The very last thing we want to hear from Barry Moat is that he didn’t have enough time to buy Newcastle.
Barry Moat – just didn’t have the money!
The reason he wasn’t successful in buying Newcastle was because he didn’t have enough money – time had nothing to do with it.
But we hear today that Barry Moat can’t believe he’s failed to buy Newcastle United at such a cut price – we would be too.
We can now reveal that this site looked at bidding for the club – just like Moat – but we came up just a little short of the £80M needed – about £80M short actually – and Barry was £10M short.
But we thought about it – and if we could have done it, we could have been around £120M richer in May if and when Newcastle get promoted.
Newcastle will be worth at least £200M if we are a Premier League side and the financials are put in order by next May.
Barry Moat has been trying to buy the club over what seems like years – Alan Shearer even joked about that recently – and we would also be inconsolable too, because any chance to buy a £200M club for £80M has gone – and probably for good.
The Daily Mail says Moat is saying Newcastle owner Mike Ashley finally called time on his selling period, finally, and Ashley was right in saying he had no bidder put the £80M in cash up that he wanted for the ridiculously cut-price deal.
The news is that Moat had come up with £70M in cash, with another £40M worth of funding to arrive later.
So as we said – nobody came up with the cut-price £80M, and Ashley must have realized that if he kept the club for another 7 months – put an investment in and then tried to run the club with some sort of expertise – he still needs to bring in somebody to replace the hopeless Derek LLambias – he would soon have a club worth more than twice the £80M.
After all £120M in 7 months is not too bad a return is it?
Barry had his chance and blew it – let’s not blame Ashley for this one – and there’s plenty more we can lay at Mike’s door after all.
We’re even hoping that Mike may turn over a new leaf and try to run the club properly – although yes we are probably becoming deluded.
Having th write about Newcastle every single day of the year has that effect on you. 😀