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.