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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?

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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

  • Nick D

    Sep 6, 2009 at 9:43 AM

    Comment #41

    I know it is heresy but I have to agree with Jinky Genius. I think as a manager (again) A.S would be the wrong choice at this point in time.

    At his peak Shearer was probably one of the best strikers this country has ever produced, but he was allowed to be the one thing that should never happen at any club, ie to become bigger than the club. Shepherd was in his pocket and NUFC was basically run for his benefit with AS calling all the shots. Now history threatens to repeat itself.

    I am not a Barton fan and I always thought it would be great if AS came back and booted him out. Now I think AS could be the disruptive element in what is becoming an excellent team spirit. I don’t see AS as a motivator at all. KK certainly but not Shearer. As everyone keeps saying if it ain’t broke don’t fix it.

    Some people are just blindly black and white and will never see or accept the bigger picture, even if it’s smacking them in the face. I guess this is what we are up against and has always been our downfall.

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  • batty

    Sep 6, 2009 at 9:44 AM

    Comment #42

    ashley is a fat useless tw@t and hes gotta go hes fcked our club up so get y heeds oot of the sand you muppets

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  • batty

    Sep 6, 2009 at 9:45 AM

    Comment #43

    Nick D but for jinky to say hes not a leader is tottal b@llocks m8

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  • Nick D

    Sep 6, 2009 at 9:47 AM

    Comment #44

    Bigbadbob
    I don’t think Hughton would shaft anyone and he doesn’t want a contract for 5 years worth 3M a year !! AS could not get one point from 2 matches. If he couldn’t motivate his mates (Owen, Duff, Butt , Harper etc) then, then when exactly?

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  • batty

    Sep 6, 2009 at 9:49 AM

    Comment #45

    Bigbadbob // spot on

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  • batty

    Sep 6, 2009 at 9:51 AM

    Comment #46

    stuart its no use knocking m8 if theres no 1 in

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  • Nick D

    Sep 6, 2009 at 9:52 AM

    Comment #47

    Widowmaker
    we would never get to see the likes of Ranger and Krul with your attitude. These guys would never have got a look in if we had persevered with all the aging, over paid sick note dross that got us relegated in the first place. We never give our kids a go at NUFC and I for one are delighted it’s finally happening. Some people in this country, be it football or cricket are scared sick of playing anyone under 23.

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  • batty

    Sep 6, 2009 at 9:53 AM

    Comment #48

    nick d its because of shearer nile ranger even made the bench las season jokekiner and hughton never gave him a chance

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  • Nick D

    Sep 6, 2009 at 10:53 AM

    Comment #49

    bats, I’m not saying AS couldn’t do the job, but now’s not the time to rock the boat just to suit one person.

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  • batty

    Sep 6, 2009 at 12:08 PM

    Comment #50

    ok nick

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  • Bigbadbob

    Sep 6, 2009 at 12:58 PM

    Comment #51

    NickD – Youve given up and are opting for the least challenging option like a lot on here, dont want to rock the boat, FFS, its sinking and you are on the deck drinking Martini and enjoying the fine weather without coming to terms there is a huge hole in the hull with wallpaper covering it.

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  • Widowmaker

    Sep 6, 2009 at 1:59 PM

    Comment #52

    NickD,

    I am not against playing the kids, not at all. It is a fact that they were played because our squad is paper thin, not because they are ready.

    Yes, they need games to develop but we can not rely on them. Look at how many senior players we have now, the kids will be under enomous stress to perform and this is no good for their development.

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  • simon376

    Sep 6, 2009 at 2:39 PM

    Comment #53

    I’m not for one second saying that Shearer should come in and take over now, but we cant compare what he did for 8 games last season to wha Haughton is doing now. We can’t compae Haughton now to last season either. It’s not the same league or the same standard of teams, we have to remember that. At the same time, pat Haughton on the back and say well done and keep it up for what he’s doing now.

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  • Nick D

    Sep 6, 2009 at 2:48 PM

    Comment #54

    Widowmaker

    Ranger put more effort in 87 mins than I saw Owen put in in 4 years! Krul saved us at WBA.
    I would say those 2 in particular were more than ready, with Vuksic and kadar not far behind.

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  • Nick D

    Sep 6, 2009 at 2:50 PM

    Comment #55

    bats

    Like so many fans I am fickle, can’t help it and a couple of losses I’ll probably want Hughton out !!!

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  • Nick D

    Sep 6, 2009 at 2:53 PM

    Comment #56

    Bigbadbob,

    The great hole we are in was created by putting people on stupid wages and making our debt just totally out of control. Administration was and still could be just tound the corner.
    No one likes Ashley – he is a fat odious pig with no regard for the fans ,just like sports direct shareholders, but whoever tried to put some control over our debt was always going to be unpopular and have to carry the can.

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  • dave 1961

    Sep 6, 2009 at 3:11 PM

    Comment #57

    the facts are we don’t know what part Shearer actually played in whats happening now. we do no the massive problems at the club when he arrived. but saying all this i think 100% of the credit goes to Chris Hughton, as a good coach he uses what ever methods work, if in fact he is using measures introduced by shearer, he is the one that is using them, of his own free will, he could easily have done what some of our players did last year, and get his pay for nothing or doing as little as possible, because in modern football failure can bring as much or greater wealth. and i will repeat, shearer is an obstacle to any manager. hes has to fail before we can move on. but i would say he would have to be given a contract that rewards success not failure. and a 12 month rolling contract we be the best way to do it, if you reach your target it is automatically renewed, if not negotiated for.
    and if he fails to deliver he does not get rewarded for it.

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  • stevep

    Sep 6, 2009 at 4:23 PM

    Comment #58

    I dunno – Moat and his consortium may not be as skint as people are saying, it’s pretty obvious that people just dont think toon are worth 100 million thier current state.
    I wouldnt be surprised if moats consortium have some transfer cash put by for the jan sales.
    As for shearer becoming manager, almost all the players have come out and said he’s the man for the job (although it’s noticeable that none have mentioned Dowie), if it happens Shearer should swallow some pride and keep barton in the side, he’s one of our few prem class players.
    He should also get John Carver in and keep Hughton.
    Whilst we should all be grateful to chris for the sterling job he isn’t a long term choice for me and it seem spretty obvious that the players are pulling together themselves

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  • Incognito

    Sep 6, 2009 at 4:26 PM

    Comment #59

    I agree Ed that Shearer coming in now would mix things up a bit – but the truth is, although we’re winning at the moment, we’re not doing it convincingly.

    Shearer had the team playing well towards the end of last season even though the players had no fire in their guts, so I feel pretty sure he’d get even more out of them now.

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  • lesh

    Sep 7, 2009 at 8:17 AM

    Comment #60

    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.

    Ed, agreed 110%!

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