Sky Sports News is reporting today that former Tottenham, Rangers and Chelsea player, Graham Roberts, has revealed who the mystery consortium is trying to buy the club.
We’ve heard all this before and he says that they would provide Alan Shearer with £20-25 million to spend at Newcastle per year.
Ashley’s plan was to put £20M of his own money into the club each year, and that didn’t seem to work too well.
Roberts was speaking on Soccer Extra ahead of what he termed a big meeting at Newcastle tonight, and he thinks the consortium and he rated the consortium’s chances as about 75 percent for success.
Sky Sports reports the plan is to set up a Barcelona-style hierarchy at Newcastle, with fans electing their own president and generating their own cash. Well we’ve heard that one before too – many times.
So far Roberts admits the Newcastle board have been sceptical of his plans – we’re not surprised.
Roberts told Soccer Extra:
“There’s a few people who have put some money together, we went to meet the Newcastle board but they didn’t turn up. [Derek] Llambias didn’t show up, we had the financial director and the club secretary,”
“They think we’re just wasting their time but let me assure them… we’re not.”
“We want to do a Barcelona. You get the supporters to buy into the football club, they have six or seven proper members on the board, you have a chairman who is voted as President, and the supporters who invest get financial gain back out of it.”
“We’re not sure how much they would have to invest, maybe between £10,000 and £20,000, but you can do it through your pension scheme and the supporters who have invested gain a dividend each year – plus they get a season ticket out of it.”
“The Supporters’ Trust is on board, they think it’s a wonderful idea, I’ve got 2,500 members who are all going to join up to this, one fella phoned us on Friday night and gave us a £1 million donation.”
“We’ve got some money already [among the founders of the consortium], it’s not the £100 million but we’ve got somewhere near that.”
“And the way this works is, under our plan, the club becomes very very rich.”
Who is the Supporters Trust ? Is that the NUSC?
Hey this sounds like a plan that has no chance at all of being successful – we’re just glad this is not the American deal, who we are told have the money – I mean how long will it take to collect close to £100M in £10K increments? Come on – let’s get real.
It appears these are the kinds of airy fairy deals that have been annoying the Board as they want to sell the club to viable bidders, and potentially quickly too.
Roberts is well aware of the Newcastle debt, but he says the figure is different to the one being released to the public – but he doesn’t say if it’s smaller or bigger than the £20M outstanding of the £39M overdraft facility in place.
He claims his consortium would allow Newcastle to compete among England’s elite.
“I can’t divulge the club’s current debt, it’s not massive, but there are other things that the football club are not letting out.”
“The overdraft is what has been released into public domain, but we’ve got accountants working on it, doing due diligence on it, and they’re coming up with other things.”
“I would say there’s a 75 percent chance we could do this. I’ve got a big meeting on Monday, and it’s a chance for the football club to be a wealthy football club.”
“All we would do is set it up, the fans would then pick their president. They’re talking about Barry Moat taking over but he can’t get the money.”
“If he wants to have a meeting with us maybe we could all get together and he can be the chairman.” “Alan Shearer would be manager because the fans want that.”
“The money generated by this system would clear anything the club has got. It would give Alan Shearer £20-25 million to spend on players every year.”
We really don’t find this too convincing – and we’re pleased this is not the American-backed deal.
To us it’s too much like the Profitable Group bid (it’s everything we would ever want – too good to be true), which seemed to us in retrospect like propaganda, and we’re not sure how much of that was true. Maybe none of it.
Maybe they should have added that Tony Blair would be the new Newcastle Chairman.
When will all this end?
Hey – something a little more real, important and probable – we need those 3 points tonight – Howay The Lads!!