Moat’s £60M Up Front Offer Still Below Ashley’s Requirements

As we reported yesterday Barry Moat has offered the Mike Ashley £60M up-front and guarantees the balance of £20M would be paid next season.

mike ashley barry moat

Ashley and Moat – Moat’s bid slowly gets better

However, the deal Ashley has wanted is the full £80M up front and it seems that Ashley has rejected the offer.

Ashley’s decision to turn down the improved offer comes a week after he turned down a £40M up-front offer plus £40M later.

Apparently Ashley had told Moat last week that a 60-20 offer would be acceptable, or at least that’s what the Daily Telegraph is reporting – although we have to say £80M up-front was widely reported as what Mike wanted, after he reduced the price from £100M.

However,  it still appears Moat is determined to complete a deal, which would be a bargain,  and is understood to have solid funding plans now in place.

But why he cannot get the full £80M up front shows you just how stretched he must be.

Moat may now try to raise additional funds to finally persuade Ashley to move but he also wants to ensure he has transfer funds available to strengthen the squad.

We still find it likely that Ashley will keep the club, and we would expect an official announcement soon that Chris Hughton has been appointed as permanent manager.

If anybody has a spare £20M available (didn’t NUST – the Supporters Trust say they had pledges for £20M already?) – please contact Barry Moat who lives in Jesmond, Newcastle and fairly close to  former manager Freddy Shepherd.

16 comments so far

  • lesh

    Oct 27, 2009 at 9:36 AM

    Comment #1

    For heck’s sake, this is dragging and dragging and dragging to the point of boredom.

    If Moat’s thinking behind the 60-20 offer is that iy’ll leave a pot for transfer activity, then might there be the option of paying the £80m up front and relying on the sale of some of the flops to finace next season’s buys?

    At least that’d rid us of Ashley who’s really playing hard ball with potenial buyers.

    One must wonder what his reputation’s like in the City….. one can only speculate!

  • magpie6699

    Oct 27, 2009 at 9:42 AM

    Comment #2

    I have it on good authority from my source that today is the day (Tuesday October 27th) – and tomorrow will also be a day (Wednesday 28th).

    Can you guess I’m bored / exasperated / trying to keep blood pressure down?

  • lesh

    Oct 27, 2009 at 9:44 AM

    Comment #3

    What ever happened to Freddy Shepherd’s rumoured interest?

    I’d be happy for him to stump up to meet Moat’s shortfall and get Ashely onto his bike!

  • caltoon

    Oct 27, 2009 at 9:45 AM

    Comment #4

    Ashley has shown time and again that he’ll keep on shifting the goal posts. He’s going to do this again. The only way to get rid of him is to slay him. I’m serious.

  • lesh

    Oct 27, 2009 at 9:45 AM

    Comment #5

    Spot on magpie6699….. each of the day’s one of challenge and opportunity!

  • dave 1961

    Oct 27, 2009 at 9:51 AM

    Comment #6

    is not £60 million what Freddy got from Ashley for his stake.

  • UTD111

    Oct 27, 2009 at 9:52 AM

    Comment #7

    Another nothing story really…..they must have been panicking in the Telegraph offices “theres no real news today what shall we do??? I know!! lets regurgitate that Moat story for the 127th time…”


  • Kevin Nichol

    Oct 27, 2009 at 10:17 AM

    Comment #8

    How about the fans of newcastle use their money to take a hit out on ashley?????

    I really hope some of the daft lads get a hold of him soon! He is in line for a rude awakening.

    What goes around comes around….

    Dont worry lads; We will come again. If we stick together as fans and keep getting behind the team then hopefully we can achieve the unthinkable and get promoted back to the PL next season!

    Shef Utd is a huge game for us. If we can get Tayl’s and colo back then we should be in good shape. Ranger has to play for me. When he is out of the team we just lump it long; his hold up play brings the midfield into the game and allows them to support the front men; this is vital with no pace or out and out wingers in the team.

