Reports Ashley Is Close To Keeping Newcastle Club

The Daily Mirror and Simon Bird are reporting today that Mike Ashley is poised to take Newcastle United off the market, after 14 weeks, and stay in charge for another year.

mike ashley 234

Mike Ashley – to keep Newcastle?

Prospective owner Barry Moat has been struggling for weeks to prove to Barclays Bank he can service Newcastle’s overdraft.

And if he’s struggling to buy Newcastle now for a low price of £100M, how much investment will there be for Newcastle this season?

The Mirror is saying that Moat is having to borrow the majority of the money from banks, a large slice from Ashley himself, but is still unable to raise the £20M of his own cash needed.

If that’s true, it means Barry just didn’t have the money to even be bidding for Newcastle, and not to be too nasty, he had no right to be bidding for Newcastle in the first place.

What happened to the “proof of funds” that we were told any potential buyer had to pass, before they could enter into negotiations to buy the club? It seems that is put in place to stop exactly what’s happened with Moat’s bid – he never had the money in the first place.

Even though it is thought that Moat now has an agreement with Barclays to finance the club’s £39M overdraft, which stands at £20M right now, he still has to reduce this to £10M, but now we’re told he can’t meet Ashley’s price with his own money. Seems he just doesn’t have enough money – as was continuously reported over the last several weeks and why Llambias dismissed the bid initially as not creditable.

If this is all true, then Mike seems to have even been misled, and it’s time to call timne on all of this, so at least we’ll have a few days to get some new players in, and maybe unload a few we don’t want or need, like Geremi and Xisco as two good examples. There’s £115K/week (about £6M/year) we are paying out for little in return.

If this happens and Barry Moat can’t get the funds, the question is going to be why did he tie up Newcastle, for over 3 weeks on a deal he could never make. That’s a question for Keith Harris at Seymour Pierce Bank – that’s assuming this story is true of course.

Finally, Mike is said to been very encouraged by the 43,000-plus home crowds this season, and hasn’t taken seriously the chants of the Geordie crowd for him to leave Toon.

This sale has been draining on the Newcastle fans, and everybody connected to the club, and even if Ashley stays we’ll have a little more stability on Tyneside, than we’ve had these last 14 weeks.

We have 6 days to put things right in the transfer market, and if the Mirror story is true – we should use that time well – starting now.

Comments welcome.

38 comments so far

  • batty

    Aug 26, 2009 at 11:37 AM

    Comment #1

    1st for coolj

  • batty

    Aug 26, 2009 at 11:38 AM

    Comment #2

    oh no not agen

  • shrews mag

    Aug 26, 2009 at 11:42 AM

    Comment #3

    “We have 6 days to put things right in the transfer market, and if the Mirror story is true – we should use that time well – starting now.”

    Couldn’t agree more … if we are stuck with MA lets get on with it ….

  • ToonMobile

    Aug 26, 2009 at 11:46 AM

    Comment #4

    I’m sure he is “encouraged” by the large crowds, that’ll do nicely financially for him. And what does it show in his statement about not taking the fans chants about him seriously????? What a nerve!!!!

  • ToonMobile

    Aug 26, 2009 at 11:49 AM

    Comment #5

    If we are stuck with MA he will get his wish as Ed’s other article says – developing young cheap/free players, selling them on for a profit, the club stuck in the Championship for many years to come…what do we want as fans? A team challenging for the Premiership, Europe and top honours? Or one that simply develops young players for teams in the Premiership? I know what we’ll get with MA still in charge.


    Aug 26, 2009 at 11:49 AM

    Comment #6

    Ashley can take the club off the market formally but essentially its permanently up for sale, and a sale looks less likely by the day.
    Since we have won a couple of games i can see Mike sticking with Hughton and not appointing a Manager as Managers cost money.
    i can see no player transfers in unless loans.
    +any offer for any player we currently have will be accepted.
    i also think the accounting figures are looking strange-how can we be 20m overdrawn still after taking in at least 20m in transfer money.

  • Lew Davies

    Aug 26, 2009 at 11:50 AM

    Comment #7

    🙁 🙁 🙁 🙁 🙁

  • Lew Davies

    Aug 26, 2009 at 11:52 AM

    Comment #8

    Magpie, because we were £39M overdrawn at the end of the season.

