Mike Ashley has confirmed he will give Barry Moat just one week to come up with the £80M up front, if he is to buy the Newcastle club.
Ashley and Moat – give me £80M up front
And Mike has also said he will appoint Chris Hughton as Newcastle United’s permanent manager if Barry Moat doesn’t come up with the goods.
In the Sunday Times yesterday Ashley publicly cast doubts on Moat’s ability to raise the necessary funds to buy the club.
Apparently Barry wants to pay £40M up front and another £40M at the end of the season.
Moat is to meet with his backers again this week to ask them to give him their money in one lump sum, and is said to still be confident he can complete the deal. But he’s about the only one who is confident.
We have our doubts because if Moat is having this amount of trouble coming up with £80M, where would the money come from to strengthen the squad, so we can move forward in January and in the summer?
Ashley has every right to be increasingly frustrated at the delay.
And it seems that Mike has no thoughts at all of bringing in Alan Shearer as manager again, as he said yesterday:
“Chris deserves a shot at the title – he has done a great job, but if I keep the club I will have the final say on players. I am the one who has to fund the club.”
“Barry Moat has been driving me mad for two years. If he wants to buy the club he has a one-off opportunity to come up with the cash – £80M up front.”
“I have to put £20M a year into the club. I spend more money then every fan put together puts into the club each year. If you cannot pay up front to buy the club, you cannot afford it.”
Mike could do himself a lot of good by talking to the press more often, so we the fans get some idea of what he’s thinking.
And not surprisingly Ashley regrets ever getting involved with Newcastle United:
“Of course I regret it. I never said I was an expert in football club”‘
‘”I tried my best, but I accept my best was woefully short.”
There’s nothing wrong with an owner not knowing much about football, but the intelligent owner brings people in who know how to run a club, and Mike hasn’t done that.
If he does stay he would be well advised to bring in a Chairman with some experience of running a big club, and put Derek Llambias out to pasture.
We may then look a decently run club, wouldn’t that be a change for the better?