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Moat Deal Imminent – We’ll Believe It When It Happens

The Daily Telegraph is reporting the takeover of Newcastle United could be completed in the coming days.

Now how many times have we heard that in the last 14 weeks?

barry moat 23

Barry Moat – is he now ready to do deal?

With the American consortium presumably pulling out last week, Barry Moat seems the only game in Toon to buy Newcastle.

The Telegraph is saying that talks between the Moat consortium and Ashley have now reached the advanced stages, and a deal could be struck imminently.

Ashley has extended his deadline by four weeks to allow Barry to put the deal together that meets the £100M asking price. That was announced Monday 24th August, so the 4 weeks ends on 21st September.

So we suppose Moat has 2 weeks to close a deal, and if he cannot, then what?    We have no idea, but maybe we just go on winning our games.

As we know, for the last several weeks Moat has been in talks with Barclays about reducing the club’s overdraft.

Newcastle were working with a £39M overdraft limit, which apparently expired last Monday, August 31.

Previous reports say the bank wanted the new overdraft limit to be only £10M, which is consistent with other Championship clubs.

The current balance is £20M and we suppose what the Telegraph is reporting is that outstanding amount is now £10M, and that is within the new maximum overdraft amount of £10M.

So before we go any further none of the above is particularly new news, other than the  £39M facility expired last Monday and Newcastle have managed to reduce their outstanding balance to be  £10M, which is the maximum overdraft amount Barclays will offer Newcastle, and any other Championship club for that matter.

So if this is all true, we have an overdraft, but  we can draw nothing on it, because it’s maxed out.

In retrospect we’re not sure how much is new here, other than the Telegraph getting some inside information that the deal can be closed, and closed quickly.

But we’ve had so much of this stuff over the summer, that it’s hard to take any of these stories with too much seriousness.

However, if the above is true and Moat can put together his own part of  the  £100M amount, which we understand is  £20M – and he was having difficulty doing this – presumably he can meet Ashley’s price, and a deal will be struck.

And if Moat was short of investment to get to the £100M asking price, it could be that Mike Ashley will become part of the Moat Consortium and maybe invest say £20M.

That’s like Mike carrying Barry over the finishing line, and he would then own 20% of the club, but Moat would be the owner, and run day to day operations.

It could be announced soon, but hey – after over 3 months of this nonsense – we’ll only believe it when it happens. And remember tomorrow is Sunday. 😀

And we’re not even sure a sale at this point is necessarily good – with the team doing so very well and standing top of the league.

Barry will announce Shearer as the new manager, so we have to hope that this will not impact how the lads are playing, or the great results Chris has been getting.

The disaster scenario is that Moat takes over, Shearer comes in as manager to great fanfare – again.

He then sacks Joey Barton, and makes changes in training and the like – and the result is that we lose the great form and results we have started the season with under Chris Hughton and Colin Calderwood.

In other words on the player side of things we fix something which is not currently broken.

We need continuity big time, especially when we are winning, and that means keeping the current coaching staff and integrating them nicely into Alan’s overall coaching team, and not making any major changes at all – at least not on the playing side of things.

Comments welcome.

60 comments so far

  • JinkyGenius

    Sep 5, 2009 at 10:17 PM

    Comment #1

    I’ve got a bad feeling about this guy, and fires and frying pans seem to figure large in my concerns. Just when the stalemate was proving so productive as well….

    Ah well, all good things come to an end all too quickly at St James’.

  • Dragonera

    Sep 5, 2009 at 10:22 PM

    Comment #2


    Same, mate. I don’t really want him to buy the club. Better the devil you know, me thinks.

  • JinkyGenius

    Sep 5, 2009 at 10:23 PM

    Comment #3

    ‘Moat and his consortium are also thought to be keen on offering Mike Ashley a stake in the club, and to allow Derek Llambias to remain in his current role.’

    Not my words…. check out Vital Football:


  • Dragonera

    Sep 5, 2009 at 10:26 PM

    Comment #4

    Getting Moat to be the face of the club would be a smart move by MA. He would deflect criticism from himself and appoint a figure that the Geordie public can relate and warm to. To be honest, i like the direction the club is going in right now. I feel we are slowly moving forward again.

