Moat Inconsolable After Failure To Buy Newcastle – So Are We!

The very last thing we want to hear from Barry Moat is that he didn’t have enough time to buy Newcastle.

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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. 😀

9 comments so far

  • sirjasontoon

    Oct 29, 2009 at 10:18 AM

    Comment #1

    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.

    I lost my delusion 3 months into Mike’s reign….the guy is a cheap barrow boy….the team he as assembled resembles Primark floor on a saturday afternoon…covered in cheap second rate garbage.

  • magpie6699

    Oct 29, 2009 at 10:27 AM

    Comment #2

    Sorry – I will still blame Ashley. £70 million up front for this club at this time of recession, with another £40 million later seems more than adequate – remember Premier League sides such as Birmingham City only went for £80 million.
    I can’t believe he was that desperate to sell up as he made out. Oops – I’ve called him a liar! Never!

  • stevep

    Oct 29, 2009 at 10:33 AM

    Comment #3

    toon worth 200 million in 7 months time, not sure where those figures are coming from, you could buy any one of brum, west ham, portsmouth, everton, bolton, blackburn or fulham for around or under 100 million (west ham are available for 40 million!!! + debt ) and almost any team in the championship for under 40 million tops, you could ten spend 20 million on players and likely reach the prem league.

    If we do get promoted we’ll need to spend 30 million on players to stay up and challenge for mid table

  • Filthy Malcolm

    Oct 29, 2009 at 10:54 AM

    Comment #4

    “Newcastle will be worth at least £200M if we are a Premier League side and the financials are put in order by next May.”

    No it wont, for a club to be worth that it would need several top players to be in the squad. We have none.

  • Macas35

    Oct 29, 2009 at 10:59 AM

    Comment #5

    Would still be nice to know what happened to the two 100M bids we had….

  • UTD111

    Oct 29, 2009 at 10:59 AM

    Comment #6
  • MacToon

    Oct 29, 2009 at 11:19 AM

    Comment #7

    I hear Celtic are under a £40 million takeover…. a Champions league team not CCC. I think even in the EPL £100 million is still alot for us but we do have a good fan base.

    Moat had more than enough time if he’d had more than enough money but obviously took too long counting the pennies from his piggy bank to make up the short-fall.

  • UTD111

    Oct 29, 2009 at 1:04 PM

    Comment #8

    Moaty upset?

    Awwww diddums…..

  • chuck

    Oct 29, 2009 at 3:51 PM

    Comment #9

    I for one am glad Moat missed out, just another hustler looking for a deal.
    Had he bought the club, how was he going to run it , on fresh air ?
    Could`nt come up with the dosh, like the rest of the shysters “all hat and no cattle” as they say in Texas.
    And where are you getting these figures from Ed. off the top of your head, 200 m. puhlees!
    Tell me what makes a team (providing we gain promotion) that was sold for 135m. in a good economy become worth either 160m or 200m. in the middle of a deep recession ?


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