Guest Mani Posted August 6, 2009 Share Posted August 6, 2009 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 Link to post Share on other sites More sharing options...
BlueStar Posted August 6, 2009 Share Posted August 6, 2009 SSN: Still pushing the 'unlikely' angle on the sale. Please don't say our hopes are going to be dashed again Link to post Share on other sites More sharing options...
joeyt Posted August 6, 2009 Share Posted August 6, 2009 Anyone else confused? Half the press are saying this could and probably will happen while others have dismissed it. Thomo will sort out the confusion Link to post Share on other sites More sharing options...
Guest Pedro_de_geordieo Posted August 6, 2009 Share Posted August 6, 2009 ITS ON! http://www.journallive.co.uk/nufc/newcastle-united-news/2009/08/06/talks-continue-over-barry-moat-bid-to-buy-nufc-61634-24334343/ Link to post Share on other sites More sharing options...
ToonTastic Posted August 6, 2009 Share Posted August 6, 2009 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 ? Link to post Share on other sites More sharing options...
BlueStar Posted August 6, 2009 Share Posted August 6, 2009 ITS ON! http://www.journallive.co.uk/nufc/newcastle-united-news/2009/08/06/talks-continue-over-barry-moat-bid-to-buy-nufc-61634-24334343/ 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. Link to post Share on other sites More sharing options...
oldtype Posted August 6, 2009 Share Posted August 6, 2009 ITS ON! http://www.journallive.co.uk/nufc/newcastle-united-news/2009/08/06/talks-continue-over-barry-moat-bid-to-buy-nufc-61634-24334343/ 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 c***. A bit too late, that. Link to post Share on other sites More sharing options...
KaKa Posted August 6, 2009 Share Posted August 6, 2009 Hmmm ... I think it is very likely this is quite close to happening and Moat has offered the closest to the price MA wants. I think MA has actually put Kinnear up to his recent silly comments along with MA claiming he would stay on, in order to push Moat into sealing the deal. In conclusion I believe Moat will be and indeed is the new owner so rejoice and be glad! Link to post Share on other sites More sharing options...
relámpago blanco Posted August 6, 2009 Share Posted August 6, 2009 Barry Moat's got a boat thats full of poke, a boat thats full of poke. Barry Moat's got a boat thats full of poke, a boat thats full of poke. Barry Moat's got a boat thats full of poke, a boat thats full of poke. Etc Link to post Share on other sites More sharing options...
MW Posted August 6, 2009 Share Posted August 6, 2009 wtf is poke? boat that full of goats Link to post Share on other sites More sharing options...
Guest Mani Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Link to post Share on other sites More sharing options...
jdckelly Posted August 6, 2009 Share Posted August 6, 2009 please go through, ashley has to weigh up the cost of keeping the club financially and to his reputation, the longer this goes on the more damage to his reputation it does and that could hurt him in other business ventures as who would want to do anything with him? Link to post Share on other sites More sharing options...
ToonTastic Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Would take a while before they would think of floating the club. Link to post Share on other sites More sharing options...
relámpago blanco Posted August 6, 2009 Share Posted August 6, 2009 wtf is poke? boat that full of goats Poke is a term for money. Link to post Share on other sites More sharing options...
Guest Mani Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Would take a while before they would think of floating the club. Would it be a good thing though? Link to post Share on other sites More sharing options...
Guest Wally_McFool Posted August 6, 2009 Share Posted August 6, 2009 please go through, ashley has to weigh up the cost of keeping the club financially and to his reputation, the longer this goes on the more damage to his reputation it does and that could hurt him in other business ventures as who would want to do anything with him? The club will be worth half of its current value or less in a years time , if fat man stays. He should take the money and run. Link to post Share on other sites More sharing options...
KaKa Posted August 6, 2009 Share Posted August 6, 2009 wtf is poke? boat that full of goats Poke is a term for money. In what realm? Link to post Share on other sites More sharing options...
NG32 Posted August 6, 2009 Share Posted August 6, 2009 wtf is poke? boat that full of goats Poke is a term for money. In what realm? Mordor, where the mackem trolls lurk. "give them man flesh" In a pastie of course, from peters bakery. Link to post Share on other sites More sharing options...
ToonTastic Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Would take a while before they would think of floating the club. Would it be a good thing though? It's always good in my eyes to have different people owning the club. Like Arsenal for example. All from the same family like last time isn't good though. Link to post Share on other sites More sharing options...
relámpago blanco Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Depends how he does it, best way would be to buy us for 100m, get us promoted either float then or wait 1 season. IN the prem we are probably worth 200-250m due to our fan base and stadium. So really if he's a ncie guy, which he seems and isn't in it for the money, he could float the club maintaining a 35% would fetch up to 160m for the 65%. He could take back 65M meaning he has the money abck he paid for the 65% he's sold in floating and leaving the club with a nice balance of 95M. Probably wont happen though. Link to post Share on other sites More sharing options...
NG32 Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Depends how he does it, best way would be to buy us for 100m, get us promoted either float then or wait 1 season. IN the prem we are probably worth 200-250m due to our fan base and stadium. So really if he's a ncie guy, which he seems and isn't in it for the money, he could float the club maintaining a 35% would fetch up to 160m for the 65%. He could take back 65M meaning he has the money abck he paid for the 65% he's sold in floating and leaving the club with a nice balance of 95M. Probably wont happen though. Lets not get ahead of ourselves man. Link to post Share on other sites More sharing options...
relámpago blanco Posted August 6, 2009 Share Posted August 6, 2009 wtf is poke? boat that full of goats Poke is a term for money. In what realm? http://www.urbandictionary.com/define.php?term=Money+Poke That means a purse but I've heard cockneys using it, along with scratch etc. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 So they're literally in talks as we speak (type)? Link to post Share on other sites More sharing options...
relámpago blanco Posted August 6, 2009 Share Posted August 6, 2009 If this Meat Loaf takes over, Will Nufc become a PLC again? I'm guessing he will float us for sure. Whether thats a good thing or not, I don't know. Anyone care to shed some light. Depends how he does it, best way would be to buy us for 100m, get us promoted either float then or wait 1 season. IN the prem we are probably worth 200-250m due to our fan base and stadium. So really if he's a ncie guy, which he seems and isn't in it for the money, he could float the club maintaining a 35% would fetch up to 160m for the 65%. He could take back 65M meaning he has the money abck he paid for the 65% he's sold in floating and leaving the club with a nice balance of 95M. Probably wont happen though. Lets not get ahead of ourselves man. Thats why I said probably won't happen, that would be the best scenario and similar to the Halls. Link to post Share on other sites More sharing options...
Ketsbaia Posted August 6, 2009 Share Posted August 6, 2009 big day then. will common sense prevail?? Link to post Share on other sites More sharing options...
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