  • Toonmania

    Sep 5, 2009 at 10:30 PM

    Comment #5

    a stake for ashley i can just about digest as long as it’s not a majority stake, but to keep Llambias on i think is suicide he’s useless in his current role i’m sure they could find another job for him like toilet attendant or something more his level of capibility

  • Ed Harrison

    Sep 5, 2009 at 10:30 PM

    Comment #6

    Dragonera – same here.

  • Oba

    Sep 5, 2009 at 10:32 PM

    Comment #7

    Anyone else not really care anymore, and just concern about how the team are doing?

  • Dragonera

    Sep 5, 2009 at 10:32 PM

    Comment #8

    Ed Harrison

    Glad you agree, mate.

  • NICK C

    Sep 5, 2009 at 10:38 PM

    Comment #9

    yeah, i don’t think some sort of ashley / moat axis would come as too much of a shock.

    what will change? better financial state? shearer replacing hughton? not sure that wud be a good move atm…

  • Stuart79

    Sep 5, 2009 at 10:47 PM

    Comment #10

    Moat in – Ashley and Llambias out.

    Simple really!

  • Dragonera

    Sep 5, 2009 at 10:52 PM

    Comment #11

    Anyone watching the Peru match? It has been fantastic for the last 10 or so minutes. Vargas and Palacios are having the games of their lives.

  • MarinerUK

    Sep 5, 2009 at 10:53 PM

    Comment #12

    This is the usual Sunday newspaper talk

  • JinkyGenius

    Sep 5, 2009 at 11:00 PM

    Comment #13

    This would be the worst possible outcome. Ashley has been a disaster, but the sheer scale of his ineptness has forced the club to take stock of just how precarious its financial position has been for years. Retaining Ashley (the root of the problem) in any way as part of a ‘NEW’ (sic) regime is a nonsense, it merely a corporate carve up conveniently cobbled together because Moat can’t afford the club. A bit like buying a new house but letting the old owners live upstairs because, well, you can’t really afford it can you, Barry?

    Where is the control now, where is the direction? At least with Ashley we know he wants to sell and he runs things accordingly, but who has the financial veto from now on? Of course MA wants ALL his money back, and this is a great way to make sure he will achieve it. But I suspect this half baked solution will simply result in a hard won sense of camaraderie vanishing, Shearer will probably disunite a united dressing room and no doubt results will suffer – he is no leader.

    As a Geordie, I can neither relate or warm to Moat, as Dragonera suggests I should, I don’t need to be patronised on that account. Northern businessmen in the boardroom have done little but treat the fans with contempt for decades, with the trophy room having little to show for it. I value ability, experience, intelligence and integrity in the dugout and in the director’s box; a person’s birthplace matters not a jot.

    We have a potential promotion set up with Chris and Colin in charge, but not if they have to answer to a boss who has a fraction of their coaching and managerial experience. And why is the job his anyway? Is it because he’s a Geordie, man; a mate of Moat? Is it because we Geordies’ love to see Northern nepotism in action; because (if we are brutally honest) there nothing else on Shearer’s managerial CV to commend him at the moment, is there?

    Here we go again into the parochial abyss just as we were crawling out and sniffing the air of another planet….

  • batty

    Sep 5, 2009 at 11:05 PM

    Comment #14

    jinky >>>he is no leader. <<< so he didnt captain england and the toon then

  • spiderpig

    Sep 5, 2009 at 11:05 PM

    Comment #15

    i wonder how long it will take for the fans to start having a go at moat when they realise he hasnt got the money to buy anyone.i will give it til next transfer window.its blatantly obvious the guy is financially punching above his weight .also,shearer was my idol on the pitch,but i fear he will be another roy keane.

  • Stuart79

    Sep 5, 2009 at 11:07 PM

    Comment #16

    spiderpig // Sep 5, 2009 at 11:05 PM

    i wonder how long it will take for the fans to start having a go at moat when they realise he hasnt got the money to buy anyone.i will give it til next transfer window.its blatantly obvious the guy is financially punching above his weight .also,shearer was my idol on the pitch,but i fear he will be another roy keane.

