Dave Posted October 6, 2009 Share Posted October 6, 2009 Link to post Share on other sites More sharing options...
quayside Posted October 6, 2009 Share Posted October 6, 2009 The thing I keep coming back to on this is that if I were Ashley I just would not sell now. He won't get his money back if we are promoted but he'll get a lot more back than he would if he sells right now. Ashley seems thick skinned enough not to give a s*** about being branded a liar and being hated - so why sell? Yeah but he'd still need to find a buyer. The club's been on the market for the most part of the last 12 months, and it's proved to be pretty difficult to find someone who's willing and able to put up 100m for the club, I'd imagine it'd be just as hard to find someone who'd fork out even more at the end of the season even if we're promoted. I assume we'll have the same squad as now, and while we'll receive ~20m more in TV revenues next season, we'll have to invest just as much or even more in new players if we don't want to go down again, so the club's true value wouldn't rise a whole lot imo. While all evidence point towards that Ashley is a grade A idiot, I'm sure that either he or one of his advisors are aware of that. It sounds like he's eventually managed to generate some interest at somewhere near £100m as a Championship club likely to be promoted. And with our following and potential that has to be worth more (dunno say £130m?) when you are actually promoted. As I said earlier he's a gambler, and I doubt he can even spell the word credibility, let alone give a toss about it, so if I was him I'd hang in there. Link to post Share on other sites More sharing options...
Teasy Posted October 6, 2009 Share Posted October 6, 2009 He's a gambler - and its a good punt that we will get promoted. It's a good punt we'll lose in the play-offs! Our recent track record regarding what happens when it's time to 'stand up and be counted' is, half of them disappear. Just make sure we don't need the playoffs Yeah but he'd still need to find a buyer. The club's been on the market for the most part of the last 12 months, and it's proved to be pretty difficult to find someone who's willing and able to put up 100m for the club, I'd imagine it'd be just as hard to find someone who'd fork out even more at the end of the season even if we're promoted. I assume we'll have the same squad as now, and while we'll receive ~20m more in TV revenues next season, we'll have to invest just as much or even more in new players if we don't want to go down again, so the club's true value wouldn't rise a whole lot imo. While all evidence point towards that Ashley is a grade A idiot, I'm sure that either he or one of his advisors are aware of that. The difference in revenue between being in the Championship and the Premiership would be more like £50m+, which means our revenue would be double (or more) then it is now. Of course you then have the fact its the Premiership and that's the league every Football owner wants to be in (especially the crazy arabs). Even trying to sell it for £200m in the Premiership would be a bit easier then trying to sell for £100m in the Championship. The Man City lot were interested at £250m last season until the fat prick told them he wanted £450m. Of course we have less playing assets now, but back in the Premiership somewhere between £150m and £200m would get Ashley a quick sale IMO. Link to post Share on other sites More sharing options...
dustynrg Posted October 6, 2009 Share Posted October 6, 2009 I love this thread like, from Gadaffi to Jay-Z in about 10 pages. :colo: Link to post Share on other sites More sharing options...
Guest sicko2ndbest Posted October 6, 2009 Share Posted October 6, 2009 Without a shadow of a doubt Moat is an upgrade on Ashleys ineptitude. Moat may not have Ashleys money (a point yet to be proven), but if Ashley is not willing to use it his money is neither here nor there. I think the wave of optimism that will surrounf=d the takeover will be enough to see us right this year. I also think Moat will be able to generate the funds the manager requires for next seasons window with the help of his backers. The future's bright with Moat at the helm! Link to post Share on other sites More sharing options...
dustynrg Posted October 6, 2009 Share Posted October 6, 2009 Without a shadow of a doubt Moat is an upgrade on Ashleys ineptitude. Moat may not have Ashleys money (a point yet to be proven), but if Ashley is not willing to use it his money is neither here nor there. I think the wave of optimism that will surrounf=d the takeover will be enough to see us right this year. I also think Moat will be able to generate the funds the manager requires for next seasons window with the help of his backers. The future's bright with Moat at the helm! Well it can't be any darker. Can it? Link to post Share on other sites More sharing options...
