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