Barry Moat In Headlong Dash To Buy Newcastle

Barry Moat is closing in on a deal to buy Newcastle United, according to sources in London, and if he is smart he’ll try to close the deal quickly, before other bidders come in for the club that is sitting pretty on top of the Championship after 11 games.

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Barry Moat – should move quickly to buy Newcastle

The word from inside Seymour Pierce, the investment bank that is brokering  the sale of  the famous Newcastle club, is that Tyneside businessman Moat is now on the verge of securing all the financial backing needed to be able to finally purchase the club.

It didn’t take a genius to realize the rather small award given to Kevin Keegan removed a huge uncertainty financially from the club, and it could have been a lot worse, with the news that Kevin was actually seeking £25.1M, despite his people denying that story of last Sunday.

Moat has had to maintain the support of several backers over the last few months, while he persuaded club’s bankers Barclays to give him a decent overdraft limit.

Sources close to the takeover negotiations are now said to be confident that Moat can finally buy the club.

Seymour Pierce maintain that Ashley may have already attended his last Newcastle game, and surely Moat’s goal would now be to buy the club within the International break of 2 weeks.

We have to think the  other potential buyers will also have been alerted by the small penalty imposed on Newcastle United for the disgraceful handling of Kevin Keegan, and will also be moving at full speed.

The best scenario is that the club is now sold very quickly.

But there are still some concerns that Moat has the money to be able to fund the transfers and/or loan signings the club will need in January.

And if we are lucky enough to get into the Premier League for next season, the club will need some funds to bring in the 4-5 top players we will then need to be safe in the Premier League next season.

The other unknown with Barry Moat is the Newcastle manager, and whether he will immediately bring in Alan Shearer, as has been reported.

After Chris Hughton has done so well with the team for the last 3 months, under almost the worst conditions possible, one would hope some stability is needed at Newcastle this season, and changing managers isn’t always the best thing – in mid-season – as we found out last season.

That will be a tough call to make.

Not once has Chris complained – about anything – and his positive attitude and down to earth thinking has seemingly rubbed off on many of our most senior players, and the good and still rather surprising results are there for all to see.

But the money Moat does or doesn’t have still seems to be the major concern with many of our readers.

We would hope that definite news on the sale of the club comes within the next couple of weeks.

26 comments so far

  • Nick D

    Oct 4, 2009 at 10:51 AM

    Comment #1

    Would prefer the Us sports group who are loaded

  • BlacknWhite Barmy

    Oct 4, 2009 at 11:03 AM

    Comment #2

    After Fat Freddy and FatCB – surely we must be due a good owner. Im not after Messi and co, just better than Butt, Geremi, Smith and Barton – and Guthrie on recent performances

  • Dennis Twice

    Oct 4, 2009 at 12:06 PM

    Comment #3

    Ashley out!

  • bro56

    Oct 4, 2009 at 12:07 PM

    Comment #4

    well i hope he does buy, at least there’ll be communication, Ashley is worse than Shepperd when it comes to customer relations, lol probably worse than Kim Jong Il..

    but where do we get our info from….Seymour Pierce maintain that Ashley may have already attended his last Newcastle game, and surely Moat’s goal would now be to buy the club within the International break of 2 weeks. lol

    and the word from “inside” semour Pierce… lol have we got a geordie cleaner working there passing on info… theres nt much word ourside semour nevermind from inside.. did this come from Anal Oliver and the people by any chance..

    very sceptical..

  • Marty-Toon

    Oct 4, 2009 at 12:16 PM

    Comment #5

    Where are the Quotes?????
    No truth in this but it surely must be possible now at the price the club is at and the possibility of Premier league football next year.

    Bassong should never have been sold as we will need him next season…BIG TIME

  • toonsy

    Oct 4, 2009 at 12:38 PM

    Comment #7

    Please not a 3rd time!

    Moat has obviously done enough to prove to Seymour Pierce he has the cash (potentially) for the to make him the preferred bidder.

    People say frying pan into fire, how? Right now we have an owner with money that wont spend it regardless vs a new owner with (maybe) little money, but the best interests of the club at heart. I know which one i’d prefer!

  • stk85

    Oct 4, 2009 at 12:52 PM

    Comment #8

    ed, i dontb think it matters how much moat is worth personally. i am a believer in this crazy world where money talks and players are beyond reality, we should all try to follow the arsenal model, because it is succesful, and more importantly, sustainable.

    clubs should have 4 revenue streams; gate receipts, tv money, prize money, merchandise. the day you start augmenting income with owners wealth is the day you start artificially making the club appear richer, and look at bear sterns, lehmann bros etc etc. this model has been proven a failure, we should steer well clear. and god forbid, players might have to accept a more reasonable wage?

    there is no reason why moat cannot run the club as chairman, using all its revenue streams currently available to make sure we are succesful.

    maybe we’ll have to employ players who actually want to play for the pride of Newcastle United?

    as for stardusts comments yesterday, commercial deals are no reason to walk out, excuse me, this is everything that is wrong with football, and the greed seeping into our everyday lives, in every walk of life. you proved yourself as deluded as bobby from king of the hill and lamearse. get a grip mate… before i go all capital letters again

  • punk skunk...

