Expect Multiple Newcastle Stories On Sale Of Club

Whether there’s any truth in the stories or not we are likely to see increased coverage in the gossip press on the potential sale of Newcastle United, and for good reason.

barry moat  -875686823

Barry Moat – only game in town according to Seymour Harris
Things seem delicately positioned right now because an obvious impediment to buying the club has now been removed.

We didn’t realize it until Friday that Keegan and his people were claiming £25M against the club, and that being the case, however unlikely that award would be, no decent pragmatic businessman would touch Newcastle with the club being sued for that amount of money.

However, that is no longer the case, and by this Friday Newcastle will have paid Kevin the £2M award he rightly won last Friday, for the nonsense that Wise and Ashley took him through last year.

We know Barry Moat is in there, trying to buy the club, but reports suggest he is not bidding the full £100M, and if that is true, we wouldn’t expect Mike Ashley to sell.

With the club doing so well at the top of the Championship, time is actually now on his side, and Ashley may even bring in reinforcements in the form of loan signings and outright buys in January, if he doesn’t get the  £100M offer for the club he wants.

There are reports this morning that Geoff Sheard remains in takeover negotiations with Newcastle, and is supposedly fronting an American bid, but it’s hard to know if there’s much truth in this since Seymour Harris says Barry Moat’s bid is the only valid one that exists right now, and have even recommended Mike accept it.

The bidders are said to be an American Investment Group and the bid is being managed by the Manchester legal firm of Halliwells.

News this morning that Sheard  is saying that Halliwells now have proof the New York-based investment group have the necessary money to buy the club – but we wonder if this is a continuing publicity stunt by Sheard.

Newcastle fans will have to hope that a deal can be completed quickly, but it’s now over 4 months since Newcastle were put up for sale, for a second time.

It’s now just past the total length of time the club was on sale last year, before Ashley took it off the market, we were then hammered 5-1 by Liverpool that Sunday afternoon (Dec 28th) at St. James’ Park, and then Shay Given wanted out.

What Mike will do now is anybody’s guess but if he keeps the club, the Ashley stigma will continue to be a burden on Newcastle United, and that cannot be good.

22 comments so far

  • The_Legend_Of_Jonas

    Oct 5, 2009 at 11:07 AM

    Comment #1

    Expect Multiple Newcastle Stories On Sale Of Club

    October 5th, 2009 by Ed Harrison


    Oh the irony Ed 🙂


    Oct 5, 2009 at 11:14 AM

    Comment #2

    i’d like to think MA has been through enough with this club… but if he’s pigheaded enough to persevere then the club will be treading water for some time yet.

    personally though, i think the sale is good to go and it’s no-one we know

  • Bigbadbob

    Oct 5, 2009 at 11:17 AM

    Comment #3

    One things for sure, we will get no info from the “club”!

  • pobstar

    Oct 5, 2009 at 11:42 AM

    Comment #4

    Personally, I think this is a case of delay tactics. Why take on a business pay out all the wages and be able to only make very little changes? New owner ( if any) will wait till January or just before and then probably blame the delay on Ashley. The deal could already be done and the delay is a stipulation on meeting the 100m asking price! Might want to keep some cash for Xmas presents!

  • will die for the toon army

    Oct 5, 2009 at 11:45 AM

    Comment #5

    I have two scenarios:
    First Scenario:
    MA stays brings in Barry Moat as Chairman talk through their Future Strategy the kids and all that stuff. Bring back Wise as Director of Football and Jimenez as the vice president of recruitment. If he wasnt lying abt that Nacho deal and that was a good deal. I wld also go for it but KK didnt care. I know how KK hated the academy stuff. That wld have never worked out. Bring in Guss Poyet as another coach and have a team of (CH, Collin and Poyet). These are all good coaches who can work well with a DoF.

    Second Scenario:
    We get a new owner and we dont what they will do. I dont leave in the future.

    NB: MA said and Wise said yesterday that MA will never sell to some one who doesnt have the best interest for Newcastle and doesnt have the big pockets. I have read this many times. That is someone who LOVES a club.

  • punk skunk...

    Oct 5, 2009 at 11:49 AM

    Comment #6

    …This kk thing has just brought all the lazy-assed journos back out of the closet…
    …Let’s have another bash at NUFC!..


  • Bigbadbob

    Oct 5, 2009 at 11:52 AM

    Comment #7

    wdftta@ 5 – are you for real or having a larf or what?

  • magpie6699

    Oct 5, 2009 at 12:02 PM

    Comment #8

    I wish Wise had kept his trap shut – he shouldn’t give MA ideas. (Only kidding, I suspect he’s got the ideas of staying anyway).
    Interesting to hear Mick Lowes – guy I have a lot of time for – on Radio Newcastle. He seemed more optimistic about a sale going through, and also reckoned the fans were entitled to sing anti-Ashley songs at the match. He also said that MA was definitely at the match and so would have heard them.
    PS Heard about the angel who called on a psychiatrist because he was worried about God having delusions? Apparently he thought he as Mike Ashley.