    Do you know for a fact he hasn’t got the money?

    He has proved to Seymour Pierce he has the money.

  • Chitty Chitty Baheng Baheng

    Sep 5, 2009 at 11:08 PM

    Comment #17

    Moat’s got the same ideas as Ashley in investing in the future of the club by ensuring a good academy given his donations over the years so in that sense there will be a good deal of continuity.

    At the same time though having him and Ashley on board together (they seem to get on well enough) could remove the whole “I’m the only one who’s right” mentality Ashley appears to have whilst keeping money behind the club.

  • batty

    Sep 5, 2009 at 11:09 PM

    Comment #18

    stu i beleive u aboot moat mate

  • batty

    Sep 5, 2009 at 11:11 PM

    Comment #20

    and just as sure some people a sure aboot sir alan shearer failing iam sure he will succeed

  • Stuart79

    Sep 5, 2009 at 11:11 PM

    Comment #21


    He has to have the money. He wouldn’t have got this far down the line without it.

    Haggling over the price now that’s all.

  • stuart no9

    Sep 5, 2009 at 11:13 PM

    Comment #22

    its a tricky one isint it? moat or ashley?its close but for me , moat just edges it,ONLYbecause hes local, and might have a bit more thought for the fans.what we musnt forget is our owner,has no time for the club,for the north east ,or for the fans,.If i was C.H i would start to get a bit worried now,off to a good start in the league, a chance of promotion,team playing well, but the one thing that will annoy M.A more than anything is that C.H is starting to get the fans on his side ( that wernt in the script) is it just a matter of time before he sticks the knife in again and brings back that slob J.k . any one agree? or is it just me being paranoid and talking b….ks?

  • Dragonera

    Sep 5, 2009 at 11:14 PM

    Comment #23


    You raise some good points. I didn’t mean to patronise you with the comments regarding Toon fans warming to Moat because of his roots. However, I have read on here and in other articles may times the “Moat is one of us” style comments, which lead me to believe the majority want someone from that area of England to tun the Toon.

  • Dragonera

    Sep 5, 2009 at 11:16 PM

    Comment #24


    That is Sunday rubbish, mate. Don’t read too much into it. Well, that is if you are a genuine blogger and not just some silly journalist c**t sent on here to try and direct traffic towards the online version of your p**s poor paper… 😀

  • signedforafree

    Sep 5, 2009 at 11:20 PM

    Comment #25

    Would be nice if its true just to get that dumb a*se out of our club !!!

    still wouldn’t hold my breath.

    Have you guys seen houghtons win percentage at NUFC its 83.8 % maybe if its what the player want he should be giving a run as manager till end of the season !

  • spiderpig

    Sep 5, 2009 at 11:31 PM

    Comment #26

    stuart 79-
    he has proved he has 100 mill.so what? if the sale of the club has been dragging on over 10 or 20 mill.it says to me he hasnt got much cash left to invest.and lets be honest thats all most people care about.if ashley had splashed out 100 mill on 5 good players and paid shearer a kings ransom to manage.[which he would have demanded].ashley would be all forgiven.its all about how much money youve got.

  • gloryhunter

    Sep 5, 2009 at 11:49 PM

    Comment #27

    no ban!

  • Hiya Watha

    Sep 5, 2009 at 11:59 PM

    Comment #28

    As Pa – ee – Aska say “Size matter”

  • Rangerman

    Sep 6, 2009 at 12:16 AM

    Comment #29

    jinky >>>he is no leader. <<< so he didnt captain england and the toon then


    Michael Owen has captained England and the toon in the past too tbf batty.

  • Rangerman

    Sep 6, 2009 at 12:27 AM

    Comment #30

    I think it’s a fair concern that Moat won’t have much money to invest in the club, if he did have money he would own the club already but it’s been well publicised that he was in talks with Barclays to keep hold of the overdraft facility for the season, if anyone can give a reasonable excuse as to why he needs it so high while we are in the championship if he can afford to pay it back I’d like to hear it.