  • Rodzilla

    Aug 26, 2009 at 11:55 AM

    Comment #9



  • Toon_Army

    Aug 26, 2009 at 11:58 AM

    Comment #10

    We knew this was a problem from the beggining though, It’s better for Ash to keep the club untill a rich, rich, rich buyer can buy the club, ash will surely do a few deals before the close of the window, he isn’t a total fool, just a little naive in the football department and a terrible communicater…

    sure at sports direct you don’t tell the staff or customers whats going on behind the scenes but as the chairman of a football club he has an obligation to the fans that line his pockets…

  • BigLish

    Aug 26, 2009 at 11:59 AM

    Comment #11

    Bored with all this now – just want to support the lads. Anyway – The Glazers had to borrow money to buy Man Utd. Liverpools owners had to borrow money for their own takeover / re-finance. This is nothing new and may still happen

  • Rodzilla

    Aug 26, 2009 at 12:01 PM

    Comment #12

    …on a side note. Sheffield Wednesday have transfer-listed wing-nut Francis Jeffers for chasing after a player to head butt him last night.

    We could probably get him for nowt, and him and Joey could let their tension out on each other on the training ground….



    Could work a treat!

  • Rodzilla

    Aug 26, 2009 at 12:03 PM

    Comment #13

    …sorry, gona copy and paste that last comment into the next, more relevant story. Apologies again, I know that’s cheating and I never normally do it.

  • Archie Brand

    Aug 26, 2009 at 12:03 PM

    Comment #14

    All seems a bit surreal calling what the Daily Mirror does a “report”.

    How accurate can they be?
    Didn’t the official announcement on monday say that Ashley was extending the deadline to allow Moat time to agree overdraft terms for 40 mill with the bank?

    So who’s info is pukka here – NUFC or the Daily Mirror?
    Never thought I’d say this but I’d put my money on NUFC knowing what’s actually going on.

  • batty

    Aug 26, 2009 at 12:04 PM

    Comment #15

    rod what are you on this morning won the lotto or sumit

  • maltese NUFC

    Aug 26, 2009 at 12:08 PM

    Comment #16

    Please do not get carried away by a Mirror Newspaper report, it writes a load of bull.
    I dont know how reliable the Northern Echo is but in its latest article it states that moat has come to an agreement with Barclays, and moat and ashley are close to an agreement

    It’s up to you to judge….

    please comment


    Daniel Abela (Malta)

  • Rodzilla

    Aug 26, 2009 at 12:09 PM

    Comment #17

    …nah Bats, just on a bit of a roll. Will calm down after dinner, got too much work te dee.

  • batty

    Aug 26, 2009 at 12:11 PM

    Comment #18

    rod well y moods seems to have picked up d y naa sumit lol

  • lacedaemonian

    Aug 26, 2009 at 12:18 PM

    Comment #19

    Destiny!! I only hope for some leadership and class at the club. If MA can provide this, than that is cool with me. Must fans hate their chairman, this is nothing new. I think MA has suffered with the people he has chosen to run his business. Which is his fault, but begs the question what might have happened had he appointed a decent chairman.

  • King Bob the first

    Aug 26, 2009 at 12:19 PM

    Comment #20

    To be fair we/fans are too loyal. If we didnt turn up for the games then maybe Mike would do one.

    But at the end of the day we do turn and we’re not going to just stop supporting them just because he’s there.

    so its a case of treat us mean and keep us keen, whilst Mike screws all over for another year.


  • magpie4ever

    Aug 26, 2009 at 12:24 PM

    Comment #21

    OK so in his own mind it may well be that MA has decided to stay…and why not…the way he probably looks at it is he’s sold players, not replaced them, doesn’t have an high maintenance manager in place, is getting one of the highest attendances in the country and the team is unbeaten and joint top of the Championship! Now doesn’t that all add up to one HUGE sense of false security. So why doesn’t he take the club off the market now…simple answer is he’ll be expected to put up some money for new players. If he waits until Wednesday he can say “ i tried guys I really did & because of time wasters & banks it’s too late to move into the transfer market so I’ll do my best from this point forward & get some loanees in!!

