RIP sale thread.

[Dave]

The billionaire, who banked £900 million when he floated his sports retail empire, Sports Direct, two years ago, believes that he needs to secure a sale quickly to give Newcastle a fighting chance of promotion from the Coca-Cola Championship this season.

 

[Guest Taff]

http://www.timesonline.co.uk/tol/sport/football/football_league/article6742173.ece

 

Jeez

[Dave]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

[Karjala]

http://www.newsoftheworld.co.uk/multimedia/archive/00039/ashley1_280x420_39086a.jpg

The man who ruined our club.

[Dave]

http://www.newsoftheworld.co.uk/multimedia/archive/00039/ashley1_280x420_39086a.jpg

The man who ruined our club.

 

Good point.

[jdckelly]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

then surely he can come to an agreement with moat. sounds like he really is desperate to get out though

[Skirge]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

Fk thst, we get back to the Prem he demands loan in full or the club back

[TRon]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

 

He's just going back to his market stall roots, pitching to passing traders to see if anyone'll bite.

[Guest Pedro_de_geordieo]

Like I say Moat is looking at offering 80-90m but he has fallen a bit short of the 100m therefore they are selling to makeup the extra and reduce the wage bill.

 

Done by tomorrow I reckon.

 

No chance. There could possibly be an agreement in principle but that's about it. Surely you don't do a deal on this scale in a day.

 

To be fair all we need is to agree a deal in principle just like Man city did I believe. This will allow us to apoint a manager thus lifting the players ahead of thier first game (loads of variables in there I know).

[madras]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

Fk thst, we get back to the Prem he demands loan in full or the club back

doubt it as the initial problem that he is trying to escape would still be there. probably just a speeding up in repayment if promoted but not as drastic as you post.

[Matt]

Well, there's one way Shearer can guarantee himself the job!

[madras]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

 

He's just going back to his market stall roots, pitching to passing traders to see if anyone'll bite.

isn't that most any form of business ?

[Guest Doocey]

Deals have been agreed in principle, but proof of funds has been the main problem.

As much is hurts to say, this delay hasn't been all Ashley's fault.

[Dave]

So The Times are claiming that he has definitely written off that £140m or whatever that we thought he might want back in the future. That should surely see people interested, right?

 

What doesn't make sense is why now.

[jdckelly]

So The Times are claiming that he has definitely written off that £140m or whatever that we thought he might want back. That should definitely see people interested, right?

 

What doesn't make sense is why now.

desperation

[J7]

I dont understand that Times article im afraid.

[Dr.Spaceman]

http://www.timesonline.co.uk/tol/sport/football/football_league/article6742173.ece

 

what the fucking fuck?!?

[Dave]

I dont understand that Times article im afraid.

 

I think they're saying he's now so desperate to flog it that:

 

1. He's written off his losses.

2. He's willing to take £70-90m all in.

3. He's willing to sell it for just £20m up front, with the rest paid at a later date.

 

What a bipolar cunt.

[TRon]

Newcastle United are being offered around the City for a fire-sale cash price of £20 million as Barry Moat, a local businessman, races against time to complete a deal to buy the club.

 

The Times has learnt that football intermediaries close to Seymour Pierce, the investment bank hired by Mike Ashley, the Newcastle owner, to sell the club, have contacted several private-equity investors since yesterday to canvass their interest.

 

It is understood the total price tag for Newcastle, who were once being marketed for £400 million, is now between £70 million and £90 million. But, crucially, Ashley is now also offering to loan any buyer the rest of his asking price to secure a sale of the relegated club.

 

How would this work then?

 

He'd just want £20m as the cash price, with the rest of the £100m paid back over a number of years? That would be ridiculous.

 

He's just going back to his market stall roots, pitching to passing traders to see if anyone'll bite.

isn't that most any form of business ?

 

It wouldn't surprise me if Ashley actually set up a stall with a half price toon sale tbh. Maybe Llambiarse could do the pitching.

 

"Cahm on gents, lahvlee norvern footbawl clahb 'arf price ter the first one wot bids a pony!"

 

 

[J7]

I dont understand that Times article im afraid.

 

I think they're saying he's now so desperate to flog it that:

 

1. He's written off his losses.

2. He's willing to take £70-90m all in.

3. He's willing to sell it for just £20m up front, with the rest paid at a later date.

 

What a bipolar c***.

Cheers.

 

So £20mil upfront is all people are willing to pay?

[Alberto2005]

The guy's an idiot.  You have Shepherd who's an idiot in terms of running a club but then has the business nouse to sell it for a reasonable price at the right time and then you have this guy who can't do neither.

[Dave]

Once again, this £20m story stinks of trying to force someone's hand IMO. If Moat is in pole position, perhaps his.

[madras]

The guy's an idiot.  You have Shepherd who's an idiot in terms of running a club but then has the business nouse to sell it for a reasonable price at the right time and then you have this guy who can't do neither.

tbf freds hand was forced by the halls.

[Dave]

I dont understand that Times article im afraid.

 

I think they're saying he's now so desperate to flog it that:

 

1. He's written off his losses.

2. He's willing to take £70-90m all in.

3. He's willing to sell it for just £20m up front, with the rest paid at a later date.

 

What a bipolar c***.

Cheers.

 

So £20mil upfront is all people are willing to pay?

 

Not necessarily. As I said just above, this might be just to panic the existing bidder(s).

[jdckelly]

if 20m is what hes willing to accept up front (and the times is usually a credible source on things) then surely moat will be able to manage to buy it because this smacks me as desperately trying to get it off his hands before it hurts his reputation any further (if possible)