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RIP sale thread.


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Worrying if true...... but it is by wheyse keyse Louise

 

Alan Shearer remains "completely in the dark" about whether he will eventually be installed as manager at Newcastle United. Despite a source close to ongoing efforts to sell the Championship club revealing that a takeover may not happen this summer after all, Shearer has still not been contacted by anyone connected with Newcastle. :facepalm:

 

With at least two interested consortiums seemingly developing cold feet at the due diligence stage no takeover is imminent. Although it is still possible new owners could be installed before the transfer window closes at the end of August, attempts to complete a sale appear hindered by the fact that Newcastle are managerless and stuck in a state of limbo under the caretaker stewardship of Chris Hughton.

 

While players are threatening to mutiny if Shearer is not appointed swiftly, the stasis means no new signings have been made this summer and, hugely importantly, high earners have not been offloaded from the club's £65m annual wage bill. Such remuneration obligations are understood to be deterring purchasers.

 

"Alan is completely in the dark," said a source close to Shearer. The concern is, that with every managerless day that passes, Newcastle lose opportunities to sell players ill-equipped for the Championship and sign those suited to the rigours of their new division.

 

Yet Mike Ashley, Newcastle's owner – who will need to slash his £100m asking price is to have any hope of forcing a quick sale through – has hitherto resisted the temptation to hire a manager before new owners are found. In the hope that he soon changes tack, Shearer has persuaded the BBC to keep his job as a football pundit open for a little longer as the impasse continues.

 

"Alan is in talks with the BBC at the moment," explained a source. "He currently has one year left on his contract with them and they want to keep him but they also know how much he loves Newcastle and are being extremely understanding."

 

Shearer's chances of returning to the post he occupied for eight weeks at the end of last season appeared to be boosted when Newcastle today denied that Joe Kinnear, the former England captain's short term predecessor, was on his way back to Tyneside.

 

Late yesterday there were suggestions that Ashley had handed the job to Kinnear but a rare club statement said: "Reports that Joe Kinnear is to be appointed Newcastle manager are not true."

 

The 62-year-old, whose tenure was cut short by the need for a triple heart bypass last February from which he has now fully recovered, would not have been a popular choice with Newcastle fans.

 

Kinnear further aggrieved them at the weekend when he poured cold water on Shearer's credentials in the Irish press. "Alan has been a phenomenal player but he's never been in management or coaching,' he said.

 

"The whole of Newcastle wanted Alan Shearer though and they got him. They have delusions of grandeur. They want someone who can put together a winning run on a regular basis."

 

Kinnear also revealed he had urged Ashley to allow him to work alongside Shearer at the end of the season but that Newcastle's owner told him that specialists decreed it would disrupt his convalescence and could wreck his health.

 

"When I went into hospital we were 13th with 13 games left," said Kinnear. "It [avoiding relegation] was looking an absolute doddle. We were on a great run."

 

Newcastle won just four of his 20 games in charge and one of Shearer's eight at the helm.

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Worrying if true...... but it is by wheyse keyse Louise

 

Alan Shearer remains "completely in the dark" about whether he will eventually be installed as manager at Newcastle United. Despite a source close to ongoing efforts to sell the Championship club revealing that a takeover may not happen this summer after all, Shearer has still not been contacted by anyone connected with Newcastle. :facepalm:

 

With at least two interested consortiums seemingly developing cold feet at the due diligence stage no takeover is imminent. Although it is still possible new owners could be installed before the transfer window closes at the end of August, attempts to complete a sale appear hindered by the fact that Newcastle are managerless and stuck in a state of limbo under the caretaker stewardship of Chris Hughton.

 

While players are threatening to mutiny if Shearer is not appointed swiftly, the stasis means no new signings have been made this summer and, hugely importantly, high earners have not been offloaded from the club's £65m annual wage bill. Such remuneration obligations are understood to be deterring purchasers.

 

"Alan is completely in the dark," said a source close to Shearer. The concern is, that with every managerless day that passes, Newcastle lose opportunities to sell players ill-equipped for the Championship and sign those suited to the rigours of their new division.

