If Ashley does not get a £100M offer for the club, then he has very right to keep the club, but we would have hoped that somebody somewhere could get the £100M together, to take the club off Mike’s hands.
Mike Ashley – probably will keep the club
Barry Moat seems to have been trying to buy the club for some months, and you have to think he just cannot get enough money together to meet the asking price, and that doesn’t look good.
He is expected to meet Newcastle Managing Director Derek Llambias this week and try to complete the deal, but we have to remember things right now are on the side of Ashley, as the team is doing so well in the Championship ans as long as that continues, the club’s price will rise.
As we had expected, and even warned there are rumors around that of new interest from India and South Africa (and Timbuktu), and the really sad news is that nobody has met Ashley’s asking price.
The prospects of Ashley selling the club are starting to fade five months after he put Newcastle up for sale, following relegation from the Premier League.
It’s almost the same amount of time Mike had the club up for sale last year, before he finally took it off the market on Sunday, December 28th, which we remember well – we were hammered 5-1 by Liverpool at home that afternoon!
An insider told the Daily Telegraph today:
“No one has come up with any money – no one,” “Barry Moat and the South Africans have one thing in common – they are all talking but they have no produced any money.”
“There will be some preliminary conversations late in the week and I would think Barry Moat will have some provisional discussions with them although I can’t underline provisional enough.”
“Until someone comes up with the money Mike Ashley has got to stay in control of the club. He has got no choice.”
Why are these talks still provisional after all this time?
Moat is believed to have submitted a formal bid for the club and is Seymour Pierce’s preferred bidder, although that doesn’t seem to be making much of a difference.
There are also claims that a South African consortium has made a bid to buy the club, but we’re still a little wary of that one, and whether it’s true or not
There are rumors that Barry Moat is talking to Geoff Sheard so their two bids could possibly be combined in some way. At least if they do that they can meet Mike’s asking price.
Another thought, if the NUST (Newcastle United Supporters Trust) has £20M committed already from the fans, why don’t they talk to Moat and say own 20% of the club and get a seat on the board to represent the Newcastle fans?
We cannot be the first ones to think that way.