Another Newcastle Bidder Bites The Dust – Or Do They?

As we had suspected the American consortium bidding to buy Newcastle United have ended talks with Seymour Pierce collapsed.


Not sure how many consortia have been looking at Newcastle and their books, but it seems quite a few never have the money to start with.

We were hoping the Americans were serious, and we wonder just why nobody wants to come in and buy the Newcastle club. 🙁

We were told the New York based bidders flew into London last Friday, but talks reached stalemate after they failed to provide sufficient proof of funds.

So maybe even these Americans don’t have the money.

But the Evening Chronicle is reporting today that discussions on the possible takeover are now taking place between Derek Llambias and a representative of the US group based across the Atlantic on a conference call.

So does this mean the bid is still on – we have no idea – and quite honestly we’re beyond even caring.

That’s it – no more discussion on this soap opera stuff.

All we are worried about is 3 points at Cardiff in 9 days time. If that happens we’ll be delighted.

Comments welcome.

25 comments so far

  • Bigbadbob

    Sep 4, 2009 at 1:41 PM

    Comment #1

    I knew it, as soon as the team started well and the crowds were up, Ashley smells the cash after he has raked in millions from player sales and will stay until he is forced out.
    Too many fans are fooled by the points on the board and have already forgotten the relegation and he knows that, he has abused the loyalty of the fans and will continue to do so.

  • dave 1961

    Sep 4, 2009 at 1:42 PM

    Comment #2

    one problem with all the so called bidders, it was said that they had to provide suitable proof of funds before due diligence, typical duo can’t even do that.

  • Bigbadbob

    Sep 4, 2009 at 1:50 PM

    Comment #3

    Could it be that he has deliberately overpriced the club knowing it wouldnt be sold, there must be something which is scaring off all the bidders which isnt being made public.

  • milburn

    Sep 4, 2009 at 1:56 PM

    Comment #4

    Enough of the takeover talk already. a summer of frustration has given way to some mild optomism on the pitch. Forget about takeovers and the problem will find its own solution if we can somehow get promoted. We will become a much less risky proposition then as EPL income streams would be in place for any new investor (a higher initial price will need to be paid for that luxury though).

  • dave 1961

    Sep 4, 2009 at 1:59 PM

    Comment #5

    one major problem if we go up so does the price out the frying pan into the fire.

  • dave 1961

    Sep 4, 2009 at 2:01 PM

    Comment #6

    i just wondered if any pols for manager included kinnear & if so what was the % that wanted him as manager.

  • milburn

    Sep 4, 2009 at 2:05 PM

    Comment #7

    dave 1961- There is a poll for the people in favour of JFK. The % figures in favour were 0.001%. The only problem was the 1 person out of £52,000 was called Michael and he owns the club (unfortunately)

  • toonsy

    Sep 4, 2009 at 2:25 PM

    Comment #8

    Dont shoot me, but its not completely unsalvagable if Ashley does stay. He just needs to kick his cronies out and get some people in at board room level who know how to run a football club and also invest in a few players during transfer windows. Failing that, why not draw some investment from somewhere? Like Moat for example. However if does keep on how he is doing, then there really is no going back for him.

  • Bigbadbob

    Sep 4, 2009 at 2:35 PM

    Comment #9

    Toonsy – how many times has he said sorry, when he has made mistakes he has appeared to make some good corrective decisions such as Keegan and Shearer and then gone on to make equally bad ones.
    Its repeat behaviour so it will continue but worst of all is his lack of communication which breeds suspicion, anger and despair amongst the fans who pay a fortune into the club.
    So making short term popular decisions wont win anyone over, we have seen it all before and wont be easily conned again.

  • premier

    Sep 4, 2009 at 2:44 PM

    Comment #10

    Best chance of a sale would be to get shot of Seymour Pierce and engage Del Boy–he knows how to get shot of dodgy merchandise!!

  • Bigbadbob

    Sep 4, 2009 at 2:47 PM

    Comment #11

    premier – you are one SMB

  • onepeterb

    Sep 4, 2009 at 2:49 PM

    Comment #12

    Could be that we should be thankful that MA has not sold up to some of the cowboys and carpet baggers that have tried to buy the club without enough money to do the job

  • Paul141726

    Sep 4, 2009 at 3:02 PM

    Comment #13

    How does anyone know what caused the consortia (if there were any) from not being considered as buyers for the club? Maybe they didn’t have the financials to back up their bid or maybe there are hidden costs that they don’t want to take on or maybe it’s all horse #&^@. If I were a betting man, my hard earned would be on the latter.

  • lesh

    Sep 4, 2009 at 3:43 PM

    Comment #14

    Would this lot be the Sheard inspired bunch who had visions of a Barca type co-operative? If so, there’s a fair chance that it’s daft enough for Ashley and Llambias to fall for it!

