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.
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.