Moat Gets Barclays Backing – Bids For Newcastle Club


The Times, The Daily Mirror and The Daily Mail are all reporting this morning the Barry Moat has lodged a substantial offer for Newcastle United.

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Barry Moat – made his formal offer yesterday of close to £100M

George Caulkin of the Times seems to be the one who has broken the story, and George  is a respected reporter of things Newcastle United, and is usually accurate with his stories.

The news is that Barry Moat, the Tyneside-based businessman, has received guarantees from Barclays that he will be provided with enough working capital to run the club, and it is again reported that he will immediately appoint Alan Shearer as Newcastle manager.

Moat is understood to have bid less than the £100M Ashley is asking, but the offer is said to be close to that figure.

Moat is also said to have met the Barclays Bank’s set of criteria to get the overdraft loan he needs, and Ashley has only to sanction the sale for it to become official – finally.

Barry is the preferred bidder of Seymour Pierce, the investment bank that has been handling Newcastle’s sale fr almost a year now, and he has been for several weeks now.

Ashley now has a decision to make, and we think he has thought carefully of keeping the club, as indeed Dennis Wise indicated over the weekend.

He could even keep the club until the summer, at which time Newcastle could well become a Premier League side again, and its price will go up, possibly substantially and approach a £200M figure.

We have to believe that last week’s £2M payout to Kevin Keegan, removed a significant impediment to buying the club, and we would think that other consortia may also be eyeing the famous Tyneside club, which is why Barry and his backers have to move very quickly, as we have previously reported.

But Newcastle fans have rightly become rather tired and weary of all the reported potential sales of the club over the last 4 months or so.

But after Ashley and his cronies were exposed last Friday, of  plainly lying to both the Geordie public, and to the manager Kevin Keegan, any decent man would sell the club and move out.

And therein lies the problem.



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57 comments so far

  • Chris F

    Oct 6, 2009 at 1:38 AM

    Comment #1

    i have a horrible feeling we’ll be stuck with ashley, only to see us promoted without him spending a penny on bringing new players in, then stuck in another preseason limbo as he yet again tries to hawk the club around to find a buyer at an inflated price.

    i hope to god i’m wrong, but i shan’t hold my breath.

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  • chestnut

    Oct 6, 2009 at 1:40 AM

    Comment #2

    whoever takes over our club must keep CH. dont rock the boat if its sailinh well. dont fix it if aint broken. CH style fits the players & they play well under him as manager. if MA stays, he will splash some cash for christmas spending for sure. not sure if moat can match him in this department except that he shares the same passion with the fans. we need to get back to premiership nx season. we simply dont belong here. give us some stability so we get automatic promotion quickly. the club is now stable on the field, there’s no need to fix anything. there’s no need to change manager. once we get promoted, then take the gamble by all means… appoint AS as manager. but for now, for goodness sake, keep it as it is.

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  • Timmers

    Oct 6, 2009 at 1:40 AM

    Comment #3

    Considering it was reported before on more than one occassion that he has bid/has the backers etc etc. I still think what the press are writing very hard to believe. I’m still not fully behind Moat as he is so close to Ashley. I know ppl want Ashley out as do I, but is it better the devil you know? The only thing we are all pinning our hopes on is that he is “a local businessman” and will “understand the club” Unless he is with a consortium with funding, I will remain “realistic” until the full facts are shown as to his intentions. Here’s hoping tho….

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  • DevonMag

    Oct 6, 2009 at 1:40 AM

    Comment #4

    to be honest Chris I have that same sinking feeling

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  • Toon_Fresh

    Oct 6, 2009 at 2:02 AM

    Comment #5

    Yeah i’m refusing to get my hopes up for any of this. I want to hear something substantial.

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  • DevonMag

    Oct 6, 2009 at 2:31 AM

    Comment #6

    How sad a situation is this? Newcastle fans, famous for our deluded optimism, are now so broken down by the ridiculous actions of this fat, cretinous scoundrel that all we can muster for this story is a now familiarly dour pessimism.
    What a pillock.