  • AngerOfTheNorth

    Sep 4, 2009 at 4:18 PM

    Comment #15

    Well who’d have saw that one coming..?

    I can’t be bothered to dig out the thread I said it on (there was more than one I think) but I did say that we’d see this consortium disappear a few days after the window closed.

    Ashley needed an excuse to take people’s attention away from the lack of signings and the non-movement on Moat’s bid with a week left of the window to go. How amazing therefore that a rich, experienced, professional sounding American corporation suddenly appeared from nowhere, seemingly never having so much as made an enquiry about the club for the previous three months? A corporation that despite their size, the number of people that would have known about the bid, the level of experience they had and their base city being known (New York), not a single person, journalist or publication so much as managed a guess as to who this corporation was.

    I’m simply amazed so many people bought Ashley’s little planted story. He must be over the moon.

  • Ashley Hole

    Sep 4, 2009 at 4:24 PM

    Comment #16

    This dog has included a clause in to contract…if Newcastle get promoted….then 40%….of….

    This fuc** better go hel* and soon…leave the toon!

  • newcastle29

    Sep 4, 2009 at 4:26 PM

    Comment #17


    this is down to ashley, he will squeeze as much money out of bidders as he can, as for the sheard bid they have made a good offer. they have offered £50m down an £10m a season for 5 seasons, they have also shown proof of the £50m. ashley is just playing the two american bidders off against each other! END OF!!!

  • Nick D

    Sep 4, 2009 at 4:54 PM

    Comment #18

    I don’t know where people get the idea ashley is personally raking in the money via transfers.
    He had no option but to sell players to reduce the wages which were crippling us and other monies have probably gone towards lowering the overdraft which was totally unsustainable.
    It all has to go through the books. Ashley gave us a 100M debt free loan. Yes he’s made a lot of mistakes, but this idea that he’s pocketing the money from transfers is OTT.

  • lesh

    Sep 4, 2009 at 5:00 PM

    Comment #19

    newcastle29 // Sep 4, 2009 at 4:26 PM @ 17….. where’d you get that info from?

    Why don’t bidders just just pool up and give him the offer he wants – £100m on the table?

  • Bigbadbob

    Sep 4, 2009 at 5:03 PM

    Comment #20

    Nick D – rumours and opinions are discussed and passed on then become well said facts simply because the club do not give anyone any information whatsoever which would separate fact from fiction.
    So, what you say may be true, we will never know for sure though.

  • dave 1961

    Sep 4, 2009 at 5:34 PM

    Comment #21

    that’s if Mike Ashley ever wanted to sell, it could just be to take the pressure off, whilst going about selling players. but anyone thinking he’s pocketed money are unfamiliar as to how business law works. its easy to give a business a 100million loan getting it back is somewhat more tricky.

  • Alex

    Sep 4, 2009 at 6:08 PM

    Comment #22

    Guys i think Ed is right “no more discussion on this soap opera stuff “. Let it run its course , we should all just get back to enjoying the run we are now on and cheer the team all the way back to the premiership . No one is bigger than Newcastle United Football Club and the club will be here longer than ashley ever will be .

  • workyticket

    Sep 4, 2009 at 6:49 PM

    Comment #23

    Bigbadbob // Sep 4, 2009 at 1:50 PM

    “there must be something which is scaring off all the bidders which isnt being made public.”

    The fans, Bob. No-one wants to be the next Mike Ashley.

  • Lew Davies

    Sep 4, 2009 at 9:33 PM

    Comment #24

    You could be onto something there worky.
    Stupid protests and personal attacks on ashley have achieved nothing. Apart from humiliating the club even more than ashley has done.
    I said months ago, that there was no way ashley will want to sell at a loss of £100M+
    He is not that desperate to get out…..yet.
    I think he is biding his time and
    1. hoping we get promoted 1st time.
    2. praying the economy will pick up.
    3. sticking up 2 fingers to all of us.

    Other people have said the worst thing that could happen was a positive start to the campaign, and I fear they are right.

    Fuxxing crazy 🙁

  • dave 1961

    Sep 5, 2009 at 4:58 PM

    Comment #25

    Mike Ashley shows total disregard for anyone that disagrees with him, he will do things his way no matter what, lets see if anyone say don’t protest for any reason when he brings kinnear back and tells you all to get stuffed if you don’t like it, a football club is unlike any other business and an owner is only the custodian of said business, and i am willing to explain this to him anytime he want’s. i except he’s the owner and has paid 250million for it, but he must understand its my right of birth, he has a duty to keep me and the other 45,000 happy as he only truly owns what is Newcastle united football club with our consent, and we will only fill Mikes pockets if he keep me and my 45,000 colleagues happy.


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