    Is this bloke so stubborn & arrogant (or maybe just plain THICK) that he does not look beyond the current day. Once we pick up injuries, suspensions & lose a few games it won’t all be rosey in his SJP garden and he’ll sharp wish he’s moved on…he should take a look at the photo above & think “if I was miserable then….”!

    It ‘s finally sinking in we’re stuck with this loon!

  • ToonRich

    Aug 26, 2009 at 12:36 PM

    Comment #22

    I’m not one for all the bed sheet protests…has anyone thought of organising a mass stadium protest – instead of buying a ticket & taking up your seat in the stands, have every single NUFC supporter to chant from outside the ground. That would surely give him a wakeup call and show that the fans kind’a control, what finances he recieves?
    OTT idea, but I’m a little fed up 🙁

  • cam_toon

    Aug 26, 2009 at 12:36 PM

    Comment #23

    From the mirror… what a tw@t

    On the subject of people who haven’t read the script, what about Newcastle United? I’m sure I speak for everyone outside of England’s most loveable city when I say that I was very much looking forward to spending a season gawping in amazement at the footballing tragedies I felt sure lay in wait for them.

    Only, so far at least, it hasn’t worked out like that, and I am reduced to snickering at misfiring Ipswich Town, which is hardly the same thing at all.

    Newcastle, meanwhile, are racking up goals and points, looking for all the world like a club on the road to recovery. Now where’s the headlines in that?

    Unfortunately there aren’t any. Anyone bar the luckiest of supporters – and you have to attend at least five games a season to qualify as a supporter, by the way.

    That’s the law – understands that football is a tale of misery interrupted by occasional, usually brief, moments of intense ecstasy.

    Football fans know what it is to suffer, suffering made all the more searing because of the fact that it is all such a pointless business. The fact of it is that in seeing their team win a few games Newcastle fans are ducking out of their duties to the Gods of Sporting Pain.

    You could argue that the Toon Army has suffered enough. What nonsense! Theirs is no kind of a tailspin at all. Leeds United, now that was a tailspin. Their fans have suffered enough. Even I realise that, and I wish them every success this season.

    But Newcastle need to sort it out. By which I mean, get relegated again.

  • chuck

    Aug 26, 2009 at 12:45 PM

    Comment #24

    Of course he is going to hang on to the club, there`s no other choice.
    In this present economy no one in his right mind
    would hand over £100m. plus additional debt and an enormous wage bill for a disfunctional championship club located almost three hundred miles from London.
    Sure great stadium, terrific and supportive fans,
    however it`s not a good deal, pure and simple.
    Does`nt have the cache of a London side or the worldwide fan base of a Man U. or L`pool.
    MA`s been hemorrhaging money since he took over, the Halls and Freddy must be laughing there asses off.
    Yeah some one will eventually buy the club, probably when MA has as much as he can take and sells at a reduced price to someone like Moat, who really does`nt have the money to operate a club this size.
    Then again Mr Kraft may show a renewed interest or an oil rich billionair, billionairs! but we allreaady have one of those dont we ?
    Then why are we not a successfull PL team ?
    Dont understand !

  • NUFC-0809-Oh Dear

    Aug 26, 2009 at 12:48 PM

    Comment #25

    I dont really care who is in charge aslong as it is sorted bloody quickly, we have a wafer-thin squad which we need to add to ASAP!

    It doesnt sound like Moat is going to have any finances left after buying the club and I fear he will continue the asset stripping a-la Ashley.

    I just cant see a good outcome, as I said yesterday, the sooner the transfer window closes the better in terms of us keeping our best players!

  • Bigbadbob

    Aug 26, 2009 at 12:50 PM

    Comment #26

    Magpie4ever – dont think for one moment Ashley is thick or naive, he is a shrewd devious man hated in his own business circle.
    He will be working towards his goal, only a chosen few will know the plan and its probably too scary to reveal it to us mere peasants.

  • Whumpie

    Aug 26, 2009 at 12:52 PM

    Comment #27

    We know nowt. Still.

    And why do people have a problem with loanees? We need people to get us out of the championship, and that’s not the same people to then keep us in the prem. So loans are best, surely?