madras Posted October 6, 2009 Share Posted October 6, 2009 Without a shadow of a doubt Moat is an upgrade on Ashleys ineptitude. Moat may not have Ashleys money (a point yet to be proven), but if Ashley is not willing to use it his money is neither here nor there. I think the wave of optimism that will surrounf=d the takeover will be enough to see us right this year. I also think Moat will be able to generate the funds the manager requires for next seasons window with the help of his backers. The future's bright with Moat at the helm! Well it can't be any darker. Can it? you know NUFC "the light at the end of the tunnel.............is the light of an oncoming train" hopefully it would be a settling period. no mad spending we can't afford. Link to post Share on other sites More sharing options...
Guest ToonBart Posted October 6, 2009 Share Posted October 6, 2009 simon bird Mike Ashley’s long running quest to sell Newcastle United has taken a new twist after City sources confirmed that a new South African bidder had emerged. A wealthy bond dealer is known to have done a form of due diligence, examining United’s accounts in detail, throwing a bid by Tyneside businessman Barry Moat into doubt. Ashley has received a formal offer from Moat, but has stalled on accepting and has not seen proof that any bidders have the funds to buy the club. The saga has rumbled on so long without Ashley forcing through a sale that close confidants are wondering if he intends to keep the £100million club. Ashley has to pay Kevin Keegan his £2million pay off by Friday. But the pair are also locked in a dispute over the £1.5million legal costs for their 15 month legal battle which ended last Friday with a Premier League Arbitraion Panel ruling in Keegan’s favour that he was a victim of constructive dismissal. Keegan denies being offered a £4million settlement out of court, but Ashley chum Dennis Wise has claimed there was an attempt to pay Keegan off before the hearing. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2009 Share Posted October 6, 2009 No you can't! Link to post Share on other sites More sharing options...
geordie_b Posted October 6, 2009 Share Posted October 6, 2009 no alan you cant Link to post Share on other sites More sharing options...
ElDiablo Posted October 6, 2009 Share Posted October 6, 2009 Well there's no need for that. Link to post Share on other sites More sharing options...
Keefaz Posted October 6, 2009 Share Posted October 6, 2009 Has a paper used the 'Moat-toon' pun yet? Or are the saving it for the day it goes through? Link to post Share on other sites More sharing options...
Guest ToonBart Posted October 6, 2009 Share Posted October 6, 2009 Daily Mail A South African businessman is believed to have met Barclays Bank representatives involved in the sale of Newcastle United. The South African’s late intervention on Tuesday may not lead to a bid, but it has stalled Barry Moat’s proposed purchase. The Tyneside businessman has preferred-bidder status and has made a formal offer to owner Mike Ashley, although it is not known how close it is to the £100m asking price. Yet another delay will frustrate Newcastle fans and if the newcomer, represented in Britain by solicitors Mischcon de Reya, undertakes due diligence, a sale would be postponed for weeks. Link to post Share on other sites More sharing options...
Guest Geordiekev Posted October 6, 2009 Share Posted October 6, 2009 Daily Mail A South African businessman is believed to have met Barclays Bank representatives involved in the sale of Newcastle United. The South Africans late intervention on Tuesday may not lead to a bid, but it has stalled Barry Moats proposed purchase. The Tyneside businessman has preferred-bidder status and has made a formal offer to owner Mike Ashley, although it is not known how close it is to the £100m asking price. Yet another delay will frustrate Newcastle fans and if the newcomer, represented in Britain by solicitors Mischcon de Reya, undertakes due diligence, a sale would be postponed for weeks. It's a fucking laugh a minute........... I take it Lambarse is back in the country now.. Link to post Share on other sites More sharing options...
Ash Posted October 6, 2009 Share Posted October 6, 2009 Hmmm, I wonder if this story was leaked by Ashley... Link to post Share on other sites More sharing options...
