The News Of The World is reporting today that Barry Moat is on the brink of buying the Newcastle club.
Barry Moat – buying Newcastle> we have no idea
But don’t forget we said there would be some new news on the sale today, because this is Sunday.
How true this all is we have our serious doubts, but the NOTW is reporting that Barry is bidding just £90M, which gives Mike every chance of turning it down, since he’s said he wants the full £100M many times before.
And would you believe Managing Director Derek Llambias has slowed the deal down by flying off on holiday.
No, not really.
Moat was said to be waiting to see what funds would be awarded to former manager Kevin Keegan before completing the drawn out purchase of the club.
Moat is said to have put the cash in an account as proof of funds – but then the NOTW says the deal should be completed by the middle of next month.
But that’s 5 weeks away – and how imminent is that?
Take this report with a huge pinch of salt.