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RIP sale thread.

Tooj

by Tooj
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Toon Amy

Toon Amy

Posted
Posted

George Caulkin says the money will be there but not sure if Ashley will accept it

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/newcastle/article6741322.ece

What are the chances of this deal going through?

 

The bid led by Barry Moat has been recommended to Mike Ashley by Seymour Pierce, the investment bank employed by the Newcastle owner to sell the club. Moat's consortium is the preferred bidder of Keith Harris, Seymour Pierce’s executive chairman, and talks are ongoing at the moment - that's where this is right now.

 

What everyone has to remember is that we are dealing with Mike Ashley here, so we shouldn't get ahead of ourselves. This bid may have been recommended to him, but there are no guarantees that he will accept it.

 

Will Ashley get the £100m he is asking for?

 

That has been his asking price since the end of last season. The talks would not have got to this stage if the bidder didn't have the necessary funds. Whether that is £80m, £90m or even £100m I don't know, but we are not going to get to the point where we suddenly find this consortium hasn't got the funds.

 

Moat's consortium has been secretly negotiating with Ashley and Seymour Pierce for several weeks. They have gone through a pretty exhaustive due diligence process and spoken at length about the wage bill and the overdraft the club has.

 

Would a successful takeover by Moat mean Alan Shearer would return as manager?

 

Yes it would. Moat served as chairman of Alan Shearer’s testimonial committee and Shearer has been kept informed of the ongoing negotiations from Moat's end. He hasn't heard a word from Newcastle who have kept him completely in the dark. If this takeover goes through it would definitely see Shearer come back as manager.

 

What do you know about Moat?

 

He is a recognisable figure at St James' Park and he has never made any secret of his affiliation to Newcastle United. As I have said he was on Shearer's testimonial committee and he is a local businessmen who has been involved in telecommunications and property. He has a box at the club where he regularly attends matches with his family and he has contributed money to the club's academy. Moat is not comparable to a figure like Freddie Shepherd, who had a very high public profile, but he is a well-known and well-liked figure at the club.

 

Ashley originally said the deadline for any deal would be tomorrow. Is that a real deadline or still movable?

 

These deadlines are always relatively fluid. If an acceptable bid came in 24 hours after the deadline, Ashley would still accept it. My understanding is that talks between Newcastle, the consortium and Seymour Pierce are ongoing and my hope would be that a deal could be done by late tomorrow or Saturday.

 

We shouldn't forget that there is nothing to stop Moat's consortium pulling out at the last minute and there is certainly nothing to prevent Ashley from deciding he doesn't want to accept this bid. There is a long way to go and it is very frustrating for the supporters, but there is a chance that something could happen in the next 48 hours.

 

What state does this leave Newcastle in given Joe Kinnear's latest comments and with the new season upon us?

 

It leaves Newcastle behind almost every other club in the division because for the entire summer they haven't had a manager and as a result they have had no players going out and no one coming in. They are trailing the other teams in terms of preparation and just about everything else.

 

If it was to happen by Saturday it would mean Newcastle would have a fresh start, it would mean Alan Shearer coming back to the club and it would mean at least a degree of optimism. At this stage we don't how much money would be available for new players.

 

The prospect of Ashley staying is one that would inspire horror in the fans and hearing Kinnear and seeing names like David O'Leary banded about is terrifying. It is time for Mike Ashley to go and with a bit of luck we are not too far away from that point.

 

 

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Tooj

Tooj

Posted
Posted

 

Family Fortunes presenter

 

What's his name again?

 

http://www.youtube.com/watch?v=6DJbZCS6PGQ&feature=related

 

:lol:

:lol: :lol: Love Extras, reckon it's vastly underrated.

 

Aye thought it was great when it was on. Actually thought Gervais was the worst part of it. Merchant and "Barry" were the stars of the show for me. That scene with Merchant and Ronnie Corbert. :lol:

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Nobody

Nobody

Posted
Posted

 

Family Fortunes presenter

 

What's his name again?

 

http://www.youtube.com/watch?v=6DJbZCS6PGQ&feature=related

 

:lol:

:lol: :lol: Love Extras, reckon it's vastly underrated.

 

Aye thought it was great when it was on. Actually thought Gervais was the worst part of it. Merchant and "Barry" were the stars of the show for me. That scene with Merchant and Ronnie Corbert. :lol:

Gervais wasn't bad at all, once you get used to him not being David Brent. I'll agree that Merchant, "Barry" and "Greg" were far better though.

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Guest Mani

Guest Mani

Posted
Posted

some shit about his gaylord

 

Unlike buyers involved in so many recent football club acquisitions, Barry Moat, the buyer involved in the purchase of Newcastle United, is a lifelong fan of the club.

 

Mr Moat, the 42-year old local millionaire who chaired Alan Shearer's testimonial organisation committee, had already signed up to an executive box for the next five seasons at St James's Park before finalising an offer for the entire club for £100 million.

 

He is well-known in business circles in the North East, but companies he once ran have suffered during the downturn.

 

Premier Direct, the shopping-at-work seller of books and novelty goods of which Moat was chief executive, went into administration last June after shares were suspended on the AIM stock market. Moat had stepped down in 2005 for family reasons after 12 years at the helm.

 

BNS Telecom, the telecoms company he founded in 1996, is still in operation. Moat became non-executive chairman last year and two months ago boosted his shareholding in the group, buying £500,000 worth of shares.

 

The last time Moat's penchant for acquiring significant holdings in the North East made headlines was a major investment in property and land in mid-2007, when he bought a 2,566-acre estate 10 miles from Newcastle from the Church Commissioners for an estimated £18 million to £20 million. The Dissington Estate includes several working farms and extensive woodland.

 

He was last linked with a possible takeover in the club in July 2005.

 

http://www.timesonline.co.uk/tol/sport/football/premier_league/newcastle/article6741294.ece

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ToonTastic

ToonTastic

Posted
Posted

 

He is well-known in business circles in the North East, but companies he once ran have suffered during the downturn.

 

 

So a company he ran 4 years ago but no longer has anything to do with had problems and that relates to him how ?

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BlueStar

BlueStar

Posted
Posted

 

Although the bank in charge of sale process, Seymour Pierce, are set to recommend Moat’s bid is accepted by United owner Mike Ashley, it is understood it does not match his £100m valuation.

 

That has led Ashley’s people to dismiss the offer and play down any chance of Moat becoming the new owner. The talks in London today are an attempt to break that deadlock.

 

Come on Ashley, don't be a cunt.

 

 

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