Significant Progress Made In Selling Newcastle Club

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.

Comments welcome.

16 comments so far

  • roscoe

    Aug 30, 2009 at 7:03 AM

    Comment #1

    come on boys…

    Lets go top of the Fizzy Pop!!

  • Archie Brand

    Aug 30, 2009 at 7:43 AM

    Comment #2

    Well done to everyone – a blazing start to the season, but lets not get carried away. This time last year Hull City were top of the premier league.
    We definitely need a full time Manager in quickly.
    Hughton has done a superb job up to now but think back to Roeder who was a good temp, but sucked full time.
    Motivation and enthusiasm will only take you so far.
    Lets see how the young uns do tomorrow without Coca Shola up front. It would be nice to see Ranger and Carroll do some damage. The youngsters need to get a couple of goals to boost their confidence.

    Does anyone know if the maximum number of loan players you can have is the same as the premier league?

  • Stuart79

    Aug 30, 2009 at 8:30 AM

    Comment #3

    Because they haven’t just taken this story from the Chronicle have they?

  • Mags

    Aug 30, 2009 at 9:17 AM

    Comment #4

    Let us hope we can go top on Monday. Just a pity we have lost Shola and Jonas, as it will not be easy against Leicester.

    Archie – you ask abour loan players, hope you understand this better than me – here goes…..

    The rules covering loans in this division are different from those in the Premier League and I don’t envy those who have to interpret them. The duration of a standard loan is the time between the transfer windows so either half a season or a full season. Recalling a player is only allowed in full season loans except for keepers in exceptional circumstances.

    But there are also emergency loans for between 28 and 93 days where recalls are allowed after the first 28 days. Pay attention, there will be a test later!

    The rule book states you can only have five loan players in your squad of 16 (something Leeds got wrong last year) and you can have no more than four loans from one club.

    You can have a maximum of eight standard loans in a season, but of these no more than four can be aged under 23. No more than two over 23 year old players can join from one club per season, but for some reason a player from overseas is not registered as a loan.

  • bowburnmag

    Aug 30, 2009 at 9:57 AM

    Comment #5

    “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.”

    How this is any different to the Moat bid? We’re led to believe his stalling point also over “other financial issues”. Doesn’t make sense.

  • geordielad880

    Aug 30, 2009 at 10:04 AM

    Comment #6

    I hope this is true, but I really cant see it, as any club which enters negotiations to buy newcastle have to sign a non-disclosure agreement, and wouldnt be able to comment on any takeover reports, hence not hearing any interviews with mort etc, probably more lies, just looking forward to another 3 points on monday 🙂

  • Rodzilla

    Aug 30, 2009 at 10:15 AM

    Comment #7

    Does ANYBODY actually believe this claptrap anymore? Man, I just hope all this rubbish has subsided come Tuesday evening. It pains me to say it, but I now just want Ashley to announce he’s staying and put an end to all this bl00dy speculation.

    Well and truly pig-sick of all this sh1te.

  • Mags

    Aug 30, 2009 at 10:58 AM

    Comment #8

    Please let this NOT BE ANOTHER FALSE DAWN.

    Wouldn’t it be marvelous if there was an announcement on Monday teatime before the match (like the Kevin Keegan moment before the Stoke game). I have had this feeling for days now that something will happen.

  • magpie6699

    Aug 30, 2009 at 11:03 AM

    Comment #9

    No Carroll, I fear – injured.

  • doofa the loofa

    Aug 30, 2009 at 11:05 AM

    Comment #10

    taking the same route as usual….. very sceptical now. same old stuff. god we need a proper supporters club which can unite fan and put some pressure on.
    is that impossable? i guess so.
    happy sunday………

  • nufc100

    Aug 30, 2009 at 11:36 AM

    Comment #11

    well this is good news ashly just sell up but com on nufc we will win the league.

  • chuck

    Aug 30, 2009 at 2:30 PM

    Comment #12

    Sounds very much like the earlier US group reported to have shown an interest.
    Both NY based with professional sports interests, could it be the Dolan family who own the NY Knicks and Rangers, besides an enormous cable tv empire. big money !
    The fox soccer channel plus ESPN are both expanding their football interests both in the US and thrugh out the world and see it as a large growth area.
    Whereas the home market for US televised sport is pretty much saturated and with low interest in many areas outside, the fact that association football has a world wide interest
    and has shown to have a tremendous growth potential both in the US and throughout the world
    With the EPL taking a leading role mainly because of broadcasting which has generated enormous profits, which have in turn earned the EPL a windfall, allowing the league to poach some of the world`s biggest talents and morph into the most watchable league anywhere.
    There are allready a number of US owners involved plus those with part ownership(Arsenal) who see the potential and want to be a part, who also approach ownership with a business and marketing plan, not on the job training as is the case with The Toon at present.
    In which case it`s my hope we are taken over by a businesslike group from the US, face it what is more frustrating than what we have now ?

  • Lew Davies

    Aug 30, 2009 at 3:45 PM

    Comment #13

    Sounds like more of ashley’s pr bulls**t.
    Believe it when it happens not b4.
    Just got a feeling the american interest will be over come tuesday, shock!
    “please God, let me be wrong”

  • newcastle29

    Aug 30, 2009 at 5:59 PM

    Comment #14

    to be fair the american bid is not new at all! it has been an ongoing bid from before moat’s bid came in and i did post something along these lines 8 days ago.


  • Solaidback

    Aug 30, 2009 at 6:02 PM

    Comment #15

    If these Americans are serious about buying the TOON, why not show they are by giving Ashley say £20m to buy new players before the deadline on Tuesday, isn’t that what Manc Al Citeys new owners did last season, way, way before he finally became their owner!!

    At least that way the fans will know they’re serious & so will Ashley & we’ll be able to strengthen the squad with the money!!

  • newcastle29

    Aug 30, 2009 at 8:18 PM

    Comment #16


    its all down to how much ashley really wants for the club!

    But to answer your question, yes they were in control of the club while completing due diligence and financed the purchase of players.


You must log in to post a comment.