Dave Posted August 6, 2009 Share Posted August 6, 2009 Even the mackem cow reckons it's on. http://www.guardian.co.uk/football/2009/aug/06/barry-moat-close-to-buying-newcastle-united Chances of Barry Moat buying Newcastle United said to be 60/40 • Tyneside businessman been negotiating deal for weeks • Would bring back Alan Shearer as manager * Louise Taylor * guardian.co.uk, Thursday 6 August 2009 11.53 BST The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60/40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be being backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends. Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the newly relegated Championship club. Even so, a final price has not yet been agreed and, according to sources, some "important detail" still needs to be ironed out before any sale can proceed. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season. It is thought that a potential bidder, almost certainly from the Middle East, who also displayed serious interest in the club, is no longer keen to proceed. Those close to the deal know that Moat and his backers have deliberated long and hard about taking the plunge and buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle. Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price – sources insist Ashley still wants "something pretty close to £100m" – will be dependent on how many players the club can sell before the weekend. It is thought two could leave today. The defender Sébastien Bassong is likely to have a medical at Tottenham Hotspur ahead of a mooted £10m transfer while Habib Beye could also be en route out of St James' Park, possibly to Aston Villa. Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the entire negotiating process. He has always maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it got out. Moat, who would want to reappoint Shearer as Newcastle's manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park he has witnessed the team's travails at first hand but, as a businessman, must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. Best known in the north-east for his former role as a founder and later owner and chief executive of Premier Direct Group, a South Shields-based company, little is known about what specifically Moat has done since stepping down from Premier Direct in 2005 for "personal reasons". A PLC, Premier Direct sold books and novelty toys and gifts to schools, hospitals and local authorities in the UK and Ireland. Later it got involved in the door-to-door selling of cosmetics and party planning catalogues. In 2008, three years after Moat's departure, its shares were suspended and the company was placed in administration. Meanwhile, in 2007, Moat spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commission for "investment purposes". He and his wife are believed to live in the upmarket Darras Hall area to the north of Newcastle, where Shearer is a neighbour. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 Thomo mouldy_uk Dave is definately telling the truth. It's going to be announced within the next few days. Eh? Link to post Share on other sites More sharing options...
SUPERTOON Posted August 6, 2009 Share Posted August 6, 2009 The fkn Ronnie Gill man, club say he is not a serious contender, And Chronicle sources have speculated news of Mr Moat’s interest is nothing more than an attempt to flush out other bidders to bring the saga to a conclusion. Dear me they really are fkn party poopers like, loves to s*** on everything positive. Its because they know f*** all. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 understood to be being backed by heavyweight investment from the United States Toon's Taylor. Link to post Share on other sites More sharing options...
Guest iliketoonarmy Posted August 6, 2009 Share Posted August 6, 2009 There was supposed to be a deadline set for saturday for any bidders to come forward, not sure if it is to complete. Anyway if no one comes forward then Ashley is supposed to be taking the club of the market, so either way they should be some news this weekend. Could be no, we all know who MA is... Link to post Share on other sites More sharing options...
SUPERTOON Posted August 6, 2009 Share Posted August 6, 2009 Every single paper, plus the BBC are running with this story, but SSN is denying it, who do we believe? Link to post Share on other sites More sharing options...
Mowen Posted August 6, 2009 Share Posted August 6, 2009 BBC Sport leading with the story. Link to post Share on other sites More sharing options...
Minhosa Posted August 6, 2009 Share Posted August 6, 2009 Even the mackem cow reckons it's on. http://www.guardian.co.uk/football/2009/aug/06/barry-moat-close-to-buying-newcastle-united Chances of Barry Moat buying Newcastle United said to be 60/40 • Tyneside businessman been negotiating deal for weeks • Would bring back Alan Shearer as manager * Louise Taylor * guardian.co.uk, Thursday 6 August 2009 11.53 BST The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60/40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be being backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends. Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the newly relegated Championship club. Even so, a final price has not yet been agreed and, according to sources, some "important detail" still needs to be ironed out before any sale can proceed. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season. It is thought that a potential bidder, almost certainly from the Middle East, who also displayed serious interest in the club, is no longer keen to proceed. Those close to the deal know that Moat and his backers have deliberated long and hard about taking the plunge and buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle. Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price – sources insist Ashley still wants "something pretty close to £100m" – will be dependent on how many players the club can sell before the weekend. It is thought two could leave today. The defender Sébastien Bassong is likely to have a medical at Tottenham Hotspur ahead of a mooted £10m transfer while Habib Beye could also be en route out of St James' Park, possibly to Aston Villa. Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the entire negotiating process. He has always maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it got out. Moat, who would want to reappoint Shearer as Newcastle's manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park he has witnessed the team's travails at first hand but, as a businessman, must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. Best known in the north-east for his former role as a founder and later owner and chief executive of Premier Direct Group, a South Shields-based company, little is known about what specifically Moat has done since stepping down from Premier Direct in 2005 for "personal reasons". A PLC, Premier Direct sold books and novelty toys and gifts to schools, hospitals and local authorities in the UK and Ireland. Later it got involved in the door-to-door selling of cosmetics and party planning catalogues. In 2008, three years after Moat's departure, its shares were suspended and the company was placed in administration. Meanwhile, in 2007, Moat spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commission for "investment purposes". He and his wife are believed to live in the upmarket Darras Hall area to the north of Newcastle, where Shearer is a neighbour. Maybe the Jesmond pad is a holiday home. That's the one with the big black gates and sophisticated security system Dave. Link to post Share on other sites More sharing options...