  • Whumpie

    Oct 5, 2009 at 12:18 PM

    Comment #9

    So – no news again, then. Just more speculation, and speculation on that speculation leading to some speculation.

    Don’t care much. 3 points clear at the top.

    BUT I am rather hoping that the FA have now informed MA that he fails their ‘fit and proper person’ tests and must sell up PDQ. That would at least show a modicum of credibility at the FA.

    Some chance.

  • Nick D

    Oct 5, 2009 at 12:26 PM

    Comment #10

    I think wdftt has a point.

    The ideas were’t wrong, just the people who were appointed to execute them. I’ve got no problem signing a player to get first dibs on the next Messi, Ronaldinho etc.

  • Filthy Malcolm

    Oct 5, 2009 at 12:27 PM

    Comment #11

    “I wish Wise had kept his trap shut – he shouldn’t give MA ideas.”

    These despicable tw*ts have done nothing but deliberately divide the fan base and stir up trouble whenever they have had the opportunity to do so .
    You do not get club statements from Ashley (unless it suits him to make one such the laughable club statement released on Sept 6th 2008 after keegan left) instead he causes trouble by releasing sometimes misleading garbage through his friends in the media.
    Cant wait for the day the fat slug leaves.

  • Filthy Malcolm

    Oct 5, 2009 at 12:32 PM

    Comment #12

    “I think wdftt has a point.

    The ideas were’t wrong, just the people who were appointed to execute them. I’ve got no problem signing a player to get first dibs on the next Messi, Ronaldinho etc.”

    Fatman trusted his mates , Kelmsley Wise Jimenaz JFK etc for advice to run the club and THEY are the one responsible for costing Ashley millions.
    If only Ashley had bothered to get advice from someone who knows what he is doing with regards to running a football club , David Dein for example, then things could have been oh so different.

  • G

    Oct 5, 2009 at 12:38 PM

    Comment #13

    I have to agree with Filthy Malcolm here. With regard to the comments made by WDFTT, my understanding of Ashleys intent is more to do with the fact that any purchase of the club will probs be structured over several years, therefore he is displaying greed (and I begrudgingly admit common sense) rather than love. If the man loved the club he wouldnt have his shady casino mate running the show, he would have brought in somebody with experience and knowledge.

  • Toonmania

    Oct 5, 2009 at 12:41 PM

    Comment #14

    i thought it was reported that Moat had offered the full £100 million, hmmm more bull from the papers then 🙁
    Ashley get out of our club NOW while you can still walk out

  • G

    Oct 5, 2009 at 12:45 PM

    Comment #15

    @Toonmania. I have heard that Seymour Peirce have reccomended the Moat sale, but it is based over 3 or 4 years for the full 100Mill. Wheras MA wants a big fat cheque for the full amount, and that is the hold up. Moat’s package has no room for this contingency as the package he has in place allows for so much investment to the team as well as throwing wonga Ashleys way once a year. MA finds this unacceptable and wants his cake now.
    Just rumours I have heard, but they sound plausable to me.


    Oct 5, 2009 at 12:46 PM

    Comment #16

    it stands to reasont hat no deal will go through whilst KK sues us… no new owner would want to knowingly accept such an unknown quantity.

    i’m sure a deal has been agreed in principle and now the way is clear to proceed

  • shrews mag

    Oct 5, 2009 at 2:02 PM

    Comment #17

    ‘Expect multiple stories on Sale of Club’

    … plenty of stories … but I think we all know deep down that MA is going nowhere …

  • sirjasontoon

    Oct 5, 2009 at 2:11 PM

    Comment #18

    Well said Shrews Mag…been saying the same thing for months…NO SALE.

  • liam85

    Oct 5, 2009 at 2:33 PM

    Comment #19

    Mike Ashley, sell up asap!
    Let someone with some sense take over!
    This guy is just happy to let our team fall apart, it makes me and many other fans upset. 🙁

  • shrews mag

    Oct 5, 2009 at 2:53 PM

    Comment #20

    sjt … if he’s not going to sell (which appears increasing likely) I wish he would just come out and say so …

    At least then would could get on with making the best of the current situation … and remove the massive feeling of uncertainty surrounding the club and the players.

  • Geordiedoonsooth

    Oct 5, 2009 at 5:46 PM

    Comment #21

    Mark my words we are stuck with Fat Tw*t & Lamearse for the foreseeable future. What a nightmare

  • chuck

    Oct 5, 2009 at 5:59 PM

    Comment #22

    Getting a bit fed up with these “club about to be sold” stories on this blog.
    Yeah I realize you have to attract readers Ed. but you are becoming more like the tabloids with each blog.
    Sure it`s difficult to find stories of interest right now, but enough with the ”
    “for sale” stuff.
    We both know there`s no one out there interested in this economy, as for Moat fugedaboudit!, day late and a dollar short !
    Ashley has no takers right now and is willing to hang on until the club gains promotion, in which case it will become more easy to sell, considering future revenue.
    Compare that with the uncertainty of a long second tier season with no guarantees and little in the way of funds coming in= a much better deal for any buyer.
    Just aint gonna happen !


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