Guest Posted July 4, 2008 Share Posted July 4, 2008 http://www.thesun.co.uk/sol/homepage/sport/football/article1379422.ece MIKE ASHLEY is willing to sell Newcastle for £420million. The Toon supremo named his price last month when a New York finance company made an approach to buy the club. Ashley told private equity investors InterMedia Partners — based in the swanky Chrysler Building — he wanted £420m to seal the deal. The Americans’ interest was so serious, owner Ashley permitted them to see all of Newcastle’s financial documents, accounts and records. And both sides were forced to sign gagging orders, banning them from ever disclosing details of the talks. An insider confirmed: “The Americans specialise in investing in sport and wanted to break into the soccer market in Europe. They thought Newcastle would be the ideal starting place for them.” Speculation has been rife in City markets for the past six months that mega-bucks Ashley has been on the lookout for a buyer — if the price was right. The Yanks were hoping Ashley would sell at around £320m — and were shocked when the Toon owner wanted £100m more. Our insider added: “As soon as Ashley asked for £420m the deal was dead. “The Americans were interested but didn’t think they could justify that level of investment.” Billionaire Ashley bought Newcastle from Freddy Shepherd last year for £137m and took on around £80m of debts. But the fact he has now put a price on the club will only create more uncertainty for boss Kevin Keegan. He is still rebuilding his relationship with Ashley after an outburst at the end of last term resulted in the manager being hauled down to London for showdown talks. Seriously, why do they bother? Link to post Share on other sites More sharing options...
Guest ObaStar Posted July 4, 2008 Share Posted July 4, 2008 http://www.thesun.co.uk/sol/homepage/sport/football/article1379422.ece MIKE ASHLEY is willing to sell Newcastle for £420million. The Toon supremo named his price last month when a New York finance company made an approach to buy the club. Ashley told private equity investors InterMedia Partners — based in the swanky Chrysler Building — he wanted £420m to seal the deal. The Americans’ interest was so serious, owner Ashley permitted them to see all of Newcastle’s financial documents, accounts and records. And both sides were forced to sign gagging orders, banning them from ever disclosing details of the talks. An insider confirmed: “The Americans specialise in investing in sport and wanted to break into the soccer market in Europe. They thought Newcastle would be the ideal starting place for them.” Speculation has been rife in City markets for the past six months that mega-bucks Ashley has been on the lookout for a buyer — if the price was right. The Yanks were hoping Ashley would sell at around £320m — and were shocked when the Toon owner wanted £100m more. Our insider added: “As soon as Ashley asked for £420m the deal was dead. “The Americans were interested but didn’t think they could justify that level of investment.” Billionaire Ashley bought Newcastle from Freddy Shepherd last year for £137m and took on around £80m of debts. But the fact he has now put a price on the club will only create more uncertainty for boss Kevin Keegan. He is still rebuilding his relationship with Ashley after an outburst at the end of last term resulted in the manager being hauled down to London for showdown talks. false Link to post Share on other sites More sharing options...
biggs Posted July 4, 2008 Share Posted July 4, 2008 FFS Sun reporters should be shot at birth ,bog roll for the non believers . Link to post Share on other sites More sharing options...
mrmojorisin75 Posted July 4, 2008 Share Posted July 4, 2008 is it news? it'd be a 200m (ish) profit in a year, wouldn't surprise me if he would sell at that price big difference between that and touting the club about like a door to door salesman Link to post Share on other sites More sharing options...
thomas Posted July 4, 2008 Share Posted July 4, 2008 An insider confirmed: “The Americans specialise in investing in sport " There's not a lot of information on Intermedia out there, but it looks more like they specialize in media -- they've bought tons of cable channels and print magazines. Doesn't look like there's any interest at all in them owning franchises of any particular sport or much in the way of investing in England. Link to post Share on other sites More sharing options...
B-more Mag Posted July 4, 2008 Share Posted July 4, 2008 Damn swanky Americans investing in leisure, as we are so wont to do. Link to post Share on other sites More sharing options...
ShearMagic Posted July 4, 2008 Share Posted July 4, 2008 I love it how the title is Ashley: I'll sell toon for 420m, yet there's not one direct quote Link to post Share on other sites More sharing options...
Mr Logic Posted July 4, 2008 Share Posted July 4, 2008 both sides were forced to sign gagging orders, banning them from ever disclosing details of the talks. Wonder who the third party was that forced them? And I wonder which side couldn't wait to break it? Link to post Share on other sites More sharing options...
johnnypd Posted July 4, 2008 Share Posted July 4, 2008 i'm sure he would sell the club for £420m, but isn't that a bit like when roy keane said he'd sell Kenwyne Jones for £40m? ie he's not for sale, unless you are prepared to offer totally ridiculous money. Link to post Share on other sites More sharing options...