Dokko Posted August 6, 2009 Share Posted August 6, 2009 understood to be being backed by heavyweight investment from the United States Toon's Taylor. Hope so, can't see it panning out like that though, like i said, it doesn't make sense unless someone with a bit more financial knowledge can tell me why someone would be willing to buy a 50% stake in something for more money than the other party. Link to post Share on other sites More sharing options...
Toon Amy Posted August 6, 2009 Share Posted August 6, 2009 hmm... Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the entire negotiating process. He has always maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it got out. Link to post Share on other sites More sharing options...
Bad Mongo Posted August 6, 2009 Share Posted August 6, 2009 I'm glad they told me about his gates. A blatant hint that Bill Gates is part of the consortium. "Sophisticated security system"? Just like Windows fucking Vista. Link to post Share on other sites More sharing options...
Big Geordie Posted August 6, 2009 Share Posted August 6, 2009 The fkn Ronnie Gill man, club say he is not a serious contender, And Chronicle sources have speculated news of Mr Moat’s interest is nothing more than an attempt to flush out other bidders to bring the saga to a conclusion. Dear me they really are fkn party poopers like, loves to s*** on everything positive. I'm not sure how they would know, at least any more than other media outlets. The local rags hardly have the ear of the club and it's been like that for a long time. If Moat comes out and says he's not involved, then that's it. However, if he keeps his trap shut then there may well be something in it. He'll still be bound by confidentiality if he is making a bid. Link to post Share on other sites More sharing options...
beardsleymagic Posted August 6, 2009 Share Posted August 6, 2009 The fkn Ronnie Gill man, club say he is not a serious contender, And Chronicle sources have speculated news of Mr Moat’s interest is nothing more than an attempt to flush out other bidders to bring the saga to a conclusion. Dear me they really are fkn party poopers like, loves to s*** on everything positive. I'm not sure how they would know, at least any more than other media outlets. The local rags hardly have the ear of the club and it's been like that for a long time. If Moat comes out and says he's not involved, then that's it. However, if he keeps his trap shut then there may well be something in it. He'll still be bound by confidentiality if he is making a bid. True, i only hope as he's a fan too, that if he's not involved then he releases a denial pretty quickly as he should know how all this crap just adds to the confusion surrounding the club. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted August 6, 2009 Share Posted August 6, 2009 hmm... Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the entire negotiating process. He has always maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it got out. So SP have released his name to the press to say his name shouldnt be given to the press? Link to post Share on other sites More sharing options...
AliGupter Posted August 6, 2009 Share Posted August 6, 2009 I'm near certain he lives up near Hexham... Link to post Share on other sites More sharing options...
Guest icemanblue Posted August 6, 2009 Share Posted August 6, 2009 I'm near certain he lives up near Hexham... Not local enough. Moat OUT!!! Link to post Share on other sites More sharing options...
Jill Posted August 6, 2009 Share Posted August 6, 2009 I'm near certain he lives up near Hexham... Not local enough. Moat OUT!!! Damn, I was born in Hexham.. you mean to say I could've supported someone else?! Link to post Share on other sites More sharing options...
Big Geordie Posted August 6, 2009 Share Posted August 6, 2009 True, i only hope as he's a fan too, that if he's not involved then he releases a denial pretty quickly as he should know how all this crap just adds to the confusion surrounding the club. Agreed. I'd expect a denial at some point today from Moat, if he's not involved. Link to post Share on other sites More sharing options...
SUPERTOON Posted August 6, 2009 Share Posted August 6, 2009 Has Thomo been back on here today, said he was speaking to his ITK today, all this kind of goes against everything he has been saying. Link to post Share on other sites More sharing options...
Guest icemanblue Posted August 6, 2009 Share Posted August 6, 2009 I'm near certain he lives up near Hexham... Not local enough. Moat OUT!!! Damn, I was born in Hexham.. you mean to say I could've supported someone else?! Yep, anyone but Newcastle. You dirty foreigner. Link to post Share on other sites More sharing options...
Skirge Posted August 6, 2009 Share Posted August 6, 2009 Have we had this one? Property tycoon linked to takeover of NUFC Aug 6 2009 by Dan Warburton, Evening Chronicle http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/08/06/property-tycoon-linked-to-takeover-of-nufc-72703-24332825/ Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 Has Thomo been back on here today, said he was speaking to his ITK today, all this kind of goes against everything he has been saying. Not necessarily. It is thought that a potential bidder, almost certainly from the Middle East, who also displayed serious interest in the club, is no longer keen to proceed. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 And even though fans woke up today to back page headlines that that Tyneside businessman Barry Moat was about to be installed as the new face of United, this has been played down by the current hierarchy. But as usual, no-one was available for comment at the club this morning. How does that work exactly? Link to post Share on other sites More sharing options...
SUPERTOON Posted August 6, 2009 Share Posted August 6, 2009 Has Thomo been back on here today, said he was speaking to his ITK today, all this kind of goes against everything he has been saying. Not necessarily. It is thought that a potential bidder, almost certainly from the Middle East, who also displayed serious interest in the club, is no longer keen to proceed. Oh sorry, didn't see that, hopefully he has some more positive information on this story today. Link to post Share on other sites More sharing options...
Guest toonlass Posted August 6, 2009 Share Posted August 6, 2009 Have we had this one? Property tycoon linked to takeover of NUFC Aug 6 2009 by Dan Warburton, Evening Chronicle http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/08/06/property-tycoon-linked-to-takeover-of-nufc-72703-24332825/ I thought the Chronicle had rubbished this? Link to post Share on other sites More sharing options...
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