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RIP sale thread.


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Guest firetotheworks

Has it bollocks. :lol:

 

Just more false and unfounded hope. I disapprove. :nope: :razz:

 

You're spoiling my solace. I'll take false hope for now, its come to that.

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... this is worse than "nothing" for me. I'd rather see Freddy Shephard back than having those c***s takeover us.

Any reason why The Profitable group would be worse the Fat Fred give me your reasons for this please.
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Article from The Guardian that is remarkably frank and informative ,and not in the least bit mocking

 

 

 

Ten questions to help clear the fog over Tyneside

 

Mike Ashley's Newcastle are still without a new owner or a manager as the club prepares for life in the Championship

 

 

Will club be sold this summer?

 

Sources close to the sale have admitted that, while "genuine hope" of a takeover being completed before the end of August remains, there is a growing possibility that Newcastle may still be under Mike Ashley's control come September. There is no reason why a deal could not be done in the autumn but football clubs traditionally change hands during, or just before, transfer windows, thereby enabling new owners to make an immediate impact by buying and selling players. Sources indicate that if a deal does go through this summer, it will take another month to complete. Things could, of course, be accelerated were Ashley to lower his £100m asking price significantly.

 

Who are the potential buyers?

 

With any consortium entering the due diligence process required to sign "non-disclosure" agreements binding them to utmost discretion, their identities are unknown although it has leaked that Freddy Shepherd, Newcastle's former chairman, is involved with one group. Two consortiums, probably from the United States and Malaysia, remain "very serious", another remains in the equation and others are on the periphery.

 

Why is the process so slow?

 

The due diligence process – an inventory of Newcastle's finances – has thrown up some unpleasant surprises and interested parties are duly employing extra forensic accountants and lawyers to dig even deeper while also providing in-depth forecasts of potential future revenue streams. This is sometimes referred to as "due diligence squared". Newcastle's enormous player wage bill – currently £65m per annum – is giving key investors cold feet. Principal concerns revolve around the financially ruinous fall-out if the team do not win immediate promotion back to the Premier League. It also does not help that Ashley has retreated into "remote" mode.

 

Where does Alan Shearer fit in?

 

Sources close to Shearer say he is still "completely in the dark" about his chances of returning as Newcastle's manager. The former England captain wants the job and it is thought all bar one of the consortiums involved would appoint him. Ashley, though, resolutely refuses to recruit any manager until a takeover is sealed. Shearer is still contracted to work as a television football pundit for another year. He is currently in talks with an "extremely understanding" BBC which is allowing him to keep his options open. Soon though, it will need a decision.

 

Who else is in the frame?

 

Seemingly not Joe Kinnear. In a rare public statement Newcastle ruled out the possibility of Kinnear returning to the helm. Then again, Ashley has been known to change his mind. Alan Curbishley remains a dark horse.

 

Might the players mutiny?

 

Up to seven – including Steven Taylor, Habib Beye, Nicky Butt, Sébastien Bassong and Alan Smith – have threatened to submit transfer requests at the start of the week if Shearer has not been made manager. Talk of impending, wholesale revolt may be exaggerated but Newcastle's players are in increasingly militant mood.

 

Why no player sales and buys?

 

Clearly oblivious to the reality that such enduring inactivity might hinder rather than accelerate a sale, a senior club source has declared: "There will be no players coming or going until a buyer has been found." With Newcastle players' often exorbitant wages already discouraging prospective purchasers, stringent efforts should be made to move some on. If, and when, they are eventually sold it is likely Ashley's successor will be forced either to pay them off or continue meeting a percentage of their salaries at new clubs.

 

Do the fans make it difficult?

 

According to popular stereotype, Toon Army foot soldiers suffer badly from Messiah Complexes, demand an absurdly entertaining, yet winning, brand of football and decline to offer their heroes space or privacy in the city's "goldfish bowl". This is largely, often laughably, false. If a few Newcastle fans appear guilty of overly romantic notions, the vast majority are grittily realistic. After having their fingers badly burnt when Ashley - remember his beer drinking days in the Bigg Market - effectively played them for fools their old, near unconditional, loyalty is fast evaporating. Even so, the new owners can still expect to inherit some of the best supporters in England – providing, of course, they bin the team's gruesome new yellow and orange striped away kit. It does not go on general sale until next week but Newcastle have already reduced the price of replicas by 20%.

