Americans Pushing Like Hell To Buy Newcastle


News today that the American-based group interested in taking over Newcastle United have arrived in London for face-to-face talks with investment bankers Seymour Pierce, who are handling the sale of Newcastle United.

nufc-crest

The group is reported to have strong connections with professional sports organisations in the US, are based out of New York City, and are said to be working feverishly with Seymour Pierce duo Keith Harris and Tom Sheldon, to complete the purchase of Newcastle, after making their interest known in the last couple of weeks.

We can tell you if the above is true, the Americans will  work around the clock, and this weekend to close the deal. We’d noticed that Barclays Bank didn’t seem to do that to quicken up the loan for Moat, which to us is odd, in this world of 7 by 24 business.

As a quick example, when I was an IBM consultant, we worked overnight – until 6:00am in the morning – to get our presentation and results ready, before meeting with the client at 8:00am – and we did more than once, we may add.

They were successful presentations – very successful in fact – and then we got some sleep. 😀

True story.

Mike Ashley is said to have put a one-week deadline on Barry Moat with the Tyneside-based businessman attempting to agree terms with Barclays Bank to agree the club’s working overdraft facility of £39M.

The news is we’ve used just  £20M of that overdraft limit, by the way.

But we understand Barry has been given the OK with the loan, but now cannot come ypo with the personal 20M he is to put towards the purchase.

The local Evening Chronicle is reporting this afternoon that the Americans – who have North West sports retailer Geoff Sheard spearheading their bid – are attempting to close the deal with Ashley, within his deadline.

It may be that the arrival of the main financial backers of the bid, in the UK, is a significant move, but we’re getting shell-shocked by all this uncertainty surrounding thew sale of the club, with just 4 days before the end of the transfer window.

We’d be happier to see news being reported that we have brought in new players on loan and signed free agents.

The mystical source close to the deal in the capital told the Chronicle today:

“The Americans are pushing like hell to get a deal through.” “They arrived in London late yesterday and will speak to Seymour Pierce once again.”

“It’s at a critical stage and they don’t want to say too much.” “Obviously with non-disclosure agreements signed it’s difficult for them. And it is a painfully slow process.”

Apparently the Americans would install Alan Shearer as manager, despite the tremendous start made by Newcastle under interim boss Chris Hughton.

We would hope if they buy Newcastle that Shaeraer would keep Hughton, and maybe Colin Calderwood at the club for continuity, and maybe a reward for their great job over the summer.  But that would be unlikely, we think.

We cannot afford to start again under Shearer, and Alan will be under intense pressure to keep winning, and we’re a little surprised if he gets his second chance at Newcastle so soon.

After all he got just 5 points out of the last 24 available of last season, when 6 points (2 wins and 6 defeats) would have got the job done.

And more and more Newcastle players want Chris in as permanent manager, at least for this season.

As we reported earlier this week, the American group also intend to appoint New York-based strategic holding company, The Omnicom Group to rebrand Newcastle United on a global scale and increase sponsorship and advertising opportunities.

And they will assign worldwide PR giants Fleishman Hillard to attempt to repair relations between fans and the club – a good mopve given the disastrous PR under Ashley over the last 12 months.

This is at odds with the report that Moat would becomne Chairman and Alan as mamanger, unless this is what the Am,erican Group would also want to do – but Moat has no experience as Chairman of a fottball club.

So if you are confused by all of this – so are we.

Maybe the local Newcastle press can clear up the confusion.

Comments welcome.



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78 comments so far

  • Toon_Army

    Aug 28, 2009 at 1:13 PM

    Comment #1

    I prefer this story ed 🙂

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  • thud and blunder

    Aug 28, 2009 at 1:14 PM

    Comment #2

    If they HAVE arrived in London to meet with Seymour Pierce and Orvil, then if they are who they say they are then the “proof of funds” wont be a problem.

    HOPEFULLY, this will get sorted sooner rather than later..

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  • nufc1818

    Aug 28, 2009 at 1:14 PM

    Comment #3

    welll i see takeovernews was right again
    some news about the takeover has happened todaay
    and about the americans pushing the deal

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  • SBR4EVA

    Aug 28, 2009 at 1:20 PM

    Comment #4

    Push yi bastads Push!

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  • Stuart79

    Aug 28, 2009 at 1:24 PM

    Comment #5

    I’m tired…..

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  • NUFC-0809-Oh Dear

    Aug 28, 2009 at 1:24 PM

    Comment #6

    Cmon you pack of Yankers, put us out of our misery!

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  • Tal_nufc4eva

    Aug 28, 2009 at 1:26 PM

    Comment #7

    we’ve been pissed of wif 2 meny bullsh1te about these tAKEOVER talks, the soona the betta lyk. hope its true HAWAY THA LADS !!!!!!!!!