Scribble Posted July 4, 2008 Share Posted July 4, 2008 That's what I thought too. Link to post Share on other sites More sharing options...
Filflop1 Posted July 4, 2008 Share Posted July 4, 2008 "THE INSIDER" gets himself about doesnt he, He is wasted working for the papers should go and hunt out Bin Laden or something Link to post Share on other sites More sharing options...
NG32 Posted July 4, 2008 Share Posted July 4, 2008 Seen this this morning on sky sports news while i was getting sorted for work, I had a little laugh at it. Link to post Share on other sites More sharing options...
Robster Posted July 4, 2008 Share Posted July 4, 2008 Quality of journalism in this country must be he lowest that its ever been. Would I be right in thinking that this story has appeared just days before the players return for pre-season training. Call me cynical but would they be starting as early as possible this season to unsettle the club and its staff ?? Link to post Share on other sites More sharing options...
Magpie Posted July 4, 2008 Share Posted July 4, 2008 Totally unbelievable the drivel these cunts have to come up with!!!! Why they do they seem to have an absolutely huge chip on their shoulders when it comes to us?!?!?! Link to post Share on other sites More sharing options...
NG32 Posted July 4, 2008 Share Posted July 4, 2008 It sells papers. Newcastle fans need to learn that newpapers make up stories about NUFC to flog papers. The dafter the story the better. Link to post Share on other sites More sharing options...
mattypnufc Posted July 4, 2008 Share Posted July 4, 2008 Ahh It's been a while since we've had one of these isnt it? Link to post Share on other sites More sharing options...
Wullie Posted July 4, 2008 Share Posted July 4, 2008 Does anyone want to buy my nissan micra? I can't wait to get shot of it, i'll take 35 grand just to get it off my hands. Anyone? Link to post Share on other sites More sharing options...
PRL Posted July 4, 2008 Share Posted July 4, 2008 Does anyone want to buy my nissan micra? I can't wait to get shot of it, i'll take 35 grand just to get it off my hands. Anyone? Think that's the first time i've laughed out loud at work at a message board post... Link to post Share on other sites More sharing options...
Guest icemanblue Posted July 4, 2008 Share Posted July 4, 2008 Does anyone want to buy my nissan micra? I can't wait to get shot of it, i'll take 35 grand just to get it off my hands. Anyone? I'd take you up on that but my executive director (cars) has said i'm getting a Corsa. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted July 4, 2008 Share Posted July 4, 2008 Unlike the sun to run a Toon story without mentioning that Oba is going to Arsenal Link to post Share on other sites More sharing options...
Guest johnson293 Posted July 4, 2008 Share Posted July 4, 2008 i'm sure he would sell the club for £420m, but isn't that a bit like when roy keane said he'd sell Kenwyne Jones for £40m? ie he's not for sale, unless you are prepared to offer totally ridiculous money. ^ This, tbh. Link to post Share on other sites More sharing options...
9 Posted July 4, 2008 Share Posted July 4, 2008 Iam impressed how many different variations of storeys they can come up with from Ashley to sell the club,Martins to Arsenal, Keegan unhappy with wise. Link to post Share on other sites More sharing options...
Dave Posted July 4, 2008 Share Posted July 4, 2008 How the fuck is this news? Ashley: I'll sell Toon for £1bn. No shit, Sherlock. Link to post Share on other sites More sharing options...
B-more Mag Posted July 4, 2008 Share Posted July 4, 2008 Does anyone want to buy my nissan micra? I can't wait to get shot of it, i'll take 35 grand just to get it off my hands. Anyone? I specialise in investing in Nissan Micras and want to break into the Nissan Micra market in Europe. I thought your Nissan Micra would be the ideal starting place for me. I was hoping you would sell at around £25k and was shocked when you wanted £10k more. As soon as you asked for £35k the deal was dead. I was interested, but didn’t think I could justify that level of investment. Link to post Share on other sites More sharing options...
Dave Posted July 4, 2008 Share Posted July 4, 2008 Does anyone want to buy my nissan micra? I can't wait to get shot of it, i'll take 35 grand just to get it off my hands. Anyone? I specialise in investing in Nissan Micras and want to break into the Nissan Micra market in Europe. I thought your Nissan Micra would be the ideal starting place for me. I was hoping you would sell at around £25k and was shocked when you wanted £10k more. As soon as you asked for £35k the deal was dead. I was interested, but didn’t think I could justify that level of investment. mackems.gif Link to post Share on other sites More sharing options...
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