  • Ericles

    Oct 27, 2009 at 10:29 AM

    Comment #9

    Just another aspect of the cynical merry-go-round that Ashley thinks is good business. Apart from that I am finally getting my replacement kitten today. He is black and white and is being called Howay in honour of all NUFC fans. I am going to train him to hunt rats by showing him a picture of fat Ashley. Take Moat’s offer you tow rag Ashley and let us rebuild the team which is ours by right but yours by fiddle!

  • stevep

    Oct 27, 2009 at 10:54 AM

    Comment #10

    I’ve heard that the problem is not that Moat can’t raise the 80 million – but that investors believe that the actual value of the club at present is worth no more than 60 million and needs substantial investment in order to gain promotion and secure premiership football in the longer term. They’ve agreed to pay the extra 20 millin based on these terms, however
    Ashley wants the extra 20 million guaranteed regardless of promotion or not.

    Seems to me like Ashley is indecisive due to the fact that he feels we may get promotion without further investment and he’ll be able to get a better price at the end of the season if we do so – hence giving Hughton the job till the end of the year with an option to extend for a further year

    Bottom line is that the asking price is way beyond what rational investors believe the club is worth and that it is they that will be taking all the risk ( and there is no riskier business than football clubs)

  • lesh

    Oct 27, 2009 at 11:20 AM

    Comment #11

    stevep @10 and sad to say, I think you’ve hit the nail on the head when you say Ashely believes that promotions a strong possibility…. on the cheap!

    We’re all familiar with his record of bad decision making and I fear that this one’ll be another to add to his list of clangers.

    If he had any sense, he’d take what’s on offer and thank his lucky stars he’s done so well from the dog’s breakfast he’s made of the club.

  • Sav

    Oct 27, 2009 at 12:23 PM

    Comment #12

    IF the NUSC 20 mil pledge is kosher and can be sorted quickly, I would be dismayed that Moat would seem uninterested in accepting it – not only to clinch the deal but to put himself in a great position with the fans who would feel encouraged that he was in for the long haul and wanted to make a significant gesture that things would be don e differently under his regime.

    What a PR opportunity to tap the tide of goodwill that exists for a new owner and a fresh start! It would even smooth over Ashley’s departure on reasonable terms that he would accept a deal in which the fans were heavily involved.
    The fact there’s been no noises from any party is worrying, unless the NUSC proposal is hot air.
    If not, then it implies Moat could be just another businessman looking to get in and get out after filling his boots. Surely we have had enough of those. When Moat takes his box at the ground, I wonder is he watching the football or just enviously counting the seats and wishing he could have such unflagging customers?

    Will we ever be delivered from greedy scheisters?

  • p doff

    Oct 27, 2009 at 12:29 PM

    Comment #13

    Talking of dogs, the scrap man must be pampering his , new frock, hand bag, perhaps a pair of knickers.
    The Cashley will prolong this until he gets the asking price. Promotion (agree on the cheap) will only confirm he is right to demand the 80million. This will only change if the club has gone into administration. The latter is most unlikely given the gate numbers so be prepared for a long winter and a cool spring.

  • Raffo

    Oct 27, 2009 at 12:38 PM

    Comment #14

    I read that the NUST are meeting again on Thursday, is anyone going? Surely the point of the 20 million has to be raised, and does it seem to convienient that the shortfall is the same amount rumoured to have been raised/pledged?

    Does anyone have the email address of the NUST or the .com boys?

  • premier

    Oct 27, 2009 at 2:09 PM

    Comment #15

    Seems Toon can only attract Arthur Daley types these days!!

  • toonsy

    Oct 27, 2009 at 4:33 PM

    Comment #16

    GOOD NEWS – Ashley has lost his shares in 2 of his other businesses. They went to the adminstrators when Iceland (the country) went bust as that was where there banking facilities were. Since that, Ashley has had to fight for compensation over his lost stakes and appeal to the admistrators. As a result, Blacks outdoor stores and JD sports fashion, have now lost him £56.7 million!

    Go on fatty, recoup it by selling the toon!


You must log in to post a comment.