

    Aug 25, 2009 at 11:04 AM

    Comment #30

    Widowmaker – I wasn’t necessarily blaming it all on FFS. I was playing devil’s advocate for those people who come on here making out that FFS ruined us and MA saved us – I don’t believe it’s that black and white (ho-ho). And I agree that MA’s 2 years have not improved matters.

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  • hitman

    Aug 25, 2009 at 11:07 AM

    Comment #31

    dave comment26, spot on, batty you still tucking your trackie pants into your socks.lol

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  • bill

    Aug 25, 2009 at 11:08 AM

    Comment #32

    Ed:
    How are people using other user names if they are already taken?

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  • Spitfire

    Aug 25, 2009 at 11:13 AM

    Comment #33

    I would like everyone to stop calling Ashley a businessman. He is not . He is a chancer and a gambler. He got where he is by playing with stocks and shares in his bedroom. he has shown no business acumen at all. Sometimes he got lucky and sometimes his luck ran out. Moat on the other hand seems to be a business man. Anyone who can spot the potential of a singing wall-mounted fish has to have some nous. Lets trust him for the moment eh?

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  • SpartanChris

    Aug 25, 2009 at 11:14 AM

    Comment #34

    I agree that we should not be slagging Moat off for any good reason, but after Ashley’s 2 years of no communication, going to another owner who is renowned for protecting his privacy and not commenting on business activities is slightly worrying.

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  • hitman

    Aug 25, 2009 at 11:17 AM

    Comment #35

    notts county have signed sol

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  • dave 1961

    Aug 25, 2009 at 11:22 AM

    Comment #36

    i think we should try to look on the positive side we are letting this get us down when we don’t know what is really going on

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  • bill

    Aug 25, 2009 at 11:24 AM

    Comment #37

    Surely there must be a way to get £10M into Barclay’s to allow the takeover to happen.

    £10M isn’t a lot of money these days. I would have thought that it would be quite easy to raise that amount from local businesses.

    I still think it would a good idea to have the community charge include a portion to support NUFC.

    The council and local businessmen are always saying that a successful NUFC is good for the city. So why don’t they support the club?

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  • Rodzilla

    Aug 25, 2009 at 11:26 AM

    Comment #38

    Bill, either they worked a way around getting two usernames or guessed my password. I’ve just changed it anyway – it was pretty easy.

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  • Troy Stavers

    Aug 25, 2009 at 11:28 AM

    Comment #39

    Oi Oi Radgey’s!!

    Hoo lads!! Just finished me job at SJP, cleaning the bogs.! Hoo that Moaty never cleans the pan afta him like!! A dropped a bit of resin doon the pan as a was cleaning it man!! Wheye, a couldn’t work oot whether it was shite or tac!!!
    It aal went in the same spliff tho!!! As they say, “IT’S GOOD SHIT THIS LIKE!!”

    Anyways, a bumps into Dekka Lambias in trap 3!!
    A says, “HOO DEKKA, WOTS GANNIN ON LIKE, WI THE TAKEOWA LIKE?”

    Dekka says, ” TROY HAVE YI GOT LINE OF TOOT AND AL TELL YI AL ABOOT IT”.

    So me and Dekka gets smashed oot wi heeds in the bogs like!! Hoo lads, he telt is aal aboot it like. Trouble is, me heeds like a shed noo and a cannit remember a word he said!!!!

    Good thing is like, the top of the toilet seat was glistening clean like by the time me and Dekka polished it wi were noses!!

    Anyways charva’s!! Gotta dash! Still wanted by the bizzies!! If you look oot yi window noo like, you’ll see the bizzie copter owa me hoose in Benwell like!!!

    Oi Oi!! Laters!!

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  • Rodzilla

    Aug 25, 2009 at 11:28 AM

    Comment #40

    I’m sure Ed could find the IP address through the stats, but doubt he’d be that arsed.

    Anyway, ‘always pick good passwords’ is probably the moral of my story. 🙂

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