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  • Ketsbaia

    Oct 6, 2009 at 5:02 AM

    Comment #7

    Now that the Keegan payout has been resolved, I would expect that other potential bidders may emerge or even re-emerge. With a £25m contingent liability, absolutely no one was ever going to buy the club – the sale was essentially on hold. However now potential bidders know that there is no possibility that they will be on the hook for another 25% of the asking price which makes the club much more attractive. I don’t know anything about Moat or his supposed backers but given that the overdraft level has been a potential deal breaker there is no way that they can have worthwhile funds to invest in a club that apparently is still not able to fund itself. I would therefore actually prefer to hold off for a little while longer to find a buyer who will be able to take us forward. After all we can’t buy players until January and while I can’t wait for Mike Ashley to leave, I would rather we wait for the right buyer rather than rush and get another disaster in. Look at Portsmouth for example, they got a new owner not even a month ago and a few weeks later the wages of the players aren’t even being paid. I also don’t understand the clamour for Alan Shearer as manager which apparently Moat supports. I loved Alan as a player and all that he did for the club and I agree that he should not be judged on the last 8 games of last season, but how on earth do we know that he will be any good as a manager? Roy Keane and Tony Adams were players in a similar mould and have been average to poor. Alan could turn out to be great but there has been nothing to suggest that (or to suggest otherwise for that matter) so why would we take that gamble when we are sitting on top of the league? If we were to change the manager, surely we should be hiring someone with a proven track record given that we cannot gamble on our promotion this season?

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  • Tom Mo.

    Oct 6, 2009 at 5:45 AM

    Comment #8

    LONG time no talk gentlemen!! been a busy freshman year of college but I’ve still been following the toon! hope this sale goes through FINALLY in all honesty, can’t wait to see mike ashley go away.

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  • chestnut

    Oct 6, 2009 at 6:28 AM

    Comment #9

    Ketsbaia, I agree with what you said.

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  • chestnut

    Oct 6, 2009 at 6:55 AM

    Comment #10

    as Machievalli once said.. “the ends justify the means”. MA sure not gonna bring back AS for manager, which means that CH will most likely continue until the club is sold. If we change ownership, the financial backers (who not nowt about football) may want AS as manager purely out of financial return (ie. full capacity at SJP every game), but wont “necessarily” (ie. a big gamble) keep us at the top of championship until the end of the season to guarantee automatic return to premiership. so in my estimation, it is better for the fat cretin to stay, because the ends justify the means.

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  • Geordiedoonsooth

    Oct 6, 2009 at 7:13 AM

    Comment #11

    I hope I’m wrong but I really think we will be stuck with Fat Tw*t & Lamearse for the foreseeable future.

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  • Bigbadbob

    Oct 6, 2009 at 8:03 AM

    Comment #12

    Ashley has made some bad gambles recently, the list is almost endless, but if he decides to keep the club in the hope of doubling his investment then that would be the worst gamble of all.
    I laughed at Wise at the weekend saying Mike loved the club, after abusing it so badly, club and loyalty that is, just who are they trying to convince and the club is teetering on the edge of full blown revolt.
    If he cares anything about the club (and not just his pocket) he should go now, its now time for a big change in direction with true fans on the board and as manager.

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  • Robbanufc

    Oct 6, 2009 at 8:45 AM

    Comment #13

    I have nothing to say but; COCKNEY MAFIA OUT!

    I’m so sick and tired of Mike Ashley and his cronies!

    As for the CH and AS debate, Chris has done an magnificent job so far this season, and he has the players behind him. All credit to Chris, but AS is a winner, always was and always will be. Winner mentality is what we want in our players. We want attacking football, passion and bleeding for the shirt!

    am I right?

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  • sahota

    Oct 6, 2009 at 8:55 AM

    Comment #14

    Not sure what to say. I am just tired of listening this news again and again about sale. But guys I understand what you all mean by NOT changing anything as CH has kept us almost near TOP. But guys do you realize we have not even played 1/4 of our games. You can not assume on our current standing where we will be come end of season. And getting Alan Shearer after promotion would be very dangerous. I still this we might be better of having AS now instead when we are in PL. He will have sometime to learn the trade and also will have many games to know about players. So that we are promoted he can sign 4-5 new players and keep some from existing squad.