    All a load of panicky rubbish, this. All that has to happen by Tuesday is to sell some of our dead wood – even at a big loss – just to avoid paying their wages.

  • lacedaemonian

    Aug 26, 2009 at 12:53 PM

    Comment #28

    Newspapers are dying on their arses. Editors are desperate. Writers have reverted to flaming and wumming, often seen on the worst football forums. They are in their death throes. They stereotype us and discriminate against us. They love it that another northern club is on the ropes.

    The scenes outside Upton Park last night say it all for me.

  • milburn

    Aug 26, 2009 at 12:54 PM

    Comment #29

    Not sure if story in Mirror has any grain of truth to it but I have to admit that I have always found it unlikely that Moat had enough funds to conclude a deal (short of investment from mystery backers) assuming story is true then i hate to say it but I would rather have Ashley as the owner as he then has a club on his hands with only one solution and that is to get back to the Prem and then sell up. Even he couldnt be as stupid to continually asset strip and expect promotion. So it looks like Ashley stays and its either the prem or administration. Happy days.

  • ToonRich

    Aug 26, 2009 at 12:58 PM

    Comment #30

    Does anyone think there is any truth in the other Consortium being spearheaded by GS?…

  • milburn

    Aug 26, 2009 at 1:09 PM

    Comment #31

    Apparently GS a right conman- This Moat reminds me of Michael Knighton trying to buy Man Utd all them years ago and had nowt. At least Moat hasnt done keepy ups at SJP

  • Whumpie

    Aug 26, 2009 at 1:10 PM

    Comment #32

    I have no idea what’s going on, but if Sheard’s involved, it’s probably shady at best and a complete scam at worst.

  • milburn

    Aug 26, 2009 at 1:11 PM

    Comment #33

    Been looking at the bogs archive going back to April 07 and how times change. Fat Ashley getting rave reviews about being the saviour as fat fred was going to bankrupt us and then buying everyone in blu bamboo a drink. Happier times

  • milburn

    Aug 26, 2009 at 1:11 PM

    Comment #34


  • milburn

    Aug 26, 2009 at 1:23 PM

    Comment #35

    Whumpie- loan players are the answer- owning club may pay some of their wages and we get football hungry players with a point to prove with no financial baggage- you only have to look at the bloated squad rostas of the top 4 alone and there is a load of talent kicking their heels in the reserves

    Arsenal- Nacar Barazite, Armand Traore
    Man Citeh- Ben Haim, Johnson, Benjani
    Man U- De Laet, Gibson, Tosic, Wellbeck

    None of these players have a cat in hells chance of a regular run in any of their respective teams and would jump at the chance to be playing regularly in a winning team

  • dave 1961

    Aug 26, 2009 at 1:31 PM

    Comment #36

    to me we are at the end of the road we will go in one of four directions
    1. keep hughton as manager leading to him being sacked in a few months when results go bad.
    2. keep hughton until joe kinnears fit then sack him when he fail, and we are back to square one.
    3. hire someone like Gunn then sack him when he fails back to square one.
    4. take a chance on Shearer unknown one thing different he will get the time to fail and in the meantime we get the club financially stable, that’s what time will give an owner, fans will not shout for shearers sacking, but insist we see it threw, then we know. in that time an owner can gain the respect of the fans, this will bring stability to the club, and yes this is unknown Tertiary, but we know the other routes will be failure, because it always has been & always will be, no top manager will touch the Newcastle job with a barge pole, so we try the unknown or the known failures. these are the point we need to understand we have been down this road so many times, 35 years i have watched this soap opera and we seen to be caught in this downward spiral. we have to routes failure or the unknown. whats it to be Mike hero or Nero

  • magpie4ever

    Aug 26, 2009 at 1:44 PM

    Comment #37

    @27 – Re Loan signings – As a lot of Canary fans will tell you they lay a lot of the blame for their relegation on too many loan signings in their first team. Dont get me wrong a few to pad out the team is fine but I’d like to see players committed to NUFC because its their employer & not just think ah well at the end of the day I’ll be back at ….next season whatever happens here.

  • komfort

    Aug 26, 2009 at 2:57 PM

    Comment #38

    ed , he’s having a good ponder about it..

    …tip top pondering expression without doubt.



You must log in to post a comment.