Louise Taylor is reporting in the Guardian late tonight, there is unlikely to be a Newcastle sale soon, and maybe not even this season.
Mike Ashley – will he still want to sell?
It seems the Barry Moat deal could take months, but apparently is dependent on Mike reducing his £100M asking price. But let’s get real very quickly, there’s no way Mike is going to do that, with Newcastle currently sitting pretty at the head of the Championship table.
The Guardian reports that sources close to Moat say they have the money to meet Ashley’s £100M asking price, but are not prepared to pay it.
Really! That hardly sounds feasible to us – yes I didn’t pass the exam but it’s only because I didn’t want to – comes to mind from our schooldays and always seemed to be untrue – and the above seems similar kind of convoluted thinking.
And it’s hard to think that Mike, who paid £134M for th club and put another £100M in would be willing to reduce his price.
In ahort, it seems the best Moat can do is to try to get a deal done before Christmas.
But keeping the club up for sale is one of the things that killed us last season, the club being up for sale for 4 months – and that doesn’t help the team or the players.
But maybe they are more used to the craziness that Ashley brings to Tyneside these days, and Hughton has gelled the players to forget what’s going on with Ashley and company. and just get the results on the pitch, and they are doing a great job at that so far.
But when did you have to almost fight the owner to make Newcastle successful ?
Player sales of £23M have helped cut the club’s overdraft and the wage bill of £74M has dropped to around £46M (by our detailed spreadsheet calculations), but other quotes say it is lower than that and under £40M.
By the way other Championship clubs are said to have wage bills of around £9M – so we better keep winning our games.
So the financial picture for Newcastle has also definitely improved, and that’s good news.
What Mike should do is keep the club, and do all he can to help the Magpies back to the Premier League next May, and suddenly he’s doubled the asking price, and a sale would be easier since the financial books are in better shape.
£100M in 9 months (Sep 09 -> May 10) would be a fantastic return.
That’s what we would do – so let’s hope Mike’s business decision making continues to be hopeless and he doesn’t do that. :D.
Kevin Keegan’s claim against the club has also not been settled yet, and would be buyers do not want to take on this liability.
Keith Harris, the executive chairman of Seymour Pierce, who has been a player in this soap opera for a year now, cannot give any definitive predictions as to when a sale is likely.
“My gut instinct is that Newcastle will have a new owner by Christmas,”
“It’s a very attractive asset but people are taking their time about things.”
We’re little surprised at this statement from Keith, and we have to assume the American consortium is not what it was cracked up to be.
If Newcastle keep winning, there’s a decent chance Middle East Consortia will move in and buy the club – quickly.
And even offer Mike a premium of say £10M more if Newcastle are 10 points clear by Christmas – but if that’s true we’ll be checking the old piggy bank again.
We think the more wins Newcastle can pile up, the more likely Ashley will not sell, or let’s say the more demanding he’ll become with the sale, because he starts to hold all the cards. .
If Mike stays at the club, it will not be good – we know that.
But the very last thing we want to happen is to have him disrupt things on the pitch at Newcastle, or have fan protests that do this.
Chris and the players have set the right example – and are getting th job done so far, so let’s continue to fully support the lads 100% and not upset the band wagon.
Although some would say it’s already overturned, and could provide a litany of proof. 😀
Howay The Lads!!.