    Nobody knows where we will be at end of season 🙂

    But I still hope Mike just sells the club and moves on. We have been in Media due to all wrong reasons since he is owner. You can not rely on him for us to get promoted.Even if we do get promoted the new owner can not be found in just few weeks specially when Mike is selling the club.

    SELL NOW ! and MOVE ON

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  • belfast toon

    Oct 6, 2009 at 8:55 AM

    Comment #15

    100% robba

    We don’t need to sack Chris the mans done a great job keep him on changeover slowly but Shearer is still the only man for the job

    If that is wer ever taken over

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  • belfast toon

    Oct 6, 2009 at 9:04 AM

    Comment #16

    Their was a young Geordie called moat
    who kept all our dreams afloat
    he came in with a bid
    of nearly 100 million quid
    and said yo fat boy get your coat

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  • Robbanufc

    Oct 6, 2009 at 9:08 AM

    Comment #17

    Shearer bleeds black and white, he knows this club and the fans. He needs time to learn his trade, and build confidence in the squad. He will attract top youngsters from everywhere.

    I for one think he has such a potential as a manager, as he is a born leader.

    Dont get me wrong, Chris has done an ever so good job, but at the end of the day, he’s a coach. And I dont think he will get us promoted this season. When our bad form comes, he wont be able to turn that around. When our big players get injured, he wont be able to make the youngsters shine.

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  • nzedtoonman

    Oct 6, 2009 at 9:09 AM

    Comment #18

    Did anyone read Dennis Wise’s comments in the article in Skysports news , stating he DOUBTS that ‘ M.A.’ will sell at all , and more likely keep Nufc until they go up and then sell at a bigger profit ??

    http://www.skysports.com/story/0,19528,11688_5608614,00.html

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  • Stuart79

    Oct 6, 2009 at 9:21 AM

    Comment #19

    Don’t be suprised if he turns it down.

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  • Robbanufc

    Oct 6, 2009 at 9:27 AM

    Comment #20

    Stuart, do you ever get suprised when it comes to mike anymore?

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  • Hobs

    Oct 6, 2009 at 9:30 AM

    Comment #21

    Shearer boss, Hughton assistant.
    Hughton has yet to prove anything when the team is underperforming. Till now, he’s been fielding the best players in the league, by far, that should be enough to top the table. And still we’re not able to break down the teams that only come to us for a point.

    Last season when he was caretaker, the results was not convincing.

    No offence to Chris, and I want to have concistency in the team. But he has only done as much as would be expected by anyone managing these players in this league.
    Appointing Hughton full time will only be a new Roeder / Sammy Lee mistake. Working for a season, then it stagnates and we need a new manager.
    I think we should get Shearer in as full time manager, with Hughton working close to him and building on what we already have at the club.

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  • Yorick Hunt

    Oct 6, 2009 at 9:30 AM

    Comment #22

    Robbanufc What a load of speculative tosh!!
    Mike Ashley isn’t even a Cockney for starters, and in regurgitating that reactionary crap you instantly discredit any other opinions you might have.
    Hasn’t Hughton already brought Ranger through and got him playing well?

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  • Robbanufc

    Oct 6, 2009 at 9:38 AM

    Comment #23

    Yorick, Just speaking my mind…

    Ranger has done really well, and he will most likely only improve!

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  • batty

    Oct 6, 2009 at 9:40 AM

    Comment #24

    Yorick Hunt // Oct 6, 2009 at 9:30 AM

    Robbanufc What a load of speculative tosh!!
    Mike Ashley isn’t even a Cockney for starters, and in regurgitating that reactionary crap you instantly discredit any other opinions you might have.
    Hasn’t Hughton already brought Ranger through and got him playing well?<<<<<wasent it shearer who stuck ranger in the 1st team squad las season?

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  • batty

    Oct 6, 2009 at 9:41 AM

    Comment #25

    i think it was

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  • komfort

    Oct 6, 2009 at 9:41 AM

    Comment #26

    ed , – barry and his backers have to move very quickly – hahaha…..iv’e seen more go in a sicknote !….it aint gonna happen man.

