Robster Posted August 24, 2009 Share Posted August 24, 2009 I guess we have to feel positive that Ashley is prepared to be flexible to get the deal done. My cynical side would have assumed that ordinarily, he wouldnt Link to post Share on other sites More sharing options...
Dave Posted August 24, 2009 Share Posted August 24, 2009 So the big announcement is nothing happened? It's as clear a sign as they've given us so far that they have a deal agreed in principle and are just waiting for the particulars to go through. Pretty big news tbh. Link to post Share on other sites More sharing options...
Shearergol Posted August 24, 2009 Share Posted August 24, 2009 Its not about raw funds its about getting an overdraft facility up to a certain amount. Which if you have applied for even a £400 overdraft with you bank it takes a few days to process and terms have to be agrred. All c lubs run with an overdraft facility just in case of a demise in the clubs situation An overdraft facility can be setup within about 5 minutes these days tbh When was the last time you tried to get one for £40m? I haven't. I was directly quoting the part where he claimed a £400 overdraft took a few days. Link to post Share on other sites More sharing options...
James Posted August 24, 2009 Share Posted August 24, 2009 To be honest, I reckon Moat and Shearer will have several deals in place ready for when this gets pushed through. We won't have to worry that this not being done until 31st August if that is what ends up happenning. Link to post Share on other sites More sharing options...
Guest The Libertine Posted August 24, 2009 Share Posted August 24, 2009 Ah right, so Radio Newcastle were wrong, all those papers saying Barclays had given a decision one way or another were wrong, and all those papers saying the annoucnement would be Ashley is staying were wrong (for now) And yet people still think everything reported is gospel. negative things are gospel. some people just love a good moan. Maybe - but theres hardly been any good news for years - please name ANY in the last 5 years. Its not an accident that most bad news turns out to be right, and good news NOT where this club is concerned. off the top of my head i'd say about half an hour ago? Link to post Share on other sites More sharing options...
Dave Posted August 24, 2009 Share Posted August 24, 2009 To be honest, I reckon Moat and Shearer will have several deals in place ready for when this gets pushed through. We won't have to worry that this not being done until 31st August. I wouldn't go that far. Link to post Share on other sites More sharing options...
Gash Posted August 24, 2009 Share Posted August 24, 2009 I guess we have to feel positive that Ashley is prepared to be flexible to get the deal done. My cynical side would have assumed that ordinarily, he wouldnt Perhaps MA knows full well that Moat won't get the overdraft but has said he will keep the deadline to keep fans off his back about new signings and Shearer? Link to post Share on other sites More sharing options...
Cooper Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. Link to post Share on other sites More sharing options...
Dave Posted August 24, 2009 Share Posted August 24, 2009 We should change the Nicky Butt song into Barry Moat. Link to post Share on other sites More sharing options...
ChezGiven Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doesnt sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. Link to post Share on other sites More sharing options...
Guest Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. If it was affordable, I reckon no more sales, plus Campbell & Lovenkrands would see us pushing 100 points this season. Link to post Share on other sites More sharing options...
Guest sombrero Posted August 24, 2009 Share Posted August 24, 2009 Its not about raw funds its about getting an overdraft facility up to a certain amount. Which if you have applied for even a £400 overdraft with you bank it takes a few days to process and terms have to be agrred. All c lubs run with an overdraft facility just in case of a demise in the clubs situation An overdraft facility can be setup within about 5 minutes these days tbh When was the last time you tried to get one for £40m? I haven't. I was directly quoting the part where he claimed a £400 overdraft took a few days. itll probably be something like, for overdraft please press 1 .... for overdraft concerning NUFC please wait while we connect you to our call centre on the moon! Link to post Share on other sites More sharing options...
Pilko Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. We're third after four games. There are FORTY games left, plus at least two cup games. At present, we have very few injuries. Five or six injuries later and we're playing the academy side. Of course we need new signings. What an awful post. Link to post Share on other sites More sharing options...
JH Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doest sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. I've read people say this over and over again recently, but I still can't get what Ashley will stand to gain from it from his point of view. Notice that 'his point of view' btw, because I do see the positives and I do see how it can be beneficial to both of them, but the way Ashley thinks and the way he has acted in the past, he will see no positive to selling part of the club; he might as well keep it, get us promoted and sell us for more. Result in his eyes. Link to post Share on other sites More sharing options...
madras Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. We're third after four games. There are FORTY games left, plus at least two cup games. At present, we have very few injuries. Five or six injuries later and we're playing the academy side. Of course we need new signings. What an awful post. 46 league games sonny. (unless you have us going to the wall with 2 games left ?) it's always good to get new signings in ,personall though i think the squad as it is would go up. all clubs at thei level will have to rely ion young players as they can't afford the depth of squad that is the norm in the prem. the question that remains is what sort of squad we'll have come 5pm on set 1st. Link to post Share on other sites More sharing options...