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  • bowburnmag

    Aug 28, 2009 at 1:27 PM

    Comment #8

    You worked for IBM Ed??

    You sound like me when I tell the tale of when I coached in The States.

    “Did I ever tell you I went to America…..”

    Cue half an hour derision from my so-called mates.

    On a final note, I’d like to echo SBR4EVA’s sentiments. Lie back, think of England and push y’all!!!

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  • ginkoh

    Aug 28, 2009 at 1:27 PM

    Comment #9

    Hope it’s true but I don’t believe anything on press now. How do you think if Breaking-news come out tonight “Newcastle will get new owner within 48hrs again ?” and after that “Tale over saga will end on Monday”

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  • MarinerUK

    Aug 28, 2009 at 1:27 PM

    Comment #10

    Doesn’t sound believable does it? If they really want to buy us then they would be rushing it through.

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  • Tal_nufc4eva

    Aug 28, 2009 at 1:28 PM

    Comment #11

    we deserve this, we’ve had sooo much misery for years! really badly want it to cum tooo an end. wif ownas like this wal b betta than those man city scum haway lads!!!!!

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  • DJM TOON

    Aug 28, 2009 at 1:28 PM

    Comment #12

    god please let this be true

    zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

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  • Davies

    Aug 28, 2009 at 1:30 PM

    Comment #13

    Wait and see lads. This could yet be another carrot. Love it if it’s true, but as we’ve learned in the past, we can’t trust news from any source outside the club itself, no matter how much we love Ed and this blog.

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  • Davies

    Aug 28, 2009 at 1:31 PM

    Comment #14

    Don’t get me wrong Ed, you’re still a legend.

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  • Stuart79

    Aug 28, 2009 at 1:31 PM

    Comment #15

    Calm doon lads.

    We’ve whipped ourselves up into a lava every week and then nothing.

    Believe nowt and if and it’s a big IF it happens we’ll be pleasantly suprised.

    Anyway I’m off to Tesco to pick up my ingredients for my treacle tart.

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  • thud and blunder

    Aug 28, 2009 at 1:33 PM

    Comment #16

    MarinerUk…

    They aint buying a clapped out Ford Fiesta from a used sales carlot in Newcastle mate..they are buying a huge football club for ALOT of money. Its going to take a few days, but im sure they are going as fast as they can…

    ps..wouldnt it be funny if this Takeovernews guy was ACTUALLY Lee Ryder haha

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  • MarinerUK

    Aug 28, 2009 at 1:35 PM

    Comment #17

    thud and blunder

    I know mate, just getting impatient!

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  • liam27

    Aug 28, 2009 at 1:35 PM

    Comment #18

    2 completely contradictory stories in one morning here. Fed up of reading such bollocks.

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  • dave 1961

    Aug 28, 2009 at 1:37 PM

    Comment #19

    it’s easy to provide proof of funds anyone can do it you just pay a check into your bank account then get a statement of you balance then you’re a multi millionaire until your check bounces been done loads of times, seems buy some of our potential buyers to as no one has been able to buy the club I say again why would wealthy Americans employ a con man they would use their own legal people as Mike Ashley did pray I am wrong though it would be a dream come true sadly they rarely do go back 2 years now it’s a nightmare.

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  • G

    Aug 28, 2009 at 1:38 PM

    Comment #20

    Sorry guys, but I aint buying any of this… no way on this earth do IBM prepare their reports!

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  • Darryl

    Aug 28, 2009 at 1:40 PM

    Comment #21

    If it happens, it will probably the only good thing that comes from pushing. =)

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  • G

    Aug 28, 2009 at 1:40 PM

    Comment #22

    I would love this thread to be true, but lets face it, this is all very much wishfull thinking on our part. We are stuck with MA and his happy little gang for now. Relegation is a very realistic possibility this season. If I am wrong though, I will happily eat a double serving of humble pie with extra smuggness thrown in!

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  • lesh

    Aug 28, 2009 at 1:40 PM

    Comment #23

    If the Yanks are up for it and have the dosh, then if they’ve the will, they’ll find the way and spoil some lawyers and financiers’ weekends.

    Big ahh for the poor pet lambs!

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  • Alex

    Aug 28, 2009 at 1:41 PM

    Comment #24

    thud and blunder
    thats the first thing i thought too , if these Yanks are big players then proof of funds will be already in a bank ready to be deposited into ashleys account . When Yanks make a move in buisness its usually fast . More often than not they get what they want .

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  • paoulo

    Aug 28, 2009 at 1:41 PM

    Comment #25

    once again its all bollocks to get ashely to the transfer window without putting his hand in his great fat ‘supersize me’ (is he a yank after all ? he is fat enough) pocket..other than to trouser some more loot from selling what we have left.

    stop writing it it just perpetuates teh myth that there will be a sale.

    cut his money supply off, stop attending games its really simple then he’ll have to sell !

