Skirge Posted August 6, 2009 Share Posted August 6, 2009 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 Link to post Share on other sites More sharing options...
TRon Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
Guest Pedro_de_geordieo Posted August 6, 2009 Share Posted August 6, 2009 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). Link to post Share on other sites More sharing options...
madras Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
Matt Posted August 6, 2009 Share Posted August 6, 2009 Well, there's one way Shearer can guarantee himself the job! Link to post Share on other sites More sharing options...
madras Posted August 6, 2009 Share Posted August 6, 2009 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 ? Link to post Share on other sites More sharing options...
Guest Doocey Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
jdckelly Posted August 6, 2009 Share Posted August 6, 2009 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 Link to post Share on other sites More sharing options...
J7 Posted August 6, 2009 Share Posted August 6, 2009 I dont understand that Times article im afraid. Link to post Share on other sites More sharing options...
Dr.Spaceman Posted August 6, 2009 Share Posted August 6, 2009 http://www.timesonline.co.uk/tol/sport/football/football_league/article6742173.ece what the fucking fuck?!? Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
TRon Posted August 6, 2009 Share Posted August 6, 2009 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!" Link to post Share on other sites More sharing options...
J7 Posted August 6, 2009 Share Posted August 6, 2009 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? Link to post Share on other sites More sharing options...
Alberto2005 Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 Once again, this £20m story stinks of trying to force someone's hand IMO. If Moat is in pole position, perhaps his. Link to post Share on other sites More sharing options...
madras Posted August 6, 2009 Share Posted August 6, 2009 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. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 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). Link to post Share on other sites More sharing options...
jdckelly Posted August 6, 2009 Share Posted August 6, 2009 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) Link to post Share on other sites More sharing options...
madras Posted August 6, 2009 Share Posted August 6, 2009 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). even if it were true the 20mill up front is not "the" price. Link to post Share on other sites More sharing options...
Guest Pedro_de_geordieo Posted August 6, 2009 Share Posted August 6, 2009 I thought Shepherd was supposed to have bid about 60m so why didn't he take that?. I think that article is bollocks tnh. Link to post Share on other sites More sharing options...
Matt Posted August 6, 2009 Share Posted August 6, 2009 The value in the offer depends very much on the repayment terms of the remainder. You still need to add in about £50m just to sort the wage bill out. Link to post Share on other sites More sharing options...
madras Posted August 6, 2009 Share Posted August 6, 2009 I thought Shepherd was supposed to have bid about 60m so why didn't he take that?. I think that article is bollocks tnh. thats probably all he offered though whereas ashley wants more....even if it starts with just 20mill up front. not sure if i've been reading this right but it seems like some folk are thinking the club is up for sale at 20mill. Link to post Share on other sites More sharing options...
Cronky Posted August 6, 2009 Share Posted August 6, 2009 If it's true, it sounds like Ashley is trying to make it as easy as possible for Moat or someone like him to buy the club. If a buyer is having to borrow money to finance the deal, then the interest payments would leave less money for buying players and therefore a possible continuing downward spiral would be set up. That uncertain future may be what's putting buyers off. If Ashley is allowing interest-free payment by instalments, dependent on results, then the risk is far less and someone might take the plunge. Link to post Share on other sites More sharing options...
Dave Posted August 6, 2009 Share Posted August 6, 2009 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). even if it were true the 20mill up front is not "the" price. No, but it would surely get loads more people interested. Link to post Share on other sites More sharing options...
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