Guest ToonBart Posted October 6, 2009 Share Posted October 6, 2009 Hmmm, I wonder if this story was leaked by Ashley... Could be, but thats a very respected firm of solicitors quoted a being the ones dealing with this. Link to post Share on other sites More sharing options...
Guest ToonBart Posted October 6, 2009 Share Posted October 6, 2009 From the Times A South African consortium has made a last-ditch bid to buy Newcastle United, further frustrating Barry Moat in his protracted attempts to push through a takeover of the Coca-Cola Championship club. Moat, the preferred bidder of Seymour Pierce, the investment bank that has been hired by Mike Ashley to push through a sale, has yet to receive a response from Newcastle after finally submitting a formal bid for the club, five months after they were placed on the market. The reason for yet another delay to a laborious process has now become apparent, with the South African group, headed by a prominent bond dealer, conducting the due diligence process directly with the club. “They have been up to the North East and are very active, but they’ve tried to stay out of the spotlight,” a source close to Newcastle said. While the group has taken stringent precautions to conceal its identity, its involvement has been confirmed by City insiders as well as from within the club, making it a more credible proposition than most other parties who have made their “interest” in the club public. It is understood to share legal representation with Ashley in Mishcon de Reya, the London-based firm. Unlike Moat, however, the South Africans have not dealt with Seymour Pierce, which recommended Moat’s consortium after sifting through bids from other applicants. Keith Harris, Seymour Pierce’s executive chairman, is satisfied that as things stand, Moat, a Tyneside-based businessman who has American backers, represents Newcastle’s best hope of progressing. There has been no contact between the South Africans and Barclays, who at present provide Newcastle with their working £25 million overdraft, suggesting that such a facility would not be needed if the South Africans buy the club. Barclays has proposed a deal that will allow Moat to take on the overdraft, at a substantially lower rate, but the two sides have not yet reached a binding agreement. The bank has asked Moat for further proof that he has enough money to buy the club, but has not yet received the evidence it needs to sign off his bid. The bank’s consent is crucial to the entrepreneur, who needs Barclays to continue to lend to the club or he will not be able to buy it. Barclays declined to comment last night. Ashley is still insisting that interested bidders put £100 million in trust in a bank account, to prove that they have the cash to buy Newcastle, before he is prepared to sign up to any deal. Sources close to Ashley said that even if he were willing to drop his asking price, a bidder would still need £100 million in order to invest enough to ensure Newcastle’s promotion to the Barclays Premier League next year. Link to post Share on other sites More sharing options...
Fenham Mag Posted October 6, 2009 Share Posted October 6, 2009 LOOK were on google , They are ITK . Something imminent. http://www.google.co.uk/ Link to post Share on other sites More sharing options...
Yorkie Posted October 6, 2009 Share Posted October 6, 2009 For crying out fucking loud. Link to post Share on other sites More sharing options...
Fenham Mag Posted October 6, 2009 Share Posted October 6, 2009 For crying out f***ing loud. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2009 Share Posted October 6, 2009 Stinks IMO. No news for all this time and as soon as Moat supposedly submits a formal bid there is news about some other rich cunt being interested the day after? Someone's playing games. Link to post Share on other sites More sharing options...
dustynrg Posted October 6, 2009 Share Posted October 6, 2009 Stinks IMO. No news for all this time and as soon as Moat supposedly submits a formal bid there is news about some other rich c*** being interested the day after? Someone's playing games. Aye it'll be Keegan, you know all the tricks HE gets up to. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2009 Share Posted October 6, 2009 I blame the fans. Link to post Share on other sites More sharing options...
Ritchie Posted October 6, 2009 Share Posted October 6, 2009 Change the thread title! Link to post Share on other sites More sharing options...
madras Posted October 6, 2009 Share Posted October 6, 2009 I blame the fans. On what grounds ?. You'll have to defend that. Typical that now the case is over you revert to type and have to find yet another scapegoat. Link to post Share on other sites More sharing options...
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