Race Is On To Buy Newcastle

Well, would you believe it, news today that five different consortia are competing to buy the Newcastle United Football Club.


We know Barry Moat is one of the interested parties, and the preferred bidder of investment bankers Seymour Pierce.

But news today that as many as four other groups, all understood to be based overseas, are in talks with Newcastle over the sale of the club.

As we have mentioned before the resolution of Kevin Keegan’s claim of £25M against the club has been completed, and with just £2M going out of the club’s coffers to Kevin, that seems to have started a stampede for those who are still interested in buying the club – and it seems like quite a few are now more than interested.

It would even appear that Kevin’s claim has been the dark cloud hanging over the club’s finances, because having to pay out £25M to Kevin, would have just crippled the club financially, let’s face it.

Ashley is still keen to sell Newcastle, but it would appear that the very positive start made by Newcastle this season, under the unlikely but sterling leadership of Chris Hughton, has reduced Mike Ashley’s urgency to sell the club, and that’s unfortunate.

Mike wants the full £100M asking price for the club, and with 5 interested parties, you would have to think that price would be forthcoming from at least one bidder.

And Ashley has also demanded that the successful candidate prove they have the money up front, before any deal is finally struck.

Newcastle are now in much better financial shape than they were in the summer, with £22M coming in from outgoing transfers that was used to reduce the overall debt, and the massive wage bill of about £74M has been halved.

So it would seem that Newcastle have now become a much better proposition financially, although significant funds will be needed in the summer, should we be successful in getting the promotion every Geordie fan is praying for.

Perhaps things are starting to look up – even more so – for Newcastle United, and that can’t be bad. 😀

Comments welcome.

You can share this articleShare on FacebookShare on Google+Tweet about this on TwitterEmail this to someonePin on PinterestDigg thisShare on LinkedInShare on RedditShare on Tumblr

20 comments so far

  • TonyGreenSupreme

    Oct 7, 2009 at 6:37 PM

    Comment #1

    The pantomine continues………………
    Ashley will not sell as he now believes that we have a decent chance of promotion.

  • chuck

    Oct 7, 2009 at 6:38 PM

    Comment #2

    Really Ed.
    There`s a race on between five different groups to buy the Toon ?
    Any of them got the hundred mill. being asked ?
    And who are these five ?
    There`s Moat, The S/African`s and errr ?
    Sounds like a re-run of stories from the beginning of the year.
    Aint gonna happen.

  • TonyGreenSupreme

    Oct 7, 2009 at 6:50 PM

    Comment #3

    I agree with you mate, there is a distinct lack of evidence to support any of these buyers including Mr Moat.
    The journo’s will print any rumour to sell a paper, I would love to meet the clubs inside source. Wonder if it is Ashley’s Gimp Llambias?

  • Stuart79

    Oct 7, 2009 at 7:01 PM

    Comment #4

    There is only Moat in the running to buy the club.

    Th story of five interested is propoganda peddled by Mike Ashley’s very own propoganda machine aka Sky Sports News.

    David Craig gets his info directly from Llambias and I’m sure none of us would believe him would we?

  • pondering

    Oct 7, 2009 at 7:04 PM

    Comment #5

    if anyone’s interested stardust’s identity has been revealed on .org , the south african bond man article.

  • Geordiedoonsooth

    Oct 7, 2009 at 7:10 PM

    Comment #6

    God I am so p*ssed of with this saga it seems to have been running longer than Corination Street.
    FFS fat tw*t sell up quickly & GTF out of Toon

  • Bill F

    Oct 7, 2009 at 7:22 PM

    Comment #7

    It’s a bit like a race from that Monty Python sketch, the highly confused 100 metres.

  • toonsy

    Oct 7, 2009 at 7:33 PM

    Comment #8

    I’d like to think the last 2 results have made it clearer that promotion is by no means certain, and that Ashley is best off cutting his losses to avoid losing a lot more if we dont get promoted!