 

Yet Mike Ashley, Newcastle's owner – who will need to slash his £100m asking price is to have any hope of forcing a quick sale through – has hitherto resisted the temptation to hire a manager before new owners are found. In the hope that he soon changes tack, Shearer has persuaded the BBC to keep his job as a football pundit open for a little longer as the impasse continues.

 

"Alan is in talks with the BBC at the moment," explained a source. "He currently has one year left on his contract with them and they want to keep him but they also know how much he loves Newcastle and are being extremely understanding."

 

Shearer's chances of returning to the post he occupied for eight weeks at the end of last season appeared to be boosted when Newcastle today denied that Joe Kinnear, the former England captain's short term predecessor, was on his way back to Tyneside.

 

Late yesterday there were suggestions that Ashley had handed the job to Kinnear but a rare club statement said: "Reports that Joe Kinnear is to be appointed Newcastle manager are not true."

 

The 62-year-old, whose tenure was cut short by the need for a triple heart bypass last February from which he has now fully recovered, would not have been a popular choice with Newcastle fans.

 

Kinnear further aggrieved them at the weekend when he poured cold water on Shearer's credentials in the Irish press. "Alan has been a phenomenal player but he's never been in management or coaching,' he said.

 

"The whole of Newcastle wanted Alan Shearer though and they got him. They have delusions of grandeur. They want someone who can put together a winning run on a regular basis."

 

Kinnear also revealed he had urged Ashley to allow him to work alongside Shearer at the end of the season but that Newcastle's owner told him that specialists decreed it would disrupt his convalescence and could wreck his health.

 

"When I went into hospital we were 13th with 13 games left," said Kinnear. "It [avoiding relegation] was looking an absolute doddle. We were on a great run."

 

Newcastle won just four of his 20 games in charge and one of Shearer's eight at the helm.

 

Same old shit from last week, knows nowt so makes up a a depressing article much rather that a positive one.

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http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/07/15/newcastle-united-deny-joe-kinnear-return-claims-72703-24158294/2/

Meanwhile the Chronicle understands that a new consortium have put in a bid to take over the Magpies.

 

The group have handed United 24 hours to accept their bid, which meets the asking price, or they will walk away.

 

Indeed, having provided proof of funds yet again, it is believed that both Seymour Pierce and the Newcastle regime are playing hardball.

 

The group insist they are the only serious bidders, but the Singapore-base Profitable Group claim that they bid for the club over a week ago.

 

Just read the Journal stories from yesterday and noticed someone had mentioned this in the comments before the Chronicle story came about. The Chronicle wouldn't have just pulled their story from there would they ? If they have they deserve to be closed down.

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A further possible complication here is that Shearer may only be willing to take the job if his proposals for team-building are accepted. That seemed to be the case with Ashley, and there's no reason to think that won't apply to any new owner.

 

So in other words, new owners have to look not only whether they can afford the club, but whether they can afford Shearer's proposals as well. At this stage, they may not have a completely free hand, considering that for many fans Shearer's appointment is very important.

 

It's an extra complication that could well be adding to the delay. Just a thought.

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A further possible complication here is that Shearer may only be willing to take the job if his proposals for team-building are accepted. That seemed to be the case with Ashley, and there's no reason to think that won't apply to any new owner.

 

So in other words, new owners have to look not only whether they can afford the club, but whether they can afford Shearer's proposals as well. At this stage, they may not have a completely free hand, considering that for many fans Shearer's appointment is very important.

 

It's an extra complication that could well be adding to the delay. Just a thought.

 

Makes sense.

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Portsmouth's takeover seems protracted too. The identity of their prospective new owner is well known but the process still hasn't been concluded. Maybe taking over a club is not a quick process, normally.

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I'd like it to be someone other than Shearer, so that he could go to another club if he really wants to be a manager.  It would make watching that particular club as interesting as like watching a porno involving Kate Garraway and Andrew Castle on the GMTV sofa.

