The Mirror today is reporting that an American Consortium is closing in on a deal to buy Newcastle United.
Kieth Harris – Seymour Pierce Chairman – negotiating with Americans
Replace “American” with some other names and just how many times have we been told that this season – ad it’s like the Newcastle fans are punch drunk right now with just over 2 days to go in the transfer window.
The Sunday Mirror is reporting that talks are continuing to take place in London between the US businessmen and representatives of Seymour Pierce over the last few days.
And owner Mike Ashley thinks that significant progress towards ending the hand-cuffs the Newcastle club have been in since late May, when Mike put the club up for sale for a second time, in his wisdom.
It will not hurt anything that Newcastle could well be 2 points clear tomorrow night, and top of England’s second division – the Coca Cola Championship, after other leading teams faltered yesterday.
The Americans are said to be based out of New York with experience in the North American sports industry, and have said they have the funds to satisfy Ashley’s asking price – which we still think is £100M – and additional funds to develop and market the club and to sign new players.
The closure of Tuesday’s transfer deadline will not end negotiations as far as they are concerned, but it may scupper the club if we don’t reinforce the squad by then. 🙁
The Americans will install Shearer as manager, but are said to have been impressed with Chris Hughton’s work at the club over the summer. and will offer him a senior coaching role.
We always thought the manager essentially picked his own coaching team, but Chris did work with Alan on the last 8 games of the season, and seems to be an excellent team player and has gained the confidence of the Newcastle fans for his excellent work over the summer.
At the very least Chris should be offered a wage increase for what he’s done this summer.
As the old saying goes – “where’s there’s a problem there’s an opportunity” – has been proved so right by Chris over the summer.
The bid by Barry Moat, the Newcastle-based businessman, who also wants to install Shearer as manager (if Alan gets the job we better keep winning), seems to have stalled significantly, and we think Barry just doesn’t have the money to buy the club.
The proverbial source close to the American bid told the Sunday Mirror the consortium offers the best chance yet of getting a new owner at the famous Tyneside club:
The source said:
“This bid is both serious and credible. The difference between this and other bids is that the funding is there to buy the club if agreement can be reached on other financial areas such as the club’s £39M overdraft.”
“Ideally, the consortium would have liked the business completed before the transfer deadline closed but they are serious about buying the club and won’t rush.”
“Talks are under way and Mike Ashley’s original asking price shouldn’t be an issue. But it will take time and because of all the other disappointments the Americans have to play their cards close to their chests.”.
If a deal goes through Newcastle would join Sunderland, Liverpool, Manchester United and Aston Villa in being American owned.
The Americans are becoming more and more interested in football (soccer) as it’s becoming the one real world game, which is what American-based sports are not. The fact that ESPN has aquired Premier league games is even more proof of that.
One more Sunday – one more story – but notice this news is inferring the sale to the Americans has been further delayed.
Finally, we have to hope Chris Hughton is given some players within the next 58 hours, from the time of writing.