We lambasted the story in the Sunday Sun last Sunday that said a new consortium, or maybe even two, were bidding for Newcastle.
But Derek Llambias did announce officially yesterday that Geoff Sheard – who bid for the club last February and said he would bring David Beckham to Newcastle at that time – was negotiating with Seymour Pierce Bank in London.
So we were totally wrong about that, and in fact the Sunday Sun seems to have hit the nail right on the head, as there are even rumors today that another bidder may be unveiled as early as today. We’re not sure we can stand too many new bidders at this stage of the game – 6 days left in the transfer window.
Is it possible that the sale will spill over to next week and come Wednesday we”ll still have no new players or new manager? Yes, anything seems possible right now at Newcastle.
We were not too impressed with Sheard and didn’t think he had the money in February and don’t think he has it now.
But what if there are two new bidders for Newcastle, in addition to Barry Moat?
Maybe there’s still another shoe to drop this week and indeed there could be another bidder still to be unveiled.
Anyway, the reason for this piece is we wanted to point out that we were wrong about the story last Sunday, and indeed there was a new bidder that has entered negotiations, as Llambias indicated yesterday.
We have to hope any new bidders have the money to easily pay Mike £100M and service the £40M overdraft facility, which we are told stands at £20M, and Barclays’ policy for overdrafts to Championship clubs is a maximum of £10M.
If that’s true that means Newcastle will need to reduce the overdraft by £10M, and hence we may still see players leave before next Wednesday rolls around.
But on the other hand, maybe we’ll even get some good news this week, but there I go again, saying crazy things. 😀