  • Doocey

    Oct 7, 2009 at 7:38 PM

    Comment #9

    I’d rather there wasn’t a race on, it should’ve been on before the season started.

  • Davy Craig

    Oct 7, 2009 at 8:12 PM

    Comment #10


    How can you say with any credibility that Sky Sports is run as Mike Ashley’s very own propoganda machine?

    Where do you get your information if you’re certain of other’s sources? Is from “they”?

  • Stuart79

    Oct 7, 2009 at 8:33 PM

    Comment #11

    Davy Craig // Oct 7, 2009 at 8:12 PM


    How can you say with any credibility that Sky Sports is run as Mike Ashley’s very own propoganda machine?

    Where do you get your information if you’re certain of other’s sources? Is from “they”?

    David Craig himself has said he gets told off Llambias. Hence nothing SSN have said has been right.

    I have said on a couple of occasions what I have been told and it has happened.

    Just wait and see.

  • dave 1961

    Oct 7, 2009 at 8:44 PM

    Comment #12

    Ashley will wait until we start to loose then it will be a case of do nothing until 11 hour & 59 minuets then panic. if this inactivity continues hes just leaving everything to chance yet again, we all know Ashly’s a gambler, also we know hes a poor one too, a looser, he should realize the 100 million is better than he deserves, it took over 100 years to build our club it took Ashley 1 year to wreck it, i think in a former life he built the titanic, lets face it we are a rudderless ship heading for an iceberg, with a little Chris Hughton with a pair of ores just keeping us from striking. what can Ashley be getting from putting us through this over & over again. i think he must have been bullied at school or something.

  • Isaac Hunt

    Oct 7, 2009 at 9:02 PM

    Comment #13

    I wouln’t mins a pair of ores myself to be honest.

  • Solaidback

    Oct 7, 2009 at 9:43 PM

    Comment #14

    I did post this on the blog yesterday that we’d have more consortia appear in the next couple of days & lookwhats happened 😮

    Just wonder who they are & if they have bags of cash to inhect into the club come Jan 🙂

  • sirjasontoon

    Oct 7, 2009 at 9:50 PM

    Comment #15

    Mike Ashley is a Fat Prick.

  • nobby sol

    Oct 7, 2009 at 10:45 PM

    Comment #16

    it makes sense that the club hasnt been bought yet if there was a risk of loosing 25 million to keegan. now that it is all gone and we are top of the league and one of the favourites to be promoted surely someone will take us.

    portsmouth just got took ova by anotha new arab and the deal was done in literally 9 days time. and when you think of the state that they are in.

  • chestnut

    Oct 8, 2009 at 3:56 AM

    Comment #17

    I am one of the 5 bidders ED. Believe me.

  • Ashley Hole

    Oct 8, 2009 at 5:49 AM

    Comment #18

    Greedy pig`s gonna burn in hell

  • newcastle29

    Oct 8, 2009 at 1:41 PM

    Comment #19

    Stuart79. @ 4

    You are wrong mate!!!
    there have been a few solid offers made for the club, but ashley has turned them down, end of!

    1. Moat has now made two offers!

    2.sheard + yanks made a £50m down plus £10m over five seasons.

    3. another english businessman(who i will not name) + yanks consortia offered £60 outright and take on debt.

    4. south africans(i’m not so sure about them)

    5. i do know the halls are interested in comming back!(thats fact)

  • Davy Craig

    Oct 8, 2009 at 4:09 PM

    Comment #20


    “David Craig himself has said he gets told off Llambias. Hence nothing SSN have said has been right.

    I have said on a couple of occasions what I have been told and it has happened.

    Just wait and see.”

    What sort of an answer is that? Sky Sports will not get news from one singular source. Yes, info will be filtered down from Llambias and others but they are journalists who will use a number of sources.

    I may as well sell my sky box, not watch the football news anymore and just listen to your opinion instead then!

    You have to have an open mind on this sort of thing and not believe everything you’re told in the pub mate!


You must log in to post a comment.