Guest Wally_McFool Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. We were top of the league 2 in the early 80's into the middle of January after which we only won 2 more games until the end of the season. The club cannot afford to be complacent about being promoted. Oh and we are not top of the league, we are only in a play off spot! Link to post Share on other sites More sharing options...
Cooper Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. We're third after four games. There are FORTY games left, plus at least two cup games. At present, we have very few injuries. Five or six injuries later and we're playing the academy side. Of course we need new signings. What an awful post. Yes and we have decent academy players which are adequate cover. New signings will not happen mate while the wage bill is this high. We might want new signings but theres no desperate need for them. Link to post Share on other sites More sharing options...
Heron Posted August 24, 2009 Share Posted August 24, 2009 With 10points from 4 games doesn't that mean that we are likes to get approximately 116 points based on the law of averages... Link to post Share on other sites More sharing options...
Guest sombrero Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doesnt sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. this might be a silly question but.... if ashley was to retain say 40 %, moat gets 60 %, can ashley still keep the overdraft under his name? as in does it still have to be transferred to moat? could speed things up, cheaper for moat at the moment and more money for ashley in the long run? Link to post Share on other sites More sharing options...
ChezGiven Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doest sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. I've read people say this over and over again recently, but I still can't get what Ashley will stand to gain from it from his point of view. Notice that 'his point of view' btw, because I do see the positives and I do see how it can be beneficial to both of them, but the way Ashley thinks and the way he has acted in the past, he will see no positive to selling part of the club; he might as well keep it, get us promoted and sell us for more. Result in his eyes. You would keep it if there was a 100% probability of us going up, i'm trying to factor some 'risk-based analysis' into this. Its just me guessing though, based on nowt. Link to post Share on other sites More sharing options...
Heron Posted August 24, 2009 Share Posted August 24, 2009 Do we even NEED new signings? Other than just for cover? (we are top of the league) i think its much more important we don't sell anymore top quality players like taylor etc. The statement indicates they have agreed a deal so Ashely must not want to stay on. Good news. We're third after four games. There are FORTY games left, plus at least two cup games. At present, we have very few injuries. Five or six injuries later and we're playing the academy side. Of course we need new signings. What an awful post. 46 league games sonny. (unless you have us going to the wall with 2 games left ?) 49 if you get into the Play-Off finals... Link to post Share on other sites More sharing options...
ianovthetoon Posted August 24, 2009 Share Posted August 24, 2009 I'm sure this will be a done deal by the end of the week. Everything else would appear to be in place, all we need is an agreement in principle from Barclays that Barry Moat can have the same terms overdraft as Mike Ashley. There'll probably be a last minute flurry of transfer deals, with players no doubt sounded out over the possibility of a move here. Plus anyone signing has almost 2 weeks to get settled in as after the Leicester match we've got the international break. Good times ahead, hopefully Link to post Share on other sites More sharing options...
Guest The Libertine Posted August 24, 2009 Share Posted August 24, 2009 Oh and we are not top of the league, we are only in a play off spot! or joint top. negativity ftw. Link to post Share on other sites More sharing options...
JH Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doest sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. I've read people say this over and over again recently, but I still can't get what Ashley will stand to gain from it from his point of view. Notice that 'his point of view' btw, because I do see the positives and I do see how it can be beneficial to both of them, but the way Ashley thinks and the way he has acted in the past, he will see no positive to selling part of the club; he might as well keep it, get us promoted and sell us for more. Result in his eyes. You would keep it if there was a 100% probability of us going up, i'm trying to factor some 'risk-based analysis' into this. Its just me guessing though, based on nowt. Oh I know, and I think it's very logical; with any other owner they'd probably evaluate going down such a route. Problem is, Ashley doesn't seem to work with logic. Link to post Share on other sites More sharing options...
ChezGiven Posted August 24, 2009 Share Posted August 24, 2009 I have to keep reminding myself that if Moat doesnt sort the funds, then Shearer wont return as this is apparently the 'lesson' learnt from Ashhley's 'previous' mistakes. I still think a partnership is the most likely outcome but that Moat would be the one taking the risk on two fronts. Firstly financial, so he needs to be a guarantor for the debt positions and be the majority shareholder. This in itself would take significantly more money than Moat is supposed to have so would require backing and the banks to be satisfied with that. Secondly, the risk of appointing another 'geordie legend' requires someone at the top of the club who the fans can associate with. Of course, it could be sold outright but maybe if Ashley retains some ownership then he stand to gain more in the future. Am of course guessing in all of this. this might be a silly question but.... if ashley was to retain say 40 %, moat gets 60 %, can ashley still keep the overdraft under his name? as in does it still have to be transferred to moat? could speed things up, cheaper for moat at the moment and more money for ashley in the long run? The liabilities of the company would be apportioned according to share ownership i think. Link to post Share on other sites More sharing options...
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