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I'd like it to be someone other than Shearer, so that he could go to another club if he really wants to be a manager.  It would make watching that particular club as interesting as like watching a porno involving Kate Garraway and Andrew Castle on the GMTV sofa.

 

Imagine if he went to another championship team and got them promoted though.

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I'd like it to be someone other than Shearer, so that he could go to another club if he really wants to be a manager.  It would make watching that particular club as interesting as like watching a porno involving Kate Garraway and Andrew Castle on the GMTV sofa.

 

Imagine if he went to another championship team and got them promoted though.

 

Fine by me, as long as we were to join them!

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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91% 

 

Sports World is the firm's main retail brand

Sports Direct has announced a 91% drop in full-year profits despite increased sales, after the weak pound and investment losses took their toll.

 

The company - controlled by Newcastle United owner Mike Ashley - made a profit of £10.7m in the year to 26 April, against £118.9m a year earlier.

 

Total revenues rose 9% to £1.37bn, with revenues in the UK topping £1bn.

 

Sports Direct said it would not be paying a final dividend in order to concentrate on cutting its £430m debts.

 

"The second half of the year remained challenging, but we are pleased with these solid full year results that reflect the resilience and relevance of our flexible business model, focused on the core principles of retailing," said chief executive Dave Forsey.

 

During the year, the company opened 27 new stores in the UK.

 

The company owns the Sports World chain of stores, as well as brands including Slazenger, Lonsdale and Dunlop.

 

 

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I'd like it to be someone other than Shearer, so that he could go to another club if he really wants to be a manager.  It would make watching that particular club as interesting as like watching a porno involving Kate Garraway and Andrew Castle on the GMTV sofa.

 

Imagine if he went to another championship team and got them promoted though.

 

Fine by me, as long as we were to join them!

 

Doesn't seem likely with our luck.

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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91%

But he still made a profit in these difficult times. A hell of a lot of companies are making a loss so any profit is pretty good.

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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91%

But he still made a profit in these difficult times. A hell of a lot of companies are making a loss so any profit is pretty good.

 

And he managed to open new stores and buy into more companies. Once theres a turn around his profits will go through the roof again.

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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91%

But he still made a profit in these difficult times. A hell of a lot of companies are making a loss so any profit is pretty good.

 

And he managed to open new stores and buy into more companies. Once theres a turn around his profits will go through the roof again.

 

You're looking at about 18 months for a turnaround.

 

He's asking way too much for the club and this is hampering any interested parties (if any are left).

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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91%

But he still made a profit in these difficult times. A hell of a lot of companies are making a loss so any profit is pretty good.

 

And he managed to open new stores and buy into more companies. Once theres a turn around his profits will go through the roof again.

 

You're looking at about 18 months for a turnaround.

 

He's asking way too much for the club and this is hampering any interested parties (if any are left).

how much is he asking ?
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More bad news for us - no way will he will write off any debts or loans owed to him - fat tosser  :angry:

 

Sports Direct profits plunge 91%

But he still made a profit in these difficult times. A hell of a lot of companies are making a loss so any profit is pretty good.

 

And he managed to open new stores and buy into more companies. Once theres a turn around his profits will go through the roof again.

You're looking at about 18 months for a turnaround.

 

He's asking way too much for the club and this is hampering any interested parties (if any are left).

 

Which isn't a problem, I don't think he's planning on stopping SS now after all this time. And remember he made a profit in the worse time which as others have said is better than alot of other companies.

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http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/07/15/newcastle-united-deny-joe-kinnear-return-claims-72703-24158294/2/

Meanwhile the Chronicle understands that a new consortium have put in a bid to take over the Magpies.

 

The group have handed United 24 hours to accept their bid, which meets the asking price, or they will walk away.

 

Indeed, having provided proof of funds yet again, it is believed that both Seymour Pierce and the Newcastle regime are playing hardball.

 

The group insist they are the only serious bidders, but the Singapore-base Profitable Group claim that they bid for the club over a week ago.

Well at least we see if this was a load of tosh again today.

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