    Oct 4, 2009 at 12:58 PM

    Comment #9

    Is this anythin’ to do with football?..

    …Or is it yet more ragloid shoite to try & keep us makin’ them more cash of a sunday, whilst servin’ a great secondary perpose of canin’ Toon fans on the back of the head!..
    …Mmmm, my favorite!..

  • Hugh Jorgan

    Oct 4, 2009 at 1:16 PM

    Comment #10

    It’s certainly quiet today on the blog !

  • punk skunk...

    Oct 4, 2009 at 1:20 PM

    Comment #11

    None of it will make a blind bit of difference…

    …While everyone is so obsessed with the inner workin’s of the club, nowt will change…
    …Moat’s ‘honeymoon’ will last shorter than ashley’s…People will find/create reasons to spread hatred &/or doom, it’s their job, & that’l be that!..I for one can’t wait!..

    …Oh!..Was there some football bein’ played yesterday?..What happened?..

  • batty

    Oct 4, 2009 at 1:25 PM

    Comment #12


  • Shot Bru

    Oct 4, 2009 at 1:26 PM

    Comment #13

    Does anyone know how long Enrique is out for?

  • punk skunk...

    Oct 4, 2009 at 1:33 PM

    Comment #14

    Shot bru,
    not long, i hope, tho’ you never know with hamstring injuries!..

  • Hugh Jorgan

    Oct 4, 2009 at 1:49 PM

    Comment #15

    Let me mention the great unwashed, the poor relations or just the mackem scum.
    Is it not hugely embarrassing that they almost beat the mancs yesterday ?
    They must be laughing their socks off at Newcastle United.
    How low can we go ?

  • punk skunk...

    Oct 4, 2009 at 1:53 PM

    Comment #16

    Just shows how crap manure are this season, doesn’t it?..

  • noir9

    Oct 4, 2009 at 1:55 PM

    Comment #17

    Watched a bit of the sunday supplement today, they spoke about the Keegan settlement etc & the chap from the news of the world, can’t remember his name….but the other journo’s said he was a friend of fat ash was giving the impression that the sale would move quickly this week. Maybe he knows….but then again he works for the news of the world.

  • Shot Bru

    Oct 4, 2009 at 2:06 PM

    Comment #18

    Yeah hopefully it’s just a strain to enrique’s hamstring Punk Skunk, we deffo need him back asap, i guess we’re lucky we have a 2 week break now. The coaching staff should introduce some Ashtanga yoga for the players, that might cure all the muscle injuries within the squad. Been doin’ it for a about a year myself now and it totally gets the tightness outta your muscles.

  • punk skunk...

    Oct 4, 2009 at 2:11 PM

    Comment #19

    Shot bru,
    at least this season the international breaks seem to have landed at decent times for us, for a change!..
    …Might try a little yoghurt meself like!. 🙂

  • batty

    Oct 4, 2009 at 2:15 PM

    Comment #20

    noir9 yeah i saw that

  • batty

    Oct 4, 2009 at 2:17 PM

    Comment #21

    Shot Bru answer to your question last night ide like to see avram grant but it not gona happen as shearer is nailed on if moat buys

  • Shot Bru

    Oct 4, 2009 at 2:21 PM

    Comment #22

    Batty i can’t believe you’ve kept me in suspense all this time to tell me you want Avram Grant 🙂

  • batty

    Oct 4, 2009 at 2:25 PM

    Comment #23


  • chuck

    Oct 4, 2009 at 7:00 PM

    Comment #24

    Careful what you wish for !
    On Moat vs. Ashley, we do know Ashley has got dough, but we are unsure about Moat and his unknown backers.
    We also know Moat has stated he would hire Shearer and it`s a fact many fans would be happy with that combination.
    Then there are those who disagree, the fact that Moat himself(backers we dont know about) is not in the money bracket (Billionaire) now associated with recent PL club ownership.
    Even Randy Lerner @ Villa is looking for investor(s), Ashley stated he would like an additional investor, Liverpool has two billionaire`s and looking for more, Arsenal has several and we know about both Chelsea and Citeh., Pompey is adding another this week, I believe the Mackems owner is in that bracket as is the new owner @ Birmingham, even QPR has billionaire owners.
    The point I am attempting to make is, how does a team lacking the resource`s available to wealthier clubs have any chance of competing against them.
    Moats entire fortune could be considered chump change by comparison.
    I have no axe to grind against Moat, but merely mentioning some facts about the wealth needed in to-days PL in order to be competitive (and yes I am aware Everton are the exception to the rule) and repeating , careful what you wish for !

  • Nick D

    Oct 4, 2009 at 7:12 PM

    Comment #25


    We had the glorious chance when the fat b……d knocked back the Abu Dhabi group. I hate him more for that than anything else.

  • Sav

    Oct 5, 2009 at 11:29 AM

    Comment #26

    If this is a headlong dash, I’d hate to see Moat drag his heels.


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