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  • premier

    Aug 28, 2009 at 1:41 PM

    Comment #26

    Push, Push–and dont forget your breathing exercises

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  • slazberger

    Aug 28, 2009 at 1:46 PM

    Comment #27

    ed – “It may be that the arrival of the main financial backers of the bid, in the UK, is a significant move, but we’re getting shell-shocked by all this uncertainty surrounding thew sale of the club, with just 4 days before the end of the transfer window.”

    “We’d be happier to see news being reported that we have brought in new players on loan and signed free agents.”.

    i ve lost count with how many people have told you loans can be done after transfer day.

    also free signings can be brought in any time after deadline day because their not actually transfers having no club to transfer from.

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  • dave 1961

    Aug 28, 2009 at 1:49 PM

    Comment #28

    to me this seems like an episode of hustle

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  • shrews mag

    Aug 28, 2009 at 1:49 PM

    Comment #29

    … yawn … yawn … another takeover exclusive which will come to nowt …

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  • jordi

    Aug 28, 2009 at 1:51 PM

    Comment #30

    paoulo

    You never answered my question on the other thread. Who do you actually support because every post you’ve written has been to stop going to the games.

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  • BigWooo

    Aug 28, 2009 at 1:52 PM

    Comment #31

    I would like to mention something about the transfer deadline and please correct me if im wrong. If all we are interested in are loan deals and free transfers i believe the deadline does not affect this for football league clubs….so whats the rush, apart from having a bare bones squad

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  • BigWooo

    Aug 28, 2009 at 1:53 PM

    Comment #32

    o slazberger beat me to it, nevermind

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  • jordi

    Aug 28, 2009 at 1:53 PM

    Comment #33

    slazberger

    I think it was geordie gerrard who posted in the other thread that you can have a maximum of 5 loan players (4 in the side).

    Seeing as we already have Simpson that leaves 4 to bring in when we are short maybe 6 or more players.

    Some signings would be nice.

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  • lesh

    Aug 28, 2009 at 1:55 PM

    Comment #34

    Push, Push–and dont forget your breathing exercises

    I’ll take the first shift at holding their hands.

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  • HalftimeBovril

    Aug 28, 2009 at 1:58 PM

    Comment #35

    bidding their time watching Ashley begin to panic at the prospect of another year of ownership, transfer deadline approaching knowing new players are required. He’s apparently offering to lend Moat the cash (according to some sources) and looks as though he would accept £80m instead of the original £100m.
    With this the Yanks come in holding all the aces, giving Ashley the best route out and them getting the club at a price a lot less than £100m.

    Welcome to world of proper business men Mr Ashley

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  • paoulo

    Aug 28, 2009 at 2:00 PM

    Comment #36

    who do I support ?

    why do you think I am writing on this blog !?

    but the club is owned by a fat cockney chancer that is sytematically and cynically ruining the club I have been following for a very long time.

    and the only way to rid ourselves of him is to act as one and not having half the support attending and half staying away. the half that still attend (25k season ticket holders) he is laughing all the way to barclays bank.

    whats your answr jordie, keep getting shafted and smiling while he helps himself to the contents of your wallet ?

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  • slazberger

    Aug 28, 2009 at 2:01 PM

    Comment #37

    didnt see or know that jordi, cheers

    but i cant see us buying any players before tuesday takeover or not. middlesbrough stll havent bought anyone as far as i know. so i dont think its just ashley lining his pockets like some people think

    we had been in the prem for 16 years. imagine the effects on the top 4 if they failed to qaulify for the champions league.

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  • HalftimeBovril

    Aug 28, 2009 at 2:01 PM

    Comment #38

    Sorry missed off the first line –

    Maybe as its coming right to line the real business men turn up. They’ve been quietly bidding their time watching Ashley begin to panic at the prospect of another year of ownership, transfer deadline approaching knowing new players are required. He’s apparently offering to lend Moat the cash (according to some sources) and looks as though he would accept £80m instead of the original £100m.
    With this the Yanks come in holding all the aces, giving Ashley the best route out and them getting the club at a price a lot less than £100m.

    Welcome to world of proper business men Mr Ashley

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  • lesh

    Aug 28, 2009 at 2:02 PM

    Comment #39

    Where’s Sawdust in all this?

    Could he be briefing the yanks, giving them the benefit of his vast business expertise?

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  • will die for the toon army

    Aug 28, 2009 at 2:04 PM

    Comment #40

    All I want now is players coming in and no one going out. I wld give CH a chance and see what he can do if he fails then we can bring some one in. I dot really get it all the people wanting to buy us come with alot of enthusiasm but jst stop in London and leave. Is it with the debt or is it MA

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