 

Are they a victim of geography?

 

Enticing "big names" to Tyneside has frequently involved Newcastle paying way over the odds on wages.

 

Is Roy Keane a problem?

 

Sunderland's former manager has now decamped to Ipswich where promotion to the Premier League is this season's aim. Some potential Newcastle buyers are seemingly having second thoughts after realising that competition from potentially strong rivals including, among others, Ipswich, Middlesbrough and Cardiff may make escaping the Championship anything but easy.

 

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Guest nwgeordie

A Quote from another Blog

 

 

LATINAMERICATOON // Jul 18, 2009 at 7:34 PM

 

There seems to be alot of confusion with regards to NDA’s. I am in Business/finance myself and I can say that in no way does this statement breach the agreement. An NDA protects information with regards to finances, the participants, the institutions involved. Everyone Knows ashley is selling the club any bidder can chose to announce he is bidding but he cant disclose anything on the finance sheet he will see during his due dilligence, or he cant disclose any 3rd party or institution only they can announce themselves. In any other takeover there have always been pre announcements by potential and eventual buyers. Whatsmore this investment makes sense for profitable group as they are investors in real estate and newcastle, st james and the surrounding is a highly valuable asset and the area is in growth.

just my humble thoughts..

 

 

 

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A Quote from another Blog

 

 

LATINAMERICATOON // Jul 18, 2009 at 7:34 PM

 

There seems to be alot of confusion with regards to NDA’s. I am in Business/finance myself and I can say that in no way does this statement breach the agreement. An NDA protects information with regards to finances, the participants, the institutions involved. Everyone Knows ashley is selling the club any bidder can chose to announce he is bidding but he cant disclose anything on the finance sheet he will see during his due dilligence, or he cant disclose any 3rd party or institution only they can announce themselves. In any other takeover there have always been pre announcements by potential and eventual buyers. Whatsmore this investment makes sense for profitable group as they are investors in real estate and newcastle, st james and the surrounding is a highly valuable asset and the area is in growth.

just my humble thoughts..

 

 

 

humble thoughts and good points none the less.
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A Quote from another Blog

 

 

LATINAMERICATOON // Jul 18, 2009 at 7:34 PM

 

There seems to be alot of confusion with regards to NDA’s. I am in Business/finance myself and I can say that in no way does this statement breach the agreement. An NDA protects information with regards to finances, the participants, the institutions involved. Everyone Knows ashley is selling the club any bidder can chose to announce he is bidding but he cant disclose anything on the finance sheet he will see during his due dilligence, or he cant disclose any 3rd party or institution only they can announce themselves. In any other takeover there have always been pre announcements by potential and eventual buyers. Whatsmore this investment makes sense for profitable group as they are investors in real estate and newcastle, st james and the surrounding is a highly valuable asset and the area is in growth.

 

But the club don't own the ground so does that make any sense?

just my humble thoughts..

 

 

 

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Guest kirkpatrick9

Good article from Louise Taylor....surely its an impersonator?

 

http://www.guardian.co.uk/sport/blog/2009/jul/18/newcastle-united-mike-ashley-alan-shearer

 

 

Ten questions to help clear the fog over TynesideMike Ashley's Newcastle are still without a new owner or a manager as the club prepares for life in the Championship

 

Mike Ashley, the owner of Newcastle United, who is trying to sell the club that was relegated from the Premier League last season. Photograph: Lee Smith/Action Images

 

 

Will club be sold this summer?

 

Sources close to the sale have admitted that, while "genuine hope" of a takeover being completed before the end of August remains, there is a growing possibility that Newcastle may still be under Mike Ashley's control come September. There is no reason why a deal could not be done in the autumn but football clubs traditionally change hands during, or just before, transfer windows, thereby enabling new owners to make an immediate impact by buying and selling players. Sources indicate that if a deal does go through this summer, it will take another month to complete. Things could, of course, be accelerated were Ashley to lower his £100m asking price significantly.