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  • Nick D

    Oct 6, 2009 at 9:43 AM

    Comment #27

    Why does Moat keep winding everyone up with these sub 100M offers ?
    If he hasn’t got it, why doesn’t he just do one?
    Fat boy is hardly going to sell for less when we are top of the league.

    Would be interesting if NUST came on board with a 20M stake with Moat perhaps.

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  • batty

    Oct 6, 2009 at 9:44 AM

    Comment #28

    and also it was shearer who urged the club to give ranger a new deal

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  • Yorick Hunt

    Oct 6, 2009 at 9:44 AM

    Comment #29

    Yeah he put him in the squad but he didn’t get to play

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  • dave 1961

    Oct 6, 2009 at 9:44 AM

    Comment #30

    quite a few people seem to think shearer will sack Chris, i for one think he will keep him, as this would start on a stable footing, Chris is a good coach & as long as he does what shearer wants, i for one think we will see a seamless progression, we have to find out about shearer it a question that needs answers. he will fill st James park so this at least will provide funds for new players. if shearer tries & fails we can then move on, and who now’s Chris could take over then, but my honest opinion is shearer will start the roller coaster.

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  • Yorick Hunt

    Oct 6, 2009 at 9:45 AM

    Comment #31

    but nick butt-head did

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  • batty

    Oct 6, 2009 at 9:47 AM

    Comment #32

    Yorick Hunt but do you think chris would of put him in the squad if owen vid and martins was still here

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  • Robbanufc

    Oct 6, 2009 at 9:48 AM

    Comment #33

    It was a different league, and we were fighting to survive in the premier league. He had Owen, Martins, Shola, Lovenkrands, Viduka and Carroll ahead of him for the striker spot. It was a huge risk playing him at that point, now it isnt.

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  • komfort

    Oct 6, 2009 at 9:52 AM

    Comment #34

    exactly batty….no one else to play is the reason.

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  • Yorick Hunt

    Oct 6, 2009 at 9:57 AM

    Comment #35

    you probably have a point batty, I am just becoming as dissilusioned with the fans as I am with Ashley. Some of the attitudes displayed by the people “supporting” the team on saturday was disgusting. perhaps if they offered as much support as they do hate-filled reactionary criticism, we would not be where we are now. No doubt people will say that I am somehow defending Ashley when I say this, well that just highlights what I am saying.

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  • Stuart79

    Oct 6, 2009 at 9:59 AM

    Comment #36

    Yorick Hunt // Oct 6, 2009 at 9:57 AM

    When you pay your money, you’re entitled to vent your frustrations aren’t you?

    If you bought a tv from currys and it was faulty would you be happy?

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  • Yorick Hunt

    Oct 6, 2009 at 10:10 AM

    Comment #37

    I’m not talking about the people who understandably were venting their frustrations. I was one of those people. I’m talking about the morons who were going absolutely nuts at certain players (jonas for example) saying that he deserved to die and should never play for us again, when he was obviously trying his hardest and ten minutes earlier had done one of the most amazing bits of footwork I have ever witnessed (when he went past 4 or 5 of their players in the middle of the pitch only to find that people like guthrie had made no runs to offer him an easy ball, But because Guthrie pretty much remained anonymouys throughout the game he escaped the vitriol coming from those dickheads)

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  • Yorick Hunt

    Oct 6, 2009 at 10:11 AM

    Comment #38

    Why do people always jump in and presume I’m talking about them!?

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  • bro56

    Oct 6, 2009 at 10:13 AM

    Comment #39

    Hope its true, but ashley being the aloof buffoon we know will not be concerened that the public want to stone him to death. If he thinks the cash will rise once promoted (hopefully) he’ll wait….its all about the money…

    I hope he does buy the toon and we get a proven manager in to get us out of this league, CH isnt the man, he’s admitted before, hes a coach, you wouldnt ask an experienced shelf stacker to run Morrisons!!

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  • bro56

    Oct 6, 2009 at 10:15 AM

    Comment #40

    belfast toon… nice limerick…

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