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Americans jet in for talks on Toon takeover

 

Aug 28 2009 by Lee Ryder, Evening Chronicle

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THE American-based group interested in taking over Newcastle United have arrived in London for face-to-face talks with investment bank Seymour Pierce.

 

The group, who are understood to have strong connections with professional sports organisations in the US, are currently working with Seymour Pierce duo Keith Harris and Tom Sheldon after making their interest know in the last fortnight.

 

Toon owner Mike Ashley imposed a one-week deadline on wannabe owner Barry Moat with the Tyneside-based businessman attempting to agree terms with Barclays Bank to agree the club’s working overdraft facility of £39m.

 

However, it’s believed that hopes are fading fast for United’s biggest corporate customer even though Ashley has been trying to push the deal over the finish line.

Geoff Sheard

 

The Chronicle understands that the Americans – who have North West sports retailer Geoff Sheard spearheading their bid – are attempting to close in on a deal with Ashley.

 

United managing director Derek Llambias confirmed talks were taking place earlier in the week, although he did stress that the bid team was yet to provide “proof of funds”.

 

With Sheard only representing the US group, the arrival of the main financial backers of the bid in the UK is a significant move.

 

A source close to the deal in the capital told the Chronicle today: “The Americans are pushing like hell to get a deal through.

 

“They arrived in London late yesterday and will speak to Seymour Pierce once again.

 

“It’s at a critical stage and they don’t want to say too much.

 

“Obviously with non-disclosure agreements signed it’s difficult for them. And it is a painfully slow process.”

 

As revealed in the Chronicle on Tuesday, the Americans would install Alan Shearer as manager despite the great start made by United under interim boss Chris Hughton.

 

They also intend to appoint New York-based strategic holding company The Omnicom Group to rebrand the Magpies on a global scale and increase sponsorship and advertising opportunities.

 

And they will assign worldwide PR giants Fleishman Hillard to attempt to repair relations between fans and those calling the shots at the club.

 

Toon supporters though have grown weary of takeover talk and today fanzine editor Steve Wraith said: “It all sounds like a grand plan.

 

“But we have heard a lot of it before.

 

“Hopefully the Americans can put their money where their mouth is and we can see some real developments in the next few days.”

lee ryders latest

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Americans jet in for talks on Toon takeover

 

Aug 28 2009 by Lee Ryder, Evening Chronicle

Add a comment

Recommend

 

THE American-based group interested in taking over Newcastle United have arrived in London for face-to-face talks with investment bank Seymour Pierce.

 

The group, who are understood to have strong connections with professional sports organisations in the US, are currently working with Seymour Pierce duo Keith Harris and Tom Sheldon after making their interest know in the last fortnight.

 

Toon owner Mike Ashley imposed a one-week deadline on wannabe owner Barry Moat with the Tyneside-based businessman attempting to agree terms with Barclays Bank to agree the clubs working overdraft facility of £39m.

 

However, its believed that hopes are fading fast for Uniteds biggest corporate customer even though Ashley has been trying to push the deal over the finish line.

Geoff Sheard

 

The Chronicle understands that the Americans who have North West sports retailer Geoff Sheard spearheading their bid are attempting to close in on a deal with Ashley.

 

United managing director Derek Llambias confirmed talks were taking place earlier in the week, although he did stress that the bid team was yet to provide proof of funds.

 

With Sheard only representing the US group, the arrival of the main financial backers of the bid in the UK is a significant move.

 

A source close to the deal in the capital told the Chronicle today: The Americans are pushing like hell to get a deal through.

 

They arrived in London late yesterday and will speak to Seymour Pierce once again.

 

Its at a critical stage and they dont want to say too much.

 

Obviously with non-disclosure agreements signed its difficult for them. And it is a painfully slow process.

 

As revealed in the Chronicle on Tuesday, the Americans would install Alan Shearer as manager despite the great start made by United under interim boss Chris Hughton.

 

They also intend to appoint New York-based strategic holding company The Omnicom Group to rebrand the Magpies on a global scale and increase sponsorship and advertising opportunities.

 

And they will assign worldwide PR giants Fleishman Hillard to attempt to repair relations between fans and those calling the shots at the club.

 

Toon supporters though have grown weary of takeover talk and today fanzine editor Steve Wraith said: It all sounds like a grand plan.

 

But we have heard a lot of it before.

 

Hopefully the Americans can put their money where their mouth is and we can see some real developments in the next few days.

lee ryders latest

Bollocks

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Nowt happening by the look of things.

 

What? :lol:

 

Care to elaborate? You know as much as anyone on here which is nowt.

 

Please point out where I claimed to know anything more than anyone else for fuck's sake.

 

All I'm saying is that an article saying the yanks have flown in for talks is hardly 'nowt happening'.

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Nowt happening by the look of things.

 

What? :lol:

 

Care to elaborate? You know as much as anyone on here which is nowt.

 

Please point out where I claimed to know anything more than anyone else for f***'s sake.

 

All I'm saying is that an article saying the yanks have flown in for talks is hardly 'nowt happening'.

I think he's just trying tos ay we've seen this before and its probably bollocks.

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Nowt happening by the look of things.

 

What? :lol:

 

Care to elaborate? You know as much as anyone on here which is nowt.

 

Please point out where I claimed to know anything more than anyone else for f***'s sake.

 

All I'm saying is that an article saying the yanks have flown in for talks is hardly 'nowt happening'.

 

Don't believe it personally. Too many false dawns and so-called 'ITKs' that know absolutely nothing. Hope to be proven spectacularly wrong.

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Nowt happening by the look of things.

 

What? :lol:

 

Care to elaborate? You know as much as anyone on here which is nowt.

 

Please point out where I claimed to know anything more than anyone else for f***'s sake.

 

All I'm saying is that an article saying the yanks have flown in for talks is hardly 'nowt happening'.

I think he's just trying tos ay we've seen this before and its probably bollocks.

 

Yes. It is hard not to be cynical at this stage.

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