 

 

Who are the potential buyers?

 

With any consortium entering the due diligence process required to sign "non-disclosure" agreements binding them to utmost discretion, their identities are unknown although it has leaked that Freddy Shepherd, Newcastle's former chairman, is involved with one group. Two consortiums, probably from the United States and Malaysia, remain "very serious", another remains in the equation and others are on the periphery.

 

 

Why is the process so slow?

 

The due diligence process – an inventory of Newcastle's finances – has thrown up some unpleasant surprises and interested parties are duly employing extra forensic accountants and lawyers to dig even deeper while also providing in-depth forecasts of potential future revenue streams. This is sometimes referred to as "due diligence squared". Newcastle's enormous player wage bill – currently £65m per annum – is giving key investors cold feet. Principal concerns revolve around the financially ruinous fall-out if the team do not win immediate promotion back to the Premier League. It also does not help that Ashley has retreated into "remote" mode.

 

 

Where does Alan Shearer fit in?

 

Sources close to Shearer say he is still "completely in the dark" about his chances of returning as Newcastle's manager. The former England captain wants the job and it is thought all bar one of the consortiums involved would appoint him. Ashley, though, resolutely refuses to recruit any manager until a takeover is sealed. Shearer is still contracted to work as a television football pundit for another year. He is currently in talks with an "extremely understanding" BBC which is allowing him to keep his options open. Soon though, it will need a decision.

 

 

Who else is in the frame?

 

Seemingly not Joe Kinnear. In a rare public statement Newcastle ruled out the possibility of Kinnear returning to the helm. Then again, Ashley has been known to change his mind. Alan Curbishley remains a dark horse.

 

 

Might the players mutiny?

 

Up to seven – including Steven Taylor, Habib Beye, Nicky Butt, Sébastien Bassong and Alan Smith – have threatened to submit transfer requests at the start of the week if Shearer has not been made manager. Talk of impending, wholesale revolt may be exaggerated but Newcastle's players are in increasingly militant mood.

 

 

Why no player sales and buys?

 

Clearly oblivious to the reality that such enduring inactivity might hinder rather than accelerate a sale, a senior club source has declared: "There will be no players coming or going until a buyer has been found." With Newcastle players' often exorbitant wages already discouraging prospective purchasers, stringent efforts should be made to move some on. If, and when, they are eventually sold it is likely Ashley's successor will be forced either to pay them off or continue meeting a percentage of their salaries at new clubs.

 

 

Do the fans make it difficult?

 

According to popular stereotype, Toon Army foot soldiers suffer badly from Messiah Complexes, demand an absurdly entertaining, yet winning, brand of football and decline to offer their heroes space or privacy in the city's "goldfish bowl". This is largely, often laughably, false. If a few Newcastle fans appear guilty of overly romantic notions, the vast majority are grittily realistic. After having their fingers badly burnt when Ashley - remember his beer drinking days in the Bigg Market - effectively played them for fools their old, near unconditional, loyalty is fast evaporating. Even so, the new owners can still expect to inherit some of the best supporters in England – providing, of course, they bin the team's gruesome new yellow and orange striped away kit. It does not go on general sale until next week but Newcastle have already reduced the price of replicas by 20%.

 

 

Are they a victim of geography?

 

Enticing "big names" to Tyneside has frequently involved Newcastle paying way over the odds on wages.

 

 

Is Roy Keane a problem?

 

Sunderland's former manager has now decamped to Ipswich where promotion to the Premier League is this season's aim. Some potential Newcastle buyers are seemingly having second thoughts after realising that competition from potentially strong rivals including, among others, Ipswich, Middlesbrough and Cardiff may make escaping the Championship anything but easy.

 

Article is shite.

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Article from The Guardian that is remarkably frank and informative ,and not in the least bit mocking

 

The article says to me: "I'm a crap journalist who can't find a way to write a real article, so I will instead submit a very amateur Q&A rough draft to my editor that nevertheless betrays my mackem bias with the ludicrous Roy Keane question at the end."

 

Hopeless.  Caulkin > everyone else.

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