Barry Moat's Newcastle United takeover plans in doubt
Tyneside businessman Barry Moat's £80 million Newcastle takeover plans were left on a knife-edge on Tuesday night.
By Rob Stewart
Published: 9:20PM GMT 27 Oct 2009
Moat has been left exasperated by an inability to maintain dialogue with the sports retail tycoon since has he met owner Mike Ashley's revised asking price for the Championship club.
Moat, a close ally of former Newcastle captain Alan Shearer, has effectively been frozen out of talks by Ashley who flew into Tyneside by helicopter on Tuesday afternoon for a brief visit.
While Moat remains hopeful that he can strike a deal, he is bound to be concerned that the unpredictable Ashley will take the club off the market three months after it was put up for sale following relegation.
Ashley dropped his asking price from £100 million earlier this month and challenged Moat to meet the new amount but then offered caretaker manager Chris Hughton the job on a permanent basis - the first sign that he was ready to keep the club.
No one at the club was available for comment