Cronky Posted May 31, 2009 Share Posted May 31, 2009 It just seems that Shearer and Ashley were unable to come to an agreement, and that was Ashley's last hope for taking things forward. The idea of then turning to another manager and dealing with the furore that would result was too much to contemplate. The new man would always be Ashley's stooge in the eyes of fans, and particularly when the first team might continue to struggle, the atmosphere would deteriorate. It's a similar set of circumstances that made him decide to bail out before when Keegan went. I just hope that this time it is a quick sale. I'm not sure how attractive a proposition we are, because the club must look ungovernable at the moment. Link to post Share on other sites More sharing options...
Guest toonlass Posted May 31, 2009 Share Posted May 31, 2009 How long can due diligence take? If its really done and not just f***ed up like when Ashley didn't bother to do it last time. Cos any delays now and we are f***ed for next season. someone has to be interested first Obviously Sherlock Anyone with the real answer please? Link to post Share on other sites More sharing options...
Nepharite Posted May 31, 2009 Share Posted May 31, 2009 Pity those Arabs just bought Pompey. Link to post Share on other sites More sharing options...
morpeth mag Posted May 31, 2009 Share Posted May 31, 2009 Terrible news. Agree with BobYule that it means that Ashley couldn't afford Shearer's plans and can't afford to dump Shearer. Whatever the truth of the overdraft we are in for a Summer of fire sales where we'll lose Taylor and Bassong cheaply and manage to keep Duff and Geremi. The sale of the club will spill into next season so we'll start the campaign with a temporary manager and the club in turmoil. The only plus I can see is that the sale of the JJB shares indicates Ashley is doing something to prevent a total meltdown. Hard to see where the £40m overdraft comes from given the profits we've made in the last two transfer windows and the fact that we don't have interest payments on the stadium now. Next season a virtual disaster already! Link to post Share on other sites More sharing options...
Tsunami Posted May 31, 2009 Share Posted May 31, 2009 Pity those Arabs just bought Pompey. They just bought a PL club. It makes a hell of difference. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted May 31, 2009 Share Posted May 31, 2009 So he throws us into even more turmoil then. Club for sale again, Manager not appointed (If Shearer is appointed will the new owners want him?), Total rebuild of squad required, £100m loan to pay back to Ashley, etc. Who the hell is going to buy us now we are a Championship side? Link to post Share on other sites More sharing options...
madras Posted May 31, 2009 Share Posted May 31, 2009 Terrible news. Agree with BobYule that it means that Ashley couldn't afford Shearer's plans and can't afford to dump Shearer. Whatever the truth of the overdraft we are in for a Summer of fire sales where we'll lose Taylor and Bassong cheaply and manage to keep Duff and Geremi. The sale of the club will spill into next season so we'll start the campaign with a temporary manager and the club in turmoil. The only plus I can see is that the sale of the JJB shares indicates Ashley is doing something to prevent a total meltdown. Hard to see where the £40m overdraft comes from given the profits we've made in the last two transfer windows and the fact that we don't have interest payments on the stadium now. Next season a virtual disaster already! those transfer window profits (monies that haven't actually been paid yet) wont even be enough to cover the losses from those seasons. the club was running at a loss. Link to post Share on other sites More sharing options...
ToonTastic Posted May 31, 2009 Share Posted May 31, 2009 Terrible news. Agree with BobYule that it means that Ashley couldn't afford Shearer's plans and can't afford to dump Shearer. Whatever the truth of the overdraft we are in for a Summer of fire sales where we'll lose Taylor and Bassong cheaply and manage to keep Duff and Geremi. The sale of the club will spill into next season so we'll start the campaign with a temporary manager and the club in turmoil. The only plus I can see is that the sale of the JJB shares indicates Ashley is doing something to prevent a total meltdown. Hard to see where the £40m overdraft comes from given the profits we've made in the last two transfer windows and the fact that we don't have interest payments on the stadium now. Next season a virtual disaster already! Because the profits we made in the transfer windows were not paid in full. Despite our policy being we pay in full for players, our policy for selling players was not the same and so the likes of the Milner money was not paid all in one go. This may explain the use of the overdraft facility offered to us rather than the use of a loan. However as is the same with all overdrafts the bank has the legal right to reduce or withdraw any overdraft facility. There is usually a period of 21 days notice given to the indivdual. Link to post Share on other sites More sharing options...
Parky Posted May 31, 2009 Share Posted May 31, 2009 NM Roth-schild. Aren't these the blokes that according to Parky rule us all? Bastards. Link to post Share on other sites More sharing options...
ToonTastic Posted May 31, 2009 Share Posted May 31, 2009 So he throws us into even more turmoil then. Club for sale again, Manager not appointed (If Shearer is appointed will the new owners want him?), Total rebuild of squad required, £100m loan to pay back to Ashley, etc. Who the hell is going to buy us now we are a Championship side? Chances are the loan agreement will be covered in the contract signed by the buyer meaning there will be no loan. Link to post Share on other sites More sharing options...
