American Consortium Now Regarded As Genuine Buyers

There is a little bit of new news in the Daily Mail this morning on the American bid for Newcastle, with the emphasis on little.


A New York based investment fund is dealing directly with owner Mike Ashley in an attempt to fast-track the sale of the club.

In short, the Mail is reporting the deal has reached a sale and purchase agreement stage with the Americans, who have apparently satisfied Ashley they have the £100M to complete the deal.

The Americans are said to be represented by Manchester law firm Halliwells, and are bypassing selling agents Seymour Pierce Bank, and conducting their business with Ashley’s London legal advisers Travers Smith.

Businessman Geoff Sheard, a former commercial director at Preston, is involved in the deal.

And a spokesperson for Ashley has apparently told the Mail last night,  the American consortium were being treated as genuine buyers now, but had ground to make up on Newcastle businessman Barry Moat’s bid.

How that can be true, since Barry Moat has never been able to put the £100M package together seems very strange.

Whether this story is true we have no idea, and quite honestly this stuff takes a back seat now, to how Chris and the boys are doing in the league.

If it happens it happens, but we’ve seen one too many of these bids since May, and will hardly get too excited about this one.

And it looks to us that Barry Moat just doesn’t have the capital to do the deal.

22 comments so far

  • Waddles mullet

    Sep 12, 2009 at 9:03 AM

    Comment #1

    Aaarrrrrgggghhhhh!!!!!!!! N

  • geordiedingo

    Sep 12, 2009 at 9:22 AM

    Comment #2

    yawn……. wake me up next season please.

  • Geordie-Gerrard7

    Sep 12, 2009 at 9:25 AM

    Comment #3

    would be nice but where have i heard all this before

  • Shot Bru

    Sep 12, 2009 at 9:29 AM

    Comment #4

    Why don’t the press just give it a rest, i’m so stoked we’ve had a magic start to the season with healthy home crowds and the away games selling out too, that kinda puts 2 fingers up to the press and and all the other fans from the premier league. Lets hope we can continue with our good run against Cardiff, i think we could well win this game with an almost full strength side playing Ranger up front with either Nolan or Barton playing the withdrawn strikers role.

  • The_Legend_Of_Jonas

    Sep 12, 2009 at 9:30 AM

    Comment #5

    Déjà vu

  • Stuart79

    Sep 12, 2009 at 9:44 AM

    Comment #6

    No doubt it’s a consortium with Gates, Buffet, Ellison and Allen.

    Make us the richest club in the world and spend,spend spend!


  • catchy in norway

    Sep 12, 2009 at 9:48 AM

    Comment #7

    you are now entering the twilght zone,,,
    do dododododododododo

  • sirjasontoon

    Sep 12, 2009 at 9:55 AM

    Comment #8

    Wake me up when this is over…fair play to the lads for just getting on with the football…RE the Sale,I will believe it when its posted on official site…probably 3 months after it actually happens.

  • sirjasontoon

    Sep 12, 2009 at 9:56 AM

    Comment #9

    P.S Mr Harrison hope you are on the mend Fella.

  • Solaidback

    Sep 12, 2009 at 10:00 AM

    Comment #10

    Stuart79 // Sep 12, 2009 at 9:44 AM

    No doubt it’s a consortium with Gates, Buffet, Ellison and Allen.

    Make us the richest club in the world and spend,spend spend!


    Even if those poeple were in the consortium, we wouldn’t be the riches club in the world, as all there wealth put together doesn’t past the £550billion which Manc Al Citey owners have behind them 🙁 nice thought tho.. lol

  • sirjasontoon

    Sep 12, 2009 at 10:10 AM

    Comment #11

    £550 Billion is just insane money,Mark Hughes gets more arrogant by the week-I see him lasting until xmas haha

  • newcastle29

    Sep 12, 2009 at 10:17 AM

    Comment #12

    like i have said on a number of occasions now, this lot where bidding before moat and they had proved they had the money 2 weeks ago. they have offered £50m down and £10m a season for 5 seasons.

    i think ashley is just playing the three bidders off against each other to get as much out of them as he can, if we were sat at the other end of the table i bet the club would be sold by now!

  • belfast toon

    Sep 12, 2009 at 10:22 AM

    Comment #13

    Aye yawn here too but I bet its the most viewed story on news now in the next couple of hours

  • Frank pingles come sock

    Sep 12, 2009 at 10:28 AM

    Comment #14

    These Americans will definately purchase the football club just taking a bit of time.

  • sirjasontoon

    Sep 12, 2009 at 11:37 AM

    Comment #15

    We just need this to be sorted,get a few loans in and hopefully have some spending money from new ownership in January and get promoted…sick of us being like Steptoe and Son, every window just passes us by and the players sold are never replaced.

  • Jeff D

    Sep 12, 2009 at 11:38 AM

    Comment #16

    He may have to sell up sharpish as it wont be long before hes playing mammies and daddies in parkhurst

  • punk skunk...

    Sep 12, 2009 at 12:03 PM

    Comment #17

    This is defo old ‘news’, if that word is actually applicable, which i doubt, ‘cos the news should be redefined ‘The Olds’…It’s just yet another sad & pathetic attempt by the harbingers of hate to keep some kinda crappy story runnin’!..
    …Taudry , or what?..

    …Actually, no, just plain taudry!..

  • Paul141726

    Sep 12, 2009 at 1:09 PM

    Comment #18

    Tired of it all. I just want a win on Sunday!!

  • chuck

    Sep 12, 2009 at 1:25 PM

    Comment #19

    Are you sure that`s not a typo £550b. ? you say?
    On the US bid, wondered what had become of it ?
    Dont think Moat has the money to buy.
    On saying that , would take just about anyone over the present owner and his sidekick, as it`s obvious they are conducting a holding pattern awaiting a new owner to take care of business.
    If in fact it`s a group from the US, hopefully we can expect them to install a proffessional management operation at the club, not some geezer plucked out of a gambling casino and a bunch of has been and never will be cohorts who`s only claim is they came cheap.

  • Toonpiper

    Sep 12, 2009 at 7:38 PM

    Comment #20

    I take it you mean Bill Gates – I suspect there’s more chance of Eric Gates buying us!!!

  • marshy

    Sep 12, 2009 at 9:40 PM

    Comment #21

    it is nice to have a good start this season but without doubt the most important thing is to get rid of ashley and llambias,they are the worst thing that has happened to our club.

  • tripp

    Sep 13, 2009 at 1:26 AM

    Comment #22

    would be shocked if MA sold the club this season. Why would he? If we go straight back up he can increase his asking price somewhat. Given our chances it seems unlikely that he would sell now.


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