Newcastle Break Off Talks With American Consortium

Newcastle have broken off talks with an American-based consortium the Star Group, fronted by Lancashire businessman Geoff Sheard.

mike ashley  -943346955

Mike Ashley – will stay on Tyneside – oh no!

That news is being reported today by the local Sunday Sun, and that leaves just Barry Moat and another American group,  as the remaining parties still wanting to buy Newcastle at a cut price £80M.

But it looks almost odds on that Ashley will take the club off the market and appoint Chris Hughton as permanent manager until the end of the season.

Chris’ new wages are nothing to write home about,  being just around £260K/year when some of our players are earning £60K/week (Smith, Butt, Barton …) – or £3M a year.

Chris’ new wage is  about £5K/week for Hughton which if true, is one of the lowest wages for any manager in the top two leagues in England.

Ashley and Moat held informal talks at St James’ Park yesterday, but we doubt anything will come of it, and look for Ashley to say he is staying at the club, and that has to be terrible news for Newcastle fans.

The news is that Moat offered Ashley less than £40M up front, with the remaining money in guaranteed instalments, but that was last week, and we would expect he has improved on that, but whatever he has come up – it doesn’t seem like it will be successful.

Hughton will agree to a one year deal, with the option of another 12 months. His new wage is about double the £150K/year he was getting at Newcastle as a coach.

Colin Calderwood will also get a new deal at the club, as Chris’ assistant.

11 comments so far

  • Isaac Hunt

    Oct 25, 2009 at 11:00 AM

    Comment #1

    “informal talks”? hahahaha

  • sirjasontoon

    Oct 25, 2009 at 11:13 AM

    Comment #2

    There is no sale-Never has been…I told you this from day one.

    We need to up the pressure to get this fat oaf out.

  • Mikey25

    Oct 25, 2009 at 11:19 AM

    Comment #3

    We really have no idea what’s going on! I don’t think we will ever find out either! Just seems whoever is trying to buy the club are trying to get it on the cheap a.k.a doesn’t have enough money!! Or MA is being extra bloody greedy with payouts, clauses etc!

    Shame cos if the NUSC(T) put their 20mil in the pot it’d give Moat enough to buy MA out! But can’t see that happening plus we don’t know if that is going to be enough!

  • Graeme

    Oct 25, 2009 at 11:22 AM

    Comment #4

    Cut price retail millionare running cut price football club, with cut price manager and a bunch of “would-be” Premier League players.

    Doe this make us the “bargain basement” football club of all time?? Mike Ashley should hang is head in shame with what he has done to this football club – thats always asuming he has any shame, which I very much doubt.

    How did this irrefutable liar ever pass the “Fit & Proper person” criteria that the FA is supposed to impose on would be Club Owners?? Can it be removed, given the evidence which would indicate FCB is anything but “A fit & proper person”??

    Please Mr Ashley, go and find a life in a different part of the country; anywhere but here.

  • magpie6699

    Oct 25, 2009 at 11:24 AM

    Comment #5

    Mikey25 – yeah, on another blog I was just wondering where the NUST had gone. After a fanfare of publicity a couple of weeks ago, it all seems to have gone quiet? Thought they were going to be canvassing for more fans’ money to add to their guaranteed £20 million?

  • inselaffe

    Oct 25, 2009 at 12:10 PM

    Comment #6

    “informal talks” = several pints…..

  • Dennis Twice

    Oct 25, 2009 at 12:21 PM

    Comment #7

    Ashley out!

  • stuart no9

    Oct 25, 2009 at 12:32 PM

    Comment #8

    just like to say a big thankyou and well done to the boys who tried to get at our beloved owner at scunthorpe on tuesday ,although they didnt succeed ,its about time he realizes we hate him, alittle bit more of the same,and who knows, he might just take the hint and f…off well done

  • Sav

    Oct 25, 2009 at 1:00 PM

    Comment #9

    According to reports in the News of the World today … Dennis Wise, who left in April, is STILL on the club’s payroll and receiving a salary of £20,000 a week.

    News of the World: Ashley agreed to pay Wise’s salary in full until it runs out next March, meaning Wise, whose appointment led to Keegan’s departure, has picked up a staggering £560,000 since he left his post.

    Our source added: “He is picking up his contract as if he was still working at Newcastle.”

    Wise will continue to collect the rest of his £80,000-a-month salary until March.

    He is expected to return to football at Charlton soon.

    Well its only the NOTW, but given Wise’s role in the recent Tribunal speaking on ‘Mike’s’ behalf, would it be any surprise to discover that the little rat is still on the fat rat’s payroll?
    Another illustration of scum rising to the top.

  • Paul141726

    Oct 25, 2009 at 5:21 PM

    Comment #10

    It’s only my belief, but Sheard was out for himself in his dealings. Just a “red herring” as far as I’m concerned. Moat’s bid-too small! Any bid NOT putting 100 million on the table is dead in the water to fat MA. He will be here ruining the club for the rest of this season–count on it.
    As far as yesterday’s game; good comeback with a make-shift back line, but this team (talent-wise) should be kicking teams like Donny all over the park.

  • premier

    Oct 26, 2009 at 11:07 AM

    Comment #11

    cut price manager= cut price performances as shown by games against the mighty Scunthorpe and Doncaster


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