    I also remember Keith Harris’ interview on 5live where he said that Martins was sold because interested parties were worried about the wage bill, they were also happy for him to go to put more cash into the club.

  • AndyNUFC

    Sep 6, 2009 at 12:43 AM

    Comment #31

    Some kid who is a nothing admits not playing to force a move away, and they top if off with saying we want a Sunderland reject. I think that article shows the absolutel worst of the situation right now.

    NUFC should buy 52,000 shotguns to allow fans to blow their brains out with how pathetic and depressing this situation is now.

  • pondering

    Sep 6, 2009 at 12:55 AM

    Comment #32

    well i want moaty just for DAMN HELLLLL OF ITTTT !!!! come with me my way is the truth…

    ….dogonhere ..can i meet you at the next home game for a drink…you can pay coz i’m just a raggy arsed northerner..i see said the blind man…and he couldn’t see atal..haha hmmm..

  • pondering

    Sep 6, 2009 at 1:05 AM

    Comment #33

    and it dont help drinking brown ale and watching the X factor….mrs cole did you get my letters of loveness..xx

  • pondering

    Sep 6, 2009 at 1:15 AM

    Comment #34


  • PapaToon

    Sep 6, 2009 at 2:55 AM

    Comment #35

    Ppl might get offended but i rather have ashley than moat. why would we want an owner who cant meet $100m and an overdraft. If Moat becomes owner how is he gonna get signing in with funds maxed out. Ashley might have got us relegated but with Moat id be worried about going into administration. I rather have a club with a tosser of a owner rather than no club.

  • davis_toons

    Sep 6, 2009 at 5:01 AM

    Comment #36

    mike make lots of mistake by listening to too many wrong people

    And he did spend quite afew lot.

  • Widowmaker

    Sep 6, 2009 at 8:16 AM

    Comment #37

    It seems a few good results in CHampionship and the debuts of a few younger players’ have made some ppl feeling we are “moving in the right direction again”.


    Young players were played because we need to due to our paper thin squad and looked at what we have done in the transfer window.

  • Bigbadbob

    Sep 6, 2009 at 8:57 AM

    Comment #38

    What a negative skeptical bunch on here, we finally have some light at the end of the dark tunnel of the Ashley era and you dont want true fans as manager and owner?
    Moat hasnt got the cash and Shearer may disrupt the team you say, how do you work that one out?
    What evidence is there to say that they wont come in and give everyone a massive boost?
    The same ones come on here saying, poor Mike, its not all his fault, its the fans, or Sheps, relegation is ok, the squad is fine, dont need money, blah blah blah, gents you are around the bend, wake up and smell the coffee.
    Ashley has brought this club to its knees and some of you have weakly gone along with it, i will take Moat and Shearer any day, at least they wont shaft the fans on a daily basis.

  • Stuart79

    Sep 6, 2009 at 9:30 AM

    Comment #39


    Moats backers are business men, not charity workers!

    They don’t believe the club is worth £100m, so won’t pay a £100m. Makes perfect sense to me.

    Also would you buy a business that’s losing vasts somes of money due to ridiculously high wages earners?

    First thing anybody does is reduce the wage bill if the business is struggling.

    These guys would rather buy their own players, not pay the huge wages for players who still haven’t been paid for.

    Has for the overdraft – Why wouldn’t you want to keep that? Every business in the world has one.

    We don’t actually know what he was talking to Barclays about regarding the overdraft so we shall wait and see.

    Finally Moat has the money, he has the backers but they will NOT pay over the odds based on potential. Potentially the club is worth £500m but it doesn’t mean he should buy at that price!

  • batty

    Sep 6, 2009 at 9:41 AM

    Comment #40

    Rangerman // Sep 6, 2009 at 12:16 AM

    jinky >>>he is no leader. <<< so he didnt captain england and the toon then


    Michael Owen has captained England and the toon in the past too tbf batty<<<<< aye he did but shearer was the captain of both untill he retired


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