Tsunami Posted May 31, 2009 Share Posted May 31, 2009 I'd love to see NE5's take on all this (so long as it didn't descend into the usual custard pie event - which wasn't always his fault btw). Link to post Share on other sites More sharing options...
madras Posted May 31, 2009 Share Posted May 31, 2009 I'd love to see NE5's take on all this (so long as it didn't descend into the usual custard pie event - which wasn't always his fault btw). "told you so,everything was just peachy before he came in" Link to post Share on other sites More sharing options...
Mr Logic Posted May 31, 2009 Share Posted May 31, 2009 Christ what a mess! If Ashley is 'owed' 100m? by the club, (ie the money he put in to pay off debts), I can't see us finding a buyer. They'd need 250m minimum. Longer this goes without some resolution and that's another season finished before it begins. And finally, why am I repeating what everyone else has already said? Link to post Share on other sites More sharing options...
Guest Stephen927 Posted May 31, 2009 Share Posted May 31, 2009 My main concern is selling the club to the right people. Obviously I doubt Ashley cares very much who he sells it to and what their intentions are, we're in the Championship and he just wants to wash his hands of the mess he's created and lost a load of money on. I'm hoping the right people come along who want to invest in the playing side of the club a lot more than Ashley was willing to, and we don't find another Mike Ashley out there who thinks you can make a profit from running a football club. Link to post Share on other sites More sharing options...
BeloEmre Posted May 31, 2009 Share Posted May 31, 2009 http://i648.photobucket.com/albums/uu206/Kjottbolle/AgentAsh.jpg Link to post Share on other sites More sharing options...
toonpete1892 Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! IF this is true, it means more people coming in and changing everything to do it their way. They will inherit someone elses (and many different peoples) styles of management, ownership, hierarchy, players etc. Even with all of the problems this was a chance to rebuild on the foundations that have been happening. I'll be very disappointed and wary if this ever becomes official. I personally hope it doesn't. Funny how its not all over SSN with the normal camera trucks recording the 'We got what we always wanted' mongs outside SJP. Link to post Share on other sites More sharing options...
Tooj Posted May 31, 2009 Share Posted May 31, 2009 More spin than Shane Warne. Link to post Share on other sites More sharing options...
Guest Gemmill Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! Direct quotes from Ashley in the Sunday Times suggest it's true. Link to post Share on other sites More sharing options...
toonpete1892 Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! Direct quotes from Ashley in the Sunday Times suggest it's true. And you believe everything in the papers? Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted May 31, 2009 Share Posted May 31, 2009 I'm very worried. Does this mean he won't be bothering to sort the club out while he is looking for a buyer? Does this mean new players aren't being sort? Scary stuff. Who would pay £100m for a Championship club never mind one which also owes £100m to Mike Ashley on top? Link to post Share on other sites More sharing options...
Guest Gemmill Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! Direct quotes from Ashley in the Sunday Times suggest it's true. And you believe everything in the papers? You don't think there might be some legal issues if they just completely make up an interview with Ashley where he says he's gonna sell the club? No I don't believe everything I read in the papers, but I believe the believable stuff. Do you disbelieve everything you read in the papers? Link to post Share on other sites More sharing options...
Parky Posted May 31, 2009 Share Posted May 31, 2009 It just seems that Shearer and Ashley were unable to come to an agreement, and that was Ashley's last hope for taking things forward. The idea of then turning to another manager and dealing with the furore that would result was too much to contemplate. The new man would always be Ashley's stooge in the eyes of fans, and particularly when the first team might continue to struggle, the atmosphere would deteriorate. It's a similar set of circumstances that made him decide to bail out before when Keegan went. I just hope that this time it is a quick sale. I'm not sure how attractive a proposition we are, because the club must look ungovernable at the moment. The club has massive potential. We need one bloke who is committed and has some brains. Step forward Chez Given. Link to post Share on other sites More sharing options...
Tooj Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! Direct quotes from Ashley in the Sunday Times suggest it's true. And you believe everything in the papers? I can't believe you're still defending this lot. Link to post Share on other sites More sharing options...
Tooj Posted May 31, 2009 Share Posted May 31, 2009 It just seems that Shearer and Ashley were unable to come to an agreement, and that was Ashley's last hope for taking things forward. The idea of then turning to another manager and dealing with the furore that would result was too much to contemplate. The new man would always be Ashley's stooge in the eyes of fans, and particularly when the first team might continue to struggle, the atmosphere would deteriorate. It's a similar set of circumstances that made him decide to bail out before when Keegan went. I just hope that this time it is a quick sale. I'm not sure how attractive a proposition we are, because the club must look ungovernable at the moment. The club has massive potential. We need one bloke who is committed and has some brains. Step forward Chez Given. Link to post Share on other sites More sharing options...
Parky Posted May 31, 2009 Share Posted May 31, 2009 I'll believe it when its official as I honestly believe its Sunday morning paper talk at a quiet part of the year. Any story related to NUFC sell papers, fact! Direct quotes from Ashley in the Sunday Times suggest it's true. And you believe everything in the papers? Tbf this looks trueish. Link to post Share on other sites More sharing options...
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